Letter to Shareholders: DIC Asset AG successfully continues its letting and sales activities
DIC Asset AG / Miscellaneous
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In the past few weeks, Frankfurt-based DIC Asset AG has successfully placed several commercial properties from its 'Value-Added' and 'Opportunistic Co-Investments' segments, the total volume of which is around EUR 22 million, with various investors – primarily in the private sector – within the framework of individual transactions. The properties, of which there are five overall, are located in Frankfurt, Hamburg, Cologne and Nuremberg.
At the same time, DIC Asset AG has syndicated parts of its shareholdings in the MainTor project de-velopment and – together with its investor Deutsche Immobilien Chancen – has brought further fi-nance partners on board the project. This step has allowed the company to realise an initial part from the project development, while at the same time giving itself a broader positioning with respect to the financing structure of this major project. The commencement of construction of the new city quarter is planned in spring 2009.
Furthermore, the successful letting activities pursued in the past quarters have also been continued in recent months, with tenants found for a total floor space of approximately 105,000 sqm in the first half year 2008. Further details of this will be provided by DIC Asset AG when it publishes its half-yearly report in August. These excellent results are partly a result of the company's focus on its asset and property management activities in view of the currently strong rental markets.
Through these wide-ranging activities, DIC Asset AG is underlining the sustainability of its business model, based on an active management approach with a strong local presence and expertise. Further sales are an integral part of our plans and are currently in preparation.
Ulrich Höller Markus Koch Dr. Jürgen Schäfer (Members of the board of DIC Asset AG)
DIC Asset AG
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Tel. (0 69) 9 45 48 58-39
Fax (0 69) 9 45 48 58-99
17.07.2008 Financial News transmitted by DGAP
Issuer: DIC Asset AG
Eschersheimer Landstr. 223
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover, Hamburg; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
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