31.08.2018
DIC Asset AG DE000A1X3XX4
DGAP-News: DIC Asset AG secures 'Infinity Office' in Düsseldorf, thereby maintaining its Growth Trajectory
DGAP-News: DIC Asset AG / Key word(s): Real Estate/Acquisition
DIC Asset AG secures 'Infinity Office' in Düsseldorf, thereby maintaining
its Growth Trajectory
31.08.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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Press Release
DIC Asset AG secures "Infinity Office" in Düsseldorf, thereby maintaining
its Growth Trajectory
Frankfurt am Main, 31. August 2018. DIC Asset AG, one of Germany's leading
listed property companies, just signed a contract to secure the new-build
construction project "Infinity Offices" in Düsseldorf for its proprietary
portfolio within the framework of a forward deal in a volume of EUR 153
million.
The property represents an office complex under construction in the city's
prestigious Kennedydamm office submarket halfway between the inner city and
the airport. The modern development with its state-of-the-art fit-out
standard will have a lettable area of 20,500 sqm, and is already pre-let to
85% at this time on a WALT of 12.6 years. The main tenant is Bankhaus Lampe
KG. The project completion is scheduled for year-end 2019. The builder,
Becken Development GmbH, is a property developer active across Germany. The
transaction was facilitated by Savills.
"Securing this modern property in Düsseldorf - where it occupies a location
of major infrastructural and economic significance, is raised by a
well-established property developer and is let to auspicious tenants - marks
the next milestone in our growth strategy," said Sonja Wärntges, CEO of DIC
Asset AG.
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 185
assets with a combined market value of c. EUR 5.0 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
1.8 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 strategic financial investments, the management of
properties in which the company holds no equity stakes, equity investments
in property developments and joint venture investments. 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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31.08.2018 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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719263 31.08.2018
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