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 hotel properties in the core and core plus segments. Co-investments and joint ventures are also pursued with longterm investors for larger investment volumes of EUR 250 million or more. 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 established part of our acquisition due diligence.
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Here you can find the Acquisition Profiles in an overview.
Deka Immobilien Acquisition Profiles (232 KB)Your contacts
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Our Acquisition Profiles in an overview:
Office
Investment
- Individual properties starting from 30 million euros
- Portfolios
- Joint Ventures starting from 250 million euros
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
Leo Business Campus, Stuttgart
Purchase of section E (L&O still being completed). DGNB Gold-certified new building with secure long-term cash flow, located near the centre of Stuttgart. The green courtyard includes seating and is an inviting place to linger. Around 8,415 m² of leasable area are divided across five upper floors. The underground car park has 102 spaces for cars and 42 spaces for bicycles. The main tenants are GMG (Telekom) and Exyte. 100% occupancy rate.
Address: Löwentorstraße 46-48 in Stuttgart, Germany
Location: LEO is situated in the north of Stuttgart, next to the Löwentor (Lion’s Gate) in the district of Bad Cannstatt.
Closing: Mar. 23
Portfolio: Domus Megatrends Europa special fund
Leasable area: 8,415 m²
Year of construction: 2019
Certification: DGNB Gold
Special features: Heat supply from environmentally friendly district heating.
Booking HQ, Amsterdam
A modern, high-quality building with a water view and offbeat architecture, whose high technical and sustainability standards make it a compelling proposition. The property is located right next to the central station and has excellent public transport connections. The headquarters of Booking.com, which have a total leasable area of 54,432 m², reflect the new work concept.
Address: Oosterdokskade 163 in Amsterdam, Netherlands
Location: Amsterdam-Centrum submarket, next to the central station
Closing: Dec. 22
Portfolio: Deka ImmobilienEuropa mutual fund and WestInvest InterSelect mutual fund
Leasable area: 54,432 m²
Year of construction: 2022
Certification: Energy Label A++ and BREEAM Excellent are targeted.
Special features: Water view and unusual architecture. Structural glazing facade (triple-glazed facade; up to quadruple glazing on the north side near the train tracks), solar panels on a moss and sedum roof, campus as a SMART building, connection to the central latent storage system (LTEO) that provides heating/cooling
H2O, Munich
High-quality office building in northwest Munich with good public transport connections and very easy access by car. Total area of approximately 20,600 m², comprising around 18,900 m² of office/terrace space, roughly 1,250 m² of hospitality/retail areas and around 450 m² of storage space. The underground car park offers 201 spaces, some of which feature electric charging facilities (wall boxes). Almost fully leased; main tenant is Westwing AG.
Address: Moosacher Straße 84-88 in Munich, Germany
Location: H2O is situated in the Munich North submarket, which primarily comprises commercial tenants from the industrial, automotive, trade, IT and media sectors.
Closing: Oct. 22
Portfolio: WestInvest InterSelect mutual fund
Leasable area: 20,597 m²
Year of construction: 2016
Certification: LEED Gold, Wired Score
Special features: Heated using district heating and geothermal energy, concrete core activation, cooled using geothermal energy, large bicycle storage area in the basement including shower and changing facilities, tenant-owned electric charging stations in the underground car park.
Austro Tower, Vienna
With its height of 136 m and 38 floors, Austro Tower is a highly visible landmark at the Prater motorway junction in Vienna. Having been secured by Deka Immobilien back in 2020, this property was transferred in its entirety to the purchasers after it was completed and fully leased in March 2022. Deka Immobilien acted as deal sourcer and fund advisor for a group of investors consisting of four pension funds, with the property itself being outsourced to an investment management company. Long-term leases have been signed with Austro Tower’s two main tenants, Austro Control and Asfinag. The remaining space is occupied by the project developer Soravia and a canteen operator.
Address: On the Danube Canal in the third district of Vienna, Austria
Location: Erdberg submarket, Vienna
Closing: Mar. 22
Portfolio: External investment management company
Leasable area: 31,400 m²
Year of construction: Q1 2022
Certification: BREEAM Excellent; LEED Platin (expected)
Special features:
- Highly visible landmark building
- State-of-the-art fit-out standard
- Double-skin glass facade with openable windows
- Long-term leases entered into with quasi-government tenants with very good credit ratings
Kranhaus Mitte, Cologne
High-quality landmark building; striking design in the form of a cantilevering crane; the total leasable space of around 17,200 m² is spread across 15 upper floors. The main tenant is CMS Hasche Sigle Partnerschaft.
Address: Im Zollhafen 18 in Cologne, Germany
Location: The Kranhaus is located in the Rheinauhafen submarket, one of the most in-demand submarkets in Cologne right next to the Rhine.
