Investor Presentaiton
Real Estate Projects Standard Economics
Commercial and residential development in Sahl Hasheesh offer highly
attractive development economics
Build-to-Lease
With an expected payback
period of just over 3 years,
commercial build-to-lease
projects quickly generate
consistent cash flows.
2,000
143
238
Footprint designated for
commercial and
entertainment space
•
Leasing Terms:
Flexible performance-based leases
115,188 m²
⚫ Lease Rates:
Subject to yearly review/escalation
Net Area Available for
Lease
217,275 m²
USD/m²
Floor/Area Ratio (FAR)
1.89
Net Area Developed and
Available for Lease
31,309 m²
Weighted Average Construction Cost (incl. land)
Weighted Average Lease Rate/Year (est.)
Pay Back Period (years)
$ 780
$250
3.12
600
50
55% EBITDA margin
1,113
Sales Price Land Plot Price Implied Plot Price Construction Cost Overheads
EBITDA
ERC/TDA Building Restrictions:
20% footprint
Ground + 3 floors (sellable)
Land Cost Price x 1.67
Build-to-Sell
Attractive build-to-sell
economics, which apply to
most sub-developers, provide
robust medium term returns.
26
Investor Presentation 2012
ERC
Egyptian Pesorts CompanyView entire presentation