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DIC places property portfolio with INOVALIS

 ​DGAP-News DIC Assets​

DIC Asset AG / DisposalAnnouncement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------At the end of 2006 the Frankfurt-based DIC Group (Deutsche ImmobilienChancen) has signed a contract with the French property investor INOVALIS(with registered offices in Paris) to sell a portfolio of 48 propertieswith a total floor space of 70,000 sqm at a price of around EUR 90 million.Half the properties came from the portfolio of the Frankfurter Sparkasse(acquired by DIC in 2004), whilst the other half came from the MEAGportfolio (acquired by DIC in 2005). The major geographic locations of theportfolio are in West Germany (Bremen, Kiel, Trier) and Frankfurt. Theportfolio consists almost exclusively of office and retail properties.Around 90 per cent of the properties are let. In addition to its extensiveacquisition activities, as part of its active asset management policy, DICregularly appears on the market as a seller of properties.About DICDIC (Deutsche Immobilien Chancen) was founded in Frankfurt in 1998 and,with its innovative investment philosophy and its focus on the Germanmarket, is one of the most prominent and successful firms in Germanyspecializing in commercial real estate transactions. Its businessactivities include portfolio and asset management, which is handled by itsprime standard listed company, DIC Asset AG, project development andopportunistic investments. The real estate assets managed by the DIC groupcurrently amount to over EUR 2.3 billion. Its shareholders are investmentcompanies, institutional investors (such as Morgan Stanley) and privateinvestors with a family background in industry.DIC/Investor Relations:Stephan GramkowGrünhof · Eschersheimer Landstraße 22360320 Frankfurt am MainFon. (069) 27 40 33-10Fax (069) 27 40 33-70ir@dic-asset.de DGAP 08.01.2007 ---------------------------------------------------------------------- Language:     EnglishIssuer:       DIC Asset AG              Eschersheimer Landstr. 223              60320 Frankfurt DeutschlandPhone:        069 / 274033-0Fax:          069 / 274033-69E-mail:       info@dic-asset.deWWW:          www.dic-asset.deISIN:         DE0005098404WKN:          509840Indices:      S-DAXListed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in              Berlin-Bremen, München, Stuttgart, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------