Berlin III A/S, formerly
Griffin III Berlin A/S, is a Denmark-based real estate company. Its
business activities comprise the ownership and management of real
properties located in Berlin, Germany. As of June 30, 2009, the
investment portfolio consisted of 83 properties, including 3,105
properties and 238 commercial properties with a gross leasable area
of 263,856 square meters. The Company is operational through its German
wholly owned subsidiaries: Griffin Flats III Berlin Hamburg GmbH and
Flats III Verwaltungsgesellschaft mbH. Griffin Flats III Berlin Hamburg
GmbH holds a 94% stake in Greta 3. GmbH, Greta 14. GmbH, Greta 24.
Greta 35. GmbH, as well as in Griffin Flats Berlin GmbH & Co. KG,
business activity is to own and rent out real estate properties.