Press Release
Deka Immobilien sells office building in Frankfurt
Frankfurt, 06.10.2025
Deka Immobilien has sold an office building in Frankfurt am Main that was previously part of the portfolio of the Deka-ImmobilienEuropa open-ended property fund. IMAXXAM, an independent partner for the management of real estate funds, has acquired the Lighttower in Frankfurt's Ostend district for its German Small Asset Invest (GSAI) real estate fund. The parties have agreed not to disclose the purchase price.
The building offers more than 10,000 m² of leasable space and 87 parking spaces. It is almost fully leased to 13 users, with Frankfurt Economic Development occupying the largest space. The property is located on Hanauer Landstraße 126–128 in the Ostend submarket, near the European Central Bank and the Ostbahnhof railway station. It was built in 1966 and underwent extensive renovation between 2002 and 2005, with an additional floor being added.
With this transaction, the fund management of Deka-ImmobilienEuropa is divesting itself of a long-held property as part of its portfolio optimisation efforts. Over the entire holding period, the Fund generated a respectable overall return for investors with this property.
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 427 billion euros (as at 30.06.2025) and 5.9 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.
Your contact person
