Hamburg, 29. June 2018 – TH Real Estate, on behalf of Warburg-HIH Invest, has sold an office property held in one of its club deal investment funds to a private Hong Kong based investor, for an undisclosed sum. Revitalised in 1996, the historic building on Queen Street in a premium location in the City of London has a gross lettable area of 6,358 square metres and is fully occupied. Having been sold after four-and-a-half years of ownership, the investment earned a total return of circa 12.4 percent (IRR) p.a. and thereby significantly exceeded the original forecast of 5.8 percent (IRR).
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