Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Deka Immobilien Buys Offices in London, Paris for $248 Million

Don't Miss Out —
Follow us on:

Aug. 18 (Bloomberg) -- Deka Immobilien, the real estate investor funded by Germany’s state-owned savings banks, bought offices in London and Paris for more than $248 million.

Deka paid 97.1 million pounds ($151.8 million) for a building close to the 02 Arena in London’s Docklands, it said in a statement today. The building, purchased from Quintain Estates & Development Plc and Lend Lease Group, is occupied on a 20-year lease by Transport for London, the agency responsible for the U.K. capital’s bus and subway services, the Frankfurt-based fund said.

Deka, the property unit of investment fund manager Dekabank Deutsche Girozentrale, paid about 75 million euros ($97 million) for the Opera Gramont office complex in Paris’s financial district, it said in a separate e-mailed statement today. The building is occupied by Coty Inc., the world’s largest fragrance company. It was bought from a unit of Spain’s Banco Santander SA.

To contact the reporter on this story: Peter Woodifield in Edinburgh at pwoodifield@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.