Brief: DIC Asset Disposes Of 'Kaufhof Chemnitz' Asset

BRANICKS AG

04/01/2023 06:33

Jan 4 (Reuters) - DIC ASSET AG  DICn.DE :
    * DISPOSES OF “KAUFHOF CHEMNITZ” ASSET AND ACHIEVES ITS
TRANSACTION TARGETS FOR THE 2022 FINANCIAL YEAR
    * PROPERTIES WORTH C. EUR 400 MILLION DISPOSED FROM
PROPRIETARY
PORTFOLIO
    * PROPERTIES WORTH MORE THAN EUR 600 MILLION ACQUIRED FOR
INSTITUTIONAL BUSINESS
    * FURTHER LTV REDUCTION AND PORTFOLIO OPTIMISATION THROUGH
DISPOSALS
    * IT WAS AGREED NOT TO DISCLOSE EXACT AMOUNT

Source text for Eikon:  ID:nEQ85bJmVa 
Further company coverage:  DICn.DE 
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