RREEF Spezial Invest, a set of global funds managed by the alternative investments division of Deutsche Bank, has acquired two properties in the UK and one in France for a combined €100million.
It has bought a prime London office building in London for around €55 million from the Grosvenor London Office Fund and a logistics center near the M20 motorway outside of UK town, Maidstone, for €18 million from Aviva Investors.
In addition, the fund has bought an office in La Defense, Paris, for €25 million from GE Real Estate.
Georg Allendorf, a managing director at RREEF, said in a statement that European office and logistics properties in good locations and of medium size were ideal for RREEF Spezial Invest investments’ funds.
“The current market conditions present excellent opportunities for us to obtain high quality properties for our clients at competitive pricing,” he added.
RREEF Spezial Invest GmbH currently manages five special funds for institutional clients with assets worth around € 1.7 billion.