German open-ended fund manager Deka has entered into exclusive negotiations with Spain's Realia to acquire the flagship Diagonal 640 office building in Barcelona for around EUR 150 mln, according to market sources. The property, which is being marketed by CB Richard Ellis, was put on the market in early 2010 in a bid by the Spanish firm to refinance its debt load.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
