Deka Immobilien acquires London office property for €138m

Evans Randall Investors has completed the off-market sale of Bureau, its landmark class A office building in the heart of London’s midtown, for €138 million ($165 million) to Deka Immobilien, the real estate arm of German asset manager Deka Group.

Hailed as one of the most luxurious, high-tech workplaces in the capital, located on Fetter Lane, Bureau is the London headquarters of AB InBev, the world’s largest brewing company, which anchors the building on a combination of 10- and 15-year leases.

The sale of the building coincides with the leasing of the first floor to Miniclip, which was the final office floor available. Miniclip is the world’s largest privately owned online gaming website, which signed for the second floor of the building in June 2020. Bureau’s office space is fully leased at market-leading rents.

Evans Randall Investors acquired the building in a joint venture with STARS REI in November 2015 for €55 million ($66 million) and under