DIC Asset AG — M&A Activity 2007

Apr 27, 2007

News Details

Corporate | 27 April 2007 07:32

DIC Asset AG successfully placed portfolio

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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The Frankfurt-based DIC Asset AG has now placed a portfolio consisting of
ten commercial properties and an overall area of around 60,000 sqm to two
Luxembourg investors advised by Westcity PLC and AXA REIM at a price of
approximately EUR 86 million. The objects, primarily used as office
buildings, are mainly located in mid-sized German cities such as Bochum,
Gelsenkirchen, Ulm, Regensburg, Ingelheim and Neuss. Approximately 95% of
the properties are currently let. The average lease term is three to four
years. The transaction that was named ‘Mustang’ was offered as part of a
limited proceeding. The transaction is partially a share deal and partially
an asset deal. The buyers were advised by Knight Frank, the sellers by
Colliers Trombello Kölbel.

CEO Ulrich Höller: 'The sale underlines our strategy of actively managing
our portfolio and is part of our regular sales activities. This sale
optimizes our current portfolio diversification, especially from a regional
viewpoint.'

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. With this transaction, DIC Asset AG’s real estate portfolio
includes more than one million sqm of floor space, spread over 283
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 2.6 billion. DIC Asset AG has been included in the
SDAX® segment of the Frankfurt Stock Exchange since June 2006.

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 27.04.2007

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
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

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