DGAP-News: DIC Asset AG acquires Refurbishment under Cashflow in Stuttgart region
Retrieved on:
Tuesday, September 15, 2020
DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, signed the notarial contract for the "Gate 9" multi-tenant office building in Leinfelden-Echterdingen (Stuttgart region) in late July of this year.
Key Points:
- DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, signed the notarial contract for the "Gate 9" multi-tenant office building in Leinfelden-Echterdingen (Stuttgart region) in late July of this year.
- The property was sold by Objekt Fasanenweg Leinfelden GmbH & Co. KG, a project company of thallos AG based in Tbingen and Stuttgart.
- Given the persistently strong demand on the German investment market, DIC Asset AG expects to keep seeing a high level of transaction activity in Stuttgart and elsewhere.
- Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.