Argentum

INVESTMENT HIGHLIGHTS

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Diversified cash flow With two multi-tenant and three single-tenant o ce properties housing a total of 32 tenants representing a large variety of industries, the Portfolio generates a highly diversified cash flow. The robustness of the Portfolio is underpinned by slightly di…erent Property profiles such as the modern and e cient Fairway House, the state-of-the-art Danish IBM headquarters in picturesque surroundings and the centrally located shopping and o ce area Algade in Roskilde. €

Danish high-volume o ce portfolio Five high-quality o ce properties comprising a total GLA of around 46,000 sqm provide an estimated stabilised NOI of DKK 49.9m p.a. The Portfolio currently boasts an economic occupancy rate of above 94% and generates actual rental income of DKK 48.9m p.a. There is still some potential to bu… rental income, e.g. by hiking underrented areas like Nestlé’s, leasing vacant areas and converting o ces into residential units on Algade.

Blue-chip tenants The Portfolio enjoys strong income security with top-tier multinationals like IBM, Q8, Nestlé and G4S accounting for the vast majority of the rental income. The robust banks, Nordea and Arbejdernes Landsbank, together with the public entity, Københavns Ejendomme, ensure additional income security as occupiers on Algade and at Sundhedshus Vanløse. Of the Portfolio’s financially sound anchor tenants, six are part of companies boasting investment grade credit ratings or with public ownership.

Favourable outlook for the Greater Copenhagen o ce market As the Danish economy has accelerated in recent years, displaying solid GDP growth and rising employment particularly in the knowledge industries, occupier demand for o ce space has risen. As a result, the Greater Copenhagen o ce market is seeing improved vacancy rates and uptrending rental rates. The Portfolio is well positioned to take advantage of the positive outlook for the occupational o ce market.

PROJECT ARGENTUM

Excellent investment conditions Boasting AAA rated government bonds and a solid economy, Denmark is considered a safe haven and one of the most stable regions for investments in Europe. Another factor reducing investment risk is the DKK-EUR peg. In addition, the liquid and e cient Danish bond-backed mortgage system provides for highly competitive financing opportunities.

Outstanding accessibility With well-connected locations in the individual submarkets, the Properties are easily accessible via private and public transportation. Located near Copenhagen, the properties can be reached in less than 25 minutes’ drive, Algade within 45 minutes, and four out of five properties have metro or train stations less than 10 minutes’ walk away.

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