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DIC Asset AG: “Uptown Tower” and “Campus C” meet Green Building standard

·3-min read

DGAP-News: DIC Asset AG / Key word(s): Real Estate/ESG
DIC Asset AG: “Uptown Tower” and “Campus C” meet Green Building standard
06.09.2022 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Press release

 

DIC Asset AG: “Uptown Tower” and “Campus C” meet Green Building standard

  • “Uptown Tower” and “Campus C” awarded “Very Good” BREEAM In-Use rating

  • Number of green buildings in Commercial Portfolio keeps growing

  • ESG strategy implemented as planned in both segments

 

Frankfurt am Main, 6 September 2022. A few days ago, DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, received green building certificates for the “Uptown Tower” and “Campus C,” two properties the company acquired in Munich last year. As expected, they achieved the “Very Good” BREEAM In-Use level offered by the international sustainability label. This brings the number of green buildings in the proprietary portfolio up to six. The “Uptown Tower” was placed with a group of institutional investors near the end of 2021.

“We don’t compromise in terms of sustainability. We develop our portfolio consistently along ESG lines and see ourselves as an innovative pacesetter for our industry in this context. We just developed another two properties that scored a ‘very good’ sustainability rating. These certificates demonstrate that we generate value for our stakeholders and for the benefit of the environment. When it comes to responsibility, you can rely on DIC,” commented Sonja Wärntges, CEO of DIC.

 

More details on the properties:

With its 37 storeys, the “Uptown Tower” is considered the highest building in Bavaria. Standing 146 metres tall, it is a signature feature of Munich’s skyline. The property, which occupies a highly attractive office location, is fully occupied by Telefónica Deutschland. The “Campus C” scheme in the immediate vicinity of the high-rise has a lettable area of 9,200 sqm and is used by DIC’s subsidiary DIC Onsite GmbH as regional office, among other tenants. In the owner-occupied sub-areas of the building, DIC implemented a modern New Work concept.

 

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 currently manage a total of 357 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.

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

 

 


06.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1435933


 

End of News

DGAP News Service

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