Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. DIC Asset AG
  6. News
  7. Summary
    DIC   DE000A1X3XX4

DIC ASSET AG

(DIC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

DIC Asset Reports Further New Lettings: 6,200 sqm of Office and Logistics Space Let at 'Stadttor' in Heidelberg and at 'Red Square' near Frankfurt/Main

09/03/2021 | 01:31am EDT

DGAP-News: DIC Asset AG / Key word(s): Real Estate
DIC Asset Reports Further New Lettings: 6,200 sqm of Office and Logistics Space Let at 'Stadttor' in Heidelberg and at 'Red Square' near Frankfurt/Main

03.09.2021 / 07:30
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset Reports Further New Lettings: 6,200 sqm of Office and Logistics Space Let at "Stadttor" in Heidelberg and at "Red Square" near Frankfurt/Main

  • Full occupancy achieved for "Red Square" property near Frankfurt Airport: new lease of over five years signed for around 1,500 sqm with one of the biggest international logistics service providers
  • Lease renewal and expansion at "Stadttor" in Heidelberg: a total floor area of 4,700 sqm let to one of the world's leading logistics service providers for another nine years

Frankfurt am Main, 3 September 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, announced the successful conclusion of two new leases agreements for a combined floor area of 6,200 sqm today. The let units are located in logistics and office properties that are part of the portfolio.

"We significantly expanded our portfolio and our competencies in the logistics sector, and are therefore in a position to offer convincing facilities, ideas and solutions to this fast-growing industry. We are also aware that the entire market is gathering momentum. With our portfolio in logistics, office and retail units, and with our local teams on the ground, we are superbly positioned to create sustainable value-added for our tenants, clients and shareholders," commented Sonja Wärntges, the CEO of DIC Asset AG.

For its proprietary portfolio (Commercial Portfolio), DIC successfully negotiated a new lease involving a logistics unit at the Red Square property in Neu-Isenburg close to Frankfurt Airport. The lease was signed with an internationally active logistics service provider for a five-year term. The property has a total floor area of around 11,400 sqm. With this lease in place, the occupancy rate rose from 85% to 100%.

At Stadttor in Heidelberg, a property owned by the managed fund "DIC Office Balance I," DIC prematurely renewed and expanded a major lease agreement. Here, the existing tenant, one of the world's leading providers of technical consulting and planning services for production, logistics, architecture and IT, added 500 sqm of office space to its existing lease while renewing its term by roughly another 9 years, starting in April 2023. The property has a total floor area of around 11,200 sqm and is fully occupied now.

What convinced tenants was, inter alia, that the DIC team met their requirements and needs quickly and creatively, and offered reliable solutions. DIC Asset AG is well-positioned to keep growing during the second half-year, which is traditionally the busier one in the real estate industry.

 

About DIC Asset AG:

DIC Asset AG is Germany's leading listed specialist for commercial 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 eight offices on the ground in all major German markets. We manage 234 assets with a combined market value of c. EUR 11.3 billion on site, always close to our properties and their occupiers.

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:
Peer Schlinkmann
Leiter Investor Relations & Corporate Communications
Neue Mainzer Str. 20 * MainTor Primus
D-60311 Frankfurt am Main
T +49 69 9454858-1492
ir@dic-asset.de



03.09.2021 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: 1231001

 
End of News DGAP News Service

1231001  03.09.2021 

fncls.ssp?fn=show_t_gif&application_id=1231001&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about DIC ASSET AG
10/27PRESS RELEASE : HSBC Continental Europe: Post Stabilisation Notice
DJ
10/20DIC ASSET AG : Preliminary announcement of the publication of quarterly reports and quarte..
EQ
10/20DIC ASSET AG : Preliminary announcement of the publication of quarterly reports and quarte..
DJ
10/19DIC ASSET AG : Warburg Research gives a Buy rating
MD
10/15DIC ASSET : sells properties in Bochum for c. EUR 73 Million
EQ
10/15PRESS RELEASE : DIC Asset AG sells properties in Bochum for c. EUR 73 Million
DJ
10/15An unknown buyer acquired Three Properties in Bochum, Germany from DIC Asset AG for EUR..
CI
10/05DIC ASSET : Acquires Logistics Properties in Germany
MT
10/05DIC ASSET : Enlarges its Logistics Portfolio and Plans Further Green Building Certificatio..
EQ
10/05PRESS RELEASE : DIC Asset AG Enlarges its Logistics Portfolio and Plans Further Green Buil..
DJ
More news
Analyst Recommendations on DIC ASSET AG
More recommendations
Financials
Sales 2021 101 M 118 M 118 M
Net income 2021 78,2 M 90,8 M 90,8 M
Net Debt 2021 1 228 M 1 425 M 1 425 M
P/E ratio 2021 16,9x
Yield 2021 4,65%
Capitalization 1 270 M 1 471 M 1 473 M
EV / Sales 2021 24,7x
EV / Sales 2022 24,1x
Nbr of Employees 286
Free-Float 56,0%
Chart DIC ASSET AG
Duration : Period :
DIC Asset AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DIC ASSET AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 15,51 €
Average target price 19,46 €
Spread / Average Target 25,4%
EPS Revisions
Managers and Directors
Sonja Wńrntges Chief Executive Officer
Gerhard Schmidt Chairman-Supervisory Board
Johannes von Mutius Chief Investment Officer
Ulrich Reuter Member-Supervisory Board
Eberhard Vetter Member-Supervisory Board
Sector and Competitors