Argentum

G4S HQ

Tenant

G4S Security Services A/S

Guarantor (if any)

Lease premises

Total GLA of 8,630 sqm. The lease premises comprise 7,079 sqm of combined office space and common areas located on the ground, 1st and 2nd floors, 1,111 sqm of basement and 440 sqm of atrium area.

Parking

The lease includes 175 outdoor parking spaces.

Lease commencement

The lease commenced on 1 October 2006.

Lease term and termination

The lease term is 15 years of non-terminability plus a notice period of 6 months. According to the lease agreement, the lease is non-terminable until 1 Juli 2021. The landlord may terminate the lease subject to the same terms that apply for the tenant. The tenant pays an annual base rent of DKK 955.5 per sqm for office and atrium space and DKK 366 per sqm for the basement area. Please refer to p. 46 for the indexed rental rates as per 1 January 2018. The rent is adjusted annually on 1 October, in accordance with the increase in the NPI from July to July, subject to indexation of minimum 2.00% and maximum 4.00%.

Rent

Rent adjustment

Payment terms

Rent payments are due quarterly in advance.

Security deposit

Cash deposit equivalent to six months' rent at all times. If the rent is adjusted, the landlord may ask the tenant to provide an additional deposit to cover the 6-month rent deposit requirement. Both the tenant and the landlord can request that the rent is adjusted to market rent in accordance with section 13 of the Danish Commercial Lease Act. Neither party can request an adjustment in the non-terminability period.

LEASE ABSTRACT

Market rent review

Operating expenses

The tenant pays all costs related to the taxes, insurance and operating costs of the property.

Maintenance, repairs and renewals The tenant is obliged to maintain, repair and renew everything but the building envelope, including the outside of windows and doors.

Utilities

The tenant pays all costs related to the consumption accounts (heating and water) of the property. The tenant is also responsible for its own consumption of electricity and waste disposal. Subject to landlord approval, the tenant has the right to fully or partially sublet the lease premises. The landlord can only reject subletting the lease if the subtenant does not posess sufficient professional skills or is not financially viable. If the subtenant pays a rent that exceeds the tenant's rent, the landlord is entitled to half of the difference in rents. Sublease within the group of of the tenant is not considered a sublease according to the lease agreement.

Subletting

Assignment

The lease cannot be assigned to a third party.

Surrender of the premisses

Upon vacating the premisses, the tenant must deliver the Property in a refurbished condition as regards surfaces such as walls and floors, which must be newly painted and have new carpets, respectively. The Property is to be cleared and cleaned.

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