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Wednesday 10 March, 2021

DIC Asset AG

DIC Asset AG Signs Logistics Leases for over 16,000 sqm in Lehrte

DGAP-News: DIC Asset AG / Key word(s): Real Estate
DIC Asset AG Signs Logistics Leases for over 16,000 sqm in Lehrte

10.03.2021 / 07:30
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset AG Signs Logistics Leases for over 16,000 sqm in Lehrte

  • Full occupancy achieved for standing property in Hanover logistics region
  • Facility expansion with long-term renewal option for existing tenant WELLPACK Deutschland GmbH
  • New lease signed with logistics firm Barsan Global Logistik GmbH (BGL)

Frankfurt am Main, 10 March 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, closed two long-term lease agreements through its subsidiary, RLI Investors GmbH, involving more than 16,000 sqm in a logistics property in the town of Lehrte, which lies inside the Hanover logistics region. Built in 2017, the property is held in the portfolio of the open-ended real estate special AIF "RLI Logistics Fund - Germany I" which is administrated by the INTREAL third-party AIFM. It is certified under the Gold sustainability standard of the DGNB German Sustainable Building Council. With these signings in place, the state-of-the-art property, which is structured for long-term use, is now fully occupied.

"This letting deal shows how the competencies of DIC Asset AG and RLI Investors successfully complement each other. It is a case of two powerful players pooling their resources and demonstrating how to use imagination, speed and quality to structure the logistics real estate market. And - how to implement the sustainability aspect in exemplary ways. The tenants of this high-end property, which is fit for the future, can continue to concentrate on growing their business. And the investors benefit from reliable long-term revenues," said Katrin Poos, Managing Director at RLI Investors, as she summarised the letting deal in Lehrte.

The lease signings for the property on Gewerbestrasse 23 involve a floor area expansion with long-term renewal option by existing tenant WELLPACK Deutschland GmbH, which thereby enlarges its total floor area by 9,600 sqm, and a unit of 6,500 sqm let on a new lease to the logistics firm Barsan Global Logistik GmbH (BGL).

WELLPACK Chooses Lehrte Location for Long-Term Commitment

WELLPACK Deutschland GmbH, a provider of labour-intensive logistics services, has been renting a warehouse of around 10,500 sqm at the site in Lehrte since mid-year 2017. By signing the lease for another 9,600 sqm and the option for a long-term renewal, the existing tenant has now doubled the footprint of its Wellpack Service Center Depot to a total floor area of over 21,000 sqm. WELLPACK uses the two warehouses for storing and cleaning the reusable fruit and vegetable crates owned by a leading provider of reusable transport packaging for fresh produce.

Relocation Motivated by Strategically Advantageous Location

The other tenant is Barsan Global Logistik GmbH (BGL) - an integrated global logistics service provider. In conjunction with its growth strategy, BGL is relocating its Hanover branch to the nearby town of Lehrte. Here, the company has around 6,200 sqm of warehouse space and 370 sqm of office area at its disposal. The decisive argument in favour of signing the lease was the swift implementation and the state-of-the-art fit-out of the facility in its strategically advantageous location in Lehrte, which includes convenient transport links due to the immediate proximity of the A2 (east-west) and A7 (north-south) motorways.

The Realogis Germany estate agency, which specialises in logistics real estate, acted as adviser and broker for the rental transaction.

 

About DIC Asset AG:

DIC Asset AG is Germany's leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 225 assets with a combined market value of c. EUR 10.3 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate constant cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management and realising gains from sales.

In the Institutional Business segment (EUR 8.3 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
[email protected]



10.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1492
Fax: +49 69 9454858-9399
E-mail: [email protected]
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN: A1X3XX, A12T64, A2GSCV, A2NBZG
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1174428

 
End of News DGAP News Service

1174428 10.03.2021 

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