Cash flow from investing activities

Cash additions/disposals of non-current assets during the year are recognised.

During the year under review, expansion investments and investments in portfolio properties totalling € 77.2 million were made.

The purchase price for the Allee-Center Magdeburg of € 118,7 million (including ancillary acquisition costs) was paid in October 2011. Cash and equivalents of € 0.6 million were acquired as part of the transaction. For details of the assets acquired and liabilities assumed, see the detailed notes on the scope of consolidation. The reclassification of cash flows from operating activities in connection with the Billstedt-Center Hamburg acquisition, in the amount of € 156.7 million (shown inclusive of ancillary acquisition costs) is also recognised here, as the purchase price was paid at the end of 2010 but the company was not included in the scope of consolidation until 2011.

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