DGAP-News: DIC Asset AG: Continued Success in the Operative

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Sep 4, 2013 at 2:15 AM

DGAP-News: DIC Asset AG: Continued Success in the Operative Business

DGAP-News: DIC Asset AG / Key word(s): Real Estate DIC Asset AG: Continued Success in the Operative Business 04.09.2013 / 07:59 --------------------------------------------------------------------- Frankfurt, 4 September 2013 DIC Asset AG: Continued Success in the Operative Business - Major letting contract signed with Deutsche Bank AG for 5,300 sqm in Frankfurt - Sales target for 2013 achieved ahead of time with additional sales worth 10 million euros DIC Asset AG (WKN A1X3XX4 / ISIN DE000A1X3XX4) just reported another two successful dealings in its operative business in August 2013: On the one hand, a major letting contract over 5,300 sqm in Frankfurt was signed with Deutsche Bank AG while, on the other hand, three smaller properties were sold for approximately 10 million euros. Major Letting Contract Signed with Deutsche Bank The Frankfurt office of DIC Onsite just re-let the entire 5,300 sqm of office space in an office building in Frankfurt to Deutsche Bank AG after a few months of vacancy. DIC Asset AG holds a 20-percent interest in the property, which is one of the assets of the company's co-investment segment. The long-term letting contract already commenced with the start of September, and is based on the current market rent. The tenant was advised by Jones Lang LaSalle. Sales Target for 2013 Achieved Ahead of Time Meanwhile, the company achieved a total sales volume of 83 million euros by selling another three smaller properties from its investment property portfolio (Commercial Portfolio) for approximately 10 million euros, thereby passing the year-end target of 80 million euros well ahead of time. Sales prices exceeded the most recently appraised fair market values by an average of more than five percent. The company strives to sell a maximum of 100 million euros by the end of the year, via single small-scale sales. In total, the company has sold 10 properties year-to-date, of which 6 properties were taken out of the co-investment segment (with DIC Asset AG holding 20-percent stakes). Four properties were sold out of the Commercial Portfolio. As it is, DIC Asset AG should realise a minimum sales profit of approximately 3.5 million euros in the 2013 financial year. For more information on DIC Asset AG, please visit the Company's website www.dic-asset.de. About DIC Asset AG: Established in 2002, DIC Asset AG, with registered offices in Frankfurt/Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. Real estate assets under management currently amount to approx. EUR 3.3 billion, comprising around 260 properties. The Company's investment strategy is geared to the continued development of a high-quality, highly profitable and regionally diversified portfolio. The real estate portfolio is structured in two segments: the Commercial Portfolio (EUR 1.8 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The Co-Investments segment (pro-rata share of EUR 0.3 billion) comprises fund investments, joint-venture investments, and interests in development projects. DIC Asset AG provides a direct service to tenants through its own real estate management teams in six branch offices located at the regional hubs within the portfolio. This provides DIC Asset AG with an edge in terms of market presence and expertise, and builds the foundation for maintaining and increasing income and the value of its real estate assets. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. Press Contact Thomas Pfaff Kommunikation HÃ¶chlstraÃ?e 2 D-81675 Munich phone +49-89-992496-50 fax +49-89-992496-52 mobile +49-172-8312923 kontakt@pfaff-kommunikation.de Investor Relations & Corporate Communications Immo von Homeyer DIC Asset AG Eschersheimer LandstraÃ?e 223 60320 Frankfurt am Main phone +49-69-274033-86 fax +49-69-9454858-99 i.vonhomeyer@dic-asset.de End of Corporate News --------------------------------------------------------------------- 04.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: DIC Asset AG Eschersheimer Landstr. 223 60320 Frankfurt Germany Phone: +49 69 9454858-86 Fax: +49 69 9454858-99 E-mail: ir@dic-asset.de Internet: www.dic-asset.de ISIN: DE000A1X3XX4, DE000A1KQ1N3, DE000A1TNJ22 WKN: A1X3XX, A1KQ1N, A1TNJ2 Indices: S-DAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, Hannover, MÃ¼nchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 228908 04.09.2013

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

PrideStaff: 8 Years Strong on Franchise Times Top 400

Where PrideStaff Stands in the Franchise Landscape Here's something the staffing world can't ignore: PrideStaff nailed it again, landing among the giants on the Franchise Times Top 400 for the eighth straight year. Sitting at number 217, this ain't just a lucky streak—this is a sustained homerun, my friends. Consistency Is Key, And They're Holding It Consider this...

