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Taking your Real Estate to the Next Level

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CBRE Romania

on 17 March 2015

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Transcript of Taking your Real Estate to the Next Level

Taking Real Estate to the Next Level

for:

Our objective:

Support
Groupama
to take an informed, smart real estate decision for decades to come.
1. Ground Floor
2. Top Floor
3. Which Way?
4. Top Speed Elevator
Groupama divisions work in separate properties.

2 owner occupier
Eminescu and Casin buildings;
extra land on Eminescu;

1 lease: Plevnei

Costs (financial):
property taxes, maintainance, capital expenditures, rent for Plevnei;
Costs (non financial):
communication between teams, not benefiting of economies of scale;

Which Way Up?
Options: Own vs Lease
Options within Options
Own
Lease
Develop on existing land plot in Eminescu
Swap properties (+potential cash difference)
Partnership with an experienced developer:
sale and lease back
Pre-lease for consolidated operations and lease/sell own properties
Pre-lease for consolidated operations and swap own properties in exchange (+potential cash difference)
No wonder one might feel under water with all these options within options....
Our team is ready to help you navigate to the top
We will provide 3 top speed elevators:

Innovation

Resources

Relationships

INNOVATION
ZIP Code Analysis
Workspace Consultancy
Virtual tour and space planning of future facilities
RESOURCES
Knowledge Bank
Complete team and expertise
Tools
Leading RE company worldwide, with strong track record in complex deals, often being a service integrator.

Complete team formed out of Office Leasing, Capital Markets, Project Management.



Relationships
covering all potential leads on the market, thus having the richest market input.
Team with pre-lease experience
Top Speed Elevator
Office Team
Capital Markets Team
Project Management Team
Research & Consultancy
Regional support - Capital Financing
Our Floor, Top Floor
CBRE Team is committed to assemble the most experienced team in building a clear business plan for Groupama
AGENDA
GROUND FLOOR
WORKPLACE CONSULTANCY
DECISION MATRIX
CASH FLOW ANALYSIS
ZIP CODE ANALYSIS
10 AGENTS
56 YEARS' EXPERIENCE
OFFICE DEPARTMENT
CASE STUDIES
OFFICE TEAM
REFERENCES
REFERENCES
CASE STUDIES
THE LARGEST PROJECT MANAGEMENT
TEAM IN RE
51 YEARS' EXPERIENCE
Including construction supervision of Bucharest Business Park (24,000 sq m) and Global City (50,000 sq m) and reconversion of Metropolis Bravo from aparthotel to office building
CLIENTS
Hewlett Packard
Lenovo
S Immo
Soravia Group
ING Insurance
Globalworth
Servier Pharma
Bancpost SA
Unicredit Bank Austria AG
Bursa de Valori Bucuresti
RESEARCH & CONSULTANCY TEAM
30 YEARS' EXPERIENCE
Carrefour
Cora
Baneasa Developments
AEW Europe
CA Immo
AFI Europe
Genesis Development
CAPITAL MARKETS TEAM
29 YEARS' EXPERIENCE
Coordinating and closing complex transactions, forward purchases and portfolio sales.
Working with international investors for local and cross-border transactions.
Increasing returns by providing the best market knowledge, combined with best advisory and execution skills.
Co-investment, joint ventures and limited partnerships.
Identifying future sources of investment demand and supply.
Providing access to new lenders and capital structures.

CASE STUDY
EACH OPTION HAS PROS AND CONS!
Own
Lease
+
-
Lower up front capital requirements.
The availability of various lease term choices (length) that best fit your companies projected operational requirements.
More flexibility for growth and contraction both short and long term.
Ease of disposition at the end of the lease term.
Exposure to fluctuations in market rents and landlord-provided concession packages and incentives.
Typically dependent on third-party property management and service providers for quality of life and service issues.

Potential property value appreciation
At some point with continued occupancy, ownership becomes less expensive each year on an actual cash basis.
Control of quality of life and property management vendors.

Ownership of real estate is a separate non-core business that requires time, real estate expertise and resources.
Less flexibility than leasing particularly in growth and contraction.
Potential loss in asset value.
Periodic significant capital expenditures
Risk associated with change in demographics, transportation issues, and perceived neighbourhood quality.


In the last 36 month
CBRE pre-leased
50,000 sq m
To be considered
Own

Land dilapidation and construction estimates for Eminescu
Financing costs
IRR
Own
Sale and lease back P&L Analysis
Disposal scenarios and potential financial gains for sale and/or lease for Eminescu and Marasti
Cash flow analysis of leasing costs (5 and 10 years leasing)
Integration of all scenarios - decision matrix
FEE PROPOSAL
20,000 EUR for in depth study or free of charge if a representation mandate is granted.
„We are happy to announce the disposal of Green Court Buildings A in such a short time frame after the project finalisation. We are present on the Romania market for 3 years and the fact that we closed this transaction proves the quality of our work.” Marcin Lapinski, President Skanska Property Romania
MIHAI EMINESCU
MARASTI
PLEVNEI
Full transcript