Deka Immobilien, the property arm of Germany's Deka Bank, has acquired 50 Finsbury Square, London from Standard Life Investments for approximately £113mln (EUR 143mln), reflecting a net initial yield of around 5.5%. The acquisition was Deka's first in the UK for almost three years.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
