DGAP-Adhoc 109 0 Kommentare DIC proprietary holdings grow to c. EUR 4.5 billion

DGAP-Ad-hoc: DIC Asset AG / Key word(s): Real Estate
DIC proprietary holdings grow to c. EUR 4.5 billion

25-May-2022 / 13:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Publication of inside information pursuant to article 17 of regulation (EU) no. 596/2014

DIC proprietary holdings grow to c. EUR 4.5 billion

Frankfurt am Main, 25 May 2022.

DIC Asset AG (“DIC”), ISIN: E000A1X3XX4, acknowledged today that VIB Vermögen AG (“VIB”), in which DIC holds a 60% majority interest, has announced a new market value of its real estate portfolio based on a provisional valuation. The market value of VIB’s real estate portfolio as measured by a renowned internationally active appraiser thereby increases to c. EUR 2.3 billion. With the full consolidation completed by 1 April 2022, this raises the value of DIC’s proprietary portfolio up to c. EUR 4.5 billion. DIC acquired the majority stake in VIB within the framework of a partial takeover bid as well as additional bilateral acquisitions over the past months. This has resulted in a weighted purchase price of EUR 51.08 per VIB share and a total consideration of c. EUR 850 million that is fully covered by VIB’s property values.

The Management Board of DIC

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for office and logistics 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 nine offices on the ground in all major German markets (with VIB Vermögen AG included). We manage a pro-forma total of 349 assets with a combined market value of EUR 13.8 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment comprises real estate held for our own account. 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
Head of Investor Relations & Corporate Communications
Neue Mainzer Str. 20 • MainTor Primus
D-60311 Frankfurt am Main
T +49 69 9454858-1492
ir@dic-asset.de

25-May-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	DIC Asset AG
	Neue Mainzer Straße 20
	60311 Frankfurt am Main
	Germany
Phone:	+49 69 9454858-1492
Fax:	+49 69 9454858-9399
E-mail:	ir@dic-asset.de
Internet:	www.dic-asset.de
ISIN:	DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN:	A1X3XX, A12T64, A2GSCV, A2NBZG
Indices:	S-DAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1361355