Berlin: DIC invests €90mn in Halensee office project


DIC Asset is acquiring an office development located near Kurfürstendamm in Berlin’s Halensee district in a forward deal. It involves a new building, with eight floors and around 16,000 sqm of lettable space, at Heilbronner Straße 26. It should be completed by early 2021. The developer and seller is the Berlin-based company Casada, which had announced an investment volume of around €60mn this past summer. DIC has now announced a total investment volume of around €90mn. Engel & Völkers Commercial Berlin brokered the transaction.

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