Listed German real estate investor DIC Asset said it sold several co-investment properties in Hamburg at end-December to various investors for a total volume of EUR 31 mln. One office property from the value-added segment of DIC's portfolio was sold to an international institutional investor for over EUR 25 mln. The 15,000 m[sup]2[/sup] property in the Stellingen district of the port city is leased to Deutsche Telekom. Frankfurt-based DIC and Morgan Stanley Real Estate Funds jointly acquired the property about two years ago.
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