Deka acquires Munich office project for EUR 75m

By A staff reporter 2009-12-15T00:00:00+00:00

German investment firm Deka Immobilien has purchased an office project in Munich for an investment volume of EUR 75 mln. The vendor was French property company Icade. The 19,000-m[sup]2[/sup] property is being added to Deka's open-ended real estate fund Deka-ImmobilienEuropa.

German investment firm Deka Immobilien has purchased an office project in Munich for an investment volume of EUR 75 mln. The vendor was French property company Icade. The 19,000-m² property is being added to Deka's open-ended real estate fund Deka-ImmobilienEuropa.

Ernst & Young will occupy the property in the Arnulfpark district of the city from autumn 2010. The building project has already been awarded a gold certificate by the German Green Building Council (DGNB).