National Portfolio Irish Retail Investment Opportunity National Portfolio Irish Retail Investment Opportunity

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National Portfolio Irish Retail Investment Opportunity National Portfolio Irish Retail Investment Opportunity NATIONAL PORTFOLIO IRISH RETAIL INVESTMENT OPPORTUNITY NATIONAL PORTFOLIO IRISH RETAIL INVESTMENT OPPORTUNITY NUTGROVE RETAIL PARK LETTERKENNY RETAIL PARK SLIGO RETAIL PARK TULLAMORE RETAIL PARK DEERPARK SHOPPING PARK RATHFARNHAM, DUBLIN 14 CO. DONEGAL CO. SLIGO CO. OFFALY KILLARNEY, CO. KERRY NATIONAL PORTFOLIO IRISH RETAIL INVESTMENT OPPORTUNITY CONTENTS Introduction 4 SLIGO RETAIL PARK 35 The Assets 6 Key Investment Considerations 36 Portfolio Analysis 8 Location 37 Why Invest In Irish Retail Property? 10 Description 39 Contacts & Further Information 12 Catchment Details 40 Tenancy Overview & Analysis 41 Accommodation & Site Plan 42 NUTGROVE RETAIL PARK 13 Key Investment Considerations 14 Further Information 44 Location 15 Description 17 TULLAMORE RETAIL PARK 45 NATIONAL PORTFOLIO NUTGROVE RETAIL PARK LETTERKENNY RETAIL PARK Catchment Details 18 Key Investment Considerations 46 IRISH RETAIL INVESTMENT OPPORTUNITY Tenancy Overview & Analysis 19 Location 47 Accommodation & Site Plan 20 Description 49 Further Information 22 Catchment Details 50 Tenancy Overview & Analysis 51 Accommodation & Site Plan 52 LETTERKENNY RETAIL PARK 23 Key Investment Considerations 24 Further Information 54 Location 25 Description 27 DEERPARK SHOPPING PARK 55 Catchment Details 28 Key Investment Considerations 56 Tenancy Overview & Analysis 29 Location 57 Accommodation & Site Plan 30 Description 59 Further Information 34 Catchment Details 60 Tenancy Overview & Analysis 61 Accommodation & Site Plan 62 Further Information 64 SLIGO RETAIL PARK TULLAMORE RETAIL PARK DEERPARK SHOPPING PARK CONTENTS 3 NATIONAL PORTFOLIO IRISH RETAIL INVESTMENT OPPORTUNITY INTRODUCTION DEERPARK RETAIL PARK ON BEHALF OF THE VENDORS, JLL AND SAVILLS ARE DELIGHTED TO PRESENT THE NATIONAL PORTFOLIO, A PORTFOLIO OF FIVE RETAIL PARKS These diverse assets represent a major opportunity to obtain a significant stake in, and exposure to, the fast recovering Irish retail market. At over 1.1 million sq. ft. the National Portfolio will represent the largest Irish real estate opportunity to come to the market in the current cycle in terms of its LETTERKENNY 2 overall floor area. The portfolio offers a strong geographic spread and a strong line-up of tenants, along with a variety of active asset management opportunities. Each retail park has its own strengths and collectively they provide a purchaser with excellent exposure to the retail market. LOCATION OF THE ASSETS 3 SLIGO OPPORTUNITY 1 NUTGROVE RETAIL PARK, RATHFARNHAM, DUBLIN 14 The portfolio is being offered for sale in One or More Lots: PRIME SOUTH DUBLIN RETAIL PARK LOT 1: Nutgrove Retail Park 2 LETTERKENNY RETAIL PARK, CO. DONEGAL LOT 2: Letterkenny Retail Park, Sligo Retail Park, Tullamore Retail Park and Deerpark Shopping Park RETAIL PARK WITH STRONG FASHION OFFER 1 LOT 3: The Entire National Portfolio TULLAMORE 4 RATHFARNHAM 3 SLIGO RETAIL PARK, CO. SLIGO For the avoidance of doubt please note that this is a property investment sale therefore no tenants are affected. LONG INCOME