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DIC Asset

Career 19/05/2021

Edmond de Rothschild REIM expands its real estate debt team

Edmond de Rothschild REIM has appointed Max Grafmüller as Director of the real estate debt team in Frankfurt. He will be responsible for loan (...)

Listed 04/12/2019

Frankfurt's DIC signs €500m Cologne Stadthaus club deal buy from Korea's Mirae

Frankfurt listed DIC Asset has signed to lead a €500m club deal early next year to acquire the Stadthaus building in Cologne from Korea's Mirae Asset Global Investments. The (...)

Listed 05/11/2019

Spanish REIT Arima wins €60m equity offer from Canada's Ivanhoé

Amid a growing trend for private capital to buy into listed real estate, Spain's REIT/SOCIMI Arima has won a €60m subscription offer from Canada's (...)

Listed 31/10/2019

Frankfurt's DIC Asset stock price up 10% after 9mth FFO jumps 40% to €66m

Frankfurt's DIC Asset stock price soared 10% to €12.50 after 9mth FFO jumped 40% to €65.5m following integration of the affiliated GEG group - and has (...)

Office 28/06/2019

GEG German Estate acquires Frankfurt's Palazzo Fiorentino for €50m

GEG German Estate Group, in the process of being merged into Frankfurt's listed DIC Asset, has purchased the 11,000 sqm Palazzo Fiorentino in Frankfurt (...)

Office 05/04/2019

Ulrich Höller steps down as chairman of Frankfurt-based GEG

One of Germany's most high-profile real estate executives, Ulrich Höller, is stepping down as Management Board Chairman of the Frankfurt-based GEG German Estate Group.  Höller is to take over (...)

Office 01/04/2019

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 (...)

Listed 22/01/2019

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 (...)

Listed 06/12/2018

Germany's DIC sells its 14% in TLG for €376m to Ouram

In a transaction worth €376m, Frankfurt-based DIC Asset has signed a sales agreement to sell its entire 14% stake in Berlin peer TLG to (...)

Listed 18/07/2018

Germany's listed TLG replaces co-CEO duo with Overath, Klinck

Listed Berlin commercial real estate group TLG has suddenly dismissed its two chief executives Peter Finkbeiner and Niclas Karoff, and will replace them with (...)

Housing 18/06/2018

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 (...)

Retail 04/04/2018

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 (...)

Listed 12/03/2018

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 (...)

Finance 09/02/2018

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 (...)

Office 20/12/2017

German GEG buys Frankfurt's Japan Center from Commerz Real for €280m

The GEG German Estate Group, privately-held by the domestic Deutsche Immobilien Chancen group and US-based investor KKR, said it has acquired the Japan Center in Frankfurt (...)