DIC Asset AG — M&A Activity 2006

Jun 26, 2006

News Details

Ad-hoc | 26 June 2006 07:27

DIC Asset AG purchases Ruhr Portfolio with 15 properties

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— The Frankfurt-based property investor DIC Asset AG has now acquired a portfolio of 15 properties from Häusser-Bau in Bochum with a total usable area of around 95,000 sqm. The total investment volume is around EUR 123 million. The Ruhr Portfolio primarily consists of office and retail trading properties, which are almost exclusively within the Ruhr region, with several properties located in Bochum. The properties are in good inner-city locations and around 90% of them are let. The best known properties are the Stadtbadgalerie in Bochum’s inner-city and the civic center Gelsenkirchen. The majority of the long-term leases ensures a solid cash flow base for DIC Asset AG. Attractive value-added potentials can be achieved on several properties through restructuring and re-lettings. DIC Asset AG/Investor Relations Stephan Gramkow Grünhof · Eschersheimer Landstraße 223 60320 Frankfurt am Main Fon. (069) 27 40 33-10 Fax (069) 27 40 33-70 ir@dic-asset.de (c)DGAP 26.06.2006 ————————————————————————— 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 —————————————————————————