Log in
E-mail
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
Delayed Quote. Delayed Xetra - 05/07 11:35:06 am
14.36 EUR   -0.35%
05/07DIC ASSET AG  : Oddo is now Neutral
MD
05/06DIC ASSET AG  : DZ Bank reiterates its Buy rating
MD
05/06DIC ASSET AG  : Berenberg reiterates its Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: DIC Asset AG Continues Year-End Rally on the Transaction Market - Three Acquisitions in a Total Amount of EUR 179 Million Signed on Behalf of Special Funds

12/18/2020 | 01:31am EDT
 
 DGAP-News: DIC Asset AG / Key word(s): Acquisition/Real Estate 
DIC Asset AG Continues Year-End Rally on the Transaction Market - Three 
Acquisitions in a Total Amount of EUR 179 Million Signed on Behalf of 
Special Funds 
 
2020-12-18 / 07:30 
The issuer is solely responsible for the content of this announcement. 
 
Press Release 
 
*DIC Asset AG Continues Year-End Rally on the Transaction Market - **Three 
Acquisitions in a Total Amount of EUR 179 Million Signed on Behalf of 
Special Funds* 
 
· *"Magazinhof" in Kassel bought for EUR 65 million (TIC)* 
 
· *"Wacker Hof" property in Düsseldorf for EUR 75 million (TIC) after 
repositioning by DIC* 
 
· *"Galilei" in Mannheim for EUR 39 million (TIC)* 
 
_Frankfurt am Main, 18 December 2020. _DIC Asset AG (ISIN: DE000A1X3XX4), 
one of Germany's leading listed property companies, has continued its 
proactive buying activities in December, once again demonstrating its 
transaction know-how on its proprietary nationwide real estate platform. 
Over the past few days, another three transactions were notarised on behalf 
of existing special funds managed by subsidiary GEG as part of the group's 
third-party business for institutional investors. The total investment costs 
(TIC) for these properties added up to c. EUR 179 million. 
 
"DIC Asset AG is known for its high degree of reliability, swiftness and 
creativity. These characteristics were once again in evidence during our 
2020 year-end rally and the brisk momentum that drives our planning of 
additional transactions before the end of the year. This way, we are laying 
the ground for the year 2021 early on, while the dynamic approach also 
brings us closer to our short-term goal of having EUR 10 billion in assets 
under management," commented Sonja Wärntges, the CEO of DIC Asset AG. 
 
*More Details on the Acquisitions* 
 
For an infrastructure real estate special fund, the "Magazinhof" asset at 
Leuschnerstr. 79 in Kassel was acquired, a city campus with 15,000 sqm 
lettable area in a conveniently accessible city location that is occupied by 
three blue-chip public-sector tenants on long-term leases, including the 
State Construction and Real Estate Agency of Hesse ("Landesbetrieb Bau und 
Immobilien Hessen"). The weighted average lease term (WALT) is around 15 
years. The TIC of the infrastructure property near the "Kassel-Wilhelmshöhe" 
high-speed railway station approximated EUR 65 million. 
 
For the same special funds, an infrastructure property in Düsseldorf was 
also acquired. It was only this year that DIC Asset AG conducted the 
repositioning of "Wacker Hof" at Erkrather Str. 377-389. With the 
modernisation work completed during the third quarter of 2020, and with the 
main tenant City of Düsseldorf having moved in, the property of around 
23,100 sqm of lettable area, formerly occupied by a single tenant, was 
successfully transformed for multiple tenant occupancy. The City as new 
anchor tenant rented a total of around 13,000 sqm for its recently created 
Office for Migration and Integration and for its Health Services Office. The 
weighted average lease term (WALT) is around 7 years. The TIC added up to 
EUR 75 million. 
 
