FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ... FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
Appendix 3 – Schedule of Values 133 Fund Ref Property Net Market Value 31/5/05 Notes Market rent Capitalisation Rate Gross Initial Yield Net Initial Yield Reversion yield Vacant Possession Value Reinstatement cost Proudreed 12 ORMES-SARAN 9,080,000u 1 1,129,380u 10.00% 0.00% -2.79% 11.74% 9,080,000u 10,580,000u 2PI 24 CREIL ZAC du Parc Alata 3,950,000u 323,500u 7.90% 8.12% 8.12% 7.72% 2,980,000u 3,220,000u 2PI EPONE 6,420,000u 525,320u 8.50% 8.93% 8.93% 8.22% 4,540,000u 5,190,000u 2PI 25 GOINCOURT 31, rue Juliette Névouet 3,970,000u 390,050u 8.50% 8.63% 8.63% 8.63% 3,480,000u 3,990,000u 2PI 26 LISSES 7, rue des Mâlines 91090 Lisses 1,370,000u 131,725u 9.25% 9.34% 9.34% 9.34% 1,110,000u 1,200,000u 2PI 27 ORMES 45 rue de Paradis 8,890,000u 914,900u 9.00% 9.18% 9.18% 9.18% 6,540,000u 10,580,000u 2PI 28 NEUILLY, 45 rue des Frères Lumière 2,690,000u 251,648u 10.00% 10.10% 10.10% 10.50% 1,880,000u 3,040,000u 2PI 31 VALENCIENNES 201 av Desandrouins 1,830,000u 298,575u 9.75% 8.67% 8.67% 9.86% 1,270,000u 8,440,000u PPP 51 ARGENTEUIL Sainthimat Rue A Croizat 4,850,000u 445,610u 9.00% 6.17% 6.17% 10.25% 4,500,000u 2,300,000u PPMPP 77 CHATILLON S SEICHE Touche Tizon 11,910,000u 995,460u 9.00% 9.00% 9.00% 9.00% 8,890,000u 5,660,000u PPMPP 90 FLEURY LES AUBRAIS 12,280,000u 1,395,800u 9.85% 10.10% 10.10% 10.10% 9,550,000u 16,530,000u PPMPP 91 GOUSSAINVILLE Rue R Moinon 3,330,000u 352,406u 10.00% 9.24% 8.67% 10.45% 2,480,000u 3,560,000u PPMPP 93 GRISOLLES Les Molles 3,570,000u 365,456u 10.00% 10.26% 10.26% 10.26% 2,610,000u 4,110,000u PPMPP 95 MARLY LA VILLE 10,590,000u 978,360u 9.00% 4.71% 4.71% 8.72% 8,000,000u 9,140,000u PPMPP 97 MITRY Corio 4 rue Becquerel 1,390,000u 152,388u 9.25% 10.06% 9.96% 10.52% 1,100,000u 1,820,000u PPMPP 99 ORANGE Les Crémades 5,210,000u 662,740u 10.00% 10.26% 10.26% 10.26% 4,150,000u 10,320,000u Beaulieu 110 AIX EN PROVENCE 660 rue Guillaume du Vair 1,850,000u 126,034u 9.25% 9.25% 9.25% 9.25% 1,100,000u 1,850,000u Beaulieu 111 BEZONS av du Général Delambre 1,180,000u 117,770u 9.85% 8.73% 8.36% 10.16% 900,000u 1,330,000u Beaulieu 112 CLAMART 383, avenue du Général de Gaulle 9,410,000u 848,205u 8.75% 8.97% 8.97% 8.51% 7,360,000u 9,330,000u Beaulieu 114 EVREUX 1 rue Jacquard 1,940,000u 177,600u 9.00% 9.20% 9.20% 8.62% 1,510,000u 1,100,000u Beaulieu 116 LESQUIN - 15 rue des Famards 3,130,000u 304,127u 10.00% 9.05% 9.05% 9.96% 2,450,000u 3,320,000u Beaulieu 117 Marignier - ZAC des Pres paris - 696 avenue de l’industrie 1,230,000u 130,950u 10.00% 10.00% 10.00% 10.00% 920,000u 1,410,000u Beaulieu 118 NIORT 2 rue Robert Turgot 1,800,000u 200,000u 10.00% 10.00% 10.00% 10.00% 1,450,000u 2,760,000u