Deka Invests in London and Amsterdam
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 fronting High Ho