Deka, the largest provider of open-ended real estate funds in Germany, has kept up the hectic pace of its investment activity by agreeing its third transaction in Finland this year. The bank's Deka Immobilien property unit bought the seven-storey Kluuvikatu 3 (K3) office and commercial property in Helsinki from Cambridge Place Investment Management for EUR 50mln. The property is being contributed to Deka's Westinvest Immovalue fund.
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