In mid-January, we purchase a 4,800 square meter property in Berlin-Kreuzberg. We are making the property in Prinzessinnenstrasse available free of charge for numerous interim uses throughout the year before we realize a high-quality office project under the PANDION OFFICEHOME umbrella brand at this location by 2026. The first interim use is "Welcome to the jungle" by Gita Kurdpoor.

The Transiträume Berlin association, which was co-founded by PANDION, wins the immobilienmanager Award 2023. The association is honored with the anniversary prize, which the publisher awarded once on the occasion of the 15th anniversary of the immobilienmanager Award by public voting. That's reason to celebrate!

We also took our 20th anniversary last year as an opportunity to take a fresh look at our projects through the eyes of renowned architectural photographer HGEsch Photography. The result is a series of beautiful photographs entitled "PANDION viewed by HGEsch", which can be seen at the Kaune Contemporary gallery in Cologne from the end of March to the end of April. We are celebrating the start of the exhibition with an exclusive vernissage.

Together with the City of Cologne and other sponsors from the worlds of culture and business, we are supporting the new Gottfried Böhm Scholarship for post-Master's architects from all over the world. The scholarship is intended to give young graduates the opportunity to spend a year developing a creative and visionary urban planning project for Cologne and the region.

We are also launching the distribution of three new projects or project sections almost simultaneously. These are PANDION COSY in Cologne-Braunsfeld, another building in the PANDION ALBERTUSSEE project in Düsseldorf-Heerdt and the fourth construction phase of our extensive residential quarter PANDION MIDTOWN in Berlin-Friedrichshain.

Things get sporty in Munich: a highly motivated team from our Munich branch takes part in Germany's largest company run, the B2Run, and reaches the finish line at the Olympic Stadium in high spirits.

A few days later, we sell around 6,700 square meters of land for our PANDION ALBERTUSSEE project to Sahle Wohnen. The long-established family company from Greven with decades of experience in publicly subsidized housing construction will build around 14,500 square meters of living space for publicly subsidized rental apartments and rent-controlled apartments in our Düsseldorf residential quarter.

A new chapter in the development of our Supervisory Board: After a very successful term in office, Joachim Plesser steps down as Chairman of the Supervisory Board after twelve years for reasons of age. His successor with immediate effect is Stefan Ermisch, a long-standing board member of major German and European banks and senior advisor in finance. In addition, we are expanding the Board to include the experienced investment banker and capital market expert Tina Kleingarn, who is taking over the position of Deputy Chairwoman of the Supervisory Board.

We take advantage of the good weather in September to have our first residential project in the Stuttgart region photographed. Our PANDION LEON with 145 units was designed by Hascher Jehle Architekten and is really something to behold!

The next architectural competition takes place in Cologne: This time for our property acquired in 2022 in Altenberger Strasse, in the immediate vicinity of Cologne Central Station, which offers an excellent view of the cathedral. ASTOC Architects and Planners unanimously won over the jury with its design for the building with around 11,000 square meters, which will offer up to 600 state-of-the-art workspaces under our PANDION OFFICEHOME umbrella brand from 2028.

We can also look back on another very successful interim use in Prinzessinnenstrasse, which took place in October: Crossed Lines by Montero Art Gallery and ART Kreuzberg e.V.