This content is from: Innovation

Degi Int’l Gets £60M For U.K. Office

Degi International, an open-ended real estate fund of Germany’s Aberdeen Immobilien Kapitalanlagegesellschaft, has sold an office building in London, U.K.

Degi International, anopen-ended real estate fundof Germany’s Aberdeen Immobilien Kapitalanlagegesellschaft,has sold an office building in London, U.K., PropertyEU reports. The property, known as the Alder Castle, was sold for £60 million.

The name of the buyer has not been disclosed. The London property, which was built in 1999, was acquired by Degi in November 2003. Aberdeen is also preparing further disposals of the fund’s 37 property strong portfolio.

Click here for the story from PropertyEU.

Related Content