Deutsche Immobilien Chancen Group (DIC) with registered office in Frankfurt is one of Germany's leading investment companies for commercial real estate.
The business model focuses on private equity investments in the SDAX-listed DIC Asset AG and the GEG German Estate Group AG. It also includes joint venture equity investments in property developments.
Attractive upgrade for the sub-district's amenities and quality of life / Modern design concept with strong tenant mix / 97% of the new floor space already let / Completion scheduled for spring 2018 >>
Plans for new building complex with mixed hotel, residential, food and retail use / Long-term leases signed by core tenants Holiday Inn and tegut… / Around 130 apartments and 225 parking spaces to be created / Demolition work beginning November 2016 / Completion planned for end of 2019 >>
GEG German Estate Group AG, based in Frankfurt, just acquired the former Commerzbank Skyscraper (Neue Mainzer Strasse 32-36, Frankfurt am Main) from Commerzbank AG. Raised in 1974, the high-rise is one of Frankfurt's classic office towers. >>
FFO of EUR 36.9 million stable at the previous year’s level (9m 2015: EUR 36.8 million) / Projected sales target of EUR 80-100 million already reached / Letting performance significantly improved, to EUR 22.2 million (9m 2015: EUR 13.6 million) / Marked decline in vacancy rate to 11.9 per cent (down 1.3 percentage points) / Higher FFO forecast for 2016 of EUR 46 million - EUR 47 million >>
FFO forecast for 2016 raised to EUR 46-47 million / Rental income of c. EUR 109-111 million now anticipated / Positive net absorption and rental income from warehousing for retail fund leads to revision of outlook >>