For Sale by Private Treaty Tenants not affected

For Sale by Private Treaty Tenants not affected

EXECUTIVE SUMMARY Office investment opportunity in the heart of the IFSC 4 Storey office building extending to approx. 355 sq. m. (3,820 sq. ft.) and includes 2 car parking spaces Currently generating a net income of 141,822 per annum from 2 tenancies Fully let to Dexia Credit Local Dublin Branch and Qatar Airways Q.C.S.C. WAULT of 8.18 years to expiry and 3.07 years to the earlier of lease break/ expiry (as of 14/02/2018) Offers sought in excess of 2,400,000 reflecting a net initial yield of 5.45% assuming standard purchasers costs of 8.46% LOCATION 4 Exchange Place occupies a prominent position within the International Financial Services Centre (IFSC), one of Dublin s principal business districts. The IFSC is globally recognised as a leading location for a range of financial services, banking and insurance industries. Whilst the financial sector is the dominant occupier, the location attracts a wide range of corporate entities including information technology, new media and service companies. It is home to over 500 firms employing in excess of 35,000 people. Occupiers include, Citi Bank, KPMG, AIG, JP Morgan, HubSpot, BNP Paribas, and Depfa Bank. The subject property is situated between George s Dock and Custom House Quay and the area benefits from an extensive public transport system including bus, Luas, DART and main line rail. Busaras, the country s main bus station is located only minutes from the building, connecting to local and national bus services. 19 River Liffey 20 21 23 30 18 17 15 13 16 14 22 24 25 26 27 29 Red Line 11 12 10 8 9 28 7 6 River Liffey 5 4 3 2 Connolly Station (Dart, Luas, Rail) Busaras (Bus/Coach) 1 Red Line 1. The Custom House 2. SIG 3. Zurich 4. Wells Fargo 5. JP Morgan 6. CHQ Building 7. CIT Aerospace 8. BNP Paribas 9. The Exchange 10. Depfa Bank 11. Citi Group 12. Bank of Ireland 13. National College of Ireland 14. A&L Goodbody 15. HubSpot 16. AIG 17. Convention Centre 18. PWC 19. Central Bank of Ireland Headquarters 20. Matheson 21. Tripadvisor 22. McCann FitzGerald 23. Facebook 24. Dillon Eustace 25. Three 26. Bloomberg 27. Realex 28. Grant Thornton 29. KBC Bank 30. Stripe

DESCRIPTION 4 Exchange Place comprises a modern mid terrace own door 4 storey office building extending to approx 355 sq. m. (3,820 sq. ft.). The building is of a reinforced concrete frame construction with a red brick outer finish to the front and a rendered finish to the rear. The floor plates are regular in shape and provide for a mixture of open plan office accommodation and cellular office space. The offices are accessed via a shared internal lobby which is serviced by a shared passenger lift. Specification of the offices includes plastered ceilings, perimeter trucking with cabling, solid concrete floors with carpet covering and air conditioning. There are 2 secure surface level car parking spaces to the rear. The property is currently fully let to Dexia Credit Local Dublin Branch who occupy the ground, first and second floors, while Qatar Airways Q.C.S.C. occupy the third floor.

ACCOMMODATION SCHEDULE Floor Sq. M. NIA Sq. Ft. Ground 79.51 856 First 91.93 990 Second 91.81 988 Third 91.59 986 Total 354.84 3,820 Any intending purchaser will need to satisfy themselves as to the exact floor area of the subject property. SPECIFICATION N Suspended/Plastered ceilings N Recessed lighting N Perimeter trunking N Air conditioning N Solid floors with carpet flooring N Passenger lift serving all floors N WC facilities on all floors N Shower facility on ground floor

COVENANT Qatar Airways is the state owned flag carrier of Qatar. Flying to over 150 destinations worldwide, the airline is one of the fastest growing and most highly acclaimed airlines in the world having been named Airline of the Year in 2017, 2015, 2012 and 2011 by global industry body Skytrax. For the year ended 31st March 2017 the company reported revenues of 10.4 billion with profits of 540 million, a 21.7% year on year increase. Dexia is a state owned Belgian-French banking institution headquartered in Paris. Dexia Credit Local is the groups main operating entity with branches in France, Ireland, USA, Portugal and subsidiaries in Germany, Italy and Israel. Its Dublin office is responsible for the portfolio management, optimization, derisking and deleveraging of various bond portfolios within the group. According to the company s latest annual report it recorded net income of 353 million for the year ending the 31st December 2016. TENANCY SCHEDULE Floor Ground, First & Second Floors Third Floor Tenant Dexia Credit Local Dublin Branch Qatar Airways Q.C.S.C. Lease Started Term Lease Expiry Next Rent Review 01/09/17 10 years 31/08/27 01/09/22 01/12/17 4 years 9 months Tenant Break Options 30/08/21 30/08/22 Break Option Penalty 6 months* Parking Spaces Passing Rent 2 103,322 31/08/22 N/A 30/11/19 N/A - 38,500 Total 2 141,822 * The six-month rental penalty will only apply to the 2021 break option. The above schedule is provided on a without prejudice basis and for discussion or information purposes only. The agents, vendors, solicitors et al do not warrant the accuracy of the above in any way. The schedule is provided for information purposes only and should not be used to influence any transaction or for funding purposes.

ZONING The property is zoned Z5 under the Dublin City Development Plan 2016 2022. The local authority describes the zone as To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity TITLE We understand the property is held long leasehold BER No. 800200297 Energy Performance Indicator: 367.34 kwh/m2/yr1.68 VAT Further information on request PROPOSAL Offers sought in excess of 2,400,000 which equates to a Net Initial Yield of 5.45% assuming standard purchaser s costs of 8.46% and a capital value per sq ft of approximately 628 VIEWINGS All viewings are strictly by appointment through the sole selling agent AGENT 164 Shelbourne Road Ballsbridge Dublin 4 T: +353 (0)1 639 9300 W: www.cushmanwakefield.ie CLIVE ROCHE T: +353 (0) 1 639 9202 E: clive.roche@cushwake.ie PRSA No. 002222-004568 DERRY O NEILL T: +353 (0) 1 639 9283 E: derry.oneill@cushwake.ie PRSA No. 002222-006581 SOLICITORS 33 Sir John Rogerson s Quay Dublin 2 LINDA LYNCH T: +353 (0) 1 673 1813 E: linda.lynch@dilloneustace.ie PRSA No. 002222 Disclaimer: Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction. 7. The Vendor reserves the right not to accept the highest or any offer made.