DIC Asset picks up Mercedes-Benz-Center in Cologne for €71m

By Virna Asara 2021-04-27T00:00:00

DIC Asset has announced the off-market purchase of the Mercedes-Benz-Center at Mercedes-Allee 1 in Cologne-West for its balance sheet portfolio. The total investment costs (TIC) for the property, which meets high-end architectural and quality standards, approximate €71 mln, reflecting a gross rental yield of more than 7%.

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