has bought two large office buildings in London鈥檚 Southbank area on behalf of its German open-ended real estate funds.
Real Estate sold the assets for around 拢310m (鈧�353m), Deutsche AM said, 鈥渨ith a top up to be determined鈥�.
The buildings at 2 and 3 Bankside were bought by M&G Real Estate from Land Securities in 2013 for 拢315m.
James Petit, Deutsche AM鈥檚 head of real estate, UK and Ireland, said: 鈥淟ondon remains one of Europe鈥檚 most attractive markets for real estate investment despite Brexit.鈥�
He said the Bankside properties were two quality buildings in an attractive, emerging location.
鈥淭he regeneration of this area is making it one of London鈥檚 fastest growing submarkets and an increasing magnet for tenants,鈥� he said.
The two nine-storey buildings were built in 2007 and designed to a 鈥榲ery good鈥� BREEAM rating, have more than 38,500sqm of office, ground-floor retail and higher-floor terrace space.
They are fully let to the Royal Bank of Scotland.
