Deka Immobilien has acquired a logistics property in the German city of Mönchengladbach for its WestInvest TargetSelect Logistics fund. The purchase price for the property, which in July, came to EUR 30 mln.
Deka Immobilien has acquired a logistics property in the German city of Mönchengladbach for its WestInvest TargetSelect Logistics fund. The purchase price for the property, which in July, came to EUR 30 mln.
The vendor was a development subsidiary of international logistics company DHL.
The property has a total lettable area of ??50,300 m2, which is fully let long term to Irish fashion chain Primark.
