EQS-News: DIC Asset AG / Key word(s): Real Estate
DIC Asset AG renews leases for about 11,000 sqm of retail space at “Neustadt Centrum” in Halle
Frankfurt am Main, 19 September 2022. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, just signed long-term lease renewals for about 11,000 sqm of retail space at the “Neustadt Centrum” retail property, which it holds in its proprietary portfolio.
With anchor tenant “mein real” (formerly “real”), DIC signed a lease agreement for about 10,200 sqm of retail space that will end in 2036. The two companies agreed to invest significant amounts in the modernisation of the retail unit.
The “Thalia” bookstore renewed the lease for its unit of 700 sqm for another six years. This occupier will switch its entire lighting system to LED lights.
“By renewing their leases with us, long-term tenants signal that they see us as reliable and creative partners and that they appreciate the fact. We are also glad that we were able to agree to sustainability-enhancing investments with both tenants. We will continue to pursue our agenda to increase the degree of sustainability in our portfolio, and to consistently develop our properties to enhance their energy efficiency,” commented Sonja Wärntges, CEO of DIC Asset AG.
Ahead of the lease renewals, DIC had already initiated resource-conserving restructuring work at the “Neustadt-Centrum” and switched to LED lighting in the multi-storey car park. As a result, electric energy costs and consumption were cut by more than 50%.
“What we appreciate about DIC is that they are a partner who, on the one hand, recognises our requirements quickly and meets them in creative ways while, on the other hand, being an absolute champion of sustainability. Especially in time like these, DIC is creating highly attractive facilities for energy-intensive enterprises like the grocery retail trade by investing in the energy efficiency of buildings,” said Karsten Pudzich, manager at “mein real.”
The multifunctional shopping centre opened for business in the year 2000. In addition to retail units, gastronomic venues and a modern multiplex cinema with eight screens, visitors from the region also find doctors’ offices and service providers on the premises. The total floor area adds up to 30,700 sqm, while the EPRA vacancy rate is 1.8%. A dedicated multi-storey car park provides about 933 parking spots. On average, “Neustadt Centrum” is frequented by around 12,000 visitors from the catchment area every day.
About DIC Asset AG:
DIC Asset AG is Germany’s leading listed specialist for office and logistics real estate with more than 20 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 357 assets with a combined market value of EUR 14.2 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.
IR/PR Contact DIC Asset AG:
D-60311 Frankfurt am Main
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