2015 Media Releases

December 2, 2015

Deutsche Asset & Wealth Management acquires office building on Adelaide Street, central Brisbane for German fund

Deutsche Asset & Wealth Management (Deutsche AWM) has announced that it has acquired 313 Adelaide Street, Brisbane on behalf of one of its German funds, the first investment for the fund into the Asia Pacific region.

The Grade A office building comprises 21 floors of office, retail and basement car park consisting of over 14,000 square meters. Built in 1986, the property underwent significant capital works in 2012 including a new fit-out and refurbishment to all office levels, lobby upgrade and new plant & equipment. It operates with excellent sustainability credentials recording a 5 Star NABERS Energy rating.

The building occupies a prime CBD Brisbane location with close proximity to public transportation hubs. It is strategically positioned within the most active precinct of the CBD surrounded by significant development and urban renewal projects.

“We are pleased to add this Grade A property to our fund portfolio,” said Rahul Ghai, Head of Real Estate, South East Asia for Deutsche AWM. He added, “Improving demand conditions have made the Brisbane office market appealing for our fund strategy and investment objectives.”

For further information, please contact:

Mia Popplewell                                   
Tel: +612 8258 2092  
e-mail: mia.popplewell@db.com       

Deutsche Asset & Wealth Management – Real Estate

Deutsche Asset & Wealth Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business has more than 450 employees around the world and US$51.1/ €45.7 billion in assets under management as of September 30, 2015, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver attractive long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide. To learn more about Deutsche Asset & Wealth Management's real estate investment capabilities, go to www.deutscherealestate.com
An investment in real estate involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses.

Deutsche Asset & Wealth Management

With USD 1.22 / EUR 1.09 trillion of assets under management (as of September 30, 2015), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.

¹ Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.


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Last Update: January 31, 2018
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