Annual Report - Electra Real Estate Ltd.
Annual Report - Electra Real Estate Ltd.
Annual Report - Electra Real Estate Ltd.
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<strong>Annual</strong> <strong>Report</strong> 2009<br />
August 2011
Company Assets<br />
Asia<br />
India<br />
5 Lands<br />
Harbor<br />
Group<br />
North America<br />
USA Canada<br />
<strong>Electra</strong> <strong>Real</strong> <strong>Estate</strong><br />
Benelux<br />
Swiss<br />
Europe<br />
UK<br />
Germany UK<br />
Hotels<br />
9% of<br />
16 Hilton<br />
Hotels<br />
Israel<br />
Land for<br />
Development<br />
Office<br />
Buildings<br />
10 Assets 13 Assets 10 Assets 5 Assets 48 Assets<br />
3 Assets 4 Assets 5 Assets
Assets in Israel<br />
Land for<br />
Development<br />
Oranim - hotel &<br />
Luxury<br />
Apartments<br />
Tel Aviv<br />
Migdal Harakevet<br />
Tel Aviv<br />
Po;eg<br />
Natania<br />
4 Brener St.<br />
Tel Aviv<br />
50%<br />
50%<br />
50%<br />
50%<br />
Israel<br />
Office<br />
Buildings<br />
Beit Omega<br />
Haifa<br />
Kodak<br />
Petach Tikva<br />
SAP X 2<br />
Ra’anana<br />
ELCO TOWER<br />
Tel Aviv<br />
62%<br />
33%<br />
50%<br />
25%
60%<br />
Assets in Europe<br />
Hilton Atwerp<br />
Belgium<br />
Benelux<br />
Hornbach<br />
Zaandman, NL<br />
Hornbach<br />
Kerkrade, NL<br />
Hornbach<br />
Luxemburg<br />
45%<br />
45%<br />
45%<br />
Wilheminatoren<br />
Rotterdam<br />
11 Regulusweg<br />
Den Haag<br />
Beechavenue<br />
Amsterdam<br />
Boeingavenue<br />
Amsterdam<br />
400 Entrada<br />
Amsterdam<br />
600 Entrada<br />
Amsterdam<br />
70%<br />
70%<br />
70%<br />
70%<br />
70%<br />
70%<br />
Europe<br />
Switzerland<br />
Binzstr 38-44<br />
Zurich, Swiss<br />
SwissCom<br />
Zurich, Swiss<br />
Lowengraben<br />
Luzer, Swiss<br />
Nidaugasse 8<br />
Biel<br />
Mühlebrücke14<br />
Biel<br />
70%<br />
65%<br />
50%<br />
50%<br />
50%<br />
9%<br />
United Kingdom<br />
16 Hilton<br />
Hotels<br />
Government<br />
Worthing<br />
Lloyds<br />
Crawley<br />
Government<br />
Maidstone<br />
100%<br />
100%<br />
100%
Assets in Europe<br />
70%<br />
70%<br />
70%<br />
70%<br />
70%<br />
70%<br />
70%<br />
D. Telekom<br />
Saarbrucken<br />
D. Telekom<br />
Saarbrucken<br />
ARVENA Hotel<br />
Nürnberg<br />
Lise-Meitner<br />
Berlin<br />
Rosenheimer<br />
Munich<br />
Kleppingstr<br />
Dortmund<br />
Mailaender<br />
Hannover<br />
Lucent<br />
Nürnberg<br />
AOK<br />
Schwerin<br />
B.M.W<br />
Munich<br />
D. Post<br />
Frankfurt<br />
Selgros<br />
Berlin<br />
100%<br />
100%<br />
50%<br />
50%<br />
85%<br />
Hornbach<br />
Berlin<br />
Hornbach<br />
Berlin<br />
Hornbach<br />
Nürnberg<br />
Hornbach<br />
Munich<br />
Technologie<br />
Park<br />
Köln<br />
Köln<br />
Portfolio<br />
X17<br />
Europe<br />
Germany<br />
45%<br />
45%<br />
45%<br />
45%<br />
42.5%<br />
70%<br />
Wöhrl<br />
Nürnberg<br />
AXA<br />
Hamburg<br />
Dell<br />
Halle<br />
E&Y<br />
Eschborn<br />
Dresdner Bank<br />
Frankfurt<br />
Saturn<br />
Frankfurt<br />
75%<br />
70%<br />
70%<br />
70%<br />
60%<br />
60%<br />
UBS<br />
Düsseldorf<br />
UBS<br />
Düsseldorf<br />
ALDI<br />
Bad Homburg<br />
38 Lyoner St.<br />
Frankfurt<br />
38a Lyoner St.<br />
Frankfurt<br />
40 Loyner St.<br />
Frankfurt<br />
50%<br />
50%<br />
