TAB Feb 2019

Strictly Private & Confidential

19 February 2019

Contents Procedure ...............................................................................................................................................2 Assumptions...........................................................................................................................................3 The Holding.............................................................................................................................................4 The Budget – Gross Margin...................................................................................................................5 The Budget – Other incomes.................................................................................................................7 The Budget - Summary ..........................................................................................................................8 Comparable Evidence............................................................................................................................9 Conclusion ........................................................................................................................................... 11 Rent Apportionment for Ownership ................................................................................................... 12 Appendix 1 – Plan ............................................................................................................................... 13

BROWN&CO | Calculations

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