The German firm Deka Immobilien has acquired 100% of the share capital of Bedford DC Investment Limited, which owns the B&M distribution centre in Bedford (United Kingdom) for GBP 153.8 million (around €177 million at the current exchange rate). The property contains a warehouse spanning more than 300,000 square meters.
This purchase marks Deka’s return to the UK logistics market, following its sale of Sainsbury’s distribution centre in Waltham Point in 2014, according to Property Funds World.
The fund has carried out this operation just a few days after reporting that it plans to invest €500 million in the Spanish real estate market in 2020, although that figure is flexible and may increase.
Translation/Summary: Carmel Drake