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DES GB2012 E

Floor plan Investments: 100% Leasable space: rd. 55.500 m² Of which retail space: 26.000 m2 Parking: 850 No. of shops: 140 No. of Occupancy rate: 98% Catchment area: 0,5 Purchased by DES: Januar 2013 Grand opening: 1971 Restructuring/Expansion: 1995 Anchor tenants: C&A, H&M, Peek&Cloppenburg, Rewe Herold-Center Berliner Allee 40 22850 Norderstedt Opening hours: Monday – Saturday, 9.30 a.m. to 8 p.m. Sunday shopping in 2013: 1 September, 10 November Public transport: U1, stop Garstedt he Herold-Center in Norderstedt was taken over by Deutsche EuroShop at the beginning of 2013 and is the latest addition to the family of currently 20 shopping centers. The investment volume was approximately €187 million. The center was opened in 1971 and expanded in 1995. This expansion saw the addition of an office building and medical practice as well as a separate multi-storey car park to the exist- ing old building which had previously consisted of a two-storey shopping mall and four high-rise residential buildings. The new annex on the side facing the central bus station built in 2003 gave the Herold-Center its current appearance. T The Herold-Center houses some 140 specialist shops on a retail space of around 26,000 m² over two levels. The center's key ten- ants are three fashion shops (P&C, C&A and H&M) and REWE. A Karstadt department store, which is not owned by Deutsche EuroShop, is also connected to the center. Some 480,000 people live in the shopping center's catchment area, the north portion of which extends far into Schleswig- Holstein. On peak days, the Herold-Center is visited by up to 40,000 customers. The U1 underground line stops directly beneath the center. { 79 } DES ANNUAL REPORT 2012 THE CENTERS Our shopping centers in and around Hamburg