50%<br />
50%<br />
50%<br />
50%
Assets in North America<br />
20%<br />
Harbor<br />
Group<br />
International,<br />
LLC<br />
U.S.A<br />
300 S. Wacker<br />
47%<br />
Chicago<br />
111 Washington<br />
Chicago<br />
2 N. Lassale<br />
Chicago<br />
Town Point<br />
Norfolk<br />
World Trade<br />
Norfolk<br />
60%<br />
49%<br />
49%<br />
BP Tower<br />
Cleveland<br />
Deloitte<br />
St. Louis<br />
Hurt<br />
Atlanta<br />
E. ON<br />
Louisville<br />
49% Century<br />
NYC<br />
North America<br />
45%<br />
49%<br />
40%<br />
47%<br />
60%<br />
Toronto<br />
Gateway 1<br />
Toronto<br />
Gateway 2<br />
Toronto<br />
90 Sheppard<br />
Toronto<br />
MTS<br />
Winnipeg<br />
91%<br />
91%<br />
55%<br />
75%<br />
Canada<br />
90%<br />
90%<br />
90%<br />
92%<br />
1010 deSérigny<br />
Montreal<br />
25 Lafayette<br />
Montreal<br />
1000 deSérigny<br />
Montreal<br />
9600 Meir.<br />
Montreal<br />
Montreal<br />
600 Rene<br />
Montreal<br />
1425 Rene<br />
Montreal<br />
1155 Univ.<br />
Montreal<br />
215 Redfern<br />
Montreal<br />
4150 Cather<br />
Montreal<br />
90%<br />
90%<br />
90%<br />
90%<br />
90%
Assets in Israel<br />
Ownership: 62%<br />
Area:<br />
, 14000<br />
SQM<br />
Occupancy: 100%<br />
Tenants:<br />
Qualcomm<br />
Netvision<br />
Ownership: 33%<br />
Area:<br />
26,000 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
Kodak<br />
Omega House, Haifa<br />
Kodak House, Petach Tikva<br />
Ownership: 50%<br />
Area:<br />
33,500 SQM<br />
Project in process<br />
230 Room Hotels<br />
rent to Isrotel<br />
For 15 years.<br />
+46 Luxury appt.<br />
www.seaone.co.il<br />
Seaone Project, Tel Aviv Sea side
Assets in Israel<br />
Ownership:<br />
50%<br />
20,200 SQM<br />
23 Office<br />
Stories<br />
Project<br />
towards<br />
Establishment<br />
Ownership:<br />
25%<br />
60,000 SQM<br />
44 Office<br />
Stories<br />
Occupancy:<br />
84%<br />
Tenants:<br />
Various<br />
Haracevet Tower, Tel Aviv ELECTRA Tower, Tel Aviv
Assets in The UK<br />
Central House, Crawley<br />
Priory Gate 2a, Maidstone<br />
Ownership:<br />
100%<br />
Area:<br />
855 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Lloyds Bank<br />
Until 2015<br />
Ownership:<br />
100%<br />
Area:<br />
1,540 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
British<br />
Government<br />
Until 2016<br />
4-5 Buckingham Gate, London<br />
Westmoreland House, Worthing<br />
Ownership: 75%<br />
Area:<br />
2,400 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
British<br />
Government<br />
Until 2020<br />
Ownership:<br />
100%<br />
Area:<br />
2,775 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
British<br />
Government<br />
Until 2014
Assets in The UK<br />
Hilton UK– 16 Hotels<br />
Total Acquisition Price – 417 m GBP (ERE Share – 10% )<br />
Management Agreement with Hilton for 30 Years.<br />
Total of 3,124 Hotel Rooms
Assets in Canada<br />
Ownership: 90%<br />
Area:<br />
10,300 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
Canada<br />
Government<br />
Ownership: 90%<br />
Area:<br />
16,900SQM<br />
Occupancy: 86%<br />
Tenants:<br />
Various<br />
600 Rene Levesque st. Montreal<br />
1425 Rene Levesque st. Montreal<br />
Ownership:<br />
90%<br />
Area:<br />
18,110 SQM<br />
Occupancy:<br />
99%<br />
