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

 

Office Portfolio

As of September 30, 2018*

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

9

143,404

95%

95%

6.5

6.6

1,078

52%

50%

UK

5

28,893

100%

100%

6.9

6.9

514

25%

24%

France

4

32,089

100%

100%

4.1

4.1

363

18%

19%

Total Office Portfolio

18

204,386

96%

97%

6.1

6.2

1,955

95%

93%

Other Asset Classes2

5

77,250

97%

97%

6.7

6.7

100

5%

7%

Total

23

281,636

97%

97%

6.1

6.2

2,055

100%

100%

 
 

* Based on rent roll. 1) Portfolio areas reflect contractual rentable areas. 2) Other Asset Classes include retail, industrial and hotel (Net lease).

Portfolio Overview

As of June 30, 2018*

Number of Assets

Germany: 9

UK: 5

France: 4

Portugal (Held for Sale): 1

Total Office Portfolio: 19

Other Asset Classes2: 5

Total: 24

Area (square meters)1

Germany: 143,404

UK: 28,893

France: 32,089

Portugal (Held for Sale): 4,325

Total Office Portfolio: 208,711

Other Asset Classes2: 77,250

Total: 285,961

Occupancy

Germany: 95%

UK: 100%

France: 100%

Portugal (Held for Sale): 75%

Total Office Portfolio: 96%

Other Asset Classes2: 87%

Total: 94%

Proforma Occupancy

Germany: 95%

UK: 100%

France: 100%

Portugal (Held for Sale): 75%

Total Office Portfolio: 96%

Other Asset Classes2: 97%

Total: 96%

Weighted Average Lease Term to Expiry (years)

Germany: 6.8

UK: 7.1

France: 4.3

Portugal (Held for Sale): 2.0

Total Office Portfolio: 6.3

Other Asset Classes2: 6.8

Total: 6.3

Proforma Weighted Average Lease Term to Expiry (years)

Germany: 6.8

UK: 7.1

France: 4.3

Portugal (Held for Sale): 2.0

Total Office Portfolio: 6.3

Other Asset Classes2: 6.9

Total: 6.4

Real Estate Portfolio Value ($ millions)

Germany: 1,085

UK: 521

France: 366

Portugal (Held for Sale): 14

Total Office Portfolio: 1,986

Other Asset Classes2: 101

Total: 2,087

Real Estate Portfolio Value (% of total)

Germany: 52%

UK: 25%

France: 18%

Portugal (Held for Sale): 1%

Total Office Portfolio: 96%

Other Asset Classes2: 4%

Total: 100%

Contractual Rent (% of total)

Germany: 50%

UK: 24%

France: 19%

Portugal (Held for Sale): 1%

Total Office Portfolio: 94%

Other Asset Classes2: 6%

Total: 100%


 
*Based on rent roll. 1) Portfolio areas reflect contractual rentable areas. 2) Other Asset Classes include retail, industrial and hotel (Net lease).

Portfolio Location

portfolio location