DIC Asset leases over 2,100 sqm of logistics property
(Frankfurt, 10/12/2009)

The Frankfurt-based real estate investor DIC Asset AG has now leased over 2,100 sqm of logistics space in Langenselbold (District of Main-Kinzig) to Maintrans Internationale Spedition GmbH. The company, based in nearby Alzenau, is to rent half of a goods handling facility. Maintrans was advised in its choice of property by crosslog Projektentwicklungsgesellschaft für Logistik, Industrie und Gewerbe mbH.

DIC ONSITE, which is responsible for operational real estate management, has thus leased two thirds of a total of 10,700 sqm of floor space, which includes spacious offices and a high-bay warehouse in addition to the aforementioned goods handling facility. Langenselbold’s location close to the railway station and the motorway interchange makes it an attractive site for freight forwarders and logistics companies and for their administrative offices. DIC purchased the property in October 2007 as part of a newly acquired portfolio. The Frankfurt branch of DIC ONSITE currently manages 50 properties with commercial space totalling around 450,000 sqm in the Rhine-Main area.

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 currently 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.