trending Market Intelligence /marketintelligence/en/news-insights/trending/Pd3CHU2jyz8LipOnRFxsmQ2 content esgSubNav
In This List

DIC Asset sheds €143M German commercial portfolio

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


DIC Asset sheds €143M German commercial portfolio

DIC Asset AG sold a German commercial portfolio worth approximately €143 million to an institutional investor represented by Cording Real Estate Group GmbH.

The 100,000-square-meter portfolio comprises 10 mostly single-tenant office properties located in A- and B-class German cities such as Hamburg, Cologne, Mannheim and Erlangen, and it generates an annual rental income of roughly €11 million. The transfer of assets and related rights and obligations is scheduled to take place in the second quarter of the year.

BNP Paribas Real Estate and CMS Hasche Sigle advised DIC in the deal.