DIC Asset AG’s Acquisition of HangarOne Building in Cologne

Noerr advised DIC Asset AG, while Kapellmann und Partner advised nesseler projektidee gmbh.

DIC Asset AG announced its acquisition of an office building in Cologne’s Ossendorf district.

The new ‘HangarOne’ building in Cologne-Ossendorf, built on the former historic airport site, was purchased for around EUR 38 million (GIK) for a special fund. The five-storey building has around 8,500 square metres of lettable space and is scheduled for completion in the fourth quarter of 2020. The seller is Aachen-based project developer nesseler projektidee gmbh.

DIC Asset AG currently manages real estate with a market value of around EUR 8.5 billion in its own portfolio and for third parties.

DIC Asset AG, a leading German listed property company, regularly relies on the advice from Noerr and its Frankfurt real estate partner Alexander Jänecke.

Noerr LLP team was led by Alexander Jänecke and included Christoph Hons (Picture), Dr Martin Haisch, Dr Elmar Bindl, Dr Sebastian Leidel and Linda Degen.

Kapellmann und Partner was led by Dr Stefan Kaiser.

Involved fees earner: Stefan Kaiser – Kapellmann und Partner; Elmar Bindl – Noerr; Linda Degen – Noerr; Martin Haisch – Noerr; Christoph Hons – Noerr; Alexander Jänecke – Noerr; Sebastian Leidel – Noerr;

Law Firms: Kapellmann und Partner; Noerr;

Clients: DIC Asset AG; nesseler projektidee gmbh;