01. August 2012 
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Ärzteversorgung Westfalen-Lippe acquires two construction stages of MainTor Quarter
With construction not yet started, DIC just sold the building complexes “MainTor Panorama” with office space and “MainTor Patio” with rental apartments of the future “MainTor Quarter” within the framework of a forward deal to institutional funds held by Ärzteversorgung Westfalen-Lippe (ÄVWL), a German pension fund. The investment volume totals approximately € 150 million. Construction of both projects is scheduled to start during the first half of 2013.
The transaction will permit DIC to move ahead with the development of the MainTor Quarter much quicker than planned: With approximately € 340 million committed, more than 50 percent of the project volume are either marketed or under construction now. The SDAX-listed company DIC Asset AG holds a 40 per cent interest in either sub-project.
The “MainTor Panorama” office project was acquired via an existing, actively managed specialised fund of “IVG Institutional Funds.” A specialised funds managed by Patrizia WohnInvest bought the “MainTor Patio” residential property. The transactions were facilitated by GSK, Valteq, and Bögner Hensel & Partner in consultancy roles.
DIC retains the overall responsibility over project development, construction realisation and completion, as well as for letting the properties.
The office property “MainTor Panorama” provides 13,500 m² in commercial space and 70 parking spaces in an underground car park. The architecture is realised by the architectural firm of Professor Christoph Mäckler Architekten. DIC plans to have the “Panorama” building completed and ready for occupation by mid-2015.
The transaction will permit DIC to move ahead with the development of the MainTor Quarter much quicker than planned: With approximately € 340 million committed, more than 50 percent of the project volume are either marketed or under construction now. The SDAX-listed company DIC Asset AG holds a 40 per cent interest in either sub-project.
The “MainTor Panorama” office project was acquired via an existing, actively managed specialised fund of “IVG Institutional Funds.” A specialised funds managed by Patrizia WohnInvest bought the “MainTor Patio” residential property. The transactions were facilitated by GSK, Valteq, and Bögner Hensel & Partner in consultancy roles.
DIC retains the overall responsibility over project development, construction realisation and completion, as well as for letting the properties.
The office property “MainTor Panorama” provides 13,500 m² in commercial space and 70 parking spaces in an underground car park. The architecture is realised by the architectural firm of Professor Christoph Mäckler Architekten. DIC plans to have the “Panorama” building completed and ready for occupation by mid-2015.
