EQS-News

DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator

EQS-News: DIC Asset AG / Key word(s): Real Estate DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator 31.07.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

 

DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator

 

• Lease with the well-known local restaurant operator signed for 20-year term
• Occupancy rate of the tripartite building cluster rising to 86%
• DIC lays the ground for revitalisation of a history-steeped meeting place

 

Frankfurt am Main, 31 July 2023. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, just signed a long-term lease agreement for about 1,450 sqm of gastronomy space following the completion of the comprehensive refurbishment works at the two-storey “Pressecafé” building. The incoming tenant is Alexander Freund, a restaurant operator well-known in Berlin as he operates another five culinary venues in the city. This means that the prestigious building cluster on Alexanderplatz (managed by DIC for third parties), consisting of the 17-storey “Pressehaus” high-rise, the “Pressecafé” and the “New Podium” building, is now occupied to 86%. It has a total floor area of about 36,000 sqm. DIC’s local lettings team in Berlin is already conducting talks with other tenant leads concerning the three office and retail units that remain available.

 

“The signing of this lease agreement means we cleared yet another milestone in the ongoing comprehensive refurbishment of the historic landmark building cluster at Berlin’s Alexanderplatz. We’re glad to have found a tenant in Alexander Freund who appreciates the history of the building as much as we do. Working in close consultation with the heritage conservation authority, we are engaged in a joint effort to reshape this prominent square, returning a historic and culinary meeting point in the very heart of Berlin to the local population,” said Robert Rosenzweig, the head of the Berlin branch of DIC Onsite GmbH, a subsidiary of DIC.