in TALLINN, TARTU, JÕHVI, RAKVERE, VÕRU

Transcription

1 FOR SALE > COMMERCIAL PROPERTY PORTFOLIO in TALLINN, TARTU, JÕHVI, RAKVERE, VÕRU ESTONIA March 2015 COMMERCIAL PROPERTY PORFOLIO SUMMARY The total portfolio consist of 11 property units (on 13 properties) in 5 towns in. Five units are located in Tallinn area (49 49% of GLA), two in Tartu (20 20% of GLA), three in Jõhvi (13 13% of GLA), two in Rakvere (16 16% of GLA) and one in Võru (2% of GLA). The portfolio is divided by the property sectors into three (by GLA): office premises 41.0%, retail premises 11.6% and logistics and industrial premises 47.4%. The portfolio average rental rate is 5.27 /sqm/month, incl 4.4 /sqm/month for Tallinn area properties, 7.7 /sqm/month for Tartu properties, 5.96 /sqm/month for Rakvere properties, 4.27 /sqm/month for Jõhvi properties and 8.94 /sqm/month for Võru property. The portfolio average vacancy rate is 5.8%, incl 1.2% for Tallinn area properties, 13.8% for Tartu properties, 4% for Rakvere properties, 0% for Jõhvi properties and 73.4% for Võru property. The portfolio average lease length is 3.29 years, incl 2.12 years for Tallinn area properties, 1.97 years for Tartu properties, years for Rakvere properties, 1.41 years for Jõhvi properties and 0.41 years for Võru property. AND DEAL STRUCTURE The offers are expected for the remaining portfolio and for the individual property units. The sales prices of the individual units are presented on the following pages under specific properties. The deal can be structured as an asset sales or as the sale of the shares of the owning SPV s. Additional information will be presented by the owner upon request. The owner reserves to limit the info.

2 TÜRI 10C, TALLINN > Address: Türi 10c, Tallinn, > Type of ownership: 2222/4098 share of common ownership > Location of the ownership: 1 st floor, full 2 nd floor, 3 rd floor > Land Registry No: > Cadastral No: 78401:118:1670 > Intended land use: Commercial 100% > Land plot: sqm > Net building area: sqm > Leasable area (of relevant ownership): sqm > Parking: sufficient on the site and along the street > Year of construction: 2001 > Other relevant info: autonomous gas heating > Use of premises: office, service > Number of tenants: 12 > Weighted average lease lenght: 1.2 years (incl. termless) > Weighted average rent: 3.26 /sqm/month (excl. parking income) enants: Võrguvara AS, Whirlpool Eesti OÜ, Euroland OÜ indextation: mainly n CPI 2015: ca

3 LIIMI 1B, TALLINN > Address: Liimi 1b, Tallinn, > Type of ownership: 2384/4847 share of common ownership > Location of the ownership: office building with landplot > Land Registry No: > Cadastral No: 78407:701:1762 > Intended land use: Commercial 100% > Land plot: sqm > Net building area: sqm > Leasable area (of relevant ownership): sqm > Parking: sufficient on the site > Year of construction: 2003, reconstructed 2006 > Occupancy: 87.6% > Use of premises: office, data center (basement) > Number of tenants: 5 > Weighted average lease lenght: 2.3 years (incl. termless) > Weighted average rent: 5.62 /sqm/month enants: SEB Pank AS indextation: mainly n CPI 2015: ca

4 TÄHETORNI 21C, TALLINN > Address: Tähetorni 21c, Tallinn, > Land Registry No: > Cadastral No: 78404:406:6890 > Intended land use: Industrial 100% > Land plot: sqm > Net building area: sqm > Leasable area: sqm > Parking: sufficient on the site and in the area > Year of construction: 2003 > Other relevant info: concrete structure, autonomous gas heating > Use of premises: industrial > Number of tenants: 2 > Weighted average lease lenght: 4.5 years > Weighted average rent: 4.61 /sqm/month enants: Uniprint AS, Reva Print AS indextation: n CPI capped at 1.25% 2015: ca

