- December 1, 2011: Vol. 5, Number 11

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RREEF Buys Reading Business Park for £140 Million


RREEF Real Estate, the real estate investment management business of Deutsche Bank’s asset management division, has acquired Verizon Communications’ 36,418-square-metre office headquarters complex at Reading International Business Park, on behalf of its client, a leading Asian pension fund, for £140.15 million (€163 million). The seller was Arlington Business Parks Partnership Fund (ABPP), which is managed by Goodman Group and operated by Legal & General Property.

“RREEF Real Estate’s extensive cross-border experience and in-depth knowledge of the UK office sector has enabled us to continue to help our clients from Asia expand their UK portfolios,&rdq

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