News Detail - DIC Assets

DIC Asset AG sells portfolio


DIC Asset AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

The Frankfurt-based DIC Asset AG has now placed a portfolio consisting of ten commercial properties and an overall area of around 60,000 sqm to two Luxembourg investors advised by Westcity PLC and AXA REIM at a price of approximately EUR 86 million. The objects, primarily used as office buildings, are mainly located in mid-sized German cities such as Bochum, Gelsenkirchen, Ulm, Regensburg, Ingelheim and Neuss. Approximately 95% of the properties are currently let. The average lease term is three to four years. The transaction that was named ‘Mustang’ was offered as part of a limited proceeding. The transaction is partially a share deal and partially an asset deal. The buyers were advised by Knight Frank, the sellers by Colliers Trombello Kölbel.


Investor Relations
Stephan Gramkow
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Tel. (0 69) 9 45 48 58-39
Fax (0 69) 9 45 48 58-99
ir@dic-asset.de


DGAP 26.04.2007 

 
Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt Deutschland
Phone:        +49 69 9454858-0
Fax:          +49 69 9454858-99
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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