Tenants:<br />
Various<br />
1155 University st. Montreal
Assets in Canada<br />
Ownership: 91.8%<br />
Area:<br />
60,250 SQM<br />
Occupancy: 90%<br />
Tenants:<br />
Various<br />
Ownership: 100%<br />
Area:<br />
20,900 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
Molson Beer<br />
Company<br />
Until 2022<br />
9600 Meilleur st. Montreal<br />
Ownership: 90%<br />
Area:<br />
9,460SQM<br />
Occupancy: 82%<br />
Tenants:<br />
Various<br />
Ownership: 90%<br />
Area:<br />
12,800 SQM<br />
Occupancy: 80%<br />
Tenants:<br />
BDO & others<br />
215 Redfern st. Montreal<br />
1900 Dickson st. Montreal 4150 Saint Catherine st. Montreal
Assets in Canada<br />
METRO LONGUEUIL<br />
Montreal<br />
Ownership:<br />
90%<br />
Area:<br />
28,800 SQM<br />
Occupancy:<br />
88%<br />
Tenants:<br />
Various
Assets in Canada<br />
Ownership: 55%<br />
Area:<br />
24,600 SQM<br />
Occupancy: 99%<br />
Tenants:<br />
Canada<br />
Government. ,<br />
Heinz, Shell +<br />
Ownership: 91%<br />
Area:<br />
21,865 SQM<br />
Occupancy: 88%<br />
Tenants:<br />
Various<br />
90 Sheppard, Toronto<br />
Gateway Center 1&2 Toronto<br />
Ownership:<br />
100%<br />
Area:<br />
33,550 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Zurich Insurance<br />
(32%) until 2014<br />
The Government<br />
Of Province of<br />
Ontario (50%)<br />
until 2015<br />
400 University st. - Zurich Building - Toronto
Assets in Canada<br />
Ownership:<br />
60%<br />
Area:<br />
55,500 SQM<br />
Occupancy:<br />
96%<br />
Tenants:<br />
Government<br />
CN Railway<br />
E&Y<br />
Deloitte<br />
Winnipeg Gateway Square, Center 1&2 Winnipeg Toronto<br />
Ownership:<br />
75%<br />
Area:<br />
25,700 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
MTS Allstream<br />
Until 2021<br />
MTS Building, Winnipeg
Assets in USA<br />
Ownership:<br />
45%<br />
Area:<br />
118,000 SQM<br />
Occupancy: 84%<br />
Tenants:<br />
Huntington<br />
Bank , PWC,<br />
MCKINSEY,<br />
National City<br />
Bank & others<br />
200 Public Square, Cleveland<br />
Ownership: 60%<br />
Area:<br />
12,200 SQM<br />
Condominium<br />
conversion and<br />
sale of apartments<br />
In progress<br />
Until Oct. 2010<br />
124 Apartments<br />
Sold<br />
Century Tower – 1st AV. - 90 st. NYC
Ownership: 47%<br />
Area:<br />
26,750 SQM<br />
Occupancy:<br />
90%<br />
Tenants:<br />
E.ON Energy<br />
Until 2015<br />
& others<br />
Assets in USA<br />
E.ON Center Louisville, Kentucky<br />
Ownership: 40%<br />
Area:<br />
40,800 SQM<br />
Occupancy:<br />
70%<br />
Tenants:<br />
Suntrust<br />
& others<br />
Hurt Building, Atlanta
Assets in USA<br />
Ownership:<br />
49%<br />
Occupancy:<br />
95%<br />
Area:<br />
66,200 SQM<br />
Tenants:<br />
Neal, Gerber &<br />
Eisenberg LLP,<br />
Computershare<br />
Hartford Fire<br />
Insurance Co.<br />
Harris<br />
Associates<br />
2 North LaSalle, Chicago<br />
Ownership:<br />
49%<br />
Occupancy:<br />
91%<br />
Area:<br />
23,100 SQM<br />
Tenants:<br />
Deloitte<br />
Accountant<br />
until 2016 &<br />
others<br />
Deloitte Building, Saint Louis
Ownership: 47%<br />
Area:<br />
47,600 SQM<br />
Occupancy:<br />
88%<br />
Tenants:<br />
Various<br />
Assets in USA<br />
300 S. Wacker, Chicago<br />
Ownership: 60%<br />
Area:<br />
53,800 SQM<br />
Occupancy:<br />
