News Detail - DIC Assets

DIC Asset AG: Aydin Karaduman new CEO of DIC Asset AG as of 1.1.2016, as announced / Ulrich Höller appointed to the Supervisory Board

DGAP-News: DIC Asset AG / Key word(s): Change of Personnel

2016-01-18 / 07:30
The issuer is solely responsible for the content of this announcement.


Press release

Frankfurt, January 18, 2016

DIC Asset AG:

- Aydin Karaduman new CEO of DIC Asset AG as of 1.1.2016, as announced

- Ulrich Höller appointed to the Supervisory Board


As previously announced in fall of the previous year, Aydin Karaduman (45) assumed the position of CEO of DIC Asset AG on January 1, 2016. Sonja Wärntges (CFO), Johannes von Mutius (CIO) and Rainer Pillmayer (COO) comprise the rest of the Executive Board, as before. The certified industrial engineer Aydin Karaduman served as Executive President of the Real Estate division of the Bilfinger Group until the end of 2015, presiding over EUR 420 million in revenue and approximately 3000 employees.

The Registry Court of Frankfurt am Main has appointed Ulrich Höller (50) as a member of the Supervisory Board of DIC Asset AG in Frankfurt (WKN A1X3XX / ISIN DE000A1X3XX4), effective January 11, 2016. Dr. Michael Peter Solf left the board at the end of 2015.

Prof. Dr. Gerhard Schmidt, Chairman of the Supervisory Board of DIC Asset AG: "On behalf of the Supervisory Board of DIC Asset AG, I would like to thank Ulrich Höller for his outstanding achievements in developing DIC Asset AG in over 13 years into a leading S-DAX company in the commercial real estate market. And we are pleased that with Aydin Karaduman, we have won a highly-qualified successor who will further strategically develop the company in the German real estate market."
 

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 commercial real estate in Germany, pursuing a return-oriented investment policy. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The real assets under management amount to c. EUR 3.2 billion, comprising around 215 properties, while the pro-rata interest in the real assets amounts to c. EUR 2.2 billion. The real estate portfolio is structured in two segments: the "Commercial Portfolio" (EUR 2.0 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The "Co-Investment" segment (EUR 0.2 billion pro rata) pools fund investments, joint venture investments, and investments in project developments. In-house real estate management teams provide a direct service to tenants, working out of six different locations in each of the portfolio focus regions. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.

For more details on DIC Asset AG, please visit us on the internet at www.dic-asset.de.


Press contact:
Thomas Pfaff Kommunikation
Höchlstrasse 2
D-81675 Munich
Tel. +49-89-992496-50
Fax +49-89-992496-52
Mobile +49-172-8312923
kontakt@pfaff-kommunikation.de


Investor Relations
Peer Schlinkmann
Neue Mainzer Strasse 20 - MainTor
D-60311 Frankfurt am Main
Tel. +49-69-9454858-1221
Fax +49-69-9454858-9399
P.Schlinkmann@dic-asset.de

 



2016-01-18 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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