Built in 1993, the building comprises 15 000 square metres of rental space and has been part of the Swiss Life Asset Managers portfolio since 2016. The rights and obligations were transferred in May 2024.
Swiss Life Asset Managers recently sold the “F1” proper-ty in Dresden, the capital of Saxony, to PentaF AG as part of its portfolio optimisation process for one of its special funds. The property is an office unit with addi-tional retail use. The closing and transfer of rights and obligations took place as part of a swift process at the end of May 2024.
Built in 1993, the building is located next to the Pieschen S-Bahn station, placing it on the development axis heading towards the airport and “Silicon Saxony”. With around 15 000 square metres of rental space, Deutsche Telekom is the main tenant, accounting for around 75% of the space. There are also two specialist stores in the fully let property. The transaction was carried out as part of a structured sales process.
“Despite the challenging market environment for office properties outside CBD locations, this sale was com-pleted according to plan,” explains Johannes Schmidt, Senior Manager Transaction Commercial & Residential at Swiss Life Asset Managers.
“We are pleased about this good countercyclical oppor-tunity to expand our nationwide commercial portfolio and enter the attractive location of Dresden,” com-ments Felix Schmidt-Skipiol, Member of the Executive Board of PentaF AG.
Contact
Swiss Life Asset Managers Deutschland
Communications
Martin Marsmann
Phone: +49 151 72167783
media-de@swisslife-am.com