Deka Immobilien has purchased a high-quality office property with retail space in Paris for €89 million. The seller, AG Real Estate France, is a subsidiary of the Belgian real estate group AG Real Estate. The property will be integrated into the open-ended real estate fund Deka-ImmobilienMetropolen (DIM). The newly built property, completed in March 2024, offers 7,750 sqm of leasable space, including a rooftop terrace. It is fully leased under long-term agreements. The main tenant, Citeo, focuses on sustainable waste management and resource optimization, while the retail space is occupied by discount retailer Aldi. Located at Place de la Nation in Paris’s 11th arrondissement, the property sits in a dynamic and increasingly desirable office market. The area, supported by excellent infrastructure, is attracting innovative companies and young professionals, particularly from the technology sector. “My Little Nation” boasts top sustainability credentials, holding both BREEAM ‘Excellent’ and HQE ‘Excellent’ certifications. It was also recognized with the Coup de Coeur Award in the office building category at the 2024 Salon de l’Immobilier d’Entreprise (SIMI). This acquisition aligns with Deka-ImmobilienMetropolen’s strategy of investing in high-quality properties in Europe’s key metropolitan areas. By securing a premium asset outside the traditional Central Business District, the fund management taps into the growth potential of Paris’s eastern sub-market, enhancing long-term rental income prospects. The transaction was completed under favorable terms, reinforcing Deka-ImmobilienMetropolen’s position in one of Europe’s most sought-after real estate markets.