DGAP-News: DIC Asset AG Invests in Munich, a Highly Attractive Location - Two of the City's Most Outstanding Properties Acquired for c. EUR 635 Million: 'Uptown Tower' and 'Campus C'
DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, announced the acquisition of two office properties in Munich via an off-market transaction today.
- DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, announced the acquisition of two office properties in Munich via an off-market transaction today.
- With the acquisition, DIC Asset AG transacted its largest investment in the Bavarian state capital to date, and will benefit long-term from the economic development of the metropolis.
- The transfer of benefits and burdens for both of the properties is scheduled for the end of the second quarter of 2021.
- The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG.