DIC Asset AG: Strong operational business at year-end 2010
DIC Asset AG / Key word(s): Miscellaneous
18.01.2011 / 08:12
DIC Asset AG: Strong operational business at year-end 2010
* Letting volume increased to around 256,000 sqm in 2010
* Sales volume up significantly to EUR 132 million
DIC Asset AG (WKN 509840/ ISIN DE0005098404) now presents the first
provisional operating results for the financial year 2010 after a
successful fourth quarter. The figures for operations relate to the letting
volume and the sales volume:
The letting volume of DIC Asset AG reached some 256,000 sqm in 2010; up
about 4% compared to 2009 (245,500 sqm). Extensions to existing tenancy
agreements saw a strong 12% increase to around 153,000 sqm (136,700 sqm),
while new tenancies reached the level of 103,000 sqm (108,800 sqm). The
annualised rental income from these new tenancies and extensions to
existing tenancy agreements is some 9% higher year-on-year, at about EUR 27
million (2009: EUR 24.8 million). The relatively large leasing deals in
2010 include a print system manufacturer and service provider in Hanover,
who leased or prolonged a total of more than 18,000 sqm, Schwab Versand
(Frankfurt area) with new tenancies and extensions to existing tenancy
agreements of 12,000 sqm, as well as BMW (Munich) with an extension to the
tenancy agreement for 8,800 sqm.
The sales volume increased significantly in 2010 to EUR 132 million after
60 million last year 2009. In 2010, sales regained a substantial momentum
towards year-end, with a transaction volume of EUR 62 million in the fourth
quarter alone. The biggest transactions include two office and commercial
properties in Flensburg (EUR 29 million) and Mannheim (EUR 17 million).
Further information about DIC Asset AG can be found on the Internet at
www.dic-asset.de.
About DIC Asset AG
Established in 2002, DIC Asset AG, with registered office 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. Real estate assets under management amount to
approximately EUR 3.2 billion. DIC Asset AG's real estate portfolio
includes around two million sqm of floor space, spread over some 300
properties. The portfolio is divided into three segments: the Core plus
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. DIC Asset AG has been listed on the SDAX index since June
2006.
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Language: English
Company: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt
Deutschland
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
E-mail: info@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
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