DIC Asset AG: RAG Foundation Acquires 4.8-per cent Stake in DIC Asset AG

Press Release

Frankfurt, 16 June 2014

RAG Foundation Acquires 4.8-per cent Stake in DIC Asset AG

– Takeover of shareholdings from MSREF

– Shareholding structure unchanged, with free float still at 66.8 per cent

DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) has just been notified that the RAG Foundation based in Essen, Germany, acquired a share block of Morgan Stanley Real Estate Funds (3,262,022 shares in DIC Asset AG, representing 4.76 per cent of the total number of shares, held since IPO 2005). The transaction was signed into legal effect on 09/06/2014. The two parties involved agreed not to disclose the purchase price. The investment of the RAG Foundation was effected via its master fund managed by Deka Investment GmbH.

Dr. Helmut Linssen, Member of the Board of Executives of the RAG Foundation: “The investment in DIC Asset AG also implies a commitment to indirect investment in German commercial real estate with the prospect of attractive returns. It is a sector that represents a sustainable and substantial component in our widely diversified investment portfolio.”

Ulrich Höller, CEO of DIC Asset AG: “Being a renowned first-rate investor, the RAG Foundation shows its faith in our business model with its long-term oriented engagement.”

Aside from this change within the group of owners, the shareholding structure of DIC Asset AG remains stable: The free float is still at an unchanged 66.8 per cent, including blue-chip shareholders such as the major German family office solvia Vermögensverwaltung with 5.1 per cent, the US asset manager Ell Capital Management with 4.9 per cent and the Dutch pension fund APG Asset Management with 3.2 per cent. The remaining 33.2 per cent continue to be held by Deutsche Immobilien Chancen-Group.

For details on DIC Asset AG, please visit us on the internet at www.dic-asset.de.
 

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The company has a total of around 250 real property assets worth approximately 3.4 billion euros under management. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The portfolio is divided into two segments: the Commercial Portfolio (EUR 2.2 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The “Co-Investment” segment (EUR 0.3 billion pro rata) pools fund investments, joint venture investments, and investments in project developments. Own real estate management teams provide a direct service to tenants through six branch offices located at the regional hubs within the portfolio. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. 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.

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