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Hannah Parry
Hannah Parry
  • 1 Minute Read
  • 20th April 2012

German company makes recent purchase of One Southampton Row, London

Southampton Row, LondonGerman real estate firm Deka-ImmobilienEuropa has recently purchased One Southampton Row from redeveloper Gransoft Ltd for £110 million. The property is currently occupied by seven retail tenants and three office tenants and the selling price reflects a net yield of almost 5.25%.

Deka-ImmobilienEuropa is the third German fund advised by Savills in the last couple of weeks to complete such a deal. This particular exchange is the company’s second off-market purchase in recent weeks, having recently bought the Guardian Media Group’s for £235 million.

One Southampton Row was initially designed by architecture firm Sheppard Robson and was finished in June 2009, situated above roughly 20,650 square feet of retail . Today, tenants include Carpmaels & Ransford, Sodexo and Metro Bank who pay an average rent of £46.50 per square foot.

Deka-ImmobilienEuropa is not the only German company to have made recent purchases. A variety of German investors are rumoured to have spent £165m on the purchase of Stratton House on Stratton Street, London.

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