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DIC Asset successfully realises several disposals even in difficult market environment

 ​DGAP-News DIC Assets​

DIC Asset AG / MiscellaneousRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------In spite of the difficult market environment, the Frankfurt-based companyDIC Asset AG (WKN 509840/ ISIN DE0005098404) has turned over a total volumeof EUR 36 million with several selling transactions concerning the sale ofcommercial real estate in Bavaria, Berlin and the Ruhr area. In each case,last year's book and market values of the properties were exceeded.The largest of the properties sold was the headquarter of Pfleiderer AG inNeumarkt, Bavaria, which DIC acquired in 2005. The architecturallyattractive administration building (architect: Hadi Teherani) with 9,500sqm office space was sold to a private investor.In Berlin, five smaller office properties were sold to a private investor.The properties are in locations such as the Teltower Damm, MariendorferDamm and Golzstraße.In addition, DIC Asset sold a major hypermarket in the greater Paderbornarea to an institutional investor.For the majority, realisation of the relevant income can still be expectedin the fourth quarter of 2008. DIC Asset was advised in the Pfleiderer andPaderborn transactions by the brokers Brockhoff & Partner in Essen, and inthe disposal in Berlin by the brokers Engel & Völkers.CEO Ulrich Höller: 'These disposals put us on the finishing straight for2008. They provide the proof that our sales strategy and our network areeffective even in an extremely difficult market environment and thatprofits can be made.'Further information about DIC Asset AG is available 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 that focuses exclusively on investing inGerman commercial real estate and maximising earnings from its investments.DIC Asset AG's real estate portfolio currently includes around 1.3 millionsqm of floor space, spread over 340 properties. The portfolio is dividedinto three segments: The Core portfolio includes the proprietary portfolioheld on a long-term basis and offering stable, attractive rental yields;the Value-Added portfolio contains real estate with promising performancepotential over the medium term; while the Opportunistic Co-Investmentsportfolio is comprised of real estate investments that have a morepronounced risk/return profile, which are placed with third partiesfollowing a repositioning under an individual business plan. Real estateassets under management currently amount to approx. EUR 3.5 billion. DICAsset AG has been listed on the SDAX index since June 2006.17.12.2008  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       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 Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------