DIC Asset, a Germany-based real estate holding company, completed the acquisition of German Estate, a fast-growing, sustainably profitable property investment and asset manager from KKR, an investment company, and TTL Real Estate, a real estate company, for $253m. "GEG perfectly complements our business model and will significantly accelerate our planned growth in the institutional fund business. We are considerably strengthening our investor base and expanding our spectrum of investment products for our clients," Sonja Wärntges, DIC CEO.