Deka Immobilien acquires logistics property in Germany

Frankfurt, 29.09.2023

Deka Immobilien has acquired the logistics property "MultiBusinessHub" in Niederaula, Hesse, for a special fund. The seller and client who commissioned the building is Lang & Cie Industrial AG, a project developer specialising in logistics real estate. The parties have agreed not to disclose the purchase price.

The sustainable new building with a building area of more than 18,000 sqm was recently completed. The logistics service provider Advastore SE has leased the entire property on a long-term basis and equipped it with state-of-the-art intralogistics systems. The property is located in the East Hessian municipality of Niederaula between the Kirchheimer and Hattenbach junctions, which is a logistics hotspot in Hesse. DGNB Gold certification for sustainable construction is being sought for the building.

DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of EUR 373 billion (as at 30/06/2023) and 5.4 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. DekaBank is a wholly owned subsidiary of the German Sparkasse savings banks and forms an integral part of the Sparkassen-Finanzgruppe.