EQS-News

DIC Asset AG completes lettings in Baden-Württemberg and Bavaria - Seite 2

In the case of the office building at Vangerowstrasse 18-20 in Heidelberg, which DIC manages for third parties, the lettings team signed a lease with a private company from the educational and healthcare sector for a unit of around 1,700 sqm before the expiry of the incumbent tenant’s lease. The lease term is 15 years. In addition, a new lease for a unit of 480 sqm was signed with an incumbent tenant on optimised conditions from which both sides stand to gain. The property, which has a total floor area of around 14,000 sqm, thus remains fully occupied for the long term.

 

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for office and logistics real estate with 25 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 currently manage a total of 358 assets with a combined market value of EUR 14.2 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 products that return attractive dividend yields.

For more details, go to www.dic-asset.de/en.

 

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 [phone]
[e-mail]

---

09.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.