The Capital Collection

THE CAPITAL COLLECTION P R I M E R E TA I L A N D O F F I C E I N V E S T M E N T O P P O R T U N I T Y

THE CAPITAL COLLECTION

Contents Investment Highlights

p3

Asset Overview

p4

Market Commentary

p9

Collection Analysis

p12

The Properties 1

18-21 Henry Street & 6/8 GPO Arcade, Dublin 1

p15

2

20 on Hatch, Hatch Street, Dublin 2

p21

3

Kilmore House, Spencer Dock, Dublin 1

p27

4

43/44 Mary Street, Dublin 1

p33

5

11/12 Duke Street & 52 Dawson Street, Dublin 2

p39

6

17/23 Upper Rathmines Road, Rathmines, Dublin 6

p45

7

Nutgrove Retail Centre, Rathfarnham, Dublin 14

p51

8

Beacon South Quarter, Sandyford, Dublin 18

p57

Contacts & Further Information

p64

1

THE CAPITAL COLLECTION

Investment Highlights • Diverse Collection of Retail and Office Investment Properties • Offered for sale individually or as one lot • High Street Retail and Stand-Alone Supermarket 6,422 sq m (69,129 sq ft) • Prime Office Accommodation 14,406 sq m (155,067 sq ft) • Retail Warehouse Accommodation 9,899 sq m (106,548 sq ft) • Strong income profile of approximately €7.3 million per annum • 60% of total income generated from retail assets and 40% from prime Dublin offices • Attractive WAULT of over 8.22 years • The Collection offers scale - 26 tenants and approximately 30,726 sq m (330,744 sq ft)* of accommodation • Excellent mix of national and international tenants throughout the Collection • Tenants not affected *An entitlement to 33% of the rental income forming part of this sale

3

SUMMARY

Asset Overview 1 18-21 Henry Street & 6/8 GPO Arcade, Dublin 1 Prime High Street Retail accommodation extending to approximately 2,914 sq m (31,370 sq ft)

2 20 on Hatch, Hatch Street, Dublin 2 Modern High Specification Office accommodation extending to approximately 4,125 sq m (44,400 sq ft)

3 Kilmore House, Spencer Dock, Dublin 1 Modern Third Generation Office accommodation extending to approximately 10,281 sq m (110,667 sq ft), 33% interest forms part of this sale

4 43/44 Mary Street, Dublin 1 Prime High Street Retail accommodation extending to approximately 1,159 sq m (12,472 sq ft)

5 11/12 Duke Street & 52 Dawson Street, Dublin 2 Prime Restaurant accommodation extending to approximately 575 sq m (6,193 sq ft)

6 17/23 Upper Rathmines Road, Rathmines, Dublin 6 Exceptional Stand-Alone Supermarket extending to approximately 1,773 sq m (19,094 sq ft)

7 Nutgrove Retail Centre, Rathfarnham, Dublin 14 Modern Retail Park extending to approximately 5,661 sq m (60,934 sq ft)

8 Beacon South Quarter, Sandyford, Dublin 18 Modern Retail Scheme extending to approximately 4,238 sq m (45,614 sq ft)

4

THE CAPITAL COLLECTION

R806

Marino

Cabra Cabra East

R109

R109

R105

R805 Dublin Zoo

R805

R113

R101

Palmerstown R112 R833 M50

R833

Islandbridge

R833

R833

Ballyfermot

R148

R810 R112

HEUSTON STATION

R111

The Tenters

R137

R811

R134

Clondalkin

R112

R819

Kimmage

Walkinstown

Ballymount Industrial Estate

R802

R815

R138

Irishtown

R118

R815 R816

R111

Sandymount Ballsbridge

Ranelagh

Harold's Cross

R110 Western Industrial Estate

R802

R131

R117

Crumlin

R134

Dulbin Port

3

2

Portobello R111

Drimnagh John F Kennedy Industrial Estate

5

R138

R815

Donnybrook

Rathmines

R817

R131

R138

6

R137

Docklands

R101

R801

St Stephen’s Green

Park West Industrial Park Clondalkin Industrial Estate

CONNOLLY STATION

Trinity College

The Liberties

Maryland Rialto

R812

4

1

R810

St James’s Hospital

Kilmainham

Inchicore

R804 Smithfield

R148

Irish National War Memorial Park

R148

East Wall

Dublin

Stoneybatter

Phoenix Park

M50

R803

R135

Royal Dublin Golf Club

R807

R105

R148

R807

R834

R803

R101

R101

R806

R109

Phibsborough

Fairview

R803

R131

R147

R807

R808

R824

R118

R114

R113

R117

Ballymount

R825

Milltown

Terenure

M50

Manor Estate

R820

R817

R114

R112 R819

R137

Tymon North

R136

Springfield

R822

Whitestown Industrial Estate

Jobstown

R817

R821

Monkstown Dun Laoghaire

Goatstown

7

R825

R825

Dundrum

Ballyroan Firhouse

R119

R112

Churchtown

R115

R113

Blackrock

R112

Rathfarnham

Tallaght

R118

R825

Castle Golf Club

R114

R114

Booterstown

R117

R137

Cookstown Industrial Estate

R138

Belfield

Bushy Park

Templeogue Broomhill Industrial Estate

University College Dublin

Milltown Golf Course

R112

Tymon Park

Clonskeagh

R826

R113

R826

Deansgrange R827

Knocklyon

R830

M50

R822 R822

R113 R116

Marlay Park

Ballinteer

R117

R826

8 Sandyford Industrial Estate

R118

Sallynoggin

R830 R113 R827

R828

M50

R133

Sandyford

R115 R113

R828

Foxrock R113

Glengeary

8

6

2

Beacon South Quarter, Sandyford, Dublin 18

7

Nutgrove Retail Centre, Rathfarnham, Dublin 14

17/23 Upper Rathmines Road, Rathmines, Dublin 6

20 On Hatch, Hatch Street, Dublin 2

St Stephen’s Green

Grafton Street

O’Connell Street

IFSC

5

3

Kilmore House, Spencer Dock, Dublin 1

1

11/12 Duke Street & 52 Dawson Street, Dublin 2

4

18-21 Henry Street & 6/8 GPO Arcade, Dublin 1

43/44 Mary Street, Dublin 1

10

THE CAPITAL COLLECTION

Office Income 40%

Kilmore House Retail Income 60%

100

16.00

90

14.00 12.00

12.87

12.81

80

11.21

60

8.22

8.01

8.00

50

6.00

Economic Overview

70

10.22

9.50

10.00

40

5.25

30

3.95

4.00

20 2.00

Overall

Hatch Street

Kilmore House

Henry Street

Tesco Rathmines

Nutgrove Retail Centre

Beacon South Quarter

Duke St & Dawson St

43/44 Mary Street

Real GNP Growth in Ireland (Y/Y) 6

300,00 4

250,00

2 SQ M

200,00

0

-2

150,00

100,00

-4

50,00

2013 Q4

2013 Q3

2013 Q2

2013 Q1

2012 Q4

2012 Q3

2012 Q2

2012 Q1

-6 2011 Q4

• • •

0

9 of the top 10 ICT companies in the world 8 of the top 10 pharmaceutical companies in the world 15 of the top 20 companies in medical devices in the world 50% of the world’s leading financial services firms

2011 Q3

•

• • • •

2011 Q2

•

0.00 Ireland is a highly globalised economy comprising:

2011 Q1

• •

Economic growth has been recorded in six of the last seven quarters GNP expanded by 4.6% in the second half of 2013 NTMA has already raised €6.5 billion in the bond markets, more than 80 percent of its funding target of €8 billion for the full year Total employment has risen by 63,200 since the lows of 2012 and the number of people signing on has now fallen for 29 consecutive months Low inflation rate, inflation averaging just 0.5% in 2013 has resulted in real household disposable incomes stabilising Headline corporate tax rate of 12.5% Large supply of skilled and highly educated graduates Access to EU markets and limited currency risk for euro area investors

