Press Release
Deka Immobilien sells health centre in Finland
Frankfurt, 13.08.2025
Deka Immobilien has sold an health centre in Helsinki for around EUR 100 million. The property is part of the real estate assets of the open-ended real estate fund WestInvest ImmoValue, which targets exclusively institutional investors. Finnish investor VVT, which specialises in commercial real estate in Finland's largest cities, is acquiring the property for its VVT Property Fund ll KY fund.
The Kalasatama Health Centre comprises 19,800 sqm of leasable space and 35 parking spaces. It is located around three kilometres east of the Central Business District, directly on the coast in the Finnish capital. The property was completed in 2017 and is fully leased on a long-term basis with the City of Helsinki as the main tenant.
The sale sees the fund management of WestInvest ImmoValue taking advantage of a favourable sales opportunity while at the same time divesting itself of a property that no longer aligns with its strategy. Investors have generated a positive performance contribution with the property over the holding period of around ten years.
About Deka
Deka Group, consisting of DekaBank Deutsche Girozentrale and its subsidiaries, is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). With total customer assets under management of 416 billion euros (as at 31.12.2024) and 5.7 million securities accounts, it is one of the largest securities service providers and real estate asset managers in Germany. Deka Group offers investment solutions and services for private and institutional investors and aligns its products with the requirements of its owners, the savings banks.
The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 51 billion (as at 31/12/2024) in real estate assets.
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