5 LINAMÄE 6, SAKU MUNICIPALITY, HARJU COUNTY > Address: Linamäe 6/Põikmäe 6, Tänassilma parish, Saku Municipality, Harju County > Land Registry No: > Cadastral No: 71801:001:0296 > Intended land use: commercial 95%, industrial 5% > Land plot: sqm > Net building area: sqm > Leasable area: sqm > Parking: sufficient on the site and in the area > Year of construction: 2003/2009 > Use of premises: logistics, office > Number of tenants: 1 > Weighted average lease lenght: 3.3 years > Weighted average rent: 5.08 /sqm/month enants: Antalis AS (100%) > Lease term of main tenants: 07/2018 indextation: 50% of EST CPI capped at 2.5% 2015: ca > Owner s cost: land tax, insurance, CAPEX

6 PIIRIMÄE 8, SAKU MUNICIPALITY, HARJU COUNTY > Address: Piirimäe 8/8a, Tänassilma parish, Saku Municipality, Harju County > Land Registry No: > Cadastral No: 71801:001:0269, 71801:001:0319 > Intended land use: commercial 95%, industrial 5% > Land plot: sqm > Net building area: sqm > Leasable area: sqm > Parking: sufficient on the site and in the area > Year of construction: 2007 > Other relevant info: concrete structure, autonomous gas heating > Use of premises: logistics, industrial, office > Number of tenants: 5 > Weighted average lease lenght: 0.8 years (incl. termless) > Weighted average rent: 4.02 /sqm/month enants: Kulukaubandus OÜ, Naps Solar OÜ indextation: mainly n CPI 2015: ca

7 RAEKOJA PLATS 16, TARTU, TARTU COUNTY > Address: Raekoja plats 16/Kompanii 2, Tartu > Land Registry No: > Cadastral No: 79507:055:0005 > Intended land use: commercial 100% > Land plot: sqm > Net building area: sqm > Leasable area: sqm > Parking: limited, on the site and in the area > Year of construction: 1800, renovated in 2000 nds /average > Other relevant info: unique old town building, very central location > Occupancy: 53.7% > Use of premises: office, retail, restaurants > Number of tenants: 11 > Weighted average lease lenght: 2.6 years (incl. termless) > Weighted average rent: 8.48 /sqm/month enants: Season Caffee OÜ, M&G Invest OÜ, Laursen OÜ indextation: mainly n CPI 2015: ca

8 NARVA MNT 3/9, TARTU, TARTU COUNTY > Address: Narva mnt 3/9, Tartu > Type of ownership: leasehold (Narva 3), freehold (Narva 9) > Use of premises: office, retail, service > Land Registry No: (Narva 3), (Narva 9) > Cadastral No: 79514:023:0041, 79514:023:0042 > Intended land use: commercial 100% > Land plot: sqm (Narva 3), sqm (Narva 9) > Net building area: sqm (Narva 3), sqm (Narva 9) > Leasable area: sqm > Parking: sufficient on the site and in the area > Year of construction: 2003 > Other relevant info: electric heating > > > > > > > Number of tenants: 3 Weighted average lease lenght: 1.8 years Weighted average rent: 7.53 /sqm/month Main tenant enants: PRIA, Catwees OÜ Annual rent indextation: mainly n CPI Annual rent 2015: ca Owner s cost: mainly land tax, insurance, CAPEX

9 LINDA 15C/15D/15E, JÕHVI, IDA-VIRU COUNTY > Address: Linda 15c, 15d, 15e, Jõhvi, Ida-Viru county > Land Registry No: (15c), (15d), (15e) > Cadastral No: 25301:009:0107 (15c), 25301:009:0108 (15d), 25301:009:0109 (15e) > Intended land use: commercial 100% (15d/e), industrial 100% (15c) > Land plot: sqm (15c), sqm (15d), sqm (15e) > Net building area: sqm (15c), sqm (15d), sqm (15e) > Leasable area: sqm + land area sqm > Parking: sufficient on the site and in the area > Year of construction: 2008 (15c), 1973/ren 2012 (15d), 2004 (15e) > Other relevant info: autonomous gas heating, concrete structure in 15d > Use of premises: retail, service, logistics > Number of tenants: 12 (15d 10, 15c 1, 15e 1) > Weighted average lease lenght: 1.4 years (incl. termless) > Weighted average rent: 4.27 /sqm/month (excl. land rent) enants: Onninen AS, Eesti Post AS, Esvika Elekter AS, Ruukki Products AS, Talger Elektrotehnika OÜ indextation: mainly n CPI 2015: ca Transaction type: sale of the asset or shares of the owner company (100%)

