IC leases 1,300 square metres in Teltow, near Berlin

The IC Immobilien Group has signed a 5-year lease for approx. 1,300 square metres in the Teltow business park with WaveLight GmbH, a wholly owned subsidiary of the US Alcon Group. The company is a market leader in the development and pro-duction of modern diagnostic and surgical technology for correcting visual defects. The new lease brings the vacancy rate of the complex down from 35 per cent to 21 per cent. The business park has a total rentable area of 9,731 square metres. Built in 1995, the property is owned by the closed-end real-estate fund IC Deutschland 07.

About the IC Immobilien Group: The IC Immobilien Group provides asset and property management for institutional property investors inside and outside Germany. The company, which is based in Unterschleissheim near Munich, also manages closed-end property funds. With nine offices and more than 280 employees, the IC Immobilien Group presently manages an investment volume of over 12 billion euros.