AM alpha and a German pension fund make a joint investment in Glasgow
 
Jan 22, 2020
Category:

• Successful acquisition of office property in the Central Business District
• Focus remains on European value-add investments

Munich, January 16, 2020 --( ASIA TODAY )-- The Munich-based family office AM alpha, which specializes in joint real estate investments with private and institutional investors, announces the acquisition of a Glasgow office property that was effected in the middle of last year.

Constructed in a sophisticated architectural style in 2004, the nine-story office building is situated in a prime location and offers approx. 7,360 m² of rental space as well as 31 parking spaces. At present, the building is rented out to the international insurance group Chubb Services and the design and engineering services provider Atkins.

Located in the International Financial Services District (IFSD), a submarket of the CBD, the property has excellent transport connections. Via the M8 motorway, which runs from Glasgow to Edinburgh, the airport can be reached in approx. 15 minutes. The central train station is less than 10 minutes on foot. Thanks to its exposed location on the river Clyde, the property can also be reached via the bicycle path running along the riverbank.

In regards to the investment strategy, Martin Lemke, Managing Director of AM alpha, explains: “The acquisition in Glasgow underlines our macroeconomic factor-based investment approach which is not swayed by temporary occurrences. Glasgow is undergoing a highly positive development, not least thanks to various strategic measures taken by the city council. Above-average corporate growth and a significant decline in unemployment are evidence of this. In contrast to other big cities in the United Kingdom, small and medium-sized companies are also growing and the upswing translates into lively demand for office space in all size ranges. This market environment is particularly attractive when it can be combined with added value opportunities through active asset management, which is the case here.” Aside from Europe, AM alpha also concentrates on value-based investments in the Asia-Pacific region.

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AM alpha Kapitalverwaltungsgesellschaft mbH
Sendlinger Strasse 7 | 80331 Munich | Germany
Tel: (+49) 89 550 6989 89, Fax: (+49) 89 550 6989 99
Martin Lemke, m.lemke@am-alpha.com

ABOUT AM ALPHA
AM alpha is a Munich based privately owned real estate family office that focuses on global investments in prime real estate on its own account and on behalf of family offices, private clients and endowments in Europe and Asia. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region.