annual report 31 Mar 2007 - SEB Asset Management

Overview: Market Values and Rents
Postcode
City
SEB Immo Cash
Key figures SEB Immo Cash SEB Immo Cash in-
54 SEB ImmoInvest
Street
vestment structure
in % of the Fund
volume
SEB Immo Cash credit
rating structure
Return (1 Sept. 2006 – 31 Mar. 2007) 2.06% Bank deposits 8.6 AAA 36.3
Return p. a. 3.54% p.a. Money market
Duration 0.26 years instruments
91.4
A 29.8
Letting rate (at the
reporting date) in % 1)
Expiring leases in % 2) *
Rental income during
the financial year in
EUR thousand 3) *
Rental valuations
(expert opinion)
(at the reporting date)
in EUR thousand *
Market value
(expert opinion)
(at the reporting date)
in EUR million
Forecast rental income
for the next financial
year in EUR thousand *
III. PROPERTIES HELD VIA REAL ESTATE COMPANIES IN EUROZONE COUNTRIES 7)
1000 Brussels, Belgium 34 Rue de la Loi 100.0 n.a. n.a. 1,592.6 17.12 – 9.7
1040 Brussels, Belgium 70–74 Rue de la Loi 100.0 0.0 n.a. 3,808.9 70.20 – 4.1
92130 Issy-les-Moulineaux 65 Rue de Camille Desmoulins
France
100.0 – n.a. 9,876.9 172.40
– 6.0
66013 Chieti Scalo, Italy Centro Commerciale Megalo 100.0 0.0 n.a. 9,025.7 126.10 9,046.6 8.3
1112 XS Diemen, Netherlands Wisselswerking 58 100.0 0.0 n.a. 2,383.7 45.67 – 6.6
6534 AD Nijmegen, Netherlands Dukenburgseweg 5 100.0 0.0 n.a. 5,377.7 87.40 – n.a. 8)
IV. PROPERTIES HELD VIA REAL ESTATE COMPANIES IN COUNTRIES WITH OTHER CURRENCIES 7)
41756 Gothenburg, Sweden Lindholmspiren 9 100.0 0.9 n.a. 2,141.4 30.45 2,214.0 7.0
1075 Budapest, Hungary Wesselenyi Utca 16 86.6 4.3 n.a. 2,731.3 38.27 2,785.1 7.2
1065 Budapest, Hungary Nagymezö Utca 46–48 99.9 79.3 n.a. 1,054.2 14.14 1,237.4 8.8
19087 Wayne, USA 600–701 Lee Road 96.8 0.6 n.a. 6,851.3 50.91 3,947.2 1.5
19087 Wayne, USA 725–965 Chesterbrook Boulevard 95.7 0.1 n.a. 8,415.3 65.96 6,819.8 1.9
19087 Wayne, USA 1300–1400 Morris Drive 92.3 6.0 n.a. 4,559.3 38.15 3,181.8 1.8
19087 Wayne, USA 1255–1285 Drummers Lane 50.6 2.3 n.a. 4,651.3 32.51 1,930.6 7.4
19087 Wayne, USA Chesterbrook Parcel 11 100.0 0.0 n.a. 0.0 1.34 – 0.0
19087 Wayne, USA 851 Duportail Road 100.0 0.0 n.a. 666.3 5.51 658.6 8.0
200020 Shanghai, China 233 Taicang Road 98.0 2.5 n.a. 11,743.3 160.44 11,087.3 n.a.
1) Based on the property‘s estimated net rental for the year
2) The Expiring leases item comprises the proportion of leases that could expire
during the financial year following the period under review as a % of the estimated
net rental for the year.
3) Rental income during the financial year is the total of the net positions; zero
income is reported for vacant periods and contractually agreed rent-free periods.
4) The return for properties acquired during the financial year was extrapolated
to produce a twelve-month figure. This allows the properties to be compared
with each other. The property return is calculated by dividing the
rental income during the financial year by the market value.
The individual values cannot be extrapolated to the Fund result as a whole.
* This column was not included in the audit for which the Auditors’ Report was issued.
in % of the Fund
volume
AA 34.0
Property return in the
financial year in % 4) *
5) No information has been published since these properties are currently under
construction.
6) The property was acquired during the financial year. The rental income only
relates to the period since it was added to the Fund.
7) Rental income from companies is consolidated and reported in Income from
equity interests in the Statement of Income and Expenditure.
8) No information is published in the first year with regard to properties completed
during the financial year.