We celebrated our anniversary in 2010 with a year dominated by growth in our portfolio
In January we acquired the A10 Center in Wildau, and in October we announced the purchase of the Billstedt-Center in Hamburg. This expanded our portfolio to 18 centers. 2010 also saw us increase our shares in the Altmarkt-Galerie in Dresden, City-Point in Kassel, City-Arkaden in Wuppertal and Main-Taunus-Zentrum in Sulzbach. And finally, at the start of 2011, we boosted our stake in the Stadt-Galerie Hameln.
We intend to keep on growing in 2011: our expansion project in Dresden and the development of the Triangle in Wildau were completed in late March and early April. The Main-Taunus-Zentrum extension is expected to open its doors to customers in November. Taking these three projects into account, our portfolio now consists of 14 centers in Germany, two in Poland and one in both Austria and Hungary. These offer a total of 2,170 shops covering an area of 848,800 m2.
At 89%, the focus of our investment activity clearly lies in Germany. As in previous years, we are particularly proud of our consistently high occupancy rate of 99% on average, which shows the quality of our portfolio.