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ePaper created 2012-04-27, 18:36:07 | version 1.23.1
W OurOur PORTFOLIO We enlarged our portfolio considerably in 2011: After extended planning phases we were able to open up the expansion to Alt- markt-Galerie Dresden (March), the new triangle in the A10 Center in Wildau (April) as well as the new mall in the Main-Taunus- Zentrum in Sulzbach (November). In Sep- tember we announced the purchase of a new center, the Allee-Center in Magdeburg. In addition, 2011 saw us boost our sharehol- dings in Stadt-Galerie Hameln, City-Galerie Wolfsburg, Rhein-Neckar-Zentrum, Allee- Center Hamm and Rathaus-Center Dessauto to 100% each. Our 15 centers in Germany, two in Poland and one each in Hungary and Austria have a market value of around € 3.6 billion. With over 900,000 m² of leasable area, they offer space for over 2,300 shops. The focus of our investment activities lies firmly in Germany at 89%. The fact that our occupancy rate has remained at a constant level of 99% in the retail sector for over ten years bears witness to the quality of our portfolio. LOCATION, LOCATION, LOCATION We want to offer our tenants the location they need to reach their target group. Yet there are no compromises when it comes to quality: Each of our 19 shopping centers is in its own prime location. The majority of our properties are located in city centers, usually directly connected to the local pedestrian zone. In other words, in the locations which have historically provided a home to the retail sector. We own shopping centers at well-esta- blished locations outside the city limits, as well, which are important outside the region and also have a larger catchment area compa- red to the locations in city centers. Undoubtedly one key factor for the success of an individual property is its transport links: In city centers, we seek out locations close to local public transport hubs such as central bus stops or train stations. The cen- tral bus stations in Passau and Hameln, for instance, are directly incorporated into our shopping centers and in Wuppertal both the central station for the overhead railway and Galeria Baltycka, Gdansk A10 Center,Wildau / Berlin 30 DES Annual Report 2011 THE CENTERS portfolio