German property company DIC Asset said it expects operating profit in 2009 to amount to between EUR 34 mln and EUR 36 mln, assuming that market conditions do not deteriorate further. The Frankfurt-based company this week reported rental income of EUR 134.5 mln in 2008, up 44% on the year-earlier figure of EUR 93.6 mln, thanks to growth in its portfolio and rent increases for existing assets.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
