"Commerz Real just signed the deed for a new office scheme in Liverpool. The property is scheduled to be completed by Q1 2011, and is already fully pre-leased on a fixed 30-year lease. The building will house the Merseyside Integrated Transport Authority (MITA) which operates the public transport in the metropolitan area of Liverpool and the county of Merseyside. The investment volume of the acquisition, which is earmarked for the hausInvest europa open-ended real estate fund, approximates 52.5 million euros.
"Our plans include other real estate acquisitions in a volume between 1.0 and 1.5 billion euros on behalf of our open-ended real estate funds before the end of this year. The sound liquidity base of hausInvest europa puts us in a position to exploit attractive investment opportunities in the coming weeks and months," said Hans-Joachim Kühl, Board Member of Commerz Real and in charge of real estate acquisitions. "What finally tied our decision to commit in Liverpool, aside from the quality of the prestigious location, was the long-term lease of the entire building to a high-net-worth tenant."
The 13-storey scheme provides about 13,000 sqm in office space and more than 100 parking spaces, and will be raised on the Mann Island regeneration site. The area is part of the historic Albert Dock port, an UNESCO world heritage site. With its glass and granite façade, the building’s architecture will add present-day highlights to the historic setting.
The technical features of the building will be state-of-the-art and will fully satisfy today’s tenant requirements. Upon completion, the office scheme will also be certified with a BREEAM "Excellent" rating – the top environmental quality assessment for UK real estate" (CS della Società)
