DGAP-News

DIC Asset AG launches its first logistics property fund - Seite 2

Attractive seed portfolio enables immediate capital investment

The logistics real estate fund is aimed at professional institutional investors who wish to diversify their portfolio with investment opportunities that substantially exceed the currently very low interest level. The fund already has a valuable seed portfolio which will allow an immediate capital investment for interested investors.

The four logistics assets of the seed portfolio are located in leading logistics regions of Germany and have a combined volume of c. EUR 132 million, so that investors will start benefiting from an attractive distribution right away. Other properties are already undergoing pre-acquisition due diligence. Under consideration are standing properties and new-build units, portfolios as well as property developments with high alternative use potential. The acquisition volume per asset ranges from EUR 15 to 75 million. The special AIF is expected to reach its target volume within a three-year period.

The administration of the fund will be handled by Hansainvest, a third-party AIFM. RLI Investors will continue to strengthen the real estate platform of DIC Asset AG with its know-how as logistics specialist in the future.

About DIC Asset AG:

DIC Asset AG is Germany's leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 225 assets with a combined market value of c. EUR 10.3 billion on site, always close to our properties and tenants.

The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate constant cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management and realising gains from sales.

In the Institutional Business segment (EUR 8.3 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.