July 23, 2014 5:10 AM ET

Real Estate Management and Development

Company Overview of Deutsche Immobilien Chancen AG & Co. KGaA

Company Overview

Deutsche Immobilien Chancen AG & Co. KGaA operates as a commercial real estate market investor in Germany. The company specializes in commercial real estate transactions. Its business activities include portfolio and asset management, as well as project development and opportunistic investments. The company was founded in 1998 and is based in Frankfurt am Main, Germany.

Eschersheimer Landstraße 223

Frankfurt am Main,  60320

Germany

Founded in 1998

Phone:

49 69 27 40 33 0

Fax:

49 69 27 40 33 69

Key Executives for Deutsche Immobilien Chancen AG & Co. KGaA

Chairman of Management Board and Chief Executive Officer
Age: 48
Chief Financial Officer and Member of Management Board
Age: 43
Chief Operating Officer and Member of Management Board
Age: 45
Compensation as of Fiscal Year 2014.

Deutsche Immobilien Chancen AG & Co. KGaA Key Developments

Deutsche Immobilien Chancen and DIC Asset AG Announce Two Major Letting Contracts for 17,000 Sqm at MainTor Quarter in Frankfurt

DIC Deutsche Immobilien Chancen announced two major prelettings of 17,000 sqm in the MainTor quarter in Frankfurt. This  great letting success is also good news for DIC Asset AG, which holds a 40% stake in the MainTor quarter. At the turn of the year, DIC achieved another two significant marketing successes in its development of the MainTor Quarter in Frankfurt's financial district: CMS Hasche Sigle has rented more than 9,000 sqm in the 'MainTor Panorama' office building (which represents around 70% of the rental space there) and will vacate its current premises in Frankfurt's Westend district (Barckhausstrasse 12-16) by mid-2015. Union Asset Management Holding AG (Union Investment) has rented another 8,000 sqm at 'MainTor Porta' and will thus occupy the entire lettable area in this office property. A year ago, the company already signed a rental agreement for nearly 14,000 sqm in the building. The major letting contracts with CMS Hasche Sigle and Union Investment ensure that another important prerequisite for a profitable realisation of the two construction stages 'Panorama' and 'Porta' is in place. Accordingly, the development of the city quarter ('MainTor - The Riverside Financial District') is progressing at a brisk pace: Around 60% of the project volume are already in the realisation stage, well ahead of schedule. DIC Asset AG acts as co-investor and holds a 40% interest in the development of the quarter.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 5, 2013
MainTor Porta Office Building
Merger/Acquisition
November 13, 2013
Real Estate Portfolio Comprising 54 Properties
 

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