Investor Presentation FY2017
Projects Portfolio: Old Town
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Located at the heart of Sahl Hasheesh and overlooking the seaside promenade,
Old Town is the development's bustling downtown area
Premiere shopping and leisure destination with retail stores, restaurants,
cafes, spas and various water sport activities
Component
Quantity
Retail Shops (incl. F&B)
114
Office Space
3 Halls
Tenor
BUS
STOP
SAHL HASHEESH
ILGELATO
DI LIALINA
SAILORS
Total BUA (sqm)
BESTWAY
Supermarket
Colliers
INTERNATIONAL
ERC consulted with Colliers International in 2017
on the retail strategy for Old Town
Grace Period
5 years Longer tenors are subject to BoD approval
2 years
c. 7,343
c. 1,397
Rental Scheme
Annual Escalation
Security Deposit
A - Fixed monthly rental fee/sqm based on activity and location, and
B - Revenue sharing agreement (0% during grace period / 10% yrs 3 & 4 / 15% yr
5)
10% on rental price applicable starting the grace period. On the first year of
payment (year 3) tenants will pay the contractual monthly rent + 20%
Three-months rent
Maintenance Fee
EGP 15 / sqm in 2017 with a 10% annual increase starting in 2018
Termination
Penalty
In cases in which a lessee terminates the contract before the lapse of the lease
term, the lessee will pay the value of the rent for the grace period
Investor Presentation FY2017
XXXXX
Leardone
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