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

Press Release

Jürgen Schäfer strengthens Board of Directors of DIC Asset AG

Frankfurt, 03.07.2007

The Frankfurt-based company DIC Asset AG has appointed Dr. Jürgen Schäfer, MRICS, (45) to its Board of Directors as its new Chief Operating Officer (COO) with effect from 1st October 2007. Schäfer therefore succeeds Jürgen Overath, who is leaving the company for personal reasons to take on a new professional challenge in the Rhineland again.

Jürgen Schäfer was most recently Partner and Head of Real Estate at the renowned asset consulting firm Feri Wealth Management GmbH. As an experienced and distinguished real estate manager, he will strengthen the Board of Directors of DIC Asset AG with his many years of industry expertise, which he has acquired in a number of responsible positions in various real estate companies. He will focus on managing the strategically important Asset und Property Management Division and steering the activities of DIC ONSITE. DIC ONSITE is the central asset management entity of DIC, and has the task of managing a diversified real estate portfolio throughout Germany directly from the geographical centres. It is responsible for around 340 properties with a total value of just under EUR 3 billion. These are managed from five well-established locations.

About DIC Asset AG
Established in 2002, DIC Asset AG, with registered offices in Frankfurt/Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. DIC Asset AG’s real estate portfolio currently includes around 1.1 million sqm of floor space, spread over approx. 340 properties. The portfolio is divided into three segments: the Core portfolio includes the proprietary portfolio held on a long-term basis and offering stable, attractive rental yields; the Value-Added portfolio contains real estate with promising performance potential over the medium term; while the Opportunistic Co-Investments portfolio is comprised of real estate investments that have a more pronounced risk/return profile, which will be placed with third parties following a repositioning under an individual business plan. Real estate assets under management currently amount to approx. EUR 3 billion. DIC Asset AG has now been listed on the SDAX index for one year.

<< back