DIC Asset acquires Berlin office scheme for €90m (DE)

DIC Asset acquires Berlin office scheme for €90m (DE)

DIC Asset AG has secured a construction project at Heilbronner Str. 26 in Berlin via a forward deal with Casada GmbH. The total investment volume adds up to c.€90m. The office development is located in the Halensee sub-district of West Berlin and enjoys a close proximity to Kurfurstendamm. The modern eight-storey building with its high fit-out standard and state-of-the-art technical specifications will provide around 16,000m² of lettable area after its completion in early 2021. The plans call for flexible layout concepts and unit sizes, especially so as to accommodate the strong demand for connected floor plates.

 

“Once completed, this new construction project will optimally complement our proprietary portfolio in regard to the economically significant location of Berlin and the quality of the property itself. It will sustainably bolster the operating performance indicators and our portfolio mix,” said Sonja Warntges, CEO of DIC Asset AG.

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