DIC sells Erfurt post office to Degi

Deutsche Immobilien Chancen (DIC) has sold the main post office in Erfurt to property investment company Degi for EUR 55 mln.

DIC bought the historic building from Deutsche Post in December 2003 and subsequently redesigned and refurbished it. The revamped complex now has some 14,000 m² of office and retail space. In addition to the post office and Deutsche Telekom, tenants include shoe retailer Gortz, fashion label Marc O'Polo, drugstore chain dm and jeans label G-Star.

DIC was advised on the transaction by Kemper's Frankfurt and Jones Lang LaSalle.