Our Acquisition Profiles

Investments in Germany, Europe and International

As one of the leading European real estate investment manager, we invest in the growth markets of tomorrow.

With a transaction volume of EUR 22.7 billion within the last five years (2015 to 2019), mainly comprising acquisitions worth EUR 17.5 billion, we are one of the most active investors in the last few years. Entering new markets that offer growth potential plays a significant role in our investment strategy. Our real estate management activities focus on securing stable cash flows. The focus of investment is on office, retail, hotel and logistics.

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Here you can find the Acquisition Profiles in an overview.

Deka Immobilien - Acquisition Profiles (313 KB)

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, best case certified according to e.g. BREEAM, DGNB, HQE or LEED
  • Less than ten years old
  • Alternatively: last remodelling or renovation less than five years ago
  • No maintenance backlog
  • Possibly of third-party use
  • Adequate number of parking spaces

Tenancy agreements

  • Minimum term of five years for single-tenant / minimum average term of five years for multi-tenant properties
  • Minimum occupancy rate of 75 %, may be lower for excellent locations
  • Creditworthy tenants
  • Standard terms for indexation and operating expenses

A selection of our office investments

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"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

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"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

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"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

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"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

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175 Federal Street, Boston, USA

Multi-tenant property in the CBD with very good transport access.

Strategy: Core plus
Leasable space: more than 21,000 m²
Closing: 2016 Portfolio: Mutual fund
Investment volume: USD 139 million

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33 Margaret Street, London, West End

Class A office and commercial building with BREEAM “excellent”   certification; fully leased under long term leases to, e.g. Savills Plc.

Strategy: Core
Leasable space: around 9,600 m²
Closing: 2016
Portfolio: Mutual fund
Investment volume: around GBP 216   million

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"The Bank" in Amsterdam

Eight-storey office/commercial property in prime city centre   location, core renovated from 2006 to 2011.

Strategy: Core
Leasable space: more than 31,700 m²
Closing: 2015
Portfolio: Mutual fund
Investment volume: around EUR 275 million

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Utoschloss, Zürich

Historic city palace at the southern end of the CBD, right on the short of Lake Zurich.

Strategy: Core plus
Leasable space: around 4,000 m²
Closing: 2016
Portfolio: Mutual fund

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"The Park" in Prague

Established office park with twelve high-quality office properties in an attractive campus location south-east of the city in Prague 4 (Pankrác).

Strategy: Core
Leasable area: over 116,000 m²
Closing: 2016
Portfolio: First product for a new institutional fund series
Investment volume: n/a

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"The Adam Grant Building", San Francisco

Prestigious 14-storey office building in the financial district, modernised and renovated in 2016.

Strategy: Core
Leasable area: around 18,000 m²
Closing: 2017
Portfolio: Mutual fund
Investment volume: around EUR 136 million

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Cannon Place in London

Fully leased office building at the Prime City of London location.


Strategy: Core
Leasable area: around 37,500 m²
Closing: 2017
Portfolio: Mutual fund
Investment volume: around GBP 485 million (headline price)

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"DC Tower 1" in Vienna

Landmark property completed in 2013 in the Donau City submarket with LEED Platinum certification.

Strategy: Core plus
Leasable area: around 74,500 m²
Closing: 2017
Portfolio: Mutual fund
Investment volume: n/a

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"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

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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

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"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

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"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

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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

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 "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

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"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

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, best case certified according to e.g. BREEAM, DGNB, HQE or LEED
  • Very good condition with no maintenance backlog
  • Adequate number of parking spaces

Tenancy agreements

  • Minimum average lease term of five 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

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"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

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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

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“Hürth Park” shopping centre near Cologne

In the centre of Hürth, one of the 25 largest centres in Germany.

Strategy: Core
Leasable space: around 61,000 m²
Closing: 2015
Portfolio: Mutual fund
Investment volume: around EUR 213 million

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Julia retail portfolio

A broadly diversified portfolio in 37 German cities.

Strategy: Core plus
Leasable space: around 137,000 m²
Closing: 2015
Portfolio: Various institutional real estate funds
Investment volume: around EUR 700 million

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“Bekkestua Center” shopping centre near Oslo

Newly built “Bekkestua Centre I + II” west of Oslo.

Strategy: Core
Leasable space: around 15,000 m²
Closing: 2014 + 2016 (Part II)
Portfolio: Institutional sector fund

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"& other Stories",  Washington D.C.

Property in an excellent sustainable retail location on M Street, Georgetown, leased to H&M under a long-term lease.

Strategy: Core
Leasable area: around 920 m²
Closing: 2016
Portfolio: Mutual fund
Investment volume: n/a

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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

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"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

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, best case certified according to e.g. BREEAM, DGNB, HQE or LEED
  • Less than ten years old
  • Alternatively: last remodelling or renovation less than five years ago
  • Very good condition with no maintenance backlog
  • Minimum of 120 rooms
  • Good business and leisure mixture

Tenancy agreements

  • 15-year lease agreement; possible shorter term for outstanding properties
  • Renowned international hotel chains
  • Standard market practice maintenance agreements
  • Standard terms for indexation and operating expenses

A selection of our hotel investments

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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

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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

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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

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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

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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

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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

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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

Logistics

Investment volume

  • Individual properties starting from 30 million euros
  • Portfolios

Classification

  • Logistics centres
  • City logistics centres
  • City Logistikzentren

Locations

  • National and international logistics hubs
  • Metropolitan regions
  • Good traffic connections through airport, road, rail and water

Properties

  • Energy-efficient and sustainable properties, best case certified according to e.g. BREEAM, DGNB, HQE or LEED
  • Less than ten 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 term of five years (WALT)
  • Minimum occupancy rate of 80 %
  • Creditworthy tenants
  • Standard market practice maintenance regulations
  • Standard terms for indexation and operating expenses

A selection of our logistics investments

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"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

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"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

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"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

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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

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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

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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

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"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

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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