Deka Immobilien invests in top Paris location

 
Frankfurt, 15.12.2025

Deka Immobilien has acquired a mixed-use property in Paris for 33 million euro. The seller is a private property owner. The property will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.

The building, constructed in the Haussman style in the second half of the 19th century, is located at 21 Avenue de l'Opéra and comprises a total of almost 2,500 sqm of leasable office, retail and residential space. It is currently leased to four users. In 2019, Deka Immobilien was able to purchase for Deka-ImmobilienEuropa the neighbouring building complex at 23 Avenue de l'Opéra and 29 Pyramides, which surrounds the newly acquired property. The existing property and newly acquired property on Avenue de l'Opéra occupy the retail space leased to French retailer Monoprix on the ground floor, first floor and basement. The retailer has been based at this prime location between the Paris Opera and the Louvre in the first arrondissement for 85 years and benefits from high footfall and increasing numbers of tourists.

This transaction is an opportunity to expand Deka Immobilien's attractive portfolio of buildings in Paris's Central Business District by adding the remaining central property and completing the ensemble. This will not only create synergies in asset management, but also provide the opportunity to respond flexibly to future market developments and tenant requirements by establishing connections between the two properties.
 

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.