The DIC Group is one of the leading investors in the German market for commercial real estate

Deutsche Immobilien Chancen (DIC) with registered office in Frankfurt am Main was set up in 1998. Today, it is active across Germany and one of the country's leading investment entities for commercial real estate.


Press Release

DIC Asset AG initiates its Seventh Open-ended Special AIF

Frankfurt, 04.07.2018

  • DIC Office Balance V launched with start-up portfolio in Munich and Hamburg
  • Target investment volume of EUR 350 to 400 million

Frankfurt am Main, 04 July 2018. DIC Asset AG, one of Germany's leading listed property companies, just launched its seventh open-ended special alternative investment fund (AIF). Named DIC Office Balance V, the new fund will invest in commercial real estate in German metro regions, and will thus continue the Office Balance series of DIC Asset AG. It is intended for institutional investors. The target investment volume is EUR 350 to 400 million. The start-up portfolio in a total volume of c. EUR 130 million consists of two buildings in Munich and Hamburg, respectively, and was added to the fund in late June 2018, using a corresponding amount of equity capital. The annual target return is planned to amount to 4.0 to 4.5 percent annually.

"Demand for office real estate remains very high in cities like Hamburg and Munich. The high-end start-up portfolio of two assets, which we secured for the fund as early as 2017, permits us to ensure stable rental demand and continuous rent revenues for our investors, and we are convinced that DIC Office Balance V will generate permanently sound distribution yields," said Sonja Wärntges, Chief Executive Officer of DIC Asset AG.

DIC Asset AG is one of the major initiators of institutional property funds in Germany with its own integrated real estate management platform that operates throughout Germany from six central locations. Due to the great performance of the existing funds, DIC Asset AG plans to further expand the volume in line with the implementation of its hybrid business model.

About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has around 180 assets with a combined market value of c. EUR 4.8 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.
In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.6 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.6 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes. DIC Asset AG has been included in the SDAX® segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.

For more details on DIC Asset AG, visit the company’s homepage at www.dic-asset.de.


Contact
DIC Asset AG
Nina Wittkopf
Head of Investor Relations and Corporate Communications
Neue Mainzer Straße 20  – MainTor
60311 Frankfurt am Main
Phone +49 69 9454858-1462
Fax +49 69 9454858-9399
ir@dic-asset.de



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Contact

Deutsche Immobilien Chancen AG & Co. KGaA

Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main
Germany

Phone
+49 (0) 9450709–0
Fax
+49 (0) 69 9450709–9998


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