DIC has finalised the lease of around 14,000 m2 (or roughly 70% of the entire lettable area) of its MainTor Porta office complex in Frankfurt to Union Asset Management Holding.

This is the largest new letting contract of 2011 in downtown Frankfurt, DIC said in a statement.

Construction on this first phase of the MainTor Porta project is due to start in the first quarter of 2012 and preparations are now under way for the second phase. The project forms a new riverside financial district in Frankfurt and is being developed as five separate sub-projects of varying size.

‘This major signing clearly showcases MainTor Quarter as an attractive future component of Frankfurt’s financial district in riverside location,’ said CEO Ulrich Höller in a statement. ‘The swift progress that the marketing of MainTor Quarter is making means that we are right on track with the project development, and this in currently difficult economic times.’