Closing: Feb. 22
Portfolio: WestInvest InterSelect mutual fund
Leasable area: 17,200 m²
Year of construction: 2008
Certification: DGNB Silver
Lakefront Block 25 & 31, Seattle
The properties at Lakefront Blocks 25 & 31 in Seattle offer cash flow secured for many years by Google and a highly fungible status: the campus comprises two separate buildings in an exceptional location right next to Lake Union. The South Lake Union submarket stands out due to its mix of different use types, its museums and restaurants, as well as a number of architectural projects that lead the way in terms of sustainability.
Address: 609 Fairview Ave & 620 Boren Ave / 1021 Valley St & 1000 Mercer St, Seattle, USA
Location: On the south bank of Lake Union
Closing: Feb. 22
Portfolio: Deka-ImmobilienGlobal mutal fund and Deka-ImmobilienMetropolen mutal fund
Leasable area: 59,074 m²
Year of construction: 2019
Certification: LEED CS Gold
Special features: Lots of amenities for office users. In addition to a large roof terrace with a view of Lake Union, the campus offers a health zone including a gym and massage room, as well as a games room and an aquarium.
ÁNCORA 40, Madrid
A modern, fully renovated and LEED Gold-certified three- or four-storey office building with total leasable space of 7,215 m². Its close proximity to Atocha train station (a main hub for the AVE high-speed trains) also means that the property could not be easier to reach on public transport. The building is leased in full to Just Eat, Europe’s largest online food order and delivery service.
Address: C/ del Áncora 40 in Madrid, Spain
Location: Méndez Álvaro submarket, next to Atocha central station
Closing: Jan. 22
Portfolio: Domus Megatrends Europa special fund
Leasable area: 7,215 m²
Year of construction: 2021
Certification: LEED Gold
Special features: Imposing facade featuring floor-to-ceiling windows; high visibility due to corner location, numerous outside and terrace spaces, opulent ceiling height (up to 4 m), modern office spaces reflecting the “new work” megatrend, parking directly below the building
CUBES, Düsseldorf
High-quality office building with a very good tenant structure on the outskirts of the Kennedydamm submarket. 100% occupancy rate, main tenants are Baker Tilly and Beiten Burkhardt. Some 14,900 m² of leasable area are spread across four or five upper floors and two lower floors; the property has its own underground car park with 218 spaces and seven outdoor parking spaces. Terrace areas enhance the quality of dwell time.
Address: Cecilienallee 6-7 in Düsseldorf, Germany
Location: CUBES is located in the district of Düsseldorf-Golzheim, on the outskirts of the Kennedydamm submarket in close proximity to the Rhine.
Closing: Dec. 21
Portfolio: Deka-Immobilien Europa mutual fund
Leasable area: 14,900 m²
Year of construction: 2012
Certification: DGNB Silver
Special features: Heat supply from environmentally friendly district heating.
500LEP, Washington
This modern office property in the Southwest submarket offers a sustainable configuration that is suitable for third-party use. The main tenant is Urban Institute, an organisation specialising in urban research and development aid. The highlight of the property is its roof terrace with fireplace, which provides a 360-degree view of the neighbourhood and the Potomac River – a rarity in DC. 500LEP also offers direct access to a metro station served by five different lines.
Address: 500 L'Enfant Plaza SW, Washington, USA
Location: In close proximity to major public authorities such as the U.S. Department of Housing & Urban Development.
Closing: Sep. 21
Portfolio: Deka-Immobilien Metropolen mutual fund
Leasable area: 20,200 m²
Year of construction: 2019
Certification: LEED CS Gold, Energy Star
Special features: The building has a roof terrace with fireplace, which offers unique vistas of the Wharf District and Potomac River thanks to its elevated position on the podium of L’Enfant Plaza. Such a view is rare in a city where building heights are restricted.
8 St James´s Square, London
This freehold property was designed by Eric Parry Architects and is one of the most advanced office buildings in London’s West End. It is fully leased to the following companies: Helly Nahmad Gallery Ltd., Société Generale, ONEX Partners UK Ltd., Point72 UK Ltd. and London St James Centre. The main tenant (34%) is Société Générale, a multinational bank and financial services provider headquartered in Paris.
Address: 8 St James's Square in London, UK
Location: The property lies in the heart of London’s West End, in a prominent position in St James’s Square near Green Park. The neighbourhood is regarded as the most prestigious office location in the West End.
