We enlarged our portfolio considerably in 2011: After extended planning phases we were able to open up the expansion to Altmarkt- 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 September we announced the purchase of a new center, the Allee-Center in Magdeburg. In addition, 2011 saw us boost our shareholdings 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.