DIC Asset AG — M&A Activity 2007

Jul 18, 2007

News Details

Corporate | 18 July 2007 07:28

DIC Asset AG acquires real estate portfolio for EUR 155 million

DIC Asset AG / Miscellaneous

Announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Frankfurt-based DIC Asset AG has acquired another high-quality portfolio
with a total area of around 50,000 sqm in the context of two off-market
transactions. The total investment volume, including transaction costs, is
EUR 155 million. Overall, the area is divided into eight real estate
complexes, including the 'Rheinwerk' in Bonn, two properties in Cologne's
Rheinau harbor and AOK's headquarters in Neubrandenburg. All properties are
new buildings or as new.

53% of the properties are for office use, and 30% are retail premises. Most
of them are leased to prime tenants such as Edeka, C&A, AOK, ver.di and
adidas. The rental area is almost fully leased, and has an average lease
period of over 10 years. The sellers are Development Partner AG in
Düsseldorf, advised by the brokers Kemper’s, and a private investor, who
was advised by Brockhoff & Partner.

The properties purchased for the core segment of DIC Asset AG will remain
in the portfolio in the medium to long term. In the context of optimized
management, they are making a significant contribution to securing and
increasing the cash flow. The rental yield is 5.9% (based on the total
investment volume).

Since the beginning of 2006, DIC Asset AG has acquired real estate with a
total value of EUR 2.5 billion, with off-market transactions accounting for
around 40% of this figure.

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

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 332 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.

Investor Relations:
Stephan Gramkow
Grünhof - Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. +49-69-9454858-39
Fax +49-69-9454858-99
ir@dic-asset.de

DGAP 18.07.2007

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: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, München, Stuttgart, Düsseldorf

End of News DGAP News-Service

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