RETAIL PARK 4 TULLAMORE RETAIL PARK, CO. OFFALY WELL ANCHORED LONG INCOME RETAIL PARK 94 retail & commercial Total passing rents of 5 retail parks across units with a low vacancy Over 1.1 million sq. ft. approximately €12.3 million 5 counties rate of approximately of space 5 DEERPARK SHOPPING PARK, KILLARNEY, CO. KERRY per annum 10.26% WELL ANCHORED SHOPPING PARK INCLUDING OPEN USE RETAIL 5 KILLARNEY An opportunity to invest Major tenants include Overall WAULT of at scale in the recovering Woodies, Homebase approximately 10 years retail market and Aldi 4 INTRODUCTION INTRODUCTION 5 NATIONAL PORTFOLIO IRISH RETAIL INVESTMENT OPPORTUNITY THE ASSETS Nutgrove Retail Park, Letterkenny Retail Park, Sligo Retail Park, Tullamore Retail Park, Deerpark Shopping Park, Rathfarnham, Dublin 16 Co. Donegal Co. Sligo Co. Offaly Killarney, Co. Kerry • 18,431.3 sq. m. (198,392 sq. ft.) purpose built retail park • Open consent scheme with an offer equivalent to a • L-shaped retail park extending in total to 25,302.6 sq. m. • U-shaped retail park extending to approximately • 11,861.8 sq. m. (127,679 sq. ft.) mixed use shopping park large shopping centre extending to 35,324.56 sq. m. (272,355 sq. ft.) 15,702.6 sq. m. (169,021 sq. ft.) • Including 5,339.8 sq. m. (57,477 sq. ft.) of office and leisure • One of the few retail parks in Ireland with open retail use (380,230 sq. ft.) within four phases facilities on upper floors • 18 unit retail park with ample car parking • Main tenants include Woodies, Heatons, Argos, DID Electrical • Located in the heart of the busy tourist destination of Killarney • Strong fashion presence with leading names such as and Harry Corry • Situated in an established residential location in Rathfarnham, • Strong food offer with 3 restaurants at entrance to Park New Look, M&S, TK Maxx, River Island, Next and H&M • Key tenants include M&S, Homesbase, Arcadia Group, Argos South Dublin • Situated adjacent to a large Tesco Extra supermarket and • Main tenants include Homebase, Halfords, Currys, PC World, and Boots • Other leading occupiers include Homebase, Halfords, Tesco petrol station • Excess 600 car spaces at grade and basement levels Smyths Toys and McDonalds Argos, Boots and Smyths Toys • Adjacent to Tesco Superstore and Aldi • Current gross rent of approximately €1.48 million per annum • Current rent of approximately €4.1 million per annum • Current rent of approximately €2.10 million per annum • 38 unit retail park immediately adjoining the town centre • Current rent of approximately €1.55 million per annum • WAULT of approximately 10.7 years • 76% income secured by Homebase, Harvey Norman and Aldi • WAULT of approximately 7.9 years • Current rent of approximately €3.05 million per annum • WAULT of approximately 4.2 years • WAULT of approximately 13.9 years • WAULT of approximately 9 years 6 THE ASSETS THE ASSETS 7 0-2 years 0.49% 2-5 years 1.36% Killarney 11.12% Nutgrove 17.29% Killarney 12.64% Nutgrove 33.39% 5-10 years 9.56% NATIONAL PORTFOLIO Tullamore 14.73% IRISH RETAIL INVESTMENT OPPORTUNITY Tullamore 12.05% 10 years+ 88.59% Sligo 23.73% Letterkenny 33.13% Sligo 17.10% Letterkenny 24.82% PORTFOLIO0-2 years 0.49% ANALYSIS 2-5 years 1.36% Killarney 11.12% Nutgrove 17.29% Killarney 12.64% Nutgrove 33.39% 5-10 years 9.56% OVERALL SPACE PER SCHEME