DIC Asset AG has signed a contract to secure the new-build construction project “Infinity Office” in Dusseldorf for its proprietary portfolio within the framework of a forward deal in a volume of €153m.
The property represents an office complex under construction in the city’s prestigious Kennedydamm office submarket halfway between the inner city and the airport. The modern development with its state-of-the-art fit-out standard will have a lettable area of 20,500m², and is already pre-let to 85% at this time on a WALT of 12.6 years. The main tenant is Bankhaus Lampe KG. The project completion is scheduled for year-end 2019. The builder, Becken Development, is a property developer active across Germany. The transaction was facilitated by Savills.
“Securing this modern property in Dusseldorf - where it occupies a location of major infrastructural and economic significance, is raised by a well-established property developer and is let to auspicious tenants - marks the next milestone in our growth strategy,” said Sonja Warntges, CEO of DIC Asset AG.
