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EQS-News: DIC Asset AG / Key word(s): Real Estate/Miscellaneous
DIC Asset AG prematurely renews logistics lease agreement for 35,600 sqm and optimises building operation for sustainability
Frankfurt am Main, 3 April 2023. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, has prematurely renewed its lease agreement for 35,600 sqm of logistics space in the town of Biebesheim near Darmstadt, Germany, for another ten-year term with the DACHSER logistics company. In line with its Manage-to-ESG strategy, DIC is investing extensively to optimise the energetic quality of the building. While intended to bring rents up to the current market level, the capital expenditures for the logistics property are also meant to safeguard the portfolio value of the “RLI Logistics Fund – Germany II” investment fund. The strategic expansion of DIC’s logistics business has a constant positive effect on the company’s lettings business and its assets under management.
“The lease renewal is yet another sign of our trust-based and prospering collaboration with our tenants while also showcasing the high letting competence and agility of our team. We have made a place for ourselves in the logistics asset class, which we expanded into the second focal area of our portfolio and are steadily generating secure long-term revenues for our stakeholders here as elsewhere,” said Sonja Wärntges, CEO of DIC.
“We have successfully operated at the Biebesheim site for the past seven years now. The excellent partnership between the two companies that has grown over the years and the willingness of DIC to invest in the sustainability of the property are factors that have encouraged our decision to commit ourselves long-term to this location,” said Andre Bremm, General Manager and Sascha Friedrich, Manager Contract Logistics of DACHSER Biebesheim GmbH.
Manage-to-ESG: focus on sustainability
Within the scope of the lease renewal, DIC and DACHSER agreed to pursue the sustainable operation of the property for the purpose of substantially lowering its carbon output and of cutting its energy costs. The evolving resource-conserving fit-out will include LED lighting throughout and the installation of an electric service station for electric HGV by DACHSER, among other features. A photovoltaic system that was already installed a few years ago generates a total output of about 900 kWp. Parallel to these measures, DIC is working on a comprehensive energy concept for the energy refurbishment of the logistics property.
Completed in the year 2000, the building has a lettable area of more than 35,600 sqm, thereof 31,000 sqm of logistics space and about 3,900 sqm of office and social areas. It is located at Lise-Meitner-Str. 2/2a in Biebesheim and comes with convenient access to the German highway network. The A5 and A67 motorways are just 7 km away. Sole tenant of the property is DACHSER Biebesheim GmbH, a subsidiary of the internationally operating DACHSER logistics company.
About DIC Asset AG:
DIC Asset AG is Germany’s leading listed specialist for office and logistics real estate with 25 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with nine offices on the ground in all major German markets (with VIB Vermögen AG included). We currently manage a total of 360 assets with a combined market value of EUR 14.7 billion on site, always close to our properties and their occupiers.
The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate steady cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management, and realising gains from sales.
In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields.
DIC Asset AG has been SDAX-listed since June 2006.
For more details, go to www.dic-asset.de.
IR/PR Contact DIC Asset AG:
D-60311 Frankfurt am Main
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|Company:||DIC Asset AG|
|Neue Mainzer Straße 20|
|60311 Frankfurt am Main|
|Phone:||+49 69 9454858-1492|
|Fax:||+49 69 9454858-9399|
|ISIN:||DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9|
|WKN:||A1X3XX, A12T64, A2GSCV, A2NBZG|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange|
|EQS News ID:||1598773|
|End of News||EQS News Service|