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

Press Release

DIC: Succesful onward sale of Telekom property in Hanau

Frankfurt, 07.07.2005

The Frankfurt-based DIC real estate group has sold the Telekom-Hochhaus in Hanau to an Israeli investor, Summit Real Estate. This highrise property with 17,700 sqm floor space is let long-term to Deutsche Telekom and is used for both technical purposes and customer services. It is part of the Telekom portfolio acquired by DIC in 2003 for development and future sale. The selling company was DIC Starwood Immobilien GmbH. The investment amount totaled over €17 million.

Notes on DIC
DIC (Deutsche Immobilien Chancen) was founded in 1998 and, with its innovative investment philosophy and its focus on the German market, is one of the leading and most successful corporations in Germany specializing in commercial real estate transactions. Its business activities include portfolio and asset management, project development and opportunistic investments. The real estate assets managed by the DIC real estate group currently amount to over Euro 700 million.

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