% Change on Corresponding Period in Previous Year

•

10

Source:CSO

Dublin City CBD Vacany Rates April 2014 30%

25%

800

9

700

600 20%

Retail Income 60%

100%

90% 12.87

80%

11.21

70%

10.22

MARKET COMMENTARY9.50

60%

8.22

8.01

50% 40%

5.25

30% 16.00 20%

3.95

Office Market Commentary Overall Overall

Overall

Hatch Street

Kilmore House

Henry Street

Tesco Rathmines

Nutgrove Retail Centre

Beacon South Quarter

Duke St & Dawson St

40% 30% 20%

Overall

Hatch Street

Kilmore House

Henry Street

Tesco Rathmines

0% 25%

20%

250,000

0 Q1 2014

0

200,000 SQ M

2013

2012

2011

2010

0% 2009

2

D 300,000

5%

50,000 4

-2

150,000

100,000

50,000

0

2013 Q4

2013 Q3

2013 Q2

2013 Q1

2012 Q4

2012 Q3

2012 Q2

The prime office districts of Dublin 2 and 4 combined have -4 typically comprised the greatest proportion of letting activity Dublin Office Rent Q1 1998 - Q1 2014 -6the Dublin office and over the last ten years has typically in800 accounted for 40-60% of the market. In 2013 a total of 69,287 700 square metres or 40.6% of take-up in Dublin occurred in these 600 Source:CSO this combined district, compared to 101,401 square metres in 500 rest of the Dublin market. the 2011 Q1

€ PER SQ M

10% 200

10%

Real GNP Growth in Ireland (Y/Y)

100,000 6

Vacancy Rate %

150,000

2008

SQ M

15%

500 20%

300

50%

200,000

25% 600

400 15%

Nutgrove Retail Centre

250,000

Beacon South Quarter

300,000

700

€ PER SQ M

Dublin Office Take-Up vs Vacancy 2004 -2014 (f)

2012 Q1

Dublin Office Rent Q1 1998 - Q1 2014 Dublin City CBD Vacany Rates April 2014

800 30%

60%

10%

0.00

2007

2013 Q4

2013 Q3 Q1 2014

2013 Q2 2013

2013 Q1 2012

2012 Q4 2011

2012 Q3 2010

2012 Q2 2009

2012 Q1 2008

2011 Q4 2007

2011 Q3 2006

2011 Q2 2005

2011 Q1 2004

Source:CSO

70%

2.00

2006

10%

Prime offices rents in Dublin peaked in 2007 at approximately €65 per sq ft. At the end of Q4 2012, prime rents in the capital5% 50,000 -4 were in the order of €27.50 per sq ft. Rents in the Central Business District stabilised during 2012 with approximately 25% 0 0% -6 increase in prime rental values during 2013 to €35.00 per sq ft, primarily as a result of the emerging scarcity of large modern buildings.

100,000 -2

Vacancy Rate %

SQ M % Change on Corresponding Period in Previous Year

New multinational investment and expansion of companies such as Google, Ebay, LinkedIn and Facebook (all of which have their Dublin Office Take-Up vs Vacancy 2004 -2014 (f) Real GNP Growth in Ireland (Y/Y) to fuel activity in the European headquarters in Ireland) continued 25% 300,000 6 office sector of the Dublin market. A range of different companies continued to make location and expansion decisions taking 20% 250,000 4 advantage of the ability to negotiate shorter leases on more 200,000 2 competitive terms than would have been the case in the first half 15% of the decade.

150,000

Duke St & Dawson St

Hatch Street Hatch Street

Kilmore House Kilmore House

Local

0

80%

for Grade A offices in Dublin 2/4 stands at 4.50% and there 10.22 9.50 is currently significant pressure on rental values which are8.22 8.01 8.00 anticipated to be in excess of €40.00 per sq ft before year end.

Indeed there are a number of deals currently under negotiation 6.00 5.25 that will set new bench marks for rental levels in the3.95current 4.00 International National Local cycle.

10.00

% Change on Corresponding Period in Previous Year

National

90% 12.87

12.81

12.000% 11.21

The Dublin office market now extends to some 3.6 million square metres (39 million square feet) of which 1.6 million square metres (17.5 million square feet) is located in the Dublin 2/4 postcode, which is effectively the Central Business District.

International

100%

14.00 10%

Henry Street Henry Street

Tesco Rathmines Tesco Rathmines

Nutgrove Retail Centre Nutgrove Retail Centre

Duke St &St Dawson St St Duke & Dawson

43/44 MaryMary Street 43/44 Street

0.00

Beacon South Quarter Beacon South Quarter

10% 2.00 0%

2011 Q4

20% 4.00

2005

6.00 30%

2011 Q3

8.00 40%

2011 Q2

60% 10.00 50%

43/44 Mary Street

70% 12.00

43/44 Mary Street

12.81

2004

14.00 80%

O

He

100%

16.00 90%

400

Dublin City CBD Vacany Rates April 2014

300

30% 200

800

100 25%

700

0

600 Q1 2014

Q1 2012

Q1 2010

Q1 2008

Q1 2006

Q1 2004

Q1 2002

Q1 2000

Q1 1998

Q1 1996

Q1 1994

Q1 1992

Q1 1990

15%

Q1 1988

Q1 2014

Q1 2012

Q1 2010

CITY CENTRE

Q1 2008

IFSC Q1 2006

20%

Overall District Vacancy Rate

€ PER SQ M

Grade A Vacancy Rate

Q1 2004

Q1 2002

Q1 2000 Dublin 6/8

Q1 1998

Q1 1994

Dublin 2/4 Q1 1996

Q1 1992

1990 DublinQ1 1/3/7

0 0%

Q1 1988

100 5%

Over the last ten year period, the long term average annual level of take-up in the Dublin office market was approximately Retail Index 160,000 square metres perSales annum.

In (M/M) recent years, office Consumer Sentiment Index 120 take-up has fallen below the long term average in light of 150 the wider macro-economic influences on occupier activity.

130 2013 saw 184 individual office lettings signed in the Dublin 115 market with a total of over 170,600 square metres of 110 110 accommodation let in the 12 month period.

100

100

Dublin is somewhat unique in European terms at the moment 95 70 virtually no new speculative office development underway with 90 in the capital or in the pipeline. The current vacancy rate

Q1 1988

CITY CENTRE

Dublin 6/8

Overall District Vacancy Rate

110

We expect to see continued letting activity occurring in Ireland 105 over the next number of years, primarily in Dublin with a 100 Index continuing volumeConsumer of ForeignSentiment Direct Investment (FDI) being 95 150 created.

90

120

85 130

90

2014M04

2013M12

2013M04

2012M12

2012M08

2012M04

2011M12

2011M08

2011M04

2010M12

2010M08

2010M04

2009M12

2009M08

2009M04

2008M12

2008M08

2008M04

2007M12

2007M08

2007M04

2006M12

2006M08

2006M04

2005M12

2005M08

2013M08

Source:CSO

115 2005 =100

Source:ESRI/KBC

2005M04

2014M04 Apr 14

Jul 13 2013M12

Oct 12 2013M08

2013M04

2012M12

Jan 12

2012M08

2012M04

Jul 10

Apr 11

2011M12

Oct 09

2011M08 Jan 09

Jul 07 2010M12

2010M04

Oct 06 2010M08

2011M04 Apr 08

All retail businesses

Source:CSO

80

110 005 =100

All retail businesses, excluding motor trade

Jan 06

2009M12

2009M08

Jul 04

Apr 05

2009M04

2008M12

Oct 03

2008M04 Apr 02

2008M08 Jan 03

Jul 01 2007M12

Oct 00 2007M08

2007M04

Jan 00

2006M12

2006M08

2006M04

Jul 98

Apr 99

Oct 97

2005M12

2005M04 Apr 96

2005M08 Jan 97

80 Apr 14

Dublin 2/4

Grade A Vacancy Rate

0

115

85 50

KBC

Retail Sales Index (M/M)

Dublin 1/3/7

120

IFSC

0%

90

10

300 200

105

30

400

5%

INDEX: Q4 2005 =100

Q4 2005 INDEX: INDEX: Q4 2005 =100=100

10%

500

110 105

International

Real GNP Growth in in Ireland (Y/Y) Real GNP Growth Ireland (Y/Y)

25%25%

300,000 300,000

4 4

250,000 250,000

2 2

20%20%

THE CAPITAL COLLECTION

Vacancy Rate %

15%15%

150,000 150,000

10%10%

-2 -2

100,000 100,000

Retail Market Overview -4 -4

5% 5%

50,000 50,000

Q1 2014

Q1 2014

2013

2013

2012

2012

2011

2011

2010

2010

2009

2009

2008

2008

2007

2007

2006

2006

2005

2005

2004

30%30%

2004

2013 Q4

High streets continue to attract international brands such as 0 0 0% 0% Massimo Dutti, Levis and Mango while the secondary market is set to be dominated by discount/value operators and independent Irish owned retailers. There has been continued strong demand for café and restaurant accommodation. Ireland is now firmly on the radar of UK operators, but they are citing a scarcity of good quality space, as well as planning restrictions, as barriers to entering the Irish market.