Closing: July 21
Portfolio: Deka-Immobilien Europa mutual fund
Volume: Around EUR 256 million
Leasable area: 5,845 m²
Year of construction: 2015
Certification: BREEAM Excellent
Awards: RIBA National Award 2016, RIBA London Award 2016
Special features: Roof terrace, direct access to St James’s Square outside the regular opening hours
Retail
Investment
- Individual properties starting from 30 million euros
- Portfolios
- Joint Ventures starting from 250 million euros
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
Shinsaibashi Sundrug, Osaka
Osaka is the economic centre of the Kansai region, one of the world’s most powerful metropolitan areas. The freehold building was completed in September 2009. The main tenant in the first three of the seven storeys is Sundrug, a drugstore chain with a strong credit rating. Headquartered in Tokyo, Sundrug is listed on the stock exchange and specialises in the sale of pharmaceutical products, as well as high-quality personal care and scented products.
Address: Soemoncho 7-2 in Osaka, Japan
Location: The property is situated next to the famous Ebisu Bridge at the south entrance to one of the leading shopping arcades and most popular entertainment districts (Dotonbori) in Osaka.
Closing: Apr. 21
Portfolio: Deka-Immobilien Global mutual fund
Volume: 183.5 Mio. EUR
Leasable area: 714 m²
Year of construction: 2009
Special features: Prominent retail location next to the famous Ebisu Bridge
Hotel
Investment
- Individual properties starting from 30 million euros
- Portfolios
- Joint Ventures starting from 250 million euros
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
Campus Mitte Würzburg AC Hotel by Marriott and Moxy
Two high-quality Marriott hotels acquired in a secondary city with around one million overnight stays per year. The balanced mix of guests, comprising an equal share of leisure and business travellers, combined with the proven hotel concept, promises a competitive market position.
Address: Schürer Straße 7-9, Würzburg, Germany
Location: The hotels are situated next to one of Würzburg’s main traffic arteries and have excellent transport connections. Despite being located a short distance away from the historic old town and on the outskirts of the centre, the hotels are still very easy for guests to reach by car or public transport.
Closing: Nov. 22
Portfolio: Institutional sector fund/special fund
Volume: EUR 77.6 million
Leasable area: 14,940 m²
Number of rooms: Total of 370 rooms + 432 parking spaces
Year of construction: 2022
Certification: BREEAM Very Good
Special features: The AC by Marriott has 168 rooms ranging from 19 m² to 27 m², a restaurant and bar area with 100 seats, a generously sized gym and eight conference rooms. The Moxy hotel follows the design standards of the Marriott Group and positions itself as a lifestyle hotel with 202 rooms and an open-plan, modern lobby with a bar and restaurant area.
Motel One Dresden and Rostock
The purchased portfolio comprises two mixed-use complexes, including two hotels in the centres of Dresden and Rostock. The main type of use is hotel (52% in Dresden, 71% in Rostock). The two Motel Ones were acquired in 2020 and are the first two hotels leased by Motel One in Deka’s portfolio.
Address: Postplatz 5, Dresden and Schröderplatz 2, Rostock, Germany
Location: Dresden: The purchased property is in close proximity to the historic “Zwinger” in Dresden and offers outstanding public transport connections, such as Dresden central station (around 1.2 km away). Rostock: Both the Doberaner Hof shopping arcade and the nearby pedestrian zone in Rostock are within walking distance of the property. The building’s location on the ring road makes it easy to find and reach by car. It takes around 15 minutes to get from the hotel to the A19, which then leads to the A20.
Closing: Oct. 2020 – Dec. 2020
Portfolio: Special fund
Leasable area: 14,270 m² (Dresden) und 6,600 m² (Rostock)
Number of rooms: 288 (Dresden) and180 (Rostock)
Year of construction: 2013
Logistics
Investment
- Individual properties starting from 30 million euros
- Portfolios
- Joint Ventures starting from 250 million euros
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
ICVE – Alpha 1
This property is the last development project in the park. The logistics campus measures 150,000 m² in total, making it the largest of its kind in Austria. With its five independent rental units, the sustainably designed logistics building offers a multi-tenant use structure and a leasable area totalling 38,320 m².
Address: TNS-Gasse 1, Enzersdorf/Fischa, Austria
Location: The Industrial Campus Vienna East can be found in the southeast of Vienna in Enzersdorf an der Fischa. The market community lies in the region where the four countries of Austria, the Czech Republic, Slovakia and Hungary meet and benefits from an excellent infrastructure. Vienna International Airport in Schwechat is only 12.6 km away.
Closing: Closing after completion expected in 2024
Portfolio: Institutional sector fund/special fund
Leasable area: 38,320 m²
Year of construction: Completion 2024
Certification: DGNB/ÖGNB Gold is targeted
Special features: Around 100% of the usable roof space has been set up for photovoltaic modules. Alternative heating systems operated using renewable fuels are planned.
Parque logistique, Nanteul-le-Haudoin
The purchased property comprises 93,500 m² and meets the sustainability requirements of users and investors. The acquisition of this development project was completed under a VEFA (forward funding) contract, which is a common arrangement in France.
Address: ZAC du Chemin Paris Nanteul-le-Haudoin, France
Location: The Nanteuil project is being developed in the small town of Nanteuil-le-Haudouin in the Oise department, some 46 km northeast of central Paris (20 km from the A104 ring road known as the Francilienne). The municipality with 4,500 inhabitants is right next to the two-lane N2 national road, which heads north from Paris to Belgium, forms part of the north-south axis (Lille, Paris, Lyon, Marseille) and lies in the French logistics corridor known as the “Dorsal Logistique”.
Closing: Dec. 22
Portfolio: Institutional sector fund/special fund
Leasable area: 93,500 m²
Year of construction: 2021-2022
Certification: BREEAM Very Good
Special features: The new logistics building possesses one of the largest photovoltaics power units in France. The roof has 32,000 m2 of solar panels with an output up to 6 MWp – enough to power 1,400 households in France every year.
vidaXL (Phase IV)
The vidaXL logistics facility covers more than 140,000 m² of leasable space and is the largest of the four vidaXL facilities in Venlo that are part of Deka’s portfolio. The purchased property is located in the municipality of Venlo in the Dutch province of Limburg. The city with around 100,000 inhabitants is the Netherlands’ leading and most advanced logistics hotspot and one of the most important growth regions for logistics in Europe.
Address: Jan Tinbergenstraat 4-10, Venlo, Netherlands
Location: The property is around 9 km from the A67 (Duisburg/Eindhoven) and A73 (Venray/Born) motorway junctions. Venlo station, which offers passenger and goods transport, is within 15 minutes’ reach of the property (11 km). The new rail terminal, which is still undergoing renovation, is 5 minutes away from the property (2 km).
Closing: Mar. 22
Portfolio: WestInvest InterSelect mutual fund
Leasable area: 141,625 m²
Year of construction: 2022
Certification: BREEAM Very Good
Special features: The installation of a photovoltaic system on the roof of the building is being considered.
Project North (Wattrelos A)
Project North is a logistics property covering 92,442 m² and forms part of a portfolio of three buildings at two locations (Wattrelos and Maubeuge) in France. Ten-year lease agreements with break options after six and nine years (not after just three years, as is customary in France) are agreed with the tenants. The tenant of the properties will be Log’S, a third-party logistics provider based in France. The core competence of this external logistics company is the performance of transport and storage services for its customers.
Address: Zone d'Activité du Winhoute, Wattrelos, France
Location: The city of Wattrelos in northern France can be found next to the Belgian border, around 15 km northeast of Lille, putting it at the northern starting point of France’s main logistics corridor (“Dorsal Logistique”). The property has a direct connection to a two-lane access road that leads to the junction with the A22 (10 km away) and therefore links the properties to one of France’s main traffic routes (A1) starting at Lille.
Closing: Feb. 21
Portfolio: Institutional sector fund/special fund
Leasable area: 92,210 m²
Year of construction: 2022
Certification: BREEAM Very Good
Industriepark Meerane
The six logistics properties acquired by Deka Immobilien are leased to tenants with strong credit ratings, including RHENUS SE & Co. KG, DHL, BLG and Volkswagen AG. They are not far from VW’s production site in Zwickau, the world’s first VW plant to be fully converted to manufacture electric cars. The VW location has existed since 1990 and recently switched to producing VW’s ID2 and ID3 electric car models.
Address: Gablenzer Straße 18, Merane, Germany
Location: The Meerane logistics facility is located in the Leipzig-Dresden-Zwickau-Erfurt logistics region, right next to the A4, the main east-west artery in this area. The B93 provides a north-south link, also runs right past the location and forms a motorway junction with the A4.
Closing: Mar, 21
Portfolio: Deka Immoblien Fokus Logistik special fund
Leasable area: 168,460 m²
Year of construction: 2017-2021
Certification: DGNB Gold is targeted
Berlin Großbeeren
This modern logistics property is leased until 2038 to ASOS, one of the largest online clothes retailers in Europe. The facility will be used as an online distribution centre for ASOS. Its structure and appointments make it highly suitable for third-party use. The building is in one of Berlin’s leading logistics locations near Berlin Brandenburg Airport (BER).
Address: An der Anhalter Bahn 6, Großbeeren, Germany
Location: The property in question is situated in the GVZ Großbeeren industrial park in the federal state of Brandenburg, Teltow-Fläming district, roughly 5 km south of Berlin and 15 km from Potsdam. Lying right next to the L40, and with direct access to Bundesstrasse (federal highway) 101, the facility has excellent transport connections and good visibility.
Closing: Aug. 21
Portfolio: Deka-Immobilien Metropolen mutual fund
Leasable area: 91,600 m²
Year of construction: 2018
Certification: BREEAM Very Good is targeted
Special features: Part of the usable roof space has been set up for photovoltaic modules. Alternative heating systems operated using renewable fuels are planned.
