DGAP-News: DIC Asset AG / Key word(s): Acquisition 
DIC Asset AG buys Mercedes-Benz-Center in Cologne-West for its balance sheet portfolio 
2021-04-27 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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Press Release 
DIC Asset AG buys Mercedes-Benz-Center in Cologne-West for its balance sheet portfolio 
  . Acquisition of high-end flagship property for c. EUR 71 million in total investment costs (TIC) 
  . Gross rental yield of more than 7% 
  . Interesting and dynamic submarket in western Cologne with high potential for further development 
Frankfurt am Main, 27 April 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property 
companies, acquired the Mercedes-Benz-Center at Mercedes-Allee 1 in Cologne-West for its balance sheet portfolio. The 
benefits and burdens of the property have been transferred. The total investment costs (TIC) for the property, which 
meets high-end architectural and quality standards, approximate EUR 71 million. 
The flagship property, located in the technology park in Cologne's Müngersdorf district, is fully occupied by the 
blue-chip company Daimler AG. The latter uses the strategically important location as a prestigious show room for its 
product line-up while also providing a full range of services for the entire Rhineland region from here. 
The hybrid-use building of four above-ground and two basement levels was constructed for Daimler AG in 2006. It 
features state-of-the-art exhibition space, office units, conference rooms and gastronomy units as well as workshops. 
In addition, it provides over 400 parking spots. The lease will expire at the end of 2025 (in 4.7 years) and has two 
renewal options of 5 years each. The gross rental yield relative to the purchase price before expenses exceeds 7%. 
The building cluster with c. 34,600 sqm is conveniently accessible. The S-Bahn station of the technology park and the 
proximity of the "Köln-West" motorway interchange (A1/A4) put downtown Cologne within easy reach. The submarket between 
Cologne's districts of Ehrenfeld and Braunsfeld has established itself as a technology and automotive business cluster 
and shows considerable development potential. In fact, a variety of property developments are under way in the 
immediate vicinity. Moreover, the City of Cologne is looking into ways to turn this district into a living and working 
area fit for the future, and will create a new urban development plan for it in the years ahead. 
"The acquisition of the Mercedes-Benz-Center represents yet another milestone deal for us. This acquisition for our 
balance sheet portfolio immediately starts to generate attractive cash flows and positions us within a dynamic 
environment in western Cologne where we will shape the further development of this area in the years to come, together 
with the most important local players," commented Sonja Wärntges, CEO of DIC Asset AG. 
 
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 
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2021-04-27 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:  1188324 
 
End of News   DGAP News Service 
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1188324 2021-04-27


 
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April 27, 2021 01:31 ET (05:31 GMT)