DIC Asset AG Reshuffles Senior Management of DIC Onsite

Press Release

DIC Asset AG Reshuffles Senior Management of DIC Onsite

Frankfurt am Main, 18 December 2018. DIC Onsite GmbH, a fully-owned subsidiary of DIC Asset AG, which in turn is one of Germany’s leading listed property companies, will start into its next financial year with a new senior management as of 01 January 2019. The objective that the S-Dax-listed DIC Asset AG pursues in line with its very dynamic growth is to intensify the property management focus of its asset management and property management subsidiary, which employs 120 staff and operates six branch offices across Germany.

DIC Asset AG has embarked on a successful growth trajectory, and expanded its assets under management to c. EUR 5.1 billion in recent months. Against this background, the requirements in regard to lettings, refurbishments and other needs of DIC Onsite’s real estate portfolio, which focuses on appreciation and the generation of sustainably attractive revenues, have seriously intensified. DIC Asset AG therefore intends to focus its asset management and property management as well as its leadership even more strongly on the expanded operational core tasks.

It is in this context that the senior management of DIC Onsite GmbH is being reshuffled. The two serving managing directors, Hanno Schrecker and Guido Beddig, will be leaving the company. Their place will be taken over by Joachim von Bredow, a highly experienced real estate specialist who has been active on behalf of DIC in various roles for a long period of time, as well by another executive of profound operational experience who is yet to join the company and whose appointment will be announced shortly.

“I would like to thank Hanno Schrecker and Guido Beddig for their dedicated work and wish them every personal and professional success going forward. Meanwhile, DIC is pushing forward into new dimensions. The purpose of the senior management changes at DIC Onsite is to make our real estate management fit for the future. At this time, let me wish the incoming managing directors and the entire staff of DIC Onsite success in their endeavours, good cheer and good luck. I very much look forward to working with you,” said Sonja Wärntges, CEO of DIC Asset AG.

For more details on DIC Asset AG, go to the internet at www.dic-asset.de.

Contact:

Nina Wittkopf
Head of Investor Relations & Corporate Communications
Tel. +49 69 9454858-1462
Mobile +49 151 2990-5223
ir@dic-asset.de

About DIC Asset AG:

DIC Asset AG is one of Germany’s leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has 181 assets with a combined market value of c. EUR 5.1 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.

In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.9 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.6 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes, equity investments in property developments and joint venture investments. 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.