Firmly anchored within the world’s largest financial alliance, the Sparkassen-Finanzgruppe, Deka Immobilien is the specialist for real estate investments within the Deka Group. Both retail and institutional investors enjoy access to a wide range of real estate-based investment products and services as well as debt funds, with local, regional and global focuses. With total real estate assets under management of nearly €41bn, Deka Immobilien is one of the largest real estate asset managers in Europe. Deka Immobilien has been investing in real estate for over 50 years. Since its founding, the business has grown steadily, expanding the universe and scope of its real estate investments. To quantify, between 2013 and 2017 Deka Immobilien transacted property with a value of approximately €21bn, comprising principally acquisitions totalling €15bn. As such Deka ranks globally among the most active real estate investors with approximately 600 professionals. At present, approximately 500 properties are managed directly in 25 countries on five continents. Regionally specialised investment and asset management teams give us in-depth knowledge of the different real estate markets. Professional property and portfolio management, a global presence and innovative investment products are, and will remain, the key advantages around which Deka Immobilien focuses its business activities.
The business division’s objective is to further consolidate its position as a major international real estate asset manager by adopting a quality-and stability-oriented approach.
DekaBank also has a real estate financing unit that is combined with Deka Group’s other lending business units. We work closely with our real estate fund and financing partners by, for example, sharing locations in major markets, whilst maintaining the highest standards of confidentiality.
Investment principles & strategy
1. Solid macro & micro research
Leading in-house research and in-depth market knowledge combined with demanding return and quality criteria underpin our systematic and clearly defined investment process, offering our transactional partners security and our investors peace of mind.
2. Active portfolio management
Creating value means a dedication to values. By focusing on providing professional tenant care, efficient building management and enhancing property quality, we are able to carefully implement asset management programmes that add value through improving occupancy rates and rental levels.
3. A leading sustainable real estate provider
We focus on sustainability and our high-quality portfolio boasts more than 200 certified sustainable properties, including, for example, Tower 185 in Frankfurt, The Edge in Amsterdam, Kings Place in London or the newly constructed 1 St Peter’s Square in Manchester. Regular assessments of and improvements to the quality of our real estate assets are not only good for the environment, but also create satisfied tenants by, for example, reducing operating expenses.
4. State-of-the-art risk management
Professional property and portfolio management along with proactive risk management forms an integral part of our corporate culture and our business processes.
5. Tailor-made solutions
Deka Immobilien offers advice in tailoring individual investment strategies, implementing all investment decisions professionally and, where desired, takes on the entire organisational and financial management process.
Strategic corporate development
As real estate experts, we are dedicated to creating and developing sustainable assets and investment opportunities. Financial strength, quality and reliability are our foundation for stable growth.
We work closely with our clients and partners to develop long-term strategic relationships, to understand their goals and meet their requirements in order to ensure we provide each investor with a tailored solution. Approximately 1 million private investors are invested in our four open-ended real estate funds. We strive to maintain a stable, steady long-term performance.
Alongside our classic open-ended real estate funds with broadly diversified portfolios, we have provided customised real estate solutions for institutional investors since 1976. Our products range from open-ended retail and special funds to tailor-made, risk-adjusted solutions, from asset class-focused funds such as hotel, retail and logistics, to club deal solutions, individual mandates or administrative service mandates. Overall we manage fund vehicles for more than 380 institutional investors.
Deka’s activities also encompass the financing of commercial property. Commercial property financing activities are geared to the markets, business partners and property types which are also relevant to investment fund business. Broad-based access to the market and investors means that property financing consolidates the expertise and business basis of the Real Estate division, whilst a combined presence in investment fund and lending business offers Deka a significant advantage over most of its competitors. Accordingly, Deka’s aim is to consolidate its position as a major international real estate asset manager by adopting a quality and stability-oriented approach. It also strives to be a highly sought-after financing partner for leading international property investors.
Deka Immobilien Investment GmbH and the WestInvest Gesellschaft für Investmentfonds mbH regard proper corporate governance as the creation and compliance of basic principles and value systems for good management practices. This also includes self-control and a high degree of transparency. Deka Immobilien actively participates with both capital investment companies with regard to the preparation and further development of basic principles and regulations for open-ended real estate funds as well as real estate assets per se. Functional management and monitoring structures, protection of various groups‘ interests (stakeholders), targeted collaboration of company management and supervision, transparency in the organisation as well as in internal and external company communication and appropriate handling of risks are hallmarks of proper corporate governance.
News from Deka Immobilien GmbH
Deka Immobilien GmbH has concluded a new lease agreement for nearly 8,300 m² of office space in Melbourne, Australia. The co-working provider JustCo, Singapore, secured its largest space in Australia under this agreement. The office and commercial building at 15 William Street, which offers around 42,000 m² of space, is now fully leased.
Deka Immobilien GmbH has acquired a retail park in Sweden for around EUR 70 million. Aberdeen Standard Investments European Real Estate Club II sold the property, which will be added to the portfolio of the WestInvest TargetSelect Shopping sector fund for institutional investors.
Deka Immobilien GmbH has exchanged contracts to secure the purchase of the Flintholm Company House II office building in Copenhagen for around EUR 45 million. The seller is the project developer NCC. After completion, the property will be added to the portfolio of the open-ended real estate fund WestInvest ImmoValue, which is exclusively aimed at institutional investors.
With net retail inflows already exceeding EUR 800 million within the first four weeks of January, Deka Immobilien has made a good start to 2019. Around EUR 200 million of these inflows came from the reinvestment of dividends.
Deka Immobilien GmbH has acquired a core office property in Washington D.C. for approximately USD 40 million.
News from IPE Real Assets
Prague office complex bought for new vehicle
French €25bn pension fund buys Le Triangle
German manager invests in Grand Duchy for first time
German fund manager invests in Edinburgh
Portfolio of 26 assets spread across number of German cities
Analysis from IPE Real Assets
REITs are selling and foreign investors are buying. Why are major deals taking place when the outlook for London offices is so uncertain?
Some of the biggest foreign investors in Australian real estate are selling. Is the market too hot? Sharon Hayes investigates
The Dutch capital needs to get grips with its widespread office redundancy. Russell Handy explores some emerging solutions
A surge in interest in German real estate raises the stakes for investors. Christian Schulz-Wulkow reports