DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset

Commercial Portfolio


Commercial Portfolio

Gathered in our Commercial Portfolio is the real estate that we manage as owners and property asset holders across Germany. They represent predominantly commercial properties in major cities and regional economic centres, the focus being on office use.

The 113 assets currently in our proprietary portfolio generate stable rent revenues from attractive long-term lease agreements. The rent revenues are broadly diversified by region, sector and tenant. These revenues are supplemented by temporary rental income from assets we acquire early on for the start-up portfolios of new investment funds, and that we keep in the Commercial Portfolio for a transition period under our so-called “warehousing” concept. The gross rental return of our real estate portfolio currently equals 6.4%.

Moreover, we optimise our portfolio properties through active letting management, refurbishments and repositioning, thereby generating profits from property disposals out of the Commercial Portfolio in addition to the rent revenues.

As of the key date of 31 Decmber 2017, the real estate assets held in the Commercial Portfolio added up to c. 1.6 billion euros.


Commercial Portfolio overview
(as at 31.12.2017)


2017

2016

Number of properties

113

142

Market value in EUR million

1,639.2

1,948.3

Rental space in sqm

911,600

1,020,400

Annualised rental income in EUR million

95.5

106.3

Rental income in EUR per sqm

9.32

9.56

WALT (years)

5.1

4.5

Vacancy rate in %

9.9

11.8

Gross rental yield in %

6.4

6.5

* all figures without repositioning in the portfolio and warehousing,
except for number of properties and market value


Tenant structure
(by annualised rental income, as at 31.12.2017)

tenant structure


Type of use
(by annualised rental income, as at 31.12.2017)

Type of use


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