Transactions - NOVEMBER 19, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Two European offices sell for €631m

by Andrea Waitrovich

In separate deals, two office properties were sold with a total sales price of €631.1 million ($678.9 million).

In London, Helical exchanged contracts on the purchase of The Bower development at 207 Old St. and 211 Old St. for £248 million ($380 million). The seller was a joint venture company owned by Helical and an affiliate of Crosstree Real Estate Partners.

Crosstree has agreed to acquire the joint venture’s retail property located at 183–213 Old St. for £23 million ($35 million). And the joint venture announced the £20.65 million ($31.63 million) sale of Empire House, a hotel asset, to Standard Life Investments Long Lease Fund.

The second European office transaction is The Bank property in Amsterdam, which has been acquired by Deka Immobilien for €275 million ($296 million). The property is being purchased on behalf of open-end real estate fund Deka-ImmobilienEuropa. The property was sold by a Dutch family

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy