DIC Asset AG’s €28 Million Acquisition of a Logistics Complex

Noerr advised DIC Asset AG in the transaction.

DIC Asset AG completed the acquisition of a fully-let multi-tenant logistics complex for its commercial portfolio by way of a share deal, for €28 million.

The newly acquired complex was already transferred to DIC Asset AG’s portfolio at the end of the third quarter. The SDAX-listed company is seeking green building certification for the complex.

The fully-let multi-tenant logistics complex in the eastern German city of Halle (Saale) consists of two separate buildings with a total of around 19,300 m2 of lettable space, one of which was completed only recently.

DIC Asset AG is Germany’s leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors.

The Noerr team was led by Dr Tim Behrens (Picture) and Dr Alexander Jänecke and also included Valentina C. Glasa, Luca Marie Toth (all Real Estate, Frankfurt), Ines Coenen (Public Law, Munich).

Involved fees earner: Tim Behrens – Noerr; Ines Coenen – Noerr; Valentina Catharina Glasa – Noerr; Alexander Jänecke – Noerr; Luca Marie Toth – Noerr;

Law Firms: Noerr;

Clients: DIC Asset AG;

Federica Tiefenthaler

Author: Federica Tiefenthaler