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DIC Asset AG: Three Acquisitions worth EUR 57 Million for the Fund Business

DGAP-News: DIC Asset AG / Key word(s): Funds
DIC Asset AG: Three Acquisitions worth EUR 57 Million for the Fund
Business

10.08.2015 / 07:30

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Press Release

Frankfurt, 10 August 2015

DIC Asset AG: Three Acquisitions worth EUR 57 Million for the Fund Business

- Brings investment volume up to approximately EUR 710 million

- Investment period of first office real estate fund concluded

- Forecast upheld for acquisition volume of EUR 130 - 150 million

DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) completed another three
acquisitions with a total volume of 57 million euros on behalf of the
company's three investment funds. As a result, the investment volume
climbed to approximately 710 million euros. The company seeks to achieve an
acquisition volume between 130 and 150 million euros by the end of 2015.

Here are the transaction details:

- For the fund "DIC Office Balance I", approximately 27 million euros
were spent on an office property in Bonn:

- The multi-tenant asset, which was raised in 1994 and features
modern office accommodation, is located close to the town centre
and has convenient motorway access. Around 90 percent of the floor
area of roughly 10,000 sqm is currently let to five high-net-worth
companies.

- This latest acquisition concludes the fund's investment period.
Since it was launched, the fund has doubled in volume and now
totals approximately 420 million euros.

- For the fund "DIC Office Balance II", an office property in downtown
Düsseldorf was purchased for approximately 15 million euros:

- The almost fully occupied mixed office-commercial building with a
lettable area of around 5,200 sqm has been listed for three
decades, and was completely overhauled - from the façade to the
mechanical and electrical services - in 2012/2013 in an effort to
bring it up to the latest standards in terms of office equipment
and energy efficiency.

- For the fund "DIC HighStreet Balance", a commercial building in the
prime high street pitch of Saarbrücken was acquired for approximately
15 million euros.

- The property has a lettable area of around 1,700 sqm, a frontage
length of 13 metres, a modern façade structure, and is highly
visible. It was raised as a retail building in 2006, and is
characterised by a modern retail floor plan. It is fully occupied
by the apparel manufacturer ESPRIT on a long-term lease.

The company was advised on these transactions by the estate agencies
Rheinwert and Comfort Düsseldorf, among others.

About the Fund Business of DIC Asset AG:

Since 2010, DIC has launched a total of three institutional funds: a retail