86%<br />
Tenants:<br />
Various<br />
111 West Washington, Chicago
Assets in USA<br />
Tenants :<br />
NY Times<br />
Wachovia Bank<br />
Ownership:<br />
49%<br />
Area:<br />
34,000 SQM<br />
Occupancy:<br />
89%<br />
World Trade Center, Norfolk Town Point Center, Norfolk<br />
Ownership:<br />
49%<br />
Area:<br />
12,200 SQM<br />
Occupancy:<br />
85%<br />
Tenants:<br />
Monarch<br />
Bank<br />
MCI
Harbor Group Deal<br />
•Acquisition 20% of HGI which<br />
acquires, manages and sells real<br />
estate, primarily in the USA<br />
•Total Portfolio Value: 2 Billion USD<br />
•Total Office Area under Management:<br />
6.5M sqf.<br />
•Total Apartments under Management:<br />
12,000
Assets in Europe<br />
Ownership: 75%<br />
Area: 25,000 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
Wöhrl Fashion<br />
Headquarters<br />
Until 2022<br />
Ownership: 70%<br />
Area: 29,200 SQM<br />
Occupancy: 84%<br />
Tenants:<br />
AXA Insurance, Mercedes-Benz<br />
Kabel Deutschland<br />
Wöhrl, Nürnberg<br />
AXA Building, Hamburg
Assets in Europe<br />
38a Lyoner st., Frankfurt<br />
38 Lyoner st., Frankfurt<br />
3 Assets – Frankfurt- Niederrad<br />
Ownership: 50%<br />
Area: 16,700 SQM<br />
Occupancy: 68%<br />
Tenants:<br />
Stiegenberger Hotels,<br />
Oyak Anker Bank,<br />
German Government (until 2016 )<br />
40 Lyoner st., Frankfurt
Assets in Europe<br />
Ownership: 50%<br />
Area:<br />
3,650 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
UBS Bank &<br />
Others<br />
Ownership: 50%<br />
Area:<br />
6,500 SQM<br />
Occupancy:<br />
82%<br />
Tenants:<br />
REWE & ALDI<br />
12 Homberger st., Düsseldorf<br />
REWE & ALDI, Kellkhaim<br />
Ownership: 50%<br />
Area:<br />
1,000 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
UBS Bank<br />
Ownership: 70%<br />
Area:<br />
11,800 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Dell until 2016<br />
11 Cecilienallee st., Düsseldorf<br />
Dell Center, Halle
Assets in Europe<br />
DIY – 7 Hornbach Assets<br />
Ownership: 45%<br />
Area: 104,700 SQM<br />
Occupancy: 100%<br />
Details:<br />
3 assets in Berlin Germany<br />
1 asset in Munich Germany<br />
1 asset in Luxemburg<br />
2 asset in Netherland<br />
15 year lease (2022-2024)
Assets in Europe<br />
Ownership: 60%<br />
Area:<br />
15,350 SQM<br />
+ 62 Apartments<br />
Occupancy:<br />
99%<br />
Tenants:<br />
Saturn<br />
Until 2013<br />
Ownership: 100%<br />
Area:<br />
14,200 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
AOK Until 2022<br />
Saturn, Frankfurt<br />
Saturn Frankfurt<br />
AOK, Schwerin<br />
Ownership: 70%<br />
Area:<br />
18,400 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
ERNST & YOUNG<br />
Until 2015<br />
E & Y Eschborn, Frankfurt
Assets in Europe<br />
Ownership: 100%<br />
Area: 47,200 SQM<br />
Occupancy: 100%<br />
Tenants: Lucent<br />
until 2014<br />
P<br />
Alcatel – Lucent, Nürnberg<br />
1400 Parking
Assets in Europe<br />
Ownership:<br />
70%<br />
Area:67,700 SQM<br />
+125 Hotel Room in<br />
Nurnberg<br />
Deutsche Telekom, Saarbrucken
Assets in Europe<br />
TechnologiePark, Köln<br />
Ownership:<br />
42.5%<br />
Area:<br />
72,000 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Various<br />
The Project<br />
Contains 15<br />
Buildings in a 127<br />
Dunham.
Assets in Europe<br />
Dresdner Bank Building, Frankfurt<br />
Ownership:<br />
60%<br />
Area:<br />
33,750 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Dresdner Bank<br />
Until 2013
Assets in Europe<br />
B.M.W, Munich & Leipzig<br />
Ownership:<br />
50%<br />
Area:<br />
47,250 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
B.M.W<br />
Until 2033
Assets in Europe<br />
Widdersdorfer Str. 2, Köln<br />
Widdersdorfer Str. 399-403, Köln<br />
Stolberger Str. 200, Köln Stolberger Str. 307-311, Köln<br />
Stolberger Str. 374, Köln<br />
Eupener Str. 135-139, Köln<br />
17 Assets : Koln Portfolio<br />
Ownership: 70%<br />
Area: 122,100 SQM<br />
Parking area: 2,100<br />
Occupancy: 100%<br />
Until 2012<br />
Stolberger Str. 313, Köln
Assets in Europe<br />
Eupener Str. 157, Köln<br />
Eupener Str. 161a, Köln<br />
Eupener Str. 159, Köln<br />
Eupener Str. 146-148, Köln<br />
Eupener Str. 161, Köln<br />
Eupener Str. 150-152, Köln<br />
Girlitzweg, Köln Bunzlauer Str. 1-3, Köln<br />
Stolberger Str. 370, Köln
Assets in Europe<br />
Lise-Meitner , Berlin<br />
Kleppingstr. 21-23, Dortmund<br />
Ownership:<br />
70%<br />
Area:<br />
14,500 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
PWC<br />
Until 2015<br />
Ownership:<br />
70%<br />
Area:<br />
4,500 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Various<br />
Rosenheimerstr 143, Munich<br />
Mailaender Str.2, Hannover<br />
Ownership:<br />
70%<br />
Area:<br />
19,500 SQM<br />
Ownership:<br />
70%<br />
Area:<br />
17,750 SQM<br />
Occupancy:<br />
94%<br />
Tenants:<br />
Various
Assets in Europe<br />
Ownership:<br />
70%<br />
Area:<br />
12,900 SQM<br />
11 Regulusweg, Den Haag Wilhelminatoren, Rotterdam<br />
Ownership:<br />
70%<br />
Area:<br />
16,400 SQM<br />
Occupancy:<br />
97%<br />
Tenants:<br />
Various
Assets in Europe<br />
25-43 Beechavenue., Amsterdam 333-349 Boeingavenue., Amsterdam<br />
Entrada 600, Amsterdam<br />
Ownership:<br />
70%<br />
Area:<br />
5,400 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Kyocera<br />
Ownership:<br />
70%<br />
Area:<br />
3,900 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Various<br />
Entrada 400, Amsterdam<br />
Ownership:<br />
70%<br />
Area:<br />
5,500 SQM<br />
Occupancy:<br />
30%<br />
Tenants:<br />
Various<br />
Ownership:<br />
70%<br />
Area:<br />
3,500 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Government
Assets in Europe<br />
Ownership:<br />
50%<br />
Area:<br />
2,630 SQM<br />
Occupancy:<br />
100%<br />
Tenants:<br />
Various<br />
Ownership:<br />
50%<br />
Area:<br />
4,000 SQM<br />
Occupancy:<br />
70%<br />
Tenants:<br />
Various<br />
Mühlebrücke 14, Biel<br />
Ownership:<br />
70%<br />
Ownership:<br />
Binzstrasse 38-44, Zurich<br />
Nidaugasse 8, Biel Löwengraben 14, Luzern<br />
Area:<br />
13,000 SQM<br />
Occupancy:<br />
71%<br />
Tenants:<br />
Various<br />
50%<br />
Area:<br />
3,400 SQM<br />
Occupancy:<br />
91%<br />
Tenants:<br />
Various
Assets in Europe<br />
Ownership: 65%<br />
Area:<br />
30,800 SQM<br />
Occupancy: 100%<br />
Tenants:<br />
Swisscom<br />
until 2026<br />
SwissCom Aargauer st., Zurich
Assets in Europe<br />
Hilton Antwerp, Belgium<br />
Ownership:<br />
60%<br />
211 Rooms<br />
Business Center<br />
Restaurants<br />
Term with Hilton<br />
Until 2029
India<br />
Total Projects:<br />
1.2<br />
Billions$<br />
Hyderabad APPA<br />
Ownership: 42.5%<br />
Area: 102 Dunam<br />
Area for develop: 312,000 SQM<br />
Total apartments Units: 2,300<br />
Total expected sale: 300 M$<br />
Hyderabad - APPA<br />
Hyderabad APPA<br />
Ownership: 42.5%<br />
Area: 102 Dunam<br />
Area for develop: 312,000 SQM<br />
Total apartments Units: 2,300<br />
Total expected sale: 300 M$<br />
Hyderabad Manidpally<br />
Ownership: 42.5%<br />
Area: 132 Dunam<br />
Area for develop: 270,000 SQM<br />
Total expected sale: 300 M$<br />
Mysore<br />
Ownership: 42.5%<br />
Area: 39 Dunam<br />
Area for develop: 59,000 SQM<br />
Total apartments Units: 390<br />
Total expected sale: 60 M$
Leading Tenants<br />
UK Government
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