Investments in Europe, the Americas and Asia-Pacific
As one of Europe's leading real estate investment managers, we have a clear mandate: investing in the world of tomorrow.
The investment focus of Deka Immobilien is on office and commercial buildings, retail, logistics and hotels properties in the core and core plus segments. In line with our investment philosophy, we are primarily interested in portfolio properties and turnkey development projects ("forward purchases ").
Long-term income predictability, exacting criteria for location and sustainability and maximum fungibility of properties are an integral part of our acquisition due diligence.
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Here you can find the Acquisition Profiles in an overview.
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Our Acquisition Profiles in an overview:
Office
Investment volume
- Individual properties starting from 30 million euros
- Portfolios
Classification
- Core
- Core Plus
Locations
- Metropolitan and densely populated areas
- Established office locations
- Good access to local public transport
Properties
- Energy-efficient and sustainable properties, certified under internationally recognised labels
- Less than 15 years old
- Alternatively: last remodelling or renovation less than 10 years ago
- No maintenance backlog
- Possibly of third-party use
- Adequate number of parking spaces
Tenancy agreements
- Minimum average lease term (WALT) of 5 years; possible shorter term for excellent locations
- Minimum occupancy rate of 75 %; may be lower for outstanding properties.
- Creditworthy tenants
- Standard terms for indexation and operating expenses
A selection of our office investments
"Parkview" in Prague
This new office building is located in the Pankrác sub-market of the Prague 4 district and, having eight tenants, is almost fully leased. "Parkview" combines sustainable elements with modern technological innovations and has received LEED Platinum and WELL Health Safety certification.
Strategy: Core
Leasable area: approximately 16,000 m²
Closing: 2021
Portfolio: Mutual funds
Volume: approximately EUR 77 million
"Panta Rhei" in Düsseldorf
Seven-storey office building in the Airport City sub-market. Fully leased. GEA Group AG is the main tenant. The building has received LEED Gold certification and features spacious areas, a flexible floor plan and modern heating and cooling systems that help to make the property as energy- and cost-efficient as possible.
Strategy: Core
Leasable area: approximately 9,600 m²
Closing: 2021
Portfolio: Institutional fund
Ceresio 7/9 in Milan
The prestigious corporate headquarters of the designer fashion label "Dsquared2", acquired under a sale-and-leaseback transaction. The property occupies a central location in the vibrant Porta Volta district, not far from Milan's new CBD, Porta Nuova, and underwent extensive refurbishments in 2010 while retaining its original appearance.
Strategy: Core
Leasable area: approximately 8,200 m²
Closing: 2021
Portfolio: Mutual fund
"Terrace Tower" in Amsterdam
New, high-quality office building completed in 2020, offering good visibility in a prominent location on the east side of the Amsterdam CBD (Zuidas) and good access to public and private transport. Special feature: 8 of the 14 floors have direct access to green terraces. BREEAM "Excellent" certification.
Strategy: Core
Leasable area: approximately 16,800 m²
Closing: 2020
Portfolio: Mutual fund
Theodore 9 in Paris
The office building is located in the 9th arrondissement, near the Saint Lazare railway station, and was fully modernised between 2015 and 2017 while retaining its historical character. The property has received BREEAM "Very Good" and NF HQE Renovation "Excellent" certification, and is fully leased to the sporting goods manufacturer Adidas.
Strategy: Core
Leasable area: approximately 3,400 m²
Closing: 2020
Portfolio: Mutual fund
Volume: approximately EUR 80 million
Colombo 80 in Rome
This office property is located in the Greater EUR district, more precisely in the Colombo sub-market, and offers good access to public and private transport. The building houses a balanced mix of tenants, including office users with strong credit ratings, while the main tenant is PWC. After completion of the refurbishment at the end of 2020, the building received two certifications: BREEAM "Very good" and LEED Gold.
Strategy: Core plus
Leasable area: approximately 19,800 m², with 65 underground and 11 outdoor parking spaces
Closing: 2020
Portfolio: Institutional Mutual fund
"Clarges Mayfair" in London
The "Clarges Mayfair" building complex has received BREEAM "Excellent" certification. It is located in London's West End, next to Green Park and in the immediate vicinity of Buckingham Palace. The complex includes a high-quality office building with a restaurant and two adjacent retail units (including a Porsche flagship store).