Dublin Office Rent Q1Q1 1998 - Q1 2014 Dublin Office Rent 1998 - Q1 2014

2013 Q4

2013 Q3

2013 Q3

2013 Q2

2013 Q2

2013 Q1

2013 Q1

2012 Q4

2012 Q4

2012 Q3

2012 Q3

2012 Q2

2012 Q2

2012 Q1

2012 Q1

2011 Q4

2011 Q4

2011 Q3

2011 Q3

2011 Q2

2011 Q2

2011 Q1

The Irish economy gathered further momentum in Q1 2014, an -6 -6 employment driven recovery is now beginning to feed through to the tills and key retail indicators are trending positively. Growth in the Irish economy has been recorded in six of the lastSource:CSO seven Source:CSO quarters and GNP expanded by 4.6% in the second half of 2013.

Critically, in terms of the retail economy, domestic demand is once again contributing to growth, with a 2% increase recorded City CBD Vacany Rates April 2014 Dublin City CBD Vacany Rates April 2014 in the most Dublin recent national accounts.

800800

€ PER SQ M

300300

Q1 2014

Q1 2014

Q1 2010 2012M12 2013M04

Q1 2012

Q1 2010 2012M08 2012M12

2013M08 2013M12

Q1 2008

2012M04 2012M08

Q1 2012

Q1 2008

2013M04 2013M08

Q1 2006

2011M12 2012M04

Q1 2006

Q1 2004

Q1 2004

Q1 2002

Q1 2002

Q1 2000

Q1 2000

Q1 1998

Q1 1998

Q1 1996

2011M08 2011M12

Consumer Sentiment Index Consumer Sentiment Index

Q1 1996

Q1 1994

Q1 1994

Q1 1992

Q1 1992

Q1 1990

Q1 1990

Q1 1988

Q1 1988

An improving retail economy, allied to strong investor appetite for 200200 Irish property assets, has led to uplift in retail investment activity 100100 in Q1 2014. A notable deal completed in the quarter was the 0 0 joint venture purchase of a 73% stake in Liffey Valley Shopping Centre by Hines and HSBC Alternative Investments.

CITY CENTRE

CITY CENTRE

IFSC

IFSC

Dublin 6/8

Dublin 6/8

Dublin 2/4

Dublin 2/4

Dublin 1/3/7

Dublin 1/3/7

Market activity in Q1 2014 has been primarily focused on prime 700700 high streets and better performing shopping centres in Dublin.

600600 Prime Zone A retail rents have largely remained the same in Q1 500500 2014 from Q4 2013 and are currently at €4,000 per sq m on 400400 Grafton Street and €3,500 per sq m on Henry Street.

€ PER SQ M

We have seen positive indicators reflecting the recovery of the retail sector, retail sales have risen by 8.8% in the year to 20% 20% March 2014, continuing a trend of eight increases in the last nine months. With consumer sentiment at multi year highs, the 15%15% retail outlook is now at its most positive since late 2006. The electrical goods market has been the star performer in recent 10% 10% years and this has continued this year. The next best performing 5% 5% group includes supermarkets, clothing & footwear stores, and pharmacies. Notwithstanding some substitution between brands, 0% 0% overall sales within these areas held up well throughout the economic downturn. Finally, a third group including furniture and DIY stores saw sales fall very substantially during Ireland’s Grade A Vacancy RateRate Overall District Vacancy RateRate Grade A Vacancy Overall District Vacancy economic crisis. Year-on-year motor sales have increased by 31% and furniture sales have increased by 18.4% 25%25%

Retail Sales Index (M/M) Retail Sales Index (M/M)

150150

120 120

130130 115 115 INDEX: Q4 2005 =100

90 90

70 70

110 110

INDEX: Q4 2005 =100

INDEX: Q4 2005 =100

105 105 100 100 95 95 90 90

50 50

85 85

2014M04

2013M12 2014M04

2011M04 2011M08

2010M12 2011M04

2010M08 2010M12

2010M04 2010M08

2009M12 2010M04

2009M08 2009M12

2009M04 2009M08

2008M12 2009M04

2008M08 2008M12

2008M04 2008M08

2007M12 2008M04

2007M08 2007M12

2007M04 2007M08

2006M12 2007M04

2006M08 2006M12

2006M04 2006M08

2005M12 2006M04

2005M08 2005M12

2005M04

2005M04 2005M08

Apr 14

Jul 13 Apr 14

Oct Jul 12 13

Apr Jan 11 12

Jan Oct 12 12

Jul 10 Apr 11

Oct Jul 09 10

Apr Jan 08 09

Jan Oct 09 09

Jul 07 Apr 08

Oct Jul 06 07

Apr Jan 05 06

Jan Oct 06 06

Jul 04 Apr 05

Oct Jul 03 04

Apr Jan 02 03

Jan Oct 03 03

Jul 01 Apr 02

Oct Jul 00 01

Apr Jan 99 00

Jan Oct 00 00

Jul 98 Apr 99

Oct Jul 97 98

80 80 Jan Oct 97 97

Apr 96

30 30 Apr Jan 96 97

INDEX: Q4 2005 =100

110110

Source:CSO Source:CSO

Source:ESRI/KBC Source:ESRI/KBC All retail businesses, excluding motor tradetrade All retail businesses, excluding motor

All retail businesses All retail businesses

11

Vacancy Rate %

0 0

SQ M

SQ M

200,000 200,000

2011 Q1

% Change on Corresponding Period in Previous Year

Local

Dublin Office Take-Up vsvs Vacancy 2004 -2014 (f) (f) Dublin Office Take-Up Vacancy 2004 -2014

6 6 % Change on Corresponding Period in Previous Year

National

INCOME SUMMARY

Collection Analysis The Capital Collection generates a total rental income of â‚Ź7.3 million of which 40% is from prime Dublin offices and 60% from retail assets in Dublin.

Income Breakdown by Sector Hatch Street 18.5%

Office Income 40%

Kilmore House 21.2% Retail Income 60% Henry Street 19.3%

The rental income is diversified with no individual property representing more than 25% of the overall rental income. Kilmore House represents the largest contributor at â‚Ź1.5m or 21.2% of the total with Hatch Street and Henry Street producing approximately 18.5% and 19.3% of the overall income respectively.

Income Breakdown by Micro Sector Retail Warehouse 19% Office 40%

100%

16.00

90%

14.00 12.00

12.81

12.87

80%

11.21 10.22 High Street Retail 41%

9.50

10.00

8.22

8.01

8.00

60% 50%

6.00

40%

5.25

Income Breakdown by Property

4.00

70%

30%

3.95

20% 43/44 Mary Street 11.6%

10%

Kilmore House 21.2%

0%

Overall

Hatch Street

Henry Street

Tesco Rathmines

Nutgrove Retail Centre

Beacon South Quarter

Duke St & Dawson St

43/44 Mary Street

Office Income 40%

Kilmore House

Duke St & Dawson St 4.1%

0.00

Beacon South Quarter 7.5%

Nutgrove Retail Centre 11.7%

Duke St & Dawson St

Hatch Street 18.5%

43/44 Mary Street

2.00

Tesco Rathmines 6.0% Henry Street 19.3%

Real GNP Growth in Ireland (Y/Y)

Dublin Office

6 s Year

12

300,000

Retail Income 60%

THE CAPITAL COLLECTION

Henry Street 19.3%

The Collection offers an excellent income profile with a weighted average unexpired lease term of over 8.2 years.

WAULT Years by Property 100%

16.00

90%

14.00 12.00

12.87

12.81

80%

11.21

10.00

Years

Hatch Street 18.5%

Duke St & Dawson St 4.1%

6.00

Office Income 40%

60%

8.22

8.01

8.00

70%

10.22

9.50 11.6% 43/44 Mary Street

50% 40%

5.25 Quarter 7.5% Beacon South

30%

3.95

4.00

20% 2.00

10%

Nutgrove Retail Centre 11.7%

Kilmore House 21.2%

Duke St & Dawson St

43/44 Mary Street

Overall

Hatch Street

Tesco Rathmines 6.0%

Kilmore House

Henry Street

Tesco Rathmines

Nutgrove Retail Centre

Henry Street 19.3%

Beacon South Quarter

Duke St & Dawson St

0% 43/44 Mary Street

0.00

On an overall basis 80% of the income is generated from international tenants, 12% from national tenants and the remaining 8% from tenants we would classify as local.

