CBRE Global Investor (CBRE GI) has acquired an office building in London from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal, managed by Deka Immobilien, for £265 million (€306 million/$370 million).
The Atlantic House was built in 2001 and offers more than 24,000 square meters (258,334 square feet) of leasable space and 23 parking spaces. It is a well-configured, flexible building developed to a high specification with large floor plates, roof terraces on the eighth, 11th and 12th floor. It is fully leased to the international commercial law firm Hogan Lovells International until the end of 2026.
The property is in a prominent location on an island on the north side of the Holborn Viaduct in the western part of the City of London. The office building is situated 200 meters (656 feet) from Farringdon train station, which is forecast to become one of the United Kingdom’s busiest stations.
