DIC Asset AG Reinforces Senior Management of DIC Onsite GmbH

Press Release

DIC Asset AG Reinforces Senior Management of DIC Onsite GmbH

• Christian Fritzsche appointed as additional member of the management board of DIC Onsite GmbH
• Experienced and very well-connected letting specialist for further growth
• Additional task of setting up a dedicated DIC research team

Frankfurt am Main, 3 March 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany’s leading listed property companies, appointed Christian Fritzsche as new member of the management board of DIC Onsite GmbH since 1 March 2021. With eight branch offices across Germany, this operating subsidiary of DIC Asset AG covers the company’s very broad management spectrum in the areas of asset management, letting, property management and property development.

Christian Fritzsche will join Joachim von Bredow and Marco Knopp as third member of the senior management of DIC Onsite GmbH, the focus of his work being group-wide letting activities for proprietary holdings (Commercial Portfolio) and third-party business on behalf of institutional investors (Institutional Business).

Moreover, he will be responsible for setting up a central knowledge unit for DIC Asset that will supplement the external market research with independent analyses. This will enable DIC Asset to respond even more swiftly to changes in submarkets, and to keep exploiting opportunities for further growth.

“By bringing Christian Fritzsche aboard, we are adding an experienced letting expert to the senior management of DIC Onsite from our own ranks. He represents the values that set us apart: He is fast, creative and very well connected in the market. Over the course of the last ten years, he achieved many successful letting transactions for us. At his new position, Christian Fritzsche will play a decisive role for us to reach our new medium-term goal of EUR 15 billion in assets under management,” commented Sonja Wärntges, CEO of DIC Asset AG, on the appointment of Christian Fritzsche.

Personal details: As a real estate industry expert with more than 20 years of experience, Christian Fritzsche has a long track record of successful lettings all over Germany. He has been with DIC Asset Group companies since 2010. In his most recent position at DIC Asset AG, he served as Head of Letting Operations. Previously, he worked as Director Commercial Leasing for IFM Asset Management and as a letting specialist for Union Investment, among other roles. Christian Fritzsche is a certified business administrator.

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for commercial 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 eight offices on the ground in all major German markets. We manage 225 assets with a combined market value of c. EUR 10.3 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate constant 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 (EUR 8.3 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

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

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de