Deka Immobilien Adds Prime Office and Hotel Assets in Cologne to Deka-ImmobilienEuropa Fund

Deka Immobilien Adds Prime Office and Hotel Assets in Cologne to Deka-ImmobilienEuropa Fund

(IN BRIEF) Deka Immobilien has acquired the Gerling Garden building complex in Cologne for its Deka-ImmobilienEuropa fund, purchasing the assets from a Quantum and Proximus joint venture. The complex includes two modernised office buildings with around 18,800 square metres of space and a 207-room hotel operated by 25hours, all secured by long-term leases. Located within Cologne’s inner city ring, the properties benefit from strong sustainability credentials and recent refurbishment. The acquisition aligns with the fund’s strategy of investing in high-quality assets in prime locations while deploying newly raised investor capital.

(PRESS RELEASE) FRANKFURT, 19-Dec-2025 — /EuropaWire/ — Deka Immobilien has completed the acquisition of the Gerling Garden building complex in Cologne, expanding the portfolio of its open-ended public real estate fund Deka-ImmobilienEuropa. The seller is a joint venture between Quantum and Proximus, while the purchase price has not been disclosed by mutual agreement.

The Gerling Garden complex comprises three legally and technically independent assets. These include the two office properties The Gate & The Hall and The Lime, which together offer approximately 18,800 square metres of lettable office space, as well as the hotel The Circle with 207 rooms. The buildings, originally constructed in the 1960s, form part of the Gerling Quartier Süd, a revitalised urban district developed on the former site of the Gerling Group and now home to a mix of residential and commercial uses.

A comprehensive core refurbishment of the two office buildings was completed in 2025, bringing them up to modern standards, while the hotel component was finalised earlier in 2018. All properties benefit from long-term lease agreements. The office buildings are almost fully let, while the hotel is operated under a long-term lease by the established lifestyle brand 25hours.

The complex is situated within Cologne’s inner city ring, one of the city’s most sought-after central locations. In terms of sustainability credentials, The Gate & The Hall and The Lime have both achieved BREEAM certification with a rating of “Excellent,” while the hotel holds a BREEAM rating of “Very Good,” underlining the environmental quality of the assets.

With this acquisition, the management of the Deka-ImmobilienEuropa fund continues its strategy of investing in high-quality properties in prime urban locations supported by stable, long-term rental income. The transaction also enables the fund to deploy investor capital that was recently raised, reinforcing its focus on timely and disciplined portfolio expansion.

Deka Immobilien forms part of the Deka Group, whose real estate activities are bundled within its Real Estate Division. Through its management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH, the group oversees real estate assets totalling around EUR 51 billion as of the end of 2024. As part of the wider Deka Group and the German Savings Banks Finance Group, Deka continues to provide both private and institutional investors with access to a broad range of investment solutions across securities and real assets.

About Deka
DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.
The Deka Group’s global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 51 billion (as at 31/12/2024) in real estate assets.

Media Contacts:

Dr. Daniela Gniss
Pressesprecherin
069 / 7147 – 2188
daniela.gniss@deka.de

Christian Pommée
Pressesprecher
069 / 7147 – 7761
christian.pommee@deka.de

SOURCE: Deka Immobilien