DGAP-News: DIC Asset AG: Vibrant Mix of Use Types Turns 'Bochumer Fenster' into an attractive Inner City Property
(firmenpresse) - DGAP-News: DIC Asset AG / Key word(s): Real Estate
DIC Asset AG: Vibrant Mix of Use Types Turns 'Bochumer Fenster' into
an attractive Inner City Property
30.07.2013 / 09:29
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Bochum, 30 July 2013
DIC Asset AG: Vibrant Mix of Use Types Turns 'Bochumer Fenster' into an
attractive Inner City Property
- Relaunch of former 'Stadtbadgalerie' asset introduces a vibrant mix of
use types including retail, gastronomy, office and higher education
- Long-term lease over 6,700 sqm signed with Ruhr University of Bochum
- 'Bochumer Fenster' nears full occupancy
DIC Asset AG successfully completed the repositioning of the legacy
building 'Stadtbadgalerie' (located at Massenbergstrasse 9-13) in downtown
Bochum. Renamed 'Bochumer Fenster,' the property serves as a notable new
highlight in the city's urban development: The Ruhr University of Bochum
complements the property's mix of use types, adding campus facilities to
the anyway rich blend of retail, gastronomy, and office units. With 98
percent of the floor area let to strong covenants, 'Bochumer Fenster' is
nearing full occupancy.
Ruhr University of Bochum rented around 6,700 sqm across five floors on a
long-term lease of more than ten years that commences in October 2013. It
includes a lease renewal for 1,100 sqm of office space in the building's
tower that was previously rented in 2010. The new lease, which comes with a
rollover option, was brokered by Brockhoff&Partner (Essen).
'With its mix of retail, gastronomy, university, and office spaces,
'Bochumer Fenster' will stand for diversity, transparency, and
open-mindedness. It symbolises the spirit that the students and other users
will bring to the property and to the adjacent boulevards. This creates the
basis for a high level of acceptance and lasting success,' said Andrea
Neuhaus as she elaborated the new concept that was developed in close
cooperation with the City of Bochum. Neuhaus heads the branch office of DIC
Onsite, a DIC subsidiary that handles the property management of this
asset.
Dr. Ernst Kratzsch, City Commissioner of Urban Development: 'Repositioning
the 'Bochumer Fenster' helps to implement the proposals made in the campus
town masterplan. Letting space to Ruhr University of Bochum intensifies the
networking between the campus and the inner city that we worked so long
for. The high number of students will permanently revive the boulevard.'
Prof. Elmar Weiler, Rector of the Ruhr University of Bochum: 'We are very
delighted over this new teaching and research site of the Ruhr University
in downtown Bochum. Along with other office locations it is an integral
part of a masterplan to open up the campus toward the town centre.'
'Bochumer Fenster' with its modern and bright architecture represents an
interesting property within walking distance of the central railway station
in the heart of Bochum. The complex has a gross lettable area or around
23,700 sqm. Following the conversion, 7,200 sqm thereof are earmarked for
retailing (previously 9,400 sqm) while the rest is used as office space, by
the university, or for other purposes.
With more than 38,500 enrolled students, Ruhr University of Bochum is one
of Germany's ten largest universities. Around 1,500 law and psychology
majors will start attending classes and lectures in the building as of the
2013/2014 winter semester. The Institute for Clinical Psychology and
Psycho-Therapy will also relocate to the building. The university rents
units in the basement and another four floors that will be used as offices,
two auditoriums, class rooms, and a public cafeteria. The Tintenfass
stationary shop, an incumbent tenant, will relocate to new premises within
the building in order to expand.
Real estate investor DIC Asset AG acquired the building, which was raised
in 2002, from Häusser-Bau GmbH in 2006. Given the fact that the indoor
swimming pool had to shut down due to severe water damage in October 2012,
and the historic vacancy of gym and retail units, DIC Asset AG developed a
new use concept for the entire complex in collaboration with the city
government and external experts, which is now being realised. The property
will remain a multi-tenant property and feature attractive retail outlets -
including Modepark Röther (fashion,) Tintenfass (stationary), TEDi
(bargains) -, high-quality gastronomy (Mongo's), and long-term office
incumbents. The university broadens the building's use spectrum, and
surrounding locations stand to benefit from it.
DIC Asset AG has 62 properties and 514,000 sqm of commercial space under
management in North Rhine-Westphalia, the state where Bochum is located.
For details on DIC Asset AG, please visit us on the Internet at
www.dic-asset.de.
About DIC Asset AG:
Established in 2002, DIC Asset AG, with registered offices in
Frankfurt/Main, is a real estate company with a dedicated investment focus
on commercial real estate in Germany, pursuing a return-oriented investment
policy. Real estate assets under management currently amount to approx. EUR
3.4 billion, comprising around 260 properties. The Company's investment
strategy is geared to the continued development of a high-quality, highly
profitable and regionally diversified portfolio. The real estate portfolio
is structured in two segments: the Commercial Portfolio (EUR 1.8 billion)
comprises existing properties with long-term rental contracts generating
attractive rental yields. The Co-Investments segment (pro-rata share of EUR
0.3 billion) comprises fund investments, joint-venture investments, and
interests in development projects. DIC Asset AG provides a direct service
to tenants through its own real estate management teams in six branch
offices located at the regional hubs within the portfolio. This provides
DIC Asset AG with an edge in terms of market presence and expertise, and
builds the foundation for maintaining and increasing income and the value
of its real estate assets. DIC Asset AG has been included in the SDAX(R)
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.
Press Contact:
Thomas Pfaff Kommunikation
Höchlstraße 2
D-81675 Munich
phone +49-89-992496-50
fax +49-89-992496-52
mobile +49-172-8312923
kontakt(at)pfaff-kommunikation.de
Investor Relations&Corporate Communications:
Immo von Homeyer
DIC Asset AG
Investor Relations&Corporate Communications
Eschersheimer Landstraße 223
60320 Frankfurt am Main
phone +49-69-274033-86
fax +49-69-9454858-99
i.vonhomeyer(at)dic-asset.de
End of Corporate News
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30.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: DIC Asset AG
Eschersheimer Landstr. 223
60320 FrankfurtGermany
Phone: +49 69 9454858-86
Fax: +49 69 9454858-99
E-mail: ir(at)dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404, DE000A1KQ1N3, DE000A1TNJ22
WKN: 509840, A1KQ1N, A1TNJ2
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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223271 30.07.2013
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Datum: 30.07.2013 - 09:29 Uhr
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