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

Press Release

DIC Asset AG leases 7,300 sqm in Munich

Frankfurt, 23.09.2010

DIC Asset AG has leased approx. 7,300 sqm of office property in Munich (Hanauer Straße, close to the city centre) to Amgen GmbH. The German subsidiary of the world's largest biotechnology firm has extended the lease for its German headquarters for several years.

The modern, four-storey office building has a rental area of 10,600 sqm and was taken over by DIC in 2007 with its acquisition of the Dolphin portfolio. DIC ONSITE, which is responsible for operational real estate management, manages 16 properties throughout Bavaria with a total commercial rental space in excess of 150,000 sqm and a total value of around EUR 200 million.

About Amgen

Amgen discovers, develops, manufactures and delivers innovative human therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab, to manufacturing plant, to patient. Amgen therapeutics have changed the practice of medicine, helping millions of people around the world in the fight against cancer, kidney disease, rheumatoid arthritis, and other serious illnesses. With a deep and broad pipeline of potential new medicines, Amgen remains committed to advancing science to dramatically improve people's lives. More than 350 Amgen employees in Germany work on developing, and marketing innovative pharmaceutical products.

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. Real estate assets under management currently amount to approx. EUR 3.2 billion. DIC Asset AG’s real estate portfolio includes around 2 million square metres of floor space, spread over 307 properties. The portfolio is divided into three segments: the 'Core plus' 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 are placed with third parties following a repositioning under an individual business plan. DIC Asset AG has been included in the SDAX® segment of the Frankfurt Stock Exchange since June 2006.

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