Deka buys in St James’s Square in London
Deka Immobilien has acquired a high quality and very centrally located office building in London for around GBP 220 million. Golden Sense International Holdings Ltd. has sold the property. It is to be brought into the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.
The “8 St James‘s Square” office building, completed in 2015, has a lettable area of around 5,850 square meters and six parking spaces. It will be used long-term and almost entirely by five parties, with the multinational banking and financial services company Société Générale being the main tenant. The property is located directly on St James's Square in the heart of London's West End and has an excellent infrastructure. It was designed by the British architect Eric Parry and received the RIBA National Award and the RIBA London Award in 2016 for its design qualities. In addition, it was certified with the British seal of approval for sustainable building BREEAM with "Excellent".
With this purchase, a first-class property in a prime location was secured for Deka-ImmobilienEuropa.
Photo: architect Eric Parry