Six German Retail Properties - the Louis Group International ...

finances
Acquisition Costs
The approximate acquisition costs are as follows:
Purchase Price - Radolfzell € €4,683,258
- Loerrach € €4,072,818
- Stockach € €5,705,243
- Braunfels € €2,057,387
- Ellwangen € €4,600,000
- Berlin € €3,050,000
Property Transfer Tax € €805,000
Louis Group Project Fee € €360,000
Third Party Agent Fee € €300,000
Equity Introducers Fee € €180,000
Valuation Fee € €85,000
Environmental Study € €50,000
Bank Finance Fee € €155,000
Tax Opinion Fee € €20,000
Attorney Fees € €250,000
Notary Fees € €120,000
Bank Legals €95,000
Company Reg. Fees € €15,000
VAT Reg. Fees € €25,000
Miscellaneous Fees € €60,000
Approx. Acquisition Fees €26,688,706
The aforementioned costs are approximates only and may vary.
The amounts exclude VAT at 19%.
Capitalization
The capitalization requirements of the company are:
Acquisition Costs 26,700,000
Float 600,000
Total €27,300,000
The company is to be capitalized as follows:
Shareholders Loans 7,900,000
Bank Finance 19,400,000
Total €27,300,000
General Fees
Louis Group (IOM) Ltd or the duly appointed nominees
of Louis Group International Holdings Ltd ("LG") have
been selected as the property managing agents and the
corporate service providers for the duration of the
investment period.
LG's fee from time to time for providing corporate services
is posted on www.lgtrustees.com
LG's project management fee is 1.50% of the property
purchase price.
LG's fee for managing the property is 5% of funds collected
in rents and other recoveries.
properties germany
LG's fee for negotiating the sale of any one or more of
the properties in the portfolio will be the greater of 2%
of the selling price or the performance fee (as detailed
below). If a performance fee is charged then no sale fee
will be levied.
LG also reserves the right to charge a fee for new leases
concluded, lease renewals or negotiating rental reviews.
These fees will not exceed the market related fees for
these services.
Performance Fees
Where the fund's annualized performance is in excess of
an established benchmark return, LG may levy an
annualised performance fee against the investor's return
(Internal Rate of Return), based on the out-performance
of the fund. The set benchmark return in this case is
10% per annum and the performance fee would be
calculated as follows:
IRR Performance fee
0 - 9.9% No fee levied
10% + 20% of the out-performance will be levied
The performance fee will be calculated over the holding
period of the investment since commencement.
In the event of out-performance, the decision to levy a
performance fee will remain at the discretion of LG.
LG may choose to waive certain fees in the event that the
property does not perform to certain levels.
In all cases these fees exclude VAT, disbursements and
third party fees.
Issued Shares
790 shares will be issued at €10,000 per share, structured
as described herein.
Private Placement Memorandum Six German Retail Properties
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