CME Group Unveils First Baseball Futures Market

A New Pitch in the Financial Ballpark Alright, listen up: CME Group is stepping up to the plate with a game-changer. They’re rolling out the world’s first baseball futures, launching October 12, assuming regulators give the green light. Now, this isn’t just some novelty act; it’s based on the solid groundwork of their FutureSports Performance Indexes (CME FSPI),...

Protecting Your Family on Halloween: Safety Tips

Avoid Turning Halloween Fun Into a Medical Emergency Halloween should be about ghosts and ghouls, not a dreaded detour to the ER. Yet, every year, adults and kids get carried away with costumes, only to find themselves in a real-life horror show courtesy of a slip, a fall, or a carving mishap. The American Academy of Orthopaedic Surgeons (AAOS) is waving the safety flag,...

Mexico's Beaches Shine in 2026 Best America Rankings

Mexican Shores Turning Heads in 2026 This isn’t just another wave in tourism news; it’s a tidal shift towards Mexico’s sizzling beaches claiming some prime spots on the global travel stage. If you’ve got an eye for tourism dynamics, listen up because Mexico’s sun-soaked shores just snagged six spots among the top 20 beaches in the Americas, according to the...

Lupin Secures FDA Nod for Key Injectable Drug

Lupin's FDA Approval: A Strategic Play in Pharmaceuticals Ah, the thrill of a new approval! Lupin Limited has landed U.S. FDA approval for their Phytonadione Injectable Emulsion, marking a significant stride into the lucrative realm of vitamin K treatments. This approval isn't just a feather in Lupin's cap—it's a calculated move to corner a piece of the estimated $52.3...

Raken Debuts Change Orders: A Game-Changer for Builds

Construction Gets a Streamlined Boost with Raken's New Tool In construction, chaos often partners seamlessly with progress. But Raken is stepping in to shake things up a bit. This isn’t just another run-of-the-mill software update; this is Raken flexing its muscles in the construction tech arena. They’ve rolled out Change Orders, enhancing their project management...

Ardelyx Securities Fraud Suit: Key Investor Moves

Fraud Allegations: Ardelyx Under the Microscope Looks like Ardelyx has found itself neck-deep in trouble, facing a class action lawsuit over alleged securities fraud. This isn't just a storm in a teacup. We're talking about accusations of false and misleading statements tied to their commercial performance—statements that might have left investors holding the bag with...

Full Sail University Bags Billboard Music School Honor

Full Sail Scores a Billboard Nod — What's the Big Deal? Alright, Full Sail University just snagged a spot on Billboard Magazine's 2026 Top Music Business Schools list. That's no small fry, folks. This Florida institution has been carving out a niche in the music business education scene with a hands-on learning approach that hits the nail right on the head. The Recipe...

Teamsters Secure Landmark Deal for SF Parking Workers

Major Win for San Francisco's Parking Professionals Parking lots and garages across San Francisco might not be the first places you’d look for labor triumphs, but that’s exactly what almost 1,000 members of Teamsters Local 665 have achieved. Under a newly ratified four-year master contract, these parking pros snagged one of the richest deals the industry has seen. A...

Rutter Mills Secures $13M in Virginia Injury Cases

The Stakes in Virginia When you drop nine successful injury cases on the scales and they tip over $13 million, that's a story worth dissecting. The two top dogs at Rutter Mills certainly know how to make a splash in the legal puddle, don't they? We're talking about attorneys Adam H. Lotkin and Georgina D. Montgomery here, the legal eagles behind these jaw-dropping...