DIC Asset grabs German portfolio for EUR 460m

DIC Asset has acquired a mixed-use property portfolio from SEB Immobilien-Investment for about EUR 460 mln, including transaction costs. DIC Asset's chairman Ulrich Holler said the company is planning to make further investments this year of at least EUR 1 bn. 'The purchase of this valuable portfolio is the start of the announced implementation of our third strategy level, which will be characterised by significant market penetration,' Holler added.

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