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ePaper created 2014-04-29, 17:58:02 | version 1.30.00
In 2013, there was again movement in our portfolio: in May, we managed to increase our share in the Altmarkt-Galerie Dresden, one of the most successful shopping centers on our books, to 100%. In August, we disposed of our investment in the Galeria Dominikanska in Wroclaw/ Poland, in which we had previously held a one-third stake. As a result, our portfolio now comprises 19 properties: 16 centers in Germany and one each in Poland, Austria and Hungary. These offer an area of 927,500 m² for a total of 2,350 shops. zones. Our portfolio also includes shopping centers in es- tablished out-of-town locations. These properties offer customers a welcome change from shopping in the city and they each have a reputation that extends well beyond the region. Right from the beginning, our focus in any investment process is on the transport links for the center in ques- tion: in city centres, we seek out locations close to local public transport hubs. These might be central bus sta- tions, which in Hameln and Passau, for example, are right alongside our properties. The Herold-Center Norderstedt is built directly above an underground train station, while a major bus station with numerous connecting services is located right in front of the main entrance. What is more, all our centers have their own parking facilities that offer visitors convenient and affordable parking, even in city centres, thereby ensuring good accessibility by car. Our out-of-town properties offer a large number of free parking spaces. These particular locations are alongside motor- ways, making them very easy to reach, like the Rhein-Neckar- Zentrum by theViernheimer Kreuz junction. Parking spaces reserved for women and the disabled are offered as part of the service at all our shopping centers. At 91%, the focus of our invest- ment activity clearly lies in Ger- many. As in previous years, we are particularly proud of our con- sistently high average occupancy rate of 99%, which is testament to the quality of our portfolio. Location, location, location In real estate, and particularly in retail, loca- tion has always played a pivotal role. Our ten- ants want to be wherever their customers are. Each of our 19 shopping centers repre- sents a prime location: the majority of our properties are in city centres, in places where people have been coming together for centu- ries to ply their trades. Often our centers are immediately adjacent to local pedestrian The bus station in Norderstedt is integrated into the Herold-Center for customers’ convenience. A Domestic International Total No. of centers 16 3 19 Leasable space in m² 806,700 120,800 927,500 No. of shops 1,910 443 2,353 Occupancy rate* 99% 99% 99% Inhabitants in catchment area in millions 13.4 2.5 15.9 * including office space DEUTSCHEEUROSHOPANNUALREPORT2013/THECENTERS 053