DekaBank has acted as Sole Arranger and Underwriter on a £90.48m five-year term loan secured on Priory Court and The Lewis Building, Birmingham. The loan is being made available to a Property Unit Trust managed by Gulf Islamic investments (“GII”).
Deka Immobilien GmbH has acquired the “Les Dauphins” retail park in Mouscron, Belgium, for the WestInvest TargetSelect Shopping sector fund, which is aimed at institutional investors. The property was sold by the Fidelity International Real Estate Fund. The parties agreed not to disclose the purchase price.
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.