FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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Property Name Property address Type Region Passing Rent (w) ERV (w) Market Value (w) Sq. meters Occupancy Meyzieu 8/10, impasse Monge Warehouse/ Distribution Rhône-Alpes 497,154 473,715 4,700,000 10,890 100% La Pen. sur Huv. Actiparc II Office Provence- Alpes-Côte d’Azur 440,357 442,000 3,850,000 4,680 100% Creil 344, rue de Galilée Warehouse/ Distribution Picardie 437,601 437,601 4,190,000 12,288 100% Genevilliers Salon de Prov. 50/70, avenue Ch. de Gaulle ZI du Quintin - rue de Canesteu Mixed Use Warehouse/ Distribution West Ile-de-France Provence- Alpes-Côte d’Azur 431,734 399,636 3,760,000 8,448 100% 413,973 411,760 3,770,000 8,958 100% Villeneuve La G. 14 Chemin de la Litte Mixed Use West 379,820 322,675 3,330,000 3,425 100% Ile-de-France Goincourt 31, rue Juliette Névouet Retail Picardie 362,913 390,050 3,970,000 7,801 100% Orly 13, chemin des Chaudronniers 94310 Orly Warehouse/ Distribution Creil ZAC Alata Warehouse/ Distribution Marseille ZAC de Saumaty Seon - 70 chemin de passet Warehouse/ Distribution East Ile-de-France 360,723 339,294 3,340,000 6,707 100% Picardie 355,536 323,500 3,950,000 3,260 100% Provence- Alpes-Côte d’Azur Evry 5, rue Jean Mermoz Office South West Ile-de-France Neuilly Sur Marne Thiais ZI des Chanoux 45, rue des frères Lumière Zone industrielle Senia Sud 23, rue du Puits Dixme 94320 Thiais Vitry 44/52, rue Georges Sand Vitry Rue G. Sand - rue B. Albrecht Brie Comte Robert Gonesse Warehouse/ Distribution Warehouse/ Distribution Industrial Warehouse/ Distribution East Ile-de-France East Ile-de-France East Ile-de-France East Ile-de-France 250, allée des Pleus Mixed Use East Ile-de-France 16, rue des Cressonières Warehouse/ Distribution North West Ile-de-France Valenciennes 201, av Désendrouins Industrial Nord-Pas-de- Calais Mitry Mory Rue Isaac Newton Mixed Use East Ile-de-France La Chap. sur E. Parc d’Activités Erdre Warehouse/ Distribution St J. de la Lande ZAC de Mivoie Warehouse/ Distribution Lisses 7, rue des Mâlines Mixed Use 91090 Lisses Domène Parc d’activités du Peuplier Warehouse/ Distribution Pays de la Loire 354,192 275,400 2,900,000 4,590 100% 315,909 319,350 3,320,000 4,184 100% 299,851 251,648 2,690,000 4,959 100% 290,773 282,200 2,720,000 5,644 100% 287,178 250,725 3,220,000 3,343 100% 258,646 253,350 2,670,000 2,815 100% 230,728 300,985 2,590,000 3,541 100% 204,028 184,900 1,920,000 4,300 100% 191,732 298,575 1,830,000 19,135 100% 149,650 238,000 1,730,000 2,800 100% 141,753 136,000 1,560,000 2,100 100% Bretagne 139,331 136,240 1,420,000 2,096 100% East Ile-de-France 136,089 131,725 1,370,000 2,395 100% Rhône-Alpes 122,915 78,910 990,000 1,214 100% Saint Denis ZAC du Cornillon Mixed Use East 36,359 283,000 2,240,000 2,200 0% Ile-de-France Ormes Parc d’activités Pôle 45 Warehouse/ Distribution Centre 0 1,129,380 9,080,000 26,890 0% Total Proudreed (Total Occupancy rate is based on weighted average) 13,703,301 15,072,966 149,330,000 293,945 89% 19
2. Tenant Concentration (Top 10 Tenants) Tenant Name Passing Rent (w) % of total Sq. meters % of total Property/Properties occupied Rating (S&P/ Fitch) NORTEL 1,061,082 7.7% 4,870 1.7% Valbonne B−/NR ND LOGISTICS 865,341 6.3% 27,684 9.4% Ormes NR/NR SERPIE 791,859 5.8% 15,134 5.1% Sucy en B. NR/NR TNT 739,800 5.4% 31,278 10.6% Vitrolles A/NR AUCHAN 608,852 4.4% 11,420 3.9% Epône A/NR EASYDIS 549,943 4.0% 13,414 4.6% Aubagne NR/NR NESTLE 520,154 3.8% 11,120 3.8% Several Properties AAA/AAA EXTAND 516,605 3.8% 7,259 2.5% Several Properties NR/NR PILKINGTON 509,948 3.7% 9,034 3.1% Evry BBB/NR CARREFOUR 451,998 3.3% 6,579 2.2% Several Properties A+/A+ Sub Total Top 10 Tenants 6,615,583 TOTAL Proudreed 13,703,301 3. Lease type and length of lease Summary of Lease Types Lease Type Passing Rent (w) % of Total Short Term 18,937 0.14% Commercial 6,445,056 47.03% Long Term 7,219,487 52.68% Other 19,821 0.14% Total Proudreed 13,703,301 100% Summary of Expiry of Occupational Leases Year of expiration Number of Leases Passing Rent (w) % of total Cumulative % of Passing Rent 2005 8 1,367,475 10.0% 10.0% 2006 5 842,223 6.1% 16.1% 2007 7 484,856 3.5% 19.7% 2008 7 398,730 2.9% 22.6% 2009 9 551,515 4.0% 26.6% 2010 11 1,048,368 7.7% 34.2% 2011 24 2,808,991 20.5% 54.7% 2012 11 768,048 5.6% 60.4% 2013 21 3,285,870 24.0% 84.3% 2014 13 1,573,761 11.5% 95.8% 2015 1 14,749 0.1% 95.9% 2016 4 553,228 4.0% 100.0% 2017 0 0 0.0% 100.0% 2018 1 5,488 0.0% 100.0% Total Proudreed 122 13,703,301 100% 20
Page 1 and 2: FCC Proudreed Properties 2005 a Fre
Page 3 and 4: (having taken all reasonable care t
Page 5 and 6: CONTENTS SECTION PAGE PRINCIPAL CHA
