Grünwald, 05.10.2021 – As conditions in the London commercial real estate market have become increasingly attractive for investors, KGAL Investment Management GmbH & Co. KG is investing in London again. The German asset manager has acquired the office building “101 St Martin’s Lane” in London’s West End for its fund KGAL Core 4. The seller is Legal & General Investment Management Limited. The building offers a total of approximately 47,600 square feet of leasable space.
“We continually monitor market conditions and we are convinced that now is a good time to invest in London again,” comments André Zücker, Managing Director and head of real estate of KGAL Investment Management. “101 St Martin’s Lane, a light-filled office building, is not only promising because of London’s market potential, but it also impresses with its location in the heart of trendy Covent Garden district. We are confident that our experience in the London market and our active management approach will enable us to generate an attractive return for our clients.”
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