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Commerz Real sells London office and commercial building Paternoster Square
Transactions - JUNE 6, 2024

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Commerz Real sells London office and commercial building Paternoster Square

by Released

Commerz Real has sold the fully leased office and commercial building Paternoster Square in London in the course of the portfolio optimization of its open-end real estate fund Hausinvest. The buyer in the framework of an off-market transaction is the British investment management platform CLI Dartriver in conjunction with several European family offices.

The financial terms were not disclosed.

Paternoster Square and the eponymous property benefit from the central and historic location in the heart of the City of London close to the nearby St. Paul’s Cathedral. The building has five stories with a total area of 1,897 square meters (20,419 square feet). Around 80 percent of this is office space that is leased in the long term to the law firm Gateley, while the ground floor accommodates retail outlets. The property was completed in 2002 during the Paternoster Square urban development and acquired for Hausinvest together with the neighboring building, Paternoster House.

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