12/09
                                        feelestate.de




“Retail - Managing in the
  current environment”
  UBS Glo...
Company I At a Glance


                                                                     16 Centers
            Deutsc...
Development of sales in German retail




UBS GLOBAL REAL ESTATE CONFERENCE | 12/09       3
Deutsche EuroShop I Tenants Structure Top 10 tenants*



                                                                 ...
Deutsche EuroShop I Maturity Distribution of Rental Contracts*



                                                        ...
Consequences for landlords

           Flexibility
             • Rapidity in retail (replaceability)
             • New p...
Expansion of the Altmarkt-Galerie Dresden




            lettable area: additional 32,000 m²
            (currently 44,50...
Consequences for the rent-level

       Example: Altmarkt-Galerie Dresden
            Average rent in 2002 (opening):
    ...
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Deutsche EuroShop "Retail - Managing in the current environment"

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02.12.2009, UBS Global Real Estate Conference, London

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Deutsche EuroShop "Retail - Managing in the current environment"

  1. 1. 12/09 feelestate.de “Retail - Managing in the current environment” UBS Global Real Estate Conference London, 2 December 2009
  2. 2. Company I At a Glance 16 Centers Deutsche EuroShop is Germany’s only listed company that solely invests in shopping centers. 16 shopping centers on high street and in established locations – 12 in Germany, 2 in Poland and one each in Austria and Hungary Lettable space approx. 645,000 sqm Retail shops approx. 1,675 Market value approx. €2.6 billion Rents per year €167 million Occupancy rate > 99% Professional center management by ECE, the European market leader in this industry UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 2
  3. 3. Development of sales in German retail UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 3
  4. 4. Deutsche EuroShop I Tenants Structure Top 10 tenants* Low level of Metro-Group 5.1% dependence on the top 10 tenants Douglas-Group 4.6% Peek & Cloppenburg 2.7% H&M 2.2% Inditex 2.0% New Yorker 1.9% Deichmann 1.9% dm-Drogeriemarkt 1.4% REWE 1.3% Engelhorn & Sturm 1.3% Other O h tenants total 24.4% total 75.6% *in % of total rents as at 31 Dec 2008 UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 4
  5. 5. Deutsche EuroShop I Maturity Distribution of Rental Contracts* Long-term contracts guarantee rental income 2014 et sqq: 69.4% 2009: 2.1% 2010: 2.3% Weighted maturity > 7 years 2011: 10.0% 2012: 12.8% 2013: 3.4% *as % of rental income as at 31 Dec 2008 UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 5
  6. 6. Consequences for landlords Flexibility • Rapidity in retail (replaceability) • New profile of requirements ( p q (size, specific location, etc.) , p , ) • New trends / assortments of goods Creating of • Structures of supply (variety of retail space, etc.) • Add d value f retailers Added l for t il • Overall high quality concept of architecture, variety of shops, quality level and always: focus on the y UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 6
  7. 7. Expansion of the Altmarkt-Galerie Dresden lettable area: additional 32,000 m² (currently 44,500 m²) 90 new shops expansion includes 2,900 m² office space and 5,300 m² for a hotel (signed) Approx. €165 million total investment volume (approx. €82.5 million for DES) opening planned for spring 2011 Nov 2009 pre letting status: approx 50% pre-letting approx. UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 7
  8. 8. Consequences for the rent-level Example: Altmarkt-Galerie Dresden Average rent in 2002 (opening): 25.62 25 62 € per sqm and month Average rent predicted for extension: 30.42 € per sqm and month If you have the right product y you can achieve the right p g price, , even in tough times UBS GLOBAL REAL ESTATE CONFERENCE | 12/09 8

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