Beaulieu 120 SARTROUVILLE Perriers Rue de la Beauce 4,820,000u 520,520u 9.65% 5.21% 4.11% 10.34% 4,110,000u 5,550,000 u Beaulieu 121 St Pierre en Faucigny - 310 avenue des Aravis Lance SA 1,550,000u 172,742u 10.25% 10.25% 10.25% 10.25% 1,160,000u 2,410,000u Beaulieu 123 St Pierre en Faucigny - Rue des Champs Plans Lance Ind 1,730,000u 182,094u 10.25% 10.25% 10.25% 10.25% 1,260,000u 2,580,000u Beaulieu 127 VENEUX LES SABLONS Rue Liberté 2,070,000u 2 212,450u 11.00% 9.99% 9.99% 11.36% 1,260,000u 3,620,000u Beaulieu 128 TEMPLEMARS 14 rue de l’Epinoy 1,650,000u 192,500u 10.75% 10.75% 10.75% 10.75% 1,390,000u 2,560,000u Beaulieu 130 STE CATHERINE LES ARRAS 162, route de Béthune 2,490,000u 273,250u 10.75% 10.75% 10.75% 10.75% 1,740,000u 5,580,000u Menelas 133 LA CHAPELLE D’AREMENTIERES - Rue Laennec 6,180,000u 3 555,175u 8.75% 3.68% 3.68% 9.21% 5,020,000u 5,920,000u Total 132,360,000w 13,326,735w Notes 1 Assumes conformity works completed 2 Additional rent of 30,000 u per annum payable from mid 2006 in return for works to roof (cost of works not deducted) 3 Lease on extension assumed to commence 1 November 2005
Appendix 4 Net Market Fund Ref Property Value 31/5/05 Market rent Cap Rate 5/05 PPP 12 VAIRES 2,475,000u Vacant Possession Value Reinstatement cost Note Value of site with CDEC and assuming the proposed project to Santhimat 134
- Page 83 and 84: provided however that no such termi
- Page 85 and 86: RESOURCES AVAILABLE TO THE BORROWER
- Page 87 and 88: Reserve. Furthermore, in the event
- Page 89 and 90: Obligor Post-Enforcement Priorities
- Page 91 and 92: Account following the occurrence of
- Page 93 and 94: (e) fifth, in or towards satisfacti
- Page 95 and 96: On delivery of a Note Enforcement N
- Page 97 and 98: VALUATION REPORTS 22 septembre 2005
- Page 99 and 100: We attach schedule of values, divid
- Page 101 and 102: 15 June 2005 Proudreed France Sarl
- Page 103 and 104: Finally, we would ask that neither
- Page 105 and 106: We attach schedule of values, divid
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- Page 109 and 110: Finally, we would ask that neither
- Page 111 and 112: We attach schedule of values, divid
- Page 113 and 114: 15 June 2005 Proudreed France Sarl
- Page 115 and 116: This valuation is provided for the
- Page 117 and 118: We confirm that we are able to comp
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- Page 121 and 122: This valuation is provided for the
- Page 123 and 124: We confirm that we are able to comp
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- Page 127 and 128: This valuation is provided for the
- Page 129 and 130: For recently completed developments
- Page 131 and 132: Schedule of Values - Appendix 1 130
- Page 133: Appendix 2 - Schedule of Values 132
