Expertise

Portfolio

Portfolio Overview as of March 31, 2017

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 March 31, 2017*

Germany

UK

France

Total Core Portfolio

Other

Total


Number of Properties

11

5

4

20

10

30

Area (square meters)

154,294

46,520

32,075

232,888

134,187

367,075

Weighted Average Lease Term to Expiry (years)

7.3

6.8

4.0

6.5

3.3

5.9

Occupancy

88%

99%

100%

92%

69%

84%

% of Rental Income
(based on rent roll)

41%

26%

16%

83%

17%

100%

Market Value ($ in millions)

891

539

337

1,766

241

2,008

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: 154,294

UK: 46,520

France: 32,075

Total Core Portfolio: 232,888

Other: 134,187

Total: 367,075

Weighted Average Lease Term to Expiry (years)

Germany: 7.3

UK: 6.8

France: 4.0

Total Core Portfolio: 6.5

Other: 3.3

Total: 5.9

Occupancy

Germany: 88%

UK: 99%

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: 891

UK: 539

France: 337

Total Core Portfolio: 1,766

Other: 241

Total: 2,008

Market Value (% of total)

Germany: 44%

UK: 27%

France: 17%

Total Core Portfolio: 88%

Other: 12%

Total: 100%

 

 

Portfolio Location

EuropeMap targetmarkets 01