Presentation of the webcast:

In the call was mentioned, that we plan a capex program for eight centers. These centers are:

1. Herold-Center Norderstedt
2. Rhein-Neckar-Zentrum Viernheim
3. Billstedt-Center Hamburg
4. Altmarkt-Galerie Dresden
5. Allee-Center Magdeburg
6. Rathaus-Center Dessau
7. City-Arkaden Wuppertal
8. Allee-Center Hamm