DUNDEE INTERNATIONAL REAL ESTATE INVESTMENT TRUST ...

Deutsche Postbank
Pursuant to a private agreement between Deutsche Post and Deutsche Postbank (“Postbank”), 202 of our
properties feature branches of Postbank, allowing for the delivery of integrated financial and postal
services. The properties featuring Postbank branches are typically located at ground level with a view to
attracting a high volume of retail and business customers seeking financial or postal services. These
locations may include retail space (where consumer staples are offered for sale), a banking or investment
advisory area, mailboxes for rent, an automated postal/banking services station or traditional banking
teller service. Many Postbank branches in our properties have recently undergone refurbishment and now
feature contemporary designs, expanded retail sections, enhanced lighting and automated postal and
financial services centres. The delivery of banking and postal services are integrated such that customers
can purchase consumer staples, send or receive mail or parcels and attend to their financial services needs,
including by making deposits, loans, transfers, investments and purchasing insurance.
Postbank is a public company controlled by Deutsche Bank. Postbank offers retail financial services in
their branches within Deutsche Post’s network, which generates increased traffic through the postal
services offered in those branches. There are 4,500 branches of Deutsche Post in which selected Postbank
financial services are available. Postbank offers comprehensive financial services as well as postal
services in its own 1,100 branches.
With 14 million active domestic customers and over 20,000 employees, Postbank is one of Germany’s
major financial services providers. Postbank’s focus is on its retail business with private customers.
Postbank has the densest branch network of any bank in Germany, which makes it conveniently
accessible and attractive to its retail banking customer base.
Deutsche Telekom
After Deutsche Post, Deutsche Telekom is the second-largest tenant in our properties, as measured by
space occupied. Deutsche Telekom occupies approximately 1.4% of the GLA of our properties and
currently generates approximately 2.5% of the portfolio’s overall GRI. The occupied space is mainly used
for server and cable rooms, forming an integral part of Deutsche Telekom’s infrastructure.
Deutsche Telekom is one of the world’s leading telecommunications and information technology service
companies. Deutsche Telekom Group had approximately 236,000 employees in total as of December 31,
2011.
Deutsche Post leases
Our leases with Deutsche Post, which generally expire on June 30, 2018 (many of which provide
Deutsche Post with an option to extend the term until June 30, 2023), comprise approximately 75% of the
GLA and account for more than 85% of the GRI of our portfolio as of December 31, 2011.
Although our Deutsche Post leases are between the Landlord and DPI, a subsidiary of Deutsche Post, as
tenant, Deutsche Post has provided a letter of support pursuant to which it will ensure that DPI is
managed and capitalized so as to be able to fulfill its financial obligations under the leases, with the letter
of support being in place until the earlier of (a) the date of termination of the leases, and (b) 15 years after
commencement of the leases.
Although structured as individual lease agreements, each of our Deutsche Post leases is commercially
linked in certain ways with other leases that we did not acquire in connection with our acquisition of the
Initial Properties, even though we have no interest in those other leases and the seller of the Initial
Properties has no interest in our Deutsche Post leases.
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