EQS-News

DIC Asset AG completes lettings in Baden-Württemberg and Bavaria

EQS-News: DIC Asset AG / Key word(s): Real Estate DIC Asset AG completes lettings in Baden-Württemberg and Bavaria 09.08.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

 

DIC Asset AG completes lettings in Baden-Württemberg and Bavaria

 

• The lettings of a total of around 9,150 sqm include:
  • New lease signed for “Gate 9” multi-tenant office building in Leinfelden-Echterdingen near Stuttgart
  • Premature lease renewal at a retail property in Regensburg
  • Full occupancy of an office building in Heidelberg secured by signing two new lease agreements

 

Frankfurt am Main, 9 August 2023 DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, recently signed another four lease agreements for a combined retail and office space of around 9,150 sqm. The signings represent both new lettings and lease renewals for premises in properties held in the Commercial Portfolio and in the Institutional Business.

“We are achieving a consistently strong lettings performance through our teams and are strengthening our operational excellence. We are close to the market and close to our tenants. With our problem-solving competence to roll back vacancies we keep creating value. Our creative and dynamic performance in this challenging market environment makes us the partner of choice for our clients,” commended Christian Fritzsche, Chief Operations Officer at DIC.

 

Details on the various lettings

DIC’s lettings team in Munich prematurely renewed a long-term lease for around 5,900 sqm of retail area located at Donaustaufer Strasse 168 in Regensburg with tedox KG. The tenant, a retail company for DIY supplies and home fabrics, has occupied the property since early 2006.

Meanwhile, DIC’s lettings team in Mannheim concluded three lease agreements for a combined office area of around 3,300 sqm. For the “Gate 9” multi-tenant property in Leinfelden-Echterdingen (Stuttgart region), located at Fasanenweg 9, the lettings team managed to sign up Delta Controls Germany GmbH. The company, which produces smart solutions in building automation, will move into an office unit of 1,100 sqm on the fifth floor that includes a roof terrace. Aware of its value-add potential, DIC acquired the property in 2020 and thoroughly modernised it in the time since. It occupies a conveniently accessed location next to the A8 motorway and provides around 17,900 sqm of lettable area along with 300 car parking spots. Negotiations for further lease agreement are ongoing. Both assets are held in the Commercial Portfolio.