DWS today announced it has exchanged contracts to acquire three residential properties within the development known as "Royal Albert Wharf" in East London for one of its institutional real estate funds, in an off-market transaction.
The fully let new residential properties in the Royal Docks, completed in 2020, are located directly on the River Thames and not far from London City Airport. With a lettable area of around 12,300 m², the three properties comprise of 182 residential units. The properties are primarily aimed at young professionals and families and, due to its location, are very well connected to Canary Wharf and the City of London.
The seller is Folio London, the PRS arm of Notting Hill Genesis. Savills Operational Capital Markets advised the vendor on the transaction.
As the institutionalisation of the European residential market continues, investors can leverage DWS's extensive track record built over 15 years of investing in this sector. With its in-house research, established local presence and market access in key European markets, DWS is able to assist its clients with an understanding of these diverse real estate markets.
Mike Hill, Head of Real Estate Transactions, UK and Ireland, DWS, said: “This acquisition is a testament to our strategy to focus on high quality real estate investments offering stable cash flows and a sustainable occupancy level for our investors. We remain interested in promising acquisitions in the residential, logistics and office sectors.”
For further information please contact:
Nick Bone
+44 (0) 207 547 2603
nick.bone@dws.com
DWS - Real Estate
DWS has been investing in real estate assets for 50 years. As part of the Alternatives platform, the real estate business has more than 450 employees around the world and EUR 76 billion in assets under management as of December 31, 2021. Providing a diverse range of strategies and solutions across the risk/return and geographic spectrums, we offer core and value-added real estate, real estate debt, real estate securities and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver attractive long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide.
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 928bn of assets under management (as of 31 December 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.
DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping navigate the transition to a more sustainable future. With approximately 3,600 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times. We are investors for a new now – entrusted to build the best foundation for our clients’ financial future.