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- November 1, 2011: Vol. 5, Number 10

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DIC Asset Acquires Three Properties for €78 Million

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DIC Asset AG has acquired three fully let commercial properties in Germany for €78 million.

DIC Asset acquired the 10,000-square-metre Marktforum, a retail property located in Duisburg’s Rheinhausen district, for €16 million. EDEKA, dm, Deichmann and Takko are some of the tenants.

The second transaction involves two core office properties, with a total size of 40,000 square metres, for approximately €62 million in Karls-ruhe and Leipzig. The two office properties were acquired on behalf of the real estate Spezialfonds DIC Office Balance I, in which DIC Asset AG holds a 20 percent stake.

“With the two core properties in Karlsruhe and Leipzig, DIC Asset AG is continuing the strategic expansion of its fund business,” says Ulrich Höller, CEO of DIC Asset. “The Marktforum in Duisburg with its long-term tenancy agreements and a diverse user structure pl

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