Press Release, 9 August 2019

Munich, 9 August 2019 – LPA-GGV Munich has advised DIC Asset AG on the acquisition of a Berlin office property.

Subject of the asset deal is the office property “The Safe” in Berlin-Mitte. The property, which is a single-tenant building on nine floors, consists of around 10,000 sqm of rental space and 38 parking spaces. The property is fully let to DKB.

DIC Asset AG is one of Germany’s leading listed real estate companies. With around 20 years of experience in the German real estate market, the company runs six regional representations in all major German markets and manages 175 properties with a total market value of around EUR 7.1 billion.

LPA-GGV continuously advises DIC Asset AG regarding the acquisition of commercial real estate.

The seller is Real I.S. AG, a fund service provider of BayernLB specialised in real estate investments.
Real I.S. AG serves both private and institutional investors and is one of the leading asset managers in the German market.

The purchase price of the property is in the low three-digit million range.

Buyer:

LPA-GGV Rechtsanwälte Steuerberater (Munich): Dr. Fabian Tross (Partner, lead advisor, real estate law), Marcel Graf (Local Partner, real estate law), Dorothea Schimmel (Local Partner, public law), Gerhard Köglmeier (Senior Associate, taxes)

Seller:

Real I.S. AG (Munich): Julia Straßer (in-house lawyer)
Görg Rechtsanwälte (Berlin): Silvio Sittner