Frankfurt-based Deka Immobilien plans a €25m extension to a logistics property in Bremen.
The building is part of the portfolio of Deka’s open-ended real estate fund WestInvest TargetSelect Logistics.
Located in the south-east of the city in the industrial area Hansalinie, the property was acquired in 2010.
Deka is planning to extend the property by 16,000 m2 and develop an additional 23,700 m2 building. Construction work is expected to be completed in November 2013 and the property will be handed over to tenants Daimler Benz.
