An unknown buyer signed a preliminary agreement to acquire 47% stake in an office building in Essen, Düsseldorf, Germany for approximately €35.4 million on July 31, 2016. A definitive agreement was signed on September 30, 2016. Completion is subject to the waiver of first refusal held by the City government and approval from the German foreign affairs ministry, among others, and it is expected to occur by the end of 2017. An unknown buyer completed the acquisition of 47% stake in an office building in Essen, Düsseldorf, Germany on December 30, 2016.