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

Press Release

DIC Group acquires real estate portfolio from HANSAINVEST

Frankfurt, 10.05.2007

The Frankfurt-based real-estate investment company DIC - Deutsche Immobilien Chancen acquired a diversified property portfolio consisting of 54 properties across Germany with about 351,000 sqm of floor space from HANSAINVEST Hanseatische Investment-GmbH, the investment company of the Signal Iduna Group. The total investment sum, including transaction costs, is around EUR 465 million. The portfolio is composed of 65% office properties, 15% retail and 15% logistics properties. 40% of the office and commercial properties are located in various top locations in Germany such as Frankfurt, Hamburg, Berlin and Düsseldorf. 60% of the properties are in cities such as Kassel, Hannover, Braunschweig, Koblenz and Münster. The portfolio is concentrated in Nordrhein-Westfalen (30%), in the Rhein-Main area (21%) and in Hamburg (17%). The objects are predominantly leased to prime tenants. The current vacancy rate is 16 percent. The transaction, in which the SDAX-listed DIC Asset AG participates with an interest of 20%, falls in the area of opportunistic investments.

HANSAINVEST was advised by Atisreal during the transaction.

DIC CEO Ulrich Höller: "With the acquisition of this valuable portfolio we continue our dynamic expansion. The properties optimally supplement DIC Group’s portfolio in the area of opportunistic investments and they therefore provide a solid basis for further income growth."

HANSAINVEST Managing Director Nicholas Brinckmann: "The sale of the portfolio is an important step in our new real-estate strategy. In the future we will increasingly concentrate on investments in the USA, Europe and selected locations in Germany, preferably in large cities."

About DIC
DIC (Deutsche Immobilien Chancen) was founded in Frankfurt in 1998 and, with its innovative investment philosophy and its focus on the German market, is one of the most prominent and successful firms in Germany specializing in commercial real estate transactions. Its business activities include portfolio and asset management, which are handled by its SDAX listed company, DIC Asset AG, project development and opportunistic investments. Including this transaction, the real estate assets managed by the DIC group currently amount to over EUR 3 billion. Its shareholders are investment companies, institutional investors and private investors with a family background in industry.

About HANSAINVEST
HANSAINVEST Hanseatische Investment GmbH is registered in Hamburg and was founded in 1969. HANSAINVEST fits in the SIGNAL IDUNA group as one of the largest German insurance and financial services corporations. 125 employees  manage assets of around 8 billion euro in 40 mutual funds and approximately 20 special funds. Since 2004, HANSAINVEST offers its services to the institutional sector as a KAG for real estate, stocks and securities, and funds of hedge funds. In the real estate area, HANSAINVEST manages assets of around 2.3 billion euro. These are made up of direct investments, two real estate special funds and the open HANSAimmobilia real estate fund. Further information is available at www.hansainvest.com.


HansaInvest/Contact to the media

Nicholas Brinckmann
Managing Director
HANSAINVEST Hanseatische Investment-GmbH
Kapstadtring 8
22297 Hamburg 
040 / 300 57 61 60
nicholas.brinckmann@hansainvest.de

Holger Friedrichs
Head of media and communications
Dr. ZitelmannPB. GmbH
Rankestr. 17
10789 Berlin
Tel.: +49 – 30 - 72 62 76 157
Fax: +49 – 30 - 72 62 76 1793
friedrichs@zitelmann.com
www.zitelmann.com

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