IFRS Consolidated Balance Sheet
as of 31 December 2008

ASSETS in € thousands	Notes	31 Dec 2008	31 Dec 2007
ASSETS
Non-current assets
Intangible assets	1.	32	8
Property, plant and equipment	2.	21,199	144,353
Investment properties	3.	1,897,767	1,658,200
Non-current financial assets	4.	30,316	32,851
Investments in equity-accounted associates	5.	3,740	0
Other non-current assets	6.	930	3,802
Non-current assets		1,953,984	1,839,214

Current assets
Trade receivables	7.	2,717	3,179
Other current assets	8.	6,737	21,269
Other financial investments	9.	1,740	3,681
Cash and cash equivalents	10.	41,671	108,993
Current assets		52,865	137,122

Total assets		2,006,849	1,976,336

EQUITY AND LIABILITIES in € thousands	Notes	31 Dec 2008	31 Dec 2007
EQUITY AND LIABILITIES
Equity and reserves
Issued capital		34,375	34,375
Capital reserves		546,213	546,213
Retained earnings		279,862	280,210
Total equity	11.	860,450	860,798

Non-current liabilities
Bank loans and overdrafts	12.	879,078	849,258
Deferred tax liabilities	13.	82,313	64,303
Right to redeem of limited partners	14.	117,320	113,249
Other non-current liabilities	19.	14,941	540
Non-current liabilities		1,093,652	1,027,350

Current liabilities
Bank loans and overdrafts	12.	20,730	46,694
Current trade payables	15.	3,039	8,651
Liabilities to other investees and investors		35	0
Tax provisions	16.	662	520
Other provisions	17.	18,221	25,070
Other current liabilities	18.	10,060	7,253
Current liabilities		52,747	88,188

Total equity and liabilities		2,006,849	1,976,336

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