2459901 - HANA Database installation fails with exception 70029007 "Storage object does not exist"

Installation of the HANA database fails with error in hdbinst.log:

00:00:00.000000 - ERR : Installation failed

00:00:00.000000 - ERR : error installing

00:00:00.000000 - ERR : Cannot create Instance

Details similiar to the following can be seen in:

indexserver_<server>.30003.000.trc ->

[135686]{200196}[27/14468] 0000-00-00 00:00:00.000000  e TextAnalysisDict TextAnalysisDictionaryRuntime.cpp(00216) : Dictionary binary reading error: /usr/sap/<SID>/HDB00/<server>/tmp/dicTmp58EB678D91920D8FE1000000AC1CB517//english-gra.nc error: exception 1: no.70029007 (PersistenceLayer/FsUnbufferedFile.cpp:186)

Storage object does not exist: /usr/sap/<SID>/HDB00/<server>/tmp/dicTmp58EB678D91920D8FE1000000AC1CB517//english-gra.nc

exception throw location:
1: 0x00007f6f9ef86539 in PersistenceLayer::UnbufferedFileException::UnbufferedFileException(char const*, int, int, ltt::basic_string_funcarg<char, ltt::char_traits<char> > const&)+0x5 at UnbufferedFile.cpp:263 (libhdbpersistence.so)

daemon_<server>.30000.000.trc ->

[132671]{-1}[-1/-1] 0000-00-00 00:00:00.000000 i Daemon           TrexDaemon.cpp(02337) : starting program at '/usr/sap/<SID>/HDB00/exe/dat_bin_dir/tf_ncc' with args '-case_insensitive -d /usr/sap/<SID>/SYS/global/hdb/custom/config/lexicon/lang 
-o /usr/sap/<SID>/HDB00/<server>/tmp/dicTmp58EB678D91920D8FE1000000AC1CB517/english-gra.nc /usr/sap/<SID>/HDB00/<server>/tmp/dicTmp58EB678D91920D8FE1000000AC1CB517/dictionarySRCenglish-gra.xml'

SAP HANA Database

KBA , HAN-LM-INS-DB , Installation of HANA Database , HAN-DB , SAP HANA Database , Problem