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
DIC Asset sees operations turnround, begins funds
Frankfurt-based DIC Asset reported a slight rise in profit in the first quarter, driven by stable rental income, higher earnings from co-investments and a further improvement in the financial result. "Despite the continued difficult market environment, we see a turnaround in our various operating businessess," aid Chairman Ulrich Höller. The group has commenced marketing of the DIC Office Balance Fund, seeded with core properties from its portfolio. However Board Member Jürgen Schäfer told PIE last week that it does not intend to use funds in general for taking over assets it develops. (See upcoming PIE Editions for full story)