Results after three quarters in 2011

5 October 2011, Berlin.
The positive trend in the real estate market has continued in the third quarter of 2011 and has resulted in a significant increase in the revenue of our companies, the property turnover, and the commission revenue.

Deutsche Grundstücksauktionen AG (DGA) and its subsidiary companies, market leader for real estate auctions in Germany, have sold a total of 1,689 properties with a value of approx. € 74.5 million in the first three quarters of 2011 (previous year: 1,610 properties with a value of approx. € 66.8 million) which is equivalent to an increase in property revenue of more than 11 per cent.

The adjusted net revenue from commissions even increased by more than 20 per cent to € 8.25 million (compared to € 6.8 million in the previous year).

In total, 87 per cent of all properties put up for auction in the first nine months were sold.

We predict the stable demand for property value to also continue for the fourth quarter of 2011.