DIC and Morgan Stanley purchase property from the FALK-Fonds 80
DIC Asset AG / Miscellaneous
Announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
A consortium of MSREF (Morgan Stanley Real Estate Funds) and the Frankfurt property investor DIC (Deutsche Immobilien Chancen) has purchased all six estates of the Falk-Fonds 80 as part of an asset deal. The holdings consist of office and service industry properties in München, Heilbronn, Würzburg, Nürnberg and Mainz with a total usable area of around 105,000 sqm. The individual properties are let long-term to impeccable tenants such as Siemens, BMW or Telekom. The total volume of investments is around 160 million euro. The stock exchange listed DIC Asset AG has a 20% share in the transaction.
Falk-Fonds 80 is one of the closed-end funds of Falk Capital, which is not insolvent. The properties have an outstanding rating and are virtually 100% let.
More information about the properties:
- Property 1: München; Main tenant Siemens; Usable area 37,000 sqm - Property 2: München; Main tenant BMW; Usable area 8,700 qm - Property 3: Heilbronn; Main tenant Deutsche Telekom; Usable area 15,000 qm
- Property 4: Würzburg; Main tenant Mediamarkt; Usable area 9,500 qm - Property 5: Nürnberg; Main tenant Deutsche Telekom; Usable area 25,500 qm - Property 6: Mainz; Main tenant Deutsche Telekom; Usable area 8,500 qm
DIC Asset AG
Stephan Gramkow - Investor Relations
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Tel. (069) 27 40 33-10
Fax (069) 27 40 33-70
ir@dic-asset.de
DGAP 17.08.2006
Language: English
Issuer: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt Deutschland
Phone: 069 / 274033-0
Fax: 069 / 274033-69
E-mail: info@dic-asset.de
WWW: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Indices: S-DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart, Düsseldorf
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