FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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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 26 77,105,000 18.4% 145,686 50 7,229,929 17,772 West Ile-de-France 13 74,830,000 17.9% 100,136 72 7,245,217 5,474 South West Ile-de-France 14 61,660,000 14.7% 98,915 58 5,730,551 11,857 North West Ile-de-France 9 36,290,000 8.7% 71,511 39 2,799,681 28,137 Rhône-Alpes 14 55,200,000 13.2% 155,292 37 5,766,017 2,160 Nord-Pas-de-Calais 6 36,340,000 8.7% 84,020 39 3,317,066 0 Centre 3 28,360,000 6.8% 73,022 41 2,974,742 0 Provence-Alpes-Côte d’Azur 4 12,380,000 3.0% 39,388 33 1,292,157 0 Bretagne 1 11,910,000 2.8% 16,591 66 1,093,723 0 Pays de la Loire 2 6,100,000 1.5% 18,227 39 717,765 0 Aquitaine 1 5,040,000 1.2% 4,943 99 489,718 0 Languedoc-Roussillon 1 4,480,000 1.1% 6,534 61 400,000 0 Midi-Pyrénées 2 4,020,000 1.0% 7,190 61 441,949 0 Haute-Normandie 1 1,940,000 0.5% 2,220 82 181,248 0 Poitou-Charentes 1 1,800,000 0.4% 5,000 38 190,567 0 Picardie 1 940,000 0.2% 4,843 27 130,369 0 Total Paris Properties 99 418,395,000 100% 833,519 53 40,000,701 65,400 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 24 29,620,000 7.1% 29,147 88 2,566,109 4,240 2,500 5,000 20 52,040,000 12.4% 74,434 71 5,291,912 2,379 5,000 7,500 19 89,100,000 21.3% 112,880 80 9,028,119 8,036 7,500 10,000 13 48,670,000 11.6% 113,752 35 4,030,098 14,056 10,000 25,000 16 104,425,000 25.0% 239,083 41 9,916,897 20,479 25,000 75,000 7 94,540,000 22.6% 264,223 35 9,167,566 16,210 Total 99 418,395,000 100.0% 833,519 58 40,000,701 65,400 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. meters) Warehouse/Distribution 51 284,770,000 68.1% 665,497 41 27,208,862 58,745 Office 36 101,170,000 24.2% 87,081 113 9,844,538 6,655 Mixed Use 4 15,130,000 3.6% 22,157 71 1,562,753 0 Retail 5 13,465,000 3.2% 41,232 24 975,843 0 Industrial 3 3,860,000 0.9% 17,552 23 408,705 0 Total 99 418,395,000 100% 833,519 54 40,000,701 65,400 29
7. Details of the Top Ten Properties by Passing Rent Property Number 1 Property Name St Quentin Fallavier Property Type Warehouse/Distribution Region Rhône-Alpes Year Built 1975 Year Refurbished N/A Total Net Floor Area (Sq.meters) 73,253 Occupancy Rate (%) 100% Market Value (u) 21,910,000 Vacant Possession Value (u) 15,730,000 Current Annual Rent (u) 2,212,272 ERV (u) 2,086,558 Number of Units 3 Number of Tenants 3 Initial Yield 9.53% Reversionary Yield 9.53% Property Number 2 Property Name Corbeil Property Type Warehouse/Distribution Region South West Ile-de-France Year Built 1997 Year Refurbished N/A Total Net Floor Area (Sq.meters) 34 833 Occupancy Rate (%) 100% Market Value (u) 18,990,000 Vacant Possession Value (u) 13,510,000 Current Annual Rent (u) 1,900,640 ERV (u) 1,741,650 Number of Units 1 Number of Tenants 1 Initial Yield 9.44% Reversionary Yield 9.44% Property Number 3 Property Name Antony Property Type Warehouse/Distribution Region West Ile-de-France Year Built 1975 Year Refurbished 1997 Total Net Internal Floor Area (Sq.meters) 27,320 Occupancy Rate (%) 96% Market Value (u) 14,790,000 Vacant Possession Value (u) 10,680,000 Current Annual Rent (u) 1,549,430 ERV (u) 1,432,700 Number of Units 18 Number of Tenants 17 Initial Yield 9.87% Reversionary Yield 10.18% 30
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 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: 3. Lease type and length of lease S
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’
Page 77 and 78: (e) a deposit (by way of gage-espè
Page 79 and 80: 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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FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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