RREEF Buys UK Retail Properties
RREEF Real Estate, the real estate investment management business of Deutsche Bank’s Asset Management division, has acquired two prime UK retail properties on behalf of two German institutional clients.
“We are beginning to find value in the major retailing centres in the United Kingdom,” says James Petit, head of UK and Ireland for RREEF Real Estate. “The quality of these properties makes them strong investments for our German clients, who are looking for stable assets with a long-term income stream.”
RREEF acquired 9–15 Church Street in Liverpool for £29.75 million (€37.6 million). The 6,200-square-metre retail asset is let to H&M, Boots and Cash Generator. The firm also acquired 80/88 Queen