German fund manager Deka Immobilien said it has acquired a retail warehouse complex in Trier for its WestInvest TargetSelect Shopping fund. Financial details were not disclosed.
German fund manager Deka Immobilien said it has acquired a retail warehouse complex in Trier for its WestInvest TargetSelect Shopping fund. Financial details were not disclosed.
The 23,000 m2 Fachmarkt AlleenCenter is fully let on long-term leases and is the first acquisition for the fund, which targets institutional investors.
CB Richard Ellis advised Deka on the deal.