Project Proximity

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Asset Book

STRICTLY CONFIDENTIAL

PROJECT PROXIMITY

ASSET BOOK

PROJECT PROXIMITY | ASSET BOOK

Contents

03 INTRODUCTION

14 THE PORTFOLIO:

44 TRANSACTION STRUCTURE

04 INVESTMENT HIGHLIGHTS 06 PORTFOLIO OVERVIEW

46 CONTACTS

16 01. KORNMARKSVEJ 21 - DK-2605 Brøndby 18 02. NYAGER 11-13 - DK-2605 Brøndby 20 03. PRIORPARKEN 359 - DK-2605 Brøndby 22 04. ROHOLMSVEJ 8 - DK-2620 Albertslund 24 05. KULDYSSEN 15-17 - DK-2630 Taastrup 26 06. KULDYSSEN 19-21 - DK-2630 Taastrup 28 07. BROGRENEN 3 - DK-2635 Ishøj 30 08. BROGRENEN 6-8 - DK-2635 Ishøj 32 09. KANALHOLMEN 37A-B - DK-2650 Hvidovre 34 10. TONSBAKKEN 10 - DK-2740 Skovlunde 36 11. METALBUEN 12-20 - DK-2750 Ballerup 38 12. GYDEVANG 25 - DK-3450 Allerød 40 13. LEJRVEJ 23A - DK-3500 Værløse 42 14. VASSINGERØDVEJ 84 - DK-3540 Lynge

10 ESG INITIATIVES

PROJECT PROXIMITY | ASSET BOOK

Introducing PROJECT PROXIMITY Opportunity to acquire large-scale light industrial/ warehouse platform in proximity of Copenhagen.

14 assets 83,864 sq m GLA

Colliers International Investment Services A/S (Colliers) is pleased to introduce Project Proximity, a portfolio of 14 light industrial/warehouse properties in strategic locations around Copenhagen with motorway and/or arterial road proximity (the Portfolio or the Properties). Project Proximity represents an excellent opportu nity to gain significant exposure to a highly attractive segment of the Danish property market that has seen explosive growth in recent years. Comprising a total GLA of approximately 83,900 sq m, the Portfolio offers substantial diversification in terms of tenants and uses, which apart from light industrial/ production and warehouse include a smaller propor tion of office, showroom, etc. Except for a few single tenant assets, most of the 14 Properties are multi user facilities, bringing the current total number of tenants in the Portfolio to more than 65. The Portfolio has only few vacancies due to recent years’ surge in demand, which ties in with the stronger call for mainly last mile warehouse space near major cities

on the back of continued e-commerce growth and the need for buffer stocks prompted by the supply chain disruptions accelerating during the coronavirus pandemic. In addition, large-scale residential conver sion schemes around Copenhagen have made light industrial space a scarce commodity. Situated in stra tegic Greater Copenhagen locations with motorway/ arterial road proximity, the Portfolio offers excellent conditions for warehouse operations given the flexible building designs. Colliers has been retained as exclusive sell-side advisor by Pictet Real Estate Capital – (HoldCo) Elevation Fund I, S.à.r.l. and B Copus AB 1 (collectively the Seller) on the proposed sale of the Portfolio (the Transaction). The sale is to take place as a share deal, please also refer to p. 44 Transaction structure. In order to assist prospective investors in making their own assessment of the Transaction, Colliers has prepared this Asset Book along with a financial data package (FDP).

DKKm 50.3 est. NOI

1 Brunswick Real Estate.

PROJECT PROXIMITY | ASSET BOOK

INVESTMENT HIGHLIGHTS

PROJECT PROXIMITY | ASSET BOOK

Investment highlights

HIGH-VOLUME PLATFORM PORTFOLIO

GREATER COPENHAGEN LOCATIONS WITH GREAT CONNECTIVITY

ESG ENHANCING ROADMAP IN PLACE

Comprising some 83,900 sq m, the Portfolio is a rare opportunity to acquire a large-scale light industrial/warehouse platform to gain immediate, significant exposure to one of the currently most in-demand segments of the investment property market.

All the Properties in the Portfolio are located around Copenhagen within a 25 to 35-minute radius from the Co penhagen city centre as the locations all offer easy access to the road grid, be it motorways, ring roads and/or ar terial roads.

A structured plan to significantly im prove the Portfolio’s ESG profile, includ ing EMS implementation, has been pre pared, targeting potential energy savings that may possibly imply a rent uplift of c. DKK 2.2m, greatly reduce GHG emissions and improve EPC ratings.

RENT UPLIFT POTENTIAL

DIVERSIFIED TENANT MIX

SUSTAINED STRONG DEMAND

Lease agreements include rent regula tion clauses with a minimum uplift cor responding to the change in the NPI. In addition, favourable supply/demand dynamics ensure further reversionary rent potential, estimated at some DKK 6.8m on portfolio level, potentially real ised at re-letting.

Including single- and multi-user prop erties, the Portfolio offers a strong lease situation with 93% occupancy, a diversified tenant mix, average ten ure of 14.6 years, and a WAULT of 2.7 years. In addition, the current occupa tional demand further strengthens the lease situation in case of re-letting.

Although occupational demand for Greater Copenhagen light industrial/ last mile warehouse facilities remains strong, limited development oppor tunities and widespread residential conversion continue to impinge the future availability of facilities around the capital.

