Urgent Sales in the UKIn the past 2 weeks it has sold a 155,000 sq ft central London office building known as Senator House in Queen Victoria Street for £70 million to US private equity firm Angelo Gordon and Marlow International, a 13 acre campus office site at Marlow with 231,000 sq ft of Grade A office space for £50 million.
It used Newton Perkins for the former sale and Knight Frank for the latter, and CBRE in Munich for a low profile, to keep tongues from wagging.
Urgent sales in GermanyIn Germany, in May, Avestus sold Maximilianhöfe, widely considered to be one of the most prestigious mixed-use properties in Munich for an undisclosed sum.
Fergus Farrell, Principal of Avestus Capital Partners, said “Maximilianhöfe is an exceptional asset and has performed very well during our ownership. Having managed to significantly improve the profile of the tenant base, we are taking advantage of strong investor demand for high quality assets like Maximilianhöfe in the current market.”