FFO growth (+6% to EUR 72.7 mn) ::: Strong letting performance continues (+72%) ::: Real estate management fees increased (+56% to EUR 60.6 mn) ::: Assets under management grew to EUR 8.7 bn (+1.1 billion since the start of the year)
Two non-strategic properties in Berlin and in Düsseldorf sold for c. EUR 108 million ::: Sales prices exceed most recent market values by around 20% ::: Volume of property sales reaches forecast target
‘Manager of the Year’ in 2019, and ‘Mind of the Year’ in 2020: Sonja Wärntjes, our CEO, was honoured with the prestigious Immobilienmanager Award in either category.
More than 20 years of experience in the German real estate and capital market, seven regional branch offices, and a wide-spread network: DIC Asset AG has successfully established itself with a footprint on all major German markets.
In two distinct business divisions, we have a total of 189 properties with a market value of c. EUR 8.7 billion under management (30/09/2020). In our Commercial Portfolio unit, we act as proprietor while serving as mandated manager in our Institutional Business unit.
Both units take advantage of our highly productive in-house property management and property development platform in order to optimise asset values along the entire real estate value chain.
Institutional investors benefit from our investment and management know-how by reaping lucrative distribution yields.
From acquisitions, to structuring tailored investments, to active measures for boosting both income and value, and all the way to the optimal exit: We are packing our entire know-how plus our superior market access into our range of deliverables for institutional investors, bundled up by our subsidiary GEG.
DIC Asset AG has been SDAX-listed since 2006. As a listed company, we provide our shareholders and analysts with the highest possible degree of currency and transparency.