- Page 137 and 138: We are in the opinion that the valu
- Page 139 and 140: Assets of the Issuer Receivables an
- Page 141 and 142: The Custodian will receive a fee, p
- Page 143 and 144: et seq. of the French Monetary and
- Page 145 and 146: THE BORROWERS The Paris Properties
- Page 147 and 148: • borrowing or more generally rai
- Page 149 and 150: Loan Capital: Commercial Mortgage L
- Page 151 and 152: − and generally all transactions
- Page 153 and 154: 7 rue d’Amiens S.C.I. Introductio
- Page 155 and 156: • granting any security interest
- Page 157 and 158: 1 - BALANCE SHEET - ASSETS Corporat
- Page 159 and 160: 3 - INCOME STATEMENT Corporate name
- Page 161 and 162: NOTES TO THE ACCOUNTS Before repart
- Page 163 and 164: FIXED ASSETS Corporate name: PARIS
- Page 165 and 166: RESERVES IN THE BALANCE SHEET Corpo
- Page 167 and 168: TABLE OF ACCRUED ASSETS AND ACCRUED
- Page 169 and 170: LEASING Corporate name: PARIS PROVI
- Page 171 and 172: AFFILIATED COMPANIES AND INVESTMENT
- Page 173 and 174: P.P.M.P.P. Financial Statements Yea
- Page 175 and 176: 2 - BALANCE SHEET - LIABILITIES AND
- Page 177 and 178: 3 - INCOME STATEMENT (CONTINUED) Co
- Page 179 and 180: Corporate name: P.P.M.P.P. FIXED AS
- Page 181 and 182: RESERVES IN THE BALANCE SHEET Corpo
- Page 183 and 184: TABLE OF ACCRUED ASSETS AND ACCRUED
Appendix 3 – Schedule of Values<br />
133<br />
Fund Ref Property<br />
Net Market<br />
Value<br />
31/5/05 Notes<br />
Market<br />
rent<br />
Capitalisation<br />
Rate<br />
Gross<br />
Initial<br />
Yield<br />
Net<br />
Initial<br />
Yield<br />
Reversion<br />
yield<br />
Vacant<br />
Possession<br />
Value<br />
Reinstatement<br />
cost<br />
<strong>Proudreed</strong> 12 ORMES-SARAN 9,080,000u 1 1,129,380u 10.00% 0.00% -2.79% 11.74% 9,080,000u 10,580,000u<br />
2PI 24 CREIL ZAC du Parc Alata 3,950,000u 323,500u 7.90% 8.12% 8.12% 7.72% 2,980,000u 3,220,000u<br />
2PI EPONE 6,420,000u 525,320u 8.50% 8.93% 8.93% 8.22% 4,540,000u 5,190,000u<br />
2PI 25 GOINCOURT 31, rue Juliette Névouet 3,970,000u 390,050u 8.50% 8.63% 8.63% 8.63% 3,480,000u 3,990,000u<br />
2PI 26 LISSES 7, rue des Mâlines 91090 Lisses 1,370,000u 131,725u 9.25% 9.34% 9.34% 9.34% 1,110,000u 1,200,000u<br />
2PI 27 ORMES 45 rue de Paradis 8,890,000u 914,900u 9.00% 9.18% 9.18% 9.18% 6,540,000u 10,580,000u<br />
2PI 28 NEUILLY, 45 rue des Frères Lumière 2,690,000u 251,648u 10.00% 10.10% 10.10% 10.50% 1,880,000u 3,040,000u<br />
2PI 31 VALENCIENNES 201 av Desandrouins 1,830,000u 298,575u 9.75% 8.67% 8.67% 9.86% 1,270,000u 8,440,000u<br />
PPP 51 ARGENTEUIL Sainthimat Rue A Croizat 4,850,000u 445,610u 9.00% 6.17% 6.17% 10.25% 4,500,000u 2,300,000u<br />
PPMPP 77 CHATILLON S SEICHE Touche Tizon 11,910,000u 995,460u 9.00% 9.00% 9.00% 9.00% 8,890,000u 5,660,000u<br />
