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Inventory of buildings excluding investment properties
Property
Superstructure
(m²)
Contractual rent
1
(x €1,000)
Occupancy
rate
Tenant
Financial assets
Courthouse - Antwerp
72,131
1,366
100%
Buildings Agency
Fire station - Antwerp
23,585
189
100%
City of Antwerp
Police station - HEKLA zone
4,805
N/A
100%
Federal Police
Depage student housing residence - Brussels
3,196
355
2
100%
Université Libre de Brussels
(ULB – Brussels University)
Nelson Mandela student housing residence -
Brussels
8,088
81
100%
Université Libre de Brussels
(ULB – Brussels University)
Assets held in joint ventures
EHPAD Les Musiciens - France
4,264
1,324
100%
Orpea France
Prison - Leuze-en-Hainaut
3
N/A
N/A
N/A
N/A
Inventory of property assets
Segment
Acquisition price
(x €1,000,000)
Insured value
4
(x €1,000,000)
Fair value
(x €1,000,000)
Gross rental yield
(in %)
Offices
2,020.8
1,784.6
1,524.8
7.77
Healthcare real estate
988.4
1,228.2
6.31
Property of distribution networks
535.6
532.8
6.61
Other
56.1
21.0
61.1
7.06
TOTAL
3,600.9
1,805.6
3,347.0
7.03
In the case of healthcare real estate and property of distribution networks, the insurances are contractually taken by the tenants. The portfolio is thus
100% insured.
1
Non-assigned part of the rents, which varies between 4% and 100%.
2
Contractual rent from 10.09.2013 to 31.12.2013.
3
The prison of Leuze-en-Hainaut is under development.
4
This amount does not include the insurances taken during works, nor those relating to finance leases. The insured value comprises the full value, land excluded, of the office buildings of
which the receivables were sold, whereas the fair value of these buildings only represents the residual value of the building after the sale of its receivables.
5
The occupancy rate is calculated as follows: contractual rents divided by rents + ERV on unlet spaces.
6
Writeback of lease payments sold and discounted.
Property
Address
Year of
construction/
last renovation
(extension)
Superstructure
(in m²)
Contractual
rents
(x €1,000)
Occupancy
rate
2013
5
Estimated
Rental
Value
(ERV)
NORTH GALAXY
33/37 Boulevard Albert II/Albert II-laan
1000 Brussels
2005
105,420
17,131
6
100%
17,131
SOUVERAIN/VORST
23-25
23/25 Boulevard du Souverain/Vorstlaan
1170 Brussels
S/V25: 1970
S/V23: 1987
56,891
11,514
100%
10,437
EGMONT I
36 Rue du Pépin/Kernstraat
1000 Brussels
1997
36,616
2,430
6
100%
2,430
BOURGET 42
42 Avenue du Bourget/Bourgetlaan
1130 Brussels
2001
25,756
4,447
86%
3,940
GEORGIN 2
2 Avenue Jacques Georgin/Jacques
Georginlaan - 1030 Brussels
2006
17,439
3,105
100%
2,665
TERVUEREN/
TERVUREN 270-272
270/272 Avenue de Tervueren/
Tervurenlaan - 1150 Brussels
2013
19,043
1,978
56%
3,623
SERENITAS
2/6 Avenue Van Nieuwenhuyse/Van
Nieuwenhuyselaan - 1160 Brussels
1995
19,823
3,454
93%
3,041
ALBERT I
er
4 -
CHARLEROI
Rue Albert 1
er
, 4
6000 Charleroi
2004
19,189
2,686
100%
2,180
COCKX 8-10
8/10 Rue Jules Cockx/Jules Cockxlaan
1160 Brussels
2008
16,557
2,529
86%
2,763
DAMIAAN - TREMELO
Pater Damiaanstraat, 39
3120 Tremelo
2003 (2012)
20,274
2,432
100%
2,215
Other
1,516,459
172,678
96%
169,770
TOTAL
1,853,467
224,385
95.43%
220,196
Review of the consolidated property portfolio
The assumptions used for the estimation of the rental value are based on rental transactions observed on the market taking into account the location
and the type of asset.
Management Report /
Property Report
120
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