Deka Immobilien Investment GmbH has acquired an office building in Tokyo for its Deka-S-PropertyFund No. 1. The nine floor TK Shinbashi Building, that lies in the Mianto-ku district, was completed in 1998 and is fully rented. The investment amounted to approximately € 37 million.
Since December 2003, Deka has also acquired the Florenc Office Center in Prague (Czech Republic) and the majority interest in a distribution center in New Jersey (USA). The fund invests predominantly in expanding European real estate markets and considers further investments in Sweden, Italy and the Czech Republic.