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.
All agenda items approved by clear majority votes / Dividend increase for 2015, to EUR 0.37 per share (2014: EUR 0.35) / Ulrich Höller confirmed as member of the Supervisory Board / EUR 87 million in disposals as at end of H1 >>
Building in Hamburg with office and retail premises, built in 1873, to accommodate hotel / Historic 10,900 sqm warehouse is now fully let / Rental proves attractiveness of properties in the “DIC Office Balance II” fund >>
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 >>