Investor Presentaiton
UNIQUE DEVELOPMENT PIPELINE
Unlocking significant embedded value through development projects
As of 30 September 2020
UNDER CONSTRUCTION
INVESTMENT
TOTAL
INVESTMENT
TOTAL GLA
COST (1)
CITY
(ths. sq m)
(€m)
COST(1)
(Єm)
EXPECTED
IN-PLACE
RENT
(€m)
REVALUATION
GAIN
BOOK
EXPECTED
DEVELOPMENT
RECOGNIZED
(€m)
VALUE
(Єm)
YIELD
(%)
EXPECTED
COMPLETION
ABC II
Sofia
17.8
30.1
33.4
3.2
2.8
32.9
9.6%
Q4 2020
Matrix B
Zagreb
10.7
17.5
20.2
1.8
0.7
18.2
8.9%
Q4 2020
Pillar
Budapest
29.0
38.6
83.3
6.1
14.4
53.0
7.3%
Q4 2021
Sofia Tower 2
Sofia
8.3
0.7
13.4
1.5
0.7
11.2%
Q2 2022
TOTAL
65.8
86.9
150.3
12.6
17.9 10
104.8
READY TO BE LAUNCHED IN 24 MONTHS
GTC X
Belgrade
16.8
10.1
35.8
3.5
10.1
9.8%
2023
Center Point 3
Budapest
35.5
18.3
98.6
7.6
18.3
7.7%
2023
TOTAL
52.3
28.4
134.4
11.1
28.4
PLANNING STAGE
The Twins
Budapest
38.0
14.9
105.0
8.2
14.9
7.8%
2024
Moderna
Katowice
18.3
3.4
39.4
3.4
(0.3)
3.1
8.7%
2024
City Rose Park
Bucharest
50.1
15.5
121.9
9.7
15.5
8.0%
2024
Platinium 6
Warsaw
13.5
2.1
31.4
2.5
2.1
8.0%
2024
Zielone Tarasy
Warsaw
61.0
32.7
180.0
18.0
32.7
10.0%
2025
Matrix future pahses
Zagreb
55.0
14.6
110.0
10.0
14.6
9.1%
2023-2026
TOTAL
235.9
83.2
587.7
51.8
(0.3)
82.9
GRAND TOTAL
354.0
198.5
872.4
75.5
17.6
216.1
Source: GTC Note: (1) Investment cost includes cost of land, construction cost, marketing cost and cost of finance;
51
| ANNEX II |
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