semi-annual report 30 Sep 2010 - SEB Asset Management

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Statement of Assets, Part I: Property Record as of 30 September 2010 Location of property Type of use (as a % of estimated net rental) Area in m 2 Property data 34 | SEB ImmoInvest Type of property Project/portfolio development measures Office Retail/catering Industrial (warehouses, halls) Hotel Residential Leisure Parking spaces Other I. Directly held properties in eurozone countries Germany 85609 Aschheim-Dornach Einsteinring 31–39 10623 Berlin C – 85 0 3 0 0 0 10 2 10/2000 2000/2001 13,300 17,235 465 G, P, H, C 2 C Steinplatz 2 10785 Berlin C – 90 0 4 0 0 0 5 1 12/2001 1970/1994 2,188 7,366 61 D, G, P, H, C 2 A Stauffenbergstr. 26 10117 Berlin C – 0 0 0 100 0 0 0 0 08/2005 2005 12,127 44,270 478 D, A, G, P, S, H, C 1 B Johannisstr. 20 10117 Berlin C – 92 7 0 0 0 0 0 1 09/2001 1908/2001 2,694 10,259 30 D, A, G, P, H, C 2 B Kleine Kurstr. 15 12105 Berlin C – 74 10 1 0 10 0 5 0 08/2005 2006 725 3,754 445 20 D, A, P, H, C 2 B Alarichstr. 12–17 63128 Dietzenbach C – 94 0 4 0 0 0 2 0 01/1996 1995 7,473 14,527 135 P, H, C 2 B Waldstr. 41 40227 Düsseldorf C – 13 0 84 0 0 0 3 0 04/2003 2002/2003 24,877 16,679 102 G, P, S, H, C 3 G Kruppstr. 108 40237 Düsseldorf C – 87 0 2 0 0 0 11 0 08/1993 1992/1993 3,381 6,198 143 P, S, H, C 2 B Grafenberger Allee 293 40227 Düsseldorf C – 93 0 2 0 0 0 5 0 07/2002 2002 4,671 10,684 122 D, A, P, H, C 2 C Moskauer Str. 25–27 40474 Düsseldorf C – 90 0 3 0 0 0 6 1 07/2003 2003 6,047 20,881 269 A, G, P, H, C 2 C Peter-Müller-Str. 20 45128 Essen C – 48 0 2 0 0 0 9 41 05/2008 2008 4,518 6,317 106 A, P, H, C 2 C Kruppstr. 16 73728 Esslingen C – 93 0 4 0 0 0 3 0 08/2002 1948/1990 11,826 24,971 96 D, G, P, H 3 B Fleischmann-/Berliner-/Martin-Str. 60313 Frankfurt am Main C – 24 57 2 0 0 0 10 7 10/2002 2002 9,485 23,142 322 A, G, P, S, H, C 2 E Stiftstr. 30 60489 Frankfurt am Main C – 72 20 3 0 1 0 4 0 03/1994 1952/1998 1,801 4,645 90 26 G, P, H, C 2 B Stützeläckerweg 12–14 60327 Frankfurt am Main C – 83 0 6 0 0 0 7 4 09/1989 1989/1990 6,453 10,173 167 P, H, C 2 D Rotfeder-Ring 1–13 60439 Frankfurt am Main C – 86 4 2 0 0 0 8 0 05/2004 2003/2004 7,340 16,799 304 D, A, G, P, H, C 2 C Lurgiallee 3 60528 Frankfurt am Main C – 0 0 0 0 0 0 0 100 10/2000 1987/2001 7,631 7,455 23 D, A, G, P, S, H 2 C Hahnstr. 49 60439 Frankfurt am Main C – 91 0 4 0 0 0 5 0 06/2003 2002 7,769 15,423 102 D, A, P, S, H, C 1 C Marie-Curie-Str. 24–28 C – 89 0 4 0 0 0 7 0 01/2001 2000 13,582 29,472 471 D, A, G, P, S, H 2 C Type of property: C = Commercial property U = Undeveloped property P = Partial ownership H = Heritable building right Project/portfolio development measures: Po = Portfolio development measure Pr = Project development measure Acquisition date Year built/renovated Features: D = District heating A = Air conditioning/ auxiliary cooling G = Goods lift Site area in m 2 Commercial Residential Number of parking spaces Features P = Passenger lift S = Sprinkler system H = Hot water (central/decentralised) C = Central heating Property quality Location category
