Deka Immobilien has announced the acquisition of a logistics facility in the UK from retailer Sainsbury's for around EUR 73 mln. The property located in Enfield, about 25 km from London, comprises 58,000 m[sup]2[/sup] of warehousing space and around 6,300 m[sup]2[/sup] of office space. Deka said the asset was purchased for the Deka-ImmobilienEuropa mutual fund, which has a total fund volume of EUR 7.3 bn.
Deka Immobilien has announced the acquisition of a logistics facility in the UK from retailer Sainsbury's for around EUR 73 mln. The property located in Enfield, about 25 km from London, comprises 58,000 m2 of warehousing space and around 6,300 m2 of office space. Deka said the asset was purchased for the Deka-ImmobilienEuropa mutual fund, which has a total fund volume of EUR 7.3 bn.
The DekaBank Group is the biggest provider of open-ended property funds in Germany. The two investment companies, Deka Immobilien Investment and WestInvest Gesellschaft für Investmentfonds, together manage fund assets of over EUR 18 bn.