Page 7 and 8: PRINCIPAL CHARACTERISTICS OF THE CO
Page 9 and 10: LTV Ratio: Security: Insurance: Mor
Page 11 and 12: DIAGRAMMATIC OVERVIEW OF PARTIES AN
Page 13 and 14: is one Business Day following such
Page 15 and 16: SARL Enoville is a French limited l
Page 17 and 18: Hedging Agreements. For a descripti
Page 19: For further details as to the risks
Page 23 and 24: 6. Sectoral Weightings: (Industrial
Page 25 and 26: Paris Properties 1. Summary descrip
Page 27 and 28: Property Name Property address Type
Page 29 and 30: 3. Lease type and length of lease S
Page 31 and 32: 7. Details of the Top Ten Propertie
Page 33 and 34: Property Number 7 Property Name Cha
Page 35 and 36: PRINCIPAL FEATURES OF THE NOTES Bel
Page 37 and 38: ‘‘AA’’ by Fitch and a ratin
Page 39 and 40: Interest Rate Risks Interest on the
Page 41 and 42: after among other things, payments
Page 43 and 44: same criteria as apply to the Secur
Page 45 and 46: Although any successor manager of a
Page 47 and 48: within the Property Portfolio relat
Page 49 and 50: this judicial procedure. The judgme
Page 51 and 52: Risks relating to Planning - Right
Page 53 and 54: (a) to obtain an order for, or paym
Page 55 and 56: Secured Properties The Secured Prop
Page 57 and 58: described under ‘‘Obligor Secur
Page 59 and 60: (together with accrued interest). F
Page 61 and 62: date on which sale proceeds are rec
Page 63 and 64: Facility Fees Pursuant to the terms
Page 65 and 66: • details of the Property Manager
Page 67 and 68: taking into account any rent guaran
Page 69 and 70: (d) any Obligor or the Borrowers’
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(or u100,000 for Proudreed France S
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Account and the related Disposal Ex
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The ‘‘Due Diligence Criteria’
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(e) a deposit (by way of gage-espè
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Pursuant to the terms of the Proper
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negatively affect the credit qualit
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provided however that no such termi
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RESOURCES AVAILABLE TO THE BORROWER
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Reserve. Furthermore, in the event
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Obligor Post-Enforcement Priorities
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Account following the occurrence of
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(e) fifth, in or towards satisfacti
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On delivery of a Note Enforcement N
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VALUATION REPORTS 22 septembre 2005
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We attach schedule of values, divid
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15 June 2005 Proudreed France Sarl
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Finally, we would ask that neither
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Finally, we would ask that neither
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This valuation is provided for the
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We confirm that we are able to comp
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We confirm that we are able to comp
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For recently completed developments
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Schedule of Values - Appendix 1 130
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Appendix 2 - Schedule of Values 132
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Appendix 4 Net Market Fund Ref Prop
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We are in the opinion that the valu
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Assets of the Issuer Receivables an
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The Custodian will receive a fee, p
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et seq. of the French Monetary and
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THE BORROWERS The Paris Properties
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• borrowing or more generally rai
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Loan Capital: Commercial Mortgage L
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− and generally all transactions
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7 rue d’Amiens S.C.I. Introductio
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• granting any security interest