TOTAL INCOME (PER ANNUM) UNEXPIRED LEASE PROFILE TO EXPIRY SCHEME VACANCY Tullamore 14.73% Tullamore 12.05% Nutgrove Letterkenny Sligo Tullamore Killlarney Nutgrove Letterkenny Sligo Tullamore Killlarney 0-2 yrs 2-5 yrs 5-10 yrs 10yrs+ Nutgrove Letterkenny Sligo Tullamore Killlarney 10 years+ 88.59% Area sq. ft. 198,393 380,230 272,356 169,021 127,679 Total Rent €4,102,067 €3,048,456 €2,100,805 €1,479,830 €1,553,249 0-2 yearsTotal 0.49% €60,500 2-5€167,259 years 1.36% €1,173,860 €10,882,788 Vacant sq. ft. 14,355 28,796 47,258 21,227 6,073 Killarney 11.12% Nutgrove 17.29% Killarney 12.64% Nutgrove 33.39% 5-10 years 9.56% % Portfolio 17.29% 33.13% 23.73% 14.73% 11.12% % Portfolio 33.39% 24.82% 17.10% 12.05% 12.64% % Total 0.49% 1.36% 9.56% 88.59% Occupied sq. ft. 184,038 351,434 225,098 147,793 121,606 Sligo 23.73% Letterkenny 33.13% Sligo 17.10% Letterkenny 24.82% 0-2 years 8.07% Tullamore 14.73% Tullamore 12.05% % Vacant 7.24% 7.57% 17.35% 12.56% 4.76% 10 years+ 88.59% 0-2 years 0.49% 0-2 years 2-50.49% years 1.36% 2-5 years 1.36% 0-2 years 0.49% 2-5 years 1.36% 2-5 years 11.69% Killarney 11.12% KillarneyNutgrove 11.12% 17.29% Killarney 12.64%Nutgrove 17.29% Killarney 11.12% KillarneyNutgrove 12.64% 33.39% Nutgrove 17.29%Nutgrove 33.39% Killarney 12.64% Nutgrove 33.39% Killarney 4.76% Nutgrove 7.24% 5-10 years 9.56% 5-10 years 9.56% 5-10 years 9.56% Sligo 23.73% Letterkenny 33.13% Sligo 17.10% Letterkenny 24.82% 10 years+ 44.87% Tullamore 14.73% Tullamore 14.73% Tullamore 12.05% Tullamore 14.73%Tullamore 12.05% Tullamore 12.05% Tullamore 12.56% Letterkenny 7.57% 10 years+ 88.59% 10 years+ 88.59% 10 years+ 88.59% 5-10 years 35.38% 0-2 years 8.07% Sligo 23.73% Sligo Letterkenny23.73% 33.13% Sligo 17.10%Letterkenny 33.13% Sligo 23.73% SligoLetterkenny 17.10% 24.82% Letterkenny 33.13%Letterkenny 24.82% Sligo 17.10% Letterkenny 24.82% 0-2 years 0.49% 2-5 years 1.36% Sligo 17.35% 2-5 years 11.69% 0-2 years 8.07% Killarney 11.12% Nutgrove 17.29% Killarney 12.64% Nutgrove 33.39% Killarney 4.76% Nutgrove 7.24% 5-10 years 9.56% 2-5 years 11.69% 10 years+ 44.87% Killarney 4.76% Nutgrove 7.24% Tullamore 12.56% Tullamore 14.73% Tullamore 12.05% 10 years+ 44.87% Letterkenny 7.57% Tullamore 12.56% 10 years+ 88.59% 5-10 years 35.38% Letterkenny 7.57% 5-10 years 35.38% Local 3.44% Sligo 23.73% Letterkenny 33.13% Sligo 17.10% Letterkenny 24.82% 0-2 years 8.07% 0-2 years 8.07% 0-2 years 8.07% Sligo 17.35% COVENANT PROFILE (BY INCOME) Sligo 17.35% WAULT PER CENTRE UNEXPIRED LEASE PROFILE TO EARLIEST BREAK / EXPIRY TOP 15 TENANTS 20 2-5 years 11.69% 2-5 years 11.69% 2-5 years 11.69% Multinational €8,446,609 68.76% Nutgrove Letterkenny Sligo Tullamore Killlarney Total 0-2 yrs 2-5 yrs 5-10 yrs 10yrs+ Tenant Total passing rent pa No Leases % Total Rent Portfolio KillarneyNutgrove 4.76% 7.24% Nutgrove 7.24% Killarney 4.76% Killarney 4.76% Nutgrove 7.24% National 27.80% National €3,414,592 27.80% WAULT to Expiry Yrs 17.99 13.31 12.51 16.02 13.87 15.14 Total €991,065 €1,435,904 €4,345,718 €5,511,720 Homebase House & Garden Centre Limited €2,556,057 4 20.81% 10 years+ 44.87% 10 years+ 44.87% 10 years+ 44.87% 15 17.99 Local €423,205 3.44% WAULT to Break Yrs 13.86 8.95 7.90 10.68 4.21 10.02 % Total 8.07% 11.69% 35.38% 44.87%
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