DIC Asset AG acquires regional office building for c.€51m (DE)

DIC Asset AG acquires regional office building for c.€51m (DE)

DIC Asset AG has acquired an office property in Leverkusen-Mitte, Germany for c.€51m. The building, which was completed in early 2018, covers a gross lettable area of around 13,300 m² and includes 301 parking spots. The building’s anchor tenant, the pronova BKK, one of Germany`s largest health insurance companies, moved into the building shortly after its completion. The weighted average lease term (WALT) is 16 years. The property was sold by Landmarken AG.

 

“Leverkusen is a city with strong economic potential, and therefore this acquisition goes very well with the strategic alignment of our Commercial Portfolio. The objective we are pursuing with the purchase of this property is to supplement our portfolio with optimal yield opportunities and to boost its growth,” said Sonja Wärntges, CEO of DIC Asset AG.

 

The acquisition in Leverkusen was facilitated by BNP Paribas Real Estate.

Related News