Letting Property performance Results of expert valuation Number of tenants Average remaining lease terms in years Remaining lease terms expiring in the next 12 months in % Vacancy rate in % of estimated gross rental Market value/purchase price (at the reporting date) in EUR Total transaction costs in EUR of which fees and taxes in EUR of which other costs in EUR Total transaction costs in % of market value/purchase price Transaction costs amortised in the financial year in EUR Transaction costs still to be amortised in EUR Expected remaining amortisation period in years Debt ratio in % of market value/ purchase price Gross profit in EUR Remaining useful life in years 5 6.8 3.4 62.8 40,000,000 – – – – – – – 0.0 2,716,866 61 5 3.0 0.4 13.4 18,100,000 – – – – – – – 37.6 1,103,092 51 1 19.9 – 0.0 184,900,000 – – – – – – – 36.5 10,884,071 55 1 0.3 – 59.6 24,900,000 – – – – – – – 0.0 1,708,194 42 3 7.6 – 44.8 10,800,000 – – – – – – – 0.0 677,396 66 1 0.1 – 0.5 42,100,000 – – – – – – – 0.0 2,386,866 56 1 2.0 – 80.9 17,400,000 – – – – – – – 0.0 1,332,110 43 23 1.8 – 34.0 14,100,000 – – – – – – – 0.0 939,783 53 9 2.5 0.4 2.2 28,200,000 – – – – – – – 38.7 1,710,856 62 15 3.5 0.0 4.5 51,700,000 – – – – – – – 46.2 3,245,845 62 2 9.2 – 1.1 22,100,000 – – – – – – – 0.0 1,218,080 67 1 2.8 – 0.0 30,200,000 – – – – – – – 0.0 2,312,013 40 36 4.1 0.5 1.2 66,800,000 – – – – – – – 44.3 4,387,371 52 6 2.8 28.9 9.3 14,500,000 – – – – – – – 0.0 932,198 37 6 3.2 – 44.4 18,800,000 – – – – – – – 0.0 1,327,055 70 13 2.2 26.3 20.3 69,730,000 – – – – – – – 37.4 4,094,472 65 1 6.3 – 0.0 39,000,000 – – – – – – – 0.0 2,710,491 44 2 1.3 – 17.0 46,400,000 – – – – – – – 0.0 2,804,042 63 1 0.3 – 0.0 102,100,000 – – – – – – – 0.0 5,775,814 60 Property quality: 1 = Very high 2 = High 3 = Medium Property location: A = Central business district (CBD) B = Other city centre locations C = Local office centre D = Commercial estate E = City centre (1a) F = Solo location (shopping centre) G = Established logistics location H = Other locations Footnotes see pages 58 – 59 Semi-annual Report as of 30 September 2010 | 35
Page 1 and 2: SEB ImmoInvest Semi-annual Report a
Page 3 and 4: Fund as a whole Fund assets EUR 6,3
Page 5 and 6: The SEB ImmoInvest Open-Ended Real
Page 7 and 8: Opportunities and Risks of Open-End
Page 9 and 10: Real Estate Markets - An Overview R
Page 11 and 12: Results of the Fund in Detail Struc
Page 13 and 14: Return according to the BVI method
Page 15 and 16: Overview: Returns and Valuation Ger
Page 17 and 18: together, the four largest properti
Page 19 and 20: Overview: Letting and Remaining Lea
Page 21 and 22: Changes to the Portfolio Two proper
Page 23 and 24: Outlook Following the German Cabine
Page 25 and 26: Unit Class P Unit Class I EUR EUR E
Page 27 and 28: Germany EUR Other EU countries EUR
Page 29 and 30: ecause the property/equity interest
Page 31 and 32: 65 Rue de Camille Desmoulins, Issy-
Page 33: Gothenburg Berlin Munich Tavagnacco
Page 37 and 38: Letting Property performance Result
Page 61 and 62: Statement of Assets, Part II: Liqui
Page 63 and 64: Statement of Assets, Part III: Othe
Page 65 and 66: Disclosures on financial instrument
Page 67 and 68: Unit Class P Unit Class I EUR EUR E
Page 69 and 70: The equalisation paid item is the b
Page 72: 72 | SEB ImmoInvest Investment Comp

semi-annual report 30 Sep 2010 - SEB Asset Management

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