Allen & Overy LLP has advised Bankhaus Lampe KG and Commerzbank AG as underwriters in connection with the rights issue of DIC Asset AG (DIC Asset) .

DIC Asset has used the capital increase to take over 94 percent of the UNITE  property portfolio which includes 54 office and commercial properties, a portfolio with a market value of around 481 million euros . In addition, a rights issue over 16,652,932 shares with gross proceeds of approximately 100 million euros was undertaken. The proceeds will be used to optimize the portfolio financing and general corporate purposes.
 
With the issue of a total of 22.859 million new shares from two capital raisings, the share capital of the Company increased to a total of 68,577,747 euros.
 
The Allen & Overy team comprised partner Dr. Oliver Seiler, Counsel Dr. Knut Sauer ( both Equity Capital Markets ), Senior Associate Dr. Camilla Kehler and white as well as associate David Rath ( both equity capital markets , all Frankfurt) . For U.S. law partner Gernot Wagner and Senior Associate consulted Dr. Susanne Lenz (both U.S. corporate finance, Frankfurt). For regulatory purposes, advised counsel Dr Detmar Loff (International Capital Markets ) , tax law counsel Klaus D. Hahne (both Frankfurt).