DIC Asset spends EUR 320m on German office portfolio

Frankfurt-based real estate investment company DIC Asset has acquired a portfolio of offices and business premises in Germany from insurers AXA Group and DBV Winterthur in a sale and partial leaseback deal. The combined total area involves about 182,000 m[sup]2[/sup] and the total investment volume, including costs, amounts to EUR 320 mln. The area is divided into 15 real estate complexes mainly in the Rhine-Main region, Wiesbaden, Düsseldorf, Berlin and Munich.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories