semi-annual report 30 Sep 2008 - SEB Asset Management

Development projects in the first half of the financial year 1 April 2008 – 30 September 2008
PROPERTIES COMPLETED DURING THE PERIOD UNDER REVIEW – IN PORTFOLIO
City Street Use Area
in m 2
Germany
20 SEB ImmoInvest
Transfer of
risks and
rewards of
ownership/
Completion
Construction status Letting rate
Düsseldorf Peter-Müller-Strasse 20 Office 6,073 05/2008 Completed 100%
Netherlands
Deventer Hunneperkade/Hanzeweg Office 3,051 06/2008 Completed 100%
Rotterdam George Hintzenweg 77 Office 5,683 08/2008 Completed 100%
Rotterdam George Hintzenweg 89 Office 12,027 04/2008 Completed 100%
Zwolle Ceintuurbaan/Dokter van
Finland
Deenweg, Gebäude A
Office 6,662 09/2008 Completed 100%
Helsinki Opus 1, Hitsaajankatu 24 Office 7,010 06/2008 Completed 100%
(rental guarantee
2 years)
PROPERTIES UNDER CONSTRUCTION – IN PORTFOLIO
City Street Use Planned
Netherlands
Zwolle Ceintuurbaan/Dokter van
Deenweg, Building B
PROPERTIES UNDER CONSTRUCTION – NOT YET IN PORTFOLIO
area
in m 2
City Street Use Planned
Germany
Scheduled
completion
date
Construction status Letting rate
Office Approx. 6,662 12/2008 Completed apart from tenant
area
in m 2
Transfer of
risks and
rewards of
ownership/
Scheduled
completion date
fit-outs (approx. 85%)
Frankfurt Werfthaus, Speicherstrasse Office 14,194 11/2009 Shell construction on
100%
(rental guarantee
10 years)
Construction status Letting rate
second storey
Freiburg Schnewlinstrasse Office/retail Approx. 15,400 11/2008 Tenant fit-outs Approx. 70%
(rental guarantee
3 years)
Hamburg Drehbahn 47–48,
Dammtorwall 7
Office
Phase 1: 7,500
Phase 2: 9,000
to
11,000
Phase 1: 1 Dec. 2008
Phase 2: Mid-2010
Phase 1: Completed.
Phase 2: Revitalisation of property
expected
to begin 11/2008
100%
100%
(rental guarantee
2 years)
Karlsruhe Haid-und-Neu-Strasse 13 Office 7,352 10/2008 Completed 100%
(rental guarantee
2 years)
Mannheim Galilei, Galileistrasse 3 Office 15,162 12/2008 Shell construction completed;
tenant fit-out underway
Approx. 30%
(rental guarantee
2 years)
Salzgitter Albert-Schweitzer-Strasse 1 Retail 11,420 11/2008 Completed Over 90%
(rental guarantee
2 years)
Stuttgart Z-UP, Heilbronner Str. 29 Office 14,903 04/2009 Shell construction completed;
Netherlands
tenant fit-out underway
Amsterdam Changiweg Office Approx. 22,000 09/2009 Shell construction on
second storey
Rotterdam Wilhelminakade Office Approx. 38,120 11/2009 Shell construction on
Singapore
eleventh storey
Approx. 70%
(rental guarantee
2 years)
100%
100%
(rental guarantee
10 years)
Singapore Ubi Tech Park Office 38,350 03/2009 Overall completion 85% Approx. 60%