DIC Asset AG: Expansion of logistics investments in the Netherlands – Acquisition of property in the West Brabant region

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EQS-News: DIC Asset AG / Keyword(s): Acquisition/Real Estate

DIC Asset AG: Expansion of logistics investments in the Netherlands – Acquisition of property in the West Brabant region

17.10.2022 / 07:29 CET/EST
The issuer is solely responsible for the content of this announcement.

Press release

DIC Asset: Expansion of logistics investments in the Netherlands – Acquisition of property in the West Brabant region

  • Logistics building fully occupied by tenants with annual rent indexation and 15-year WALT acquired
  • The acquisition brings “RLI-GEG Logistics & Light Industrial III” to its target volume of approx. 400 million euros

Frankfurt am Main, October 17, 2022. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of the leading listed real estate companies in Germany, succeeded a few days ago in having the acquisition of a logistics asset in Oosterhout in the southern Netherlands, the building being intended for the separate asset pool of the institutional logistics fund “RLI-GEG Logistics & Light Industrial III”. The acquisition already brings the fund to its planned target volume of c. 400 million euros.

In addition to classic core/core-plus logistics real estate, the fund also invests in light industrial and urban logistics real estate. While focusing on Germany as the core market, the fund complements its portfolio with assets in the neighboring European markets of Benelux and Austria.

“As expected, we acquired another premium property in one of the strongest logistics locations in the Netherlands on behalf of our investors, as the logistics asset class is very important to us. time, we have taken advantage of our network in the Dutch investment market, demonstrating our reliability, competence and creativity as the leading management platform for commercial real estate,” commented Johannes von Mutius, CIO of DIC.

More property details:

The logistics building in Oosterhout, fully occupied by tenants for a remaining lease term of 15 years, has a total lettable area of ​​approximately 30,000 m² and excellent road, rail, river and air connections. The city of Oosterhout is located inside the Dutch logistics triangle of Breda / Tilburg / Waalwijk, making it an important location close to the port logistics of Rotterdam and Antwerp. The property is occupied on a long-term lease by logistics service provider De Graaf Logistics Group, an established family business that has been in the business for over a century. The services it offers include warehousing and warehousing as well as tailor-made one-off logistics solutions.

About DIC Asset SA:

DIC Asset AG is Germany’s leading publicly listed specialist in office and logistics real estate with more than 20 years of experience in the real estate market and access to a large network of investors. Our business is based on a regional and cross-regional real estate platform with nine field offices in all major German markets (including VIB Vermögen AG). We currently manage a total of 357 assets with a combined market value of €14.2 billion on site, always close to our properties and their occupants.

The commercial portfolio segment includes real estate held for our own account. Here, we generate stable cash flow from stable rental income on long-term leases while optimizing the value of our portfolio assets through active management and realizing gains on sales.

In the institutional business segment, we earn recurring commissions on the real estate services we provide to domestic and international institutional investors by structuring and managing investment products that generate attractive dividend yields.

DIC Asset AG has been listed on the SDAX since June 2006.

Contact IR/PR DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communication
Neue Mainzer Str. 20 • MainTor Primus

D-60311 Frankfurt am Main
T +49 69 9454858-1492
[email protected]

17.10.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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