DIC Asset AG / Key word(s): Miscellaneous02.03.2011 / 08:06First DIC real estate fund fully placedFurther growth soughtThe entry into the fund market of Frankfurt-based real estate investor DICAsset AG has proved to be a success. The equity capital of the 'DIC OfficeBalance I' real estate special fund set up by the company, a specialist inGerman commercial real estate, has now been fully paid in at a total ofaround EUR 120 million. In addition, commitments in excess of this amounthave already been attracted for the fund's further development. Both thefund and DIC's new business segment are focused on growth. The aim is toincrease the volume of the fund, in accordance with the investors. Thereare even plans to set up more special funds in future.DIC started to market the fund in the spring of 2010. A high initialplacement, accounting for more than 75 per cent of equity, saw the specialfund reach the starting line and become operational in the autumn, with theproperties being transferred to the fund's assets.The special fund has attracted institutional investors, particularlypension funds, foundations, savings banks, and family offices. As such, DICAsset AG has seen its circle of investors expand to include businesspartners with an eye on the long term. The fund's investors have shares ina selection of five top-quality properties in German metropolitan areas(Berlin, Düsseldorf, Wiesbaden, Mannheim and Munich). Covering a totalrental space in excess of 58,000 m², the properties are almost fully let(97.5 per cent), with over 80 per cent being used as offices. Withoutexception, the chief tenants of the properties are first-rate companieswith excellent ratings. This offers considerable security in terms ofportfolio income. The average remaining tenancy term is almost six years.The borrowing (LTV) ratio is currently around 49 per cent, with loansarranged on a long-term basis.The existence of an initial portfolio means investors can enjoy attractivedividends as soon they make their investment. The target dividend is atleast 6 per cent per year. DIC Asset AG has invested in a 20 per centshare. This means both initiator and investors share a long-term interestin the project. DIC will offer the fund the benefit of its tried-and-testedservices in investment and real estate management. In addition toinvestment income, the new business segment will generate regular andstable revenue from the services provided. The partner investment companyas KAG provider is Warburg-Henderson subsidiary IntReal (International RealEstate Kapitalanlagegesellschaft mbH).Ulrich Höller, CEO of DIC Asset AG: 'Our achievement in fully placing ourfirst special fund has enabled us to enjoy rapid early success in our newbusiness segment. We are looking to really build on this in the comingyears.'Further information about DIC Asset AG is available online 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 square metres of floor space, spread over 316properties. 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. The Co-Investments segment contains minority holdings incomplementary real estate segments. This includes opportunistic investmentsand the Funds business segment, which invests in top-quality Core realestate. DIC Asset AG has been listed on the SDAX index since June 2006.End of Corporate News---------------------------------------------------------------------02.03.2011 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 --------------------------------------------------------------------- 114091 02.03.2011