ECE does not own any centers, but the Otto family is active as an investor either through its Family Office or via third parties. Own developments are thus realized based on the group’s financial power, centers are acquired or kept in the portfolio via the ECE Fund or the Family Office.
As owner of the Otto Group, ECE, and the Canadian Park Property plus as co-owner of the north-American Paramount Group Inc., the Otto family has a large financial power. They act as investor in numerous projects and keep them in their portfolio for decades. Thus, ECE's construction and planning volume can be financed from own resources.
Deutsche EuroShop AG is Germany's sole joint stock company exclusively investing in shopping centers at prime locations. The MDAX company has been quoted since January 02, 2001 and has shares in European shopping centers in Germany, Austria, Poland and Hungary managed by ECE. ECE supports DES also during the acquisition phase and is usually responsible for the due diligence processes. ECE's CEO, Alexander Otto, is also the largest shareholder of DES. more