News Detail - DIC Assets

DIC Asset AG: DIC Asset AG: Changes in the Management Board

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

2016-05-03 / 07:30
The issuer is solely responsible for the content of this announcement.


Press Release
Frankfurt, 03 May 2016

DIC Asset AG: Changes in the Management Board

- CEO Aydin Karaduman also to assume the role of COO

- COO Rainer Pillmayer to leave the company

- CIO Johannes von Mutius placed in charge of acquisitions and dispositions


DIC Asset AG has restructured its management board, reducing the number of board members from four to three. Rainer Pillmayer, the COO of DIC Asset AG, will leave the company by mutual consent at the end of his contractual term on 31 May 2016. In the future, Aydin Karaduman, the CEO of DIC Asset AG, will take on the role of COO in addition to his responsibility for the corporate strategy, and thus be in charge of fund, asset and property management. Sonja Wärntges (CFO) will remain in charge of Finance & Controlling while Johannes von Mutius, so far responsible for the Sales division, will also pool and manage the buying and selling activities in the Investment division in the role of CIO. The move is intended to align the management board with the new growth strategy of DIC Asset AG.

Rainer Pillmayer has been with DIC Asset AG since 2008, and has served on the board as COO since June 2013. Pillmayer's spheres of responsibility included the fund business which has expanded to more than one billion euros in assets under management today. "We would like to thank Rainer Pillmayer for the great collaboration over many years and for his successful job on the board of DIC", said Prof. Gerhard Schmidt, Chairman of the Supervisory Board of DIC Asset AG.
 

About DIC Asset AG

Established in 2002, DIC Asset AG, with registered offices in Frankfurt/Main, is a real estate company with an investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The Company's investment strategy is geared to the continued development of a high-quality, highly profitable and regionally diversified portfolio. Real estate assets under management comprise 215 properties with an aggregate market value of EUR 3.2 billion. The real estate portfolio is structured in two segments: the Commercial Portfolio (EUR 1.8 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The Co-Investments segment (EUR 1.4 billion) comprises fund investments (accounting for a share of EUR 1.1 billion), joint-venture investments, and interests in development projects. DIC Asset AG provides a direct service to tenants through its own real estate management teams in six offices located at the regional hubs within the portfolio. This provides DIC Asset AG with an edge in terms of market presence and expertise, and builds the foundation for maintaining and increasing income - and the value of its real estate assets. 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.

 

Press contacts

RUECKERCONSULT GmbH
Jan Geisler
Wallstrasse 16
10179 Berlin
Germany
Phone: +49 30 2844987-65
Fax: +49 30 2844987-99
dic-asset@rueckerconsult.de


Investor Relations

DIC Asset AG
Peer Schlinkmann
Neue Mainzer Strasse 20 - MainTor
60311 Frankfurt/Main
Germany
Phone: +49 69 9454858-1221
Fax: +49 69 9454858-9399
P.Schlinkmann@dic-asset.de



2016-05-03 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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