FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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Property Number 3 Property Name Sucy en B. Property Type Warehouse/Distribution Region East Ile-de-France Year Built 1983 Year Refurbished N/A Total Net Internal Floor Area (Sq.meters) 15,134 Occupancy Rate (%) 100% Market Value (u) 6,660,000 Vacant Possession Value (u) 5,250,000 Current Annual Rent (u) 791,859 ERV (u) 722,041 Number of Units 2 Number of Tenants 2 Initial Yield 11.22% Reversionary Yield 11.22% Property Number 4 Property Name Vitrolles Property Type Warehouse/Distribution Region Provence-Alpes-Côte d’Azur Year Built 1988 Year Refurbished 2006 Total Net Internal Floor Area (Sq.meters) 31,278 Occupancy Rate (%) 100% Market Value (u) 7,440,000 Vacant Possession Value (u) 8,030,000 Current Annual Rent (u) 739,800 ERV (u) 1,000,896 Number of Units 1 Number of Tenants 1 Initial Yield 8.98% Reversionary Yield 8.98% Property Number 5 Property Name Checy Property Type Shopping Center Region Centre Year Built 1990 Year Refurbished N/A Total Net Internal Floor Area (Sq.meters) 3 211 Occupancy Rate (%) 100% Market Value (u) 6,510,000 Vacant Possession Value (u) 5,390,000 Current Annual Rent (u) 635,094 ERV (u) 626,000 Number of Units 37 Number of Tenants 37 Initial Yield N/A Reversionary Yield 9.20% 23
Paris <strong>Properties</strong> 1. Summary description of the Property Portfolio Property Name Property address Type Region Passing Rent (w) ERV (w) Market Value (w) Sq. meters Occupancy St Quentin Fallavier Corbeil Antony Fleury Les Aubrais 6, rue de Bretagne (38) ZAC de chesnes La Noiree 14/24, rue Emile Zola - ZI des Tarterêts 12/14, avenue François Sommer ZI de Fleury les Aubrais Warehouse/ Distribution Warehouse/ Distribution Warehouse/ Distribution Warehouse/ Distribution Rhône-Alpes 2,212,272 2,086,558 21,910,000 73,253 100% South West Ile-de-France West Ile-de-France Rueil Malmaison 8, rue Lionel Terray Office West Ile-de-France Mer Chatillon-sur-Seiche Chapelle d’Armentières Marly la Ville Saint-Aubin Clamart Les Ulis Zone industrielle du Mardeau Zac de la Touche Tizon (35) rue Laennec ( 59) ZI de la Chapelle d’Armantières ZAC de Moimont II, rue Eugène Pottier Route de l’Orme des Merisiers ‘‘Le Thales’’ Parc des Algorithmes 383 av. du Général De Gaulle 6,av de l’océanie ZA Courtaboeuf. Le grand Vivier SUD Warehouse/ Distribution Warehouse/ Distribution Warehouse/ Distribution Warehouse/ Distribution Office Office Warehouse/ Distribution Alfortville 2 Quai Blanqui /4rue de Charenton Office Raillencourt St. Olle ZI de l’A2 (59) Warehouse/ Distribution Rosny-sur-Seine Villeneuve d’Asq Zone d’activités des Marceaux Rue Ticleni, rue Paul Doumer Warehouse/ Distribution Warehouse/ Distribution 1,900,640 1,741,650 18,990,000 34,833 100% 1,549,430 1,432,700 14,790,000 27,320 96% Centre 1,314,971 1,395,800 12,280,000 39,880 100% 1,241,909 1,017,450 12,890,000 5,355 100% Centre 1,200,895 986,472 11,860,000 21,513 100% Bretagne 1,093,723 995,460 11,910,000 16,591 100% Nord-Pas-de- Calais North West Ile-de-France South West Ile-de-France West Ile-de-France South West Ile-de-France East Ile-de-France Nord-Pas-de- Calais West Ile-de-France Nord-Pas-de- Calais Massy 2/4, avenue de France Office South West Ile-de-France Nemours 1, rue Henri Nestlé Warehouse/ Distribution Argenteuil 11, rue Poulmarch Warehouse/ Distribution Stains 7, rue d’Amiens Warehouse/ Distribution Orange , Les Crémades Ouest Genas Orly rue du Portugal, rue Henri Dunant. Lieudit ‘‘Chaponnet’’ 66, rue des frères Montgolfier rue des quinze Arpent. Zone de sénia Warehouse/ Distribution Warehouse/ Distribution Warehouse/ Distribution East Ile-de-France North West Ile-de-France East Ile-de-France Provence- Alpes-Côte d’Azur 1,025,913 1,090,000 10,720,000 32,804 100% 999,065 978,360 10,590,000 21,840 55% 934,231 839,700 9,730,000 6,220 100% 933,824 848,205 9,410,000 6,283 100% 919,210 1,060,065 9,540,000 23,557 100% 880,314 778,228 7,340,000 6,362 100% 856,793 890,000 8,210,000 14,060 100% 727,959 706,160 7,980,000 10,864 100% 727,035 516,511 7,090,000 12,023 100% 689,627 486,180 5,790,000 5,332 100% 670,436 652,080 6,910,000 16,730 100% 604,012 608,330 5,490,000 10,346 100% 598,349 499,539 10,640,000 29,133 48% 565,992 662,740 5,210,000 27,000 100% Rhône-Alpes 554,653 605,636 5,680,000 14,183 85% East Ile-de-France 523,000 522,232 4,760,000 9,777 100% Pessac 3, rue Marcel Dassault Mixed Use Aquitaine 489,718 494,377 5,040,000 4,943 100% Vitry-sur-Seine 36,rue Charles Heller Mixed Use East 486,223 452,130 4,960,000 6,459 100% Ile-de-France Bonchamp Laval ZI route du Mans, rue des Pierres Warehouse/ Distribution Pays de la Loire 478,919 460,000 3,440,000 15,819 100% Nemours rue Henri Nestlé Lieudit ‘‘ Les Plantes’’ Warehouse/ Distribution Droue/Drouette Avenue de l’Europe Warehouse/ Distribution East Ile-de-France 468,437 436,320 4,460,000 9,696 100% Centre 458,876 418,644 4,220,000 11,629 100% 24
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 and 22: 2. Tenant Concentration (Top 10 Ten
Page 23: 6. Sectoral Weightings: (Industrial
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
Page 73 and 74: Account and the related Disposal Ex
Page 75 and 76:
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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Page 121 and 122:
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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
Page 179 and 180:
Corporate name: P.P.M.P.P. FIXED AS
Page 181 and 182:
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
Page 197 and 198:
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
Page 227 and 228:
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
Page 235 and 236:
Management Company and the relevant
Page 237 and 238:
Notices by Delivery to Euroclear, E
Page 239 and 240:
TAXATION French Taxation Pursuant t
Page 241 and 242:
which it sells Notes during the dis
Page 243 and 244:
(c) the excerpts of the financial r
Page 245 and 246:
Borrowers Account Bank means (i) in
Page 247 and 248:
(b) (B) not confer a direct or indi
Page 249 and 250:
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
Page 255 and 256:
(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
Page 265 and 266:
HSBC Bank plc 8 Canada Square Londo
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FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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