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DGAP-News DIC Asset AG: 2022 off to an excellent start - with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank

DGAP-News: DIC Asset AG / Key word(s): Real Estate
DIC Asset AG: 2022 off to an excellent start - with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank

19.01.2022 / 07:30
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset AG: 2022 off to an excellent start - with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank

  • Full occupancy achieved for IBC Campus
  • Creative restructuring of offices to suit the bank's "New Work" - concept
  • Investment in sustainable building operation

Frankfurt am Main, 19 January 2022. DIC Asset AG ("DIC"), ISIN: DE000A1X3XX4, one of Germany's leading listed property companies, started 2022 off with a successful large-scale letting transaction.

DIC renewed the bank's unexpired lease agreement for about 32,000 sqm at the IBC office scheme in Frankfurt early on while letting an additional unit of 7,700 sqm to the bank. The lease term for a total of 39,700 sqm of state-of-the-art office space in the office tower approximates ten years. What is so special about it: Deutsche Bank has requested an office structure fit for tomorrow's New Work format. DIC is therefore remodelling the third and fourth floors and the upper floors 26-29 according to an innovative "New Work" - concept.

"This letting transaction is not just of an exceptional scale for the office market of Frankfurt am Main, but is also a special sign pointing toward the office of the future. Deutsche Bank clearly commits itself to the physical office as workplace, redefining it as a location for creative interaction. What convinced the bank to move ahead was not just our offer of a highly attractive property but also - and this we appreciate even more - by our sensitivity for the bank's needs in regard to modern work formats and by our creative solutions for meeting these reeds," commented Sonja Wärntges, CEO of DIC.

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DGAP-News DIC Asset AG: 2022 off to an excellent start - with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank DGAP-News: DIC Asset AG / Key word(s): Real Estate DIC Asset AG: 2022 off to an excellent start - with around 40,000 sqm of office space in Frankfurt let to Deutsche Bank 19.01.2022 / 07:30 The issuer is solely responsible for the content of this …

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