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DIC: Presence on the ground and knowhow pay off - over 11,400 sqm in Frankfurt, Halle and Eschborn successfully let

DGAP-News: DIC Asset AG / Key word(s): Real Estate DIC: Presence on the ground and knowhow pay off - over 11,400 sqm in Frankfurt, Halle and Eschborn successfully let 25.11.2021 / 07:30 The issuer is solely responsible for the content of this announcement. Press release

DIC: Presence on the ground and knowhow pay off - over 11,400 sqm in Frankfurt, Halle and Eschborn successfully let

• Full occupancy achieved at Palazzo Fiorentino: municipal agency in Frankfurt rents an additional 3,300 sqm of floor area
• Subsequent lease for 3,900 sqm secured with tenant of many years at Loftwerk in Eschborn
• New lease for 4,200 sqm at the Neustadt Centrum retail property in Halle negotiated in record time

Frankfurt am Main, 25 November 2021. DIC Asset AG ("DIC"), ISIN: DE000A1X3XX4, one of Germany's leading listed property companies, just reported another two successful lettings in Frankfurt and Eschborn on behalf of institutional investors in its third-party business division. In addition, a new lease was signed for premises in a property in Halle that is held in the proprietary portfolio. Overall, DIC concluded lease agreements for more than 11,400 sqm - yet another sign that occupier markets are reviving and gathering momentum.

"Operating nationwide, our letting teams are always close to the market action, and keep building trust-based relations with our existing tenants. At the same time, we do everything we can to meet the specific needs of our incoming tenants when signing new leases. Furthermore, we address the issues of ESG and the future of office space by providing the right kind of answers. This is the basis of our continued successes in the letting business," commented Sonja Wärntges, CEO of DIC.

Details on the Lettings

At the start of the year, the City of Frankfurt am Main rented around 7,600 sqm in the Palazzo Fiorentino office property on a new lease for a municipal agency, as reported at the time. DIC now signed another lease with the same agency for the remaining floor area of the property with a total area of around 10,900 sqm. This brings the property, which is held in an open-ended special AIF focusing on office assets, back up to full occupancy. In summer of 2022, following the completion of the ongoing modernisation works, the agency will open for public business at its new location.