Strategy: Core
Leasable area: over 6,000 m², including around 5,000 m² of office space
Closing: 2020
Portfolio: Mutual fund
Volume: GBP 177 million
"Generation Park Z" in Warsaw
This premium office building was completed in mid-2019 and is one of three buildings in the Generation Park complex located in the City Center West sub-market. Generation Park Z has received the highest possible rating LEED Platinum for Core & Shell. The building reflects the spirit of the current era and combines sustainable features with technological innovations. The tenants include the law firm Crido, business service provider Vistra and e-commerce platform Amazon.
Strategy: Core
Leasable area: approximately 19,000 m²
Closing: 2020
Portfolio: Mutual fund
Volume: EUR 98 million
"Stantec Tower" in Edmonton, Canada
The new building is approximately 251 meters tall, has received LEED Gold certification and is located in the newly developed ICE district in the heart of the city. The acquisition includes the lower 29 floors (office space, retail units and food hall) of the 69-storey "Stantec Tower", with a total of around 67,000 m² of leasable space and 617 parking spaces.
Strategy: Core plus
Closing: 2019 (29 of the total 66 floors)
Portfolio: Mutual fund
Volume: approximately EUR 315 million
12 rue d'Astorg in Paris, France
Representative trophy asset in an attractive location at the heart of Paris CBD. The main tenant of the historic town house is US law firm Goodwin Procter.
Strategy: Core
Leasable area: approximately 3,500 m²
Closing: 2020
Portfolio: Mutual funds
Baggot Plaza in Dublin, Ireland
Baggot Plaza is a high-quality, LEED-Gold certified office building in a central location that is fully leased to the Bank of Ireland until 2041.
Strategy: Core
Leasable area: approximately 12,000 m²
Closing: 2020
Portfolio: Mutual funds
Volume: around EUR 140 million
"HVPX" in Berlin
High-value property in a central location in Berlin-Mitte, close to the Gendarmenmarkt.
Strategy: Core
Leasable area: over 6200 m²
Closing: 2020
Portfolio: Mutual funds
"The Reflector" in Dublin
New office building in the Dublin Docklands with LEED Gold certification. 100% leased to four users.
Strategy: Core
Leasable area: over 11,500 m²
Closing: 2020
Portfolio: Mutual funds
Volume: Headline price EUR 153 million
Sainte Cécile, Paris, France
A multi-functional, modern office building located in the lively 9th arrondissement that is fully leased to BNP Paribas bank.
Strategy: Core
Leasable area: around 9400 m²
Closing: 2020
Portfolio: Institutional mutual funds
Volume: EUR 165 million
Central Plaza Two, Brisbane, Australia
A 25-storey class A building in the Golden Triangle of the Brisbane central business district (CBD) with high-quality end-of-trip facilities.
Strategy: Core
Leasable area: around 32,000 m²
Closing: 2020
Portfolio: Mutual funds
Volume: approx. EUR 230 million
452 Flinders Street, Melbourne, Australia
This 20-storey class A office building in the CBD was renovated in 2018 and is leased to 16 tenants under long-term leases.
Strategy: Core
Leasable area: around 38,000 m²
Closing: 2020
Portfolio: Mutual funds
Volume: approx. EUR 280 million
Flintholm House II, Copenhagen, Denmark
The new E&Y headquarters was completed at the end of 2019 and has received DGNB Gold certification.
Strategy: Core
Leasable area: around 9800 m²
Closing: 2019
Portfolio: Mutual funds
Volume: approx. EUR 45 million
"6Y" office building in Portland
This eleven-storey multi-tenant building is located in the central business district (CBD) of Portland, directly across from Pioneer Square. It has been leased to tenants on a long-term basis.
Strategy: Core
Leasable area: approximately 10,500 m²
Closing: 2019
Portfolio: Mutual funds
Volume: USD 47.5 million
"Palazzo Aporti" in Milan
"Impressive premium-quality building in a central location, fully refurbished between 2007–2011. The main tenant is State Street Bank."
