CDC Investissement Immobilier (CDC II) is investing for the first time in London with the purchase, in joint-venture with Royal London Asset Management (RLAM), of an office building located on the northern edge of the City. CDC II wants to build up a long-term portfolio in London.
We are delighted to be completing our first deal in London, a key market in our recent international development strategy, in a joint-venture with an investor partner such as Royal London. This building is representative of our property strategy: human-sized, with strong features and located on a major transport hub in a dynamic mixed-use area in the centre of a major metropolis.
Lucas Mignot, Director of International Investments - CDC II
CDC Investissement Immobilier is the property asset management subsidiary of Caisse des Dépôts. It manages a portfolio of more than €9bn of assets on behalf of the Institution, mainly comprising offices, rent housing, shops, hotels and logistics platforms.