Asset Class
The "Office" asset class refers to commercial real estate that is used for office use. These properties can be used by various types of organizations such as corporations, government agencies and non-profit organizations to provide workspaces for employees. Typically, this asset class includes various types of office buildings, including high-rise buildings, business parks and campus-type facilities.
Assets under Management, Office
Active Office Investments
| Country | Type | Asset Name | Year acquired | Estimated IRR (%) | Estimated Multiple |
|---|---|---|---|---|---|
| Luxembourg | Core | Wooden | 2022 | 8.1 | 1.7 |
| Switzerland | Core | Messerli Office & Logistics | 2009 | 7.3 | 1.3 |
| Germany | Core plus | Red Gehry | 2019 | 6.6 | 1.4 |
Sold Office Investments (Excerpt)
| Country | Type | Asset Name | Year acquired | Year sold | Net IRR (%) | Net Multiple |
|---|---|---|---|---|---|---|
| USA | Core | 10 UN | 2011 | 2015 | 12.5 | 1.3 |
| Switzerland | Core | T-Systems | 2005 | 2016 | 8.4 | 1.8 |
| Switzerland | Core | Portikon | 2009 | 2017 | 10.2 | 1.8 |
