Deutsche Asset Management Acquires Joint Venture Interest in Menlo Park Office Project
NEW YORK–(BUSINESS WIRE)–Deutsche Asset Management’s Alternatives and Real Assets (ARA) business today announced that it has acquired a partial ownership interest in 80-85 Willow Road (Willow Park) in Menlo Park, CA, for one of its investment funds. The partnership was concluded with an affiliate of Embarcadero Capital Partners (ECP), a real estate investment, management and development firm focused on West Coast office properties.
Willow Park comprises two office buildings totaling 85,732 square feet in one of the most sought-after locations in the Bay Area for both businesses and residents. The project offers attractive features such as an open, park-like setting and low-rise, creative buildings that are in high demand with employees of technology and other innovative firms. Additionally, Willow Park offers excellent access to regional transportation systems including the Menlo Park and Palo Alto CalTrain stations, US-101 and Interstate 280, and is in close proximity to downtown Palo Alto, Stanford University and other amenity-rich town centers.
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Point72 Asset Management losing about 10% in January, Millennium Management on a hiring spree, and hedge fund industry's assets under management swell to nearly Read More
“The demand fundamentals across Silicon Valley continue to remain very strong,“ said Todd Henderson, Head of Real Estate in the Americas for ARA. “Willow Park is a unique asset strategically located in the dynamic Menlo Park market. We strongly believe that Willow Park will benefit from a cosmetic and mechanical upgrade focused on preserving the unique character and the amenities that make this property so attractive.”
Deutsche Asset Management – Real Estate
Deutsche Asset 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 today has more than 450 employees around the world, USD 51.1 billion in assets under management as of June 30, 2015, and offers a diverse range of strategies and solutions across the risk and 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 Management’s real estate investment capabilities, please 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 Management
With about USD 836 billion of assets under management (as of September 30, 2015), 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.
© 2016 Deutsche Asset Management. All rights reserved. 045339_1.0
Deutsche Asset Management
Catherine Wooters, +1-212-250-2790