German fund manager Deka Immobilien has acquired two further assets at the Friedrich Carré mixed-use complex in Berlin for EUR 53 mln. The assets will be added to Deka’s open-ended fund Deka Immobilien-Europa. The vendor is DBR Friedrichscarrée, a subsidiary of Oslo-based Prime Office Germany.
German fund manager Deka Immobilien has acquired two further assets at the Friedrich Carré mixed-use complex in Berlin for EUR 53 mln. The assets will be added to Deka’s open-ended fund Deka Immobilien-Europa. The vendor is DBR Friedrichscarrée, a subsidiary of Oslo-based Prime Office Germany.
Friedrich Carré consists of seven buildings in total, four of which Deka has bought since the beginning of 2011.
The newly acquired assets comprise a total lettable area of some 11,500 m2 with a mix of office, retail and storage space and are 90%-leased.
Jones Lang LaSalle advised on the deal. DekaBank is the biggest provider of open-ended funds in Germany. The bank’s two fund management subsidiaries manage more than EUR 22 bn in assets.
