DGAP-News: DIC Asset AG / Key word(s): Acquisition/Real Estate
DIC Asset AG acquires logistics asset in Bremen for EUR 25 million - acquisition volume increases to more than EUR 1.6 billion
Frankfurt am Main, 22 December 2020. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, just had the sale and purchase agreement for an upscale new-build logistics property notarised. The transfer of possession, benefits and burdens is expected to take place in early 2021. The next acquisitions the company plans to make in the logistics asset class have already progressed to an advanced stage.
"With this step we are expanding our logistics investments and are glad that we successfully concluded the sale-and-purchase agreement for this high-end property. As planned, we expand our footprint in this strategically important asset class," commented Johannes von Mutius, Chief Investment Officer (CIO) of DIC Asset AG.
The property, which has a lettable area of around 8,500 sqm, is part of an attractive micro-environment in the "Airport-Stadt Nord" locality in Bremen, with many renowned companies in the vicinity. Its regional and inter-regional transport links are excellent. It is occupied by a subsidiary of the Airbus Group. The property comprises two distinct buildings, one being an office scheme, the other a hybrid-use building that includes a manufacturing warehouse, a section for research & development, workshop spaces plus additional office and social areas.
The total investment costs (TIC) equalled EUR 25 million. This brings the acquisition volume that DIC Asset AG notarised since the start of the year up to more than EUR 1.6 billion. Meanwhile, the sale-and-purchase agreements for another two properties were notarised that, together with the "Deka Office Hub" and the "Wilhelminenhaus" property in Darmstadt, form the seed portfolio of the biggest institutional fund in the company's history so far. One of the two new assets lies on Kleyerstrasse in the Gallus locality of Frankfurt am Main and is home to the municipal public order office, the other being the "Lincoln Offices II" project currently under construction in Wiesbaden. Both properties are occupied by public-sector tenants on long-term leases.
Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.
In its Commercial Portfolio division (EUR 2.1 billion in assets under management), DIC Asset AG acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio.
In its Institutional Business division (EUR 6.6 billion in assets under management), which operates under the name GEG German Estate Group, DIC Asset AG generates income by structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.
DIC Asset AG has been SDAX-listed since June 2006.
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22.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
DIC Asset AG
Neue Mainzer Straße 20
60311 Frankfurt am Main
+49 69 9454858-1492
+49 69 9454858-9399
DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
A1X3XX, A12T64, A2GSCV, A2NBZG
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
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