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 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 >>
Acquisition of hybrid centre in Halle an der Saale and two shopping centres in Hamburg / Gross lettable area of around 75,000 sqm fully occupied / Acquisitions worth nearly 300 million euros for investment funds already transacted in 2016 >>
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 >>