Europe
The current passing rent is £7.30 per sq ft on average versus a £10.90 per sq ft estimated rental value (ERV).
This deal marks Blackbrook’s first investment in Germany, and the eighth market the firm has entered since its launch in 2020.
The building is let to 12 companies, including Deutsche Börse, Netflix, the Embassy of Monaco and law firm Norton Rose Fulbright.
Business Expectations Index weakened slightly in March, to 109.2 points, from 111.5 points in February
This deal brings the EU one step closer to completing the “Fit for 55” legislation to deliver the European Green Deal and the REPowerEU objectives.