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DES - Online Annual Report 2008

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An overview

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My Annual Report

An overview (Picture)

We celebrated the opening of two new locations in 2008: In March, the Stadt-Galerie Hameln welcomed its first visitors and the Stadt-Galerie Passau followed in September. All 16 shopping centers in our portfolio are now open for business.

  Germany Abroad Total
No. of centers 12 4 16
Leasable space in m2 491,400 153,300 644,700
No. of shops 1,125 550 1,675
Occupancy rate including office space 99% 100% 99%
Inhabitants in catchment area in mio. 9.8 3.3 13.1

Our shopping centers, which include twelve in Germany, two in Poland, and one each in Austria and Hungary, provide space for a total of 1,675 stores in a rental space of 644,700 m². We are especially proud to note that we currently have a rental rate of over 99%, which has been at this level consistently for many years. With a 84% the focus of our investments clearly lies in Germany.

Tailor-made individual

Shoppingcreations center (Picture)

Each of our shopping centers is specifically designed to suit its particular environment....

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Right where the action is

Child (Picture)

In our culture the marketplace has been the central location for the society for centuries...

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Thinking about tomorrow today

Shoppingcenter (Picture)

The topic of environmental protection plays a vital role for us.

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Flexibility with the future

Shoppingcenter (Picture)

For several years now there has been a growing demand in the retail market for...

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Optimal accessibility

Shoppingcenter (Picture)

An additional success factor with our shopping centers is the fact that...

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Strategic choice of location

Shoppingcenter (Picture)

The total catchment area for our shopping centers is 13.1 million people...

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Growth in Hameln and Passau

Shoppingcenter (Picture)

In celebrating the openings of the Stadt-Galeries in Hameln and Passau we were joined by...

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Our top 10 tenants

Shoppingcenter (Picture)

With a 5.1% share, the Metro Group is our largest tenant....

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Long-term rental agreements

Shoppingcenter (Picture)

We generally sign agreements of over 10 years with our tenants...

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External management of shopping centers

Shoppingcenter (Picture)

Management of our 16 shopping centers has been entrusted to our partner ECE Projektmanagement

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Lease optimisation

Shoppingcenter(Picture)

The primary task of the center management is to put together a customised retail mix...

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Retail mix

Shoppingcenter (Picture)

The retail mix provides each of our shopping centers a unique character...

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Who‘s Who in the retail business

Shoppingcenter (Picture)

It is our tenants who are primarily responsible for the success of our shopping centers...

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Shopping in perfection

Shoppingcenter (Picture)

While each business in the German city centres has its own business hours...

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