DEKA snaps up Tesco Distribution Centre

In a deal that apparently closed on Christmas Eve, and therefor counts towards the 2009 numbers, DEKA Immobilien has acquired Tesco’s 60,000 sqm distribution center just outside Prague for €36m. It has been placed in the the investors open-ended fund Deka-ImmobilienEuropa. DEKA did a similar sale and leaseback arrangement with Tesco in Warsaw last summer. Cushman & Wakefield acted for Tesco in that case as well, just as it did in a separate deal in Hungary in which WP Carey bought Tesco’s distribution center.

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