DGAP-News DIC Assets
DGAP-News: DIC Asset AG / Key word(s): Real Estate
24.05.2018 / 08:30
DIC Asset AG acquires office building in Leverkusen for c. EUR 51 million
– Commercial Portfolio grows by c. EUR 51 million
– New scheme, occupancy rate 100 %, WALT 16.76 years
– Gross lettable area around 13,300 sqm, 301 parking spots
Frankfurt am Main, 24 May 2018. DIC Asset AG, one of Germany’s leading listed property companies, just acquired an office property in Leverkusen-Mitte that is fully occupied on a long-term lease for the price of c. EUR 51 million, the property being earmarked for the company’s Commercial Portfolio. The office building, which was completed in early 2018, covers a gross lettable area of around 13,300 square metres and includes 301 parking spots. The building’s anchor tenant, the pronova BKK, one of Germany’s largest health insurance companies, moved into the building shortly after its completion, pooling c. 640 employees from Cologne, Leverkusen and Remscheid in this new location. The weighted average lease term (WALT) is 16.76 years. The property was sold by the project developer Landmarken AG, with whom the cooperation in the negotiations was very confidently and constructive.
“Leverkusen is a city with economic potential, and therefore goes very well with the strategic alignment of our Commercial Portfolio. The objective we are pursuing with the acquisition of the property is to supplement the portfolio with optimal yield opportunities and to boost its growth. It is here that we benefit from our sound regional market access. The next acquisitions are already in the pipeline,” said Sonja Wärntges, CEO of DIC Asset AG.
The acquisition in Leverkusen was facilitated by BNP Paribas Real Estate.
For more details on DIC Asset AG, go to the internet at www.dic-asset.de.
About DIC Asset AG:
In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.6 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.6 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company’s shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||DIC Asset AG|
|Neue Mainzer Straße 20 * MainTor|
|60311 Frankfurt am Main|
|Phone:||+49 69 9454858-1462|
|Fax:||+49 69 9454858-9399|
|ISIN:||DE000A1X3XX4, DE000A1TNJ22, DE000A12T648|
|WKN:||A1X3XX, A1TNJ2, A12T64|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxemburg|
|End of News||DGAP News Service|