Deka Immobilien Acquires Prime Office Building in London’s St James’s

Deka Immobilien has acquired the Stirling Square office building in London’s West End on behalf of the WestInvest InterSelect open-ended real estate fund.

The property was purchased from a fund managed by Tristan Capital Partners and Greycoat. The parties have not disclosed the transaction value.

Located in the St James’s district overlooking Buckingham Palace, the seven-storey office building provides approximately 8,700 sqm of lettable space. Designed by architect Sir James Stirling, the building occupies a rare island site and includes rooftop terraces with views across Buckingham Palace and the surrounding parks.

Originally completed in 1999, the property was refurbished in 2016 and again in 2022. It is fully leased on long-term agreements to four tenants.

St James’s is one of London’s established office and mixed-use districts, combining office buildings with luxury retail, hospitality and cultural institutions. The property is within walking distance of Piccadilly Circus Underground station.

According to Deka Immobilien, the acquisition supports the WestInvest InterSelect fund’s strategy of reinvesting capital generated through investor inflows and asset sales into core properties in established international markets. The company also cited the building’s fully leased status and potential for future rental growth as key factors behind the investment decision.