PRESS RELEASE: DIC Asset AG efficiently sells the Villa Kennedy resort asset in Frankfurt

DGAP-Information: DIC Asset AG / Key phrase(s): Actual Property/Disposal DIC Asset AG Efficiently Sells 'Villa Kennedy' Resort Asset in Frankfurt 2021-03-08 / 07:30 The issuer is solely liable for the content material of this announcement. =---------------------------------------------------------------------------------------------------------------------- Press Launch DIC Asset AG Efficiently Sells "Villa Kennedy" Resort Asset in Frankfurt . Disposal after six-year holding interval for a person mandate within the firm's third-party enterprise . Resort share within the Institutional Enterprise considerably lowered thereby Frankfurt am Important, 8 March 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one in every of Germany's main listed property corporations, simply offered the "Villa Kennedy" luxurious resort on Kennedyallee in Frankfurt to CONREN Land, an actual property investor. The property had been managed by the corporate's working subsidiary, GEG German Property Group GmbH, inside the framework of a person mandate within the third-party enterprise for institutional traders ("Institutional Enterprise"). The promoting worth for the high-end landmark property is within the higher double-digit hundreds of thousands. DIC Asset AG succeeded in finishing the disposal as deliberate, and thus achieved a worthwhile exit for its institutional consumer after a holding interval of round six years. The resort share of the Institutional Enterprise, which had already been on a really low stage, was additional considerably lowered by the profitable disposal. Within the context of its progress technique, DIC Asset AG will sharpen its concentrate on the sought-after asset courses workplace and logistics. "Inside a dynamic market setting, we now have properties in all phases of their funding cycle in our care. Our 360° strategy consists of the realisation of enticing income from disposals inside the framework of our institutional consumer mandates," commented Sonja Wärntges, CEO of DIC Asset AG. Initially inbuilt 1901 and massively expanded in 2006, "Villa Kennedy" has a gross lettable space of almost 20,000 sqm plus 126 underground parking spots. The five-star resort, which is operated by luxurious resort group Rocco Forte, occupies round 19,250 sqm. The premises additionally embody 610 sqm of workplace house and 110 sqm of storage areas. The part of the constructing cluster that homes the resort reception, amongst different rooms, is Villa Speyer, a listed mansion named after banker Eduard Beit von Speyer for whom it was constructed. About DIC Asset AG: DIC Asset AG is Germany's main listed specialist for industrial actual property with greater than 20 years of expertise on the actual property market and entry to a broad-based community of traders. Our enterprise relies on a regional and inter-regional actual property platform with eight places of work on the bottom in all main German markets. We handle 225 property with a mixed market worth of c. EUR 10.3 billion on web site, at all times near our properties and their occupiers. The Industrial Portfolio phase (EUR 2.0 billion in property beneath administration) represents the proprietary actual property portfolio of DIC Asset AG. Right here, we generate fixed money flows from secure lease revenues on long-term leases whereas additionally optimising the worth of our portfolio property by means of lively administration and realising positive factors from gross sales. Within the Institutional Enterprise phase (EUR 8.3 billion in property beneath administration), we earn recurrent charges from actual property providers we offer to nationwide and worldwide institutional traders by structuring and managing funding autos that return enticing dividend yields. DIC Asset AG has been SDAX-listed since June 2006. IR Contact DIC Asset AG: Peer Schlinkmann Head of Investor Relations & Company Communications Neue Mainzer Strasse 20 D-60311 Frankfurt am Important Cellphone +49 69 9454858-1492 [email protected] =---------------------------------------------------------------------------------------------------------------------- 2021-03-08 Dissemination of a Company Information, transmitted by DGAP - a service of EQS Group AG. The issuer is solely liable for the content material of this announcement. The DGAP Distribution Companies embody Regulatory Bulletins, Monetary/Company Information and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Firm: DIC Asset AG Neue Mainzer Straße 20 60311 Frankfurt am Important Germany Cellphone: +49 69 9454858-1492 Fax: +49 69 9454858-9399 E-mail: [email protected] Web: www.dic-asset.de ISIN: DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9 WKN: A1X3XX, A12T64, A2GSCV, A2NBZG Indices: S-DAX Listed: Regulated Market in Frankfurt (Prime Commonplace); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Alternate; Luxembourg Inventory Alternate EQS Information ID: 1173687 Finish of Information DGAP Information Service =------------
1173687 03/08/2021
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March 8, 2021 01:32 ET (06:32 GMT)