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Deka Immobilien has acquired the “Mistral portfolio” containing 16 retail properties. The clothing retailer Zara España S.A. sold the properties under a sale-and-leaseback transaction. Eight of the properties will be added to the open-ended real estate fund Deka-ImmobilienEuropa and eight to WestInvest InterSelect. The parties agreed not to disclose the purchase price.
Deka Immobilien has sold the “Eroski” logistics property in the Spanish city of Zaragoza. Barings acquired the property for EUR 17,6 million. The property comes from the portfolio of the WestInvest TargetSelect Logistics sector fund, which is aimed at institutional investors.