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Deutsche Immobilien Chancen (DIC)

Investment fund - Investment company

Last update October 31, 2019 | Report an error

Gerhard Schmidt

Chairman of the Supervisory Board

Listed

Frankfurt's DIC Asset in 3Q sells two assets for €71m in Frankfurt, Leipzig

Frankfurt's DIC Asset in third quarter sold two assets for €71m in Frankfurt and Leipzig from its GEG institutional division after increasing values with active management. The notarised sales were made (...)

Finance

Construction services provider ISG appoints Karaduman as head of Europe

International construction services provider ISG has appointed former DIC Asset CEO Aydin Karaduman to a new position as Managing Director Europe, based in Frankfurt. The newly-created position stems from the (...)

Listed

Frankfurt's DIC boosts FFO to €43m on GEG acquisition, strong operations

First-half FFO at Frankfurt listed property group DIC Asset jumped to €43m from €32m in 1H18 after acquiring the GEG German Estate Group, plus a robust operating (...)

Retail

GEG German Estate adds second Fashion Mall Munich component at €90m

GEG German Estate, the group due to merge into Frankfurt's DIC Asset soon, has purchased the second of two components of the Fashion Mall Munich at an (...)

Listed

Frankfurt's DIC Asset acquires allied GEG for €225m, boosting AUM to €7bn

Frankfurt's listed DIC Asset is to acquire the allied GEG German Estate Group for €225m, boosting total managed asset over €7bn, and sparking a strong upgrade in 2019 (...)

Listed

Greek billionaire Economou becomes 2nd largest shareholder in Germany’s TLG

Greek shipping billionaire George Economou has become the second largest shareholder in Germany's TLG Immobilien after buying nearly 8% from Swiss M&A boutique Bedrock. According to a (...)

Office

GEG, in first Berlin investment, adds two Alexanderplatz assets for €365m

Frankfurt-based GEG German Estate Group has invested €365m to acquire two properties in Berlin's Alexanderplatz from Tishman Speyer: the Pressehaus tower and the New Podium project. Following the transaction, the firm's assets under (...)

Listed

Berlin's TLG sells €118m retail, adds €81m office in first optimisation

In the first moves by new management to optimise the portfolio, Berlin-based TLG has sold 29 retail properties for €118m and added an office asset in Bonn for (...)

Listed

Frankfurt's DIC Asset boosts 2018 FFO 13% to €68m, to propose 5.3% div

Frankfurt listed group DIC Asset increased funds from operations last year by 13% to €68.0m, and said it will propose a dividend of €0.48 per share, (...)

Listed

Ouram requests TLG extraordinary meeting to change supervisory board

Ouram Holding, the senior minority shareholder in Berlin’s listed real estate firm TLG, has requested an extraordinary shareholder meeting to make major changes to its supervisory (...)

Listed

Germany's DIC Asset says posted 13% rise in 2018 FFO to €68m

Frankfurt listed DIC Asset achieved a 13% rise in funds from operations last year to €68m and boosted on-balance sheet assets by 10% to €1.7bn, a (...)

Listed

At €510m, Frankfurt's DIC Asset hits 2018 acquisitions target

Frankfurt's listed real estate group DIC Asset said acquisitions for its managed fund and its owned portfolios hit plan in 2018, totalling €510m. Sales were also (...)

Office

GEG purchases former Frankfurt ECB HQ Eurotheum for €250m

GEG German Estate, controlled by private German firm DIC and US M&A giant KKR, has acquired the Eurotheum building in Frankfurt fromCommerz Real at a cost of around €250m.  GEG said in a (...)

Listed

Berlin's TLG in €400m asset revaluation after Ouram stake rise

Just over a week after the Ouram group boosted its stake in German listed TLG Immobilien to over 28%, the latter has announced a portfolio revaluation of €400m (...)

Office

Frankfurt's DIC Asset adds €90m forward office deal in Berlin

Frankfurt listed real estate group DIC Asset has secured, in a forward deal, an office project in the Halensee sub-district of Berlin from the developer Casada for a total investment (...)

Office

Hamburg's Hansainvest buys 50% of €340m Frankfurt project

Hamburg's Hansainvest has acquired 50% of the Global Tower project in Frankfurt being developed for €340m by GEG German Estate Group in anticipation of acquiring the asset on completion. GEG, jointly (...)

Office

DIC Asset sells Berlin office asset for 3-digit million euros to RFR

Frankfurt listed office investor DIC Asset has sold the Rosenthaler Höfe office property in Berlin to US-based RFR Holding for price in the three-digit million euro (...)

Office

GEG invests €275m to acquire 7th prime asset in Frankfurt

GEG German Estate Group, a joint venture between Germany's DIC and US-based M&A giant KKR, has invested €275m to acquire the Garden Tower in Frankfurt from a (...)

Office

Frankfurt's DIC Asset in €153m forward office buy in Düsseldorf

Frankfurt's listed real estate investment manager DIC Asset is investing €153m to acquire the Infinity Office project in Düsseldorf in a forward purchase deal from the (...)

Listed

Frankfurt's DIC boosts 1H net 20% to €20m, AUM beats €5bn for first time

Frankfurt listed office group DIC Asset grew first half consolidated net income 20%yy to €20m. Stable operating revenues and a rise in dividend income boosted FFO (...)

Housing

Corestate targets €2.4bn micro-living AUM in Germany, Europe

Listed German property specialist Corestate Capital, plans to invest €2.4bn in micro-living in Germany and throughout Europe through end-2019, and said it has already deployed €1.8bn in (...)

Finance

Germany's TLG on track to double portfolio in office, retail – co-CEOs

TLG Immobilien, the Berlin-based listed group, is on track to double its portfolio, focusing on office and specialised retail property, say co-CEOs Peter Finkbeiner and Niclas Karoff. With the (...)

Listed

German TLG shareholder Adar exits, Dayan converts to 22.5% direct stake

Major shareholdings in German listed TLG have shifted again. Hedge fund Adar has sold its entire 18.17% stake while another, Ouram controlled by Israeli investor Amir Dayan, now (...)

Retail

DIC Asset cuts exposure to the German high street with retail fund sale

Frankfurt listed commercial real estate group DIC Asset has sold its DIC HighStreet Balance fund comprising 15 retail properties to an unnamed institutional investor, saying it exceeded its (...)

Listed

Adar has no plans to breach 30% of Spain's Neinor - CIO Marynberg

Adar Capital Partners has no plans to raise its stake in Spanish listed housing developer Neinor Homes above 30%, thus triggering an obligatory takeover offer, its CIO and Founder Zev (...)

Listed

Former WCM managers' IPO for new firm Godewind aimed at raising €450m

The former managers of Germany's WCM, Stavros Efremidis and Ralf Struckmeyer, are launching a new firm Godewind Immobilien in an initial public offering of shares to raise (...)

Finance

German TLG shareholder Adar takes largest 9.2% stake in Spain's Neinor Homes

Israeli-controlled fund manager Adar Capital Partners, a senior shareholder in Germany's TLG Immobilien, has built a 9.2% equity stake in Spain's Neinor Homes, making it the largest institutional shareholder (...)

Finance

Frankfurt's DIC Asset boosts 2017 FFO 28% to €60m, proposes special dividend

Frankfurt listed commercial property group DIC Asset reported FFO up in 2017 by 28% to €60.2m or €0.88 per share, with net profit at €64.4m, turning round a (...)

Listed

German TLG in spotlight as major shareholders assess new 23% investor

German listed TLG, managing €2.4bn in commercial real estate, is in the spotlight this week after investor Amir Dayan said he potentially controls 23% of the firm. (...)