About our company


DIC Asset AG is Germany’s leading listed specialist for office and logistics real estate with 25 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with nine offices on the ground in all major German markets (incl. VIB Vermögen AG). We currently manage 357 assets with a combined market value of c. EUR 14.1 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate steady cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management, and realising gains from sales.

In the Institutional Business segment we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

Facts & Figures

Active on the German market with 25 years of first-hand experience


staff deployed in 9 branches across Germany


EUR billion Assets under Management


EUR billion transaction volume 2022


Management Board of DIC Asset AG

Chief Executive Officer (CEO)

Sonja Wärntges

Sonja Wärntges joined the Management Board in the role of CFO in 2013, and has headed DIC Asset AG as CEO since 1 October 2017, being in charge of asset management, property management, portfolio management, finance, controlling, marketing, IR, Sustainability and administration.

She has a demonstrable leadership and management track record and has proven her competencies in various senior positions in prestigious companies. Sonja Wärntges has long-term experience in the real estate industry, and is a member of the executive body of the ZIA German Property Federation.

Curriculum vitae (German)

Chief Institutional Business Officer (CIBO)

Torsten Doyen

Torsten Doyen has been Chief Institutional Officer at DIC since January 2023.
Prior to his appointment to the Management Board of DIC Torsten Doyen was Managing Director at GEG German Estate Group GmbH. The banking economist and graduate real estate economist has more than 20 years of management experience in raising capital in the real estate and fund industry.

Before joining GEG, he had been Managing Partner at CB Capital Management since 2017 in charge for capital raising in the DACH region and for business development.

Prior to that, Mr. Doyen was responsible for institutional sales at Warburg-HIH Invest Real Estate for nine years and acted, among others, as Managing Director of the capital management company. He has many years of professional experience in the fund and real estate industry, having worked for Bankhaus Wölbern & Co and Nordcapital.

Curriculum vitae (German)

Operations Officer (COO)

Christian Fritzsche

Christian Fritzsche has been the Chief Operations Officer (COO) at DIC since January 2023. He has been employed by companies of the DIC Asset Group in leading positions since 2010, most recently as Managing Director of DIC Onsite GmbH. The business graduate has more than 20 years of experience in the real estate industry.

Prior to his career at DIC, Christian Fritzsche worked as Director Commercial Leasing at IFM Asset Management and as a leasing specialist for Union Investment.

Curriculum vitae (German)

Chief Investment Officer (CIO)

Johannes von Mutius

Since April 2015, Johannes von Mutius has been in charge of the transaction business of DIC Asset AG as Chief Investment Officer.

He is an acknowledged property expert who has gathered a wealth of experience in senior positions in the real estate industry.

Curriculum vitae (German)

Supervisory Board

Prof. Dr. Gerhard Schmidt

Prof. Dr. Gerhard Schmidt

Chairman of the Supervisory Board

Partner of the law firm Weil, Gotshal & Manges LLP

Curriculum vitae (German)

Michael Zahn

Michael Zahn

Vice Chairman of the Supervisory Board

former Chief Executive Officer of Deutsche Wohnen SE

Curriculum vitae (German)

Dr. Angela Geerling

Dr. Angela Geerling

Portfolio Manager, Schroders Real Estate Asset Management GmbH

Curriculum vitae (German)

Ulrich Reuter

Prof. Dr. Ulrich Reuter

President of Sparkassenverband Bayern

Curriculum vitae (German)

Eberhard Vetter

Eberhard Vetter

Director of Capital Investments at the RAG foundation

Curriculum vitae (German)

Rene Zahnd

René Zahnd

Chief Executive Officer of Swiss Prime Site AG

Curriculum vitae (German)

Management of the Business Units

Structure & Strategy

Diversified flow of income

Our business model combines several sources of income. It is based on sustainable income from the management of our Commercial Portfolio and recurring management in­come from a broad range of services for third parties (In­stitutional Business), supplemented by equity returns from our structured investments.

Generating income streams from two complementary seg­ments ensures continuous profitability and enables us to exploit opportunities with maximum independence from market cycles.There are strong synergies between both segments on our platform:

Combining the financial and balance sheet structure of a portfolio holder with the management expertise of an active asset manager enables us to exploit market opportunities quickly and flexibly while at the same time ensuring exceptional reliability and providing full-service solutions across all phases of the value chain.

Key figures
DIC business
What distinguishes us

dynamic performance

Born of conviction, experience and the knowledge that our work reflects on us, DIC‘s success is a special team effort that combines our individual strengths:
Reliability, creativity and speed.

It’s what we call: dynamic performance.

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Our code of values

Encouraging Accountability, Earning Trust

Reliability and trustworthiness represent the core values of our corporate culture. They are based not just on strict adherence to statutory and contractual rules, but on a basic understanding of ethical behaviour. This includes openness, fairness and tolerance, conservation of resources, equal opportunity across gender lines, and the promotion of diversity while following clear guidelines and helping to manage threats and potential conflicts.