DIC Asset records double digit growth and reduces vacancies
According to preliminary figures, DIC Asset increased its FFO this past year by 13 % to €68mn. In a release, the company particularly emphasizes the value increase of €160mn in their own commercial portfolio. This increase, DIC states, was mainly due to a reduction of the vacancy rate by nearly one quarter to currently 7.2 %, and to an extension of remaining lease terms. Counting transactions throughout the year, the portfolio value rose by €100mn to €1.7bn. Assets under Management across all business units reached a new record level of €5.6bn (+27 %). Earnings from funds business increased by 12.7 % to nearly €32mn.
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