“We are pleased to be able to hand over this state-of-the-art building to BEOS, a well-known market participant and one of the market leaders in the real estate industry, especially the life science sector, in one of the most thriving areas in Berlin. We are, through SCIENION, looking forward to establishing a partnership as a lessee and a tenant, contributing to the expanding biomedical engineering cluster in the area. The divestment is in line with BICO’s investment in the property and will strengthen our financial position and generate a positive cash flow contribution”, says Erik Gatenholm, CEO and President BICO.
 
Property facts Wagner-Régeny-Straße 15, 12489 Berlin
Buyer: BEOS on behalf of Swiss Life Kapitalverwaltungsgesellschaft mbH, acting in its own name and for account of the Real Estate Special Fund "BEOS Light Industrial Germany I“
Completed: in June 2023
Sales price: EUR 21m (approximately SEK 246m)
Closing date: Expected in Q4 2023.
Tenant: SCIENION, a lease period for 15 years with a break option after 10 years.
Lettable area: 5,200 sqm
According to customary processes, the transaction needs to seek approval by the city of Berlin. This is expected to take up to 3 months to complete. Depending on the approval process the transaction is expected to generate a positive cash flow contribution in Q4 2023.
BICO has been advised by JLL and White & Case LLP.