TY ADMIRAL DAVID STREET CARDIFF The Amundi Collection Ty Admiral – Cardiff INVESTMENT SUMMARY Admiral Group Plc’s Global Headquarters, a prime landmark headquarters office building completed in 2014. Located in Wales’ capital city and administrative centre, adjoining the St David’s Shopping Centre and the 280,000 sq ft John Lewis Department Store. Situated in the heart of Cardiff’s Central Business District with excellent connectivity to the Cardiff Central & Queen Street Railway Stations and planned Transport Interchange. Grade A office buildingcompleted in 2014 comprising 206,833 sq ft of principally office accommodation together with three retail units and 120 basement car parking spaces. 25 year lease from 15th September 2014 expiring on 14th September 2039, equating to circa 21.25 years unexpired. 5 yearly upward only rent reviews index linked to the Retail Price Index with a collar and cap at 1.5% and 3.0% per annum compounded annually. Rental to be topped up to £3,705,560 per annum equating to a very low rent of £18.08 per sq ft, which reflects a significant discount to current prime headline office rents of £25.00 per sq ft. Let to EUI Limited who have a D&B rating of 5 A1. Guaranteed by Admiral Group Plc who have a D&B rating of 5 A1 and an investment grade covenant with a Moody’s credit rating of A1. Fully occupied building with up to 3,500 employees based at the property. BREEAM ‘Excellent’ rating and EPC rating of ‘B 34’. Opportunity to benefit from substantial capital allowances. We are instructed to seek offers in excess of £80,900,000 for the entire share capital in the Immo UK Admiral Cardiff S.à.r.l that owns the property, subject to contract and exclusive of VAT. This reflects a net initial yield of 4.50% (assuming acquisition costs of 1.80%). This reflects alow capital value of £391 per sq ft. PRINCIPALITY SWALEC CARDIFF THE QUEENS CITY HALL STADIUM STADIUM CASTLE HAYES ARCADE LOCATION TY ADMIRAL DAVID STREET CARDIFF CARDIFF QUEEN STREET STATION CARDIFF CENTRAL STATION CARDIFF UNIVERSITY CENTRAL CENTRAL ST MARYS CALLAGHAN CENTRAL JOHN ST DAVIDS SHOPPING MOTORPOINT CAPITAL OF SOUTH QUAY SQUARE STREET SQUARE LIBRARY LEWIS CENTRE ARENA QUARTER WALES Ty Admiral – Cardiff 4 | 5 Cardiff is the administrative centre for the Welsh Government and home Cardiff is expected to grow faster than any other UK city in CARDIFF to the internationally recognised Principality (Millennium) Stadium and population terms, 26% over the next 20 years. It is currently ranked Wales Millennium Centre. the 6th best shopping destination in the UK, following the completion of the St David’s Shopping Centre and the largest John Lewis store A CAPITAL CITY The city has a resident population of approximately 358,500, which is outside of central London. swelled by over 80,000 full-time students from the city’s expanding higher education sector. A further catchment population in excess of Cardiff is also consistently ranked top in UK quality of life indices – 1.5 million is situated within a 45-minute travel time from the city centre. including Moneysupermarket.com’s 2014 index, the recent EU Urban Audit, and Legal & General’s best city for young people survey. It was Through the Cardiff Master Plan, both Cardiff City Council and Welsh also voted the 3rd best capital city in Europe to live in, following Government are committed to further improving the infrastructure and a recent EU survey in 2017. RESIDENT POPULATION OF economic profile of both Cardiff and its City Region, to consolidate it as 18 million one of the most important regional centres in the UK for occupiers and The public sector is driving forward on the £1.28bn city deal for Tourist visits annually investors alike. These initiatives include: boosting the economy of the Cardiff Capital Region which combines 10 51% c.350,000 local authorities surrounding and supporting the city. The Cardiff Capital Cardiff Capital Region comprises and home to Premier League with 1.5 million people living Cardiff Central Enterprise Zone Region has a Gross Value Added (GVA) of approximately £25 billion, 51% of Welsh Economy Football team, Cardiff City within a 45-minute drive Centred around Cardiff Central Railway Station. This is the accounting for 51% of the Welsh Economy. only Enterprise Zone in the UK dedicated to attracting and growing the financial and professional services sector. Employment within the city is centred on the retail, finance, media and tourism sectors. Major occupiers within the city include