DIC Asset acquire two properties for €139m

Germany-based DIC Asset AG has paid €139 million ($161 million) for two properties in Berlin and Mettmann, Germany.

One building houses the Berlin operations center of Deutsche Bahn, which will be managed in an institutional infrastructure fund for third parties, while the other building is a certified multitenant office property in Mettmann (near Düsseldorf) that the company will keep in its own commercial portfolio.

"The last weeks of the year are always very dynamic and full of opportunities in our industry. This year, too, we will use this time and the opportunities to add profitable investments to our portfolio. We will start with the two properties in Berlin and Düsseldorf. A good start for the finale of an already successful year and the best prospects for our development in 2022," said Sonja Wärntges, CEO of DIC.

The Deutsche Bahn head office in Berlin meets all the requirements of the institutional investors in regard to tenant quality and infrastr