Deka acquires office asset in Cologne for EUR 18m

By A staff reporter 2009-03-23T00:00:00+00:00

Deka Immobilien has acquired the 'Kontor 19' office and commercial building in Cologne for EUR 18 mln. The 5,400-m[sup]2[/sup] asset is being contributed to Deka's WestInvest ImmoValue fund.

Deka Immobilien has acquired the 'Kontor 19' office and commercial building in Cologne for EUR 18 mln. The 5,400-m² asset is being contributed to Deka's WestInvest ImmoValue fund.

The vendor was a promotional vehicle for urban development.

Deka said the property is fully let on long leases to several tenants, including real estate financier Eurohypo, software business Adobe Systems and Deutsche Telekom.