The DIC Group is one of the leading investors in the German market for commercial real estate

Deutsche Immobilien Chancen (DIC) with registered office in Frankfurt am Main was set up in 1998. Today, it is active across Germany and one of the country's leading investment entities for commercial real estate.


Press Release

DIC Asset AG acquires logistics asset in Bremen for EUR 25 million - acquisition volume increases to more than EUR 1.6 billion

Frankfurt, 22.12.2020

Frankfurt am Main, 22 December 2020. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, just had the sale and purchase agreement for an upscale new-build logistics property notarised. The transfer of possession, benefits and burdens is expected to take place in early 2021. The next acquisitions the company plans to make in the logistics asset class have already progressed to an advanced stage.

"With this step we are expanding our logistics investments and are glad that we successfully concluded the sale-and-purchase agreement for this high-end property. As planned, we expand our footprint in this strategically important asset class," commented Johannes von Mutius, Chief Investment Officer (CIO) of DIC Asset AG.

The property, which has a lettable area of around 8,500 sqm, is part of an attractive micro-environment in the "Airport-Stadt Nord" locality in Bremen, with many renowned companies in the vicinity. Its regional and inter-regional transport links are excellent. It is occupied by a subsidiary of the Airbus Group. The property comprises two distinct buildings, one being an office scheme, the other a hybrid-use building that includes a manufacturing warehouse, a section for research & development, workshop spaces plus additional office and social areas.

The total investment costs (TIC) equalled EUR 25 million. This brings the acquisition volume that DIC Asset AG notarised since the start of the year up to more than EUR 1.6 billion. Meanwhile, the sale-and-purchase agreements for another two properties were notarised that, together with the "Deka Office Hub" and the "Wilhelminenhaus" property in Darmstadt, form the seed portfolio of the biggest institutional fund in the company's history so far. One of the two new assets lies on Kleyerstrasse in the Gallus locality of Frankfurt am Main and is home to the municipal public order office, the other being the "Lincoln Offices II" project currently under construction in Wiesbaden. Both properties are occupied by public-sector tenants on long-term leases.


About DIC Asset AG:
With more than 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 189 assets with a combined market value of c. EUR 8.7 billion under management (as of 30 September 2020).

Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

In its Commercial Portfolio division (EUR 2.1 billion in assets under management), DIC Asset AG 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.

In its Institutional Business division (EUR 6.6 billion in assets under management), which operates under the name GEG German Estate Group, DIC Asset AG generates income by structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.

DIC Asset AG has been SDAX-listed since June 2006.

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de



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Contact

Deutsche Immobilien Chancen AG & Co. KGaA

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Germany

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