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- June 1, 2012: Vol. 6, Number 6

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Deka Invests in London and Amsterdam

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Deka Immobilien GmbH has been actively investing across Europe, including two major acquisitions in London.

The first London buy is Kings Place, a 31,500-square-metre office property in King’s Cross. Deka acquired the property on behalf of the WestInvest InterSelect open-end fund from Parabola Land for approximately £235 million (€289 million). Kings Place provides approximately 28,000 square metres of office space above three levels of music and arts facilities, including a 420-seat auditorium. Kings Place has a BREEAM Very Good rating.

Also in London, Deka has acquired 1 Southampton Row in London’s Covent Garden. The property was acquired on behalf of the Deka-ImmobilienEuropa open-end fund from Grandsoft Ltd for approximately £110 million (€135 million). The property comprises 9,893 square metres of office space and 1,918 square metres of retail space f

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