Project Grid

Portfolio assessment

Location Overall, the properties in the Portfolio are located in some of the most highly coveted I&L areas in Denmark, with the micro location of individual properties generally characterised by easy access to the motorway grid, ensuring a swift connection to all parts of Denmark as well as Germany, Sweden and Norway.

Volume With a total GLA of some 229,000 sq m, Project Grid is an investment opportunity with significant scale. We expect it to attract substantial interest from reputable, mainly international, investors with an appetite for new investments, albeit some are cautious of taking on large-scale investments in the current market environment.

Sector The Danish I&L investment property market remains relatively liquid and competitive. The segment has attracted strong interest mainly from international investors in recent years. We expect the Portfolio to attract solid interest from a range of investors, with the most competitive investors requiring a core+ return profile.

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Lease situation 92% of the Portfolio’s GLA is currently let and the portfolio WAULT is 4.8 years. Most tenants of the Portfolio are financially strong with operations anchored around the individual properties. Also, the Portfolio offers an attractive lease situation on a property level in terms of 12 single-tenant properties and 6 multi-tenant properties.

Building design The Portfolio benefits from a building design well-suited for current usages. Most properties are let to a single or few tenants, and scenarios involving reactivation via division for multiple users may be contemplated as lease terms expire. Most properties qualify for such a redevelopment, save possibly Project Print and Project Spare.

Sustainability ESG is top of mind in today’s market and criteria such as sustainability certification are becoming increasingly important and even strictly necessary for most investors. The Portfolio is expected to achieve a DGNB BiU portfolio certification making it superior relative to comparable portfolios in the segment.

Colliers| Proposal for advisory services | 12

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