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DIC Asset AG proceeds successful sales strategy

 ​DGAP-News DIC Assets​

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.----------------------------------------------------------------------Letter to ShareholdersDear Madam, dear Sir, the Frankfurt-based company DIC Asset AG has sold six commercial propertieswith floor space totalling 17,000 sqm for a total volume of approximatelyEUR 27 million in several transactions. The properties are situated inprime locations in Hamburg, Berlin, Frankfurt, Mannheim and Bensheim. EUR16.7 million from this total volume is accounted for by DIC Asset AG,divided between the Value-added and Opportunistic Co-Investments segmentsat EUR 15.2 million and EUR 1.5 million respectively. The transactionsgenerated interesting value creation, most notably as a result ofrefurbishments and the reduction of vacant properties. For the majority ofsales, the corresponding contribution to profits is expected to be realisedin the third quarter of 2008.The buyers included both private and institutional investors. DIC Asset AGwas advised by various real estate agencies, such as Engel&Völkers, KnightFrank and RICH Immobilien.Even though the real estate market is still characterised by a noticeabledegree of reserve, we have managed to successfully continue with our salesactivities, tailored to the current conditions of the market, and at thesame time realise value created. We believe that our focus on adequatevolumes and relevant groups of buyers is thus underlined. Further sales area firm part of our strategy and are already in preparation.Yours faithfullyUlrich Höller  Markus Koch  Dr. Jürgen Schäfer (Board of Directors of DIC Asset AG)DIC Asset AGInvestor RelationsStephan GramkowGrünhof · Eschersheimer Landstraße 22360320 Frankfurt am MainTel. (0 69) 9 45 48 58-39Fax (0 69) 9 45 48 58-99ir@dic-asset.de03.09.2008  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), Hannover,              Hamburg; Freiverkehr in Berlin, Düsseldorf, München,              Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------