Deka Immobilien acquires prime properties in Cologne city centre

 
Frankfurt, 19.12.2025

Deka Immobilien has acquired the Gerling Garden building complex in Cologne. The seller is a joint venture between Quantum and Proximus. The properties will be added to the portfolio of the Deka-ImmobilienEuropa open-ended public real estate fund. The parties have agreed not to disclose the purchase price.
 
The complex consists of three legally and technically independent properties. It comprises the two office buildings ‘The Gate & The Hall’ and ‘The Lime’ with a total lettable area of approximately 18,800 square meters and the hotel ‘The Circle’ with 207 rooms. The ensemble, which dates from the 1960s, is part of the Gerling Quartier Süd, a revitalised quarter with buildings for living and working on the former site of the Gerling Group. The core renovation of the two office buildings was completed in 2025, while the hotel had already been completed in 2018.
 
The office buildings are leased on a long-term basis and almost entirely. The hotel is also leased on a long-term basis to the established lifestyle hotel concept 25hours. The complex is located within Cologne's inner city ring. The two office buildings have been certified with the British BREEAM seal of approval for sustainable construction with a rating of ‘Excellent’ and the hotel with a rating of ‘Very Good’.
 
With this transaction, the fund management of Deka-ImmobilienEuropa is investing in top-quality properties in very good locations with long-term leases. The fund is thus promptly investing the new investor funds that were recently successfully raised.

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 more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.

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.