DIC sells Berlin eBay campus
TD has received information that the Frankfurt real estate company DIC Asset is selling the eBay campus at the Europarc Dreilinden business park in Berlin’s Kleinmachnow district. The campus, located at Albert-Einstein-Ring, consists of three buildings which have around 19,300 sqm of total lettable space and which are fully let to eBay. The deal should be closed by the end of the year. DIC had acquired the property from Europarc Dreilinden GmbH for around €39mn in 2004. The property was then placed in the starting portfolio of the Spezialfonds “DIC Office Balance III” in 2015. Meanwhile, a property in Fürth was recently acquired for the “DIC Office Balance IV”. The acquisition involves an office property with 10,200 sqm of lettable space and 110 parking spaces for around €19mn. The property is almost fully let, with current leases running for another 3.8 years on average.
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