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DES - Online Annual Report 2009

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On 17 July 2009, we invited financial analysts from the institutes currently tracking our share to the 1st Deutsche EuroShop Real Estate Summer in Dresden. Some 20 analysts used the opportunity to find out the latest news from the Executive Board and IR team as well as to see the Altmarkt-Galerie for themselves. On the evening before the event, those participants who had already arrived were treated to a tour of the tourist hotspot that is Dresden city centre as well as a hearty Saxon dinner.

The day of the event began with a series of lectures: Claus-Matthias Böge, Executive Board Spokesman, spoke first to clarify the possible changes to the accounting standards (IAS 31) and their impact on the Company’s statements of financial position and comprehensive income. Then came Steffen Eric Friedlein, Regional Director Leasing (East), ECE, who talked about the rental situation in economically challenging times and explained, among other things, how to emerge from a recession stronger. The final lecture was delivered by Thorsten Kemp, Center Manager at Altmarkt-Galerie, who outlined the past, present and future of the center and focussed particularly on the expansion work that is currently underway and the opportunities that this will bring. Afterwards, there was a tour of the center as well as the construction site, with expert comments from the site management on the current progress of the work, followed by an inspection of the pedestrian zone including an account of the competitive landscape.

Encouraged by the good reception the event enjoyed among the analysts and the positive feedback received, we would like to hold similar events in the future so that we can present the quality of our portfolio and of our individual locations locally as well.

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