Real GNP Growth in Ireland (Y/Y) 300,000

100% 4

50% -2

30% -4

50,000

2004

Source:CSO

Dublin CityInternational CBD VacanyNational Rates April Local 2014

Dublin

30%

800

This portfolio offers a combination of core and value add assets.

25% 300,000 20% 250,000

2006

0

2013 Q4 Overall

Hatch Street 2013 Q3

2013 Q2

2013 Q1 Kilmore House

Henry Street 2012 Q4

2012 Q3

2012 Q2

Tesco Rathmines

2012 Q1 Nutgrove Retail Centre

Overall

Beacon South Quarter 2011 Q4

20%

0% Hatch Street

150,000

100,000

40%

-6 10%

Kilmore House

SQ M

0 60%

2011 Q3

3.95

200,000

70%

2011 Q2 Duke St & Dawson St

8.22

80%2

43/44 Mary Street 2011 Q1

10.22

250,000

90%

2005

% Change on Corresponding Period in Previous Year

Dublin Office T

Rental Income Analysis

6

700

Dublin Office Take-Up vs Vacancy 2004 -2014 (f) 25%

600

M

/Y)

Kilmore House 21.2%

500

13

18-21 HENRY STREET & 6/8 GPO ARCADE DUBLIN 1

18

18-21 HENRY STREET & 6/8 GPO ARCADE DUBLIN 1

THE CAPITAL COLLECTION

Grafton Street Trinity College

Temple Bar River Liffey

The Property Jervis Shopping Centre Ilac Centre O’Connell Street

Parnell Street

Key Investment Considerations Occupiers include

Iconic Retail Investment Opportunity

Boots, Tiger, Vision Express & HMV

Approximately

Approximately

2,914 sq m (31,370 sq ft)

12 metres frontage

on Henry Street and GPO Arcade

onto GPO Arcade

Extensive frontage of approximately 37 metres

Passing Rent of

€1,410,000

onto Henry Street

per annum

WAULT of approximately 5.25

years

Tenants not affected 17

JONE

LAND

PORT

T RH

ES T

N

MA LL

TH

S PL RES

SH AM R

OW ST L OR IEL

PE R UP ST

OR IE L

TREET

NS S

COMM ONS S TREET

HANOV ER ST EAST

ERNE ST LOW ER ERNE S

BA

ST

GRA NT’ SR OW GR ATT AN ST

W

N’S PL

ST

PH E STE

SO UTH

RO

MO UN T

RR ION SQ EAS T

RE

ME

QU A

MO UN TS AST

RR ION S

ZW IL LOW LIAM ER ST

S GR EEN

LLE S

GAN PL AC E

STE PH E

TU PPE R

G

SQ

ST

TEP HEN ’

HO

EN OR TH

HO

ME

FIT

ST S

LN

HO LLE S

SQ UAR

LLE

ES ST E

RRI

DEN ZI

ME

KEVIN ST LO WER

T UP P E R

RLA ND S T SOU T

H CU MBE

D RO W

TLAN ST WE SQ

ME RR IO N

ME RR ION

R

P PE ST U

ON

K ST

ST

JAM

ST GRA FTON LUAS STOP

’S G REE NW EST

UTH

BOY NE

L

T SOUTH

TE P HEN

YOR

ST S O

E QUAY

BYRNE’S LN

ST SOU TH

MARK’S LN

STRE ET

SETA N TA P

T L OW

EXCISE WALK

EXCHANGE PL

AMIE

TALB OT P LAC E

MOSS ST

ESTER

ST DON

CLA RE N

DUKE S T

ST S

AUNGIER ST REET

KING

CUFFE LN

BISHOP ST

EW

MAYOR STREE

CITY QU AY

WES

O UTH

ST S

I AM

WILL

T RY S

DRU

SAU

ER

CRINAN STRAN D

CUSTOM HO US

GLOUC

LUKE ST

TOWNSEND ST PEAR SE S TR E ET

SHERIFF ST LOW

CREIGHTO N ST

ANGLESEA ST

TEMPLE LANE S

TARA ST

RIE HEN

LINENHALL PARADE

GREEN ST

EUSTACE ST

W ESTMORELAND ST

PAR

TTA BO PL LTO NS TRE ET

CONSTIT PER

HUR CH ST U P

PATRIC K ST

OW SR

PPER NEW BRIDE

ST S O UTH

POOLBEG ST

LE VIL SE

T

ER ’ P ET

RO WS OU TH

T ER S

T EA GR ST PETE R S

18

V BEA

IP SH

BULL ALLEY ST

ST U

ST

WER

Y

ANNE S

KEV IN

ST

CK

E LL

LN ROSS RD

HAWKINS ST

NAS

EXCHEQUER ST

BA

BRIDE RD

IER

COPE ST

L D’O

FLEET ST

TEMPLE BAR

S HE R

IFF S T LOWE The area is excellently serviced byR S T U C O M H USE HARBO publicT Stransport through theOLuas UR O T TALB Line, DART and all major bus Red routes. There are also a number of multi-storey car parks located in the vicinity including Jervis GEORGE’S DOC K Shopping Centre, Ilac Centre and Arnotts which ensures this location is highly accessible.

DAME LN

HIGH STR EE T

TR

CONNOLLY STATION

E F OL

QUAY BURGH

ALK

AY N QU ASTO

Transport T YS

DAME ST

T

LO

MBALLY LN

ST

SW

ST

CUSTOM HOUSE QUAY

QUAY EDEN

R

RD S DWA RD E

T ST EAS

LOR

T

LO W E

ES S E X

HE BAC

OWER Y ST L ABBE

TREET

ST WEST

Y ESSEX QUA

REET

ST

R AY LOW E ORMOND QU Q UA Y GTON WELLIN

PPER QUAY U

Y

LOWER

CHARLES

D STRAN GREAT

OTTS TH L NOR

T LIFFEY S

Y

Y ST LUAS STOP

S ABBEY

GH BOROU

T

T STREE

K ST

A WOOD QU

AY

ABBE MARY’S

D SQ ORMON

D ORMON

S QUAY

CAPEL

ARRAN ST EAST

G REE Y ST CHANCER

BBE UPPER A

MIDDLE

T

ELL S

NORTH E’S ST PRINC

JERVIS SHOPPING CENTRE

EARL S

N O’CON

ST

TONE S

JERVIS

Y ST

ARNOTTS

MARL

PPER

T

NORTH

H EN R

OYCE ES J JAM

T LO

E ET U

E LN

S RE

THE PROPERTY

ST MARY

REE

TR ELL S

MOOR

RE

O MO

ST

W AY RAIL

T ER S DI N

T

L EL RN

ET

GAR

S WE

LN

WOLFE

BERESFORD ST

LN

NN O’CO

SQ

CK NI

WE R

ILAC CENTRE

MARY’S LANE

HANT'S QU

LO

PA

CUC K O O

ER UPP T ST T O M DER MAC SEAN

L EL

UTIO N HI LL

ST

RE ET

OC K

ET RE ST

I CK ER

ST

MI DO

G ST KI N

ANNE ST NORTH

NORT H

G’S INN ’S S T

RN PA

KIN

DO MI NI CK

E

ST RA ND R

EMP

L HIL

R Erear GPO Arcade is a covered retail arcade linking Henry Street to Prince’s Street North, at the of the General Post Office on O’Connell MM SU Street. This is a busy retail arcade which incorporates occupiers such as Clarks, JD Sports, Subway and Specsavers.

HEN RIE TTA ST

AV

AV E

LI ME ST

ADI SE PL

LL HI

ED FR

S LE VIL

NO R

ST

HAR

PRIMRO

DW ICK E

SE ST

AUBURN ST

E

H RT

EN GR

LE

CH AR L

DU NN

M SU

RS ME

QW

H RT NO

YS T JO UN MO

ST

NO

O Y ST

I EW

ES VIL

N

RTH

E RL

LE S C SIN Henry Street is a highly sought LA commands high levels of footfall. Numbers 18-21 are situated in the GTO after prime retail high street which RP WELLIN N E ST QS ON ST U IN middle of HenryGTStreet, entrance to the Ilac Centre, in close proximity to a number PPER adjacent to Arnotts Department Store YS RD and opposite the TJO GA N U MO of international high street stores and major department stores such as Debenhams and Dunnes.

