Deka Immobilien sells office and service building in Yokohama’s High-Tech Park at a profit

 
Frankfurt, 01.12.2025

Deka Immobilien has successfully sold an office and service building in the Hakusan High-Tech Park in Yokohama, Japan. The buyer is Godo Kaisha Hakusan, set up by a consortium of several Japanese institutional investors, which acquired the property from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal. The parties have agreed not to disclose the purchase price.

The “German Industry Park” was built in 1987 and comprises a lettable space of approximetaly 15,600 sqm and 107 parking spaces. In addition to office space, the property offers flexible usage options for production, research, product presentations and warehousing. The facility is complemented by a restaurant, a caféteria and training rooms. The property is fully let to 24 tenants from the industrial, technology and manufacturing sectors.

The property is located in the Hakusan High-Tech Park in Yokohama, Japan's second largest city. The German Industry Park is considered a central hub for German companies seeking access to the Japanese market and the region. The transport links are excellent: Tokyo Haneda International Airport is approximetaly 20 kilometers away and the nearby train station offers a fast connection with the high-speed train running between Tokyo and Osaka every ten minutes.

The property has been awarded four out of five stars under the Japanese CASBEE certification system for green buildings.

With this transaction, the fund management is taking advantage of the favourable market conditions in Japan after holding the property more than 17 years, selling an older property as part of its active portfolio management strategy. The fund plans to reinvest the liquidity gained from the sale in the near future in order to take advantage of countercyclical purchase opportunities. Over the entire holding period, investors achieved a significant profit from the sale. 

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.