DIC Asset again successfully implements further disposals
DIC Asset AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
Following the recently published successful disposals, the Frankfurt-based
company DIC Asset AG (WKN 509840/ ISIN DE0005098404) has now sold another
three properties for a total volume of approximately EUR 13 million.
DIC Asset AG has sold a mixed-use property of some 5,000 sqm office and
retail space on Rathausplatz in Eschborn (near Frankfurt) to the Eschborn
town council. Additionally, two smaller properties in Hamburg were
disposed. All properties are part of the Opportunistic Co-Investments
segment, which comprises real estate investments with a more pronounced
return profile.
CEO Ulrich Höller: 'In 2009, DIC remains busy with its selective sales
strategy. The transactions prove that the market is receptive for active
and well-connected participants despite continuing very difficult
conditions.'
Further information about DIC Asset AG is available 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 that focuses exclusively on investing in
German commercial real estate and maximising earnings from its investments.
DIC Asset AG's real estate portfolio currently includes around 1.3 million
sqm of floor space, spread over some 340 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 approx. EUR 3.5 billion. DIC
Asset AG has been listed on the SDAX index since June 2006.
Investor Relations:
Ina Lack
Grünhof - Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon +49-69-9454858-58
Fax +49-69-9454858-99
ir@dic-asset.de
12.02.2009 Financial News transmitted by DGAP
----------------------------------------------------------------------
Language: English
Issuer: 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
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
---------------------------------------------------------------------------