DIC Asset AG has launched a new institutional real estate fund. Called DIC Office Balance II, the new fund will focus on core office properties in Germany that have long-term leases and are located in metro areas and business centers. The fund was created specifically for two clients: Helaba Invest KAG mbH and SV SparkassenVersicherung. The fund’s target volume will initially be set at €200m.
In addition DIC Office Balance II, DIC has launched two other institutional funds since 2010: DIC Office Balance I, which also focuses on office properties, while DIC HighStreet Balance focuses on retail.
