Becken, a company specialising in property development, revitalisations and the asset and investment management of commercial and residential real estate, together with HASPA PeB, an expert for bespoke financing arrangements and property developments, sold their property “Am Borsigturm 130” in Berlin to DIC Asset AG. The transaction was closed toward year-end 2021. DIC Asset AG acquired the property for a new institutional infrastructure fund.
As recently as September 2021, Becken and HASPA PeB had reported the letting of the property to the Institute for Federal Real Estate (BImA) on a long-term lease of around 17 years. In its role as the central real estate company of the German Government, BImA has made the property’s roughly 18,500 square metres of administrative and archive area plus 60 associated parking spots available to the German Federal Archives to accommodate the staff and records of the department for person-based information relating to World Wars I and II.
Roland Köppe, Head of Acquisition & Project Development, Becken Development GmbH, said: “Fully occupied on a long-term lease, the property benefits from easy access to the transportation infrastructure in the city’s vibrant district of Tegel, which enhances its appeal as an investment asset. We are delighted that these attributes convinced DIC Asset AG to buy another asset from Becken.” Harald Hempen, the Managing Director of HASPA PeB, added: “Having successfully let the property, the sale has now vindicated our assessment of the joint project, which was positive from the start.”
Image Rights Glave and Source : Becken