Deka Immobilien: Shopping center acquired in Lithuania
Deka Immobilien GmbH has acquired the Akropolis Shopping Center in Kaunas, Lithuania. The shopping center, which opened in 2007 in the heart of the city center, is to be integrated into the special assets of the WestInvest InterSelect open-ended mutual real estate fund. The object has a total area of approximately 60,000 sqm on four floors. The seller is Akropolis, UAB, a retail property developer. This acquisition is the second investment in Lithuania for Deka Immmobilien. In 2007, it acquired the BiG Shopping Center in Vilnius for its Deka-S-Property Fund No. 2.