10 LAADA 27, RAKVERE, LÄÄNE-VIRU COUNTY > Address: Laada 27, Rakvere > Land Registry No: > Cadastral No: 66301:001:0017 > Intended land use: commercial 100% > Land plot: 849 sqm > Net building area: sqm > Leasable area: sqm > Parking: limited, in the area (parking lot across the street) > Year of construction: 2003 > Other relevant info: very central location; autonomous gas heating; concrete structure; one elevator in the building (from 2006); the entrance to the neighbouring Kroonikeskus shopping center is through the building > Occupancy: 84.6% > Use of premises: office, retail > Number of tenants: 11 (plus 3 advert agreements) > Weighted average lease lenght: 1.8 years (incl. termless) > Weighted average rent: /sqm/month enants: Swedbank AS, Katre Pustak notary, BENU apteek Eesti OÜ indextation: mainly n CPI 2015: ca Transaction type: sale of the asset or shares of the owner company (100%)

11 RINGTEE 2, RAKVERE, LÄÄNE-VIRU COUNTY > Address: Ringtee 2, Taaravainu village, Rakvere municipality, Lääne-Virumaa county > Land Registry No: > Cadastral No: 66204:002:0410 > Intended land use: commercial 100% > Land plot: sqm > Net building area: sqm > Leasable area: sqm > Parking: sufficient on the site > Year of construction: 2002 > Other relevant info: autonomous gas heating; concrete and steel structure; additional building right > Use of premises: DIY retail > Number of tenants: 1 > Weighted average lease lenght: 12.8 years > Weighted average rent: 4.08 /sqm/month enants: Bauhof Group AS > Lease term of main tenants: 12/2027 indextation: n CPI capped at 3% 2015: ca > Owner s cost: land tax, insurance, CAPEX

12 JÜRI 22A, VÕRU, VÕRU COUNTY > Address: Jüri 22a, Võru, Võrumaa County > Land Registry No: > Cadastral No: 91901:008:0820 > Intended land use: commercial 100% > Land plot: 749 sqm > Net building area: sqm > Leasable area: sqm > Parking: sufficient on the site and in the area > Year of construction: 2001 > Other relevant info: very central location; concrete structure; one elevator in the building > Occupancy: 26.6% > Use of premises: office, retail, service > Number of tenants: 7 > Weighted average lease lenght: 0.4 years (incl. termless) > Weighted average rent: 8.94 /sqm/month enants: ERGO Insurance SE, Hansekon OÜ, Elisa Mobilsideteenused AS indextation: mainly n CPI 2015: ca

13 ESTONIA COMMERCIAL REAL ESTATE INVESTMENT MARKET 2014 INVESTMENT VOLUME, EUR million Total transaction volume of commercial real estate reached the highest level since recession in The market was driven by the attractive loan rates and high level of capitalization of investors. The trend is expected to continue in 2015 as the interest rates will remain low and there are very few lucrative alternative investment options. INVESTMENT PRIME YEILD 16% 14% 12% 10% 8% 6% 4% 2% 0% H 2H 1H 2H Office Retail Industrial H 2H 1H 2H 1H 2H The prime yield of commercial real estate was under strong pressure in By the end of the year the prime yield compressed to the new post-recession record level. The prime yield is expected to compress furthermore in 2015 as the low interest rate environment is expected to remain stable and the competition among investors is high. INVESTMENT VOLUME DISTRIBUTION BY DEAL SIZE 100% 80% 60% 40% Close to 90% of the total number of the transactions were with the value up to 5 million euros in From the total volume the same segment represented over 50%. Properties with the value up to 5 million euros are expected to be with the highest liquidity also in % 0% % of Total Volume % of Total Number up to EUR 1.0 million EUR 1-3 million EUR 3-5 million EUR 5-10 million EUR milllion above EUR 20 million The information contained in this teaser is for general information purposes only. The information is provided by Colliers International and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services contained in this teaser for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this teaser.