Deka Immobilien has sold an office and service building in the Hakusan High-Tech Park in Yokohama, Japan. The buyer is Godo Kaisha Hakusan, set up by a consortium of several Japanese institutional investors, which acquired the property from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal. The parties have agreed not to disclose the purchase price.
The German Industry Park was built in 1987 and comprises a lettable space of approximately 15,600 square meters (167,900 square feet) and 107 parking spaces. In addition to office space, the property offers flexible usage options for production, research, product presentations and warehousing. The facility is complemented by a restaurant, a cafeteria and training rooms. The property is fully let to 24 tenants from the industrial, technology and manufacturing sectors.
The property is located in the Hakusan High-Tech Park in Yokohama, Japan’s second-largest city. The German Industry Park is considered a
