DIC Asset AG — M&A Activity 2006

Aug 17, 2006

News Details

Corporate | 17 August 2006 08:56

DIC and Morgan Stanley purchase property from the FALK-Fonds 80

Announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— A consortium of MSREF (Morgan Stanley Real Estate Funds) and the Frankfurt property investor DIC (Deutsche Immobilien Chancen) has purchased all six estates of the Falk-Fonds 80 as part of an asset deal. The holdings consist of office and service industry properties in München, Heilbronn, Würzburg, Nürnberg and Mainz with a total usable area of around 105,000 sqm. The individual properties are let long-term to impeccable tenants such as Siemens, BMW or Telekom. The total volume of investments is around 160 million euro. The stock exchange listed DIC Asset AG has a 20% share in the transaction. Falk-Fonds 80 is one of the closed-end funds of Falk Capital, which is not insolvent. The properties have an outstanding rating and are virtually 100% let. More information about the properties: – Property 1: München; Main tenant Siemens; Usable area 37,000 sqm – Property 2: München; Main tenant BMW; Usable area 8,700 qm – Property 3: Heilbronn; Main tenant Deutsche Telekom; Usable area 15,000 qm – Property 4: Würzburg; Main tenant Mediamarkt; Usable area 9,500 qm – Property 5: Nürnberg; Main tenant Deutsche Telekom; Usable area 25,500 qm – Property 6: Mainz; Main tenant Deutsche Telekom; Usable area 8,500 qm DIC Asset AG Stephan Gramkow – Investor Relations Grünhof · Eschersheimer Landstraße 223 60320 Frankfurt am Main Tel. (069) 27 40 33-10 Fax (069) 27 40 33-70 ir@dic-asset.de (c)DGAP 17.08.2006 ————————————————————————— Language: English Issuer: DIC Asset AG Eschersheimer Landstr. 223 60320 Frankfurt Deutschland Phone: 069 / 274033-0 Fax: 069 / 274033-69 E-mail: info@dic-asset.de WWW: www.dic-asset.de ISIN: DE0005098404 WKN: 509840 Indices: S-DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart, Düsseldorf End of News DGAP News-Service —————————————————————————