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DIC: Presence on the ground and knowhow pay off - over 11,400 sqm in Frankfurt, Halle and Eschborn successfully let - Seite 2

At the Loftwerk multi-tenant property in Eschborn near Frankfurt, the letting teams of DIC successfully negotiated a subsequent lease for around 3,900 sqm with a long-term tenant from the medical technology sector. The property is held by a special AIF of DIC's "Office Balance" special fund series.

At the Neustadt Centrum retail property on Neustädter Passage in Halle, DIC let 4,200 sqm of floor area to a cinema on a ten-year lease. Following a brief vacancy, the shopping centre, which has a total floor area of 30,700 sqm, is almost fully occupied again. The cinema seats a combined audience of 1,650 in eight fully air-conditioned auditoriums, and is scheduled to re-open before the end of this year.

 

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 237 assets with a combined market value of c. EUR 11.4 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate steady 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, 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.

DIC Asset AG has been SDAX-listed since June 2006.

IR/PR Contact DIC Asset AG:
Peer Schlinkmann
Leiter Investor Relations & Corporate Communications
Neue Mainzer Str. 20 * MainTor Primus
D-60311 Frankfurt am Main
T [phone]
[e-mail]

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25.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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