In Germany, Alony Hetz holds 32.5% ownership of four properties, in Essen, Hamburg and Berlin. The cost of these acquisitions was €94 million, which was leveraged with bank loans of €89 million. The properties cover an overall area of 130 thousand square meters (1.4 million sqft), including 94 thousand square meters of commercial space and 36 thousand square meters of residential apartments. The average rate of occupancy is 91%, and net income is estimated at €10 million per year.