finanzen.net
22.08.2019 07:30
Bewerten
(0)

DGAP-News: DIC Asset AG Presents Future Corporate Structure after Merger with GEG

DGAP-News: DIC Asset AG / Key word(s): Miscellaneous
DIC Asset AG Presents Future Corporate Structure after Merger with GEG

22.08.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset AG Presents Future Corporate Structure after Merger with GEG

  • Institutional business to be pooled under the GEG brand
  • Dirk Hasselbring to transfer to Management Board of GEG and to manage the institutional business together with Christian Bock
  • Sonja Wärntges to chair the Supervisory Board of GEG
  • Growth in assets under management to EUR 10 billion planned for the medium term


Frankfurt am Main, 22 August 2019. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, will announce the future corporate structure of the DIC Group today. Through its merger with GEG German Estate Group AG ("GEG") in June 2019, DIC further strengthened its investment and asset management, which focuses on commercial real estate, and increased its institutional investor base to include additional domestic and international capital providers. On top of that, the takeover strengthens DIC's capacity in the development business considerably.

In future, DIC will pool its third-party investment and asset management activities (the Institutional Business operating segment) under the GEG brand, which will enable it to deliver the entire spectrum of real estate services to institutional investors in a focused and effective approach. Dirk Hasselbring, who has so far served as board member in charge of the investment fund business, will transfer to the Management Board of GEG and join Christian Bock, who has been responsible for setting up and expanding the investment and asset management platforms of GEG since the company's formation in 2015, to jointly manage the institutional business. Sonja Wärntges, CEO of DIC Asset AG, will take over from Ulrich Höller to chair the Supervisory Board of GEG as of 01 October 2019. In the Institutional Business segment, DIC currently has c. EUR 5.3 billion euros under management through its subsidiary GEG. It generates income by structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.

Medium-Term Growth of Assets under Management to EUR 10 Billion
Following the integration of GEG, DIC plans to keep expanding its entire business in Germany. Assets under management across all business divisions are to reach EUR 10 billion in the medium term. DIC already completed transactions in a total amount of c. EUR 1 billion in 2019. In the course of 2019 and beyond, the current dynamic of buying and selling real estate is to be maintained. By the end of the year, DIC therefore expects the assets under management to have grown to c. EUR 7.5 billion (up from EUR 7.1 billion as of the key date of 30 June 2019).

"The merger is being implemented successfully. With the company now restructured, we intend to strengthen the institutional business via the GEG brand and to keep expanding it," commented Sonja Wärntges, CEO of DIC.

"We look forward to the task of taking GEG into the future together. Our just expanded spectrum of real estate services enables us to offer bespoke investment solutions to our clients, which our experienced real estate teams will efficiently structure and implement, using their local market know-how," added Christian Bock and Dirk Hasselbring.
 

About DIC Asset AG:

With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has 175 assets with a combined market value of c. EUR 7.1 billion under management (as of 30/06/2019). Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

In its Commercial Portfolio division (EUR 1.8 billion in assets under management), DIC Asset AG acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio.

In the Institutional Business division (EUR 5.3 billion in assets under management), DIC Asset AG generates income from structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.

DIC Asset AG has been listed in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.

 

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de



22.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1492
Fax: +49 69 9454858-9399
E-mail: ir@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN: A1X3XX, A12T64, A2GSCV, A2NBZG
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 860911

 
End of News DGAP News Service

860911  22.08.2019 

fncls.ssp?fn=show_t_gif&application_id=860911&application_name=news&site_id=smarthouse

Nachrichten zu DIC Asset AG

  • Relevant
    1
  • Alle
    1
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu DIC Asset AG

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
16.09.2019DIC Asset buyBaader Bank
06.08.2019DIC Asset NeutralOddo BHF
01.08.2019DIC Asset kaufenDZ BANK
01.08.2019DIC Asset HoldBaader Bank
23.07.2019DIC Asset HoldBaader Bank
16.09.2019DIC Asset buyBaader Bank
01.08.2019DIC Asset kaufenDZ BANK
03.07.2019DIC Asset kaufenDZ BANK
08.02.2019DIC Asset kaufenDZ BANK
06.12.2018DIC Asset kaufenDZ BANK
06.08.2019DIC Asset NeutralOddo BHF
01.08.2019DIC Asset HoldBaader Bank
23.07.2019DIC Asset HoldBaader Bank
03.07.2019DIC Asset HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
03.05.2019DIC Asset HoldBaader Bank
22.07.2008DIC Asset DowngradeMorgan Stanley
18.01.2008DIC Asset DowngradeMorgan Stanley

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für DIC Asset AG nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen
Werbung
Werbung
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX stabil -- SAF-Holland senkt Jahresprognose -- ifo-Geschäftsklima steigt erstmals seit sechs Monaten -- Britischer Supreme Court: Parlaments-Zwangspause rechtswidrig -- EVOTEC, LVMH, K+S im Fokus

Deutsche-Bank-Investor geht wohl selbst auf Suche nach Achleitner-Nachfolger. Commerzbank-Chef Zielke erwartet Marktbereinigung. US-Klage wegen Abgas-Manipulation verfolgt BMW und Bosch weiter. AB InBev schafft IPO der Asien-Tochter im zweiten Anlauf. Commerzbank will neuen Finanzvorstand offenbar aus eigenen Reihen holen.

Die 5 beliebtesten Top-Rankings

Apple nicht mehr Platz 1
Das sind die wertvollsten Unternehmen der Welt 2019
Die wertvollsten Fußballvereine der Welt 2019
Welcher Club ist am wertvollsten?
Die 12 toten Topverdiener 2019
Diese Legenden sind die bestbezahlten Toten der Welt
Die erfolgreichsten Kinofilme der letzten 25 Jahre
Welche Titel knackten die Milliardenmarke an den Kinokassen?
Big-Mac-Index
In welchen Ländern kostet der Big Mac wie viel?
mehr Top Rankings

Umfrage

Die Bundesregierung hat ein Milliarden-Paket für den Klimaschutz beschlossen. Glauben Sie an dessen Wirksamkeit?

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Wirecard AG747206
NEL ASAA0B733
Deutsche Bank AG514000
CommerzbankCBK100
Thomas CookA0MR3W
Daimler AG710000
TUITUAG00
K+S AGKSAG88
EVOTEC SE566480
Microsoft Corp.870747
Ballard Power Inc.A0RENB
Amazon906866
Apple Inc.865985
Infineon AG623100
BASFBASF11