DIC Asset AG leases 1,350 sqm of commercial space in Hallbergmoos
(Frankfurt, 10/14/2009)
In a challenging rental market, DIC Asset AG can now report two further successes in the leasing of its property in the Munich Airport Business Park in Hallbergmoos (Lilienthalstraße 17, only a short distance from Munich Franz-Josef-Strauß Airport). Firstly, the sensor manufacturer Keyence Deutschland GmbH has prematurely extended its lease agreement for 400 sqm by several years, and is moving to new premises in the same building. In addition, itelligence AG has leased around 950 sqm in the same property with effect from December 2009. The provider of SAP services is thus relocating its Munich branch within Hallbergmoos.
DIC ONSITE, which is responsible for operational real estate management, has now leased over half of the property's 8,100 sqm. Other tenants include the Swiss company Dätwyler Kabel + Systeme GmbH and the logistics services provider DSV Air & Sea GmbH. In addition to its outstanding location in terms of infrastructure, the property is a hit thanks primarily to the high standard of its fixtures and fittings. DIC acquired the property in October 2007. The Munich branch of DIC ONSITE currently manages 10 properties with commercial space totalling around 112.000 sqm.
The real estate broker Colliers / Schauer & Schöll GmbH acted as intermediary.
About DIC Asset AG
Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with a dedicated investment focus on investing in commercial real estate in Germany, pursuing a return-oriented investment policy. DIC Asset AG's real estate portfolio includes around two million sqm of floor space, spread over 331 properties. The portfolio is divided into three segments: the Core portfolio includes the proprietary portfolio held on a long-term basis and offering stable, attractive rental yields; the Value-Added portfolio contains real estate with promising performance potential over the medium term; while the Opportunistic Co-Investments portfolio is comprised of real estate investments that have a more pronounced risk/return profile, which are placed with third parties following a repositioning under an individual business plan. Real estate assets under management currently amount to approximately EUR 3.3 billion. DIC Asset AG has been listed on the SDAX index since June 2006.