KBC’s 2nd Annual CEE Real Estate Conference
Warsaw, 6th & 7th September 2007
Corporate Attendees
XXI Century Investments (XXIC LN)
XXI Century Investments is one of the leading real estate developers in Ukraine.
In December 2005 XXI Century listed 35,7% of its shares on the LSE AIM market. In May 2007 the company raised US$175m through its debut Eurobond issue to develop real estate projects in Ukraine. XXI Century project portfolio contains approximately 4 mill sq.m of retail, office, hotel (operated by French Accor group), warehouse and residential properties in various stages of development. XXI Century is a nation-wide developer, having projects in 10 regions of Ukraine. The company is actively expanding into new attractive locations.
www.21.com.ua
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Bio Bulgaria Development Company (BBDC)
Bio Bulgaria Development Company (“BBDC”) brings together a highly experienced international management team that includes some of the world’s top rated agricultural specialists and emerging market investors. The company is focused on investing in agricultural land and related dairy industries in Bulgaria and its neighbours. Investors benefit from the significant appreciation in land prices and the exponential growth in demand for organic milk products. The Company has attracted significant political support and is strongly placed to develop the largest organic land asset in the region. The Bio Bulgaria Development Company also offers long term opportunities for selective luxury residential development.
www.biobulgaria.eu
Dragon Ukrainian Properties & Development plc (DUPD LN)
Dragon – Ukrainian Properties & Development Plc is an AIM-listed real estate investment company focusing on development and re-development opportunities in Ukraine. The investment objective of the company is to provide shareholders with strong capital growth by taping on the existing opportunities in the retail, office and warehousing sectors in partnership with leading developers and operators. Having raised US$ 208 million at US$2 per share, DUPD‘s ordinary shares were admitted to trading on the AIM market of the London Stock Exchange on 1 June 2007.
www.dragon-upd.com
Bulgarian Property Development (BPD LN)
Since the inception of Bulgarian Property Development plc the Group has concentrated on acquiring sites and land for commercial development in Bulgaria.
The major activity of the company is as an investor and developer of commercial, office, retail and warehousing property with an excellent geographical spread throughout Bulgaria.
Their main office is located in Sofia on its owned 87,000 square metres site.
www.bpdplc.com
ECM Group (ECM CP)
ECM Real Estate Investments A.G. is a real estate developer, which has been listed on the Prague Stock Exchange since December 2006. The Company is operating in the Czech Republic and Russia, while considering further expansion into other CEE, SEE and CIS markets like Poland, Romania and Ukraine. The Company’s field of business is first of all commercial properties, then hotel as well as residential properties. ECM has currently over 20 projects in the pipeline of approx. 300,000 sqm and plans to increase portfolio value to more than EUR 1bn. In addition to development business, the company is opportunistically looking at the China real estate market to acquire standing properties via JVs.
www.ecm.cz
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Engel East Europe (EEE LN)
Engel East Europe is an international residential property developer incorporated in the Netherlands. The Company operates in Central and Eastern Europe and has various developments in Hungary, the Czech Republic, Poland, Bulgaria, Romania and Serbia, as well as operations in Germany and Canada. It is currently in negotiations to purchase land for the development of additional projects throughout the CEE Region.
www.engel-ee.com
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Equest Balkan (EBP LN)
Equest Balkan is an AIM listed fund. Its focus is buying commercial real estate assets in South Eastern Europe and it has already invested in Bulgaria, Romania and Serbia.
Its focus is primarily on the property markets in Bulgaria and Romania, while its secondary focus is on the property markets in Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia and Montenegro, and Turkey. It plans to initially invest in commercial property located mainly in or around Sofia, Bucharest and other major cities in southeast Europe. Equest Capital Management Limited is the Company’s investment manager. In October 2006, the Company acquired a 40% equity interest in Glorient Investment BV, a property investment company specializing in the ownership and management of retail warehouse assets in Bulgaria.
www.equestbalkan.com
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Fabian Romania Property Fund (FAB LN)
Fabian Romania Property Fund Limited is established to take advantage of opportunities across all the main sub-sectors of Romania’s property market through investment in either income-producing buildings or suitable development projects. In June 2007, the Company announced that it has purchased 50% of a development company owning a 1.1-hectare site in north Timisoara. The land area totals approximately 11,000 square meters, and has urban zoning approval to build over 250 apartments (subject to building permits) comprising over 30,000 square meters of residential development space.
