Munich-based family office AM alpha, acting on behalf of several partners managed by a pension fund manager based in Hamburg, has completed the acquisition of Labs House.  

The recently refurbished property comprises 81,546 square feet of space arranged across multiple levels (lower level, ground floor and nine upper storeys) with excellent natural light coming in from all sides throughout the building. The property is a long-term single let to Labs Worldwide. 

Martin Lemke, Managing Director at AM alpha, commented: “Being one of the main global real estate markets, London is still attractively priced compared to a lot of other gateway cities and therefore remains our focus. One of the key reasons for pursuing this long-term, income-producing acquisition in London is our conviction that the shared office concept will evolve stronger out of the pandemic as tenants seek more flexibility. In this regard, the concept of LabTech is a perfect fit that has also performed strongly during the pandemic. As in the rest of Europe, we intend to substantially grow our UK portfolio with further investments this year in the major cities across all sectors.” 

AM alpha was advised by CMS Cameron McKenna Nabarro Olswang, Knight Frank, Ernst & Young and Paragon.