Corporate News

Deutsche EuroShop purchases shopping center in Passau (Bavaria)

Deutsche EuroShop AG / Miscellaneous



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Deutsche EuroShop purchases shopping center in Passau (Bavaria)

Hamburg, 18 December 2006 – Deutsche EuroShop has acquired a 75% 
interest in the Stadt-Galerie Passau in Bavaria. The proportional 
investment volume amounts to around EUR 95 million. Investment 
partner is the ECE Group, which is also responsible for planning, 
development, leasing and center management. With this investment 
Deutsche EuroShop again overachieved its annual growth target.

The Stadt-Galerie has been under construction since October 2006 
and is scheduled to open in autumn 2008. The shopping center will 
offer approx. 95 specialized shops on three levels. Nearly two 
years before the grand opening over 70% of the space has already 
been leased to well-known retailers. A specialist consumer 
electronics retailer and a large fashion house are the center’s 
anchor tenants. Approx. 470 parking spaces will be available to 
customers in the shopping center’s parking garage.

The Stadt-Galerie Passau is being built in the so called 'New 
Centre' of Passau, directly at the central bus station and close 
to the main station. The shopping center in the centre of the 
three river city Passau will be easily accessible via a four-lane 
road. The location can be easily approached: an excellent road 
network runs directly to the city centre. Approximately 410,000 
people live in the center’s catchment area.

Deutsche EuroShop – The Shopping Center Company
Deutsche EuroShop is Germany’s only public company, that invests 
solely in shopping centers in prime locations. The MDAX-listed 
Company currently has equity interests in 17 European shopping 
centers in Germany, Austria, Hungary, Italy and Poland.


Facts & Figures of the Stadt-Galerie

Location                 Passau
Investment of DES        75.0%
Retail space in sqm      approx. 21,000
Parking                  approx. 470
Number of shops          approx. 95
Occupancy rate           >70%
Catchment area           0.4 million inhabitants
Planned opening          Autumn 2008





DGAP 18.12.2006 
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Language:     English
Issuer:       Deutsche EuroShop AG
              Oderfelder Straße 23
              20149 Hamburg Deutschland
Phone:        +49 (0)40 413 579-0
Fax:          +49 (0)40 413 579-29
E-mail:       ir@deutsche-euroshop.de
WWW:          www.deutsche-euroshop.de
ISIN:         DE0007480204
WKN:          748020
Indices:      MDAX
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf,
              Stuttgart
 
End of News                                     DGAP News-Service
 
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