The DIC Group is one of the leading investors in the German market for commercial real estate

The three business segments Portfolio and Asset Management, Opportunistic Investments and Development are the cornerstones for stable and yet opportunistic corporate development

News

News releases

10.01.2012

MainTor Quarter: major letting contract of around 14,000 sqm to Union Investment

Significant progress in letting and construction Construction of MainTor Porta subproject to start in Q1 2012
DIC has let around 14,000 sqm (or roughly 70 percent of the entire lettable area) of its MainTor Porta office complex at the future MainTor Quarter to Union Asset Management Holding AG (“Union Investment”). Start of the lease term is spring 2014. The company thus closed the largest new letting contract of 2011 in downtown Frankfurt.

Construction for the MainTor...

15.11.2011

Nine-month results for 2011: DIC Asset AG exactly within the target range

Vacancy reduction is proceeding, year-end target of vacancy rate reduction to around 13 per cent will be realised
FFO with EUR 29.8 million well on track, target 2011 confirmed
Profit for the period of EUR 8.1 million according to plan With acquisitions in excess of EUR 280 million, DIC Asset AG has already fulfilled its full-year target
DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) today presented its interim report for the first nine months of the 2011 financial...

18.10.2011

DIC Asset: complete takeover of a portfolio worth EUR 190 million

Portfolio growth target for 2011 already achieved
Transaction significantly supports FFO growth
Simplification of operative structures

With economic effect as of 1 October 2011, DIC Asset AG (WKN 509840/ ISIN DE0005098404) took over the 50 per cent stake in three joint ventures previously held by funds advised by Morgan Stanley Real Estate Investing. As a result, DIC Asset has become the sole owner of an attractive portfolio with a market value of some EUR 190 million consisting...

21.09.2011

DIC Asset: Property acquisitions of EUR 78 million to boost FFO growth

DIC Asset AG (WKN 509840/ ISIN DE0005098404) has now acquired three fully let commercial properties with an investment volume of some EUR 78 million in Duisburg, Karlsruhe and Leipzig. The acquisition is the result of two exclusive transaction implementations with international investors. As previously announced, DIC Asset AG is consequently expanding its portfolio with three attractive, modern properties, which are let to well-known, highly creditworthy companies. As a result, some of the...

09.09.2011

Change of personnel at the Deutsche Immobilien Chancen Group

Sonja Wärntges to be new CFO and successor to Dr. Van Meenen Kai M. Dreesbeimdiek to strengthen management team on development The Supervisory Board of the Frankfurt-based Deutsche Immobilien Chancen AG & Co. KGaA (not to be confused with the stock exchange listed company DIC Asset AG) has appointed Sonja Wärntges (44) to the Board of Directors with effect from 1 September 2011. She will be taking over the role of CFO, hitherto performed by Dr. Ignace Van Meenen (43). At the...

19.08.2011

DIC: work on the MainTor site begins with demolition

Construction management concept approved to protect local residents, passers-by and traffic Construction of Primus building to start on 1 November 2011 This Monday, 22 August 2011, DIC is due to begin the major demolition work for the MainTor site. Over the weekend, steps are to be taken to prepare the area and make it safe, most importantly providing protected, unimpeded routes for pedestrians. The demolition work will begin by carefully gutting the buildings. This process...

11.08.2011

DIC Asset AG pursues its strategy in the first half of 2011

DIC Asset AG exceeds first-quarter results on nearly all financial indicators 137,800 sqm of new lettings or renewals (+18 per cent) Profit for the period of EUR 6.2 million matches the previous year's level (H1 2010: EUR 6.3 million) FFO remains high, at EUR 20.1 million (H1 2010: EUR 22.0 million)
Key results at a glance: Today DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) presented its interim report for the first half of the 2011 financial year. The Company once...

Contact

DIC - Deutsche Immobilien Chancen AG & Co. KGaA

Eschersheimer Landstraße 223
60320 Frankfurt am Main
Germany

Phone
+49 (0) 69-27 40 33-0
Fax
+49 (0) 69-27 40 33-69

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81675 München
Germany

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