Our company

Dear Reader, (Picture) Michael Zahn, Chief Executive Officer (Picture)

the financial year 2009 has been completed. You hold in hands the report on an eventful and special year. Competence, transparency, sustainability – these values determine our daily actions. They are what makes us successful and were the driving force for the positive developments of the last few months.

With knowledge, market expertise and foresight – shortly: through competence –, we grew. This competence is concentrated in our operating companies and becomes visible in our value chain: It allows the long-term development of real property by way of efficient investments in the areas of modernisation and restoration according to accepted conservation practices possible. We want our decisions to be comprehensible. Transparency on all levels is a prerequisite for this. We count on proactive communication with our investors as well as the general public; but also the exchange with partners, employees, and not least our tenants is decisive for us.

Especially in the past year defined by the economic crisis, our company strategy designed for the long term has paid off. Our business model and the sound financing of our group build a consistent foundation for our business activity. This guarantees extensive independence from the volatile market situation. However, sustainability not only means responsibility for solid finances, but also towards society and the environment.

In addition, we would like to introduce our most important success factor to you – our employees! Our basic values are concentrated in them: their competence, our transparent cooperation, and the long-term working relationships are our assets – lastingly.

We are on the right path to becoming the innovation leaders on the German housing market. We can look back on a successful year and optimistically forward, for our motto is: Setting standards for tomorrow.

Your sincerely

Michael Zahn, Vorstandsvorsitzender (Signature)

Michael Zahn
Chief Executive Officer

History

My Annual Report

August 2009:
Start of the rehabilitation in the estate Hufeisensiedlung Britz