Becken, acting together with HASPA PeB, has sold their property “Am Borsigturm 130” in Berlin to DIC Asset AG. DIC Asset AG acquired the property for a new institutional infrastructure fund. The property, which comprises roughly 18,500m² and offers 60 associated parking spots, is currently let to the Institute for Federal Real Estate (BImA) on a long-term lease of around 17 years. The purchase price was not disclosed.
Roland Koppe, Head of Acquisition & Project Development, Becken Development GmbH, said: “Fully occupied on a long-term lease, the property benefits from easy access to the transportation infrastructure in the city’s vibrant district of Tegel, which enhances its appeal as an investment asset. We are delighted that these attributes convinced DIC Asset AG to buy another asset from Becken.”
Harald Hempen, the Managing Director of HASPA PeB, added: “Having successfully let the property, the sale has now vindicated our assessment of the joint project, which was positive from the start.”
