EPI 4 Investor plc - European Property Investments

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5.3 Bamberg - Student Apartments / RetailOverviewThis exciting development projectis situated in the heart of Bamberg,Bavaria, Germany. It is the onlywaterside site left in this UNESCOWorld Heritage City. The sitecomprises 85,315 m ² in an area withplanning permission in the finalstages for 76,770 m ² of building area.This includes 45,610 m ² zoned mixeduse and 31,160 m ² zoned residential.The site is currently owned by anEPI associated partnership calledERBA Verwaltungs GbR. It is intendedthat a German GmbH will be formedwhich would then partner with theEPI principals to develop and sellthe apartments. It is intended thatthe Company will provide arm’slength mezzanine finance to theGerman GmbH for the purposes ofthis development which will provideinvestors with a return on intereston the borrowings. Circa 80 % of theresidential units will be single roomapartments of circa 27 m².The phased development plan canbe seen on the opposite page. Thearea coloured black parallel to thered area is the site that was gifted bythe developers to the city to builda 15,000 m 2 university building, tohouse the new music, computerand business departments. This€ 30,000,000 development will beginin July 2008.The area coloured red is an oldlisted warehouse building which willundergo a complete refit. Planningpermission has been granted for 266student apartments which enjoy aspecial tax status ( i.e. reconstructionof protected buildings andaccelerated depreciation ).This project is part of a huge urbandevelopment and is supported by thecity and university authorities.The project has been advancedthrough the planning stages byEPI or EPI associated companies.An independent valuation will besubmitted to the board before the finalPurchase / Investment is approved.16
UNIVERSITYBUILDINGDEVELOPMENT SITEFOR FURTHER UNIVERSITYDEVELOPMENT AND500 HOUSING UNITSTHE PROJECTSTUDENTAPARTMENTSSite Plan of the projects.The Project: Student ApartmentsDetailsDevelopment:266 Student ApartmentsLocation:Regnitz Island, City Centre BambergSite Size: circa 6,000 m ²Parking:circa 300 SpacesRental Area:circa 12,480 m ² Apartmentscirca 2,900 m ² RetailCompletion: end of 2009Investment:€ 36 million17
Page 2: Important Notice Section 1This docu
Page 6 and 7: Investment Summary• Minimum Inves
Page 8 and 9: Professional Team & Track Record Se
Page 10 and 11: Team - Background to Promoter10Gerr
Page 12 and 13: Target Portfolio Locations Section
Page 14 and 15: 5.2 Berlin - B5 Logistics and Solar
Page 18 and 19: 5.4 Munich - Office and Lab Complex
Page 20 and 21: 5.6 Berlin, Munich, Regensburg - Th
Page 22 and 23: 5.7 Kiel - Burger King (Under Contr
Page 24 and 25: Investment Structure Section 6The s
Page 26 and 27: The Board of Directors/Management S
Page 28 and 29: Taking account of the present marke
Page 30 and 31: It is planned to exit from the four
Page 32 and 33: Risk Factors Section 11This is a sp
Page 34 and 35: The Next Step Section 12Terms and C

EPI 4 Investor plc - European Property Investments

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