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Transactions - JULY 22, 2021

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Deka Immobilien pays €257 for West End London office

by Andrea Zander

Deka Immobilen has purchased an office building on St. James’s Square in West End, London, from Golden Sense International for £220 million (€257 million/$302 million). The asset was acquired on behalf of the firm’s open-ended real estate fund Deka-ImmobilienEuropa.

The 8 St James’s Square office building, completed in 2015, has a leasable area of ​​around 5,850 square meters (62,967 square feet) 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.

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