FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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3. Lease type and length of lease Summary of Expiry of Occupational Leases (assuming exercise of first break option) Year of break option Number of Leases Passing Rent (w) % of total Cumulative % of Passing Rent 2005 10 1,393,796 10.2% 10.2% 2006 22 1,836,550 13.4% 23.6% 2007 33 2,385,224 17.4% 41.0% 2008 34 3,349,657 24.4% 65.4% 2009 6 857,139 6.3% 71.7% 2010 6 1,564,810 11.4% 83.1% 2011 5 540,751 3.9% 87.0% 2012 0 0 0.0% 87.0% 2013 2 1,220,876 8.9% 96.0% 2014 2 380,378 2.8% 98.7% 2015 0 0 0.0% 98.7% 2016 1 168,633 1.2% 100.0% 2017 0 0 0.0% 100.0% 2018 1 5,488 0.0% 100.0% Total Proudreed 122 13,703,301 100% 4. Regional Weightings Region Number of Properties Aggregate Property Value (w) % by Aggregate Property Value Lettable Area (Sq.meters) Passing Rent (per Sq. meters) Passing Rent (w) Total Vacant Area (Sq. meters) East Ile-de-France 13 46,900,000 31.4% 77,809 57 4,454,242 4,807 West Ile-de-France 3 13,510,000 9.0% 23,293 61 1,420,407 0 South West Ile-de-France 1 3,320,000 2.2% 4,184 76 315,909 0 North West Ile-de-France 1 1,920,000 1.3% 4,300 47 204,028 0 Provence-Alpes-Côte d’Azur 6 36,590,000 24.5% 67,790 53 3,559,347 0 Centre 3 24,480,000 16.4% 57,785 26 1,500,435 26,890 Picardie 3 12,110,000 8.1% 23,349 50 1,156,049 0 Rhône-Alpes 2 5,690,000 3.8% 12,104 51 620,070 0 Nord-Pas-de-Calais 1 1,830,000 1.2% 19,135 10 191,732 0 Pays de la Loire 1 1,560,000 1.0% 2,100 68 141,753 0 Bretagne 1 1,420,000 1.0% 2,096 66 139,331 0 Total Proudreed 35 149,330,000 100% 293,945 51 13,703,301 31,697 5. Property Size From Sq. meters To Sq. meters Number of Properties Aggregate Property Value (w) % by Aggregate Property Value Lettable Area (Sq. meters) Passing Rent (per Sq. meters) Passing Rent (w) Total Vacant Area (Sq. meters) 0 2,500 5 7,580,000 5.10% 10,005 58 576,447 2,200 2,500 5,000 13 51,550,000 34.50% 49,978 99 4,972,069 0 5,000 7,500 3 11,480,000 7.70% 19,745 60 1,183,112 1,013 7,500 10,000 4 16,340,000 10.90% 34,241 50 1,718,569 0 10,000 25,000 7 36,970,000 24.80% 94,124 39 3,647,963 1,594 25,000 75,000 3 25,410,000 17.00% 85,852 19 1,605,141 26,890 Total 35 149,330,000 100.00% 293,945 54 13,703,301 31,697 21
6. Sectoral Weightings: (Industrial Warehouse, Retail, Office, etc) Sector Number of Properties Aggregate Property Value (w) % by Aggregate Property Value Lettable Area (Sq. meters) Passing Rent (per Sq. meters) Passing Rent (w) Total Vacant Area (Sq. metres) Warehouse/Distribution 21 93,320,000 62.5% 216,518 39 8,513,041 28,484 Office 4 25,460,000 17.0% 21,128 111 2,348,963 1,013 Retail and Shopping Center 2 10,480,000 7.0% 11,012 91 998,007 0 Mixed Use 6 15,020,000 10.1% 22,809 60 1,364,380 2,200 Industrial 2 5,050,000 3.4% 22,478 21 478,909 0 Retail 1 3,970,000 2.7% 7,801 47 362,913 0 Shopping Center 1 6,510,000 4.4% 3,211 198 635,094 0 Total 35 149,330,000 100% 293,945 64 13,703,301 31,697 7. Details of the Top Five Properties by Passing Rent Property Number 1 Property Name Valbonne Property Type Office Region Provence-Alpes-Côte d’Azur Year Built 1992 Year Refurbished N/A Total Net Internal Floor Area (Sq.meters) 4,870 Occupancy Rate (%) 100% Market Value (u) 12,870,000 Vacant Possession Value (u) 9,220,000 Current Annual Rent (u) 1,061,082 ERV (u) 803,550 Number of Units 1 Number of Tenants 1 Initial Yield 8.58% Reversionary Yield 6.50% Property Number 2 Property Name Ormes Property Type Warehouse/Distribution Region Centre Year Built 1979 Year Refurbished N/A Total Net Internal Floor Area (Sq.meters) 27,684 Occupancy Rate (%) 100% Market Value (u) 8,890,000 Vacant Possession Value (u) 6,540,000 Current Annual Rent (u) 865,341 ERV (u) 914,900 Number of Units 1 Number of Tenants 1 Initial Yield 9.18% Reversionary Yield 9.18% 22
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 and 20: For further details as to the risks
Page 21: 2. Tenant Concentration (Top 10 Ten
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’
Page 71 and 72: (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
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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
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Currency of Payment (b) Payments in
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(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
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(b) (B) not confer a direct or indi
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FCC Servicer means each entity appo
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La Défense, France respectively (o
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Interest Period means each period f
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(i) (j) any dividend payment by tha
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Mortgage means (i) the mortgages (h
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(iv) any amounts payable by the Iss
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Loan Agreement during such Forward-
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Regulation S means Regulation S und
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HSBC Bank plc 8 Canada Square Londo
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