Publications

- May 1, 2011: Vol. 5, Number 5

To read this full article you need to be subscribed to Institutional Real Estate Europe

Aerium Buys in Germany and United Kingdom

by

Aerium has acquired an office building in the United Kingdom and a High Street retail development in Germany.

Aerium purchased the office property, One Glass Wharf in Bristol, for £83 million (€94 million). The property, which totals 20,083 square metres of space and 115 parking spaces, is 81 percent let to Burges Salmon, a law firm. One Glass Wharf was developed by Castlemore Securities, which went into receivership in early 2010.

In Germany, Aerium has acquired a High Street retail development in Kiel for €71 million on behalf of its German Retail Opportunity Fund. Aerium has formed a joint venture with Matrix AG for the development of a new 20,000-square-metre retail complex.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?