DIC Asset AG completes lettings for 6,200 sqm of New Work space at Global Tower in Frankfurt

Press release

DIC Asset AG completes lettings for 6,200 sqm of New Work space at Global Tower in Frankfurt

• Pre-let ratio increases to around 65%
• Three long-term lease agreements for up to 12 years signed
• New Work concept focuses on agile working and staff needs

Frankfurt am Main, 9 December 2022. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, just signed three new lease agreements for a combined floor area of 6,200 sqm at the Global Tower in the heart of Frankfurt’s financial district. Following a high-end upgrade, the 110-metre-tall landmark building will flexibly accommodate digital work concepts fit for the future. To ensure that the revitalisation meets the latest energy standards, a pre-certificate for the Platinum sustainability standard of the DGNB German Sustainable Building Council was obtained. Moreover, the Global Tower counts among the first high-rises in Frankfurt’s financial district to qualify for a WiredScore Platinum certificate because it meets future technological requirements. The Global Tower has been under DIC’s management since the end of 2016.

“We structured the Global Tower as a high-quality building with plenty of appeal in its central location, and corporate leads are well aware of it. We are glad to have found further international blue-chip tenants for the Global Tower, and it is not least our highly productive and creative team on the ground that we have to thank for this,” commented Christian Fritzsche, Managing Director of DIC Onsite GmbH, a DIC subsidiary.

Martina Averbeck, Managing Director of HANSAINVEST Real Assets, added: “We are very happy about the successful lease signings and the high pre-let ratio well ahead of the building’s acceptance. We are confident that units as exclusive as these will continue to attract well-heeled companies prior to its completion.”

Mayer Brown LLP, a prestigious international law firm, will occupy around 4,700 sqm on floors 18 through 21, including one part of the fourth floor that comes with a dedicated section of the roof terrace.

Devoteam, a leading consultancy firm with focus on digital strategy, will merge its two offices in a 1,000-sqm unit it rented on the 17th floor of the Global Tower.

HANSAINVEST Hanseatische Investment-GmbH, the leading German third-party AIFM company, rented 500 sqm on the 16th floor. The company is part of the SIGNAL IDUNA Group, as is asset manager HANSAINVEST Real Assets, the joint venture partner of the Global Tower project.

The leases that DIC now signed with incoming tenants have long terms of up to twelve years. As a result, the pre-let ratio for the Global Tower rose from 50% to around 65%.

The 30-storey building at Neue Mainzer Strasse 32-36, which was thoroughly revitalised according to plans of the architectural firm by holger meyer architektur, provides about 33,000 sqm of high-end office units that lend themselves flexibly to a variety of layout concepts. They exemplify the “office of the future” in the digital age, and are consistently aligned with DIC’s understanding of the “New Work” idea: an environment that supports agile work formats and that provides workplaces where staff can either work in focused seclusion or engage in informal communication.

Other aspects that make the Global Tower the perfect solution for companies of any size include the building’s central, conveniently accessible location and the amenities available inside. In the location assessment carried out by SKYLINE ATLAS, the digital news platform for high-rise buildings in the Frankfurt am Main city region, and the analysis company ViertelCheck, the Global Tower achieved a top score of 94 out of a possible 100 points.

CBRE acted as estate agency for the lease transaction with Mayer Brown LLP, while the lease with Devoteam was brokered by Arthur Rubinstein & Cie KG.

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for office and logistics 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 nine offices on the ground in all major German markets (with VIB Vermögen AG included). We currently manage a total of 359 assets with a combined market value of EUR 14.5 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment comprises real estate held for our own account. 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 products that return attractive dividend yields.

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

For more details, go to www.dic-asset.de.

About HANSAINVEST Real Assets

HANSAINVEST Real Assets GmbH is known for long-term experience and sustainable investments in the real estate and infrastructure sectors. Employing over 100 professionals, the company has more than 7 billion euros worth of assets under management.

In the real estate sector, the internationally positioned experts manage office, retail, hotel, logistics and residential real estate in 24 different countries. In addition to portfolio management, the company covers the areas of acquisitions and dispositions, asset management and property development.

The company’s second pillar includes the international portfolio of assets in the renewable energies and other infrastructure segment. On the whole, the in-house team of specialists manages a volume of 1.9 billion euros in the form of individually structured direct investments, fund interests, and mezzanine financing arrangements. The spectrum of deliverables in this context ranges from property development to transactions and finance all the way to equity investment solutions.

For more details, go to: www.hansainvest-real.de.

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
ir@dic-asset.de