Deka Immobilien buys office tower in Canada for $240 million

Deka Immobilien has acquired an office skyscraper in Montréal. The seller is Cadillac Fairview, a wholly-owned subsidiary of the Ontario Teachers’ Pension Plan. The property will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienMetropolen (DIM). According to Canadian media, the purchase price is $240 million.…