Strategy: Core
Leasable area: approximately 26,500 m²
Closing: 2019
Portfolio: Mutual funds
51 Moorgate in London
This office building in the heart of the City of London underwent high-quality refurbishment to new building standards in October 2019. It has been certified "Excellent" by BREEAM and is leased long-term to Skanska UK PLC.
Strategy: Core
Leasable area: approximately 4300 m²
Closing: 2019
Portfolio: Mutual funds
Volume: approximately GBP 62 million
"The One", Brussels, Belgium
A new 24-storey office property on Rue de la Loi, in the immediate vicinity of the European Commission headquarters.
Strategy: Core
Leasable area: over 30,600 m² with 155 parking spaces
Closing: 2018
Portfolio: Mutual funds
"1100 Vermont", Washington D.C., USA
The multi-tenant office property is located in the East End submarket and offers excellent transport access. Built in 1961, extensively renovated from 2012 to 2014, 100% leased to 20 tenants.
Strategy: Core
Leasable area: approximately 6,300 m²
Closing: 2018
Portfolio: Mutual funds
Volume: approximately USD 40 million
"Metropolitan" in Paris
The modern multi-tenant building is located in the 17th arrondissement of Paris, fully leased under long-term leases to four tenants.
Strategy: Core
Leasable area: around 22,000 m²
Closing: 2018
Portfolio: Mutual fund
Investment volume: n/a
"Tower 185" in Frankfurt
High quality and exceptionally well-specified office skyscraper with LEED Gold certification, leased to more than 20 high quality tenants under long-term leases.
Strategy: Core
Leasable area: over 100,000 m²
Closing: 2018
Portfolio: acquired for four real estate funds
Investment volume: approx. EUR 775 million
"Verde SW1" office building in Victoria, London
Originally built in 1995 and completely renovated to a superlative standard in 2017, certified "Excellent" by BREEAM and leased long-term to 17 creditworthy tenants.
Strategy: Core
Leasable area: approximately 30,000 m²
Closing: 2018
Portfolio: Joint venture for two mutual funds
Multi-tenant property in Helsinki
LEED Gold-certified office building in the central business district of Helsinki, fully leased to 14 users, with KPMG as the main tenant.
Strategy: Core
Leasable area: approximately 16,000 m²
Closing: 2018
Portfolio: Mutual funds
Volume: approximately EUR 190 million
Retail
Investment volume
- Individual properties starting from 30 million euros
- Portfolios
Classification
- Shopping centres in city and town centres
- Regional shopping centres
- Specialist stores and local supplies centres
- High street retailers
Locations
- Established retail locations
- Very central and high degree of purchasing power
- Good infrastructural accessibility
Properties
- Energy-efficient and sustainable properties, certified under internationally recognised labels
- Very good condition with no maintenance backlog
- Adequate number of parking spaces
Tenancy agreements
- Minimum average lease term (WALT) of 5 years
- Full occupancy preferred
- Strong anchor tenants; tenants with excellent creditworthiness
- Good sector and tenant mix
- Standard terms for indexation and operating expenses
A selection of our retail investments
Orefici in Milan, Italy
Office and retail property in the heart of the classic CBD of Milan, almost entirely leased, and with LEED-Gold certification.
Strategy: Core
Leasable area: approximately 7,000 m²
Closing: 2020
Portfolio: Mutual funds
Business Centre, Salzburg, Austria
Mixed-use complex including a shopping centre operated by the Spar Group, a hotel and modern office spaces.
Strategy: Core
Leasable area: around 19,300 m²
Closing: 2020
Portfolio: Mutual funds
"Länna Market" retail park, Stockholm
Built in 2002 and renovated and repositioned in 2016/2017, leased long-term by 19 largely national and international retail chains.
Strategy: Core/Core plus
Leasable area: approximately 37,000 m² and approximately 1000 parking spaces.
Closing: 2018
Portfolio: institutional sector funds
Volume: approximately EUR 81 million
"Paramus Junction", New Jersey, USA
"Paramus Junction" is a one-storey retail park in an established location: built in 1992, extensively renovated in 2017 and 100% leased.
