LCP Proudreed PLC - Irish Stock Exchange

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7. Property Size The figures cited as percentages in the following table are rounded either up or down as relevant to the nearest tenth of a decimal. As a result, the total may not equal 100 per cent. From sq ft To sq ft Number of Properties Aggregate Property Value (GBP) % by Aggregate Property Value Lettable Area (aggregate sq ft) Passing Rent (GBP per sq ft) Passing Rent (GBP) Total Vacant Area (sq ft) 1 25,000 57 74,520,000 19.0% 578,689 8.4 4,884,281 1,275 25,001 50,000 23 84,280,000 21.5% 827,607 6.9 5,697,610 3,184 50,001 100,000 19 86,880,000 22.2% 1,315,638 4.6 6,069,316 25,379 100,001 750,000 11 145,840,000 37.2% 1,917,348 6.3 12,114,806 62,808 Total 110 391,520,000 100.0% 4,639,282 6.2 28,766,013 92,646 8. Sectoral Weightings: (Industrial Warehouse, Retail, Office, etc) The figures cited as percentages in the following table are rounded either up or down as relevant to the nearest tenth of a decimal. As a result, the total may not equal 100 per cent. Sector Number of Properties Aggregate Property Value (GBP) % by Aggregate Property Value Lettable Area (aggregate sq ft) Passing Rent (GBP per sq ft) Passing Rent (GBP) Total Vacant Area (sq ft) Warehouse/ Distribution 9 20,725,000 5.3% 476,357 3.6 1,701,475 154 Offices 0 — 0.0% — 0.0 — — Retail 71 258,255,000 66.0% 1,725,754 10.5 18,079,317 25,201 Industrial/ Warehouse 24 97,755,000 25.0% 2,167,885 3.7 7,939,041 48,925 Industrial 6 14,785,000 3.8% 269,286 3.9 1,046,180 18,366 Total 110 391,520,000 100% 4,639,282 6.2 28,766,013 92,646 23
<strong>Proudreed</strong> Real Estate 1. Summary description of the Property Portfolio Property Name Property Address Type Region Brighton Hill Shopping Centre Alperton House, Wembley Riverside Industrial Estate Longshot Lane Industrial Estate Passing Rent (GBP) ERV (GBP) Market Value (GBP) Area (sq ft) Occupancy Brighton Way Retail Southeast 1,686,870 1,967,620 33,460,000 105,828 100.0% England Bridgewater Road Office London 965,516 1,254,961 13,000,000 82,554 81.4% Riverside Way Longshot Lane Industrial/ Warehouse Industrial/ Warehouse Southeast England Southeast England 431,706 461,573 6,270,000 81,953 94.0% 427,875 448,294 5,910,000 60,132 100.0% Waun-Y-Pound Ebbw Vale Industrial Wales 397,668 397,724 4,640,000 189,013 100.0% Acorn House, Flackwell heath Retail Southeast 133,166 137,060 1,690,000 8,157 100.0% Flackwell Heath England 5 Dolphin Park Sittingbourne Warehouse/ Distribution Southeast England 120,000 120,456 1,340,000 30,114 100.0% Deacon Trading Estate Knight Road, Strood Industrial/ Warehouse Southeast England 87,172 83,431 1,150,000 14,056 100.0% 22/27A The Green Stubbington Retail Southeast 106,250 124,300 1,075,000 13,655 100.0% England Total 4,356,223 4,995,419 68,535,000 585,462 95.3% 2. Details of Top 5 Secured Properties (by Passing Rent) Property Number 1 Property Name Brighton Hill Shopping Centre Property Type Retail Region Southeast England Year Built 1980s/2003 Year Refurbished N/A Total Area (sq ft) 105,828 Occupancy Rate (%) 100% Market Value (GBP) 33,460,000 Vacant Possession Value (GBP) 25,400,000 Passing Rent (GBP) 1,686,870 ERV (GBP) 1,967,620 Number of Units 16 Number of Tenants 16 Property Tenure Freehold Ground Rent (GBP) N/A Initial Yield (%) 4.77 Reversionary Yield (%) 5.56 Net Equivalent Yield (%) 5.25 (Asda)/6.50 (Retail Units) 24
Page 1: LCP Proudreed PLC incorporated with
Page 4 and 5: The Issuer accepts responsibility f
Page 6 and 7: CONTENTS SECTION PAGE PRINCIPAL CHA
Page 8 and 9: PRINCIPAL CHARACTERISTICS OF THE CO
Page 10 and 11: Security: Insurance: Valuation: 70
Page 12 and 13: TRANSACTION OVERVIEW The informatio
Page 14 and 15: TRANSACTION PARTIES The Issuer LCP
Page 16 and 17: SPV Management Limited’s appointm
Page 18 and 19: Statistical Analysis Unless stated
Page 20 and 21: Property Name Property Address Type
Page 22 and 23: Property Number 2 Property Name Arc
Page 24 and 25: Property Number 6 Property Name Adw
Page 26 and 27: Property Number 10 Property Name Sh
Page 30 and 31: Property Number 2 Property Name Alp
Page 32 and 33: 3. Tenant Concentration (Top 10 Ten
Page 34 and 35: 8. Sectoral Weightings: (Industrial
Page 36 and 37: Interest Payment Date falling in Fe
Page 38 and 39: RISK FACTORS The following is a sum
Page 40 and 41: available to be applied by the Issu
Page 42 and 43: maturity of the Notes, enforcement
Page 44 and 45: emoval, rebuilding, reinstating and
Page 46 and 47: assurance that a Borrower will exer
Page 48 and 49: which is intended to ensure that th
Page 50 and 51: egulations will not occur in the fu
Page 52 and 53: landlord to forfeit the Headlease i
Page 54 and 55: 3. Legal and regulatory considerati
Page 56 and 57: A company is eligible for a morator
Page 58 and 59: displayed and (c) applicable provis
Page 60 and 61: Withholding tax in respect of the C
Page 62 and 63: SUMMARY OF PRINCIPAL DOCUMENTS Belo
Page 64 and 65: on the two Loan Calculation Dates i
Page 66 and 67: substantially as it has been conduc
Page 68 and 69: A breach of a Financial Covenant ma
Page 70 and 71: • not to carry out and/or agree t
Page 72 and 73: (f) (g) (h) (i) (j) (k) (l) (m) (n)
Page 74 and 75: (vi) in the case of Same-Day Substi
Page 76 and 77: of the Approved Valuer) structural
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(a) a certificate is provided by th
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Floating charges held by the Borrow
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Each Accountholder will pay to each
