DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset

Commercial Portfolio

Commercial Portfolio

Gathered in our Commercial Portfolio is the real estate that we manage as owners and property asset holders across Germany. They represent predominantly commercial properties in major cities and regional economic centres, the focus being on office use.

The 96 assets currently in our proprietary portfolio generate stable rent revenues from attractive long-term lease agreements. The rent revenues are broadly diversified by region, sector and tenant. The gross rental return of our real estate portfolio currently equals 5.4%.

Moreover, we optimise our portfolio properties through active letting management, refurbishments and repositioning, thereby generating profits from property disposals out of the Commercial Portfolio in addition to the rent revenues.

As of the key date of 31 December 2019, the real estate assets held in the Commercial Portfolio added up to c. 1.9 billion euros.


Commercial Portfolio overview *
  31.12.2019 31.12.2018
Number of properties 93 101
Market value in EUR million 1,900.0 1,696.8
Rental space in sqm 842,400 893,500
Annualised rental income in EUR million 101.8 97.6
Average rent in EUR per sqm 10.41 9.64
WALT in years 6.0 5.8
EPRA vacancy rate in % 6.5 7.2
Gross rental yield in % 5.4 5.9
* all figures without project developments and repositioning properties, except for number of properties, market value and rental space



Tenant structure