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 March 31, 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

143,357

93%

95%

6.9

7.0

1,104

47%

45%

UK

5

28,893

95%

97%

7.3

7.3

550

24%

22%

France

4

32,075

100%

100%

3.0

3.0

365

16%

18%

Other Countries2

2

42,078

97%

97%

6.7

6.7

208

9%

11%

Total Office Portfolio

20

246,403

95%

96%

6.3

6.3

2,227

96%

96%

Other Asset Classes3

5

77,055

55%

55%

5.4

5.4

102

4%

4%

Total

25

323,458

85%

86%

6.2

6.3

2,329

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 March 31, 2018*

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: 143,357

UK: 28,893

France: 32,075

Other Countries2: 42,078

Total Office Portfolio: 246,403

Other Asset Classes3: 77,055

Total: 323,458

Occupancy

Germany: 93%

UK: 95%

France: 100%

Other Countries2: 97%

Total Office Portfolio: 95%

Other Asset Classes3: 55%

Total: 85%

Proforma Occupancy

Germany: 95%

UK: 97%

France: 100%

Other Countries2: 97%

Total Office Portfolio: 96%

Other Asset Classes3: 55%

Total: 86%

Weighted Average Lease Term to Expiry (years)

Germany: 6.9

UK: 7.3

France: 3.0

Other Countries2: 6.7

Total Office Portfolio: 6.3

Other Asset Classes3: 5.4

Total: 6.2

Proforma Weighted Average Lease Term to Expiry (years)

Germany: 7.0

UK: 7.3

France: 3.0

Other Countries2: 6.7

Total Office Portfolio: 6.3

Other Asset Classes3: 5.4

Total: 6.3

Real Estate Portfolio Value ($ millions)

Germany: 1,104

UK: 550

France: 365

Other Countries2: 208

Total Office Portfolio: 2,227

Other Asset Classes3: 102

Total: 2,329

Real Estate Portfolio Value (% of total)

Germany: 47%

UK: 24%

France: 16%

Other Countries2: 9%

Total Office Portfolio: 96%

Other Asset Classes3: 4%

Total: 100%

Contractual Rent (% of total)

Germany: 45%

UK: 22%

France: 18%

Other Countries2: 11%

Total Office Portfolio: 96%

Other Asset Classes3: 4%

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

portfolio location