DIC Asset AG — M&A Activity 2007

Dec 20, 2007

News Details

Corporate | 20 December 2007 07:26

DIC Asset AG acquires portfolio from iii-Investment

DIC Asset AG / Miscellaneous

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Frankfurt-based DIC Asset AG has purchased 13 major properties with a total
area of around 77,000 sqm from the Euromobil fund of iii–Investment GmbH.
The total investment volume, including transaction costs, is EUR 173
million. Around 60 per cent of the properties are used for retail, and are
almost solely situated in prime pedestrian zone-locations; 40 per cent are
used as office and other commercial properties. The properties are situated
in outstanding locations of major cities such as Munich, Frankfurt,
Wiesbaden, Flensburg and Leipzig.

Most of the high-quality properties are leased to top tenants such as H&M,
Peek & Cloppenburg und Marktkauf Holding. The average remaining lease term
of the rental area is 3.6 years, and the vacancy rate is 10 per cent. The
current annual rent is EUR 11.3 million, which equates to a rental yield of
6.5 per cent (gross passing rent in relation to the total investment
amount). The seller was advised by Cushman & Wakefield during the
transaction.

The properties, acquired for the value-added segment of DIC Asset AG, make
a significant contribution towards securing and increasing the regular cash
flow.

Ulrich Höller, CEO of DIC Asset AG: 'The acquisition of the AXA portfolio
in October once again underlines our ability to successfully generate and
realise attractive buying opportunities, especially in the current market
climate, and for which we are ideally positioned with our active asset
management'.

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 1.3
million sqm of floor space, spread over 350 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 3.5 billion.
DIC Asset AG has been listed on the SDAX index since June 2006.

For more information on DIC Asset AG, please visit www.dic-asset.de.

Investor Relations:
Stephan Gramkow
Grünhof · Eschersheimer Landstrasse 223
60320 Frankfurt/Main, Germany
Phone +49 69 9454858-39
Fax +49 69 9454858-99
ir@dic-asset.de

20.12.2007 Financial News transmitted by DGAP

Language: English
Issuer: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt
Deutschland
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
E-mail: info@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart, Düsseldorf

End of News DGAP News-Service

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