PPMPP 90 FLEURY LES AUBRAIS 12,280,000u 1,395,800u 9.85% 10.10% 10.10% 10.10% 9,550,000u 16,530,000u<br />
PPMPP 91 GOUSSAINVILLE Rue R Moinon 3,330,000u 352,406u 10.00% 9.24% 8.67% 10.45% 2,480,000u 3,560,000u<br />
PPMPP 93 GRISOLLES Les Molles 3,570,000u 365,456u 10.00% 10.26% 10.26% 10.26% 2,610,000u 4,110,000u<br />
PPMPP 95 MARLY LA VILLE 10,590,000u 978,360u 9.00% 4.71% 4.71% 8.72% 8,000,000u 9,140,000u<br />
PPMPP 97 MITRY Corio 4 rue Becquerel 1,390,000u 152,388u 9.25% 10.06% 9.96% 10.52% 1,100,000u 1,820,000u<br />
PPMPP 99 ORANGE Les Crémades 5,210,000u 662,740u 10.00% 10.26% 10.26% 10.26% 4,150,000u 10,320,000u<br />
Beaulieu 110 AIX EN PROVENCE 660 rue Guillaume du Vair 1,850,000u 126,034u 9.25% 9.25% 9.25% 9.25% 1,100,000u 1,850,000u<br />
Beaulieu 111 BEZONS av du Général Delambre 1,180,000u 117,770u 9.85% 8.73% 8.36% 10.16% 900,000u 1,330,000u<br />
Beaulieu 112 CLAMART 383, avenue du Général de Gaulle 9,410,000u 848,205u 8.75% 8.97% 8.97% 8.51% 7,360,000u 9,330,000u<br />
Beaulieu 114 EVREUX 1 rue Jacquard 1,940,000u 177,600u 9.00% 9.20% 9.20% 8.62% 1,510,000u 1,100,000u<br />
Beaulieu 116 LESQUIN - 15 rue des Famards 3,130,000u 304,127u 10.00% 9.05% 9.05% 9.96% 2,450,000u 3,320,000u<br />
Beaulieu 117 Marignier - ZAC des Pres paris - 696 avenue de l’industrie 1,230,000u 130,950u 10.00% 10.00% 10.00% 10.00% 920,000u 1,410,000u<br />
Beaulieu 118 NIORT 2 rue Robert Turgot 1,800,000u 200,000u 10.00% 10.00% 10.00% 10.00% 1,450,000u 2,760,000u<br />
Beaulieu 120 SARTROUVILLE Perriers Rue de la Beauce 4,820,000u 520,520u 9.65% 5.21% 4.11% 10.34% 4,110,000u 5,550,000 u<br />
Beaulieu 121 St Pierre en Faucigny - 310 avenue des Aravis Lance SA 1,550,000u 172,742u 10.25% 10.25% 10.25% 10.25% 1,160,000u 2,410,000u<br />
Beaulieu 123 St Pierre en Faucigny - Rue des Champs Plans Lance Ind 1,730,000u 182,094u 10.25% 10.25% 10.25% 10.25% 1,260,000u 2,580,000u<br />
Beaulieu 127 VENEUX LES SABLONS Rue Liberté 2,070,000u 2 212,450u 11.00% 9.99% 9.99% 11.36% 1,260,000u 3,620,000u<br />
Beaulieu 128 TEMPLEMARS 14 rue de l’Epinoy 1,650,000u 192,500u 10.75% 10.75% 10.75% 10.75% 1,390,000u 2,560,000u<br />
Beaulieu 130 STE CATHERINE LES ARRAS 162, route de Béthune 2,490,000u 273,250u 10.75% 10.75% 10.75% 10.75% 1,740,000u 5,580,000u<br />
Menelas 133 LA CHAPELLE D’AREMENTIERES - Rue Laennec 6,180,000u 3 555,175u 8.75% 3.68% 3.68% 9.21% 5,020,000u 5,920,000u<br />
Total 132,360,000w 13,326,735w<br />
Notes<br />
1 Assumes conformity works completed<br />
2 Additional rent of 30,000 u per annum payable from mid 2006 in return for works to roof (cost of works not deducted)<br />
3 Lease on extension assumed to commence 1 November <strong>2005</strong>
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