Deka Immobilien has acquired the prime office building, Stirling Square, in London’s West End on behalf of the WestInvest InterSelect open-end real estate fund. This landmark property is located in the exclusive submarket St James’s, overlooking Buckingham Palace. The property was sold by a fund managed by Tristan Capital Partners and Greycoat. The parties have agreed not to disclose the purchase price.
Occupying a rare island site in St James’s, the post-modern building was designed by architect Sir James Stirling and comprises approximately 8,700 square meters (93,646 square feet) of lettable space spread over seven stories. The terraces on the upper floors of the building offer unique views over Buckingham Palace and the surrounding parks. Built in 1999, the property underwent refurbishments in 2016 and 2022 and is fully let on long-term leases to four tenants.
The St James’s area is characterized by historic buildings, luxury retail and top-class restaurant
