By acquiring “My little Nation” for EUR 89 million, Deka Immobilien invests in a state-of-the-art office and retail complex located in Paris’ vibrant 11th arrondissement. The property was sold by AG Real Estate France, a French subsidiary of Belgian real estate group AG Real Estate. The property combines a prime urban setting, forward-looking building technology, high sustainability standards, and an attractive tenant mix—fully in line with the Deka-ImmobilienMetropolen fund strategy, which focuses on central locations, growth-oriented companies, and innovative work environments.
This investment impresses with its prime location at Place de la Nation, providing excellent access to public transportation via multiple metro lines and regional connections. The surrounding area has undergone extensive revitalization, resulting in added green spaces, pedestrian zones, and bicycle paths. At the same time, sustainability and quality set new benchmarks. The property holds “BREEAM Excellent”, “WiredScore Gold” and “HQE Excellent,” and features 100% geothermal heating and cooling. In addition, “My little Nation” was awarded the Coup de Coeur in the office building category by the jury of the Salon de l‘Immobilier d‘Entreprise (SIMI) in 2024.
The building offers flexible workspaces and high-quality workplaces across 7,748 sqm of lettable space. A spacious rooftop terrace and more than 1,000 sqm of landscaped outdoor areas ensure an exceptional environment. The main tenant, “Citeo,” stands for innovative recycling solutions, and the well-known discount retailer ALDI further enhances the building’s tenant profile.
This investment complements Deka-ImmobilienMetropolen’s existing engagement in France (“Theodore”) with a future-proof site in the highly sought-after central area of Paris. As a result, there is long-term potential for rental growth and optimal portfolio diversification.
With this acquisition, the Deka-ImmobilienMetropolen portfolio is enhanced in line with the fund’s profile by adding another high-quality property in the dynamically growing metropolis of Paris - one of Europe’s most sought-after locations. The transaction offers the fund’s management the opportunity to invest beyond the traditional CBD in a highly attractive urban environment and to leverage long-term rent increase potential. Moreover, the fund secures the property under adjusted purchase terms.