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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
DekaBank adds e220m assets in 2009, AUM near e20bn
Germany's DekaBank has remained on the acquisition trail early in the new year and added an estimated e220m to its real estate asset base which, officials now say, has reached nearly e20bn. Latest acquisition is the Jungmannova Plaza office complex in central Prague for a price of e40.6m, sold by struggling Austrian listed group Immoeast. It is destined for one of Deka's open-end property funds - which have remained open despite closure of many sector peers. DekaBank runs the funds through the management firms Deka Immobilien Investment und WestInvest - which until mid-2008 had e18bn AUM.