Europe
Completion of the development is scheduled for the second quarter of 2025, coinciding with the opening of the future line 15 of the Grand Paris Express.
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