DIC Asset again successfully implements further disposals
DIC Asset AG / Miscellaneous
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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.
Grünhof - Eschersheimer Landstraße 223
60320 Frankfurt am Main
12.02.2009 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); Freiverkehr in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf
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