Press Release
Deka Immobilien sells two logistics halls in France at a profit
Frankfurt, 28.05.2025
Deka Immobilien has sold two logistics properties at different locations from a special fund in the Paris region. The purchaser of the two properties is an institutional investor. The parties have agreed not to disclose the sales price.
The logistics hall in Saint Witz, built in 2002, comprises over 28,000 sqm of leasable space and 131 parking spaces. It is leased in its entirety to supply chain specialist Global Services Automotive. The property is approximately 35 km north-east of Paris in the immediate vicinity of Charles de Gaulle Airport. After being held for 10 years, it is now changing hands. Halls A and B in Brie Comte Robert offer over 40,000 sqm and 224 parking spaces. Hall A is used in its entirety by La Poste, and Hall B in its entirety by Portmann Logistics. The property, which was built in 2003 and 2004, is located around 30 km south of Paris. It is being sold after having been held for almost 15 years. Both properties have been certified by BREEAM, the British certification for sustainable construction.
This transaction sees the special fund management using this favourable sales opportunity to optimise the portfolio. The properties are coming to the end of their initial real estate cycles due to their age and remaining leasing periods.
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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