Deka Immobilien plans North American real estate fund
Deka Immobilien plans to launch a North America-based real estate fund, which is aimed at wealthy private investors.
KAGB “Deka Immobilien North America” will invest in the office, single-commerce, logistics and hotel sectors of the United States. The fund can be used as blending properties in Canada and Mexico. The fund manager seeks a stable value development in U.S. dollar terms.
“The fund waives a currency hedge and is therefore aimed at private investors with appropriate capital market experience. You can benefit from the growth opportunities in the North American real estate markets and enter into long-term commitments in U.S. dollars. With the new fund strengthens our position as a strong international market participants continue, “said Torsten Knapmeyer, managing director of Deka Immobilien, in a statement.
The “Deka Immobilien North America” has already secured a property in dow