In addition to the acquisition of Deutsche Lagerhaus, ESG, Stop Shop, Tefag, Silesia City Center, Polus City Center and the FIP portfolio, a number of other investments were completed during the 2005/06 Business Year. Following is an overview of the most important acquisitions and investments:

CZECH REPUBLIC: CSOB PORTFOLIO, AIRPORT CENTER

A portfolio of seven objects at prime locations in the city centre of Prague was acquired from CSOB, a major Czech bank, in January 2006 together with a local developer. Plans call for the expansion of the current capacity of 47,000 sqm to 53,000 sqm of letable space. In June 2005 IMMOFINANZ also acquired the Airport Business Center Prague (15,300 sqm), which is rented on a long-term basis to well-known companies.

POLAND: MISTRAL AND IO-1

The Mistral office building in Warsaw was acquired for roughly EUR 30 million in March 2006. This facility has 19,600 sqm of letable space, which is rented through long-term contracts. In addition, the IO-1 development project with 29,800 sqm of letable space was purchased in summer 2005. It is located in the rapidly expanding Mokotow business district, and completion is scheduled for the end of 2006 at a cost of roughly EUR 36 million.

ROMANIA: IRIDE, BCC, PIPERA, HARBOURSIDE

The IMMOFINANZ flagship in Bucharest, the IRIDE Business Park, is currently under expansion to 87,000 sqm. Another stage of construction, which will raise the total letable space to 150,000 sqm, is in planning. Other acquisitions include the Pipera Center office complex (23,000 sqm) in July 2005 and the Bucharest Corporate Center (14,400 sqm) in spring 2006, as well as the Harbourside office and retail complex in Constanta, the second largest city in Romania. This project is scheduled for completion in early 2007.

MARKET ENTRY IN BULGARIA

IMMOFINANZ entered the market in Bulgaria during June 2005 with the purchase of a stake in Prime Property BG, the leading local property company. Work is currently proceeding on numerous acquisitions and development projects together with this partner.

HUNGARY: SHARK PARK AND CAMEL PARK LOGISTICS OBJECTS

In Budapest two extremely attractive logistics ob- H, Budapest, Shark Park jects were acquired. Shark Park (21,000 sqm) and Camel Park (32,000 sqm) are both parts of the Eurobusiness Park, and are rented on a long-term basis to first class international companies. IMMOFINANZ also purchased the newly constructed Greenpoint 7 office building in Budapest, which has 22,000 sqm of letable space.

AUSTRIA: SIMMERINGER HAUPTSTRASSE OFFICE AND BUSINESS CENTRE

An office and business project at Simmeringer A, Wien, Simmeringer Hauptstrasse Hauptstrasse 47-49 was acquired in early 2006. This property, which has 15,900 sqm of letable space, is scheduled for completion by the end of 2007. It has already been fully rented through long-term contracts to well-known Austrian companies.