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

15.05.2012

DIC Asset AG – Q1 results show a successful start to 2012

Gross rental income up to EUR 31.1 million (Q1 2011: EUR 27.6 million) Vacancy rate reduced to 12.3 per cent (Q1 2011: 14.3 per cent) FFO increased to EUR 10.5 million (Q1 2011: EUR 10 million) Forecast for 2012 FFO affirmed, at EUR 43 million to EUR 45 million
Key results at a glance:
DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) today presented its interim report for the first three months of the 2012 financial year. Results were shaped by four main factors. At...

26.03.2012

DIC to Start Opera Offices Project in Hamburg

Sale of first construction stage to German pension fund signed Construction to start in spring 2012
The Frankfurt-based DIC (Deutsche Immobilien Chancen) just sold the listed “Opera Offices Klassik” section of the “Opera Offices” complex in Hamburg to a Northern German pension fund within the framework of a forward deal. The project volume of this preliminary sale accounts for around a third of the overall volume of the “Opera Offices” complex,...

13.03.2012

DIC Asset AG plans strong growth in earnings for 2012

Target FFO of EUR 40.6 million achieved in 2011 (2010: EUR 44.0 million) FFO per share of EUR 0.92 (2010: EUR 1.15). Property values up 0.7 per cent – NAV per share stable, at EUR 14.93 (2010: EUR 15.27) Vacancy rate declined markedly, to 12.4 per cent (2010: 14.3 per cent) Successful launch of the MainTor project Stable dividend of EUR 0.35 per share Forecast: DIC Asset AG expects a 10 per cent increase in FFO for 2012 DIC Asset AG (German Securities ID 509840 / ISIN...

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...

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

Media Contact

Thomas Pfaff Kommunikation

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81675 München
Germany

Phone
+49 (0) 89 99 24 96-50
Fax
+49 (0) 89 99 24 96-52

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