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

Press Release

DIC Asset acquires Creditreform headquarters in Neuss

Frankfurt, 19.10.2005

Frankfurt-based DIC Asset have expanded their investment portfolio by acquiring Creditreform headquarters in Neuss. The union of associations Creditreform e.V. accommodates 350 employees on the approx. 7,000 sq. m. of office space in this property representing the service center for the entirely 130 Creditreform associations. The investment volume amounts to around € 12 million. The property is under a long-term lease contract with Creditreform. The transaction was procured and supported by the brokerage firm Catella Eureal, Düsseldorf.

The responsible COO of DIC Asset, Jürgen Overath, says: “The acquisition of Creditreform headquarters is clearly in line with our consistent growth strategy focussing on investments with top lessees in regions with good growth perspectives.“

Notes on DIC Asset AG
The Frankfurt-based company DIC (Deutsche Immobilien Chancen) Asset AG, is the stock-exchange listed subsidiary of the DIC real estate group, Frankfurt, founded in 1998. It is active in the acquisition, sale, management and development of commercial real estate in the German market. The DIC group uses DIC Asset AG primarily as the vehicle for its real estate asset portfolio, which has undergone major expansion over the last few years. The volume of real estate assets under its management currently amounts to around €450 million. Among the most important transactions completed in the recent past were the purchases of eBay’s German headquarters, the real estate portfolio of Frankfurter Sparkasse and the Degussa area in Frankfurt; deals which attracted considerable attention within the real estate sector.

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