DOCSLIB.ORG

Key Figures 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Key Figures 2020 Q4 ANNUAL REPORT 2020 Key Figures 2020 Profit and Loss statement For the year ended For the three months ended In EUR thousand 31 Dec 2020 31 Dec 2019 31 Dec 2020 31 Dec 2019 Income from rental activities 383,906 141,572 117,793 34,078 EBITDA from rental activities 187,014 91,997 53,244 19,622 EBITDA from rental activities margin 63.7% 68.6% 59.1% 60.5% EBITDA total 247,349 95,887 89,639 20,051 FFO 1 (from rental activities) 107,128 63,173 32,390 12,812 FFO 2 (incl. disposal results and development activities) 126,654 64,982 52,984 13,241 Further KPIs Residential(*) 31 Dec 2020 31 Dec 2019 Monthly in-place rent (EUR per m2) EUR 6.30 EUR 6.19 Total vacancy rate 3.4% 4.0% Number of units 69,722 75,721 Like-for-like rental growth 2.2% 3.3% Balance sheet In EUR thousand 31 Dec 2020 31 Dec 2019 Fair value of properties 11,430,611 3,670,023 LTV 53.4% 23.2% EPRA NAV 5,213,874 2,923,601 EPRA NAV per share (EUR) 44.37 66.15 EPRA NRV 6,037,159 3,247,784 EPRA NRV per share (EUR) 51.38 73.49 (*) All values include ground floor commercial units and exclude units under renovation and development projects. 2 Adler Group Annual Report 2020 Adler Group Annual Report 2020 3 We want to ensure people have the living space they need – today and tomorrow. We provide affordable contemporary housing and create new visionary real estate projects that are fit for the future. adler-group.com 4 Adler Group Annual Report 2020 Adler Group Annual Report 2020 5 Content 1 To our Shareholders 08 About the Company 10 Key Facts & Figures 12 The Senior Management 14 Letter from the Co-CEOs 18 Milestones 2020 26 Business Model 38 Highlight projects 44 Adler Group Share 46 Corporate Governance Report 57 Summary Remuneration Report 60 Opportunities and Risk Report 2 Combined Management Report 82 Fundamentals of the Group 95 Economic Review 104 Material Events in the Reporting Period and Subsequent Events 110 Forecast Report 111 Responsibility Statement 3 Consolidated Financial Statements 114 Report of the Réviseur d’Entreprises agréé 120 Consolidated Statement of Financial Position 122 Consolidated Statement of Profit or Loss 123 Consolidated Statement of Comprehensive Income 124 Consolidated Statement of Cash Flows 126 Consolidated Statement of Changes in Equity 128 Notes to the Consolidated Financial Statements 4 Annual Accounts 234 Report of the Réviseur d’Entreprises agréé 240 Balance Sheet 242 Profit and Loss Account 243 Notes to the Annual Accounts 5 Financial Calendar & Imprint 6 Adler Group Annual Report 2020 Adler Group Annual Report 2020 7 1 TO OUR SHAREHOLDERS 1 TO OUR SHAREHOLDERS About the Company About the Company Welcome to the Adler Group The Adler Group is a leading German housing compa- Our leadership in pioneering technical matters and con- ny. With 70,000 residential units throughout Germany sistently pursuing excellence through sustainability both and a development pipeline of approximately 10,000 play an essential role in how we have positioned our- new flats in Germany’s top 7 cities, we are a top player selves as a trusted long-term partner for our tenants, our on the German real estate market and actively shape employees and our stakeholders and how we have be- its present and future. We want to ensure people have come a constant in the German real estate market. As a the living space they need – today and tomorrow. That brand with a long tradition in Germany, we consider our- is why we provide affordable contemporary housing selves an important part of the society and are commit- and realise new visionary real estate projects that are ted to the communities we operate in. fit for the future. We want to ensure people have the living space they need – today and tomorrow. That is why we provide sus- tainable, modern housing and realise new visionary real estate projects that are fit for the future. RESIDENTIAL RENTAL DEVELOPMENT PIPELINE PORTFOLIO 69,722 10,000 units units 8 Adler Group Annual Report 2020 Adler Group Annual Report 2020 9 1 TO OUR SHAREHOLDERS 1 TO OUR SHAREHOLDERS Key Facts & Figures Key Facts & Figures What the RESIDENTIAL RENTAL DEVELOPMENT PIPELINE Numbers say PORTFOLIO Key facts & figures 69,722 10,000 units units FAIR VALUE INVESTMENT AVERAGE RESIDENTIAL RENT AVERAGE RESIDENTIAL RENT PROPERTY TOP 13 CITIES TOTAL 11.4 6.54 6.30 billion EUR EUR/m²/month EUR/m²/month EPRA NRV RESIDENTIAL RENTAL DEVELOPMENT PIPELINE PORTFOLIO 6,037 4.4 m +900,000 million EUR m2 m2 10 Adler Group Annual Report 2020 Adler Group Annual Report 2020 11 1 TO OUR SHAREHOLDERS 1 TO OUR SHAREHOLDERS The Senior Management The Senior Management Trusted for Thierry Beaudemoulin has worked for real estate companies in France, the Netherlands, Belgium and Spain. In Ger- the Future many, he was CEO of Covivio Germany and CEO of ADO before merging ADO with ADLER Real Estate. Mr Beaudemoulin Our Senior Management has been working in real estate for more than 25 years. Thierry Beaudemoulin Co-CEO Maximilian Rienecker Co-CEO Sven- Maximilian Rienecker is one of the former Christian Co-CEOs of ADLER Real Estate. Originally from Hamburg, Mr Rienecker has worked Frank in finance in many places around the globe, including assignments with ING In- CLO vestment Management in Hong Kong and various parts of Europe. Sven-Christian Frank, attorney at law, me- diator (DAA), has gathered over 25 years of experience in real estate and asset management – working in leading roles at renowned companies like Deutsche Real Estate AG. For the past 5 years, Mr Frank has been a member of the board of ADLER Real Estate. 12 Adler Group Annual Report 2020 Adler Group Annual Report 2020 13 1 TO OUR SHAREHOLDERS 1 TO OUR SHAREHOLDERS Letter from the Co-CEOs Letter from the Co-CEOs Letter from the Co-CEOs Dear Investors, When the formation of the Adler Group began in the clos- After the successful consolidation with ADLER Real ing months of 2019, who could have possibly foreseen the Estate and Consus Real Estate, Adler Group is now massive upheavals and the scale of economic turbu lences strongly positioned as a fully integrated residential real the following year would bring? In 2020, the planet was estate platform that manages 70,000 residential units. gripped by a pandemic that swept across the globe, crip- This makes us one of pling countries and slowing economies, changing our Germany’s top housing lives and perceptions of the world we live in. providers. With the ac- quisition of Consus, we Yet despite such daunting challenges and unpredictable now have access to a “Adler Group is now circumstances, we at Adler Group not only managed to significant development strongly positioned as meet our targets but even exceeded our expectations, pipeline and are plan- a fully integrated real thereby paving the way for long-term, sustainable ning to build 10,000 ad- estate platform growth. Our strong performance despite pandemic- ditional residential units managing 70,000 related turbulences demonstrates the resilience and in the top 7 German cit- residential units. futureproof nature of our business model: corona- ies over the next 10 This makes us one relatedrent deferrals remained at the very low rate of years. This will allow us of Germany’s top only 1.3% across our residential portfolio. to provide a substantial housing providers.” contribution to help com- The pandemic has had a huge impact on people’s bat Germany’s housing private lives as well as their lives in the workplace. shortage through affordable and sustainable modern How was Adler Group positioned to deal with homes, while at the same time generating organic and these challenges? profitable growth for years to come. Our focus on the development of large and innovative neighbourhoods Thierry Beaudemoulin: For us, one thing was clear will further enhance our efficiency with regard to the from the very start: the health and safety of our employ- management of our portfolio, which will in turn lead to ees must always come first. Wherever it was possible, higher margins and improved profitability. we offered opportunities to work from home. In addi- tion, we modified our offices to ensure that working The strength of our business model and our stable posi- from them was safe. But at the end of the day, it was our tion in the market is clearly reflected in our company’s fig- employees who really made this whole thing work. ures: our overall like-for-like rental growth has reached an Everyone showed tremendous team spirit and solidarity excellent 2.2%. As expected, due to Berlin’s rent freeze in these truly unprecedented times. regulation, like-for-like rental growth in the capital was 14 Adler Group Annual Report 2020 Adler Group Annual Report 2020 15 1 TO OUR SHAREHOLDERS 1 TO OUR SHAREHOLDERS Letter from the Co-CEOs Letter from the Co-CEOs negative at 0.7% and was compensated for by our portfolio All of these successful developments enabled us to meet our staff and managers and by providing attractive sure since we are putting together our integrated outside of Berlin which in total generated a solid 3.9% our guidance. We were able to increase our net rental and secure jobs. real estate value chain while constantly focusing on growth. Meanwhile, the rent freeze did not affect the valua- income from EUR 134.1 million in 2019 to EUR 293.4 mil- • We are reaffirming our identity as partners to the our motto: “more future per m2”.
Load more

Recommended publications
  • Für Freiheit Und Demokratie
    Bernd Eisenfeld/Rainer Eppelmann/ Karl Wilhelm Fricke/Peter Maser Für Freiheit und Demokratie 40 Jahre Widerstand in der SBZ/DDR Wissenschaftliche Dienste Archiv für Christlich-Demokratische Politik 2 Bernd Eisenfeld/Rainer Eppelmann/Karl Wilhelm Fricke/Peter Maser Für Freiheit und Demokratie 40 Jahre Widerstand in der SBZ/DDR 3 ISBN 3-931575-99-3 Herausgeber: Konrad-Adenauer-Stiftung e.V. Wissenschaftliche Dienste 4 INHALT Vorwort ... 7 Karl Wilhelm Fricke: Widerstand und politische Verfolgung in der DDR ... 9 Peter Maser: Die Rolle der Kirchen für die Opposition ... 20 Bernd Eisenfeld: Stasi-Methoden in den achtziger Jahren bei der Bekämpfung widerständiger Erscheinungen ... 33 Rainer Eppelmann: Stiftung zur Aufarbeitung der SED-Diktatur ... 44 5 6 Vorwort Seit 1991 veranstaltet das Archiv für Christlich-Demokratische Politik der Konrad-Adenauer- Stiftung jährlich eine Tagung zum Thema ”Widerstand und Verfolgung in der SBZ/DDR. Das achte ”Buchenwald-Gespräch” fand Ende Oktober 1998 in Berlin in Verbindung mit der Gedenkstätte Hohenschönhausen statt. Hohenschönhausen ist ein authentischer Ort der kommunistischen Willkürjustiz und politischen Strafverfolgung. Die Gebäude der ehemaligen Großküche wurden nach Kriegsende von der sowjetischen Besatzungsmacht als Internierungslager für NSDAP- Mitglieder und NS-Verdächtige genutzt. Nach Auflösung des ”Speziallagers Nr. 3” diente Hohenschönhausen als zentrales sowjetisches Untersuchungsgefängnis für politisch- ideologische Gegner. 1950 richtete dort das Ministerium für Staatssicherheit eine zentrale Untersuchungshaftanstalt für politische Häftlinge ein. Der Rundgang unter Führung ehemaliger Häftlinge ließ die bedrückende Atmosphäre, Isolation und seelische Zermürbung lebendig werden, der die Insassen ausgesetzt waren. Im Mittelpunkt der Vorträge stand die Verfolgung der Regimegegner durch die SED in den fünfziger, siebziger und achtziger Jahren. Eine Auswahl der Beiträge ist in dieser Broschüre abgedruckt.
    [Show full text]
  • German Post-Socialist Memory Culture
    8 HERITAGE AND MEMORY STUDIES Bouma German Post-Socialist MemoryGerman Culture Post-Socialist Amieke Bouma German Post-Socialist Memory Culture Epistemic Nostalgia FOR PRIVATE AND NON-COMMERCIAL USE AMSTERDAM UNIVERSITY PRESS German Post-Socialist Memory Culture FOR PRIVATE AND NON-COMMERCIAL USE AMSTERDAM UNIVERSITY PRESS Heritage and Memory Studies This ground-breaking series examines the dynamics of heritage and memory from a transnational, interdisciplinary and integrated approaches. Monographs or edited volumes critically interrogate the politics of heritage and dynamics of memory, as well as the theoretical implications of landscapes and mass violence, nationalism and ethnicity, heritage preservation and conservation, archaeology and (dark) tourism, diaspora and postcolonial memory, the power of aesthetics and the art of absence and forgetting, mourning and performative re-enactments in the present. Series Editors Ihab Saloul and Rob van der Laarse, University of Amsterdam, The Netherlands Editorial Board Patrizia Violi, University of Bologna, Italy Britt Baillie, Cambridge University, UK Michael Rothberg, University of Illinois, USA Marianne Hirsch, Columbia University, USA Frank van Vree, NIOD and University of Amsterdam, The Netherlands FOR PRIVATE AND NON-COMMERCIAL USE AMSTERDAM UNIVERSITY PRESS German Post-Socialist Memory Culture Epistemic Nostalgia Amieke Bouma Amsterdam University Press FOR PRIVATE AND NON-COMMERCIAL USE AMSTERDAM UNIVERSITY PRESS Cover illustration: Kalter Abbruch Source: Bernd Kröger, Adobe Stock Cover
    [Show full text]
  • The Adler Group
    Results presentation Berlin, 30 November 2020 Adler Group | Third quarter results 2020 Welcome to the Adler Group Well diversified €14.6bn pan German Adler in short Driving future growth residential real estate portfolio Rental units1 EPRA NAV Adler is a pure play German residential company with a unique development Schleswig-Holstein Mecklenburg- pipeline, striving to deliver sustainable 1,803 Western Pommerania 70,741 €45.27 1,015 Hamburg In operation Per share shareholder value by: Lower Saxony 2,000 Brandenburg 15,631 Bremen 1. Managing the core portfolio to grow earnings 3,703 1,516 and improve EBITDA margins Saxony- Berlin Average rent/ month1 LTV - Like for like rental growth Anhalt 1,000 19,193 - Reduction in vacancies 3,877 North Rhine-Westphalia €6.55 53.0% 2. Optimising the portfolio and recycling capital 4,000 12,165 Saxony 2 2 Per m in top 13 Pro-forma through selective acquisitions and sales Thuringia 9,617 Hesse 1,938 3. Adding value through development and 2,000 Development Portfolio residential units Vacancy1 FFO I modernisation – driving organic growth - Elevating quality of portfolio other units Portfolio of residential - Improving energy efficiency 283 rental units 2.5% €1.06 4. Simplifying capital structure Baden- Of top 13 rental portfolio Per share - Reducing LTV (mid term target 50%) Wuerttemberg - Targeting investment grade rating 1,500 - Reducing cost of debt 2 1 Calculated based on rental units in operation, hence excluding units under renovation and development projects 2 Pro-forma for the disposal of non-core
    [Show full text]
  • The Grounds Real Estate Development AG Annual Report 2018
    Annual Report 2018 Indicators Group indicators 2018 2017 2 3 Sales revenues €000 31,104 18,945 Earnings before interest and taxation (EBIT) €000 8,646 1,355 Consolidated profits €000 4,188 1,197 Earnings per share EUR 0.23 0.08 Balance sheet total €000 56,368 27,953 Capital assets €000 11,299 2,515 Equity €000 12,558 7,438 Equity ratio % 22.3 26.6 Financial debts €000 18,839 4,001 Cash flow from current business activities €000 -11,025 -15,822 Cash flow from investment activities €000 -7,065 -668 Cash flow from financing activities €000 18,028 18,747 Staff 9 4 Portfolio indicators 2018 2017 Investment volume – 31/12/2018 (pr. year until 15/05/2018) €000 50,000 38,000 Plot size m2 631,781 308,128 Usable area m2 167,356 101,729 The Grounds on the capital market 2018 2017 Market capitalisation (always per 31/12) €000 31,419 32,114 Share capital €000 15,105 15,105 Closing price EUR 2.08 2.13 Lowest price EUR 1.68 2.05 Highest price EUR 2.50 3.54 ISIN DE000A2GSVV5 Segment Primary market Düsseldorf Indicators Letter to the Shareholders Portfolio / Properties Report of the Supervisory Board Group Management Report 2018 Consolidated annual accounts Opinion of the Independent Auditor Imprint 2 Contents 2 Indicators 3 4 Letter to the Shareholders 7 Portfolio / Properties 12 Report of the Supervisory Board 16 Group Management Report 2018 42 Consolidated annual accounts 90 Opinion of the Independent Auditor 99 Imprint Letter to Shareholders Dear shareholders, dear friends of The Grounds, The financial year 2018 was very successful for The flow, we have worked internally with all our might on 4 Grounds Real Estate Development AG.
    [Show full text]
  • Major Cultural Commemorations and the Construction of National Identity in the GDR, 1959-1983
    Major Cultural Commemorations and the Construction of National Identity in the GDR, 1959-1983 David Joseph Zell A thesis submitted to the University of Birmingham for the degree of Doctor of Philosophy Department of Modern Languages The University of Birmingham October 2017 1 University of Birmingham Research Archive e-theses repository This unpublished thesis/dissertation is copyright of the author and/or third parties. The intellectual property rights of the author or third parties in respect of this work are as defined by The Copyright Designs and Patents Act 1988 or as modified by any successor legislation. Any use made of information contained in this thesis/dissertation must be in accordance with that legislation and must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the permission of the copyright holder. Major Cultural Commemorations and the Construction of National Identity in the GDR 1959-1983 Abstract My thesis asks whether cultural commemorations helped the GDR to build a distinct national identity, and examines the role of political and cultural actors involved in them. Covering different strands of German cultural heritage, the aims, implementations and outcomes of anniversary commemorations are investigated as a longitudinal series of case-studies: Schiller (1959); Kollwitz (1967); Beethoven (1970); and Luther (1983). Substantial evidence from largely unpublished sources exposes recurring gaps between the theory and practice of these commemorations, essentially attributable to manifest examples of agency by commemoration stakeholders. Each commemoration produced some positive legacies. But driven mainly by demarcation motives versus West Germany, the appropriation of these German cultural icons as socialist role-models to promote national identity was mostly unsuccessful in three commemorations.
    [Show full text]
  • A Comparison of German and Korean Division: Analogies and Differences
    126 A Comparison of German and Korean Division International Journal of Korean Unification Studies A Comparison of German and Korean Division: Analogies and Differences Hanns Günther Hilpert Abstract The comparative analysis shows striking similarities in the post-war security situations of Germany and Korea, simultaneously leading to artificial separation and the deep-freezing of the division into cold war confrontation. Once division was established, two different systems and mentalities developed. In the end, both the GDR and the DPRK thoroughly failed economically. But although Korean division has endured until now, the situation in the Korean peninsula still looks very much like the German situation of the 1980s. Once the artificial inner Korean border falls, North-South migration is bound to occur, and the ROK will face similar political and economic challenges as the FRG did in 1990. More revealing than the similarities are the regional and national differences, however, which may explain why unification took place in Germany, but not in Korea. Both the mutual trust built up over nearly 20 years of détente and the FRG’s deep Western multilateral integration were preconditions and facilitators in the process of reunification. The differences also imply that unification will be much more difficult for Korea, since the DPRK is in absolute and relative terms much poorer and larger. Key Words: German-Korean comparison, North Korea, German reunification, German division, Korean division Vol. 19, No. 1, 2010, pp. 126-156. Copyrightⓒ2010 by KINU Hanns Günther Hilpert 127 Introduction On November 9, 1989, the Berlin Wall came down and the process of German reunification started.
