DWS acquires three residential blocks within Royal Albert Wharf, East London

DWS has exchanged contracts to acquire three residential properties within the development known as Royal Albert Wharf in East London for one of its institutional real estate funds, in an off-market transaction. The seller is Folio London, the PRS arm of Notting Hill Genesis. Savills Operational Capital Markets advised the vendor on the transaction.

The financial terms were not disclosed.

The fully let new residential properties in the Royal Docks, completed in 2020, are located on the River Thames and not far from London City Airport. With a lettable area of about 12,300 square meters (132,396 square feet), the three properties comprise 182 residential units. The properties are primarily aimed at young professionals and families and, due to the location, are very well connected to Canary Wharf and the City of London.

As the institutionalization of the European residential market continues, investors can leverage DWS’s extensive track record built during 15 ye