Team - Background to Promoter10Gerry Collopy is a native of Limerick and began his investment career withWoodchester Investment Brokers in 1985. He was Munster Area Manager whenhe left in 1991 to set up the Frontline Financial Group. Based in Mallow Streetin Limerick, this company became one of Limerick’s leading auctioneering andmortgage / insurance brokers. In 1997, Gerry began investing in the Londonproperty market on behalf of Irish clients and from here expanded into theSpanish market in 1999. Frontline Spanish Properties is one of the market leadersin the Costa del Sol and the Costa Blanca where they operate a full - time office.In 2004, Gerry set up <strong>European</strong> <strong>Property</strong> <strong>Investments</strong> with Adrian O’Sullivan toconcentrate on the German property market.John Hickie is a native of Limerick. His background is in financial services havingspent over 20 years with the BOI Group working in the areas of retail banking,asset management and private banking. He left the BOI in 2002 and joined aleading Kerry accountancy practice with a focus on financial services and taxbased property developments. John left in 2005 and was involved in the settingup of the Tralee - based asset management company Premier Asset Management( PAM ). PAM co - promoted the first German property syndicate fund with <strong>EPI</strong> in 2006and since then John has been involved with <strong>EPI</strong> and a leading Irish insurance companyon a pension based German property investment. John is a member of the Institute ofBankers in Ireland and has lectured on its behalf in the area of wealth management.Adrian O’Sullivan is a native of Clonakilty, West Cork and began working withGermany’s largest auctioneering chain DSI Ireland in 1990 and gained experiencein the property market all over Germany. In 1992, Adrian returned to Ireland,and set up Dr. Stange International, Ireland and recruited 30 auctioneering firmsthat operated as part of the chain. During this time, Adrian bought a number oftrophy properties for investors including Garnish Island, Parknasilla, Co. Kerry andCastlehyde House, Mallow, Co. Cork, now home to the dancer Michael Flatley.During this period Adrian, with some German partners, also developed a number ofproperties in the Leipzig area. He also invested in the licensed trade in Germany, TheNetherlands and Ireland. In 2004, Adrian set up <strong>European</strong> <strong>Property</strong> <strong>Investments</strong>.Ronny Meyer is a native of Eichsfeld in the German state of Thuringen, andspent the first ten years of his career in the building industry in Berlin. Shortlyafter the Berlin wall came down, Ronny went out on his own setting up aElectrical / Mechanical company in 1990. Ronny subcontracted for Adrian onbuilding projects around Leipzig in the mid 1990’s. Based in East Thuringen, thecompany acted as general contractor for construction projects all over Germany,including hospitals in Aachen, Leipzig and Jena as well as sport stadiums inCologne and Munich. With his reputation firmly established, Ronny movedinternational and successfully completed major construction projects in Russiaand Greece. Since 2004 he has been working with Adrian and Gerry.
Track Record<strong>EPI</strong> have extensive experience and considerable success in investing in German properties.Some previous investments include:Initial Yield 6.95%PFSG German <strong>Property</strong> Investment ( 2006 / 07 )Apart from taking a 5 % share in the Alexander Platz developmentbelow, this investment acquired an office block in Bavaria,(13 Units, circa 4,000 m ² ) and a large apartment building in the centreof Berlin with 112 apartments and 4 retail units.Total Investment:€ 20.5 millionInvestment Capital:€ 7 millionCombined starting yield: 6.95 %Initial Yield 7.25%Mollstrasse, Berlin ( 2006 / 07 )Situated adjacent to Berlin’s famous Alexander Platz in the city centre,this 20 storey office block, 212 bedroom hotel and medical centre willencompass over 26,000 m ² of rental area. The foundation stone waslaid on the 26th of November 2007 and completion is scheduled formid - 2009.The development opened with a yield of 7.25 %. Current marketconditions are likely to allow a sale at a 6.25 % yield and the targetyield for sale on completion is between 5.5 % and 5.75 %.Total Investment:€ 62 millionInvestment Capital:€ 15.5 millionTotal Investment €180 millionRegnitz Island Bamberg ( 2007 )This exciting development project is situated in the heart of Bambergin the state of Bavaria in Germany. It is the only waterside site left inthis UNESCO World Heritage City.It comprises 85,315 m ² in site area with planning permission in thefinal stages for 76,770 m ² of building area.This includes 45,610 m ² zoned mixed use and 31,160 m ² zonedresidential. Planning permission was granted in January 2008 for 266student apartments. Final planning permits will be issued for the wholesite in May / June, 2008. The development of these student apartmentsis proposed as a joint venture in this Investment.Projected Total Investment: € 180 million11
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