Deka Immobilien concluded €3.4 bn of property deals in 2014 as it grew its total asset volume for the sixth year in a row.
Deka Immobilien concluded €3.4 bn of property deals in 2014 as it grew its total asset volume for the sixth year in a row.
The Düsseldorf-based fund manager invested €2.1 bn in 25 acquisitions, mainly in German and major European cities, and disposed of 34 properties for a total of €1.3 bn, mainly smaller assets in countries including France, Belgium and the Czech Republic.
Deka has been involved in around 300 transactions worth a total of €17.5 bn since the crisis year of 2008 and seen its total assets increase each year to its current level of €27.5 bn.
Matthias Danne, DekaBank’s board member responsible for property and finance, said: ‘This puts us in the top 10 property asset managers in Europe and the 15 largest worldwide. We intend to strengthen this position further in 2015.’
PropertyEU publishes its 2014 dealmakers ranking of European real estate investors in March 2015.The annual ranking is based on our twice yearly Top Investors survey.
The October edition of Top Investors will rank the top 100 players based on their European real estate assets under management at end-2014.