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

DIC Deutsche Immobilien Chancen
DIC Deutsche Immobilien Chancen
DIC Deutsche Immobilien Chancen

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.


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News


22.03.2019

DIC Asset AG: Annual General Meeting Resolves Increased Dividend of EUR 0.48 per Share compared to last year while Company Maintains its Growth Trajectory

Regular dividend for 2018 raised by about 10 percent to EUR 0.48 per share / Above-average dividend yield of 5.3% / Scrip dividend option / Management board confirms forecast for 2019 (FFO: EUR 70 - 72 million) / All agenda items approved by a large majority >>



19.03.2019

DIC Asset AG: Sale of TLG Share Block to Ouram Holding S.à.r.l. Completed

DIC Asset AG, one of Germany's leading listed property companies, reported the disposal of a first block of shares of its TLG Immobilien AG stock holdings. The company had already announced its plan to dispose the TLG Immobilien AG holdings in December 2018. The buyer of the now sold stake is Ouram Holding S.à.r.l. ("Ouram") who exercised its call option on a 6% block of shares of the TLG Immobilien AG equity, completing the transaction in accordance with the contractual agreement. >>



18.02.2019

GEG invests EUR 140 million in two properties in Düsseldorf and Mainz

GEG German Estate Group AG, Frankfurt am Main, has acquired two further properties: the Karl-Arnold-Platz 1 (KAP1) property in Dusseldorf for its “GEG Deutschland Value I” Manage-to-Core Fund from Bayerische Versorgungskammer, Munich. The second building is situated in Mainz’s old town on the banks of the Rhine (Rheinstrasse 2) and is currently completely let to Deutsche Bahn. It was acquired from a fund managed by KGAL GmbH & Co. KG, based in Grünwald near Munich for its “GEG Public Infrastructure I” Fund. The total investment volume of both properties thus amounts to approximately €140 million. >>



08.02.2019

DIC Asset AG increases FFO to a record level of € 68 million in 2018; dividend raised to 48 Cents (previous year: 44 Cents)

FFO grow significantly by 13 % to EUR 68 million / Profit for the period maintains high level at EUR 47.6 million / Dividend proposal of EUR 0.48 / Commercial Portfolio: EPRA vacancy rate down by 24 % to 7.2 %; like-for-like rental income +2.7 %; c. EUR 160 million in value growth not including transactions (+10.4 %) / Income from fund business increased by 73 %, up to EUR 37.3 million / Forecast for 2019: rise of FFO to EUR 70-72 million >>



15.01.2019

DIC Asset AG: Kaiserpassage after Refurbishment Back “In the Middle of Things” – Reopening Officially in February 2019

DIC Asset AG, one of Germany's leading listed property companies, reported that the Kaiserpassage a shopping arcade in the Bahnhofsviertel sub-district in Frankfurt am Main will reopen for business in mid-February. Under the heading "Mitten im Leben" (which translates into "In the Middle of Things"), it was modernised in technical and functional terms and structurally altered over a two-year conversion and construction phase. >>



10.01.2019

DIC Asset AG Starts into New Year with Acquisition for its Proprietary Portfolio – DIC Onsite senior management completed

DIC Asset AG, one of Germany's leading listed property companies, acquired a fully occupied multi-tenant office building located in a technology park in Bremen via an asset deal from a private seller during the first days of the year, the asset being earmarked for its proprietary holdings. The transaction thus maintains the growth trajectory in 2019 that the company pursued for its Commercial Portfolio last year. >>



08.01.2019

DIC Asset AG: Acquisition Volume 2018 of c. EUR 510 million exceeds the Target Range

Acquisition of one asset for the proprietary portfolio and two assets for the DIC special funds for a total of c. EUR 100 million signed at the end of 2018 / Acquisition volume across segments totals c. EUR 510 million and thus tops target corridor of EUR 450–500 million / Commercial Portfolio sales worth c. EUR 100 million notarised in 2018 >>



21.12.2018

GEG purchases the Eurotheum building in Frankfurt from Commerz Real

Total investment volume of approximately €250 million / Prominent example of a successfully refurbished and re-positioned core property >>



13.12.2018

DIC Asset AG Secures Construction Project near Kurfürstendamm in Berlin for its Commercial Portfolio

DIC Asset AG, one of Germany's leading listed property companies, contractually secured a construction project at Heilbronner Str. 26 in Berlin via a forward deal with CASADA GmbH, a company active in the field of property developments and project control in Germany. The total investment volume adds up to c. 90 million euros. >>





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