Deka Immobilien GmbH has purchased an office property in Edmonton, Canada, from ICE District Properties for approximately €345 million ($378 million).
The new building will be added to the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal.
ICE District Properties is a joint venture between Katz Group and ONE Properties, which is developing the ICE District. ICE District will be the largest mixed-use sports and entertainment district in Canada and is already projecting an energy and feeling unlike anything Edmonton has seen before. ICE District delivers a new era of diverse entertainment and lifestyle offerings. A public plaza with year-round programming will host events from festivals to public skating. All of this is walking distance to sophisticated residences, premium office space and Rogers Place, one of North America’s most advanced sports and entertainment venues.
The tallest commercial building in Canada outside of Toronto, Sta
