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PORTFOLIO OVERVIEW
As at Mach 31, 2022, the REIT Properties consist of fourteen office properties in France, Germany and Spain comprising approximately 1,650,000 square feet of GLA with a portfolio occupancy rate of approximately 83% and a weighted average lease term of 3.1 years (not including tenant early termination rights), offering a stable lease rollover profile. Seven of the properties are located in France, all of which are situated in the Greater Paris Region and the Inner Rim. Six of the remaining properties are located in Germany and one in Spain. The REIT properties are strategically located in major cities and town centers, generally in close proximity to public transport. The locations typically provide excellent visibility, access to principal roads and city center pedestrian and shopping areas. Given their central and strategic locations, we believe that these properties will continue to be attractive to office, commercial, industrial and retail tenants.
Property Name | City | Country | Total GLA (Sq FT) | Occupancy | % of Total GLA |
Courbevoie Property | Courbevoie | France | 95,903 sq.ft | 11% | 5.9% |
Gaia property | Nanterre | France | 119,499 sq.ft. | 84% | 7.3% |
Sabliere Property | Paris | France | 41,043 sq.ft | 45% | 2.5% |
Baldi Property | Saint-Ouen | France | 123,657 sq.ft | 34% | 7.5% |
Arcueil Property | Arcueil | France | 334,521 sq.ft | 100% | 20.4% |
Metropolitain Property | Paris | France | 78,818 sq.ft | 100% | 4.8% |
Délizy Property | Pantin | France | 71,617 sq.ft | 75% | 4.4% |
TOTAL FRANCE | 865,058 sq.ft | 73,81% | 52,80% | ||
Duisburg Property | Duisburg | Germany | 108,960 sq.ft | 100% | 6.6% |
TRIO Property | Neu Isenburg | Germany | 193,914 sq.ft | 87% | 11.9% |
Bad Homburg Property | Bad Homburg | Germany | 109,104 sq.ft | 71% | 6.7 % |
Stuttgart Property | Stuttgart | Germany | 121,416 sq. ft | 99% | 7.4% |
Neu-Isenburg Property | Neu Isenburg | Germany | 67,334 sq.ft. | 98% | 4.1% |
Kösching Property | Kösching | Germany | 53,058 sq.ft | 100% | 3.2% |
TOTAL GERMANY | 653,786 sq.ft | 90,91% | 39,90% | ||
Delgado property | Madrid | Spain | 119,922 sq.ft. | 100% | 7.3% |
TOTAL SPAIN | 119,922 sq.ft | 100,00% | 7,30% | ||
GRAND TOTAL | 1 638,766 sq.ft | 82,55% | 100,00% |