Immediately after the end of the reporting period – from 2 to 21 May 2007 – the IMMOEAST subsidiary issued 277,941,375 new shares. The issue price was determined through a bookbuilding procedure and equalled EUR 10.20 per share, for a resulting volume of EUR 2.84 billion. This capital market transaction was the largest issue to date by a European property company, and was oversubscribed nearly two-times.