www.fabianromania.com
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Georgian Reconstruction and Development Company (PRIVATE)
GRDC is Georgia’s leading property developer, with a portfolio currently comprising 18 sites with development potential in excess of one million square metres across residential, commercial and leisure sectors. The international team of property professionals includes a full range of capabilities to bring the projects to fruition, including in-house architects and project managers as well as international partners. The management is closely linked to leading regional banks and has a thirteen-year history of successful business in Georgia where it has attracted investment from leading global financial institutions. Other Central European-based developers operate to a limited extent in Georgia although, in addition to its existing portfolio, GRDC is strongly placed to secure and deliver a continuing flow of opportunities.
www.grdc.ge and www.greenbuilding.ge
Globe Trade Centre (GTC PW)
Globe Trade Centre (GTC) is a leading developer in Central and Eastern Europe. It develops commercial as well as residential real estate projects in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria and Ukraine. GTC has so far completed 189,000 sqm of net commercial space and holds an impressive portfolio of land which will be developed into 450,000 sqm of residential space and more than 1,000,000 sqm of commercial space. GTC focuses mainly on large projects in order to benefit from economies of scale and efficient use of resources.
www.gtc.com
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Illyrian Land Fund (PRIVATE)
EMAC, the investment adviser to Illyrian Land Funds, is an alternative asset management group focusing on the transition markets of Eastern Europe and Transcaucasia. Founded and staffed by regional, investment banking and commercial specialists, EMAC offers a combination of in-depth market understanding, regional transaction experience and an unrivalled network of contacts.
EMAC currently has two funds dedicated to real estate focusing on land banking opportunities and has assets under management of c. €140m. The first fund, Illyrian Land Fund was raised in 2005 and became fully invested within 12 months of launch. We are currently fundraising for Illyrian Land Fund 2.
Impact (IMP RO)
Impact is the only Romanian developer listed on the Bucharest Stock Exchange. The company holds over 380ha of land bank for its projects in the various regions of Romania including pre-agreements. Impact is currently predominantly a residential developer, however its ambitious project pipeline spreads from residential through office, retail to logistics properties. Impact’s projects are located in Bucharest, Cluj-Napoca, Ploiesti, Oradea and Constanta and market share on Romanian residential market reached 4.7% in 2006. The company plans to deliver over 9,000 residential units through 2015 and some 700,000 sqm of various commercial space.
www.impactsa.ro
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King Sturge (PRIVATE)
King Sturge is one of the largest privately owned international commercial and residential property consultancies in Europe, with a network of over 100 wholly owned and associated offices in the UK, mainland Europe, North America and Asia Pacific. Over 3,800 staff worldwide offer advice on commercial real estate, residential property and plant & machinery. In 2000, King Sturge opened an office in Poland, where it is now a leading supplier of property and related services in the industrial, office and retail sectors.
www.kingsturge.com.plDownload presentation slides (10 MB)
Lewis Charles Romania Property Fund (LCSR LN)
The Lewis Charles Romania Property Fund listed on AIM in August 2007. The Fund’s objective is to generate capital gains by investing in both residential and commercial property in Romania primarily, although not exclusively, in and around the major conurbations. The Fund’s initial investments are a retail project in Ploesti and a residential development in Mogosoaia, a suburb of Bucharest. The Fund aims to work in partnership with selected developers from an early stage of its projects.
www.romaniapropertyfund.com
Lewis Charles Sofia Property Fund (LCSS LN)
The Lewis Charles Sofia Property Fund listed on AIM in September 2005. The Fund’s aim is to generate capital gains by investing in residential property in Bulgaria, ideally at an early stage, and to work in partnership with selected developers. The Fund is now effectively fully-invested in a portfolio of property which ranges from unregulated land to development in progress in Sofia, Plovdiv, Veliko Tarnovo, and the Bansko and Borovets areas.
www.sofiapropertyfund.com
Nanette Real Estate (NAT LN)
Nanette Real Estate Group N.V. is a residential developer with over 16,000 units across the CEE. The Company operates in Poland, Hungary, Romania and Croatia. The financial methodology is to enter into joint ventures with funding partners. The predominant partner is currently Lehman Brothers. Nanette undertakes the sourcing of the land, usually assisting the vendor to achieve planning permission. It then manages the contractors it selects for the physical construction and coordinates the sales and marketing.
nanettegroup.com
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Orco Property Group (ORC FP / ORCO CP)
Orco Property Group is a major developer of residential, office and lately logistic projects throughout the Central and Eastern Europe, Russia as well as Germany. Going forward, Orco’s residential pipeline includes more than 7,000 apartments not only in Prague and Czech regional cities but also in Poland and Slovakia. The company is a leader in the development of apartments for the mid and higher range income levels. Besides classic development business, Orco acts also as a property manager with its endurance funds in residential, hospitality as well as office segment.
www.orcogroup.com
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Pactolus Hungarian Property (PHU LN)
Pactolus Hungarian Property Plc is an AIM listed property company whose principal activity is investment in the Hungarian property market, focusing on the residential freehold market in the more affluent districts of Budapest.
