Assignments in Quarter III/2016 (July through September)

(September 30th, 2016) Dr. Falk Billion completed the following assignments from July through September 2016

Report on the market value of land and buildings, which are leased to the operating company of a golf course in North Rhine Westphalia (on behalf of the land owners)

Report on the market value of a golf course in Brandenburg (on behalf of the owner/operator)

Opinion on the future strategy (step-by-step plan) of a golf resort in Bavaria (on behalf of the management)

Report on the market value of a golf course in the Saar region (on behalf of the shareholders of the owner company)

Estimate of the current market value of a freehold golf course in Hessen (on behalf of the owner/operator)