ADLER Real Estate AG: Property tour 1 CMD Agenda 10.30 - 11.00 - - PowerPoint PPT Presentation

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Sep 15, 2023 503 likes •580 views

ADLER Real Estate AG: Property tour 1 CMD Agenda 10.30 - 11.00 Centrovital hotel registration with breakfast 11.00 - 12.00 Management presentation 12.30 - 13.30 Viewing of flats in Spandau 14.15 - 15.45 Boat trip with

SLIDE 1

ADLER Real Estate AG: Property tour

SLIDE 2

CMD Agenda

10.30 - 11.00 Centrovital hotel – registration with breakfast
11.00 - 12.00 Management presentation
12.30 - 13.30 Viewing of flats in Spandau
14.15 - 15.45 Boat trip with lunch from Spandau to Wasserstadt Mitte
16.15 - 17.00 Viewing of Wasserstadt Mitte development
17.00 - 18.00 BBQ
Afterwards Transfer to Tegel Airport

SLIDE 3

Spandau

SLIDE 4

Spandau – pre capex

Cosmarweg 49-59 Vacant flat - pre capex spending

■ Cosmarweg 51b ■ 3 bedroom flat (86 sqm) ■ Average rent: €5.21/sqm/month ■ Market rent (excl. capex): €7.17/sqm/month

Type of use Residential Parking Total Units 171 7 178 Area (sqm) 11,703 11,703 ø Unit (sqm) 68 Vacancy % 3.1% Rent (€/sqm/month) 5.54 Total rent (€) 754,026 3,420 757,446

34 27 16 91 3 20 40 60 80 100 < 45 sqm >= 45 und < 60 sqm >= 60 und < 75 sqm >= 75 und < 90 sqm >= 90 sqm

Portfolio split by apartment size

SLIDE 5

Spandau – post capex

Pillnitzer Weg 25-41, Cosmarweg 33-47 Renovated flat - post capex spending

■ Pillnitzer Weg 33 ■ 2 bedroom flat (76 sqm) ■ Average rent pre capex: €5.36/sqm/month ■ Market rent (excl. capex): €6.99/sqm/month ■ Average rent post capex: €8.5/sqm/month

39 115 60 250 2 50 100 150 200 250 300 < 45 sqm >= 45 und < 60 sqm >= 60 und < 75 sqm >= 75 und < 90 sqm >= 90 sqm

Portfolio split by apartment size Type of use Residential Commercial Parking Other Total Units 466 2 87 1 556 Area (sqm) 32,450 158 32,608 ø Unit (sqm) 70 79 Vacancy % 2.5% Rent (€/sqm/month) 5.59 Total rent (€) 2,120,631 23,093 200 2,143,923

SLIDE 6

Riverside project (Wasserstadt-Mitte)

Inner-city district in the area between Berlin Central Station and the Government District

▪ Secured contract with general contractor ▪ Strategically located in the government district close to Berlin’s main station ▪ Currently in ADLER’s balance sheet at €364.6m with 4.9% NIY ▪ GDV at completion is €451.8m ▪ Overall 755 residential units (498 apartments and 255 micro- apartments) ▪ Expected completion by the end of 2019 ▪ Full rental income from September 2020 onwards

Project information ▪ Total rentable space of c. 50,240 sqm and landbank with a planning permission for c. 10,600 sqm GFA ▪ Financing secured and in line with target to reduce LTV < 55% ▪ Strengthening of position in attractive Berlin market

SLIDE 7

Riverside project (Wasserstadt-Mitte)

Flat Micro flat Penthouse flat Marketing suite # of bedrooms 5 x 1 bedroom 4 bedrooms 2 bedrooms Size (sqm) 27-38 sqm 113.5 sqm 78.6 sqm Estimated average rent (€/sqm/month) 19.6-23.0 (unfurnished) 26.0 (furnished) 20.0 16.6-19.9 (avg. 2 bedroom flat)