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(D) details of any steps being take
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(iii) to provide collateral to secu
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in the prepayment of the Commercial
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a view to achieving a reasonable re
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Where amounts are to be provided fo
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(a) first, in or towards satisfacti
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(d) fourth, in or towards satisfact
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5. The Hedging Agreements For a fur
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VALUATION REPORTS London & Cambridg
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4.0 VALUATION ASSUMPTIONS 4.1 SOURC
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APPENDIX 1 Ref No Property Descript
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Ref No Property Description & Tenur
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Page 112 and 113:
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APPENDIX 2 Properties Requiring Mea
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295 SWINTON, Swinton Hall Industria
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issued by the Royal Institution of
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previously seen environmental repor
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APPENDIX 2 Properties Requiring Mea
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Directors and Secretary The directo
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Accountants Report to the Members o
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THE BORROWERS L.C.P. Real Estate Li
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Name Business Address Other Princip
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The accompanying notes are an integ
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Proudreed Real Estate Limited Intro
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Independent Auditors’ Report to t
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5. Reconciliation of Shareholders
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THE HEDGING PROVIDERS AND THE LIQUI
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1. DEFINITIONS AND PRINCIPLES OF CO
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‘‘Definitive Note’’ means i
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(ii) the making of an administratio
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the Issuer Account Bank and Cash Ma
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(ii) in relation to any Definitive
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‘‘Principal Paying Agent’’
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General Interpretation (b) In these
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Form of Definitive Notes (f) Defini
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Default), the Cash Manager shall on
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(ii) (iii) (iv) (v) that such amoun
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Separateness (k) permit or consent
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(i) determine the Rate of Interest
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(iii) (iv) Agreement or such other
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insufficient after payment of all o
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Change in Currency (k) (i) If at an
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11. ENFORCEMENT (a) (b) At any time
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Separate meetings of different Clas
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Removal and Replacement of Note Tru
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Although a Meeting of Noteholders c
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FORM OF THE NOTES General The Notes
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purposes as realising profits, gain
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In addition, until 40 days after th
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(b) the Valuation Reports; (c) the
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(c) in the case of shares, such for
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Class A Notes means the Original Cl
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Environment means all or any of the
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Further Class C Notes has the meani
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(ii) any fees and expenses payable
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Investor Presentation Materials mea
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to prime banks in the London inter-
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provided that, in determining wheth
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Obligor Transaction Documents means
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provided that for each of the follo
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Preliminary Offering Circular means
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Period, the Reference Amount will b
Page 212 and 213:
Tax Deeds of Covenant means the two
Page 215:
Capital Printing Systems (UK) Limit
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