FONTE N T

WESTERN WAY

BA YV

LE

SQ

C EA T GR

CH AR L

IL EV

N SL

MO

NO T

AD RO

BA L

ND S

HMO

T

RLE

E

Y TJO UN

B

MO

R PPE TU

AVE

EM

E PL

PRIMROSE

A DE

N

GH

GAR D

OA D

ST N ORTH

LOW D ST

SHE RRA R

RUSS TS

CHA

NO

T Q T YS SS O Arcade.

The property enjoysOSEP a Rpivotal retail pitch on Henry Street and GPO JO T T N A T U H H’S PA

SP R ING

AV E

N RIC

ET

DO RS

LY BO U

ER

RS ET ST UP P

DO

R

ST RE ET L

OW E

LEO ST

E LL S T

ER

KILLARNEY

GOLDSM

P HI B

ITH ST

BERKELEY RD

ST

T

ME

EC

T NS BO B I ZG FIT

EM

R DE

E LAC EP ER

NEL SON

D LVE

LVI BE

CL ON LIF FE

E AV LE

R

BE

ROYAL CANA L BANK

TLAN D PL

VIL CK SA

RD

ST J

AR

R ER SH

S ER DIN

D YR ELE

LES STR EET

PPE TU DS

GA R

K BER

RD

E ER

ECC

Location GERALDIN E ST

POR

D LVI

LACE

PHIBSBOROUGH

PARAD E

18-21 HENRY NORTH CIR STREET & 6/8 GPO ARCADE CULAR ROA D DUBLIN 1

BE

S BOROUGH RD

PR

INNISF ALLEN

OAD

’ S RO AD

IFFE R

LOW

N ’S

LN

ER

HO GA

THE CAPITAL COLLECTION

Description 18-21 Henry Street consists of four mid terraced buildings on the south side of the street. The buildings provide a substantial block of retail accommodation with excellent frontage on to Henry Street totalling 37 metres. The entire block of properties comprises a mix of part 3 / part 4 storey over basement buildings. Each unit provides own door access at street level with high quality retail accommodation at ground floor and additional retail, storage and ancillary uses over basement and upper floors.

6/8 GPO Arcade comprises a two storey building which is laid out to provide retail accommodation at ground floor level with offices and storage at first floor level. The retail unit has own door access onto the retail arcade providing good frontage of approximately 12 metres.

A key feature for the entire property is the large service yard at the rear, which is shared by each of the tenants and provides first class access for deliveries from Prince’s Street North.

19

18-21 HENRY STREET & 6/8 GPO ARCADE DUBLIN 1

Tenancy Schedule Demise

Tenant

Area sq ft

Passing Rent

Term

Lease Start

Lease End

Break Date

Rent Review / Repairing

18 Henry Street

HMV Retail Limited

8,696 ITZA 910

€310,000 + T/O top up

4 years 5 months

27/08/2013

31/01/2018

-

FRI lease

19 Henry Street

Vision Express UK Limited

7,742 ITZA 891

€460,000

20 years

08/11/2004

08/11/2024

08/11/2019

5 yearly UORR, FRI lease

20 Henry Street

Boots Retail (Ireland) Limited

5,114 ITZA 753

€445,000

35 years

01/01/1986

01/01/2021

-

5 yearly UORR, FRI lease

21 Henry Street

Stars & Stripes Limited

3,628 ITZA 505

€140,000

35 years

05/11/1985

05/11/2020

-

5 yearly UORR, FRI lease

6/8 GPO Arcade

Tiger Ireland Limited

6,190

€55,000**

15 years

01/10/2013

01/10/2028

01/10/2017

5 yearly FRI lease

31,370

€1,410,000

Total

* The above floor areas are indicative, full measured surveys will be available on the data site. **Lease details will be confirmed at a later stage, following receipt and review of the original lease documentation, this is provisional information only.

Covenant Information Boots Boots Ireland is a leading pharmacy led health and beauty retailer with 74 Boots Ireland stores and just over 2,000 employees. The company has a D&B credit rating of 5A2, based on tangible net worth of €75,899,863.

Vision Express UK Limited Vision Express currently have 8 stores in the Republic of Ireland and through sister companies it is part of Europe’s largest optical retailer. The company has a D&B credit rating of 4A1, based on tangible net worth of €19,067,000.

Tiger Ireland Tiger Ireland operates 8 stores within Ireland. Tiger was established in 1995 and is a recognised brand with over 100 stores across Europe.

Title The property is held part Freehold and part Long Leasehold.

BER Certificate BER No. 800029415 - 800288821 BER Rating: C1 - F

20

F

20 ON HATCH, HATCH STREET DUBLIN 2

20 ON HATCH, HATCH STREET DUBLIN 2

THE CAPITAL COLLECTION

St Stephen’s Green

Government Buildings

Iveagh Gardens Harcourt Centre Concert Hall Iveagh Court Earlsfort Centre

The Property

Fitzwilliam Square Hilton Hotel

Key Investment Considerations

Well located office block in the

heart of Dublin 2

Modern internal specification extending to approximately

4,125 sq m (44,400 sq ft)

17 underground

WAULT of

3.95 years

car spaces

Passing Rent of

Tenants include

€1,351,591 per annum

Metlife & Covidien

Tenants not affected 23

SAMUEL BECK ETT BRIDGE

EY RD

BLOOD STON

QUAY

BARROW S TREET

GRAND CAN AL N

CE

PL A

IAM

WI

AN

CL

LA CE

YP L

NP

PE RC

NS

LE

N PA

TR

RK

A VE

K ROO THB NO R

PE R

ER LOW

AN PI

WA

ES ON

STR EE TU

PP ER

RAGLAN LN

RAGLAN

RD D CLY

LN DE

WELLINGTO N PL

Y

AD RO

AS ANT AVE

AG

ELGIN RD

DE R CL Y

WELLIN GTON L N

N TO MP HA RE MO

MOUNTPLE

EL

WELLIN GTON RD

BURY L N

HEYTES

WATE RL

R

O LEES

RD

WATE RLOO LN

D

NR BU RL ING TO

RE

PPE

LN

M

ST

ET U

OA D

PEMBRO KE

PE

SS EX R

N SO

A NT

CHA

BE

Y ROAD

LA

PEMBROK

SU

LE E

D ROA OUTH

RA N

D OA

ASGARD RD

FORBES ST

E

CARDIFF LA N

PEARSE SQ

WA RR IN GT O PL

Q

RB

HE PL

TON

D ROA PIL S E M

Ranelagh

RUG

NEW WAPP

GUILD

EXCISE WALK

EL

N’S PL

PH E

HE RB ER TS

LN LAD WIL

TON

ER TP LA CE

PPE R

ST U IAM FIT ZW ILL TR

STE

RR ION SQ EAS T ME AST

JAM

FIT

STR EET LOW ER

KE BO R

PE M WIL

OAD Y’ S R

D

SAI

TR

AR NT M

K

SFOR

D ROA

PAR

H

TON ING ADD

L

EA S

ER

ER

GRA The area is very well serviced ND STE CAN PH E N ’S by public transport, frequent AL S LN TU PP bus services run from adjoining ER Leeson Street and the Harcourt Luas Stop is located 450 metres west of the property. Pearse Street N YL DART Station is also located within RC PE walking distance.

