Deka Immobilien invests in Melbourne and Perth - acquisitions worth approx. €150 million (DE/AU)

Deka Immobilien GmbH has recently completed the purchase of two properties in Australia for approximately €150 million.

Deka Immobilien acquired 15 William Street in Melbourne for its open-ended fund, Deka-ImmobilienGlobal, for approximately €95 million. The vendor was a fund managed by Australian asset manager AMP Capital Investors. The 40,000-m² building is fully let. United Customer Management Solutions, a communications company, is the main tenant. The building attracts tenants due to its prime centre city location, high quality interior finishes and excellent transportation links.

Further, with the purchase of the Australian Taxation Office building in Perth, Deka Immobilien completed an acquisition for the individual property fund Deka-S-PropertyFund No. 2 for approximately €54 million. The property is located to the northwest of the city center, near the main railway station. The 22,000-m² building is fully-let, on a long-term lease, to the Australian tax authorities and serves as their Western Australia headquarters. It is one of the few buildings in Australia that has achieved a 5-star NABERS energy rating.

The NABERS rating system was established in 1999 as a standardised tool to measure the energy efficiency and environmental impact of buildings in Australia. A 5-star rating represents the highest possible energy efficiency rating a building can achieve.

The DekaBank Group is the largest provider of open-ended property funds in Germany. The two investment companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH, together manage fund assets of over €18 billion. As a sister company, Deka Immobilien GmbH is responsible for the acquisition and disposal of properties, management of these assets and all other property-related services as well as for product development. Combined with the Real Estate Lending unit of DekaBank, the three companies form the Group's Asset Management Property (AMI) business division.

Source: DekaBank

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