Project Grid

Portfolio analysis

The Portfolio offers geographical diversification. Similarly, lease situations and usages vary across the Portfolio. We have therefore analysed the Portfolio to determine if partial sales/sub-portfolios may be advantageous in terms of achieving price optimisation, transaction certainty, and process flexibility. Such an analysis will also benefit a soft-testing process, where the right path forward is uncovered. Colliers has analysed the Portfolio based on the following four criteria: • Primary usage • Geographic location • Volume • Risk profile The matrix on the right-hand side shows the findings of the portfolio analysis and is believed to qualify as basis for the choice of portfolio composition including potential sub-portfolios as well as the selection of properties that would potentially be relevant for individual (single-property) sales.

DKK 225 million

DKK 510 million

DKK 678 million

DKK 351 million

DKK 512 million DKK 418 million DKK 833 million

LOGISTICS MANUFACTURING LIGHT INDUSTRIAL

PRIMARY USAGE

Legends

The size of the bubble represents the volume of the estimated selling price of the property, while the colour of the bubble indicates the assessed risk profile of the property:

TRIANGLE REGION AND FUNEN

NORTHERN JUTLAND CENTRAL JUTLAND

CAPITAL REGION

Core

Value-add

Core+

Opportunistic

GEOGRAPHIC LOCATION

Colliers| Proposal for advisory services | 9

Based on the portfolio analysis, Colliers recommends to market the Portfolio as one single portfolio.