04.07.2018
DIC Asset AG DE000A1X3XX4
DGAP-News: DIC Asset AG initiates its Seventh Open-ended Special AIF
DGAP-News: DIC Asset AG / Key word(s): Funds/Real Estate
DIC Asset AG initiates its Seventh Open-ended Special AIF
04.07.2018 / 08:29
The issuer is solely responsible for the content of this announcement.
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Press Release
DIC Asset AG initiates its Seventh Open-ended Special AIF
- DIC Office Balance V launched with start-up portfolio in Munich and
Hamburg
- Target investment volume of EUR 350 to 400 million
Frankfurt am Main, 04 July 2018. DIC Asset AG, one of Germany's leading
listed property companies, just launched its seventh open-ended special
alternative investment fund (AIF). Named DIC Office Balance V, the new fund
will invest in commercial real estate in German metro regions, and will thus
continue the Office Balance series of DIC Asset AG. It is intended for
institutional investors. The target investment volume is EUR 350 to 400
million. The start-up portfolio in a total volume of c. EUR 130 million
consists of two buildings in Munich and Hamburg, respectively, and was added
to the fund in late June 2018, using a corresponding amount of equity
capital. The annual target return is planned to amount to 4.0 to 4.5 percent
annually.
"Demand for office real estate remains very high in cities like Hamburg and
Munich. The high-end start-up portfolio of two assets, which we secured for
the fund as early as 2017, permits us to ensure stable rental demand and
continuous rent revenues for our investors, and we are convinced that DIC
Office Balance V will generate permanently sound distribution yields," said
Sonja Wärntges, Chief Executive Officer of DIC Asset AG.
DIC Asset AG is one of the major initiators of institutional property funds
in Germany with its own integrated real estate management platform that
operates throughout Germany from six central locations. Due to the great
performance of the existing funds,
DIC Asset AG plans to further expand the volume in line with the
implementation of its hybrid business model.
For more details on DIC Asset AG, go to the internet at www.dic-asset.de.
Contact:
Nina Wittkopf
Head of Investor Relations & Corporate Communications
Phone +49 69 9454858-1462
Mobile +49 151 2990-5223
[1][email protected]
1. mailto:[email protected]
About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and
specialises in commercial real estate. With around 20 years of experience on
the German real estate market, the company maintains a regional footprint on
all major German markets through six branch offices, and has around 180
assets with a combined market value of c. EUR 4.8 billion under management.
DIC uses a hybrid business model to manage its business divisions Commercial
Portfolio, Funds and Other Investments. Taking an active asset management
approach, DIC employs its proprietary, integrated real estate management
platform to raise capital appreciation potential in its business divisions
and to boost its revenues.
In its Commercial Portfolio division (EUR 1.6 billion in assets under
management), DIC acts as proprietor and property asset holder, and thus
generates revenues both from the management of the assets and through the
value optimisation of its own real estate portfolio. The Funds division (EUR
1.6 billion in assets under management) generates its revenues by acting as
issuer and manager of special real estate funds for institutional investors.
Gathered in the business unit Other Investments (EUR 1.6 billion in assets
under management) are joint venture investments, equity investments in
property developments, strategic financial investments, and the management
of properties in which the company holds no equity stakes. 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.
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04.07.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20 * MainTor
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1462
Fax: +49 69 9454858-9399
E-mail: [email protected]
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
WKN: A1X3XX, A1TNJ2, A12T64
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock
Exchange, ,
End of News DGAP News Service
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701361 04.07.2018
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