DGAP-News

DIC off to dynamic start into 2021 - Seite 3

Annual forecast upheld

Although the transactions markets were generally off to a more subdued start into the year 2021 as a result of the lockdown situation, and although the cross-market transaction volume in Germany lags behind the strong prior-year quarter, all major drivers of market growth remain intact, as far as DIC Asset AG can see. Against the background of the robust office markets and the unexhausted potential of the logistics sector, DIC Asset AG considers itself well positioned with its strategic focus on these two asset classes.

In terms of its annual targets, DIC Asset AG concluded the first quarter of 2021 as planned: For one thing, group-wide transactions with total investment costs (TIC) of c. EUR 274 million were notarised since the beginning of the year. On the acquisition side, two assets earmarked for the Commercial Portfolio were acquired for c. EUR 101 million, while two assets from third-party mandates were sold for c. EUR 173 million on the disposal side. With the integration of RLI Investors GmbH completed, the assets under management climbed to a new record level of EUR 10.6 billion (RLI Investors accounting for EUR 0.7 billion thereof). The forecast announced for the 2021 financial year as a whole was upheld after the great start to the year.

Invitation to Attend Investor Call / Webcast on 6 May 2021

The Management Board of DIC Asset AG invites you to attend the presentation of the financial statement for the first three months of 2021 on 6 May 2021 at 10:00 CEST.

Please use the phone numbers below to dial in.

Dial-in numbers:
Germany: [phone]
United Kingdom: [phone]
United States: [phone]
France: [phone]
Switzerland: [phone]

The confirmation code is: 1183735#

The webcast (incl. replay) is available under the link below:
https://www.webcast-eqs.com/dic20210506/no-audio

For more details on DIC Asset AG, visit the company's homepage at www.dic-asset.de.
 

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 231 assets with a combined market value of c. EUR 10.6 billion on site, always close to our properties and their occupiers.