    [Show full text]
  • On the Road to Damascus: Searching for New Socialisms in East Germany’S 1983 Lutherjahr
    On the Road to Damascus: Searching for New Socialisms in East Germany’s 1983 Lutherjahr History 101, 2018 Advisor: Dr. Trevor Jackson by: Benjamin Kinder Sloan Acknowledgments For Bhavani—this paper would be nothing without her. And also for Trevor Jackson who has survived my constant neurotic questions, and has been everything that I would want for a mentor. John Marin Handel was my first GSI as UC Berkeley, and has remained a friend and mentor throughout these last two years. He is the first person that made me want to be a historian. I also want to thank Professor Thomas Laqueur and Professor John Efron for taking their time to read this paper and offer useful feedback. Professors Jennifer Allen, Kyrill Kunakhovich, and Yuri Slezkine all pointed me in the direction of new and exciting material that I would not have found otherwise. I want to also thank Ajrana Begzati who dedicated her time in making sure that my German translations were not awkward, and that I sounded professional in my communication with artists. Thank you to every German Artist who took the time to share their insights with me—you are appreciated. The process of working on this project has been incredible and this copy is the product of many hours of work. Thank you David and Natalie Schlocker for teaching me how to work hard. I could not have completed this project in the way that I wanted to without Sullivan Parker and his generosity, as well as Jemal McNeil and his guidance. Lastly, thank you Dad, Mom, Oli, and Peaches.
    [Show full text]
  • Download/Pdf/Peasant-War-Germany.Pdf
    UC Berkeley Charlene Conrad Liebau Library Prize for Undergraduate Research Title On the Road to Damascus: Searching for New Socialisms in East Germany's 1983 Lutherjahr Permalink https://escholarship.org/uc/item/8d97r402 Author Sloan, Benjamin Publication Date 2018-04-01 Undergraduate eScholarship.org Powered by the California Digital Library University of California On the Road to Damascus: Searching for New Socialisms in East Germany’s 1983 Lutherjahr History 101, 2018 Advisor: Dr. Trevor Jackson by: Benjamin Kinder Sloan Acknowledgments For Bhavani—this paper would be nothing without her. And also for Trevor Jackson who has survived my constant neurotic questions, and has been everything that I would want for a mentor. John Marin Handel was my first GSI as UC Berkeley, and has remained a friend and mentor throughout these last two years. He is the first person that made me want to be a historian. I also want to thank Professor Thomas Laqueur and Professor John Efron for taking their time to read this paper and offer useful feedback. Professors Jennifer Allen, Kyrill Kunakhovich, and Yuri Slezkine all pointed me in the direction of new and exciting material that I would not have found otherwise. I want to also thank Ajrana Begzati who dedicated her time in making sure that my German translations were not awkward, and that I sounded professional in my communication with artists. Thank you to every German Artist who took the time to share their insights with me—you are appreciated. The process of working on this project has been incredible and this copy is the product of many hours of work.
    [Show full text]
  • SED-Diktatur Und Widerstand
    Gerhard Finn/Frank Hagemann/Peter Maser/ Helmut Müller-Enbergs/Günther Wagenlehner/ Hermann Wentker Unrecht überwinden – SED-Diktatur und Widerstand 38 Aktuelle Fragen der Politik Herausgegeben von der Konrad-Adenauer-Stiftung Redaktion dieses Heftes: Brigitte Kaff Gerhard Finn/Frank Hagemann/Peter Maser/ Helmut Müller-Enbergs/Günther Wagenlehner/ Hermann Wentker Unrecht überwinden – SED-Diktatur und Widerstand Die Reihe kann bezogen werden von der Konrad-Adenauer-Stiftung Referat für Publikationen Postfach 1420 D-53732 Sankt Augustin Telefon 02241/246-598 Telefax 02241/246-479 E-Mail: [email protected] Die Hefte der Reihe ”Aktuelle Fragen der Politik” können auch im Internet unter der Adresse http://www.kas.de abgerufen werden. Konrad-Adenauer-Stiftung e.V. Herstellung: Druckerei Franz Paffenholz GmbH, Bornheim Gedruckt auf chlorfrei gebleichtem Papier © 1996, Konrad-Adenauer-Stiftung e.V., Sankt Augustin Alle Rechte vorbehalten Nachdruck, auch auszugsweise, nur mit Zustimmung der Stiftung ISBN 3-931-575-17-9 Printed in Germany INHALT Hermann Wentker: Politische Strafjustiz in der DDR ... 9 Gerhard Finn: Die Widerstandsarbeit der Kampfgruppe gegen Unmenschlichkeit ... 23 Frank Hagemann: ”Die Drohung des Rechts” – Der Kampf des Untersuchungsausschusses Freiheitlicher Juristen ... 33 Günther Wagenlehner: Die Akten der SMT-verurteilten Deutschen – Archivauswertung in Moskau ... 47 Helmut Müller-Enbergs: Die ”instrumentalisierte politische Säuberung” in der Sowjetischen Besatzungszone ... 59 Peter Maser: Auf dem Weg zur deutschen Einheit: Anmerkungen zur neuen Enquete-Kommission des Deutschen Bundestages ... 69 Vorwort Mit den ”Buchenwald-Gesprächen” will das Archiv für Christlich-Demokratische Politik der Konrad-Adenauer- Stiftung einen Beitrag zur Aufarbeitung der Geschichte der kommunistischen Diktatur in Deutschland leisten. Seit 1991 veranstaltet es deshalb alljährlich mit Wissenschaftlern und ehemaligen politischen Häftlingen eine Tagung, die sich mit dieser Thematik befaßt.
    [Show full text]
  • Annual Report As at December 31, 2015 Including the Consolidated Financial Statements, the Group Management Report
    DEMIRE Deutsche Mittelstand Real Estate AG AnnuAl RepoRt 2015 Financial year January 1 – December 31, 2015 2 DeMIRe Deutsche Mittelstand Real estate AG | Annual Report 2015 portrait First in secondary locations DeMIRe Deutsche Mittelstand Real estate AG has commercial real estate holdings in mid-sized cities and upcoming areas bordering metropolitan areas across Germany. the Company has its special strength in these secondary locations – first in secondary locations – and focuses on properties which that are particularly attractive for medium-sized companies. DeMIRe has grown rapidly in recent years as a result of aquisitions of individual properties and company shares alike. At the end of the 2015 fiscal year, DeMIRe’s portfolio contained rental space of 1.1 million sqm with a market value of almost EUR 1 billion. the portfolio’s focus on office, retail and logistic properties results in a risk structure that DeMIRe believes is reasonable for the commercial real estate segment. the Company places importance on long-term contracts with solvent tenants and, therefore, anticipates stable and sustainable rental income. DeMIRe intends to maintain its corporate organisation as lean as possible, although it believes that economies of scale and portfolio optimisation are best achieved by having its own in-house asset, property and facility management. this safeguards the Company’s business expertise and, equally important, allows the Company to maintain direct contact with the customer. the shares of DeMIRe Deutsche Mittelstand Real estate AG are listed on the regulated market (General Standard Segment) of the Frankfurt Stock exchange. 3 DeMIRe at a glance rental reVenue eBit naV 230.7 + 0.5 % 43.3 58.4 58.7 + 344 % + 1,170 % 51.7 3.7 2014 2015 2014 2015 2014 2015 in EUR millions property portFolio Focus on three asset classes 928 1.100 181 72 Retail 19.6 % 150 6.4 5.4 Breakdown according 333 350 33 office 65.0 % to potential rent as at logistics 8.6 % 31.12.2015 others 6.8 % number Market value net rent, WALT Rental space properties (euR million) excl.
