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DIC Asset AG: 2022 off to an excellent start – with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank

 ​DGAP-News DIC Assets​

DGAP-News: DIC Asset AG / Key word(s): Real Estate
19.01.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Press Release

DIC Asset AG: 2022 off to an excellent start – with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank

  • Full occupancy achieved for IBC Campus
  • Creative restructuring of offices to suit the bank’s “New Work” – concept
  • Investment in sustainable building operation

Frankfurt am Main, 19 January 2022. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, started 2022 off with a successful large-scale letting transaction.

DIC renewed the bank’s unexpired lease agreement for about 32,000 sqm at the IBC office scheme in Frankfurt early on while letting an additional unit of 7,700 sqm to the bank. The lease term for a total of 39,700 sqm of state-of-the-art office space in the office tower approximates ten years. What is so special about it: Deutsche Bank has requested an office structure fit for tomorrow’s New Work format. DIC is therefore remodelling the third and fourth floors and the upper floors 26-29 according to an innovative “New Work” – concept.

“This letting transaction is not just of an exceptional scale for the office market of Frankfurt am Main, but is also a special sign pointing toward the office of the future. Deutsche Bank clearly commits itself to the physical office as workplace, redefining it as a location for creative interaction. What convinced the bank to move ahead was not just our offer of a highly attractive property but also – and this we appreciate even more – by our sensitivity for the bank’s needs in regard to modern work formats and by our creative solutions for meeting these reeds,” commented Sonja Wärntges, CEO of DIC.

The IBC scheme counts among the top three locations of Deutsche Bank in Frankfurt. The total floor area in the IBC of 84,000 sqm is spread across three building sections, and fully occupied by prestigious blue-chip tenants on long-term leases.

Sustainability in the building’s operation

The landmark property has been certified to the LEED Gold standard for sustainable construction methods. In addition, sustainability aspects play, and will keep playing, a key role in the day-to-day operation of the building. For example, EV charging stations have already been installed at the Campus, while preparations to install charging stations for electric bikes are under way. As one of several measures taken to promote biodiversity, additional bee hotels will be set up on the rooftop of the building. Moreover, the technical specifications of the building will be optimised for a yet more efficient and resource-conserving operation.

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 237 assets with a combined market value of c. EUR 11.4 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate steady cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management, and realising gains from sales.

In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

IR/PR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Str. 20 * MainTor Primus
D-60311 Frankfurt am Main
T +49 69 9454858-1492

19.01.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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