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

Press Release

MainTor: DIC Lets “Patio” Apartments

Frankfurt, 14.11.2014

• Another 5,200 sqm of residential floor area in Frankfurt's most central residential quarter

On 15 November 2014, DIC will start letting the flats at “MainTor Patio,” (at Seckbächer Gasse 5 in Frankfurt), one of two residential development projects at the new “MainTor Quarter,” the other one being “MainTor Palazzi.” Construction started in April 2013, and the 92 apartments will be ready for occupation by mid-2015. Even at this point, though, interested parties may view fully furnished one- and two-bedroom show flats. The building itself was sold to the Ärzteversorgung Westfalen-Lippe pension fund via an institutional fund of Patrizia WohnInvest in 2012.

Spread across seven floors and characterised by smart floor plans, the flats have one to four bedrooms, and are 26 to 118 sqm in size. Rent rates range from 15 to 23 euros per square metre. The building is located directly next to the block's central plaza, and combines high-end residential accommodation with a highly expressive architectural design and a superior fit-out standard.

Kai M. Dreesbeimdiek, the Managing Director at DIC in charge of the project: “The interest shown in the rental flats is already more or less on a level with the interest in the virtually sold out condominiums in the Palazzi buildings. The realisation of the MainTor Quarter continues to progress as planned.”

The real estate consultancy firm "NAI apollo living" was contracted to handle the marketing of the Patio apartments, which are let without charging an estate agent's fee.

About „MainTor Patio“
“MainTor Patio,” an eight-storey block of flats, epitomises the new way of living in the city: Located downtown and right next to the Main River but well away from major traffic arteries, the Patio tower overlooks the plaza of the MainTor Quarter, the tranquil and yet vibrant heart of the estate. Patio comprises around 6,000 sqm of lettable area and 131 spaces in the underground car park. The 92 premium apartments account for around 5,200 sqm of floor area, supplemented by around 800 sqm of commercial floor area. The building's clever floor plans combine privacy with options for communal interaction among its residents. Each apartment comes with a high-end fit-out, and features either a balcony, patio or loggia. The K4 Personal Training & Coaching GmbH gym and a restaurant in a separate section on the ground floor of the building are complemented by expanded shopping and leisure options right in the MainTor estate or within walking distance to cover the entire spectrum of non-discretionary needs. Planned by the architectural firm of KSP Jürgen Engel Architekten, the building's design meets the German KfW 70 sustainability standard.

More details will be posted on www.maintor-patio.de on 15 November 2014.

About MainTor – the Riverside Financial District

The MainTor Quarter project of Deutsche Immobilien Chancen Group is nothing less than a complete redevelopment of the area extending from Untermainkai to Weissfrauenstrasse. In the process of redeveloping the formerly enclosed brownfield compound of Degussa, the area is being restored to public use, with historic access ways from the inner city to the Main riverbank revitalised and firmly integrated into the lanes and streets of the surrounding city quarter. The construction is realised in several spatially and temporally distinct building projects, thereby ensuring the necessary flexibility to accommodate the specific requirements of each user and investor group. Architectonically speaking, the MainTor Quarter will upgrade this bank of the Main, which faces Frankfurt's CBD, into a riverside financial district and thereby complete it in urban development terms. The successive construction stages will be realised incrementally in sync with the upcoming lettings and sales. The entire MainTor Quarter is scheduled to be operational by 2016.


Chronology – The Key Miles Stones and Marketing Steps:

• 2005: DIC acquires the former Degussa compound
• 2007: Master plan for the MainTor Quarter (by the architectural firm KSP Jürgen Engel Architekten)
• December 2009: Architectural competition for the design of the central high-rises WINX (Jürgen Engel) and Panorama (Prof. Christoph Mäckler)
• 2010: Effective local development plan is finalised
• January 2011: EVONIK (formerly Degussa) moves out
• June - October 2011: Anniversary show of the MMK Museum of Modern Art in Frankfurt draws more than 100,000 visitors
• June 2011: “MainTor Primus” building complex sold to Professor Carlo Giersch.
• August 2011: Demolition work started
• January 2012: Major letting contract over 14,000 sqm at “MainTor Porta” is signed with Union Investment
• July 2012: “MainTor Panorama” and “MainTor Patio” sold to the Ärzteversorgung Westfalen-Lippe pension fund for approx. 150 million euros (in a forward deal)
• 29 August 2012: Foundation stone laid for “MainTor Porta”
• December 2012: Marketing kicked off for the condominiums at “MainTor Palazzi”
• January 2013
  • Major letting contract for 9,000 sqm at “MainTor Panorama” signed with CMS Hasche Sigle
  • Major letting contract for 8,000 sqm at “MainTor Porta” signed with Union Investment
• December 2013: “MainTor Porta” sold to a fund managed by Union Investment Real Estate for approx. 155 million euros
• January 2014: Marketing for the “WINX Tower” including portal building kicked off
• April 2014: DIC relocated its headquarters into the "MainTor Primus" complex
• November 2014: Marketing for rental flats at “MainTor Patio” launched

For more details about the MainTor project, please go to www.maintor-frankfurt.de und www.maintor-living.de

About DIC
DIC (Deutsche Immobilien Chancen), a company active throughout Germany and based in Frankfurt, was founded in 1998 and, with its investment philosophy and its focus on the German market, is one of the most prominent and successful firms in Germany specialising in commercial real estate transactions. Its business activities include portfolio and asset management, which are handled by its SDAX-listed company, DIC Asset AG, as well as project developments and joint venture investments. It currently holds approximately 33 per cent of DIC Asset AG. The real estate investments managed by the DIC Group currently amount to approximately EUR 3.8 billion. Its shareholders are investment companies, several insurance companies, international investors and family offices.

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