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DIC Asset AG: Strong operational business at year-end 2010

DIC Asset AG / Key word(s): Miscellaneous18.01.2011 / 08:12DIC Asset AG: Strong operational business at year-end 2010 * Letting volume increased to around 256,000 sqm in 2010* Sales volume up significantly to EUR 132 millionDIC Asset AG (WKN 509840/ ISIN DE0005098404) now presents the firstprovisional operating results for the financial year 2010 after asuccessful fourth quarter. The figures for operations relate to the lettingvolume and the sales volume:The letting volume of DIC Asset AG reached some 256,000 sqm in 2010; upabout 4% compared to 2009 (245,500 sqm). Extensions to existing tenancyagreements saw a strong 12% increase to around 153,000 sqm (136,700 sqm),while new tenancies reached the level of 103,000 sqm (108,800 sqm). Theannualised rental income from these new tenancies and extensions toexisting tenancy agreements is some 9% higher year-on-year, at about EUR 27million (2009: EUR 24.8 million). The relatively large leasing deals in2010 include a print system manufacturer and service provider in Hanover,who leased or prolonged a total of more than 18,000 sqm, Schwab Versand(Frankfurt area) with new tenancies and extensions to existing tenancyagreements of 12,000 sqm, as well as BMW (Munich) with an extension to thetenancy agreement for 8,800 sqm.The sales volume increased significantly in 2010 to EUR 132 million after60 million last year 2009. In 2010, sales regained a substantial momentumtowards year-end, with a transaction volume of EUR 62 million in the fourthquarter alone. The biggest transactions include two office and commercialproperties in Flensburg (EUR 29 million) and Mannheim (EUR 17 million).Further information about DIC Asset AG can be found on the Internet atwww.dic-asset.de.About DIC Asset AGEstablished in 2002, DIC Asset AG, with registered office in Frankfurt amMain, is a real estate company with a dedicated investment focus oninvesting in commercial real estate in Germany, pursuing a return-orientedinvestment policy. Real estate assets under management amount toapproximately EUR 3.2 billion. DIC Asset AG's real estate portfolioincludes around two million sqm of floor space, spread over some 300properties. The portfolio is divided into three segments: the Core plusportfolio includes the proprietary portfolio held on a long-term basis andoffering stable, attractive rental yields; the Value-Added portfoliocontains real estate with promising performance potential over the mediumterm; while the Opportunistic Co-Investments portfolio is comprised of realestate investments that have a more pronounced risk/return profile, whichare placed with third parties following a repositioning under an individualbusiness plan. DIC Asset AG has been listed on the SDAX index since June2006.End of Corporate News---------------------------------------------------------------------18.01.2011 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language:    English                                                Company:     DIC Asset AG                                                        Eschersheimer Landstr. 223                                          60320 Frankfurt                                                     Deutschland                                            Phone:       +49 69 9454858-0                                       Fax:         +49 69 9454858-99                                      E-mail:      info@dic-asset.de                                      Internet:    www.dic-asset.de                                       ISIN:        DE0005098404                                           WKN:         509840                                                 Listed:      Regulierter Markt in Frankfurt (Prime Standard);                    Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,               München, Stuttgart                                       End of News    DGAP News-Service  ---------------------------------------------------------------------  109243 18.01.2011