Deutsche EuroShop: Acquisition of Allee-Center Magdeburg

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Presentation on 16 September 2011

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Deutsche EuroShop: Acquisition of Allee-Center Magdeburg

  1. 1. 09/11feelestate.deACQUISITION OF ALLEE-CENTER MAGDEBURG Presentation on 16 September 2011
  2. 2. Company Center Details  Grand opening: autumn 1998, extension with 40 new shops on one additional level was finished in spring 2006  approx. 51,400 sqm lettable space, thereof 35,000 sqm retail space  approx. 150 shops  Occupancy rate: 99%  Parking: around 1,300  approx. 0.7 million people living in the catchment area  approx. 35.000 visitors every day Acquisition of Allee-Center Magdeburg page 2
  3. 3. Company 15th Shopping Center in Germany, 19th overall Hamburg Berlin Wolfsburg Wildau Hameln Magdeburg Hamm Dessau Wuppertal Kassel Dresden Wetzlar Sulzbach Viernheim Passau Acquisition of Allee-Center Magdeburg page 3
  4. 4. Company Inner City Location Acquisition of Allee-Center Magdeburg page 4
  5. 5. Company Catchment Area / Competition Acquisition of Allee-Center Magdeburg page 5
  6. 6. Company Floorplans 1st Floor Ground Floor Basement (2006 extension) Acquisition of Allee-Center Magdeburg page 6
  7. 7. Company Maturity Distribution of Rental Contracts* vacancy Long-term contracts guarantee rental income Weighted maturity 7.0 years Anchor tenants: 4,600 sqm 3,600 sqm 3,000 sqm 2,200 sqm 1,800 sqm 1,500 sqm *as % of rental income Acquisition of Allee-Center Magdeburg page 7
  8. 8. Company Impressions - Outside Acquisition of Allee-Center Magdeburg page 8
  9. 9. Company Impressions - Inside Acquisition of Allee-Center Magdeburg page 9
  10. 10. Company Financial Details  Deutsche EuroShop buys 50% (share deal)  Effective from 1 Oct./1 Nov. 2011 as the completion of the transaction is subject to approval by the German antitrust authorities  Total investment: approx. €118 million  Debt-free SPV  (preliminary) financing by utilisation of a credit line  Expected annualised rents effective from 2012: €7.8 million  Expected gross yield: 6.7%  Expected net initial yield (NOI): 6.0%  Consolidation: up to the end of 2012 proportionally, from 2013 onwards equity method  No major influence on the updated guidance for 2011 Acquisition of Allee-Center Magdeburg page 10
  11. 11. Company Contact Deutsche EuroShop AG Investor & Public Relations Oderfelder Straße 23 20149 Hamburg Tel. +49 (40) 41 35 79 - 20 / -22 Fax +49 (40) 41 35 79 - 29 Claus-Matthias Böge E-Mail: ir@deutsche-euroshop.com Chief Executive Officer Web: www.deutsche-euroshop.com deutsche-euroshop.com/IRmall facebook.com/euroshop flickr.com/desag slideshare.net/desag Olaf G. Borkers twitter.com/des_ag Chief Financial Officer youtube.com/DeutscheEuroShop Important Notice: Forward-Looking Statements Statements in this presentation relating to future status or circumstances, including statements regarding manage- ment’s plans and objectives for future operations, sales and earnings figures, are forward-looking statements of goals and expectations based on estimates, assumptions Patrick Kiss Head of Investor & Public Relations and the anticipated effects of future events on current and developing circumstances and do not necessarily predict future results. Many factors could cause the actual results to be materially different from those that may be expressed or implied by such statements. Deutsche EuroShop does not intend to update these Nicolas Lissner forward-looking statements and does not assume any Manager Investor & Public Relations obligation to do so. Acquisition of Allee-Center Magdeburg page 11

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