Updated Dec 19, 2023
DIC Asset AG Acquires Office Property In Cologne From TPG Real Estate
Josef Lammerting Allee, Köln, Köln, Germany
$267,000,000
Building Size
—
Asset Type
Office
Closing
Dec 9, 2021
About this deal
AI
DIC Asset AG, led by Sonja Wärntges, has completed the acquisition of an office property in Cologne, Germany. The property, located at Josef-Lammerting-Allee 24, Maarweg 149/161, and Eupener Str. 125 in Cologne, offers a prime office space in a strategic location. The transaction was closed on September 12, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: €267,000,000
- Address: Josef-Lammerting-Allee 24, Maarweg 149/161, and Eupener Str. 125, 50933 Köln, Germany
- Buyer: DIC Asset AG - Sonja Wärntges
- Seller: TPG Real Estate
DIC Asset AG, represented by Sonja Wärntges, acted as the purchaser in this significant real estate transaction. The acquisition showcases DIC Asset AG's commitment to expanding its portfolio and strengthening its presence in the German market.
Players
Cologne Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93