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 €46bn, Deka Immobilien is one of the largest real estate asset managers in Europe.
Established in 1966, the business has grown steadily, expanding the universe and scope of its real estate investments. To quantify, between 2014 and 2018 Deka Immobilien transacted property with a value of approx. €22.4bn, comprising principally of acquisitions totalling €16.5bn. As such Deka ranks globally amongst the most active real estate investors with approx. 500 properties managed directly in Europe, America, and the Asia-Pacific region. Regionally specialised investment and asset management teams for the different property types and tasks 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.
As real estate experts, we are dedicated to creating and developing sustainable assets and investment opportunities. Financial strength, quality and reliability are the foundation for our sustainable, stable growth.
- 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.
- 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.
- 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 The Edge in Amsterdam, Kings Place in London, Tower 185 in Frankfurt or the “Still” logistic center in Hamburg. 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.
- 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.
- Tailor-made solutions
Deka Immobilien offers advice in tailoring individual investment strategies, implementing all investment decisions professionally and where desired, take on the entire organisational and financial management process.
Strategic corporate development
Our products range from open-ended retail and special funds to tailor-made, risk-adjusted solutions, from asset class-focussed funds such as hotel, retail and logistics, to club deal solutions, individual mandates or administrative service mandates. 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 1.5 million private investors are invested in our four open-ended real estate funds, which primarily target the commercial real estate markets with different regional focus, whether Global, European or North American. Alongside our classic open-ended real estate funds with broadly diversified portfolios, we have provided customised real estate solutions for institutional investors since 1976. We provide our services to more than 400 institutional investors in tailor-made products together with excellent market access and outstanding risk management.
Deka Immobilien intends to continue the growth of both our retail and institutional businesses with the expansion of existing products and the launch of new funds.
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 loca¬tions in major markets, whilst maintaining the highest standards of confidentiality. 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 signifi¬cant advantage over most of its competitors.
Accordingly, our aim is to consolidate our position as a major international real estate asset manager by adopting a quality and stability-oriented approach. We also strive to be a highly sought-after financing partner for leading international property investors.
Performance verification Review & Update
Deka calculates the funds’ performance in accordance with the standards of the German Investment Funds Association BVI (see https://www.bvi.de/en/statistics/performance-statistics/).
Deka Immobilien Investment 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
Deka Immobilien has exchanged contracts to secure the purchase of the “Quadrum” office complex in the central business district of the Lithuanian capital of Vilnius for around EUR 156 million. The seller is UAB Schage Real Estate AS, a Lithuanian subsidiary of the Norwegian developer and real estate portfolio company Schage Eiendom AS. The building complex will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
DekaBank has arranged a loan to the Korean investor Samsung Securities & KB Securities, advised by the La Française Group, for the purchase of a logistics property in Mönchengladbach. DekaBank is the sole underwriter of the loan of EUR 119.3 million, which has a term of five years.
DekaBank has acted as Sole Arranger and Underwriter on a £95.63m four-year term loan secured on 4 Cannon Street, London, EC4M (“4 Cannon Street”).
Deka Immobilien GmbH has purchased an office property in Edmonton, Canada, for around EUR 345 million. The Katz Group and ONE Properties are the sellers. The new building will be added to the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal.
Nuveen Real Estate and DekaBank provide £285m financing for King’s Cross Central Limited Partnership
Nuveen Real Estate and DekaBank have recently acted as joint arrangers of a £285 million, eight-year loan secured on 3 and 4 Pancras Square, two Grade A office buildings located in King’s Cross, London. Nuveen Real Estate and DekaBank jointly provided the financing to a subsidiary of the King’s Cross Central Limited Partnership (KCCLP), a joint venture between AustralianSuper and Argent (King’s Cross).
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