Deka Immobilien is continuing its internationalization strategy by expanding its Asia portfolio with its first investment in South Korea. For the equivalent of €68 million, it has acquired an office and commercial property from securities trading group Seoul Securities. The property will be part of Deka-ImmobilienGlobal and lifts the Asia-Pacific share of the open-ended property fund’s portfolio to 23.5 percent.
At the same time, Deka Immobilien