trending Market Intelligence /marketintelligence/en/news-insights/trending/0WmsR_HClj216nq_MU38xw2 content esgSubNav
In This List

Deka Immobilien to buy Bedford, UK, warehouse for £145M

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Deka Immobilien to buy Bedford, UK, warehouse for £145M

Deka Immobilien Investment GmbH is under offer to acquire a 1 million-square-foot warehouse leased to B&M European Value Retail SA in Bedford, U.K., for more than £145 million, Property Week reported.

DTRE had been seeking at least £144 million for the property, which it has been marketing as a 20-year sale and leaseback opportunity, according to the report. The transaction is expected to result in a net initial yield of 4.5%. UK Land and Property developed the asset.

The facility was completed in July, and B&M transferred into the warehouse in September.

Deka's deal is expected to be completed in 2020. Savills was reported to be representing Deka in the deal.