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Deutsche Asset Management completes sale of Fort Halstead, Kent, United Kingdom


Deutsche Asset Management (Deutsche AM) today announced the sale of Fort Halstead, Kent, United Kingdom on behalf of one of its institutional funds. This concludes the second phase of the disposal of this property, achieving a total price of GBP 67.8 million.



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London, 22 May 2017

Deutsche Asset Management (Deutsche AM) today announced the sale of Fort Halstead, Kent, United Kingdom on behalf of one of its institutional funds. This concludes the second phase of the disposal of this property, achieving a total price of GBP 67.8 million.

Purchased in 2005, the property occupies a 330 acre site in Sevenoaks, predominantly used by the military. Located five miles south east of London, Sevenoaks is considered a strong commuter location serving London’s key rail stations, and within the main orbital motorway, the M25. Positioned within the Green Belt and the Kent Downs AONB (Area of Outstanding Natural Beauty), it is considered an attractive, high quality environment.

Deutsche AM executed a number of objectives set out in the business plan which included obtaining planning permission for a mixed use development for the site.

James Petit, Head of Real Estate, UK and Ireland at Deutsche Asset Management said, ‘The successful implementation of the business plan by our asset management team has resulted in a positive result for all parties involved.’

Deutsche AM’s global real estate business currently holds 50.0 million euros in assets under management as of December 31, 2016.



For further information, please contact:
Nick Bone
Tel: +44 207 547 2603
e-mail: nick.bone@db.com



Deutsche Asset Management - Real Estate
Deutsche Asset Management’s real estate investment business has been investing in real estate assets for more than 45 years. As part of the Alternatives platform, this business has more than 410 employees around the world and US$50.0 / €52.8 billion in assets under management as of December 31 2016, 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. To learn more about our real estate investment capabilities, go to www.deutscherealestate.com

An investment in infrastructure 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. No assurance can be given that investment objectives will be achieved.

Past performance is not a guarantee of future results. Forecasts are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect. Confidential. For Professional Client MiFID Directive 2004/39/EC Annex II) only. For institutional investors only.




Deutsche Asset Management
With EUR 723 billion of assets under management (as of March 31, 2017), Deutsche Asset Management¹ is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.

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


Deutsche Asset Management represents the asset management activities conducted by Deutsche Bank AG or any of its subsidiaries.



Last Updated: 3/19/2018