Pactolus invests in high value freehold property in central Budapest, which is renovated to a high standard and then either let to tenants with good covenants at attractive yields or sold. On letting, the Group is achieving average gross rental yields of 8.5 per cent.
The Group recently announced a net asset value per share (before deferred taxation) of 71p compared with its placing price of 60p, representing a compound annualised growth rate of 31.9 per cent from the net asset value per share on its Admission to AIM in March 2007.
www.pactolus.co.uk
Plaza Centers (PLAZ LN)
Plaza Centers N.V. is a developer of shopping and entertainment centers in Central and Eastern Europe and India. It focuses on constructing centers, and where there are redevelopment potential, redeveloping existing centers in both capital cities and regional centers. Plaza Centers N.V. is an indirect subsidiary of Elbit Medical Imaging Ltd. (EMIL), an Israeli company. Plaza is in the process of developing 10 shopping and entertainment center projects, which are under various stages of development. In February 2007, the Company, through its two wholly owned subsidiaries, acquired two joint venture projects in India. It acquired a 50% stake in an Indian company, which owns the freehold of approximately 14 acres of land situated in the Kharadi district of Pune, Maharashtra State, India. In a second transaction, Plaza has acquired a 100% shareholding from its controlling shareholder, EMIL, of a subsidiary company, which holds a 50% interest in another Indian private company.
www.plazacenters.com
Polnord (PLN PW)
POLNORD S.A. is engaged in building engineering. The company provides construction, installation, renovation and start-up services for works in the energy sector, industry and environmental protection. In addition, it deals with realizing specialty installation and renovation works on turbines and rotating equipment in power plants and industry; completing deliveries of machinery, construction and technological installations; realization of hydrotechnical, engineering, road and bridge works; the design, production and assembly of aluminum glass facades and aluminum and polyvinyl chloride (PVC) millwork; the realization of steel structures, tanks, pipelines and others; the manufacture of prefabricated and reinforced concrete products; housing, and the provision of construction services abroad. It is headquartered in Gdansk, Poland.
www.polnord.pl
Sparkassen Immobilien (SPI AV)
Sparkassen Immobilien is an Austrian real estate company. The Company’s activities are based around its real estate portfolio, which is comprised of residential, office, retail, hotel and industrial buildings in Austria, Germany as well as in key areas of Central and Eastern European cities: Prague, Bratislava, Budapest, Bucharest, Zagreb and Sofia. The Company's portfolio consists of more than 100 properties with total space exceeding 1,100,000 square meters. Sparkassen Immobilien is more and more involved in development business as the scarcity of quality properties hamper growth of its portfolio.
www.sparkassenimmobilienag.at
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Warimpex (WXF AV)
Warimpex Finanz-und Beteiligungs AG is a real estate development and investment company with special focus on hotel properties in Central and Eastern Europe. The Company develops and invests in projects in the Czech Republic, Poland and Hungary, with a strategy to expand further in other CEE countries. In addition to hotel properties, the Company also develops real estate projects such as office buildings or shopping centers. The range of services and activities offered includes project planning and preliminary marketing, authorization procedures, advice on financing, project realization, asset and operating management, and company law. Warimpex is headquartered in Vienna, Austria.
www.warimpex.com
Yapi Kredi Koray (YKGYO TI)
Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi A.S. (Yapi Kredi Koray) is a Turkish investment company. Its main activities include real estate portfolio and asset management. The Company is also involved in project development activities within the sector. During the fiscal year ended 31 December 2006, Yapi Kredi Koray completed two of its residential projects in Istanbul, and had three ongoing residential projects as well as a shopping center project in Istanbul, Ankara and Eskisehir. The Company’s new projects include two residential projects in Bahcesehir, a residential complex with a shopping center in Ankara and a culture and art house in Istanbul.
www.yapikredikoray.com.tr
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