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

Press Release

DIC: Successful onward sale of first portion of Fraspa real estate portfolio

Frankfurt, 25.07.2005

Via their subsidiary DIC Asset, the Frankfurt-based DIC real estate group recently sold seven properties with a total value of approx. € 13 million to private investors. These properties belong to a portfolio of 57 real estates with an investment volume totalling around € 150 million and had been acquired by DIC together with Morgan Stanley Real Estate Fund (MSREF) from Frankfurter Sparkasse in December 2004. The said seven buildings are presently used as business premises by Frankfurter Sparkasse. The transactions were mediated by KnightFrank, Frankfurt, as a marketing partner.

For the current business year 2005, this transaction represents the successful re-placement of a series of objects not included in the group's medium to long-term investment focus.

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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