German property company DIC Asset said it invested EUR 1.2 bn across 126 properties in 2007, raising its total real estate assets by 71% to EUR 2.2 bn. DIC Asset's revenues came to EUR 236 mln last year, up 113% over the previous year's figure of EUR 111 mln. Rental income grew by 144% to EUR 94 mln from EUR 38 mln a year earlier. The increase in rental income was mostly a result of the significant expansion of the company's real estate portfolio, which now stands at more than 1.2 million m[sup]2[/sup].
Premium subscriber content – please log in to read more or take a free trial.
