Deka Immobilien has acquired a logistics facility in the German city of Leipzig for €23 mln.

Deka Immobilien has acquired a logistics facility in the German city of Leipzig for €23 mln.

The asset, called Zum Frischemarkt, is located in the freight district of the city.

It provides 32,000 m2 of leasable area spread over six halls on a 53,000 m2 site. Deka acquired it on behalf of its institutional fund WestInvest TargetSelect Logistics from Dusseldorf-based developer Greenfield Development.