Strategy: Core plus
Leasable area: around 7,000 m² with 391 parking spaces
Closing: 2018
Portfolio: Mutual funds
Volume: around EUR 81 million
L’Aubette / Petite Boucheries in Strasbourg
Historical landmark building in an exclusive location; 100 % leased.
Strategy: Core
Leasable area: around 8,500 m² (of which 2,800 m² hotel)
Closing: 2017
Portfolio: Institutional sector fund
Canberra Outlet Centre, Australia
Only outlet centre in the area around the Australian capital, broad mix of 125 tenants.
Strategy: Core plus
Leasable area: around 45,000 m²
Closing: 2017
Portfolio: Mutual fund
Investment volume: around EUR 95 million
Hotel
Investment volume
- Individual properties starting from 30 million euros
- Portfolios
Classification
- 2-, 3-, 4- and 5-star-hotels
- Lease agreements; no management contracts
Locations
- Preferably prime locations
- Preferably city hotels
- Distinguished locations
Properties
- Energy-efficient and sustainable properties, certified under internationally recognised labels
- Less than 10 years old
- Alternatively: last remodelling or renovation less than 5 years ago
- Very good condition with no maintenance backlog
- Minimum of 120 rooms
- Good business and leisure mixture
Tenancy agreements
- 10-year lease agreement
- Renowned international hotel chains
- Standard market practice maintenance agreements
- Standard terms for indexation and operating expenses
A selection of our hotel investments
Clayton Hotel Charlemont in Dublin, Ireland
Sale-leaseback transaction for this four-star hotel with more than 190 rooms and in a central location, built in 2018 and leased to the Dalata Hotel Group on a 35-year lease.
Strategy: Core
Closing: 2020
Portfolio: Mutual funds
Volume: around EUR 62 million
Sir Albert, Amsterdam, the Netherlands
5-storey hotel with a total of 90 rooms plus a public restaurant and bar located in the lively De Pijp district of the city.
Strategy: Core
Closing: 2019
Portfolio: Institutional sector funds
The Marker Hotel in Dublin
"This 5-star boutique-style hotel is in a prime waterfront location in the Dublin Docklands district and offers 187 rooms and suites."
Strategy: Core
Closing: 2019
Portfolio: Mutual funds
5-star hotel in Amsterdam
NH Collection Barbizon Palace in Amsterdam is a flagship hotel of the NH Hotel Group, located with good visibility in the city centre of Amsterdam.
Strategy: Core
Closing: 2018
Portfolio: Mutual fund
Volume: > EUR 150 million
Hyatt Centric The Loop, Chicago
4-star hotel with 257 rooms and a restaurant in the CBD of Chicago.
Strategy: Core
Closing: 2017
Portfolio: Mutual fund
Investment volume: USD 110 million
InterCity in Hamburg
14-storey hotel with 275 rooms and 6 conference rooms located in the St. Pauli quarter of the city.
Strategy: Core
Closing: 2016
Portfolio: Mutual fund
Hotel Vondel & Hotel Römer in Amsterdam
Prominent city centre location in the museum quarter; lease agreement with a fixed term of 25 years.
Strategy: Core
Closing: 2016
Portfolio: Mutual fund
Radisson Blu Hotel in Edinburgh
Purchase property includes a 4-star hotel with 238 rooms, parking garage, youth hostel and a plot with development potential.
Strategy: Core
Closing: 2015
Portfolio: Institutional sector fund
Sofitel Bayerpost München
Built as the main royal Bavarian post office from 1896 to 1900 and converted to a 5-star luxury hotel from 2001 to 2004.
