News: Real Estate
FIRST PROPERTY ACQUISITION IN GREAT BRITAIN.
The building at 50 Finsbury Square, designed and built by Foster + Partners, is located in the best city location in London – opposite Finsbury Square.
The important landmark building with 8 floors is being refurbished to a high standard as part of a complete revitalisation by the London real estate developer GPE (Great Portland Estates) and is one of the first buildings in the city to achieve Net Zero Carbon status. As a result of the extensive refurbishment measures, the high sustainability and ESG criteria, such as BREEAM “Excellent” and EPC (Energy Performance Certificate) Level B were achieved and thus create an extensive redevelopment of the building.
The building has approximately 11,300 m² of the most modern and highest quality office space and is leased long-term to the satellite company Inmarsat Global Ltd. By creating additional roof areas as well as the establishment of extensive communication zones and an in-house gym, the requirements of a modern New Work building are clearly met.
Four retail units on the ground floor offer a variety of gastronomic options for the tenants and round off the overall concept of the building.
This investment fits very well into our diversified portfolio strategy and, as planned, represents our first investment outside Germany.
Due to its prime location in the direct vicinity of Liverpool Street station and TFL station Moorgate, the property offers a perfect connection to the transport infrastructure of the City of London and thus ensures optimal accessibility for our tenants.