German property fund manager Deka Immobilien has acquired a logistics asset in Saint Martin de Crau, near the French city of Marseille, for €28 mln from meat distribution company Groupe Carnivor.
German property fund manager Deka Immobilien has acquired a logistics asset in Saint Martin de Crau, near the French city of Marseille, for €28 mln from meat distribution company Groupe Carnivor.
The site comprises two neighbouring logistics units with a total floor area of 36,800 m2, with furniture store Maisons du Monde as the main tenant.
The acquisition will be incorporated into the WestInvest TargetSelect Logistics property fund.
Deka Immobilien is one of Germany’s largest property fund managers with assets of €27 bn.
