Deka buys retail warehouse complex in Trier

By A staff reporter 2009-08-10T00:00:00+01:00

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.