PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Germany's DIC Asset holds profit/asset base in 1H09, keeps full-year forecast
Frankfurt-based DIC Asset in the first half showed a slight rise in net profit to e6.1m on an unaltered asset base of e2.2bn. FFO was 6% lower than in 1H08 but the firm said it is positioned well for the second half; its full-year FFO forecast remains unchanged at e34m-e36m. "DIC Asset prepared for difficult times at an early stage," said Chairman Ulrich Höller. But DIC is left to fund the Frankfurt MainTor project alone after Morgan Stanley pulled out.