Deka Immobilien: Deka ImmobilienGlobal invests in Osaka again
For its open property fund Deka-ImmobilienGlobal, Deka Immobilien (Properties) has acquired the three-part building ensemble "Urban Terrace" completed in 2006 in the center of the western Japanese metropolis Osaka. The purchase price for the completely rented object in a prime inner-city location ran to approximately €66mn; the seller was the Japanese project developer Urban Corporation. The fund company stated that Japan, due to its stable economic situation and its great potential for commercial properties, will continue to play an essential role in Deka's global investment strategy.