The "Galilei" property at Reichskanzler-Müller-Str. 21, 23 and 25 in 
Mannheim was purchased for a manage-to-core special fund for EUR 39 million 
(TIC). DIC Asset AG was legally advised by LPA-GVV in Munich while the 
seller received legal advice from Clifford Chance in Frankfurt; technical 
consultancy was provided by CBRE-Preuss-Valteq. The multi-tenant property, 
which extends over 9,300 sqm of lettable area, is largely let to 
agrochemicals manufacturer EuroChem Agro and to the internationally active 
auditing firm Deloitte. 
 
*About DIC Asset AG:* 
 
With more than 20 years of experience on the German real estate market, the 
company maintains a regional footprint on all major German markets through 
six branch offices, and has 189 assets with a combined market value of c. 
EUR 8.7 billion under management (as of 30 September 2020). 
 
Taking an active asset management approach, DIC Asset AG employs its 
proprietary, integrated real estate management platform to raise capital 
appreciation potential company-wide and to boost its revenues. 
 
In its Commercial Portfolio division (EUR 2.1 billion in assets under 
management), DIC Asset AG acts as proprietor and property asset holder, and 
thus generates revenues both from the management of the assets and through 
the value optimisation of its own real estate portfolio. 
 
In its Institutional Business division (EUR 6.6 billion in assets under 
management), which operates under the name GEG German Estate Group, DIC 
Asset AG generates income by structuring and managing investment vehicles 
with attractive dividend yields for national and international institutional 
investors. 
 
DIC Asset AG has been SDAX-listed since June 2006. 
 
*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 
 
2020-12-18 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: 1156174 
 
End of News DGAP News Service 
 
1156174 2020-12-18 
 
 

(END) Dow Jones Newswires

December 18, 2020 01:30 ET (06:30 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DAX 1.34% 15399.65 Delayed Quote.12.25%
DIC ASSET AG -0.35% 14.36 Delayed Quote.6.69%
SDAX PERFORMANCE INDEX 9:00-20:00 1.01% 16032.53 Delayed Quote.8.59%
TRADEGATE AG WERTPAPIERHANDELSBANK 0.39% 129 Delayed Quote.93.99%
All news about DIC ASSET AG
05/07DIC ASSET AG  : Oddo is now Neutral
MD
05/06DIC ASSET AG  : DZ Bank reiterates its Buy rating
MD
05/06DIC ASSET AG  : Berenberg reiterates its Buy rating
MD
05/06DIC ASSET AG  : Receives a Buy rating from Warburg Research
MD
05/06DIC ASSET  : off to dynamic start into 2021
PU
05/06PRESS RELEASE  : DIC off to dynamic start into 2021 -2-
DJ
05/06PRESS RELEASE  : DIC off to dynamic start into 2021
DJ
05/06DIC ASSET  : off to dynamic start into 2021
EQ
04/27PRESS RELEASE  : DIC Asset AG buys Mercedes-Benz-Center in Cologne-West for its ..
DJ
04/27DIC ASSET  : buys Mercedes-Benz-Center in Cologne-West for its balance sheet por..
EQ
More news
Financials
Sales 2021 102 M 124 M 124 M
Net income 2021 73,7 M 89,6 M 89,6 M
Net Debt 2021 1 154 M 1 403 M 1 403 M
P/E ratio 2021 17,5x
Yield 2021 4,67%
Capitalization 1 157 M 1 406 M 1 407 M
EV / Sales 2021 22,8x
EV / Sales 2022 23,4x
Nbr of Employees 272
Free-Float 56,5%
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 18,56 €
Last Close Price 14,36 €
Spread / Highest target 53,2%
Spread / Average Target 29,3%
Spread / Lowest Target -2,51%
EPS Revisions
Managers and Directors
NameTitle
Sonja Wärntges 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
1st jan.Capitalization (M$)
DIC ASSET AG6.69%1 406
CA IMMOBILIEN ANLAGEN AG16.43%4 429
ENTRA ASA0.15%4 261
HYSAN DEVELOPMENT COMPANY LIMITED1.41%3 861
HUFVUDSTADEN AB (PUBL)-0.33%3 120
CROMWELL PROPERTY GROUP2.87%1 811