Covivio Grundstücks GmbH

Immeo Grundstuecks GmbH, based in Essen, is presented in the annual financial statements as a housing company providing property management services. In the reporting period from 1 October to 31 December 2006 the company generated revenue from property management of EUR 1,445,798.89, derived exclusively from rents and service charge allocations. As of the balance sheet date the company reports share capital of EUR 25,000.00, a capital reserve of EUR 89,812,372.29 and total equity of EUR 90,679,035.56. The company has no own staff; property management services are provided under a service agreement by Immeo Wohnen Service GmbH and the financial statements are included in the consolidated financial statements of Foncière Développement Logement S.A.R.L. The company is a small company under § 267 (1) HGB and is therefore not required to publish a profit-and-loss statement.