Deloitte, Electrification of the main intercity rail line Eversheds, L&G, KPMG, PWC, Lloyds Banking Group, Cardiff Council, 3 RANKED 6TH This will improve Cardiff’s connectivity via faster journey Welsh Government and, shortly, the BBC. times to London with the work scheduled to be completed by Q4 2018. The city is renowned for hosting some of the world’s most prestigious sporting events such as the UEFA Champions League Final, World & 3rd best European city ALTERNATIVE Investment in Cardiff Central and Queen Street European Rugby Cup Finals, Ashes Cricket Tests and assisting in the TOURIST THE WORLD’S 20% Railway Stations hosting of the 2012 Olympic Games. for quality of life DESTINATION FIRST FREE The UK’s fastest growing Core City with Plans to create new civic scaled public squares to the north and south of the station as high-quality arrival spaces and TRADE CAPITAL EUROPEAN UNION projected population growth of 20% by 2035 “gateways” to the city. Work is already completed on the south side of the station. A1(M) Improved connectivity between the city centre Cardiff is situated 150 miles to the LEEDS M62 and Cardiff Bay west of London and 40 miles to The Arriva Trains Wales franchise has been retendered M18 in 2018. Two parties have been short listed and an M4 the west of Bristol. It benefits from LIVERPOOL M60 30 M56 announcement on the successful operator is imminent. A470 A48(M) excellent transport links, both from M6 M1 As part of their strategy, they will address the Valley A1(M) Line links into Cardiff Central via Queen Street and the 32 A469 the M4 motorway (Junctions 29- A48 NOTTINGHAM introduction of a rapid transport link between the city A470 33) and a mainline rail destination M54 centre and its waterfront. M4 A4054 M42 33 NORWICH A48 with intercity journey times to London BIRMINGHAM M6 A470 M11 Cardiff Airport M5 and Birmingham of 2 hours, as well CAMBRIDGE A4232 A1(M) The Welsh Government have acquired the airport looking to M50 CHELTENHAM A4161 CARDIFF CENTRAL as local rail links throughout South boost its profile and increase of the number of airlines and A48 M40 M1 GLOUCESTER routes around Europe and beyond. This expansion has recently OXFORD M25 A4232 Wales. Cardiff Airport is located west CARDIFF BAY M4 LONDON included the addition of new routes by Qatar Airways. A48 SWANSEA CARDIFF of the city and provides direct access CARDIFF BRISTOL M4 Heathrow Bristol A4050 M2 Cardiff M3 International Convention Centre & Arena to numerous international destinations, M23 M20 BATH DOVER Work is underway to construct a new Convention Centre M5 which has recently expanded with SOUTHAMPTON M27 at Celtic Manor Resort in Newport. In addition, a site in A4226 BRIGHTON Cardiff Bay has been earmarked as a potential location for the addition of a new carrier (Qatar BOURNEMOUTH A4050 EXETER a new state of the art arena with a capacity of 10,000+. BARRY Airways) in 2018. A4050 A4226 Academic Profile CARDIFF INTERNATIONAL BRISTOL BARRY 80,000 students from Cardiff University, Cardiff AIRPORT CHANNEL Metropolitan University, University of South Wales and the Royal Welsh College of Music and Drama. RHOOSE Ty Admiral – Cardiff 6 | 7 LOCATION Admiral Group Plc’s Headquarters are A CARDIFF S 4 t 1 a CASTLE 6 t i situated in a prominent location at the 1 o n T e t r ee r CARDIFF Str a entrance to the St David’s Shopping en c Que e QUEEN STREET C h u Centre, with the property fronting onto r c h i ll W a y David Street, just off Bridge Street and treet e S H Duk t i e g e h r t S QUEENS S the corner of Churchill Way. t r d e ARCADE r e fo t ld ui G et tre S ge C rid h B u W r e c st h g i l a l t e 4 W St re a et ST DAVID’S y T h SHOPPING e H CENTRE a y S e t s M t a ree r THE St y m da S A t ARCADES r e e 3 t t r Stree PRINCIPALITY Tredega JOHN LEWIS t STADIUM ree St 2 rk 1 ce KEY Pa ra er CARDIFF CENTRAL e T et ut tre LIBRARY B k S 1 John Lewis Par eet Str od Wo et 2 Cardiff Central Library CENTRAL SQUARE tre CAPITAL S B se u ou t QUARTER Custom H e NEW TRANSPORT S t r 3 Principality Stadium INTERCHANGE e S e t t M a r y S 4 St David’s Shopping Centre t t r ee CARDIFF CENTRAL e CALLAGHAN tr e t S t er rb SQUARE He 5 Wales Millennium Centre B CENTRAL QUAY u t e S t r e e t 1 2 3 4 The property has excellent prominence overlooking St David’s Shopping Centre as well as adjoining the Motorpoint Arena. It is also within close proximity to the Radisson Hotel Tower, Central Square and Callaghan Square, the prime city centre office location, as well as Central Station.