DIC Asset : Dirk Hasselbring New CEO of Investment Fund Division of DIC Asset AG

Press Release

Dirk Hasselbring New CEO of Investment Fund Division of DIC Asset AG

(Frankfurt, 02.06.2017)

Frankfurt/Main, 02 June 2017. Dirk Hasselbring (48) was appointed as the next Chairman of the Management Board (CEO) of DIC Fund Balance GmbH, which is the operating investment fund management arm of DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4), as of 01 June 2017.

During a career of more than 20 years, Dirk Hasselbring has held a variety of senior positions with companies in the real estate and investment fund industry. For instance, he previously served as Member of the Board of Deutsche EuroShop AG and as Capital Transaction Executive of the Australia-based GPT Group, as Managing Director of the Cornerstone Group, and as Chairman of the Management Board of Hamburg Trust, a company he repositioned as a provider of institutional real estate funds. Under his leadership, the volume of real assets under management increased to EUR 1.3 billion.

'We are pleased to have won Dirk Hasselbring for the job, a demonstrable fund expert with long-term experience in the collaboration with institutional investors. This senior staff change is yet another step that underlines our ambitious plans for the investment fund sector,' said Aydin Karaduman, the CEO of DIC Asset AG.

About DIC Asset AG:
Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The Company's investment strategy is geared to the continued development of a high-quality, highly profitable, and regionally diversified portfolio. The company has around 200 real estate assets under management with an aggregate market value of EUR 3.6 billion. The real estate portfolio is structured in two segments: the 'Commercial Portfolio' (EUR 2.0 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The 'Co-Investments' segment (EUR 1.6 billion) comprises fund investments (pro-rata share of EUR 1.3 billion), joint-venture investments, and interests in development projects. In-house real estate management teams provide a direct service to tenants, working out of six different locations in each of the portfolio focus regions. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. DIC Asset AG has been included in the SDAX® segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.