Berlin/Hamburg, January 10, 2022. Becken, a specialist in project development, revitalization and asset and investment management for commercial and residential real estate, and HASPA PeB, an expert in individual financing options and project developments, have sold their Berlin property Am Borsigturm 130 to DIC Asset AG. The deal was completed at the end of 2021. DIC Asset AG acquired the property for a new infrastructure fund.

It was not until September 2021 that Becken and HASPA PeB announced the long-term lease of the property for around 17 years to the Federal Agency for Real Estate (BImA). As the central real estate company of the federal government, it provides the Federal Archives with the approximately 18,500 square meters of administrative and archive space and the 60 associated car parking spaces for the accommodation of personnel and documents of the Department for Personal Information on the First and Second World Wars.

Roland Köppe, Head of Acquisitions & Project Development, Becken Development GmbH, says: "The property, which is fully let on a long-term basis, impresses with its good transport infrastructure and attractive connections to the lively Tegel district, making it an attractive investment. In this respect, we are delighted that DIC Asset AG has once again acquired a property from Becken." Harald Hempen, Managing Director of HASPA PeB, adds: "Following the successful letting, this sale confirms our positive assessment of this joint project from the outset."

The transaction was accompanied by the real estate agency CBRE GmbH. Wiegel Ihde Ekrutt + Partner mbB acted as legal and tax advisor to the seller. Walch Rittberg Nagel Rechtsanwälte und Steuerberater Partnerschaft mbB acted as the letting agent. CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB acted as advisor to the buyer.