Deka Immobilien sells office complex in Paris for EUR 430 million

Deka Immobilien has signed an agreement to sell an office complex in Paris for approximately EUR 430 million. The property was part of the Deka-ImmobilienEuropa open-ended real estate fund. The buyer is Gecina, a major French real estate company.

The complex consists of three interconnected buildings originally constructed in 1911, 1935, and 1964. Following a restructuring in 2013, the site was unified into a single complex comprising the Rocher and Vienne buildings. The total leasable space amounts to around 32,000 square metres, with an additional 197 parking spaces for cars and 77 for motorcycles. Located in Paris’ 8th arrondissement near the Saint-Lazare railway station, the property holds LEED Gold certification and a BREEAM “Very Good” rating for sustainability.

The Vienne building remains fully leased to four tenants, while the Rocher building became vacant in April 2025. Deka-ImmobilienEuropa had held the asset for 14 years and is now selling it at a price above both its book value and original acquisition cost. According to the fund’s management, the decision to sell reflects the current favourable investment climate and the opportunity to reduce exposure to potential vacancy or conversion risks. Proceeds from the sale are intended to support new investment opportunities.