German fund manager Deka Immobilien has sold a 7,300-m[sup]2[/sup] office property in the Brussels' suburb of Woluwe for EUR 15 mln. The buyer is Ethias, the third largest insurer in Belgium. The asset was owned by Deka's open-ended real estate fund Westinvest Interselect since 1997 and was sold to Ethias as part of Deka's programme to reduce the proportion of smaller and older assets held by its own-ended funds.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
