In rapid succession, Deka has invested more than €500 mln in a trio of deals - almost as much as it invested in the whole of 2023.
The open-ended mutual fund manager's latest transaction was snapping up a prime Rome office building for €280 mln, for its WestInvest InterSelect fund.
Deka had spent approximately €160 mln the previous week on Zalando's Paris regional fulfilment centre for the Europa fund, just after buying the Ruby Zoe hotel in London's Notting Hill for £62 mln for the ImmobilienMetroplen vehicle.
Deka's acquisition of Veneto 89 in Rome was one of two large transactions announced this week in Italy. IGD sold a €258 mln portfolio of Italian malls and hypermarkets to a new vehicle in which it has kept a stake and brought in Starwood Capital and Sixth Street.
Other large deals announced include Hammerson's sale of Union Square in Aberdeen to Lone Star and two hotel sales: Sun Venture buying its first hotel, in London; and Kennedy Wilson agreeing the sale of Dublin's luxury trophy, The Shelbourne.
A shopping centre, department store and prime logistics are among the assets on the market.
Residential features prominently in the seven new lending deals, including a large loan made by Legal & General Investment Management's debt team, as it expands outside the UK into continental Europe.
