DGAP-News: DIC Asset AG Starts into New Year with Acquisition for its Proprietary Portfolio - DIC Onsite senior management completed

Nachricht vom 10.01.201910.01.2019 (www.4investors.de) -


DGAP-News: DIC Asset AG / Key word(s): Acquisition/Change of Personnel

DIC Asset AG Starts into New Year with Acquisition for its Proprietary Portfolio - DIC Onsite senior management completed
10.01.2019 / 08:30


The issuer is solely responsible for the content of this announcement.
Press Release

DIC Asset AG Starts into New Year with Acquisition for its Proprietary Portfolio - DIC Onsite senior management completed

Frankfurt am Main, 10 January 2019. DIC Asset AG, one of Germany's leading listed property companies, acquired a fully occupied multi-tenant office building located in a technology park in Bremen via an asset deal from a private seller during the first days of the year, the asset being earmarked for its proprietary holdings. The transaction thus maintains the growth trajectory in 2019 that the company pursued for its Commercial Portfolio last year.

The office complex acquired by DIC Asset AG is mainly occupied by the University of Bremen, has a lettable area of around 9,400 sqm and 136 parking spots. The average lease term (WALT) is around 4.5 years. The total investment costs equalled EUR 14.7 million. The transfer of undertakings, rights and obligations for the property is scheduled to take place before the end of the first quarter of 2019.

While Bremen is a smaller office market judging by the size of its population, it is a very stable market. Being one of Germany's city states, Bremen has successfully positioned itself as a service and industrial location in recent decades. The technology park located north-east of the inner city has attracted companies belonging in the information and communications technology sector as well as aerospace technology companies. These research-intensive industries benefit from the proximity of the university campus and university-related institutes and societies.

"The plan for 2019 is to keep expanding our proprietary holdings and to ensure the quality of our Commercial Portfolio in the long term. Assets of high value such as the property in Bremen contribute significantly to our rental income as one of the income streams of our hybrid business model," said Sonja Wärntges, CEO of DIC Asset AG.

As previously announced at the end of last year, DIC Asset AG reshuffled the senior management of its subsidiary DIC Onsite GmbH. At the start of January, Joachim von Bredow and Marco Knopp assumed their duties. Joachim von Bredow is a highly experienced real estate specialist who has been active on behalf of DIC in various roles for a long period of time. Marco Knopp is also a proven expert in the real estate sector and has many years of experience in leading positions for institutional investors (KanAm and MEAG) as well as service providers (ReAssociates and Drees & Sommer).

For more details on DIC Asset AG, go to the internet at www.dic-asset.de.
 

Contact:
Nina Wittkopf
Head of Investor Relations & Corporate Communications
Phone +49 69 9454858-1462
Mobile +49 151 2990-5223
ir@dic-asset.de
 

 

About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has 181 assets with a combined market value of c. EUR 5.1 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.

In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.9 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.6 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes and equity investments in property developments. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. (as of: 30/09/2018)












10.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
DIC Asset AG

Neue Mainzer Straße 20 * MainTor

60311 Frankfurt am Main


Germany
Phone:
+49 69 9454858-1462
Fax:
+49 69 9454858-9399
E-mail:
ir@dic-asset.de
Internet:
www.dic-asset.de
ISIN:
DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
WKN:
A1X3XX, A1TNJ2, A12T64
Indices:
S-DAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange

 
End of News
DGAP News Service




764849  10.01.2019 











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