annual report 31 Mar 2006 - SEB Asset Management

Update on construction and modernisation work
on portfolio properties
France, Combs-la-Ville, ZAC Parisud IV
The first construction phase, consisting of two industrial
buildings, was completed on schedule at the beginning
of June 2005. Both buildings are currently 100% let. The
logistics building comprising the second phase of construction
was completed as planned at the end of 2005.
USA, Chicago, 150 North Michigan Avenue
Work on the renovation of the walkways and the arcade
area in front of the entrance, including sealing work on
the underground storey ceiling beneath, was completed at
the end of 2005.
Record of purchases relating to the statement of assets as of 31 March 2006
28 SEB ImmoInvest
USA, New York, 2 Park Avenue
The extensive renovation of the art deco clinker facade
required by New York City ordinances was completed at
the beginning of 2006.
Since the end of 2005, further reconstruction and renovation
work has been undertaken on the facades of the semibasements
(shop area), restoring and renovating the original
appearance of these natural stone facades. Furthermore,
the window displays of the retail areas are being given a
uniform, modern design. Additional modernisation work
will be undertaken in the lobby and lift cars by mid-2006.
PURCHASES: DIRECTLY HELD PROPERTIES IN COUNTRIES WITH THE EURO AS THEIR CURRENCY
Country Post code City Street Transfer of risks and rewards as of
Germany 10117 Berlin Kleine Kurstr. 15 08/2005
Germany 10785 Berlin Stauffenbergstr. 26 08/2005
Germany 20354 Hamburg Gorch-Fock-Wall 3–7 03/2006
Netherlands 1183 AS Amstelveen / Amsterdam Prof.W.H. Keesomlaan 4 07/2005
Netherlands 1101 CN Amsterdam Herikerbergweg 2–36 / 145–179 12/2005
PURCHASES: DIRECTLY HELD PROPERTIES IN COUNTRIES WITH OTHER CURRENCIES
Country Post code City Street Transfer of risks and rewards as of
USA 94104 San Francisco 225 Bush Street 04/2005
EQUITY INTERESTS IN REAL ESTATE COMPANIES IN COUNTRIES WITH THE EURO AS THEIR CURRENCY
Country Registered office Name Equity interest held Transfer of risks and rewards as of
France Paris SEB ImmoInvest Prélude S.A.S. 100% 07/2005 1)
Italy Milan Megalò S.R.L. 100% 12/2005
PURCHASES: EQUITY INTERESTS IN REAL ESTATE COMPANIES IN COUNTRIES WITH OTHER CURRENCIES
Country Registered office Name Equity interest held Transfer of risks and rewards as of
USA Jenkintown Chesterbrook Partners LP 89.4% 03/2006
USA Jenkintown Glenhardie Partners LP 89.4% 03/2006
USA Jenkintown Chesterbrook 11 Land Owner LP 89.4% 03/2006
1) Investment company and land only; transfer of building after completion