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1 - BALANCE SHEET - ASSETS Corporat
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3 - INCOME STATEMENT Corporate name
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NOTES TO THE ACCOUNTS Before repart
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FIXED ASSETS Corporate name: PARIS
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RESERVES IN THE BALANCE SHEET Corpo
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TABLE OF ACCRUED ASSETS AND ACCRUED
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LEASING Corporate name: PARIS PROVI
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AFFILIATED COMPANIES AND INVESTMENT
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P.P.M.P.P. Financial Statements Yea
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2 - BALANCE SHEET - LIABILITIES AND
Page 177 and 178:
3 - INCOME STATEMENT (CONTINUED) Co
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Corporate name: P.P.M.P.P. FIXED AS
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RESERVES IN THE BALANCE SHEET Corpo
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TABLE OF ACCRUED ASSETS AND ACCRUED
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SECURITY INTEREST GUARANTEED DEBTS
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The Paris Properties Parent Obligor
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which it is or will be a party (inc
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Principal Activities The principal
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PROUDREED FRANCE Financial Statemen
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2 - BALANCE SHEET - LIABILITIES AND
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3 - INCOME STATEMENT (CONTINUED) Co
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The principal schedules of deprecia
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DEPRECIATION Corporate name: PROUDR
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TABLE OF RECEIVABLES AND LIABILITIE
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Corporate Name: PROUDREED France DE
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Corporate name: PROUDREED France FI
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AFFILIATED COMPANIES AND INVESTMENT
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THE HEDGING PROVIDERS HSBC Bank plc
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TERMS AND CONDITIONS OF THE NOTES T
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above, on the basis of the offered
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(k) the Master Definitions and Fram
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and Paris Properties SARL and, in r
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(vi) ‘‘repay’’, ‘‘redee
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(ii) if there are no Class A Notes
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Priority of Payments Following Enfo
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Determination of Rates of Interest
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(although the Issuer will not have
Page 231 and 232:
Currency of Payment (b) Payments in
Page 233 and 234:
(f) (i) (ii) agreed that until all
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Management Company and the relevant
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Notices by Delivery to Euroclear, E
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TAXATION French Taxation Pursuant t
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which it sells Notes during the dis
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(c) the excerpts of the financial r
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Borrowers Account Bank means (i) in
Page 247 and 248:
(b) (B) not confer a direct or indi
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FCC Servicer means each entity appo
Page 251 and 252:
La Défense, France respectively (o
Page 253 and 254:
Interest Period means each period f
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(i) (j) any dividend payment by tha
Page 257 and 258:
Mortgage means (i) the mortgages (h
Page 259 and 260:
(iv) any amounts payable by the Iss
Page 261 and 262:
Loan Agreement during such Forward-
Page 263 and 264:
Regulation S means Regulation S und
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HSBC Bank plc 8 Canada Square Londo
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FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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