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DIC Asset AG: transaction volume in 2010 already stands at EUR 107 million

 ​DGAP-News DIC Assets​

DIC Asset AG  / Key word(s): Disposal20.10.2010 08:30---------------------------------------------------------------------------DIC Asset AG has now sold a retail property situated in a top location inthe centre of Flensburg for some EUR 29 million to an internationalinstitutional investor. The group of buildings, which has a let-table areaof some 7,000 sqm, is nearly fully let. The transaction was brokered byJones Lang LaSalle. DIC Asset acquired the property in 2007 with thepurchase of a portfolio.With the sale of this property, DIC has realised EUR 107 million fromproperty transactions since the beginning of the year. In total it has sold25 properties offering lettable space of 56,000 sqm since the start of2010. As a result, it has already significantly exceeded its transactiontarget, which was set in August 2010, of at least EUR 80 million. At theend of the first half of 2010, sales stood at EUR 36 million.Ulrich Höller, CEO of DIC Asset AG: 'This deal is a further indication ofthe significant firming in the investment market since the middle of theyear. Following the small-volume sales of the last two years, which wereforced upon us by the crisis, larger-scale transactions on reasonable termsare now possible once more.'About DIC Asset AGEstablished in 2002, DIC Asset AG, with registered offices inFrankfurt/Main, is a real estate company with a dedicated investment focuson commercial real estate in Germany, pursuing a return-oriented investmentpolicy. Real estate assets under management currently amount to approx. EUR3.2 billion. DIC Asset AG's real estate portfolio includes around 2 millionsquare metres of floor space, spread over 307 properties. The portfolio isdivided into three segments: the 'Core plus' portfolio includes theproprietary portfolio held on a long-term basis and offering stable,attractive rental yields; the Value-Added portfolio contains real estatewith promising performance potential over the medium term; while the'Opportunistic Co-Investments' portfolio is comprised of real estateinvestments that have a more pronounced risk/return profile, which areplaced with third parties following a repositioning under an individualbusiness plan. DIC Asset AG has been included in the SDAX(R) segment of theFrankfurt Stock Exchange since June 2006. Investor Relations & Corporate Communications:Immo von HomeyerEschersheimer Landstraße 22360320 Frankfurt am MainFon +49-69-274033-86Fax +49-69-9454858-99i.vonhomeyer@dic-asset.de20.10.2010 Dissemination of a Corporate News, transmitted by DGAP - a company 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:     EnglishCompany:      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); Freiverkehr              in Hamburg, München, Düsseldorf, Berlin, Stuttgart, Hannover End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------