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

Press Release

DIC places "meet at the casino" in Trier

Frankfurt, 18.10.2005

Following the successful development and lease, Frankfurt-based DIC group and their cooperation partner Triwo have sold the "meet at the casino" property in Trier to the British investor group PCP (Prime Commercial Properties), London. As regards the transaction, the client had been supported and consulted by Kemper’s in Frankfurt as well as the Frankfurt law firm Taylor Wessing.

DIC and Triwo had acquired the 19th-century, formerly French casino complex with a total of over 5,000 sq. m. useful space at 'Kornmarkt' in the city center of Trier in spring 2003 as the winners of a German-wide architect and urban construction investor competition. Under the heading "meet at the casino“, the building complex which is classified as historical was redesigned and completed by extensive refurbishment and restructuring measures as well as a newly-built complex by the end of 2004. The two main lessees are Interbook and Bitburger. The flagship store of the leading book marketing company in the larger region of Trier occupies over 2,700 sq.m., Bitburger brewing house have rented shortly below 900 sq.m. for their new inn concept. The entire property is under long-term lease contracts.

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 750 million.

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