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Transactions - SEPTEMBER 30, 2020

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Deka buys office property in Australia for €280m

by Andrea Zander

Deka Immobilien has acquired an office tower in Melbourne, Australia, for €280 million ($329 million).

The seller of the property was Dexus.

The high-quality office high-rise at 452 Flinders Street was built in 1994 and comprises a lettable area of ​​more than 38,000 square meters (409,000 square feet), 276 bicycle parking spaces and high-quality end-of-trip facilities, which represent regeneration areas for tenants as well as common areas for showers, bicycle repairs, etc. It is rented long-term and in full to 16 users. The main tenant is the Jacobs Group. The property is located in the western central business district.

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