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DIC Asset to invest €90M in Berlin office project

German diversified property company DIC Asset AG secured an office construction project in West Berlin's Halensee subdistrict with an approximately €90 million forward deal with developer Casada GmbH.

The planned eight-story property at Heilbronner Str. 26 will contain about 16,000 square meters of lettable area when completed in early 2021.

Engel & Völkers Commercial Berlin acted as intermediary for the transaction.