Deka Immobilien Buys €37M Italian Warehouse

Deka Immobilien has bought an Italian logistics property for €37 million.

Deka Immobilien has bought an Italian logistics property for €37 million, Europe Real Estate reports. The warehouse is currently under construction and final completion is expected in December 2011.

The seller is project development company Vailog. The property is leased to two logistics companies. The deal will boost Deka Immobilien’s portfolio of environmentally sustainable properties.

Click here for the story from Europe Real Estate.