German fund manager Deka Immobilien has acquired a mixed-use complex in the centre of Rotterdam for close to €60 mln on behalf of its open-ended WestInvest InterSelect fund.
The vendor is a private investor.
The Blaak complex consists of a cluster of buildings including a CitizenM hotel, office asset and the Wijnhaven business ensemble comprising four office buildings and a restaurant. It also offers a parking garage with 129 spaces. The total office space amounts to 15,000 m2.
The 4-star CitizenM hotel has 151 rooms and was developed by Maasstede Vastgoed Ontwikkeling as part of the redevelopment of the old port area in Rotterdam. All the buildings were constructed between 1990 and 2013.