R OA

TON

ADE PA R

mines D

RD O

E OWN NSD LA

WIL

NORTHBROOK AVE

OA

BY R

GO

TL OW ER

ND RLA MBE

D

NP

OAD GH R ELA RAN

PL UNT MO

PRICE’S LN

SO U

E ROAD

SQ N

OOK THBR N OR

RINGSE N

T HU

DR

SO

ET

OUTH

HORSE FAIR

RIDGE

NOR

LAN

LEE

E TR TS EN

ND GRA

TM DAR

NR STO RLE A H C

AL S

L

ER

AP

G

LOW

CA N

ON P

ER

EM

PL ONT

M DART

R N TE STA ULI

ST

A H ON B

GT DIN HAD

OW

MB

ND

Transport

R WE LO

TL EE

EARL

BA

CU

GR A

QUAY

LL

LN

ET RE

N

NL

L AR

UR T T R HARCO

CH

RLEM CHA

CHA RLEMONT MALL

ROAD LOW

IAM

ST

SO

STR

ER

LO W

ADELAIDE ROAD

RATHMINES

ILL

SO UTH

ZW IL LOW LIAM ER ST

ZW

RE

N A VE

W

MO UN T

ES ST E

R

ST U

ON

FIT

ON

T HATCH S TR EE

PPER

PL HA TCH

24

QU A

OT GG

LEE

S LEE

THE PROPERTY

HATCH STREET U

OW

S GR EEN

T TER RACE

TEP HEN ’

RRI

NR

ME

RI O

ST S

CUFFE LN

ST S

RK

RR ION S

P PE

’S G REE NW EST

ME R

TE P HEN

K ST

ME

RO

HO GA

MACKEN STREE T

LLE S

GAN PL AC E

LO V

HO

LUAS STOP

YOR

BYRNE’S LN

ERNE ST LOW ER

HO

LN

GRA NT’ SR OW GR ATT AN ST

LLE

MA

HANOVER QU

MACM

ER N E S

ST

OO RO AD

OWE ET L R

DEN ZI

MISERY H ILL

T UP P E R

RLA ND S T SOU T

BOY NE

KILD ARE S T

STREET

DAWSON

GRA FTON

ST

CLA RE N

H CU MBE

TLAN WES

ST

DON

T H ST

SOUTH

LI ME ST

HANOV ER ST EAST

MARK’S LN

SIR JOHN R OGERSON’S

CY

PEAR SE S TREE T

O UTH

ST S

T

I AM

RY S

WILL

DRU

AU N GI ER

CO

EXCHANGE

TOWNSEN D STREE T

...with frontage onto Hatch ST EXCHEQUERdual NAS Street and Hatch Lane.

SAU TREhigh The immediate surrounding area isSa ET profile office location within walking distance of St Stephen’s Green, Iveagh Gardens and Fitzwilliam Square. DCommercial occupiers in the immediate UKE ST SETA N TA P L Barclays Bank surrounding area include Eversheds, Deloitte, STEP HEN S MOLES TRand The Office of the Ombudsman.

A WOR NNE ST E

AUNGIER ST REET

ST SOU TH

20 on Hatch is located on the south side of Hatch Street, Dublin 2...

T

SQ

ESTER

CREIGHTO N ST

W ESTMORELAND ST

COPE ST

GLOUC

Docklands

E QUAY

CITY QU AY

D RO W

STREET

DAME LN

Location ANGLESEA ST

TEMPLE LANE S

DAME ST

FLEET ST

TEMPLE BAR

POOLBEG ST

ET LOWER

CUSTOM HO US

GEORGE'S QUAY

ST

UA Y

HAWKINS ST

T ON Q LLING

AY

IER

N QU ASTO

L D’O

H BAC

O W ER

EUSTACE ST

CUSTOM HOUSE QUAY

QUAY EDEN

ER

LOWER

ND ST

ND QUAY L

AS T

OTTS TH L NOR

ER

20 ON HATCH, HATCH STREET QUAY BURGH ALK W DUBLINEL2ORS

LUAS STOP

RA EAT ST

OW Y ST L ABBE

MOSS ST

ST ABBEY MIDDLE

T LIFFEY S

Y ST

TH

T LO W S T R EE

JERVIS STREET SHOPPING CENTRE

R ST NO

LUKE ST

E ’S PRINC

TARA ST

ARNOTTS

L NNEL

ST MARY

H

O

OA HR UG

D

H

RT BE ER

PA

RK

THE CAPITAL COLLECTION

Description

Typical Floorplan

20 on Hatch is a 6 storey over basement modern office building of approximately 4,125 sq m (44,400 sq ft). The property comprises a central reception area and six floors of modern office accommodation over a basement car park, which is accessed off Hatch Place to the rear of the building.

W/C Lift No. 1

Lift No. 1

W/C

AOV

Lift No. 3

Lift Lobby

W/C

Lift No. 2 Lift No. 3

W/C

W/C

W/C

Lift No. 2

Lift Lobby

AOV

The office accommodation is bright and spacious with a modern specification. Each floor has a common area, finished to a high standard and containing 3 passenger lifts and WC facilities. The individual floors have been fitted out by the tenants to a modern standard. Specification includes raised access flooring with carpet and ceramic tile finishes, plaster and painted walls and floor to ceiling glazing allowing for maximum natural light. Artificial lighting is provided in the form of recessed spot lights. The building is serviced by an air conditioning system.

25

20 ON HATCH, HATCH STREET DUBLIN 2

Tenancy Schedule Demise

Tenant

Area sq ft (car park spaces)

Passing Rent

Term

Lease Start

Lease End

Break Date

Rent Review / Repairing

Part Ground

MetLife Europe Services Ltd

5,975 (2)

€182,263

5 years

14/03/2014

14/03/2019

-

N/A IRI Lease

Part Ground

Vacant

506

-

-

-

-

-

-

First

Covidien PLC

8,435 (3)

€263,550

10 years

09/04/2010

09/04/2020

09/04/2015

5 yearly IRI Lease

Second

MetLife Europe Services Ltd

8,357 (3)

€255,532

5 years

14/03/2014

14/03/2019

-

N/A IRI Lease

Third

MetLife Europe Services Ltd

8,266 (4)

€255,847

5 years

14/03/2014

13/03/2019

-

N/A IRI Lease

Fourth

MetLife Europe Services Ltd

8,682 (2)

€262,119

5 years

14/03/2014

14/03/2019

-

N/A IRI Lease

Fifth

MetLife Europe Services Ltd

4,179 (3)

€132,281

5 years

14/03/2014

14/03/2019

-

N/A IRI Lease

44,400 (17)

€1,351,591

Total

* The above floor areas are indicative, full measured surveys will be available on the data site.

Covenant Information Metlife Metlife is an international company specialising in providing insurance, annuities and employee benefit programs. Metlife established its head office in Dublin in 2002. The Dublin Head Office allows Metlife to operate its subsidiaries in 20 European countries.

Covidien Covidien is an international healthcare products supplier and a manufacturer of medical devices and supplies. Covidien’s headquarters are in Dublin and the company distributes its products worldwide. In 2012 Covidien had a net income of $1.9 billion

Title The property is held Freehold.

BER Certificate BER No. 800288862 BER Rating: C2

26

KILMORE HOUSE, SPENCER DOCK DUBLIN 1

29

KILMORE HOUSE, SPENCER DOCK DUBLIN 1

THE CAPITAL COLLECTION

Aviva Stadium Google HQ

Grand Canal Dock Railway Station

Bord Gais Energy Theatre

Grand Canal Square State Street Mathesons

McCann FitzGerald

BNY Mellon

O2

Central Bank Building PWC

The Convention Centre Dublin

A&L Goodbody

The Property

The Spencer Hotel Commerzbank House

Guild House

Key Investment Considerations Modern third generation office block extending to approximately

Interest is held in a structure allowing rental income to be split with two other parties, with an entitlement to

10,281 sq m (110,667 sq ft)

33% of the rental income forming part of this sale

Located adjacent to the

Multi let with current tenants

National Convention Centre

Credit Suisse (ABN Amro), PWC and Ecclesiastical Insurance

WAULT of

Producing a total passing rent of

10.22 years

â‚Ź4,690,195 per annum Tenants not affected 29

E ROAD

D UBLIN

Fairview

AV

E

K

BY RN ER OA D

AV E

RO

W

AV E

R EY

D

T RD

WES

OA D

DU NN

LE

VIE W

OA D

AVE

RD

RD

FO R

MA

TH

OL

East Wall

TR

HIO L

W RO

RO CK

UIR

CH UR CH R

D

ST RA ND R

TH

NO R

O

ND

S PL RES

E

...in the IFSC, set back from the River Liffey. Kilmore House is immediately bounded by PWC’s HQ, One Spencer Dock to the south and the National Convention Centre to the West. The IFSC is a vibrant commercial hub and surrounding uses are mainly office, with a number S SH of residential apartment blocksSORand retail at ground floor level.

AM Y

LA RT PO

EMP

L

AL L

O

ST RA ND LO BE WE VIL SS R BO LE RO AV UG E HA VE

IL EV

ES T

A

AV E

N ST Situated between North Wall Quay and Mayor Street Lower, the property is located in EA CH ST M50 R WA the Spencer Dock scheme...

LL S A M R

BA RG

YR Corporate occupiers in the immediate vicinity include PWC, the National Convention Centre, D A&L Goodbody solicitors, BNP Paribas and AON Insurance. The nearby Central Bank building is to be completed shortly.

