Deutsche Immobilien Chancen Group (DIC) with registered office in Frankfurt is one of Germany's leading investment companies for commercial real estate.
The business model focuses on private equity investments in the SDAX-listed DIC Asset AG and the GEG German Estate Group AG. It also includes joint venture equity investments in property developments.
Real estate portfolio includes 10 properties in A- and B-class cities / Sales volume approximates EUR 143 million / Sale is part of the ongoing portfolio optimisation / Transaction brings revenues already up to two-thirds mark of 2017 year-end target >>
At EUR 47m, FFO reached upper limit of target range / Targeted acquisition volume in fund business clearly topped at EUR 520m / Fees from real estate management tripled / Financing costs slashed in half, now at 1.7 percent / Dividend proposal raised again to EUR 0.40 (2015: EUR 0.37) / Forecast 2017: FFO increase by up to 28 percent, from EUR 57m to EUR 60m >>
Acquisitions worth over EUR 520 million transacted in 2016 / Acquisition volume expanded as planned, topping the forecast of EUR 500 million / Another four acquisitions in Berlin, Bonn, Düsseldorf and Munich just before the end of 2016 add up to a total of c. EUR 195 million / Acquired assets earmarked for existing and planned institutional real estate fund in the office and retail segments >>
Roughly EUR 1 billion refinanced over seven-year term / Substantial reduction of Commercial Portfolio financing costs to circa 1.7 percent and amortisation rate to around 1 percent / Funds from operations (FFO) and cash flow boosted as of the 2017 financial year / FFO between EUR 55 and 60 million expected from 2017 / Sustainable long-term continuity of dividends secured >>
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 >>
GEG German Estate Group AG, based in Frankfurt, just acquired the former Commerzbank Skyscraper (Neue Mainzer Strasse 32-36, Frankfurt am Main) from Commerzbank AG. Raised in 1974, the high-rise is one of Frankfurt's classic office towers. >>