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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DIC Asset AG Increases its FFO by 25% and Decreases its LtV below 50%

Funds from operations (FFO) rise by 25% to EUR 17.0 million / Loan-to-value (LTV) drops to 49.8% (previous year: 56.2%) / Operating performance indicators substantially improved: EPRA vacancy rate reduced to 8.4%, WALT lengthened to 5.8 years / DIC Asset AG reaffirms its forecast for 2019 >>


DIC Asset AG realizes Income of c. EUR 43.9 mn from Sale of 8% Stake in TLG Immobilien AG – Proceeds to be Invested in the Company’s Own Business

DIC Asset AG, one of Germany's leading listed property companies, sold most of its equity interest in TLG Immobilien AG by transferring a stake of 8% to the Bedrock group. The sale that was already contractually agreed upon in December 2018 results in an income of c. EUR 43.9 million. >>


DIC Asset AG: Shareholders emphasize their trust in the company development – around 50% acceptance rate for scrip dividend

Scrip dividend acceptance rate of around 50%, increase of 13% year-on-year / Equity capital strengthened by EUR 16.1 million for future growth / 1,687,527 new no-par value shares issued (capital increase of around 2.4%) >>


Ulrich Höller becomes Chairman of GEG’s Supervisory Board – Christian Bock appointed to the Management Board

Ulrich Höller (53), Chairman of the Management Board of GEG German Estate Group AG, Frankfurt, has assumed the position of Chairman of the Supervisory Board. He will continue to assist GEG in the company’s day-to-day business from this new position, in an advisory capacity. Furthermore, Christian Bock (39), hitherto Head of Institutional Business at GEG, has been appointed to GEG’s Management Board as COO. >>


GEG acquires the “Pressehaus” building on Berlin’s Alexanderplatz, from Tishman Speyer

GEG German Estate Group AG, Frankfurt/Main, has acquired two properties in Berlin's landmark "Alexanderplatz" square (Karl-Liebknecht-Strasse 27-29), from Tishman Speyer. The first is the historical high-rise “Pressehaus” building (16 upper floors and a rental space of 24,200 sqm) including the flat-roofed “Pressecafé” building (with a rental space of 1,200 sqm), both redesigned and completely revitalised. Then with the addition of the “New Podium” building (10,300 sqm spread across 6 upper floors), scheduled for completion in 2021, total rental space will amount to 35,700 sqm. The total investment of the off market transaction amounts to approximately €365 million. >>


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 >>


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. >>


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. >>


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 >>

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