RS

PRO

QUAY GRAND CAN AL

G

RD

ST EA

AD

L RO

EAS T

EAST LINK BRID GE BENSON ST

NS

T

GRA ND

CAN AL S TU PP ER

RO

AD PE MB R

SOUT H

E AC PL IAM LL WI

AN CL

RD O

PENRO SE ST

AD

BARROW S TREET

N

EL LO V

YP L

LA CE

NP RI NG TO

SQ

GO

JOY ST

MACKEN STREE T

LN

PE RC

STE

PH E

N’S PL

RR ION SQ EAS T ME

GRA NT’ SR OW GR ATT AN ST

N ’S

R

JAM

ES ST E

AST

ZW IL LOW LIAM ER ST

FIT

ER

WN

SOUTH D OCK ST

Irishtown IDGE R LONDONBR

O

T EE T STR EE KE TR

TL OW ER

T

D ROA

UP PE

AL S

BRIDGE S GS ST

O WN

ST

STE PH E

LOW

CA N

HASTIN

HS

ST

ND

RINGSE ND ROA D

T BA

MO UN T

GR A

RIDGE

D

BATH AVENUE HAVELOCK SQ

30

NT

W

N A VE

A H ON B

TOLL B RIDGE

VAVASOUR

BA

MO U

RO

HO GA

EAST

IRISH T

SO UTH

LLE S

GAN PL AC E

BLOOD STON

ASGARD RD

FORBES ST

PEARSE SQ

BYRNE’S LN

MACM

ERNE S ST

HO LLE S

HO

RE

HO

GREEN ST

O HT

LN

HORSE FAIR

S IRI

LLE

QUAY

HANOVER QUAY

T UP P E R

RLA ND S T H CU MBE

D RO W

TLAN

SOU T

ST

QUAY

EY RD

SIR JOHN R OGERSON’S

CARDIFF LA NE

LI ME ST

CREIGHTO N ST

NORTH WALL

I LL

DEN ZI

WAL

NEW WAPPI NG ST

Docklands

MISERY H

BOY NE

ET UPPER

MAYOR ST UPPE R

SAMUEL BECK ETT BRIDGE

E QUAY

HANOV ER ST EAST

S LN

PARK LN

GUILD STREET

T LOWER

EXCISE WALK

CUSTOM HO US

ST

SHERIFF STRE

THE PROPERTY MAYOR STREE

CH

ROAD

CRINAN STRAN D

COMM ONS S TREET

EXCHANGE PL

CH UR ER

The Luas Red Line stop at Spencer Dock is less than 50 metres from the property with the Docklands train station approximately 300 metres away, providing commuter rail services. Other public transport options include numerous bus routes and Dublin Bikes. Dublin LUAS STOP Port Tunnel is also located nearby, providing speedy access to Dublin Airport.

EA ST WALL

SHERIFF ST LOW

D

LOTT S RO

HARBOUR

ROA

Transport

CASTLE FOR BES RD

ST

UP

C HURCH R

OR IE L

REET

CUSTOM HOUSE

ADE

WR

BO TH A

MEN

ST L OR IEL

PE R

E RD

E AC PL

KILLAN

LE V IL SE

CONNOLLY STATION

SOUTH

N

D’S

NO RT HB RO O

AR

FIE

AV E

BR IGI

PL

AL

LE

T

RO

I EW

ES VIL

ST

PO

RS TN

BA L

T

Location

BA YV

HA MS

AN D

CH AR L

ING

LE INS TE R

SP EN CE

AD RO

T

AD

NO TT

EN S

ST R

E AV LE

GH

GAR D

NO RT H

VIL CK SA

LY BO U

RIN G

AV E

EL TUNN

LIF FE

Y QUAY

QU A

PORT

KILMORE HOUSE, SPENCER DOCK CL DUBLIN 1 ON SP

CRANFIELD P

L

ROAD

D

THE CAPITAL COLLECTION

Description

Typical Floorplan

The property comprises a modern third generation office block completed circa. 2007. The building is of steel frame construction with mass infill concrete and has an attractive glazed façade. Extending to approximately 10,281 sq m (110,667 sq ft) NIA, the property is well laid out on seven stories over basement with large floor plates.

There is an impressive manned reception on the ground floor with waiting area, finished to a high standard. The floor plates are “U shape”, arranged around an attractive central courtyard and provide flexible bright accommodation. The lift foyers on each floor are tiled and finished to a good standard with male and female toilet accommodation on each floor.

Specification General • Four x 17 person passenger lifts accessing all floors • Dedicated goods lift • Impressive marble tiled reception area • High quality toilet fit out • Attractive landscaped internal courtyard Office Space • Four pipe fan coil air conditioning • Suspended ceilings • Raised access floors

31

KILMORE HOUSE, SPENCER DOCK DUBLIN 1

Tenancy Schedule Demise

Tenant

Area sq ft (car park spaces)

Passing Rent

Term

Lease Start

Lease End

Break Date

Rent Review / Repairing

Lwr Ground, 3rd-7th Floors

ABN Amro/ formerly Fortis Property Holding (Ireland) Ltd

73,639 (40)

€3,539,000

20 years and 7 days

01/04/2007

01/04/2027

31/03/2024

5 yearly UORR/FRI

Lwr Ground, Part Ground, 2nd Floor *(1)

PWC

20,002

€1,016,285

25 years

06/04/2007

06/04/2032

-

5 yearly UORR *(2)

Part 1st Floor

Ecclesiastical Insurance

5,996

€134,910

10 years

19/04/2012

19/04/2022

18/04/2017

5 yearly IRI lease

Part 3rd Floor Office

Vacant

6,003 (3)

-

-

-

-

-

-

Ground Floor Retail

Vacant

5,027

-

-

-

-

-

-

110,667 (43)

€4,690,195 *(3)

Total

* (1) Subject to two separate leases, on similar terms with differing repairing obligations * (2) Subject to specific provisos * (3) Interest held jointly with two other parties, with 33% of total income forming part of this sale * The above floor areas are indicative, full measured surveys will be available on the data site.

Covenant Information

Title Long Leasehold, with an entitlement to 33% of the rental income.

ABN AMRO ABN AMRO Bank N.V. have a Dun and Bradstreet rating of 5AA1, indicating the minimum credit risk and almost the lowest risk of business failure (95/100).

PWC PWC is the largest professional services firm in Ireland, offering a broad range of services across audit, tax and advisory and employing 2,800 people across Ireland. With a Dun and Bradstreet failure score of 100 out of 100, it indicates 0% of businesses in Ireland have a lower risk of failure.

Ecclesiastical Insurance Ecclesiastical Insurance are a British owned business with group assets of over £1.5 billion and net assets of over £300 million with around 175,000 customers across the globe. Their operations in Ireland are on an all-Ireland basis with the exception of some Northern Ireland servicing and support coming from the UK. Ecclesiastical Insurance celebrated 30 years in business in Ireland in 2010.

32

BER Certificate BER No. 800053779 - 800289159 Rating: B2 - D1

43/44 MARY STREET DUBLIN 1

35

43/44 MARY STREET DUBLIN 1

THE CAPITAL COLLECTION

Busáras

O’Connell Street

Henry Street

Ilac Centre

Parnell Street

The Property

Jervis Shopping Centre

Key Investment Considerations

Exceptional High Street Retail

5A1 Rated

Investment Opportunity

Covenant Strength

Regular shaped unit with

Contracted Rent of

extensive frontage of approximately 11 metres

€845,235 per annum

Mary Street benefits from

WAULT of approximately

high footfall levels

11.29 years

Tenants not affected 35

JONE

T

BA L

ND S

HMO N RIC

N ES T

DU NN

ST RA ND R TH NO R

OC K

OW ST L OR IEL

PE R UP ST

OR IE L

TREET

COMM ONS S TREET

HANOV ER ST EAST

ERNE ST LOW ER ERNE S LN

LLE S

ME

ZW IL LOW LIAM ER ST

N’S PL

PH E

ST

MO UN TS

STE PH E

TU PPE R

G

SQ

FIT

BA

STE

SO UTH

W

MO UN T

RR ION SQ EAS T

RE

ME

QU A

AST

RR ION S

RO

GAN PL AC E

GRA NT’ SR OW GR ATT AN ST

HO

EN OR TH

HO

ST

SQ UAR

LLE

ES ST E

R

P PE ST U

ON RRI

DEN ZI

HO LLE S

ST SQ

ME RR ION

ME RR IO N

ME S GR EEN

T UP P E R

RLA ND S T SOU T

H CU MBE

D RO W L

WE

ST

TEP HEN ’

ST

JAM

ST GRA FTON

ST S

BOY NE

BYRNE’S LN

ST SOU TH

TLAN

ST DON

CLA RE N ’S G REE NW EST

ST S

KEVIN ST LO WER

E QUAY

LI ME ST

ESTER

MARK’S LN

T SOUTH

TE P HEN

K ST

T L OW

EXCISE WALK

EXCHANGE PL

MAYOR STREE

CITY QU AY

GLOUC

LUAS STOP

ER

CRINAN STRAN D

CUSTOM HO US

STRE ET

SETA N TA P

TR

SHERIFF ST LOW

NS S

AMIE

TALB OT P LAC E

TOWNSEND ST PEAR SE S TR E ET

SH AM R

S HE R

IFF S T LOWE The area is excellently serviced byR S T U C O M H USE HARBO publicT Stransport through theOLuas UR O T TALB Line and all major bus routes.

