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 216 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.
Operating profit (FFO) up 20 per cent, to EUR 14.5 million (Q1 2015: EUR 12.1 million) / "Strategy 2016" successfully concluded: LTV at 58.8 per cent / EUR 11.8 million consolidated profit for the period markedly higher year-on-year (Q1 2015: EUR 1.3 million) / Fees from real estate management rise to EUR 7.4 million / Stake in WCM Beteiligungs- und Grundbesitz-AG raised to 24.9 per cent / Annual targets for 2016 affirmed >>
Ralph Andermann (51) has been appointed to the newly-created position of Managing Director for DIC Asset AG's Funds operations in April 2016. In his new role, Andermann reports to CEO Aydin Karaduman, who is responsible for the Company's Funds business at Management Board level. >>
Deutsche Bahn renews tenancy agreement for an overall rental area of 26,500 sqm in Nuremberg / Rental demonstrates attractiveness of properties in the "DIC Office Balance III" fund / New rental in Dreieich-Sprendlingen to tegut (around 1,700 sqm) >>