PROJECT PROXIMITY | ASSET BOOK

e n

h a g

p e n

f C o

i u s o

r a d

. 12

35 min

GREATER COPENHAGEN

- m i n

n 3 5

w i t h i

n t s

b i t a

. 14

n h a

o n i

m i ll i

25 min drive time to Copenhagen

1 . 6 +

. 13

. 11

. 10

. 05 . 06

BRØNDBY

TAASTRUP

. 02

. 01

. 08

. 09

ISHØJ

PORTFOLIO OVERVIEW

SEE THE LOCATIONS ON GOOGLE MAPS

PROJECT PROXIMITY | ASSET BOOK

Portfolio overview

WARE HOUSE GLA sq m

OFFICE GLA sq m

OTHER GLA sq m

BASEMENT GLA sq m

TOTAL GLA sq m 1

GRI DKKm 2

GRI DKK/sq m

OPEX DKKm

OPEX DKK/sq m

NOI DKKm

NOI % of total

PROPERTY

01 KORNMARKSVEJ 21 - DK-2605 Brøndby

4,124

1,935

590

6,649

5.3

796

-1.0

-148

4.3

02 NYAGER 11-13 - DK-2605 Brøndby

2,400

792

144

3,336

2.3

339

-0.3

-50

1.9

03 PRIORPARKEN 359 - DK-2605 Brøndby

4,295

3.0

449

-0.6

-84

2.4

04 ROHOLMSVEJ 8 - DK-2620 Albertslund

3,474

1,704

169

255

5,602

3.7

564

-1.1

-158

2.7

05 KULDYSSEN 15-17 - DK-2630 Taastrup

4,237

510

100

4,847

3.0

449

-0.4

-58

2.6

06 KULDYSSEN 19-21 - DK-2630 Taastrup

4,548

288

4,836

2.5

381

-0.4

-63

2.1

07 BROGRENEN 3 - DK-2635 Ishøj

803

423

1,226

1.0

145

-0.2

-31

0.8

08 BROGRENEN 6-8 - DK-2635 Ishøj

2,394

703

230

3,327

1.8

273

-0.4

-54

1.5

09 KANALHOLMEN 37A-B - DK-2650 Hvidovre

5,251

1,213

6,558

5.4

806

-0.8

-117

4.6

10 TONSBAKKEN 10 - DK-2740 Skovlunde

7,378

2,536

9,914

7.7

1,159

-1.2

-186

6.5

13%

METALBUEN 12-20 - DK-2750 Ballerup

9,560

2,278

11,838

7.3

1,104

-1.4

-214

5.9

12%

GYDEVANG 25 - DK-3450 Allerød

6,506

4,049

693

11,298

11.2

1,689

-1.4

-209

9.8

20%

LEJRVEJ 23A - DK-3500 Værløse

3,951

800

100

4,851

2.7

401

-0.4

-59

2.3

14 VASSINGERØDVEJ 84 - DK-3540 Lynge

5,288

3.6

543

-0.7

-99

3.0

TOTAL / AVERAGE

64,209

17,231

313

2,112

83,864

60.5

721

-10.2

-121

50.3

100%

Note: 1 Exclusive of lettable site area and additional GLA according to new land surveyor measurements. 2 Fully let and inclusive of service charges and other income.

For detailed information on the lease schedules, operating budgets, etc. of the individual Proper ties, please click this buttom to view and download the financial data package (FDP):

SEE FINANCIAL DATA PACKAGE

PROJECT PROXIMITY | ASSET BOOK

Portfolio overview

THE PROPERTIES

KORNMARKSVEJ 21 DK-2605 Brøndby

NYAGER 11-13 DK-2605 Brøndby

PRIORPARKEN 359 DK-2605 Brøndby

ROHOLMSVEJ 8 DK-2620 Albertslund

KULDYSSEN 15-17 DK-2630 Taastrup

KULDYSSEN 19-21 DK-2630 Taastrup

BROGRENEN 3 DK-2635 Ishøj

BROGRENEN 6-8 DK-2635 Ishøj

KANALHOLMEN 37A-B DK-2650 Hvidovre

TONSBAKKEN 10 DK-2740 Skovlunde

METALBUEN 12-20 DK-2750 Ballerup

GYDEVANG 25 DK-3450 Allerød

LEJRVEJ 23A DK-3500 Værløse

VASSINGERØDVEJ 84 DK-3540 Lynge

PROJECT PROXIMITY | ASSET BOOK

Breakdown of total GLA by uses

Rent potential (DKKm p.a.)

59.3

6.8

2.2

0.4%

3.0%

50.3

21.0%

Warehouse

Office

83,864 sq m in total

Other

Basement

In-place NOI (fully let)

Reversionary rent potential

ESG related rent potential

Stabilised NOI

77.0%

Note: Based on information from the Seller.

Note: Estimates based on information from the Seller and Colliers. Please see p. 13 and FDP for further info.

Number of tenants per property

WAULT (years)

2-5 TENANTS

1.0 1.0

Kuldyssen 19-21 Kuldyssen 15-17 Roholmsvej 8 Priorparken 359 Nyager 11-13 Kornmarksvej 21

03 PRIORPARKEN 359

0.8

+10 TENANTS

1.1

08 BROGRENEN 6-8

0.2

1 TENANT

Portfolio WAULT

13 LEJRVEJ 23A

01 KORNMARKSVEJ 21

0.5

of 2.7 years

6.8

Vassingerødvej 84 Lejrvej 23 Gydevang 25 Metalbuen 12-20 Tonsbakken 10 Kanalholmen 37A-B Brogrenen 6-8 Brogrenen 3

02 NYAGER 11-13

04 ROHOLMSVEJ 8

0.5

07 BROGRENEN 3

3.5

0.5

09 KANALHOLMEN 37A-B

6-10 TENANTS

1.2

10 TONSBAKKEN 10

7.8

0.5

Avereage tenure of 14.6 years

05 KULDYSSEN 15-17

12 GYDEVANG 25

9.7

06 KULDYSSEN 19-21

14 VASSINGERØDVEJ 84

11 METALBUEN 12-20

Note: Based on number of current tenants (excl. vacant units).

Note: Based on information from the Seller and Colliers‘ estimates.

PROJECT PROXIMITY | ASSET BOOK

ESG INITIATIVES

PROJECT PROXIMITY | ASSET BOOK

ESG initiatives

Reducing greenhouse gas (GHG) emission

During its ownership period, the Seller has focused on improving the ESG profile of the Portfolio, in this connection drawing up a preliminary roadmap of relevant initiatives, including the implementation of a portfolio Energy Management System along with property-specific projects to improve energy efficiency.

Total current GHG emission per scope (tCO 2 e)

Emission reduction potential (tCO 2 e)

Brogrenen 6-8 Brogrenen 3 Kuldyssen 19-21 Kuldyssen 15-17 Priorparken 359 Kornmarksvej 21 Lejrvej 23 Gydevang 25 Metalbuen 12-20 Tonsbakken 10 Roholmsvej 8 Nyager 11-13

Scope 1

Scope 2

Energy screenings not initiated, further reduction potential remains

Scope 3

500

1,000

1,500

2,000

200

400

600

800

1,000

Emission post reduction

Reduction potential

Completed reduction

Note: Based on preliminary information from the Seller.The GHG baseline above has been estimated as of FY2022 (excl. Kanalholmen 37A an-Bd Vassingerødvej 84).

