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

Press Release

DIC lets prime Frankfurt property to Nespresso

Frankfurt, 28.11.2005

The DIC group has let over 350 sq.m. in its property in Frankfurt’s luxury retail area between Goethestraße and Fressgasse on a ten-year lease to Nespresso Deutschland GmbH, a subsidiary of Nestlé. The lease was arranged by real estate agent Jones Lang LaSalle.
Nespresso will take up the let in April 2006 for the purpose of establishing the fourth Nespresso boutique in Germany, adding to their existing chain of luxury retail outlets in such locations as London, Paris and Rome. The building is part of the real estate portfolio acquired by DIC and the Morgan Stanley Real Estate Fund (MSREF) from Frankfurter Sparkasse in 2004, and is being repositioned in the market as part of general restructuring measures.

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 900 million.

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