We are seeking office properties in secondary (“B”) cities across Germany, and are also open to opportunities in the UK, Portugal, Spain, the Netherlands, Poland, and France. We will also consider assets in B or C locations, provided they are well-connected and close to public transport. Target acquisitions are priced at 11–14× annual rental income, depending on building age, condition, and tenant quality. We are focused on assets with: - 6+ year WAULTs, ensuring strong income stability - Public or private tenants, including government or institutional occupiers - Capacity for refurbishment, tenant fit-outs, or light asset management to enhance value - Assets that are off-market and priced at current market levels (no on-market listings or failed sale processes) - Also open to office-to-residential conversion opportunities where viable There is no maximum budget for assets in Germany. For other European markets, we target smaller assets up to €25 million, ideally with no more than 7 tenants (preferably around 5).