Expertise

Portfolio

Portfolio Overview as of December 31, 2016*

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.

 

 

Core Portfolio

 

As of December 31, 2016*

Germany

UK

France

Total Core Portfolio

Other

Total


Number of Properties

11

5

4

20

10

30

Area (square meters)

154,293

46,520

32,075

232,888

134,190

367,078

Weighted Average Lease Term to Expiry (years)

7.6

7.1

4.3

6.8

3.5

6.2

Occupancy

88%

98%

100%

92%

69%

84%

% of Rental Income
(based on rent roll)

41%

26%

16%

83%

17%

100%

Market Value ($ in millions)

877

532

332

1,741

238

1,978

Market Value (% of total)

44%

27%

17%

88%

12%

100%

As of December 31, 2016

Number of Properties

Germany: 11

UK: 5

France: 4

Total Core Portfolio: 20

Other: 10

Total: 30

Area (square meters)

Germany: 154,293

UK: 46,520

France: 32,075

Total Core Portfolio: 232,888

Other: 134,190

Total: 367,078

Weighted Average Lease Term to Expiry (years)

Germany: 7.6

UK: 7.1

France: 4.3

Total Core Portfolio: 6.8

Other: 3.5

Total: 6.2

Occupancy

Germany: 88%

UK: 98%

France: 100%

Total Core Portfolio: 92%

Other: 69%

Total: 84%

% of Rental Income (based on rent roll)

Germany: 41%

UK: 26%

France: 16%

Total Core Portfolio: 83%

Other: 17%

Total: 100%

Market Value ($ in millions)

Germany: 877

UK: 532

France: 332

Total Core Portfolio: 1,741

Other: 238

Total: 1,978

Market Value (% of total)

Germany: 44%

UK: 27%

France: 17%

Total Core Portfolio: 88%

Other: 12%

Total: 100%

 

*Adjusted for sales through March 1, 2017.

Portfolio Location

EuropeMap targetmarkets 01