Atlantic House


VALUE

£265 million / NIY - 3.80% / £1,032 per sq ft

AREA
256,900 sq ft

PURCHASER
CBRE GI

VENDOR
Deka Immobilien Investment GmbH

CBRE’S ROLE

Disposal

DESCRIPTION

CBRE advised Deka Immobilien Investment GmbH with our joint agent on the off-market sale of Atlantic House, EC1.
 
CBRE worked with their client and joint agent to secure the deal assisting with detailed due diligence, providing market insight and advising on the disposal strategy.

Atlantic House is a prime 256,900 sq ft office building built in 2001. Accommodation is arranged over 12 floors with 7,600 sq ft of ancillary retail on the ground floor. It is a well-configured, flexible building developed to a high specification with large floor plates, roof terraces on the 8th, 11th and 12th floor and excellent natural light. The asset is let in its entirety to Hogan Lovells International LLP for a further six years.

Atlantic House is a fantastic example of Deka’s long term investment strategy to selectively acquire high quality core real estate in gateway cities, drive performance and exit opportunely.