DGAP-News: DIC Asset AG
/ Key word(s): Real Estate
DIC Asset AG acquires established office property Bonnanova for special fund
Frankfurt am Main, 27 September 2021. DIC Asset AG ("DIC"), ISIN: DE000A1X3XX4, one of Germany's leading listed property companies, just notarised the acquisition of the Bonnanova office property for its open-ended special fund GEG Public Infrastructure II. The transfer of possession, benefits and burdens is scheduled for the turn of the year.
The property, situated in a prime spot of the federal district in Bonn (Godesberger Allee
The total investment costs (TIC) approximate EUR 95.2 million. This brings the notarised acquisitions volume for both segments of DIC since the start of the year up to c. EUR 1 billion.
"With the Bonnanova asset, we acquired yet another high-end property for our investment fund GEG Public Infrastructure II, whose distinguishing feature is the long-term secured cash flow of a public tenant. The modernization currently underway also increases the attractiveness and value of the property. Our acquisitions since the start of the year now add up to more than EUR 1 billion, and thereby show that we are right on track to achieve our annual targets," commented Sonja Wärntges, CEO of DIC.
The Commercial Portfolio segment represents the proprietary real estate portfolio of DIC Asset AG. 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 vehicles that return attractive dividend yields.
DIC Asset AG has been SDAX-listed since June 2006.
IR/PR Contact DIC Asset AG:
27.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||DIC Asset AG|
|Neue Mainzer Straße 20|
|60311 Frankfurt am Main|
|Phone:||+49 69 9454858-1492|
|Fax:||+49 69 9454858-9399|
|ISIN:||DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9|
|WKN:||A1X3XX, A12T64, A2GSCV, A2NBZG|
|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:||1235901|
|End of News||DGAP News Service|