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DIC Asset AG acquires portfolio from iii-Investment

DIC Asset AG / MiscellaneousRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------Frankfurt-based DIC Asset AG has purchased 13 major properties with a totalarea of around 77,000 sqm from the Euromobil fund of iii–Investment GmbH.The total investment volume, including transaction costs, is EUR 173million. Around 60 per cent of the properties are used for retail, and arealmost solely situated in prime pedestrian zone-locations; 40 per cent areused as office and other commercial properties. The properties are situatedin 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 termof the rental area is 3.6 years, and the vacancy rate is 10 per cent. Thecurrent annual rent is EUR 11.3 million, which equates to a rental yield of6.5 per cent (gross passing rent in relation to the total investmentamount). The seller was advised by Cushman & Wakefield during thetransaction.The properties, acquired for the value-added segment of DIC Asset AG, makea significant contribution towards securing and increasing the regular cashflow.Ulrich Höller, CEO of DIC Asset AG: 'The acquisition of the AXA portfolioin October once again underlines our ability to successfully generate andrealise attractive buying opportunities, especially in the current marketclimate, and for which we are ideally positioned with our active assetmanagement'.About DIC Asset AGEstablished in 2002, DIC Asset AG, with registered offices inFrankfurt/Main, is a real estate company with a dedicated investment focuson commercial real estate in Germany, pursuing a return-oriented investmentpolicy. DIC Asset AG's real estate portfolio currently includes around 1.3million sqm of floor space, spread over 350 properties. The portfolio isdivided into three segments: the Core portfolio includes the proprietaryportfolio held on a long-term basis and offering stable, attractive rentalyields; the Value-Added portfolio contains real estate with promisingperformance potential over the medium term; while the OpportunisticCo-Investments portfolio is comprised of real estate investments that havea more pronounced risk/return profile, which will be placed with thirdparties following a repositioning under an individual business plan. Realestate 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 GramkowGrünhof · Eschersheimer Landstrasse 22360320 Frankfurt/Main, GermanyPhone  +49 69 9454858-39Fax +49 69 9454858-99ir@dic-asset.de 20.12.2007  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       DIC Asset AG              Eschersheimer Landstr. 223              60320 Frankfurt              DeutschlandPhone:        +49 69 9454858-0Fax:          +49 69 9454858-99E-mail:       info@dic-asset.deInternet:     www.dic-asset.deISIN:         DE0005098404WKN:          509840Indices:      S-DAXListed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, München, Stuttgart, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------