DGAP-News: DIC Asset AG / Key word(s): Real Estate/Disposal 
DIC Asset AG Successfully Sells 'Villa Kennedy' Hotel Asset in Frankfurt 
2021-03-08 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Press Release 
DIC Asset AG Successfully Sells "Villa Kennedy" Hotel Asset in Frankfurt 
  . Disposal after six-year holding period for an individual mandate in the company's third-party business 
  . Hotel share in the Institutional Business significantly reduced thereby 
Frankfurt am Main, 8 March 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, 
just sold the "Villa Kennedy" luxury hotel on Kennedyallee in Frankfurt to CONREN Land, a real estate investor. The 
property had been managed by the company's operating subsidiary, GEG German Estate Group GmbH, within the framework of 
an individual mandate in the third-party business for institutional investors ("Institutional Business"). The selling 
price for the high-end landmark property is in the upper double-digit millions. 
DIC Asset AG succeeded in completing the disposal as planned, and thus accomplished a profitable exit for its 
institutional client after a holding period of around six years. The hotel share of the Institutional Business, which 
had already been on a very low level, was further significantly reduced by the successful disposal. In the context of 
its growth strategy, DIC Asset AG will sharpen its focus on the sought-after asset classes office and logistics. 
"Within a dynamic market environment, we have properties in all stages of their investment cycle in our care. Our 360° 
approach includes the realisation of attractive profits from disposals within the framework of our institutional client 
mandates," commented Sonja Wärntges, CEO of DIC Asset AG. 
Originally built in 1901 and massively expanded in 2006, "Villa Kennedy" has a gross lettable area of nearly 20,000 sqm 
plus 126 underground parking spots. The five-star hotel, which is operated by luxury hotel group Rocco Forte, occupies 
around 19,250 sqm. The premises also include 610 sqm of office space and 110 sqm of storage areas. The section of the 
building cluster that houses the hotel reception, among other rooms, is Villa Speyer, a listed mansion named after 
banker Eduard Beit von Speyer for whom it was built. 
 
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 225 assets 
with a combined market value of c. EUR 10.3 billion on site, always close to our properties and their occupiers. 
The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate 
portfolio of DIC Asset AG. Here, we generate constant 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 (EUR 8.3 billion in assets under management), 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 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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-03-08 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:  1173687 
 
End of News   DGAP News Service 
=------------

1173687 2021-03-08

(END) Dow Jones Newswires

March 08, 2021 01:32 ET (06:32 GMT)