Ireit Global · SGX:8U7U
Ireit Global — Merger or Acquisition (June 2015)
14 slides from Ireit Global's merger presentation, Jun 30, 2015
Slide 1: Acquisition of Berlin Property
ACQUISITION OF BERLIN PROPERTY 30 JUNE 2015 Berlin Property 1
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumpti
Slide 3: Key Details of Berlin Property Acquisition
Key Details of Berlin Property Acquisition Schreiberhauer Straße 2, 4, 25,018 sq m 6, 8, 10, 12, 14, 16, 18, 20 Site Area Property Address (269,291 sq ft)2 and 22, Berlin 10317, 79,097 sq m Germany Lettable Area (851,392 sq ft)2 Property Type Office Car Park Spaces 496 Completion Year 1994 €144.2 mi
Slide 4: Berlin Property
Berlin Property Property comprises two fully connected building sections of 8 storeys and 13 storeys, respectively Located in the district of Lichtenberg, 6 km east of Berlin city centre Within walking distance to the Ostkreuz railway station In 2017/2018, train station will expand to offer regional
Slide 5: Strategic Location within Berlin
Strategic Location within Berlin ‘ABBA’ Investment Strategy at Work ‘B’ Property in ‘A’ City Legend S-Bahn Station Retail Tram Station Cafes F&B 5
Slide 6: Key Fundamentals of the Acquisition
Key Fundamentals of the Acquisition 1 Accretive Acquisition 2 Berlin, a Leading City 3 Strong Principal Tenant with Long Lease 4 Increase in Portfolio Size, Diversification & WALE 5 Resilient German Economy 6
Slide 7: Accretive Acquisition
Accretive Acquisition Annualised NPI Yield (%) Annualised DPU Yield (%) 9.6% 4 8.3% 3 7.1% 2 6.7% 1 Existing Portfolio Berlin Property Existing Portfolio Enlarged Portfolio Pro-Forma Pro-Forma Note: 1) Based on the annualised NPI of the existing portfolio for the Pro Forma Financial Year 2014 divide
Slide 8: Berlin, a Leading City
Berlin, a Leading City 1 Strongest developing economic region in Germany 2 Capital of politics and research Münster Berlin 3 Office market, growing and highly demanded asset class Bonn 4 Population of over 3.5 million Darmstadt 5 Europe’s no.1 property boom market Munich Source: DTZ Berlin Office Va
Slide 9: Diversified Tenant Mix & Stable Long Leases
Diversified Tenant Mix & Stable Long Leases Top 5 Tenants Profile – by gross rental income Pre-Acquisition Post-Acquisition DRB Deutsche Strong and Stable Deutsche 37.2% Telekom Principal Tenant - DRB Telekom 77.2% 48.5% A federal pension fund ST Micro- and the largest of the electronics 7.1% ST M
Slide 10: Increase in IREIT Portfolio
Increase in IREIT Portfolio Total Asset Value Occupancy rate €438.0 million1 99.8% €290.6 million (As at 31 March 2015) 100.0% (As at 31 March 2015) Net Lettable Area Car Park Spaces 200,603 sq m 3,441 121,506 sq m (As at 31 March 2015) 2,945 (As at 31 March 2015) Number of Tenants WALE 18 7.5 years
Slide 11: Resilient German Economy
Resilient German Economy Germany is the largest economy in the Eurozone Approximately 28% of Eurozone’s GDP 2014 GDP of €3.5 trillion ‘AAA’ credit rating with stable outlook from Fitch Inc, Moody’s and Standard & Poor’s1 Businesses still thriving amidst economic slowdown Rise in official wages and l
Slide 12: Financing Details
Financing Details Acquisition will be funded by a combination of Equity and Debt Issuance of Rights Issue Aim to raise gross proceeds of S$88.7 mil Issue Price of S$0.468 per Rights Unit Rights Issue will increase the number of Units in issue by 189,607,567 Units IREIT will draw down a loan of a gro
Slide 13: END
IREITGlobal INVEST GLOBALLY SAVE LOCALLY END 13 ns Ww WW.ireitglobal.com
Slide 14: Appendix
Appendix 1 REITGlobal INVEST GLOBALLY SAVE LOCALLY vy,