Press Release

Deka Immobilien purchases logistics portfolio in Germany

11.07.2017


As part of a sale and leaseback transaction, Deka Immobilien GmbH has secured a DSV portfolio of three German properties under a purchase agreement. The seller is the international Danish logistics company DSV. The properties will be added to the portfolio of the open-ended real estate fund WestInvest InterSelect. The parties agreed not to disclose the purchase price.

The portfolio includes two logistics halls in Homburg (Saar) and Peine that were completed in 2016 and 2017 and a development project in Bochum, which is scheduled to be completed in the third quarter of this year. The properties offer around 85,000 m² of leasable space and 231 truck and 263 car parking spaces, and have good access to the motorway network. They are fully leased under long-term leases to the DSV A/S Global Transport and Logistics group, which was established in 1976. The Homburg property has received DGNB Gold certification for sustainable construction. Applications for the same certification have been submitted for Peine and Bochum.

The purchase allows the Fund to increase the regional and sectoral diversification of its German portfolio with three modern buildings that offer a secure long-term cash flow.

About Deka

DekaBank is the Wertpapierhaus (securities services provider) of the German Savings Bank Finance Group. Together with its subsidiaries it forms the Deka Group. The Deka Group has total customer assets of around EUR 283 billion (as at 31/12/2017) and more than four million securities accounts, making it one of the largest securities services providers and real estate asset managers in Germany today. It provides retail and institutional clients access to a wide range of investment products and services. DekaBank Deutsche Girozentrale celebrates its 100th anniversary in 2018.

The Deka Group’s global real estate expertise is pooled in its Real Estate Division. The two investment companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH, and the service company, Deka Immobilien GmbH, manage and service around EUR 32 billion in real estate assets (as at 31/12/2017).

Your contact

Dr. Daniela Gniss

Press officer

T +49 69 7147 2188

daniela.gniss@deka.de

Christian Pommée

Press officer

T +49 69 7147 7761

christian.pommee@deka.de