Deutsche Immobilien GROUP

Frankfurt am Main, December 4, 2020. DIC Asset AG , one of the leading German listed real estate companies, is launching the largest investment vehicle in the company's history in terms of volume with a new special AIF for a club of national institutional investors through its subsidiary GEG . The investment focus of the new fund is on core office properties with long-term leases and first-class tenants. The target volume of the special AIF is around 1.6 billion euros in the medium term. As the fund's investment manager, GEG generates transaction fees as well as ongoing asset and property management income. Some of these will take effect in 2020. With the notarizations for the newly launched fund, DIC Asset AG has achieved a cross-segment purchase volume of around EUR 1.2 billion in the current financial year and has already exceeded the most recently communicated annual target of EUR 700 to 1,100 million. Further transactions are planned for the end of the year.