Deutsche EuroShop Increases Interests in Main-Taunus-Zentrum

and Rhein-Neckar-Zentrum

Hamburg, October 25, 2005 – Deutsche EuroShop AG increases interests in the Main-Taunus-Zentrum (Sulzbach) and the Rhein-Neckar-Zentrum (Viernheim) effective end of 2005. The stake in the Main-Taunus-Zentrum will increase to 43,1%, the stake in the Rhein-Neckar-Zentrum will increase to 99,8%.

Therewith Deutsche EuroShop, which at present has a stake in 14 European shopping centers, extends its exposure in two of the sales strongest objects of that kind in Germany. The investment volume for both transactions amounts to above Euro 20 million.

The Main-Taunus-Zentrum in Sulzbach was opened in 1964 and is regarded as Europe’s first shopping center. After several refurbishments and expansions it offers today a total sales area of approx. 79,000 sqm. The center with 100 stores and parking for 4,000 cars is located between Frankfurt and Wiesbaden close to the highway A66. The Rhein-Neckar-Zentrum in Viernheim is optimally integrated in the metropolitan area Mannheim-Heidelberg by the highways A5, A6 and A659. Opened in 1972, extended and refurbished in 2002, it offers today approx. 100 shops with a sales area of 60,000 sqm and parking for 3,800 cars.

Both centers are 100% long term let to renowned retailers and are managed by Hamburg based ECE Projektmanagement.

Deutsche EuroShop – The Shopping Center-AG

Deutsche EuroShop AG is the sole German publicly listed real estate company following an investment strategy focused exclusively on shopping centers. The MDAX-company currently holds participations in 14 European shopping centers in Germany, France, Poland, Italy, Austria and Hungary.