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 108 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 30 September 2018, the real estate assets held in the Commercial Portfolio added up to c. 1.6 billion euros.


Commercial Portfolio overview
(as at 30.09.2018)*

  Q3 2018 Q3 2017

Number of properties

103 114

Market value in EUR million

1,576.1 1,531.9

Rental space in sqm

906,300 939,300

Annualised rental income in EUR million

97.9 96.1

Average rental income in EUR per sqm

9.61 9.44

WALT (years)

5.1 4.5

Vacancy rate in %

8.4 11.7

Gross rental yield in %

6.4 6.3
* all figures without project developments and warehousing,
except for number of properties, market value and rental space



Tenant structure
(as at 30.09.2018)

Tenant structure