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Commerz Real acquires environmentally sustainable office scheme in Birmingham

With its acquisition of the One Snowhill office scheme, Commerz Real just deepened its commitment in the United Kingdom. The property, which is earmarked for the "hausIn-vest europa" open-ended real estate fund, boasts a globally recognised BREEAM (BRE Environmental Assessment Method) sustainability certificate rated "excellent." The total investment volume for the building, which was completed in 2009 and comes with a gross lettable floor area of around 24,500 sq m, approximates 130.4 million euros. Seller was the internationally active project developer Ballymore. “Its site, fit-out, and green-building qualities make this property one of the top locations in Birmingham. It is almost fully let,” said Hans-Joachim Kühl, Member of Com...[…]
Photos: Thomas von Stetten/Fotolia