I. MUNICIPALIDAD DE LA SERENA
9. ANÁLISIS DE RESPUESTA NORMATIVA DEL PLAN
9.2. APLICACIÓN NORMATIVA DEL CRITERIO DE SUSTENTABILIDAD
Office portfolio
The total net rentable area in Poland comprised 143,578 sq m. The average occupancy rate is at the level of 88%. Book value of the office space in Poland amounted to €300,866, as compared to €292,828 in 2011. The difference comes mainly from sale of Platinium Business Park I-IV on 31 October 2012 (€138,840).
The following table lists the Group’s office properties located in Poland:
Property Location GTC’s
Globis Poznan Poznań 100% 13,947 13,947 2003
Newton Kraków 100% 10,450 10,450 2007
Edison Kraków 100% 10,539 10,539 2007
Nothus Warsaw 100% 9,135 9,135 2007
Zephirus Warsaw 100% 9,128 9,128 2008
Globis Wroclaw Wrocław 100% 15,476 15,476 2008
Centrum Biurowe Kazimierz Kraków 100% 15,666 15,666 2009
University Business Park Łódź 100% 18,426 18,426 2010
Francuska Office Centre Katowice 100% 21,504 21,504 2010
Corius Warsaw 100% 8,970 8,970 2011
Total 143,578 143,578
Additionally as at 31 December 2012, the Company owned an office building which was classified as asset held for sale pursuant to the sale agreements with Calobra Investments Sp. z o.o. of the Allianz Real Estate Group signed on 31 October 2012. This asset was sold to Calobra Investments Sp. z o.o. on 28 February 2013.
Property Location GTC’s
Platinium Business Park V Warsaw 100% 12,108 12,108 2012
Total 12,108 12,108
Retail portfolio
The total net rentable area of retail space in Poland comprised 68,540 sq m. The occupancy rate is at the level of 96%. Book value of the Group’s retail space in Poland amounted to €243,450, as compared to €243,250 in 2011.
The following table lists the Group’s retail investment properties located in Poland:
Galeria Jurajska Częstochowa 100% 49,430 49,430 2009
Total 68,540 87,650
Item 4.5.3.2. Hungary Office portfolio
The Group’s total net rentable area in Hungary comprises 91,464 sq m. The occupancy rate is at the level of 95%. Book value of the Group’s office space in Hungary amounted to €172,500, as compared to €172,791 in 2011.
The following table lists the Group’s office investment properties located in Hungary:
Property Location GTC’s
Center Point I&II Budapest 100% 42,881 42,881 2004/2006
Spiral I&II Budapest 100% 31,843 31,843 2009
Metro Budapest 100% 16,740 16,740 2010
Total 91,464 91,464
Item 4.5.4.3. Serbia Office portfolio
The Group’s total net rentable area in Serbia comprised 53,335 sq m. The occupancy rate is at the level of 89%.
Book value of the Group’s office space in Serbia amounted to €116,500, as compared to €116,800 in 2011.
The following table lists the Group’s office investment properties located in Serbia:
Property Location GTC’s share
GTC`s
Item 4.5.3.4. Croatia Office portfolio
The Group’s total net rentable area in Croatia comprised 7,067 sq m. The occupancy rate is at the level of 95%.
Book value of the Group’s office space in Croatia is valued together with book value of Avenue Mall Zagreb.
The following table lists the Group’s office investment properties located in Croatia:
Property Location GTC’s
The Group’s total net rentable area of retail space in Croatia comprised 64,000 sq m (including book value of Avenue Center). The occupancy rate is at the level of 95%. Book value of the Group’s retail space in Croatia amounted to €172,500 (including book value of Avenue Center) from €194,100 in 2011, which results from a decrease in value of Avenue Mall Osijek due to a decrease in rental rates and expected rental rates.
The following table lists the Group’s retail investment properties located in Croatia:
Property Location GTC’s
1Including NRA of Avenue Center, Croatia
Item 4.5.3.5. Romania Office portfolio
The Group’s total net rentable area in Romania comprised 47,700 sq m. The occupancy rate is at the level of 95%. Book value of the Group’s office space in Romania amounted to €168,474, as compared to €173,594 in 2011.
The following table lists the Group’s office investment properties located in Romania:
Property Location GTC’s share
GTC`s
Retail portfolio
The Group’s total net rentable area of retail space in Romania comprised 32,500 sq m. The occupancy rate is at the level of 97%. Book value of the Group’s retail space in Romania amounted to €31,308, as compared to
€84,431 in 2011, which results from reclassification of three malls (Galleria Buzau, Galleria Piatra Neamt and Galleria Suceava) as a assets held for sale in the third quarter of 2012 and decrease in the value of Galleria Arad following deterioration of economic conditions in Romania.
The following table lists the Group’s retail investment properties located in Romania:
Property Location GTC’s
Additionally as at 31 December 2012, the Company owned three shopping malls which ware classified as asset held for sale.
Galleria Pieatra Neamt Pieatra Neamt 70% 12,800 12,800 2009
Total 37,000 37,000
Item 4.5.3.6. Bulgaria Retail portfolio
The Group’s properties in Bulgaria include Galleria Stara Zagora and Galleria Burgas that comprises a net rentable area of 61,642 sq m. Occupancy rate is at the level of 89%. Book value of the Group’s retail scheme in Bulgaria increased to €87,400 from €37,620 in 2011 which results from completion of Galleria Burgas in 2012 partially offset a decrease in the value of the property following the deterioration of economic conditions in Bulgaria.
The following table lists the Group’s office investment properties located in Bulgaria:
Property Location GTC’s
Galleria Stara Zagora Stara Zagora 75% 24,811 24,811 2010
Galleria Burgas Burgas 80% 36,831 36,831 2012
Total 61,642 61,642
Item 4.5.3.6. Slovakia Office portfolio
The Group’s properties in Slovakia include Jarosova office building that comprise a net rentable area of 13,452 sq m. Occupancy rate is at the level of 47%. Book value of the Group’s office space in Slovakia amounted to
€15,400 from €15,200 in 2011.
The following table lists the Group’s office investment properties located in Slovakia:
Property Location GTC’s
share
GTC`s consolidated
share Total net
rentable area Year of completion
(%) (sq m) (sq m)
Jarosova Bratislava 70% 13,452 13,452 2010
Total 13,452 13,452
Item 4.5.3.7. Czech Republic
The Group owns a number of properties in the Czech Republic through associates, as a result the properties valuation and results of operations in the Czech Republic are not consolidated.
Office portfolio
Total net rentable area in the Czech Republic comprised 10,733 sq m. Book value of the Group’s office space in the Czech Republic amounted to €62,248. The Group’s proportional interest is €19,608. Occupancy rate is at the level of 43%.
The following table lists the Group’s office investment properties located in Czech Republic:
Property Location GTC’s
share
GTC`s consolidated
share Total net
rentable area Year of completion
(%) (sq m) (sq m)
Prague Marina Office Centre Prague 32% 4,275 13,572 2009
Sazka Office Prague 32% 6,458 20,500 2011
Total 10,733 34,072
Retail portfolio
Total net rentable area of that retail scheme is 50,914 sq m, of which the Group’s share is 16,038 sq m.
Occupancy rate is at the level of 95%. Book value of the Group’s retail scheme in the Czech Republic amounted to €131,698. The Group’s proportional interest is € 41,485.
The following table lists the Group’s office investment properties located in the Czech Republic: