The DIC Group is one of the leading investors in the German market for commercial real estate

Press Release

DIC Asset AG: Strong operational business at year-end 2010

Frankfurt, 18.01.2011

• Letting volume increased to around 256,000 sqm in 2010
• Sales volume up significantly to EUR 132 million

DIC Asset AG (WKN 509840/ ISIN DE0005098404) now presents the first provisional operating results for the financial year 2010 after a successful fourth quarter. The figures for operations relate to the letting volume and the sales volume:

The letting volume of DIC Asset AG reached some 256,000 sqm in 2010; up about 4% compared to 2009 (245,500 sqm). Extensions to existing tenancy agreements saw a strong 12% increase to around 153,000 sqm (136,700 sqm), while new tenancies reached the level of 103,000 sqm (108,800 sqm). The annualised rental income from these new tenancies and extensions to existing tenancy agreements is some 9% higher year-on-year, at about EUR 27 million (2009: EUR 24.8 million). The relatively large leasing deals in 2010 include a print system manufacturer and service provider in Hanover, who leased or prolonged a total of more than 18,000 sqm, Schwab Versand (Frankfurt area) with new tenancies and extensions to existing tenancy agreements of 12,000 sqm, as well as BMW (Munich) with an extension to the tenancy agreement for 8,800 sqm.

The sales volume increased significantly in 2010 to EUR 132 million after 60 million last year 2009. In 2010, sales regained a substantial momentum towards year-end, with a transaction volume of EUR 62 million in the fourth quarter alone. The biggest transactions include two office and commercial properties in Flensburg (EUR 29 million) and Mannheim (EUR 17 million).

About DIC Asset AG
Established in 2002, DIC Asset AG, with registered office in Frankfurt am Main, is a real estate company with a dedicated investment focus on investing in commercial real estate in Germany, pursuing a return-oriented investment policy. Real estate assets under management amount to approximately EUR 3.2 billion. DIC Asset AG's real estate portfolio includes around two million sqm of floor space, spread over some 300 properties. The portfolio is divided into three segments: the Core plus portfolio includes the proprietary portfolio held on a long-term basis and offering stable, attractive rental yields; the Value-Added portfolio contains real estate with promising performance potential over the medium term; while the Opportunistic Co-Investments portfolio is comprised of real estate investments that have a more pronounced risk/return profile, which are placed with third parties following a repositioning under an individual business plan. DIC Asset AG has been listed on the SDAX index since June 2006.

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