Deutsche Asset & Wealth Management’s (DeAWM) Luxemburg unit has closed the financing on the acquisition of 1 Queen Anne's Gate Buildings, a GBP43 million office property in Westminster, London.
The acquisition is a joint venture between Henley and Quadrum Group.
“The financing of 1 Queen Anne's Gate Buildings is in line with our debt investment strategy to provide higher leverage against quality assets across the UK and Europe," says Andrea Vanni, head of European real estate debt investments for DeAWM. "1 Queen Anne's Gate Buildings is a fantastic asset and we are very pleased to assist Henley and Quadrum Group in their expansion programme.”
The loan was acquired from DB Lux by RREEF Spezial Invest GmbH. This transaction represents the first debt investment for Rheinische Versorgungskassen, a single investor in one of the special funds managed by RREEF Spezial Invest GmbH, DeAWM's German real estate institutional funds business.