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RREEF Purchase Three Buildings, Spends $142M

LONDON-The company has added two office buildings and one industrial property to its European portfolio.

By Katie Hinderer | Updated on July 16, 2009

LONDON-RREEF Spezial Invest GmbH, a subsidiary of RREEF Alternative Investments, has spent nearly $142 million on the purchase of three buildings. According to an article in PropertyEU , the properties are in London and Paris.

In London, RREEF now owns 25 Moorgate, an office building containing 73,195 square feet of office space and 7,535 square feet of restaurant space. The property, previously owned by Grosvenor London Office Fund sold for roughly $78 million.

RREEF also purchased a logistics center outside the city. The 236,806-square-foot building is leased and managed by DHL Corp., a fresh produce company. Aviva Investors sold the building for $26 million.

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