RREEF Real Estate has confirmed it has purchased 195,000 sq ft Park House, Finsbury Square, EC2, for just over £150m.
The real estate investment management business of Deutsche Bank’s asset management division, thought to have been advised by Lewis Ellis, bought the office and retail block from PRUPIM.
The purchase was on behalf of one of its German open end funds, Grundbesitz Europa.
Occupiers at the building include Bloomberg and City Index.
James Petit, head of UK for RREEF Real Estate, said: “Park House is a high quality asset that we were excited to acquire for our clients. The team’s broad experience enabled us to close the transaction in just four weeks.”
joanna.bourke@estatesgazette.com
