Hamburg, December 21, 2020. The German project developer Becken has contractually secured the sale of its Wiesbaden office project development "Lincoln Offices II" to a special fund of DIC Asset AG as part of a forward deal. Around 18,000 square meters of total rental space will be created on the approximately 13,000 square meter site at Abraham-Lincoln-Park 3 by summer 2022. The property is let to the state of Hesse on a long-term lease for 25 years.

Dominik Tenhumberg, Managing Director of Becken Development, says: "We are very pleased that we have now been able to sell our third project development to DIC Asset AG as part of a forward deal. Especially in these times, this is evidence of a trusting cooperation and of the quality of the project as an attractive investment."

Joachim Schmidt-Mertens, Managing Director of Becken Development, adds: "Around 1.5 years before completion and in the middle of the second lockdown due to the coronavirus pandemic, we have managed to successfully place our second project in Wiesbaden. An important factor in the success of the property is the issue of sustainability in project development, which is also an important prerequisite for ESG-compliant investments. In this way, we are creating properties that meet the requirements of modern office properties in the long term." The seven-storey office building, designed by architecture firm Structurelab, offers space for around 730 employees and has around 370 parking spaces. The seller was advised on the transaction by BNP Paribas Real Estate and CBRE GmbH. WALCH RITTBERG NAGEL from Hamburg acted as legal advisors.