Deutsche Asset & Wealth Management’s (DeAWM) real estate investment
business today announced that it has acquired 350 and 450 East Las Olas
Boulevard, Fort Lauderdale, Florida on behalf of one of its clients.
The property, consisting of two towers, offers 468,000 square feet of
office and retail space in the central business district. The Centre
occupies approximately 3.4 acres and 600 feet of frontage on Las Olas
Boulevard in Downtown Fort Lauderdale.
The project, certified LEED Gold with the U.S. Green Building Council,
is one of very few options for trophy quality Class A office space in a
desirable location due to walking distance to shopping, restaurant and
entertainment precincts, as well as proximity to airports, highways and
executive housing.
“Las Olas Centre is a great addition to our portfolio. We believe Las
Olas Centre is the premier office asset in the market with exceptional
amenities including its retail tenancy. Our view is that the buildings'
improvements and central location in the Fort Lauderdale CBD will
continue to attract top tier tenants at market leading rents -
positioning the property to deliver strong long term returns for our
client,” said Todd Henderson, Head of Real Estate, Americas, at Deutsche
Asset & Wealth Management.
Deutsche Asset & Wealth Management – Real Estate
Deutsche Asset & Wealth Management’s real estate investment business
(formerly RREEF Real Estate) has been investing in real estate assets
for more than 40 years. As part of the Alternatives and Real Assets
platform, this business today has more than 450 employees around the
world and US$47.0 /€34.1 billion¹ in assets under management as of
December 31, 2013 , 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 superior
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.rreef.com.
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¹
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Excludes infrastructure securities assets under management, which
were previously reported under the RREEF Real Estate business.
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Deutsche Asset & Wealth Management
With $1.28 trillion of assets under management (as of December 31,
2013), 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.
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¹
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Deutsche Asset & Wealth Management is the brand name of the Asset &
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. I-034367-1.2
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