Business Immo, the real estate website

DIC group

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 (...)

Listed 10/10/2019

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 (...)

Finance 04/10/2019

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 (...)

Listed 01/08/2019

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 (...)

Retail 01/07/2019

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 (...)

Listed 05/06/2019

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 (...)

Listed 06/05/2019

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 (...)

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 20/03/2019

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 (...)

Listed 08/02/2019

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 (...)

Listed 22/01/2019

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 (...)

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 08/01/2019

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 (...)

Office 21/12/2018

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 (...)

Listed 14/12/2018

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 (...)

Office 13/12/2018

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 (...)

Office 01/10/2018

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 (...)

Office 24/09/2018

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 (...)

Office 11/09/2018

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 (...)

Office 31/08/2018

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 (...)