DIC Asset AG leases 10,000 sqm in Wiesbaden to AXA
(Frankfurt, 12/17/2009)

DIC Asset AG is extending an existing lease agreement with the insurance company AXA Service AG in an office building on Wiesbaden’s City-Ring ahead of time: the Cologne-based firm has extended its lease on the 10,000 sqm of office and storage space in the Hessian capital for the long term.

DIC ONSITE, which is responsible for operational real estate management, currently manages 40 properties in the Rhine-Main area with a total commercial rental space of around 300,000 sqm. The property is part of a portfolio which DIC Asset AG took over from the insurers AXA Deutschland and DBV Winterthur in 2007.

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 326 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.