Events after the balance sheet date

With effect from 23 September 2010, Deutsche EuroShop AG founded 1. DES Grundbesitz KG, Hamburg with an investment of €10 thousand. On 1 January 2011, this company acquired the Billstedt-Center Hamburg. The acquisition price was €148.4 million and was paid in cash on 30 December 2010. This amount is recognised under other current assets on the balance sheet date. The fair value of the acquired real property on the acquisition date was €156.7 million. The company incurred an excess of identified net assets acquired over the purchase price allocation amounting to €8.3 million.

No further significant events occurred between the balance sheet date and the date of preparation of the financial statements.

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