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DIC Asset AG expands retail ratio in its real estate portfolio

DIC Asset AG / MiscellaneousAnnouncement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------•    DIC Asset AG invests EUR 37 million in retail parks•    Further transactions are planned by the end of the yearThe Frankfurt-based DIC Asset AG is expanding its investment portfolio withretail trading properties and, in this regard, has reached an agreementwith Rheinische Grundbesitz & Beteiligungs AG, Bensheim (the investmentcompany of Dietz AG), to take over five retail parks in the Rhine-Neckarregion with a total rental floor space of almost 25,000 sqm in an initialtransaction. The total investment volume of this off-market transactioncomes to around EUR 37 million for an initial yield (including all closingcosts) of 7.25%. Once the new developments are completed in 2007, the fullylet retail parks will become the property of DIC Asset AG. In December2005, DIC had already taken over the Rhine-Main-Neckar portfolio fromRheinische Grundbesitz, consisting of eight properties (investment volume:EUR 58 million).With this strategic acquisition, DIC Asset AG is specifically expanding thehigh-yield retail sector in its real estate portfolio. In the medium term,the company plans to increase the ratio from the current 17% to around 30%.The retail parks are within the Darmstadt-Bergstraße area with sites in,for example, Bensheim and Pfungstadt. They are leased to first-ratecompanies such as EDEKA, REWE and AWG. The long-term lease period is, onaverage, in excess of 13 years. The properties are predominantly containedin DIC Asset AG’s core portfolio which combines long-term own holdings withattractive rental yields.Ulrich Höller, Chairman of the Board of DIC Asset AG: 'With this purchase,the strategic objective is directed at expanding the high-yield retailsector. We are currently involved in somewhat exclusive negotiationsregarding a total transaction volume of up to EUR 350 million, in which DICAsset AG will participate as co-investor.'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 more than775,000 sqm of floor space, spread over 217 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. Thereal estate portfolio currently being managed totals approx. EUR 1.9billion. DIC Asset AG has been included in the SDAX® segment of theFrankfurt Stock Exchange since June 2006.DIC Asset AG / Investor RelationsStephan GramkowGrünhof · Eschersheimer Landstraße 22360320 Frankfurt am MainTel. (0 69) 9 45 48 58-39Fax (0 69) 9 45 48 58-99ir@dic-asset.deDGAP 22.11.2006 ---------------------------------------------------------------------- Language:     EnglishIssuer:       DIC Asset AG              Eschersheimer Landstr. 223              60320 Frankfurt DeutschlandPhone:        069 / 274033-0Fax:          069 / 274033-69E-mail:       info@dic-asset.deWWW:          www.dic-asset.deISIN:         DE0005098404WKN:          509840Indices:      S-DAXListed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in              Berlin-Bremen, München, Stuttgart, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------