DIC Asset AG purchases “Lincoln Offices II” with Noerr’s assistance

Noerr has advised DIC Asset AG on the acquisition of the “Lincoln Offices II” office project on behalf of an investment fund for institutional investors by way of a forward deal. The new building is being constructed by German real estate developer Becken on a 13,000 square metre site in Wiesbaden.

Completion of the property, which has been leased to the State of Hesse for 25 years, is scheduled for summer 2022. The seven-storey office building offers 18,000 square metres of rental space for around 730 employees and around 370 parking spaces.

DIC Asset AG, a leading German real estate company, regularly relies on advice from Noerr and its Frankfurt real estate partner Alexander Jänecke.

Advisors to DIC Asset AG: Noerr LLP

Dr Alexander Jänecke (team lead), Evelin Moini (both Real Estate/Frankfurt), Dr Martin Haisch (Tax, Munich), Manuel Lomb (Real Estate, Munich), Dr Joachim Rung (Public Law, Munich), Dr Markus Zeibig (Real Estate, Dresden)