Press Release
Deka-Immobilien Manager Selektion Europa fund of funds invests in logistics fund
Frankfurt, 10.04.2025
Deka Immobilien has invested EUR 16 million in the target fund Savills IM European Logistics Fund III for its Deka-Immobilien Manager Selektion Europa fund of funds.
The Deka-Immobilien Manager Selektion Europa fund invests extensively in carefully selected target funds in the office, logistics, retail and hotel segments in Europe. The fund of funds currently has an occupancy rate of 93.3 percent and is invested in over 330 properties in Europe via its target funds.
The fund is aimed exclusively at institutional investors, offering them rapid diversification across countries, sectors, properties, strategies and managers. The fund management pursues an active portfolio management strategy as opposed to a pure buy and hold strategy, only investing in third-party funds outside the Deka Immobilien range. The fund management can also make use of the secondary market to purchase or sell target funds. There, pricing takes place individually between the seller and the buyer, meaning that unit prices above or below the Net Asset Value can occur and any price advantages can be exploited.
The fund of funds has currently subscribed to 14 real estate funds with net assets of almost EUR 240 million, these funds being managed by 12 fund managers.
About Deka
Deka Group, consisting of DekaBank Deutsche Girozentrale and its subsidiaries, is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). With total customer assets under management of 416 billion euros (as at 31.12.2024) and 5.7 million securities accounts, it is one of the largest securities service providers and real estate asset managers in Germany. Deka Group offers investment solutions and services for private and institutional investors and aligns its products with the requirements of its owners, the savings banks.
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 EUR 51 billion (as at 31/12/2024) in real estate assets.
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