Strategy: Core
Closing: 2015
Portfolio: Mutual fund
Logistics
Investment volume
- Individual properties starting from 30 million euros
- Portfolios
Classification
- Logistics centres
- Distributions centres
- City logistics centres
Locations
- National and international logistics hubs
- Metropolitan regions
- Good traffic connections through road, rail,water and airport
Properties
- Energy-efficient and sustainable properties, certified under internationally recognised labels
- Less than 10 years old
- Very good condition; no maintenance backlog
- Modern building configuration and excellent multifunctionality (e.g. ceiling height over 10.50 m, large column grid, high capacity load limits)
Tenancy agreements
- Minimum average lease term (WALT) of 5 years
- Minimum occupancy rate of 80 %; developments possible without pre-let
- Creditworthy tenants
- Standard market practice maintenance regulations
- Standard terms for indexation and operating expenses
A selection of our logistics investments
Distribution Centre in Wixams, Bedford, MK45 3PD, United Kingdom
Cross-docking warehouse developed by B&M that is leased solely to B&M on a 20-year lease (sale and leaseback).
Strategy: Core
Leasable area: approximately 102,000 m²
Closing: 2020
Portfolio: Mutual funds
Industrial Campus Vienna East — Logistics park in Austria
The Industrial Campus Vienna East is Austria's largest logistics park, which will consist of six modern and sustainable (DGNB-certified) units upon completion. It is located near the Czech, Slovak and Hungarian borders and is close to Vienna International Airport.
Strategy: Core
Leasable area: approximately 122,500 m² in total
Closing: End of 2019: Gamma 1 and Gamma 2, end of 2020: Alpha 2 and Gamma 3;
estimate end of 2021: Beta
Portfolio: Institutional sector fund
Hermes logistics centre in Germany
Two newly built cross-dock centres in Großkugel and Greven, under long-term lease to Hermes.
Strategy: Core
Leasable area: around 106,000 m²
Closing: 2020
Portfolio: Mutual funds
"Broekman" logistics building, Venlo, the Netherlands
Newly built distribution centre in the "Trade Port Zuid" business park consisting of four connected warehouses, including two licensed for hazardous materials. The building is under a long-term lease to Broekman Logistics.
Strategy: Core
Leasable area: more than 63,000 m²
Closing: 2019
Portfolio: Mutual funds
Logistics and light industrial portfolio in the Czech Republic
Portfolio covers four CTParks: Prague North, Prague West, Pilsen and Teplice with a total of 36 modern buildings and 67 tenants.
Strategy: Core
Leasable area: over 415,000 m²
Closing: 2018 (33 buildings), end of 2019 (3 buildings)
Portfolio: various funds
Volume: approximately EUR 460 million
"Mönchhof Frankfurt Airport", Kelsterbach, Germany
Newly constructed in 2017, can be flexibly divided into four sections, DGNB Gold certified.
Strategy: Core
Leasable area: approximately 31,700 m²
Closing: 2018
Portfolio: Mutual funds
"VidaXL" Logistics Property in Venlo
New modern property located in the Trade Port Noord submarket in Venlo, right on the German border.
Strategy: Core
Leasable area: around 105,000 m²
Closing: 2018
Portfolio: Institutional sector fund
"Still" Logistics Centre in Hamburg.
New construction with DGNB Gold certification, leased to Still GmbH under a long-term lease.
Strategy: Core
Leasable area: around 27,000 m²
Closing: 2017
Portfolio: Mutual fund
Fulfillment Center in Hartford, USA
Built in 2015 as an Amazon fulfilment centre.
Strategy: Core
Leasable space: around 95,000 m²
Closing: 2016
Portfolio: Mutual fund
Investment volume: around USD 105 million
"The Gateway Amazon Distribution Center", St. Louis
High-quality distribution centre completed in 2016 in the Greater St. Louis area, Illinois.
Strategy: Core
Leasable area: close to 67,000 m²
Closing: 2016
Portfolio: Mutual fund
Investment volume: n/a
Logistics property portfolio in Poland
Commercial halls in established logistics locations in Tychy and Bierun
Strategy: Core
Leasable space: more than 123,000 m²
Closing: 2015
Portfolio: Mutual fund
Investment volume: around EUR 80 million
New logistics property in the Bremen freight centre
New logistics property in the Bremen freight centre; triple-net agreement with the Kieserling Logistics Group
Strategy: Core
Leasable space: around 30,000 m²
Closing: 2015
Portfolio: Institutional sector fund
Investment volume: around EUR 23 million