DIC Asset AG specialises in commercial real estate, particularly office property, in Germany. We are currently managing real estate assets of around EUR 3.2 billion, with 210 properties. Our investment strategy aims to develop a quality-oriented, high-yield and regionally diversified portfolio.
We look after our tenants directly and increase the value of our properties through our in-house property management service, with our own teams working from six branches. Proximity to our tenants and regional markets gives us a significant edge, when it comes to regional knowledge and expertise, over our national and international competitors who may be located far away.
The aim of our activities is to secure and increase our rental income and returns, as well as the value of our properties and co-investments. In order to achieve this aim, we monitor and manage the entire value-creation chain – from acquisition and real estate management through to sale – and the deployment of resources.
FFO forecast for 2016 raised to EUR 46-47 million / Rental income of c. EUR 109-111 million now anticipated / Positive net absorption and rental income from warehousing for retail fund leads to revision of outlook >>
Achim Gräfen appointed as an additional Managing Director, responsible for DIC Asset's fund business / Andre Zahlten to head Corporate Communications and Marketing / Rutger Kaeding succeeds Markus Schürmann as Head of Corporate Finance / Judith Kederer to replace Birgit Rüdiger as Head of Human Resources >>
Acquisition made for Investment Fund DIC Office Balance II / Two anchor tenants from the future-oriented branches of telecommunications and real-estate services / Property in the direct vicinity of Hanover Trade Fair, with very good connections to the local public-sector transport >>
FFO up 15 per cent, to EUR 27.7 million (H1 2015: EUR 24.0 million) / Consolidated profit for the period rises to EUR 20.2 million (H1 2015: EUR 5.0 million) / Acquisitions worth nearly EUR 300 million already transacted for funds business in 2016 / Significant scaling back of joint ventures / Full-year guidance for 2016 increased >>