We focus predominantly on investing in prime office properties in our core markets of Germany, the United Kingdom and France. We believe these are not only the largest economies in Europe, but the largest, most established, liquid and among the most stable office markets in Europe.

Portfolio Overview

 

Core Portfolio

As of September 30, 2017*

Number of Assets

Area (square meters)1

Occupancy

Proforma Occupancy

Weighted Average Lease Term to Expiry (years)

Proforma Weighted Average Lease Term to Expiry (years)

Real Estate Portfolio Value ($ millions)

Real Estate Portfolio Value (% of total)

Contractual Rent (% of total)

Germany

11

153,463

91%

96%

7.2

7.4

1,023

46%

43%

UK

5

46,520

99%

99%

7.1

7.3

584

27%

26%

France

4

32,075

100%

100%

3.5

3.6

354

16%

17%

Total Core

20

232,057

94%

97%

6.4

6.6

1,962

89%

86%

Other2

6

111,902

68%

68%

6.2

6.2

243

11%

14%

Total

26

343,959

86%

88%

6.4

6.6

2,204

100%

100%


 
*Based on rent roll. 1) Portfolio areas reflect contractural rentable areas. 2) Other countries include Portugal and Netherlands and non-core assets in France, the UK and Germany.

Portfolio Overview

As of September 30, 2017*

Number of Assets

Germany: 11

UK: 5

France: 4

Total Core: 20

Other: 6

Total: 26

Area (square meters)1

Germany: 153,463

UK: 46,520

France: 32,075

Total Core: 232,057

Other: 111,902

Total: 343,959

Occupancy

Germany: 91%

UK: 99%

France: 100%

Total Core: 94%

Other: 68%

Total: 86%

Proforma Occupancy

Germany: 96%

UK: 99%

France: 100%

Total Core: 97%

Other: 68%

Total: 88%

Weighted Average Lease Term to Expiry (years)

Germany: 7.2

UK: 7.1

France: 3.5

Total Core: 6.4

Other: 6.2

Total: 6.4

Proforma Weighted Average Lease Term to Expiry (years)

Germany: 7.4

UK: 7.3

France: 3.6

Total Core: 6.6

Other: 6.2

Total: 6.6

Real Estate Portfolio Value ($ millions)

Germany: 1,023

UK: 584

France: 354

Total Core: 1,962

Other: 243

Total: 2,204

Real Estate Portfolio Value (% of total)

Germany: 46%

UK: 27%

France: 16%

Total Core: 89%

Other: 11%

Total: 100%

Contractual Rent (% of total)

Germany: 43%

UK: 26%

France: 17%

Total Core: 86%

Other: 14%

Total: 100%


 
*Based on rent roll. 1) Portfolio areas reflect contractural rentable areas. 2) Other countries include Portugal and Netherlands and non-core assets in France, the UK and Germany.

Portfolio Location

TargetMarkets