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

Deutsche Immobilien Chancen (DIC) with registered office in Frankfurt am Main was set up in 1998. Today, it is active across Germany and one of the country's leading investment entities for commercial real estate.

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News releases

03.07.2019

DIC Asset AG: Acquisition of GEG Concluded – Further Premium Properties in Munich and Frankfurt Purchased in a Volume of EUR 140 Million

DIC Asset AG ("DIC") has acquired GEG German Estate Group ("GEG") with a contract dated 05 June 2019. The transaction has now been finalised as planned. Meanwhile, GEG further expanded its portfolios of high-end assets in central locations in recent days by acquiring the Palazzo Fiorentino in Frankfurt's Sachsenhausen district and the Fashion Mall Munich in the Parkstadt Schwabing quarter of Munich. "With the closing, we cleared another important milestone in the...

02.07.2019

DIC Asset AG: Peer Schlinkmann to Take Charge of Investor Relations & Corporate Communications

DIC Asset AG, one of Germany's leading listed property companies, announced today that Peer Schlinkmann (37) will take responsibility for the Investor Relations and Corporate Communications unit of DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) as of 1 July 2019. He will take the place of Nina Wittkopf, who left the company at the end of June 2019. Schlinkmann, who holds a degree in economics and is a trained banker, previously served the DIC Group in several functions between July 2009 and the...

01.07.2019

GEG acquires Fashion Mall Munich

In the first half of 2019, GEG has already generated a purchasing volume of around EUR 765 million GEG German Estate Group AG, Frankfurt/Main, has now purchased both building components of the Fashion Mall Munich in Parkstadt Schwabing, within the scope of an off-market transaction. The fully let property has a total rental space of approx. 17,000 sqm and ca. 340 parking spaces. Total investment volume amounts to approximately €90 million.

With its established user concept as a...

28.06.2019

GEG acquires PALAZZO FIORENTINO in Frankfurt

GEG German Estate Group AG, Frankfurt/Main, has now purchased the PALAZZO FIORENTINO in Frankfurt-Sachsenhausen, a building boasting just under 11,000 sqm of office space and 102 underground parking spaces. The property was sold by BMO Real Estate Partners, Munich. Total investment volume results from a bidding competition, and amounts to approximately €50 million. GEG bought the property for the manage-to-core-fund “GEG Deutschland Value I”. All of the...

24.06.2019

DIC Asset AG: GEG acquires the HELIO building in Augsburg

DIC Asset AG has signed the contract to buy GEG German Estate Group AG on the 5th of June 2019. The transaction is expected to be closed end of June 2019. Now GEG has acquired the HELIO building, a combined shopping-, service- and office-center, which includes an underground car park as well. The building, which is situated directly next to the main railway station in Augsburg, was acquired in an off-market transaction. The seller, ASG, Jersey, has extensively refurbished, modernised and...

05.06.2019

DIC Asset AG Acquires the GEG German Estate Group

DIC Asset AG acquires one of the fastest-growing German property investment and asset managers as it takes over GEG German Estate Group Increase in assets under management to more than EUR 5 billion in the institutional fund business alone Direct and significant increase in profitability per share FFO guidance for 2019 raised from EUR 70 - 72 million to EUR 88 - 90 million Frankfurt am Main, 05 June 2019. DIC Asset AG ("DIC"), one of Germany's leading listed property...

23.05.2019

René Zahnd – CEO of Swiss Prime Site AG – to Join Supervisory Board of DIC Asset AG

René Zahnd (aged 53) was court-appointed to join as new member of the Supervisory Board of DIC Asset AG as of 21 May 2019 and through the end of the next annual general meeting. René Zahnd has been Chief Executive Officer of Swiss Prime Site AG since 1 January 2016. René Zahnd started his professional career with the law firm of Bratschi Emch & Partner in Bern and Zurich. He moved on to serve in a number of senior positions with real estate companies and property developers, including...

Contact

Deutsche Immobilien Chancen AG & Co. KGaA

Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main
Germany

Phone
+49 (0) 9450709–0
Fax
+49 (0) 69 9450709–9998

Media Contact

Haussmann Pfaff Communications

Höchlstraße 2
81675 München
Germany

Phone
+49 (0) 89 992496-50
Fax
+49 (0) 89 992496-52

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