Assignments in Quarter III/2017 (Juli through September)

(September 30th, 2017) Dr. Falk Billion completed the following assignments from July through September 2017

Report on the asset value of a golf course in Mecklenburg-Vorpommern (on behalf of the shareholders)

Statement on the market value of a golf course in Hessen (on behalf of potential buyers)

Expert opinion on the appropriate rent for golf course land in Baden-Württemberg (on behalf of the lessors)

Update of the report on the value of a golf course in Northrhine-Westphalia on July 1, 2017 (on behalf of the owner company)