German bank Deka's property unit Deka Immobilien has acquired two logistics buildings in the Billbrook industrial area of Hamburg for EUR 43mln from German businessman Achim Becker.
German bank Deka's property unit Deka Immobilien has acquired two logistics buildings in the Billbrook industrial area of Hamburg for EUR 43mln from German businessman Achim Becker.
The logistics assets provide a total area of 45,000 m2, of which 19,000 m2 are newly developed. They also include about 1,800 m2 of offices. The assets, which are fully leased on long-term leases to two logistics companies, are earmarked for an open-ended Spezialfonds managed by Deka Immobilien.
