GERMAN VERSION

Acquisition Profile

Gazit Immobilien seeks four basic types of commercial properties throughout Germany:


  1.     Fachmarkt centers


  2.     Community and neighborhood grocery anchored shopping centers
        which provide daily essential shopping experience


  3.     City center shopping centers with high profile tenant mix


  4.     Land for retail development in central locations



All types of properties should fulfill the following criteria for acquisition:


  1.     At least 60% of the rental income from the property must be generated
        by retail use


  2.     The minimum value of the investment is EURO 15 Million; there is no
        upper limit


  3.     Suitable catchment area for the size and type of the property


  4.     Sufficient parking spaces for the property


  5.     Centrally located or close to/direct access to highway/motorway network



We will consider any status of leasing or property conditions, as long as the property is well located.

Gazit Immobilien GAZIT Germany Beteiligungs GmbH & Co. KG Alsterarkaden 20 D - 20354 Hamburg