DIC Asset AG: Michael Tegeder new Head of Corporate Finance

DIC Asset AG: Michael Tegeder new Head of Corporate Finance
 

Frankfurt am Main, 1 June 2023. DIC Asset AG („DIC“), ISIN: DE000A1X3XX4, one of Germany’s leading listed real estate companie, has appointed Michael Tegeder as its new Head of Corporate Finance. He takes over the position from Rutger Kaeding, who is leaving the company at his own request to pursue a new challenge.

Mr. Tegeder has many years of industry experience in the real estate sector and is a financial expert. Before joining DIC he held senior positions at listed real estate companies with responsibility for corporate finance and investor relations, among them B&O Group, Patrizia AG and DAX-listed Vonovia SE.

“With Michael Tegeder, we have found an excellent addition to our capital markets team. As a proven industry expert, he will master the challenges in the current financing environment together with us,” says Sonja Wärntges, CEO of DIC, on the appointment.

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 357 assets with a combined market value of EUR 14.1 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.

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

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de