DIC ASSET AG

DIC
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PRESS RELEASE: DIC Asset AG Invests in Munich, a Highly Attractive Location - Two of the City's Most Outstanding Properties Acquired for c. EUR 635 Million: 'Uptown Tower' and 'Campus C'

06/07/2021 | 01:32am
DGAP-News: DIC Asset AG / Key word(s): Acquisition/Real Estate 
DIC Asset AG Invests in Munich, a Highly Attractive Location - Two of the City's Most Outstanding Properties Acquired 
for c. EUR 635 Million: 'Uptown Tower' and 'Campus C' 
2021-06-07 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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Press Release 
DIC Asset AG Invests in Munich, a Highly Attractive Location - Two of the City's Most Outstanding Properties Acquired 
for c. EUR 635 Million: "Uptown Tower" and "Campus C" 
  . Landmark property "Uptown Tower" acquired for warehousing portfolio 
  . "Campus C" enlarges proprietary portfolio by c. EUR 66 million 
  . Footprint expanded in Munich, a top destination 
  . Mid-year target achieved: Transaction volume rises to EUR 900 million 
  . Assets under management rise to c. EUR 11.4 billion 
  . ESG strategy: seeking green building certifications 
Frankfurt am Main, 7 June 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, 
announced the acquisition of two office properties in Munich via an off-market transaction today. 
With a height of 146 metres, the "Uptown Tower" is the tallest building in the state of Bavaria, and clearly defines 
the skyline of Munich as an attractive high-rise. The tower is the clearly visible centre of a coveted office location 
in the fast-growing metropolis of Munich, and characterised by impressive vistas. The second investment, the 
prestigious "Campus C" property is also defined by its exceptional visibility and high recognisability as well as by 
its value appreciation potential. 
The total investment costs (TIC) approximate EUR 635 million. With the acquisition, DIC Asset AG transacted its largest 
investment in the Bavarian state capital to date, and will benefit long-term from the economic development of the 
metropolis. Both properties are fully tenant-occupied. The transfer of benefits and burdens for both of the properties 
is scheduled for the end of the second quarter of 2021. 
"We acquired two of Munich's defining landmark properties. This acquisition demonstrates just how well we are networked 
in the market. Whenever trophy properties like these come onto the market, we stand every chance of success, creating 
value for our investors and for ourselves," said Sonja Wärntges, the CEO of DIC Asset AG. "Moreover, we now have an 
even stronger presence on Munich's market with these two properties. We are witnessing a continuous inflow of 
companies, and a steadily rising demand for modern and flexible office units. We are now in a position to provide 
these. And we could further enhance the appeal of the properties by upgrading them for their green building 
certification. Employing the dynamic performance we are known for, we create value-added for the city, the people in 
it, and for our business partners." 
Increasing the Assets under Management in Munich, one of the "Top 7" Cities 
Closing this transaction has pushed the portfolio share of properties under the management of DIC Asset AG in Munich, 
one of the "Top 7" cities, from around 7% to more than 11% by market value. The DIC office in Munich will provide 
optimal on-site management of the two properties. 
Munich is a highly attractive location. The growth drivers of Munich are most notably information and communication 
technology, the service sector, research and knowledge-intensive industries, and the cultural and creative industries. 
Munich is also Germany's leading insurance hub and its "DAX capital": Five of the companies listed in the DAX 30 index 
have their principal place of business in the greater Munich area, testifying to the attractiveness of the city. 
ESG: Consistently Raising the Green Building Share in the Managed Portfolio 
DIC Asset AG will seek speedy certification of the two properties as green buildings. With the expansion of the 
green-building share of the portfolio under management, DIC Asset AG is consistently implementing a key component of 
its future ESG strategy. Roughly EUR 2.1 billion, and thus a share of about 20% of the total assets under management, 
which currently amount to EUR 10.6 billion, are already certified at this time. Getting these acquisitions certified 
will bring the proportion up to about 25%. 
"Uptown Tower" Earmarked for Warehousing Portfolio 
Completed in 2004, the "Uptown Tower" is a 37-storey office building with an overall height of 146 metres and a 
lettable area of around 52,300 sqm. Since their structural alteration in 2018, the premises are characterised by 
open-plan flexible unit layouts with modern air conditioning. They are occupied in their entirety on a long-term lease 
by the national headquarters of Telefónica Germany, one of the country's three leading integrated network operators and 
communications infrastructure providers. 
Prior to its placement with institutional investors, the "Uptown Tower" will briefly become part of the warehousing 
portfolio of DIC Asset AG. It will be fully managed by the company's dedicated team on the ground, which will implement 
the measures necessary to obtain a green building certification, among other things. 
"Campus C": Attractive Rental Cash Flows and Capital Appreciation Potential for the Commercial Portfolio 
"Campus C," a fully occupied multi-tenant property, was acquired for c. EUR 66 million and will be held in the 
proprietary portfolio. Providing a gross lettable area of 9,200 sqm, it has value-add character and promises a steadily 
increasing value appreciation potential. Main tenants of the property are the US software company Adobe Systems and two 
public sector tenants. The annual rental income approximates EUR 2.4 million euros, while the secure remaining lease 
term (WALT) is 3.1 years. The property is defined by its high alternative use potential as it can be divided into units 
comprising parts of a floor or entire floors. The efficient layout permits various floor-plan solutions, from private 
offices to modern workplace concepts. 
 
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 231 assets 
with a combined market value of c. EUR 10.6 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 8.6 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. 
Contact for institutional investors at GEG German Estate Group: 
Christian Bock 
Chief Institutional Business Officer 
Neue Mainzer Str. 2-4 * MainTor Panorama 
D-60311 Frankfurt am Main 
T +49 69 274033-1220 
IR/PR Contact DIC Asset AG: 
Peer Schlinkmann 
Head of Investor Relations & Corporate Communications 
Neue Mainzer Str. 20 * MainTor Primus 
D-60311 Frankfurt am Main 
T +49 69 9454858-1492 
ir@dic-asset.de 
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2021-06-07 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 
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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:  1204674 
 
End of News   DGAP News Service 
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1204674 2021-06-07

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1204674&application_name=news 
 

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June 07, 2021 01:31 ET (05:31 GMT)

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