101 / 236
Inventory of buildings excluding investment properties
Property
Superstructure
(in m²)
Contractual rent
1
(x 1,000EUR)
Occupancy
rate
Tenant
FINANCIAL ASSETS UNDER FINANCE LEASES
Courthouse - Antwerp
72,132
1,389
100% Buildings Agency (Belgian Federal
State)
Fire station - Antwerp
23,323
193
100%
City of Antwerp
Police station - Hekla zone
3,800
647
100%
Federal Police
Depage student housing residence - Brussels
3,196
81
100% Université Libre de Brussels
(ULB – Brussels University)
Nelson Mandela student housing residence - Brussels
8,088
1,200
100% Université Libre de Brussels
(ULB – Brussels University)
Prison - Leuze-en-Hainaut (Belgium)
28,316
756
100%
Buildings Agency
(Belgian Federal State)
ASSETS HELD IN JOINT VENTURES
EHPAD Les Musiciens - France
4,264
1,340
100%
ORPEA
Inventory of property assets
Segment
Acquisition price
(x 1,000,000EUR)
Insured value
2
(x 1,000,000EUR)
Fair value
(x 1,000,000EUR)
Gross rental yield
(in %)
Healthcare real estate
1,116
115
1,328
6.26%
Offices
1,538
1,467
1,241
7.82%
Property of distribution networks
534
36
538
6.58%
Other
21
21
27
6.99%
TOTAL
3,209
1,639
3,134
6.92%
Overview 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.
Address
Address
Year of
construction (last
renovation)
Superstructure
(in m²)
Contractually
collected rents
(x 1,000EUR)
Occupancy
rate
3
Estimated Rental
Value (ERV)
4
(x 1,000EUR)
SOUVERAIN 23-25
Boulevard du Souverain/
Vorstlaan 23-25 - 1170 Brussels
S25: 1970
S23: 1987
56,891
11,644
100%
11,521
EGMONT I
Rue du Pépin/Pepijnstraat 36 -
1000 Brussels
1997
36,616
3,144
5
100%
3,144
BOURGET 42
Avenue du Bourget/
Bourgetlaan 42 - 1130 Brussels
2001
25,756
3,988
83%
4,003
GEORGIN 2
Avenue Jacques Georgin/J.
Georginlaan 2 - 1030 Brussels
2007
17,439
3,135
100%
2,976
ALBERT 1
er
4 - CHARLEROI
Rue Albert 1
er
4 -
6000 Charleroi
1967 (2005)
19,189
2,706
100%
2,712
THE GRADIENT (formerly Tervuren
270-272)
Avenue de Tervuren/
Tervurenlaan 270-272 -
1150 Brussels
1976 (2013)
19,579
2,348
64%
3,503
DAMIAAN - TREMELO
Pater Damiaanstraat 39 -
3120 Tremelo
2003 (2014)
20,274
2,463
100%
2,210
SOMBRE 56
Rue Sombre/Donkerstraat 56 -
1200 Brussels
2004 (2012)
7,196
2,506
100%
2,506
SERENITAS
Avenue Van Nieuwenhuyse/
Van Nieuwenhuyselaan 2-6 -
1160 Brussels
1995
19,823
3,467
94%
3,172
COCKX 8-10 (Omega Court)
Rue J. Cockx/J. Cockxstraat
8-10 - 1160 Brussels
2008
16,557
1,466
54%
2,629
Other
1,489,724
173,353
96%
179,084
TOTAL
1,729,044
210,220
95%
217,460
1
Non-assigned part of the rents, which varies between 4.0% and 100%.
2
Excluding for vacant buildings, this amount does not include the insurances taken during works, nor those that are borne by the occupant as stated in the contract (i.e. for the nursing
homes in Belgium and in France, the pubs of the Pubstone portfolio as well as some office buildings), nor those related to lease finance contracts. Furthermore, this amount does not
include the MAAF buildings-related insurances (first rank insurance on all the freehold properties and second rank insurance on the co-owned properties) which are covered for the
value of their reconstruction.
3
The occupancy rate is calculated as follows: contractual rents divided by contractual rents + ERV (Estimated Rental Value) on unlet spaces.
4
The determination of the Estimated Rental Value takes into account market data, the property’s location, its quality, the number of beds for healthcare assets and, if available, the
tenant’s financial data (EBITDAR).
5
Writeback of lease payments sold and discounted.
97