Deka Immobilien acquires a high-street retail property in Montreal

 
Frankfurt, 06.11.2026

Deka Immobilien has acquired a prime high-street retail property in downtown Montreal. The property serves as Apple Canada´s local flagship store. The seller is a U.S. based family office. It will be added to the portfolio of the open-ended Deka-ImmobilienGlobal real estate fund. The parties have agreed not to disclose the purchase price.
 
Built in 1896, the building features a historic, heritage-listed natural stone façade and offers 3,329 square meters of leasable space across four floors. The property is leased in its entirety to Apple on a long-term basis and was extensively renovated in 2025. It is located at the corner of Sainte-Catherine Street West and De La Montagne Street in the city’s premier shopping district, directly across from the luxury department store “Holt Renfrew Ogilvy” and in direct proximity to luxury hotels such as the “Four Seasons”. As part of the large-scale “Sainte-Catherine Street West” urban development project, the City of Montreal is currently transforming the historic retail corridor into a pedestrian-friendly promenade. The project is designed to enhance the appeal of its main shopping street and make the area an even more attractive shopping destination.
 
In addition to Edmonton and Vancouver, the fund management is expanding its Canadian real estate portfolio into Montreal, adding a further prime location and introducing high-street retail to its mix of use types. The acquisition also strengthens the portfolio with a property that offers a long-term, secured income stream. It is funded in part by proceeds generated by the fund, including from sales completed this year.

DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners 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 EUR 50 billion (as at 31/12/2025) in real estate assets.