Deka Immobilien invests in logistics centre near Berlin

Deka Immobilien has acquired a property in Großbeeren, in the greater Berlin area, for the portfolio of the open-ended real estate fund Deka-ImmobilienMetropolen. The seller is Invesco Real Estate, a global real estate investment manager. The parties have agreed not to disclose the purchase price.

The “An der Anhalterbahn 6 in Großbeeren” site houses a modern logistics centre bordering Berlin to the south and located not far from the new Schönefeld airport. The centre was constructed in two stages, in 2015 and 2017, and offers around 91,500 m² of leasable space plus around 1,000 parking spaces. The property is fully leased under a long-term tenancy to Limited, a leading online fashion store headquartered in the UK. The logistics centre is situated at one of the largest freight handling hubs in Europe and as such offers excellent transport links. The property has been rated “Good” by BREEAM, the British certification for sustainable construction.

Deka-ImmobilienMetropolen is aimed exclusively at private investors and makes currency-hedged investments worldwide in commercial properties located in dynamically growing metropolitan areas. Target investment markets are chosen using a city selection model based on the long-term drivers of growth — globalisation, urbanisation, ecology and new working environments. With this transaction, the fund management is expanding the Deka-ImmobilienMetropolen portfolio to include both the logistics sector and a second attractive property in Berlin.