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6 February 2012

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Deka could have taken E4bn new capital in 2009

Last year, the fund manager of the German savings bank system DekaBank could have taken in as much as E4bn in new capital to invest in property, such was the strength of demand from retail investors from the savings bank system, says a top official. Deka Immobilien Managing Director Thomas Schmengler told the CIMMIT conference in Frankfurt yesterday: "I assume we could have taken in E3bn or E4bn last year but it would have been just too difficult to deal with." (See upcoming PIE editions for full story)

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