Deka Immobilien has acquired an office building in Paris for close to EUR 144 million. The seller is the French real estate company Société Foncière Lyonnaise. The property will be added to the portfolio of the open-ended real estate fund WestInvest InterSelect.
The prestigious “9 Percier” office building has an art deco façade, was built in 1929 and extensively renovated between 2016 and 2019. The property offers close to 6,300 m² of leasable space and eight parking spaces. The space is leased to eight tenants, with the Swiss insurance group Helvetia being the main tenant. The high quality building is located in the middle of the central business district of Paris in the 8th arrondissement and offers very good access by public and private transport.
The property has received British BREEAM “Very Good” certification for sustainable construction.
This acquisition allows the fund management of WestInvest InterSelect to secure a high quality property in a top location that promises to provide a secure stream of income.
DekaBank is the Wertpapierhaus (securities services provider) of the German Savings Banks Finance Group. Together with its subsidiaries it forms Deka Group, which has total customer assets of around EUR 323 billion (as at 30/09/2020) and around 4.9 million securities accounts, making it one of the largest securities services providers and real estate asset managers in Germany. It provides retail and institutional clients access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe and designs its portfolio of products and services to meet the requirements of its shareholders and sales partners in the securities business.
The Deka Group’s global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for around EUR 43 billion in real estate assets (as at 31/12/2020).
Immobiliengeschäft private und institutionelle Kunden, Immobilienfinanzierung, Nachhaltigkeit