Press release Commerz Real sells London office and commercial building Paternoster Square

Paternoster Square and the eponymous property benefit from the central and historic location in the heart of the City of London close to the nearby St. Pauls Cathedral. The building has five storeys with a total area of 1,897 square metres. Around 80 per cent of this is office space which is leased in the long term to the law firm Gateley, while the ground floor accommodates retail outlets. The property was completed in 2002 in the course of the Paternoster Square urban development and acquired for Hausinvest together with the neighbouring building “Paternoster House”.

Following the sale the fund will continue to be present in the United Kingdom. The largest property in the portfolio is Westfield London, Europe’s largest shopping mall with 250,000 square metres and nearly 300 stores. In addition, the fund owns “Paternoster House”, the office and retail property “180 Great Portland Street” in the British capital, the office building “Mann Island” in Liverpool, and the centrally located shopping centre “Victoria Square” in Belfast.