Investor Presentaiton
2
740 k sqm Additional GLA Under Construction as of Dec-20A to be Delivered in
2021(1)
44 Projects Corresponding to 740 ksqm additional GLA / 12% Target Yield on Cost / 63% Pre Let
Breakdown of Pipeline Under Construction (1) Dec-20A
Illustrative Projects
k sqm
CZ
Extension (Bor)
29
740
60
100%
161
74%
178
100%
93%
311
79%
CZ
Capital/Major Cities
RO
HU
Other Parks within the Country
87%
SK
SR
Total
Pipeline Breakdown
Pipeline Overview
Location (%)
Leasing Status (%)
ЄMM unless otherwise stated
100%
Existing
Sites
projects
GLA Total
(ksqm) Capex(2)
Avg Cost
1 sqm (€) (4)
37%
To be let
CZ
25
312
187
599
Notes:
RO
6
178
70
393
EVERGREEN
ctp
Capex (2)
in '21
103
50
56
45
• Medium-term Yield on Cost target of >10% on future
developments, supported by:
1. Controlled land bank - Covering several years of
development / no exposure to land cost inflation
2. Quality of location of our parks
3. Significant proportion of "captive" demand from tenants
willing to grow on same site (more expensive to move)
4. In-house general contractor - Construction margin
internalized
5. Disciplined pre-letting approach - Only limited speculative
development
6. Low vacancy + robust demand + controlled supply by
disciplined institutional players in our markets
HU
6
161
76
472
45
SK
co
6
60
21
350
14
SR
1
29
19
655
17
63%
Pre-Let
Total
44
740
373
505
235
1. Including 16.6k sqm to be completed in 2022
2. Construction capex (owned land)
4. Includes clients fit out
3. Based on pre-let contracts, calculated as rental value (signed in lease agreements) divided by development cost including land
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