TAG Immobilien AG · XETR:TEG
TAG Immobilien — Corporate Update (2011)
19 slides from TAG Immobilien's corporate update, 2011
Slide 1: Property Tour Salzgitter 2011
Property Tour Salzgitter 2011 TAG Immobilien AG Property Tour Salzgitter 2011 TAG I 1
Slide 2: Contents
Contents page Property Tour Salzgitter 2011 1. Colonia - Integration in General 3 2. Portfolio Combined – TAG&Colonia 4 3. Portfolio Vacancy – TAG Track Record 5 4. Portfolio Salzgitter – in General 6 5. Macro Location 7 6. History 8/9 7. Micro Location 10/11 8. Portfolio – Lebenstedt 12 9. Portfoli
Slide 3: Colonia - Integration in General
Colonia - Integration in General Corporate integration • Done: Management, Acquisition, IR, PR, HR, IT, Cash Management, Refinancing, Legal, Controlling • In process: Third Party Asset Management, Accounting Property Tour Salzgitter 2011 (multi stage process over the course of this year) Operational
Slide 4: Portfolio Combined – TAG & Colonia
Portfolio combined – TAG & Colonia Total TAG Colonia Units (residential) 26,783 7,711 19,012 Floor Area sqm 2,014,448 848,498 1,165,950 Real Estate Volume mn 1.8 1.0 0.8 Vacancy % 5.3 14.4 Property Tour Salzgitter 2011 Net Actual EUR/sqm 6.11 4.69 Hamburg Berlin Salzgitter Salzgitter Dusseldorf Leip
Slide 5: Vacancy – TAG Track Record
Portfolio Vacancy – TAG Track Record Property Tour Salzgitter 2011 Why we believe to be able to reduce vacancy in Salzgitter TAG I 5
Slide 6: Salzgitter – in General
Portfolio Salzgitter – in General Units (residential) 8,714 Floor Area sqm 532,480 Real Estate Volume EUR 345,757 Vacancy % 24.0 Property Tour Salzgitter 2011 Net Actual EUR/sqm 4.68 Vacant Units (residential) 1,923 Salzgitter TAG I 6
Slide 7: Macro Location Salzgitter
Macro Location Salzgitter Area km² 223,91* Habitants 104,000 Local Centres 7 Districts 31 Property Tour Salzgitter 2011 Berlin 891 km² TAG I 7
Slide 8: History Salzgitter 1939-1941
History Salzgitter 1939-1941 Property Tour Salzgitter 2011 Salzgitter is one of the very few new cities founded in the 20th century in Germany. TAG I 8
Slide 9: History Salzgitter 1939-1941
History Salzgitter 1939-1941 Property Tour Salzgitter 2011 „Hermann Göring – Steelwork“ It was planned as an industrial town for up to 350,000 inhabitants. There were rich iron ore deposits in the region. TAG I 9
Slide 10: Micro Location, Salzgittersee - Lebenstedt
Micro Location, Salzgittersee - Lebenstedt Property Tour Salzgitter 2011 TAG I 10
Slide 11: Micro Location Salzgitter
Micro Location Salzgitter Portfolio Units Lebenstedt 6,267 Fredenberg 2,082 Hallendorf 365 Property Tour Salzgitter 2011 Fredenberg Inhabitants in these districts 41,000 (40%) TAG I 11
Slide 12: Lebenstedt
Portfolio - Lebenstedt Residential units 6,267 sqm 356,368 Actual rent EUR/pm 1,372,833 EUR/sqm 4.69 Property Tour Salzgitter 2011 Vacancy rate in % 17.9 TAG I 12
Slide 13: Fredenberg
Portfolio - Fredenberg Residential units 2,082 sqm 155,069 Actual rent EUR/pm 474,616 EUR/sqm 4.53 Property Tour Salzgitter 2011 Vacancy rate in % 36.2 TAG I 13
Slide 14: Hallendorf
Portfolio - Hallendorf Residential units 365 sqm 21,043 Actual rent EUR/pm 57,208 EUR/sqm 4.42 Property Tour Salzgitter 2011 Vacancy rate in % 38.4 TAG I 14
Slide 15: Salzgitter – Financials (Estimates)
Portfolio Salzgitter – Financials (Estimates)* status quo (run rate 2010) TEUR Rental Value 30,200 Current rent in place 23,500 Property Tour Salzgitter 2011 Service charge leakage due to vacancy -3,500 Other service charge leakage -1,100 Marketing -1,200 Maintenance -3,300 External managers -3,500
Slide 16: Salzgitter – Concrete Next Steps
Portfolio Salzgitter – Concrete Next Steps Vacancy reduction • Overall vacancy in Salzgitter: 10% • Vacancy in our portfolio: 22% • We are in above-average location…making a single digit vacancy target obvious. Property Tour Salzgitter 2011 • 2.000 units are missing for elderly tenants. • Chances/an
Slide 17: Salzgitter – Concrete Next Steps
Portfolio Salzgitter – Concrete Next Steps Service charge leakage • Vacancy reduction alone helps • We are missing meters for most utilities • Unfortunate contractual issues • Mistakes in previous year’s service charges reconciliation Property Tour Salzgitter 2011 • Opportunities in changing service
Slide 18: Disclaimer
Disclaimer Disclaimer and Copyright This document (presentation) does not constitute an offer or invitation or form part of an offer or invitation to subscribe for or purchase any securities and, neither this document or anything contained herein shall form the basis of any contract of commitment wh
Slide 19: Contact Details
Contact Details TAG Immobilien AG Britta Lackenbauer/ Dominique Mann Investor & Public Relations Steckelhörn 5 Telephone: +49 40 380 32-386 / -305 20457 Hamburg Telefax: +49 40 380 32-390 ir@tag-ag.com Property Tour Salzgitter 2011 Telephone: +49 40 380 32-300 Telefax: +49 40 380 32-390 www.tag-ag.c