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 around 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.
Attractive upgrade for the sub-district's amenities and quality of life / Modern design concept with strong tenant mix / 97% of the new floor space already let / Completion scheduled for spring 2018 >>
Plans for new building complex with mixed hotel, residential, food and retail use / Long-term leases signed by core tenants Holiday Inn and tegut… / Around 130 apartments and 225 parking spaces to be created / Demolition work beginning November 2016 / Completion planned for end of 2019 >>
FFO of EUR 36.9 million stable at the previous year’s level (9m 2015: EUR 36.8 million) / Projected sales target of EUR 80-100 million already reached / Letting performance significantly improved, to EUR 22.2 million (9m 2015: EUR 13.6 million) / Marked decline in vacancy rate to 11.9 per cent (down 1.3 percentage points) / Higher FFO forecast for 2016 of EUR 46 million - EUR 47 million >>
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 >>