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 December 31, 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

9

143,130

95%

96%

7.0

7.2

1,074

48%

45%

UK

5

28,893

95%

97%

7.5

7.6

529

23%

21%

France

4

32,075

100%

100%

3.3

3.3

355

16%

18%

Other Countries2

2

42,078

97%

97%

6.8

6.8

202

9%

11%

Total Office Portfolio

20

246,176

96%

97%

6.4

6.5

2,160

96%

95%

Other Asset Classes3

5

77,054

55%

55%

5.6

5.6

98

4%

5%

Total

25

323,230

86%

87%

6.4

6.5

2,259

100%

100%

* Based on rent roll. 1) Portfolio areas reflect contractual rentable areas. 2) Other Countries include Portugal and the Netherlands. 3) Other Asset Classes include retail, industrial and hotel (Net lease).

Portfolio Overview

As of December 31, 2017*

Number of Assets

Germany: 9

UK: 5

France: 4

Other Countries2: 2

Total Office Portfolio: 20

Other Asset Classes3: 5

Total: 25

Area (square meters)1

Germany: 143,130

UK: 28,893

France: 32,075

Other Countries2: 42,078

Total Office Portfolio: 246,176

Other Asset Classes3: 77,054

Total: 323,230

Occupancy

Germany: 95%

UK: 95%

France: 100%

Other Countries2: 97%

Total Office Portfolio: 96%

Other Asset Classes3: 55%

Total: 86%

Proforma Occupancy

Germany: 96%

UK: 97%

France: 100%

Other Countries2: 97%

Total Office Portfolio: 97%

Other Asset Classes3: 55%

Total: 87%

Weighted Average Lease Term to Expiry (years)

Germany: 7.0

UK: 7.5

France: 3.3

Other Countries2: 6.8

Total Office Portfolio: 6.4

Other Asset Classes3: 5.6

Total: 6.4

Proforma Weighted Average Lease Term to Expiry (years)

Germany: 7.2

UK: 7.6

France: 3.3

Other Countries2: 6.8

Total Office Portfolio: 6.5

Other Asset Classes3: 5.6

Total: 6.5

Real Estate Portfolio Value ($ millions)

Germany: 1,074

UK: 529

France: 355

Other Countries2: 202

Total Office Portfolio: 2,160

Other Asset Classes3: 98

Total: 2,259

Real Estate Portfolio Value (% of total)

Germany: 48%

UK: 23%

France: 16%

Other Countries2: 9%

Total Office Portfolio: 96%

Other Asset Classes3: 4%

Total: 100%

Contractual Rent (% of total)

Germany: 45%

UK: 21%

France: 18%

Other Countries2: 11%

Total Office Portfolio: 95%

Other Asset Classes3: 5%

Total: 100%


 
*Based on rent roll. 1) Portfolio areas reflect contractual rentable areas. 2) Other Countries include Portugal and the Netherlands. 3) Other Asset Classes include retail, industrial and hotel (Net lease).

Portfolio Location

TargetMarkets