    [Show full text]
  • Martin Luther in Primetime
    volume 03 issue 02/2012 MARTIN LUTHER IN PRIMETIME TELEVISION FICTION AND CULTURAL MEMORY CONSTRUCTION IN COLD WAR GERMANY Stewart Anderson 2130 JFSB Brigham Young University Provo, UT 84602 USA [email protected] Abstract: In 1983, both East and West Germany celebrated Martin Luther’s 500th birthday with great fanfare. Nowhere was this competition more provocative and visually arresting, however, than in two multi-part television plays which depicted Luther’s life: the West German Martin Luther, broadcast by the public station ZDF in April, and the East German title of the same name, aired in October. In this essay, I argue that the East German version constituted an appropriative strategy of memory formation – one that depicted Luther’s positive qualities and grafted them into the Marxist canon of heroes. In contrast, the ZDF Martin Luther, which featured a highly rational Luther, projected what Jan Assmann has termed a normative strategy of harnessing Luther’s memory, focusing on Luther’s intellectual arguments and anti-radicalism. Keywords: Martin Luther, ZDF, DFF, Cold War, Collective Memory In April 1983, the West German station Zweites Deutsches Fernsehen (ZDF) broadcast a two-part television play entitled Martin Luther, in honour of the Reformer’s 500th birthday.1 Directed by Rainer Wolffhardt and starring Lambert Hamel, the programme took a sweeping look at Luther’s life, beginning with his decision to become a monk and culminating in his translation of the Bible. In October of the same year, the East German broadcaster Deutscher Fernsehfunk (DFF) aired a five-part dramatic piece, also called Martin Luther.2 Written and directed by Kurt Veth and featuring Ulrich Thein as Luther, this expansive piece had similar ambitions: a comprehensive reenactment of Luther’s life.
    [Show full text]
  • Liste Aller Mitwirkenden Der Enquete-Kommission 1995-1998
    Mitwirkende Personen der Enquete-Kommission „Überwindung der Folgen der SED-Diktatur im Prozess der deutschen Einheit“(1995-1998), 13. Wahlperiode 1. Abgeordnete Ordentliches Mitglied Stellvertreter CDU/CSU Hartmut Büttner Monika Brudlewsky Rainer Eppelmann (Vorsitzender) Wolfgang Dehnel Hartmut Koschyk (Obmann) Dr.-Ing. Rainer Jork Werner Kuhn Walter Link Johannes Selle Reinhard Frh. von Schorlemer SPD Iris Gleicke Tilo Braune Stephan Hilsberg Reinhold Hiller (seit September 1996) Nicolette Kressl (bis September 1996) Markus Meckel (Obmann) Christine Kurzhals (bis 4. Mai 1998 +) Siegfried Vergin (stellvertretender Vorsitzender) Jörg-Otto Spiller Bündnis 90/ Gerd Poppe (Obmann) Gerald Häfner Die Grünen F.D.P. Prof. Dr. Rainer Ortleb (Obmann) Sabine Leutheusser-Schnarrenberger (seit Feb. 1996) Quelle: Deutscher Bundestag/ Drucksache 13/11000 – Schlußbericht der Enquete-Kommission „Überwindung der Folgen der SED-Diktatur im Prozeß der deutschen Einheit". 1 Prof. Dr. Edzard Schmidt-Jortzig (bis Feb. 1996) PDS Prof. Dr. Ludwig Elm (Obmann) Rolf Kutzmutz 2. Sachverständige Sachverständige Einrichtung Burrichter, Clemens Senior Fellow am Zentrum für Zeithistorische Forschung Potsdam Faulenbach, Bernd Prof. Dr. Forschungsinstitut für Arbeiterbildung und Fakultät für Geschichtswissenschaft der Ruhruniversität Bochum Fricke, Karl Wilhelm Dr. Publizist, ehemaliger Leiter der Ost-West- Abteilung des Deutschlandfunks Köln Gutzeit, Martin Theologe, Landesbeauftragter für die Unterlagen des Staatssicherheitsdienstes der ehemaligen DDR Berlin Huber,
    [Show full text]