Deka buys EUR 53m office building in Florida

Deka Immobilien, the property investment arm of Germany's DekaBank, said on Wednesday it has acquired the BAC Colonnade office building in Coral Gables, Florida, for around $83mln (EUR 53mln) from Crescent, a subsidiary of Morgan Stanley. The purchase does not include the adjacent 157-bed hotel which is part of the ...

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