Deutsche Grundstücksauktionen - Lots to admire
Continued buoyancy in H217 has delivered another successful year for Deutsche Grundstücksauktionen (DGA). 2017 saw a double-digit increase in gross turnover comfortably exceed management expectations, while a 7% rise in an already generous dividend would have been significantly greater but for unusually high commission reversals on historic transactions. Positive prospects reflect sustained favourable macro factors and a record start to 2018 thanks to a bumper €15m Berlin auction lot and likely associated payout (surplus cash – DGA has no debt – allows profit to be distributed almost entirely by way of dividend).Deutsche Grundstuecksauktionen AG. Deutsche Grundstuecksauktionen AG is a Germany-based operator of real estate auction houses. The Company operates a network of local agencies and local representatives across Germany. Its services portfolio includes, amonog others, property transfer, contract management, insurance check, vacancy and rental management, re-renting of vacancies, property management, technical facility management, support and supervision of repair and modernization measures, dunning processes, operation costs consulting, handling and monitoring of monetary transaction, rent and costs bookkeeping, administration and accounting of rent deposits and preparation of auction for payment or possession and other legal cases.
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