Investor Presentaiton
UNIQUE DEVELOPMENT PIPELINE
Unlocking significant embedded value through development projects
As of 30 June 2020
UNDER CONSTRUCTION
TOTAL
INVESTMENT
INVESTMENT
EXPECTED
IN-PLACE
REVALUATION
GAIN
TOTAL GLA
CITY
(ths. sq m)
COST
(€m)
(1)
COST(1)
(€m)
RENT
(€m)
RECOGNIZED
(€m)
BOOK
VALUE
(€m)
EXPECTED
DEVELOPMENT
YIELD
(%)
EXPECTED
COMPLETION
ABC II
Sofia
17.8
24.2
33.4
3.2
0.4
24.6
9.6%
Q4 2020
Matrix B
Zagreb
10.7
17.4
20.2
1.8
0.5
17.9
8.9%
Q4 2020
Pillar
Budapest
29.0
36.4
83.3
6.1
8.8
45.2
7.3%
Q4 2021
TOTAL
57.5
78.0
136.9
11.1
9.7
87.7
READY TO BE LAUNCHED IN 24 MONTHS
GTC X
Belgrade
16.8
10.0
35.8
3.5
Tower Mall of Sofia
Sofia
7.7
0.6
12.0
1.3
Center Point 3
Budapest
35.5
17.7
98.6
7.6
TOTAL
60.0
28.3
146.4
12.4
10.0
9.8%
Q2 2022
0.6
10.8%
17.7
7.7%
Q2 2022
2022
28.3
PLANNING STAGE
Moderna
Katowice
18.3
3.4
39.4
3.4
(0.3)
3.1
8.7%
2022
City Rose Park
Bucharest
50.1
15.5
121.9
9.7
15.5
8.0%
2023
The Twist
Budapest
37.0
14.8
100.2
8.4
14.8
8.4%
2023
Zielone Tarasy
Warsaw
61.0
32.7
180.0
18.0
32.7
10.0%
2025
Matrix future phases
Zagreb
55.0
14.6
110.0
10.0
14.6
9.1%
2023-2026
TOTAL
221.4
81.0
551.5
49.5
80.7
GRAND TOTAL
338.9
187.3
834.8
73.0
9.4
196.7
Source: GTC Note: (1) Investment cost includes cost of land, construction cost, marketing cost and cost of finance;
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