DIC ASSET AG

DIC
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PRESS RELEASE: DIC Asset AG successfully sold Riverpark development project in Frankfurt am Main

04/20/2021 | 01:34am
DGAP-News: DIC Asset AG / Key word(s): Real Estate 
DIC Asset AG successfully sold Riverpark development project in Frankfurt am Main 
2021-04-20 / 07:32 
The issuer is solely responsible for the content of this announcement. 
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Press Release 
DIC Asset AG successfully sold Riverpark development project in Frankfurt am Main 
Frankfurt am Main, 20 April 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property 
companies, today announces the disposal of Riverpark, a development project in direct riverside location in downtown 
Frankfurt (on Wiesenhüttenstrasse / Untermainkai), through its subsidiary GEG German Estate Group GmbH ("GEG") on 
behalf of an individual mandate. GEG already held the development asset in its portfolio at the time the company was 
taken over by DIC Asset AG in 2019. The transfer of possession, benefits and burdens is scheduled for the coming weeks. 
It was agreed not to disclose the selling price. 
The standing property on Wiesenhüttenstrasse was until now used for commercial purposes, most notably as offices. The 
previous occupier (Union Investment) has vacated the premises. 
"In conjunction with the continuous analysis of our portfolio and in line with the ongoing concentration on specific 
asset classes, we decided together with the institutional investor of this individual mandate, and after having looked 
into several strategic options, to dispose of the entire project, thereby achieving the best possible exit for the 
investor," commented Christian Bock, Chief Institutional Business Officer 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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2021-04-20 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:  1186308 
 
End of News   DGAP News Service 
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1186308 2021-04-20

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1186308&application_name=news 
 

(END) Dow Jones Newswires

April 20, 2021 01:33 ET (05:33 GMT)

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