Deka acquires Czech logistics portfolio for €460m

Deka has paid €460 million ($524 million) to acquire a logistics portfolio in the Czech Republic from the CTP Group. 

The firms have entered into a long-term partnership. CTP Group will manage the assets for 10 years.

Including two development projects, the portfolio contains 36 modern buildings with a total leasable area of approximately 430,000 square meters (4.6 million square feet). The “CTPark Prague North” properties are in a conventional logistics location. The portfolio also includes two large industrial parks, “CTPark Teplice” and “CTPark Plzeň”, which contain a mix of logistics and light industrial properties. ​