ALPEN ADRIA CENTER - High Potential near Lake Wörthersee

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1 ALPEN ADRIA CENTER - High Potential near Lake Wörthersee Between Architecture and Sculpture Klagenfurt is the southernmost capital city in Austria the historic, economic, and cultural heart of the state of Carinthia. But the appeal of this city, known for its famed Lindworm dragon, extends far beyond the borders of the state. This multifaceted location is perfectly situated to be a key hub in the Alpen Adria- region, and serves as the home of the Alpen Adria Center. With well-designed infrastructure and most notably its singular architecture, the Alpen Adria Center enjoys a unique status in Carinthia and offers many potential uses for future development. September 2017

2 Property Portfolio with a Future Facts and Figures Property and Surrounds This 15,578m 2 property is comprised of a total of three building annexes constructed between 1999 and 2002 and designed by star architect Thom Mayne. Building A also includes the ARENA, which houses a fully equipped event center. Because the buildings are relatively new, the property is in very good condition. The individual buildings of the complex are arranged in a triangle around a campus-style courtyard with pathways, outdoor parking spaces and the entrance to the underground parking garage. Shopping center Residenti al Property Recreational (movie theater) Property name Current use Alpen Adria Center Commercial real estate Address Alpen Adria Platz 1, 9020 Klagenfurt am Wörthersee Built Area of the site 15,578 m 2 Area 9,420 m² Gross floor area 27,983 m 2 (incl. garage) Leasable area 13,360 m² Floor space index 1.2 to 1.5 ARENA Parking spaces (courtyard) 94 Parking spaces (garage) 198 Use of Existing Space as of 8/2017 As the main tenant, HETA currently occupies just under 70% of the leasable area. 11 office units with a total area of 2,683 m² (net internal area) have been available for lease since the beginning of 2017, and starting in 2018 another seven office units will be available for lease. Three of the five commercial units totaling 492 m² are currently leased. The remaining space is currently comprised of a restaurant and the ARENA event center. 1% 3% 24% 11% Völkermarkter Strasse 61% Heta Offices Commercial/Restaurant Education Healthcare Vacant

3 Multiple Development Options Retail, Medical, Educational, Business etc. This property can easily accommodate numerous uses. Retail The retail industry in Klagenfurt is principally concentrated in two areas, the city centrer and the area arrounding the Alpen Adria Center. The property is easily accessed by public transportation and thus is well suited for retail purposes. There are already numerous retail stores in the surrounding areas. The businesses are mostly large-scale retail stores and grocery stores. In the specialty market segment, there is definitely still potential to be found in niche areas. Healthcare/Caregiving While Klagenfurt s population has been increasing slightly from year to year, the over-65 category has experienced disproportionately higher increases over the last few decades. At the same time, the high occupancy rate at existing assisted living facilities, the comparably low ratio of available spaces to demand, and the increasing number of senior citizens are a clear indication of the existing need for senior services. Thanks to its accessibility, it is eminently suitable for group medical practices or a medical center. Hotel/Conferences/Exhibitions Tourism numbers in Klagenfurt are on the rise, increasing by some 20% since In 2016, 302,000 overnight accommodations were booked. Visitors to Klagenfurt have access to a total of 40 commercial accommodations comprised exclusively of privately-run hotels. Guests stayed for 1.8 days on average, with visitors staying for the longest amounts of time in 2-star hotels (2.5 days) and 3-star hotels (1.9 days). The site on which the Alpen Adria Center is situated offers excellent potential for a 3-star hotel or chain hotel. Additionally, the space in the current ARENA event center is an optimal location for a convention center or exhibition hall. + 30% more university students in 10 years + 7.5% population increase 6% rise in bookings at 2-and 3-star hotels Education/Student Housing With at least four institutions of higher learning, Klagenfurt is an educational hub. Growing numbers of university students and guarantee a sustained, high level of demand for housing. At present, the majority of students rely on the local apartment market, which means that student dormitories in Klagenfurt are only absorbing a very small percentage of student demand. The upscale status of many students and the general lack of dormitory spaces in Klagenfurt are leading to an increase in demand for high-caliber student housing. Office Space For the City of Klagenfurt, there is potential to accommodate around 30,000 office jobs. Nevertheless the development of downtown Klagenfurt (with larger, more modern office space) is hindered by the density of its historic town center, the aging building stock, and the tight parking situation. Accordingly sites with good transporation options make ideal office locations. Given the location and quality of the buildings, we believe market rents of up to 9.00/m² can currently be charged Source: Bulwiengesa 2017, CBRE

4 kaernten.at Exclusive to Lake Wörthersee City living, leisure activities, and a dynamic economy near Austria s most popular lake Quality of Life Not only does Klagenfurt am Wörthersee offer a wide choice of cultural institutions, tourist attractions, and tours for every taste, the multifaceted region is an open invitation to actively enjoy what mother nature has to offer. The one-of-a-kind Lake Wörthersee, only a stone s throw from the Alpen Adria Center, is an absolute must-see. Additionally the multitude of museums, galleries, stages, and clubs in Carinthia s capital city provide a fantastic opportunity to absorb art and culture. Here, in one of Austria s most beautiful holiday regions, there is an abundance of experiences just waiting to be enjoyed. Klagenfurt`s Second Commercial Hub The property site is located to the east of the Klagenfurt city center directly along one of Klagenfurt s main thoroughfares Völkermarkter Strasse. There are various bus stations in the area that feed into the local public transportation network. The nearest train station is Klagenfurt s Ostbahnhof, which at a distance of 3.4 km can be reached just as quickly as Klagenfurt s city center. It is only about 8 km to the airport, which means it can be reached in about 15 minutes, and the Hauptbahnhof (central station) is only about 10 minutes away by car. City and Region With almost 100,000 residents, Klagenfurt am Wörthersee is the largest city in Carinthia and the sixth largest city in Austria. As the center of business in the state of Carinthia, the city s capital serves as the home to roughly 11,000 businesses employing 72,000 people. Thanks to the A1 highway, Klagenfurt Airport, and its Hauptbahnhof central station, Klagenfurt offers great interregional connections both for personal transportation and public transit. Czech Republic Germany A2 92 Slovakia 83 Lake Wörthersee 70 Hungary Italy 91 Slovenia

5 heta-asset-resolution.com A Location for Your Success The location of this property provides for an abundant variety of urban and cultural opportunities while also offering a multitude of recreational options. The building s impressive architecture bears the stamp of American architect Thom Mayne (Morphosis Architects). Expansive glass facades provide for a spectacular view of the entire region. The 292 above- and below-ground parking spaces provide for ample parking. The campus-style arrangement of the buildings creates large open areas, enabling people to come together to share and communicate. The sculpture-like architecture is a distinctive feature that is easily recognizable.

6 theredlist.com Alpen Adria Center- Transaction Process PHASE1 PHASE2 Advertisement Initial access to the data room Indicative offer Second access to the data room Final offer Sales negotiations Contract signing Technical Consultantscal Sales Advisors Consultants Drees & Sommer Drees & Sommer Thomas Graf Lili Schäfer Bundesallee 39 40a Bundesallee 39 40a 10717Berlin 10717Berlin Phone Phone Fax Fax Principal: HETA ASSET RESOLUTION AG Disclaimer The data, information, and statements compiled in this document are correct to the best of our knowledge. However, we assume no liability with regard to whether this information is complete, correct, or up to date.