DGAP-News

DIC Asset AG places ESG linked promissory note of EUR 250 Million - Seite 2

To qualify as a green building, a given property has to meet certain standards in terms of energy consumption, energy used, and building materials. Accordingly, the company's buildings should be as energy-efficient as possible. To this end, DIC Asset AG is adopting the specifications of the German Energy Saving Ordinance (EnEV) and the internationally established LEED, DGNB, BREEAM and ENERGY STAR standards for sustainable building certifications.

"With the ESG-linked Schuldschein, we are once again assuming a pioneering role within our industry, which wants to step up its contribution to Germany's national climate targets. By linking the interest rates to reliably measurable sustainability ratios, we are defining concrete guidelines for our investment and refurbishment activities. A positive contribution to climate protection and simultaneously a lower finance expense for us -clearly a win-win arrangement," commented Sonja Wärntges, CEO of DIC Asset AG.

The banks facilitating the transaction were Bayerische Landesbank (BayernLB), Landesbank Baden-Württemberg (LBBW) and ING Deutschland.

 

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 their occupiers.

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.