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DES GB2012 E

THE CENTERS Portfolio t 90 %, the focus of our investment activ- ity clearly lies in Germany. As in previous years, we are particularly proud of our con- sistently high occupancy rate of 99% on average, which is testament to the quality of our portfolio. INDIVIDUAL MASTERPIECES In real estate, and particularly in retail, location has always played a pivotal role. Our ten- ants want to be wherever their customers are. Each of our 20  shopping centers is in its own prime location: the majority of our properties are in city centres, in places where people have been coming together for centuries to ply their trades. Often our centers are immediately adjacent to local pedestrian zones. Our portfolio also includes shopping centers in established out-of-town locations. These are properties that for many years now have represented a welcome change for customers from shopping in the city and they each have inter-regional significance. Right from the very beginning, our focus is on the transport links for each property: 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 situated right alongside our properties. Our new center in Norderstedt, for instance, is built directly above an underground train station. 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 motorways, making them very easy to reach. Parking spaces reserved for women and the disabled are offered as part of the service at all our shopping centers. 3 A ONCE AGAIN IN 2012, OUR PORTFOLIO POSTED STRONG GROWTH: IN NOVEMBER WE ACQUIRED THE HEROLD-CENTER IN NORDERSTEDT. THAT EXPANDED OUR PORTFOLIO TO 20 CENTERS: 16 IN GERMANY, TWO IN POLAND AND ONE IN BOTH AUSTRIA AND HUNGARY. THESE OFFER A TOTAL OF 2,453 SHOPS COVERING AN AREA OF 960.400 M². DOMESTIC INTER- NATIONAL Total No. of centers 16 4 20 Leasable space in m² 806,700 153,700 960,400 No. of shops 1,910 543 2,453 Occupancy rate* 99% 98% 99% Inhabitants in catchment area in millions 13.4 3.5 16.9 *including office space { 49 } DES ANNUAL REPORT 2012