Note: Based on preliminary information from the Seller.

The GHG baseline includes only emissions related to the properties’ energy usage (both tenants and owner). Energy for the buildings, e.g. common areas, purchased by the Seller is included in Scope 2, while the costs of energy used by tenants are included in Scope 3. The GHG baseline was calculated by consultancy firm 2050 on the basis of 57% measured data and 43% estimated data.

Individual energy screening of eight properties has been completed with more underway. By successfully implementing the identified energy projects, it is poten tially possible to significantly reduce the Portfolio’s energy-related GHG emissions over the next 2 years. Total portfolio savings in Scopes 2 & 3 may reach 30–40% (subject to quality EMS reassurance).

PROJECT PROXIMITY | ASSET BOOK

Energy Management System (EMS) implementation to meet future ESG requirements

Expected results of EMS implementation

Improve energy efficiency by +10% by means of state-of-the-art sustainability reporting

To reduce the data gap (current GHG baseline based on 43% estimated data) and improve energy efficiency, a roadmap for EMS implementation is in place, including utility meters to collect all property usage data with further development potential in terms of activating AI functionality at a later point in time.

Selected supplier NEOGRID TECHNOLOGY

Quality reassurance and better data founda tion for future individual energy projects to significantly mitigate risks, improving results and improving track record

TBD

Enable energy-savings initiatives to improve tenant relationships and earn sales points in letting / renegotiating to achieve better rental terms as tenants will directly benefit from the energy savings

TBD

PHASE 3 Fully operational (to be discussed with potential buyer)

2023 Q3 and Q4

PHASE 2 Full-scale roll out (to be discussed with potential buyer)

Further development potential in activating AI functionality as technology advances

PHASE 1 Pilot project

incl. two properties (Nyager 11 and Lejrvej 23A)

Note: Based on preliminary information from the Seller.

PROJECT PROXIMITY | ASSET BOOK

Overview of identified property-specific initiatives ESG initiatives

PROPERTY

PROJECT(S)

STATUS

PRELIMINARY TIMELINE

GHG EMISSIONS REDUCTION POTENTIAL 1

COST ESTIMATE DKKm 2

ENERGY SAVINGS DKKm p.a. 2

ESTIMATED RENT POTENTIAL DKKm p.a. 3

YIELD ON COST 4

CURRENT EPC LABEL

POTENTIAL EPC LABEL

≈ 80%

Heat Pump, Solar Panels Finalised

Feb 23

Gydevang 25

4.7 6

0.5 6

0.4 6

A2010

A2020

BMS, Ventilation, Circulation pump

Tenant dialogue completed

≈ 5%

Dec 23 – Jun 24

Lighting, Ventilation , Electrical panels, Solar panels Roof insulation, Heating control, Solar panels, Lighting Lighting, Solar panels, Ventilation, Heating control Lighting, Ventilation, Heat pump, Circulation pumps, Solar panels

Energy report completed

Tonsbakken 10

Feb 24 – Jun 24 30 - 50%

3.3

0.8

0.5

16%

A2010

Pending 7

Metalbuen 12-20

A2010

Tenant dialogue Feb 24 – Jun 24 30 - 50%

3.7

0.3

0.2

Nyager 11-13

2.8

0.7

0.5

16%

A2010

Tenant dialogue Feb 24 – Jun 24 30 – 60%

Energy report completed

Feb 24 – Jun 24

50 – 80%

Lejrvej 23A

3.1

0.4

0.3

≈ 10%

Finalised

Dec 22

New gas burner

Lighting, Circulation pumps, Solar panels, CTS

Energy report completed

Roholmsvej 8

Apr 24 – Dec 24 30 – 50%

2.5

0.3

0.2

E & C

C & B

Lighting, Heat Pump, Solar Panels

Vassingerødvej 84 5

2.9

0.4

0.3

Pending 7

Tenant dialogue Feb 24 – Jun 24 50 - 85%

Heating control, Insulation, Lighting, Solar panels

Energy report initiated

Kanalholmen 37 A-B 5

2.4

0.2

0.1

Feb 24 – Jun 24 30 – 50%

TOTAL / AVERAGE

25.4

3.8

2.5 6

10%

Notes: Based on preliminary information from the Seller. 1 Only property-related emissions (Scope 2) included. 2 Exclude already finalised projects. 3 Estimated by the Seller at 66% of energy savings. 4 Estimated as rent potential in % of cost estimate. 5 Not included in the GHG Baseline 2022 since the properties were acquired in 2023. 6 The Seller will carry out the projects at Gydevang 25 up until expected closing. As the rental increase has already been finally agreed with the tenant, it is included in the rental income of year 1. 7 Yet to be assessed based on energy screenings.

PROJECT PROXIMITY | ASSET BOOK

THE PORTF

THE PORTFOLIO

PROJECT PROXIMITY | ASSET BOOK

The Portfolio

NO.

PROPERTY

PAGE

16 18

01. KORNMARKSVEJ 21 - DK-2605 Brøndby 02. NYAGER 11-13 - DK-2605 Brøndby 03. PRIORPARKEN 359 - DK-2605 Brøndby 04. ROHOLMSVEJ 8 - DK-2620 Albertslund 05. KULDYSSEN 15-17 - DK-2630 Taastrup 06. KULDYSSEN 19-21 - DK-2630 Taastrup 07. BROGRENEN 3 - DK-2635 Ishøj 08. BROGRENEN 6-8 - DK-2635 Ishøj 09. KANALHOLMEN 37A-B - DK-2650 Hvidovre 10. TONSBAKKEN 10 - DK-2740 Skovlunde 12. GYDEVANG 25 - DK-3450 Allerød 13. LEJRVEJ 23A - DK-3500 Værløse 14. VASSINGERØDVEJ 84 - DK-3540 Lynge 11. METALBUEN 12-20 - DK-2750 Ballerup

20 22 24 26 28 30 32 34 36 38 40 42

FOLIO

PROJECT PROXIMITY | ASSET BOOK

OFFICE / WAREHOUSE

WAREHOUSE

OFFICE / WAREHOUSE

Kornmarksvej 21 DK-2605 Brøndby

COPENHAGEN

BRØNDBY

PROJECT PROXIMITY | ASSET BOOK

Property description Comprising three adjoining main units, the property is a functional multi-user property used for warehouse/ workshop and offices. Units 1 and 2 both date from 1971, with unit 3 added in 1975. Units 1 and 3 extend to two floors above ground, unit 2 to a single storey. Units 2 and 3 have partial basements. The property has outer walls of light-coloured concrete elements and a slightly sloping felted roof. The property is hooked up to district heating. Facing Kornmarksvej, unit 1 primarily features functional office spaces on the upper floor, and storage on the ground floor. Unit 2 features warehouse facilities with skylights, loading facilities and gates, with ample turning space for vans and small lorries. Originally constructed for office use,

unit 3 was recently refurbished and partly converted, now featuring modern office space as well as storage space, with a central top-floor courtyard. The prop erty offers on-ground parking spaces along the stretch of the site facing Skelmarksvej. Micro location The property is located in a predominantly industrial area some 13 km southwest of central Copenhagen, in western Brøndby, Brøndbyvester. Just east of the property, runs Vallensbæk Torvevej, defining a border to a distinctly residential district. The property enjoys easy motorway access (E20 and E45) via Ring Road O3 with a drive time of some 25 minutes to the Copenhagen city centre.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

20m

KORNMARKSVEJ 21  DK-2605 BRØNDBY

KEY FACTS ADDRESS Kornmarksvej 21/Skelmarksvej 2-4 POSTAL CODE/CITY DK-2605 Brøndby TITLE NO. 20m Brøndbyvester By, Brøndbyvester CONSTRUCTION YEAR(S) 1971, 1975 TOTAL GLA, SQ M (% WAREHOUSE) 6,649 (62%) SITE AREA, SQ M 10,180 EPC RATING(S) C, D LEASE SITUATION NO. OF TENANTS 11 KEY TENANT(S) Kjær Knudsen, Ason AVERAGE TENURE | WAULT, YEARS 3.4 | 1.0 NOI, DKK (% OF PORTFOLIO) 4.3m (9%)

COPENHAGEN CITY CENTRE

RING ROAD O3

MOTORWAY 21

KORNMARKSVEJ 21

PROJECT PROXIMITY | ASSET BOOK

WAREHOUSE

OFFICE

Nyager 11-13 DK-2605 Brøndby

COPENHAGEN

BRØNDBY

01 02

PROJECT PROXIMITY | ASSET BOOK

Property description The property is a functional free-standing single storey building used for warehouse with auxiliary office space at the front. Constructed in 1977, the property features outer walls of grey concrete elements and a built-up roof. Due to the building design, the property’s current office space may easily be converted into additional warehouse space. The property has partial basement and is hooked up to district heating. At the rear, the property’s warehouse unit has two goods delivery gates , and at the front – facing Nyager - an arched extension with a full length glass façade, serving as the main entrance

and reception area. The property offers ample on-ground parking spaces at the front and side of the building. The site allows for easy access by vans and small lorries. Micro location The property is located in a predominantly industrial area some 13 km southwest of central Copenhagen, in western Brøndby, Brøndbyvester. Just west of the property, runs Vallensbæk Torvevej, defining a border to a distinctly residen tial district. The property enjoys easy motorway access (E20 and E45) via Ring Road O3 with a drive time of some 25 minutes to the Copenhagen city centre.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

5an

KORNMARKSVEJ 21  DK-2605 BRØNDBY NYAGER 11-13

KEY FACTS ADDRESS Nyager 11-13

POSTAL CODE/CITY DK-2605 Brøndby TITLE NO. 5an Brøndbyvester By, Brøndbyvester CONSTRUCTION YEAR(S) 1977 TOTAL GLA, SQ M (% WAREHOUSE) 3,336 (72%) SITE AREA, SQ M 7,816 EPC RATING(S) C LEASE SITUATION NO. OF TENANTS 1 KEY TENANT(S) CCL Label AVERAGE TENURE | WAULT, YEARS 47.2 | 1.0 NOI, DKK (% OF PORTFOLIO) 1.9m (4%)

COPENHAGEN CITY CENTRE

RING ROAD O3

MOTORWAY 21

NYAGER 11-13

PROJECT PROXIMITY | ASSET BOOK

WAREHOUSE

Priorparken 359 DK-2605 Brøndby

COPENHAGEN

BRØNDBY

01 03

PROJECT PROXIMITY | ASSET BOOK

Property description Dating from 1957 and extended in 1959, the prop erty is a functional free-standing single-storey warehouse facility with two adjoining but separate warehouse units of various ceiling heights (units 1 and 2) and a smaller warehouse/office unit (unit 3). Unit 1 is the largest and tallest unit facings east and featuring outer walls of grey concrete elements and a built-up roof, whereas the central unit (unit 2) features façade-cladding of light-coloured tiles and a dual pitched felted roof. At the rear of units 1 and 2, facing a large open-air storage yard, the property has a roofed-over loading dock and entry gates Internally, the warehouse units offer open-space, high-ceilinged storage space.

features an entry gate with direct road access. The property is hooked up to district heating. The property offers ample on-ground parking and turning space, also for lorries. The site allows for easy access by vans and lorries. Micro location The property is located at Priorparken in the eastern part of Brøndby, some 13 km southwest of central Copenhagen. Originally established by NKT to serve as a production site, Priorparken is today a successful business park with its own access control and security system. Immediately east of the property runs the E47 motorway, and to the west runs Ring Road 03. As a result, the property enjoys easy road and motorway access with a drive time of some 25 minutes to the Copenhagen city centre.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

19o

KORNMARKSVEJ 21  DK-2605 BRØNDBY PRIORPARKEN 359

KEY FACTS ADDRESS Priorparken 359, 363 & 371

POSTAL CODE/CITY DK-2605 Brøndby TITLE NO. 19o Brøndbyøster By, Brøndbyøster CONSTRUCTION YEAR(S) 1957 (1959) TOTAL GLA, SQ M (% WAREHOUSE) 4,295 (100%) SITE AREA, SQ M 7,933 EPC RATING(S) C

Facing west, unit 3 contains warehouse space and a minor office with a kitchenette. This unit also

COPENHAGEN CITY CENTRE

MOTORWAY 21

LEASE SITUATION NO. OF TENANTS 5 KEY TENANT(S) Matas, Rigspolitiet (Danish National Police) AVERAGE TENURE | WAULT, YEARS 7.2 | 0.8 NOI, DKK (% OF PORTFOLIO) 2.4m (5%)

MOTORWAY E47

PRIORPARKEN 359

PROJECT PROXIMITY | ASSET BOOK

OFFICE

WAREHOUSE

GARAGE

WAREHOUSE

Roholmsvej 8 DK-2620 Albertslund

ALBERTSLUND

COPENHAGEN

01 04

PROJECT PROXIMITY | ASSET BOOK

Property description Comprising two main free-standing units, the prop erty is a functional multi-user property primarily used for warehouse and office. Dating from 1964, units 1 and 2 are warehouse buildings with entry gates on the sides and at the rear. Following subse quent reconstruction and upgrade works, unit 1 today also contains offices and showrooms (retail units), mainly in the part facing Roholmsvej. Unit 1 has outer walls of red brick, while unit 2 has outer walls of concrete. Both units have felted roofing. Constructed in 1990, unit 3 is an office unit in two storeys plus basement areas. Constructed with outer walls of yellowish concrete elements and felted roofing, this unit features a glass/ steel combined stairwell and entrance add-on construction. Unit 4 is a 169 sq m garage facility of

red bricks, upgraded in 2002 and situated in the north-western part of the site, facing Roholmsvej.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

10s

The property is hooked up to district heating and offers on-ground parking spaces.

Micro location Although the property is situated in a fairly central location in the town of Albertslund, some 15 km west of central Copenhagen, it enjoys excellent accessibility in terms of close proximity to Ring Road 03 and the motorway grid (E47) with a drive time of some 30 minutes to the Copenhagen city centre. Albertslund is a Copenhagen suburb mainly built in the 1960s and 1970s. The property is located in an industrial district surrounded by residential neighbourhoods.

KORNMARKSVEJ 21  DK-2605 BRØNDBY ROHOLMSVEJ 8  DK-2620 ALBERTSLUND

KEY FACTS ADDRESS Roholmsvej 8

POSTAL CODE/CITY DK-2620 Albertslund TITLE NO. 10s Herstedvester By, Herstedvester CONSTRUCTION YEAR(S) 1964 (1987, 1991, 2003), 1990 TOTAL GLA, SQ M (% WAREHOUSE) 5,602 (62%) SITE AREA, SQ M 9,495 EPC RATING(S) E, C LEASE SITUATION NO. OF TENANTS 11 KEY TENANT(S) Vinyl.EU, Haunstoft AVERAGE TENURE | WAULT, YEARS 7.6 | 1.2 NOI, DKK (% OF PORTFOLIO) 2.7m (5%)

COPENHAGEN CITY CENTRE

RING ROAD O3

MOTORWAY E47

ARTERIAL ROAD

ROHOLMSVEJ 8

PROJECT PROXIMITY | ASSET BOOK

OFFICE

LIGHT INDUSTRIAL

OFFICE

Kuldyssen 15-17 DK-2630 Taastrup

COPENHAGEN

TAASTRUP

01 05

PROJECT PROXIMITY | ASSET BOOK

Property description Dating from 1975, the property comprises a main rectangular single-storey multi-tenant facility (unit 1) used primarily for light industrial purposes, including auto repairs and similar. It has a substan tial number of entry gates placed on all four sides. On the western side of the main building, there are two add-on constructions on either side of two central entry gates (units 2 and 3). The add-on constructions have lower ceiling height and are used mainly for offices. The property has partial basement, outer walls of light-coloured concrete elements and a felted sloping roof. It is hooked up to district heating. The property offers on-ground parking spaces all around the building, including between the two

add-on constructions and in front of the property, facing Kuldyssen.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

11bl

Micro location The property is located in a predominantly indus trial district in the town of Taastrup, some 18 km west of central Copenhagen. Taastrup forms a twin urban area with neighbouring suburb Høje Taastrup. To the north, the industrial district borders on the railway tracks, to the west on Hveens Boulevard, with residential neighbour hoods surrounding it all on sides. The location enjoys excellent accessibility in terms of proximity to Ring Road 04 and the motorway grid (Route 21) with a drive time of some 30 minutes to the Copenhagen city centre.

KORNMARKSVEJ 21  DK-2605 BRØNDBY KULDYSSEN 15-17  DK-2630 TAASTRUP

KEY FACTS ADDRESS Kuldyssen 15-17

POSTAL CODE/CITY DK-2630 Taastrup TITLE NO. 11bl Høje-Taastrup By, Taastrup Nykirke CONSTRUCTION YEAR(S) 1975 (1987) TOTAL GLA, SQ M (% WAREHOUSE) 4,847 (87%) SITE AREA, SQ M 7,656 EPC RATING(S) na LEASE SITUATION NO. OF TENANTS 6 KEY TENANT(S) Taastrup Autoophug, MG Auto AVERAGE TENURE | WAULT, YEARS 9.7 | 0.5 NOI, DKK (% OF PORTFOLIO) 2.6m (5%)

COPENHAGEN CITY CENTRE

MOTORWAY 21

ARTERIAL ROAD

KULDYSSEN 15-17

PROJECT PROXIMITY | ASSET BOOK

LIGHT INDUSTRIAL

OFFICE

Kuldyssen 19-21 DK-2630 Taastrup

COPENHAGEN

TAASTRUP

01 06

PROJECT PROXIMITY | ASSET BOOK

Property description Originally dating from 1975 and reconstructed in 1991, the property comprises three rectangular single-storey buildings, the larger one (unit 1) of the same building design as Kuldyssen 15-17 on the neighbouring site (also included in the Transaction) but has no basement. The smaller buildings (units 2 and 3) contain an auto repair shop and add-on office space, respectively. These buildings have outer walls of brick and fibrecement roofing. Like Kuldyssen 15-17, unit 1 is a multi-tenant facility used mainly for light industrial purposes, including auto repairs, catering and similar. It has multiple entry gates on all four sides. The property offers on-ground parking spaces all around the building,

including in front of the property, facing Kuldyssen, and it is heated by central heating.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

11as

KORNMARKSVEJ 21  DK-2605 BRØNDBY KULDYSSEN 19-21  DK-2630 TAASTRUP

KEY FACTS ADDRESS Kuldyssen 19-21

POSTAL CODE/CITY DK-2630 Taastrup TITLE NO. 11as Høje-Taastrup By, Taastrup Nykirke CONSTRUCTION YEAR(S) 1975 (1991) TOTAL GLA, SQ M (% WAREHOUSE) 4,836 (94%) SITE AREA, SQ M 8,494 EPC RATING(S) na LEASE SITUATION NO. OF TENANTS 10 KEY TENANT(S) AU2Vest, Delicatering AVERAGE TENURE | WAULT, YEARS 8.8 | 0.5 NOI, DKK (% OF PORTFOLIO) 2.1m (4%)

N COPENHAGEN CITY CENTRE

MOTORWAY 21

ARTERIAL ROAD

KULDYSSEN 19-21

PROJECT PROXIMITY | ASSET BOOK

OFFICE

LIGHT INDUSTRIAL

Brogrenen 3 DK-2635 Ishøj

COPENHAGEN

ISHØJ

01 07

PROJECT PROXIMITY | ASSET BOOK

13cv

13bf

Property description Dating from 1975, the property consists of two adjoining but slightly offset units in one- and two storeys, respectively. The property is a single tenant facility used for light industrial and office purposes. The tenant recently expressed an interest in having solar panels installed. The property is a yellow-brick construction with distinctive window sections with white steel clad ding and a felted built-up roof. It features entry gates on three sides. It is hooked up to district heating and offers on-ground parking spaces in front of the buildings. Access to the site is facili tated by two entry points.

oped site areas, consisting partly of green space, partly of tarmacked area. Title no. 13bt is required to be kept unbuilt due to an underground pipeline (regulated by easement). Micro location The property is located in a predominantly mixed-use industrial/commercial district on the outskirts of Ishøj, some 20 km west of central Copenhagen. Ishøj Municipality is part of the Capital Region of Denmark. The property is situated in close proximity of the E20 motorway and the junction where it inter sects with Motor Ringway 04. As a result, the property enjoys excellent access by road, with a drive time of some 25 minutes to the Copenhagen city centre.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

13ao

KORNMARKSVEJ 21  DK-2605 BRØNDBY BROGRENEN 3  DK-2635 ISHØJ

KEY FACTS ADDRESS Brogrenen 3 POSTAL CODE/CITY DK-2635 Ishøj TITLE NO. 13ao, 13bf & 13cv Ishøj By, Ishøj CONSTRUCTION YEAR(S) 1975 TOTAL GLA, SQ M (% WAREHOUSE) 1,226 (65%) SITE AREA, SQ M 3,496 EPC RATING(S) C

The buildings are situated on title no. 13ao Ishøj By, Ishøj. The two remaining title nos. refer to undevel

COPENHAGEN CITY CENTRE

MOTORWAY 21

MOTORWAY E20

ARTERIAL ROAD

LEASE SITUATION NO. OF TENANTS 1

KEY TENANT(S) Tomra System AVERAGE TENURE | WAULT, YEARS 10.7 | 6.8 NOI, DKK (% OF PORTFOLIO) 0.8, (2%)

BROGRENEN 3

PROJECT PROXIMITY | ASSET BOOK

LIGHT INDUSTRIAL

Brogrenen 6-8 DK-2635 Ishøj

COPENHAGEN

ISHØJ

01 08

PROJECT PROXIMITY | ASSET BOOK

Property description Originally constructed in 1974 and reconstructed in 1977, the property is a mixed-use light indus trial/warehouse and office facility. The light indus trial/warehouse area is a single-storey construc tion, whereas the office part has two floors above ground. The property also has partial basement. It is constructed of light-coloured concrete elements and has felted roofing. At the front, facing the neighbouring property Brogrenen 3 (also part of the proposed Transaction), the property features a distinctive add-on glass and steel entrance area as well as windows that continue in the office section, i.e., the first stretch of the building’s two sides. On either side of the building, there are three entry gates. The property is heated by a central heating system (natural gas). The property offers on-ground parking and turning space in front of

the building and along the sites, allowing for easy access by vans and small lorries. Access to the site is facilitated by two road entry points. The building is situated on title no. 13ao. The other title no. (13be), consisting partly of green space, partly of a tarmacked access area, is required to be kept unbuilt due to an underground pipeline (see p. 29). Micro location The property is located in a predominantly mixed-use industrial/commercial district on the outskirts of Ishøj, some 20 km west of central Copenhagen. Ishøj Municipality is part of the Capital Region of Denmark. The property is situ ated in close proximity of the E20 motorway and the junction where it intersects with Motor Ringway 04. As a result, the property enjoys excel lent access by road, with a drive time of some 25 minutes to the Copenhagen city centre.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

13an

13be

KORNMARKSVEJ 21  DK-2605 BRØNDBY BROGRENEN 6-8  DK-2635 ISHØJ

KEY FACTS ADDRESS Brogrenen 6-8 POSTAL CODE/CITY DK-2635 Ishøj TITLE NO.

13an & 13be Ishøj By, Ishøj CONSTRUCTION YEAR(S) 1974 (1977) TOTAL GLA, SQ M (% WAREHOUSE) 3,327 (72%) SITE AREA, SQ M 6,216 LEASE SITUATION NO. OF TENANTS 2 KEY TENANT(S) TJ Karrosseri AVERAGE TENURE | WAULT, YEARS 9.7 | 0.5 EPC RATING(S) D (expired)

COPENHAGEN CITY CENTRE

MOTORWAY 21

MOTORWAY E20

ARTERIAL ROAD

BROGRENEN 6-8

NOI, DKK (% OF PORTFOLIO) 1.5m (3%)

PROJECT PROXIMITY | ASSET BOOK

WAREHOUSE

Kanalholmen 37 A-B DK-2650 Hvidovre

COPENHAGEN

HVIDOVRE

01 09

PROJECT PROXIMITY | ASSET BOOK

Property description The property consists of two commonhold units, combined making up a free-standing building originally constructed in 1994 and reconstructed in 2002. The building has outer walls of dark-grey concrete with light-grey horizontal bands, and a felted built-up roof. At the front, facing entry to the site from the road, the property features a two-storeyed office section with ample windows allowing for daylight inflow. Adjoining the office unit, a high-ceilinged warehouse section offers multiple add-on loading docks for lorries, situated at the rear. The property is hooked up to district heating and offers on-ground parking at the front and turning/parking spaces for vans and lorries at the rear. The principal site contains another

building, used for warehouse (not part of the proposed Transaction).

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

43ed units 6 & 7

Micro location The property is located at Avedøre Holme, a 450-ha industrial district some 10 km south of Copenhagen. Avedøre Holme benefits from an outstanding location right next to the E20 motorway, effectively cutting transport times to Copenhagen. The property is situated in the western part of Avedøre Holme, next to one of the canals that have been established to perma nently drain the land. Via the E20, the property enjoys excellent access to the Copenhagen city centre and Copenhagen Airport, with a drive time of some 20 and 15 minutes, respectively.

KEY FACTS ADDRESS

KORNMARKSVEJ 21  DK-2605 BRØNDBY KANALHOLMEN 37A-B  DK-2650 HVIDOVRE

Kanalholmen 37A-B POSTAL CODE/CITY DK-2650 Hvidovre TITLE NO. 43ed Avedøre By, Avedøre, commonhold units 6 & 7 CONSTRUCTION YEAR(S) 1994 (2002) TOTAL GLA, SQ M (% WAREHOUSE) 6,558 (80%) SITE AREA, SQ M 32,444 (principal property) EPC RATING(S) C LEASE SITUATION NO. OF TENANTS 1 KEY TENANT(S) Haugen-Gruppen AVERAGE TENURE | WAULT, YEARS 29.2 | 0.5 NOI, DKK (% OF PORTFOLIO) 4.6 (9%)

CPH AIRPORT

COPENHAGEN CITY CENTRE

ARTERIAL ROAD

MOTORWAY E20

KANALHOLMEN 37A-B

PROJECT PROXIMITY | ASSET BOOK

WAREHOUSE

LIGHT INDUSTRIAL

WAREHOUSE / OFFICE

Tonsbakken 10 DK-2740 Skovlunde

SKOVLUNDE

COPENHAGEN

01 10

PROJECT PROXIMITY | ASSET BOOK

Micro location The property is located in a mixed-use commer cial district on the outskirts of Skovlunde, some 13 km north-west of Copenhagen. Favoured by medium-sized manufacturing and office users, the micro location enjoys excellent accessibility due to its proximity to Ring Road 03, providing a swift road link to the rest of Greater Copenhagen. Today, the property enjoys excellent access to the Copenhagen city centre by car, with a drive time of some 25 minutes. The Greater Copenhagen Light Rail, scheduled for commissioning in 2025, is expected to boost the location’s popularity as the light rail will call at Herlev S-train station in the vicinity of the prop erty. Copenhagen city centre, with a drive time of some 25 minutes.

Property description The property includes a main building consisting of an atrium building dating from 1986 (unit 1), and an extension added in 2014 (unit 2). Featuring outer walls of light-coloured concrete elements and felted roofing, unit 1 is used for warehouse/office. The property’s main entrance is set in a tall glass/ steel section of unit 1. Unit 2 serves as showroom and test facility for the current tenant This building has dark-grey facades and full-height windows on the side. In addition, the property includes a single-storey free-standing uninsulated ware house facility, dating from 2007. Constructed with outer walls and roofing of metal, the warehouse building has entry gates and an add-on garage facility on the side. The property offers on-ground parking spaces in front of the main building and is hooked up to district heating.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

14dd

KORNMARKSVEJ 21  DK-2605 BRØNDBY TONSBAKKEN 10  DK-2740 SKOVLUNDE

KEY FACTS ADDRESS Tonsbakken 10

POSTAL CODE/CITY DK-2740 Skovlunde TITLE NO. 14dd Skovlunde By, Skovlunde CONSTRUCTION YEAR(S) 1986 (2014), 2007 TOTAL GLA, SQ M (% WAREHOUSE) 9,914 (74%) SITE AREA, SQ M 16,069 EPC RATING(S) A2010

COPENHAGEN CITY CENTRE

MOTORWAY E47

RING ROAD 03

LEASE SITUATION NO. OF TENANTS 1

KEY TENANT(S) Haas-Meincke AVERAGE TENURE | WAULT, YEARS 10.7 | 0.5 NOI, DKK (% OF PORTFOLIO) 6.5m (13%)

ARTERIAL ROAD

TONSBAKKEN 10

PROJECT PROXIMITY | ASSET BOOK

LIGHT INDUSTRIAL

WAREHOUSE

OFFICE

BUILDING RIGHTS

Metalbuen 12-20 DK-2750 Ballerup

BALLERUP

COPENHAGEN

01 11

PROJECT PROXIMITY | ASSET BOOK

Property description Originally constructed in 1962, the property is a functional multi-user facility used mainly for ware house and R&D facilities with ancillary office space. It consists of three units of varying building heights and design. Unit 1 is one of the higher construc tions, currently used for R&D purposes (same tenant as the neighbouring property). Unit 2 is a lower front building with large entry gates, facing Metalbuen, with two parallel wings protruding at the back. Finally, unit 3 is used mainly for office space with workshops in the basement. The property features ramps on each side of the buildings, which ensure easy access to base ment areas also for vehicles. The property offers on-ground parking spaces in front of the main building as well as ample access and turning space. The property includes a strip of undevel

oped land (917 sq m) along the railroad tracks, registered under a separate title no. (19gy Ballerup By, Ballerup). Micro location The property is located on the outskirts of the town of Ballerup, in a predominantly light indus trial district between the railway tracks and Ballerup Byvej, a main arterial road connecting to Ring Road 03 and Motorway Ring 04. Ballerup is a mid-sized town some 16 km north-west of central Copenhagen, equivalent to a drive time of some 30 minutes. The micro location enjoys excellent accessibility due to its proximity to the road grid, providing a swift link to the rest of Greater Copenhagen. The property is located a 6-minute walk from Malmparken station on the Frederikssund radial of the Copenhagen S-train network.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

19dp

19gy

KORNMARKSVEJ 21  DK-2605 BRØNDBY METALBUEN 12-20 DK-2750 BALLERUP

KEY FACTS ADDRESS Metalbuen 12-20 POSTAL CODE/CITY DK-2750 Ballerup TITLE NO. 19dp & 19gy Ballerup By, Ballerup CONSTRUCTION YEAR(S) 1962 TOTAL GLA, SQ M (% WAREHOUSE) 11,838 (81%) SITE AREA, SQ M 20,096 EPC RATING(S) D LEASE SITUATION NO. OF TENANTS 10 KEY TENANT(S) BASF, Resino Inks AVERAGE TENURE | WAULT, YEARS 20.6 | 1.5 NOI, DKK (% OF PORTFOLIO) 5.9m (12%)

COPENHAGEN CITY CENTRE

MOTORWAY E47

RING ROAD 03

ARTERIAL ROAD

METALBUEN 12-20

PROJECT PROXIMITY | ASSET BOOK

LIGHT INDUSTRIAL

OFFICE

Gydevang 25 DK-3450 Allerød

ALLERØD

COPENHAGEN

01 12

PROJECT PROXIMITY | ASSET BOOK

Property description Originally constructed in 1987, the property serves as a domicile building that meets the specific needs of the current tenant. Firstly, it comprises a recently refurbished office building (unit 1), which overlooks a rotund arrival area. The building forms an L-shape, featuring a central square glass/steel reception unit with top-floor ribbon windows. At the rear, the building adjoins a light industrial part (unit 2) by a narrow intermediate glass/steel building. The office unit has two floors plus base ment. The light industrial unit has seen several upgrades over the years and today features production, laboratory, and warehouse facilities with entry gates and solar panels on the roof. It extends to one floor but of varying ceiling heights, no basement. The main construction of the prop

erty is outer walls of concrete and felted roofing. It is heated by a heat pump and central heating (natural gas). The property offers on-ground parking spaces at the front and in a car park. Micro location The property is located in a commercial district on the outskirts of the Lillerød, an affluent small town some 32 km north of Copenhagen, equiva lent to a drive time of some 35 minutes. The prop erty enjoys easy access to the Hillerød motorway (Route 16) and to the Helsingør (Elsinore) motorway, connecting to the E47/E55. The micro location therefore enjoys excellent accessibility due to its proximity to the road grid, providing a swift link to the Copenhagen city centre as well as the rest of Greater Copenhagen.

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

8ap

KORNMARKSVEJ 21  DK-2605 BRØNDBY GYDEVANG 25 DK-3450 ALLERØD

KEY FACTS ADDRESS Gydevang 25 POSTAL CODE/CITY DK-3450 Allerød TITLE NO.

8ap Lillerød By, Lillerød CONSTRUCTION YEAR(S)

1987 (2004), 1989 (2018), 1991 TOTAL GLA, SQ M (% WAREHOUSE) 11,298 (58%) SITE AREA, SQ M 30,000 EPC RATING(S) A2010 LEASE SITUATION NO. OF TENANTS 1 KEY TENANT(S) Welltec AVERAGE TENURE | WAULT, YEARS 19.2 | 7.8 NOI, DKK (% OF PORTFOLIO) 9.8m (20%)

LILLERØD

ARTERIAL ROAD

MOTORWAY (2 KM)

GYDEVANG 25

PROJECT PROXIMITY | ASSET BOOK

OFFICE

WAREHOUSE

Lejrvej 23A DK-3500 Værløse

VÆRLØSE

COPENHAGEN

01 13

PROJECT PROXIMITY | ASSET BOOK

Property description Dating from 1991, the property is a multi-user building constructed of light-coloured concrete elements and felted roofing. It comprises a ware house unit (unit 1) with entry gates at the rear. It is sub-divided into multiple leases, including four with minor square office units at the front (units 2-5), linked to the warehouse facility via steel/glass intermediate constructions. Each office unit has a glass/steel entrance and arched skylights, allowing for daylight inflow. The office units are virtually identical in design and size, comprising two floors above ground but one unit (unit 2) includes tech nical installations, etc. in the basement.

constitutes a grassed-over area currently used for a football field (allowed in accordance with easement).

JYLLINGEVEJ 336A  DK-2610 RØDOVRE

25m

25z

Micro location The property is located in a commercial cluster on the outskirts of Værløse. To the east, the prop erty borders on green fields and the scenic lake of Præstesø, to the west on Kirke-Værløse Stadium’s football grounds. Værløse is a small, affluent and popular residential location some 22 km north west of Copenhagen. Via the Hillerød Motorway (Route 16), the drive time to central Copenhagen is some 30 minutes. Route 16 connects to the E47 and E55. The micro location therefore enjoys excel lent accessibility due to its proximity to the road grid, providing a swift link to the Copenhagen city centre as well as the rest of Greater Copenhagen.

KORNMARKSVEJ 21  DK-2605 BRØNDBY LEJRVEJ 23A DK-3500 VÆRLØSE

KEY FACTS ADDRESS Lejrvej 23A-E, Kirke Værløse

POSTAL CODE/CITY DK-3500 Værløse TITLE NO. 25m & 25z Kirke Værløse By, Værløse CONSTRUCTION YEAR(S) 1991 TOTAL GLA, SQ M (% WAREHOUSE) 4,851 (81%) SITE AREA, SQ M 16,494 EPC RATING(S) E LEASE SITUATION NO. OF TENANTS 3 KEY TENANT(S) Friluftsland, Kaj Nielsen & Søn Maskinfabrik, LEAF Packaging AVERAGE TENURE | WAULT, YEARS 20.0 | 0.5 NOI, DKK (% OF PORTFOLIO) 2.3m (5%)

The property has central heating (natural gas) and offers on-ground parking. Part of the property

VÆRLØSE

MOTORWAY 16

ARTERIAL ROAD

LEJRVEJ 23A

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