Vastgoedfonds APF V B.V.

Offered February 2007.

APF International B.V. selected sixteen shops in Budapest, Hungary, as an investment for Vastgoedfonds APF V B.V. The shops are located in the main retail area of Budapest. These are apartment rights. The (residential) spaces above the shops will not be purchased.

The shops are (virtually) all leased to lessees selling a range of brands well-known both in Hungary and internationally, along with a few successful local formulas.

All leases are Euro-related. All of the properties in the portfolio are located on the Pest side of the city centre of Budapest, on the eastern bank of the Danube. The shops are spread across the fifth, sixth and seventh districts. The locations enjoy good access by public transport, in particular metro, bus and tram connections. The portfolio can be divided into three clusters: the Váci utca (and immediate vicinity), the Erzsébet krt. and Rákóczi út.


Kerngegevens

Juridische structuurLtd.
LandHungary
Fiscale statusindependant tax liability
Aantal Certificaten96
Koopprijs per Certificaat€ 60.000
OverdraagbaarheidThe Certificates may in principle be freely transferred, but trading in them is limited preferential return.
Eigen vermogen€ 5.760.000
Vreemd vermogen€ 9.750.000
Totale fonds­investering€ 15.510.000
Direct rendementAverage 7,3% (return on investment) per year after Hungarian and Dutch corporation tax
Prognose totaalrendementAverage 10.4% (return on investement) per year after Hungarian and Dutch corporation tax (9.4% IRR)
Preferent rendement7.3% (return on investement) per year
Beleggingshorizon10 years
Hypotheek­verstrekkerMKB Bank Nyrt. at Budapest
Hypotheekrente5.8%
Plaatsing begeleid door:Adviesgroep Reyersen van Buuren bv, Amstelveen