DGAP-News: DIC Asset AG / Key word(s): Real Estate DIC Asset AG acquires established office property Bonnanova for special fund 2021-09-27 / 07:30 The issuer is solely responsible for the content of this announcement.

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Press release

DIC Asset AG acquires established office property Bonnanova for special fund . Total investment costs (TIC) amount to EUR 95.2 million . Fully leased office building in Bonn's federal district with public-sector tenant . Long WALT of 9.5 years . DIC acquisition volume since start of the year now at around EUR 1 billion

Frankfurt am Main, 27 September 2021. DIC Asset AG ("DIC"), ISIN: DE000A1X3XX4, one of Germany's leading listed property companies, just notarised the acquisition of the Bonnanova office property for its open-ended special fund GEG Public Infrastructure II. The transfer of possession, benefits and burdens is scheduled for the turn of the year.

The property, situated in a prime spot of the federal district in Bonn (Godesberger Allee 83-91), is well established as an office location, and offers a lettable area of around 18,600 sqm with high alternative use potential. The property is let in its entirety to the public sector (via the BImA Institute for Federal Real Estate). The weighted average lease term (WALT) is around 9.5 years at the moment. Completed in 1992, the property is being extensively modernised for the tenant at the moment.

The total investment costs (TIC) approximate EUR 95.2 million. This brings the notarised acquisitions volume for both segments of DIC since the start of the year up to c. EUR 1 billion.

"With the Bonnanova asset, we acquired yet another high-end property for our investment fund GEG Public Infrastructure II, whose distinguishing feature is the long-term secured cash flow of a public tenant. The modernization currently underway also increases the attractiveness and value of the property. Our acquisitions since the start of the year now add up to more than EUR 1 billion, and thereby show that we are right on track to achieve our annual targets," commented Sonja Wärntges, CEO of DIC. 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

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2021-09-27 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:  1235901 
 
End of News   DGAP News Service 
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1235901 2021-09-27

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September 27, 2021 01:30 ET (05:30 GMT)