Deka makes EUR 40m purchase in Mainz

By A staff reporter 2011-02-01T00:00:00+00:00

Fund manager Deka Immobilien has acquired a business and retail complex in the German city of Mainz for about EUR 40 mln. The 6,500-m[sup]2[/sup] property is being contributed to the WestInvest TargetSelect Shopping fund. The vendor is B+L Real Estate. The main tenant of the property is drug store chain Müller.

Fund manager Deka Immobilien has acquired a business and retail complex in the German city of Mainz for about EUR 40 mln. The 6,500-m² property is being contributed to the WestInvest TargetSelect Shopping fund. The vendor is B+L Real Estate. The main tenant of the property is drug store chain Müller.

Separately, Deka Immobilien announced the acquisition of the RTW 1/RTW 3 office centre in the Reutlingen for EUR 19 mln. The two-building asset comprises about 3,000 m² of space that is almost fully let. Deka is contributing the property to a spezialfonds. The vendor is ZGV Grundstücks- und Verwaltungsgesellschaft.