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
Frankfurt/Main, December 14th 2016. DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) announced today the signing of a credit...
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
In December 2016, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) will launch its modernisation and restructuring measures in the Kaiserpassage shopping arcade in the Bahnhofsviertel neighbourhood of Frankfurt. The works are scheduled to be completed by spring 2018. In the course of the...
Plans for new building complex with mixed hotel, residential, food and retail use
Long-term leases signed by core tenants Holiday Inn and tegut…
Around 130 apartments and 225 parking spaces to be created
Demolition work beginning November 2016
Completion planned for end of 2019
DIC Asset AG (SCN A1X3XX/ISIN DE000A1X3XX4) will begin demolition work on its property on the corner of Berliner Strasse and Luisenstrasse in Offenbach at the end of November. The property...
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. The landmark asset adds around 30,000 sqm of lettable area to the GEG portfolio. In late 2017, GEG will start stripping out the building, before remodelling and repositioning it as exclusive Global Tower on Frankfurt's office market. The total investment...
FFO of EUR 36.9 million stable at the previous year’s level (9m 2015: EUR 36.8 million)
Projected sales target of EUR 80-100 million already reached
Letting performance significantly improved, to EUR 22.2 million (9m 2015: EUR 13.6 million) / Marked decline in vacancy rate to 11.9 per cent (down 1.3 percentage points)
Higher FFO forecast for 2016 of EUR 46 million - EUR 47 million
DIC Asset AG (German Securities ID A1X3XX / ISIN DE000A1X3XX4) published today its quarterly...
FFO forecast for 2016 raised to EUR 46-47 million
Rental income of c. EUR 109-111 million now anticipated
Positive net absorption and rental income from warehousing for retail fund leads to revision of outlook
Frankfurt-based real estate company DIC Asset AG (German securities code number: WKN A1X3XX / ISIN DE000A1X3XX4) has raised its FFO (funds from operations) year-end forecast for 2016 from EUR 43-45 million to EUR 46-47 million. The upward revision of the annual forecast is...
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 DIC Asset AG (German Securities ID A1X3XX / ISIN DE000A1X3XX4) today presented its financial report for the first half of 2016. DIC Asset AG’s cons...
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