Press release Commerz Real sells London office and commercial building Paternoster Square

07.06.2024 4 Reading Time



  • Central location and fully leased

  • Portfolio optimisation for hausInvest
Commerz Real has sold the fully-leased office and commercial building “Paternoster Square” in London in the course of the portfolio optimisation of its open-ended real estate fund Hausinvest. The buyer in the framework of an off-market transaction is the British investment management platform CLI Dartriver in conjunction with several European family offices. It was agreed that confidentiality be maintained regarding the purchase price.
We have utilised the ongoing high demand for properties in excellent locations to achieve a very good result for our investors.
Maja Procz
Global Head of Transactions at Commerz Real AG

Paternoster Square and the eponymous property benefit from the central and historic location in the heart of the City of London close to the nearby St. Pauls Cathedral. The building has five storeys with a total area of 1,897 square metres. Around 80 per cent of this is office space which is leased in the long term to the law firm Gateley, while the ground floor accommodates retail outlets. The property was completed in 2002 in the course of the Paternoster Square urban development and acquired for Hausinvest together with the neighbouring building “Paternoster House”.

Following the sale the fund will continue to be present in the United Kingdom. The largest property in the portfolio is Westfield London, Europe’s largest shopping mall with 250,000 square metres and nearly 300 stores. In addition, the fund owns “Paternoster House”, the office and retail property “180 Great Portland Street” in the British capital, the office building “Mann Island” in Liverpool, and the centrally located shopping centre “Victoria Square” in Belfast.

About Commerz Real Group

Commerz Real, a Commerzbank Group company, stands for 52 years of market experience and a managed volume of around {{assetundermanagement}} billion euros. It combines comprehensive asset management know-how and broad structuring expertise to create its characteristic range of services comprising asset-oriented fund products and customised financing solutions. The range of funds includes the open-ended property fund Hausinvest, the first private investor impact fund with a real asset focus Klimavest, institutional investment products and entrepreneurial investments under the CFB Invest brand.

Media contact

Commerz Real and real estate

Gerd Johannsen