Deka buys office property in Australia for €280m
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.