Red Taxi ranks nearby and multi-storey car parks located in the vicinity including Jervis Shopping Centre, GEORGE’S DOC K Ilac Centre and Arnotts which ensures this location is highly accessible to all.

WES

O UTH

ST S

I AM

WILL

T RY S

DRU

AUNGIER ST REET

UTH

OA D

ST N ORTH

LAND

PORT

RUSS

S PL RES

CONNOLLY STATION

E F OL

MOSS ST

RIE

MA LL

CREIGHTO N ST

ANGLESEA ST

TEMPLE LANE S

W ESTMORELAND ST

ADI SE PL

PAR

TTA BO PL LTO NS TRE ET

HEN

GREEN ST

ST

Transport T YS

LUKE ST

DW ICK E

HAR

PRIMRO

EUSTACE ST

POOLBEG ST

TARA ST

ST

SE ST

AUBURN ST

LINENHALL PARADE

PATRIC K ST

NEW BRIDE

ST S O UTH

LY BO U

ER LOW D ST

SHE RRA R

DO

R OW E

ST RE ET L ET

ST

NEL SON

PHIBSBOROUGH UTIO N HI LL

CONSTIT PER

HUR CH ST U P

EW

CUFFE LN

BISHOP ST

YOR

ST S O

E

LE VIL SE

OW SR

PPER

KING

AV

AV E

LE

DUKE S T

LE

T ER S

SAU

I EW

ES VIL

V BEA

ST

T

ER ’ P ET

PETE R S

IL EV

EMP

OYCE ES J JAM

T EA GR ST

RO WS OU TH

T

WER

ST

IP SH

BULL ALLEY ST

36

HAWKINS ST

Y

ANNE S

ST U

IER

CK

E LL

LN

KEV IN

L D’O NAS

EXCHEQUER ST

BA

MBALLY LN

ST

FLEET ST

BA YV

CH AR L

DAME LN

HIGH STR EE T

ROSS RD

CH AR L

DAME ST

T

LO

BRIDE RD

TH

QUAY BURGH

ALK

AY N QU ASTO

COPE ST

GH BOROU

SW

TEMPLE BAR

OR TN

CUSTOM HOUSE QUAY

QUAY EDEN

R

RD S DWA RD E

T ST EAS

LOR

T

LO W E

ES S E X

HE BAC

OWER Y ST L ABBE

TREET

ST WEST

Y ESSEX QUA

REET

ST

R AY LOW E ORMOND QU Q UA Y GTON WELLIN

PPER QUAY U

Y

LOWER

CHARLES

D STRAN GREAT

OTTS TH L NOR

T LIFFEY S

Y

Y ST LUAS STOP

T

ELL S

T

T STREE

K ST

A WOOD QU

AY

ABBE MARY’S

D SQ ORMON

D ORMON

S QUAY

CAPEL

ARRAN ST EAST

G REE Y ST CHANCER

BBE UPPER A

S ABBEY

EARL S

N O’CON

ST

TONE S

NORTH E’S ST PRINC MIDDLE

MARL

PPER

T Y ST

JERVIS SHOPPING CENTRE

M SU

RS ME

L HIL

E ET U

E LN

S RE

NORTH

ARNOTTS

TH OR

W AY RAIL

T LO

TR ELL S

MOOR

O MO

ILAC CENTRE

ST MARY

R

REE

T

RE

E MM SU

T ER S DI N

S WE

NN O’CO

SQ

ST

H EN R

JERVIS

WOLFE

BERESFORD ST

LN

CUC K O O

ER UPP T ST T O M DER MAC SEAN

L EL

LN

THE PROPERTY

L EL RN

ET

N ST

GAR

RN PA

CK NI

WE R

PA

MARY’S LANE

HANT'S QU

LO

N SL

ST

ET RE ST

I CK ER

LL HI

ED FR

RE ET

GH

GAR D

NO T

AD RO

E

H RT

MI DO

G ST KI N

ANNE ST NORTH

NORT H

G’S INN ’S S T

ST

ES RL HA TC

SP R ING

AV E

QW

H RT NO

NO

KIN

DO MI NI CK

EA GR

SQ

ST

YS T JO UN MO

E PL

TE U E ...at the centre of one of Dublin’s premier high street M shopping districts.

MO PRIMROSE AVE E BLE The building is located adjacent to Penneys and directly opposite the C SSIN LA G TO RP N ST ELLING Shopping Centre.

S entrance to WJervis Mary Street is home to two NE major TON ST I SQ D UPPE R JOY AR T G N shopping centres with Jervis Shopping Centre and the Ilac Centre located OU M FONTE NOY ST T ES in close proximity to the subject property. The area hosts numerous national LL I V N WESTERN WAY and international retailers including; Marks & Spencer, River Island,GREH&M, Forever 21, Next, New Look, Topshop and Penneys.

HEN RIE TTA ST

TS

QN

RLE

YS JO NT

Y TJO UN

R PPE TU

H’S PAR AD

E LL S T

ER RS ET ST UP P

KILLARNEY LEO ST

GOLDSM

P HI B

ITH ST

BERKELEY RD

DO RS

T

ME

R DE

EM

LV

CHA

S ER DIN

T JO SEP

B

T NS BO B I ZG FIT

MO

ROYAL CANA L BANK

E LAC EP ER

RD

D LVE EC

A IN I TMary Street occupies a prime position...

43/44 E S GER LD ES

CL ON LIF FE

E AV LE

R

BE

AR

R ER SH

PPE TU DS

GA R

D YR ELE

LES STR EET

TLAN D PL

VIL CK SA

RD

ECC K BER

Location

POR

E ER

LACE

PARAD E

D LVI

43/44 MARY NORTH CIR STREET CULAR ROA D DUBLIN 1

BE

S BOROUGH RD

PR

INNISF ALLEN

OAD

’ S RO AD

IFFE R

LOW

N ’S

LN

ER

HO GA

THE CAPITAL COLLECTION

Description The property comprises a high profile 3 storey mid terraced building extending to approximately 1,159 sq m (12,472 sq ft).

The building offers own door access at street level with high quality retail accommodation on the ground and first floor level and storage / ancillary accommodation at second floor level.

The property benefits from excellent frontage of approximately 11 metres onto Mary Street. The building is fitted out to a high specification and is currently let to JD Sports. There is also an ATM let to Allied Irish Bank Plc situated at ground floor level.

Schedule of Accommodation Floor

Use

Area sq m

Area sq ft

Ground

Retail

414

4,456

First

Retail

380

4,091

Second

Ancillary / Storage

365

3,925

Total

1,159

12,472

ITZA

131.92

1,420

* The above floor areas are indicative, full measured surveys will be available on the data site.

37

43/44 MARY STREET DUBLIN 1

Tenancy Schedule The entire building excluding the ATM area is let to John David Sports Fashion Plc for a term of 25 years from 1st January 2001 on a full repairing and insuring lease at a current rent of €820,000 per annum subject to 5 yearly upward only reviews.

The ATM on the ground floor is let to Allied Irish Bank Plc for a term of 15 years from 8 September 2000 at a current rent of €25,235 per annum.

Covenant Information JD Sports Fashion Plc JD Sports Fashion Plc is a long established leading multiple retailer of fashionable branded and own brand sports / casual wear. The brand has over 400 stores and employs more than 17,000 people. The company has a D&B rating of 5A1 based on Tangible Net Worth of £155,436,000.

Allied Irish Bank Plc AIB Plc was incorporated in Ireland in September 1966. The bank is 99.8% owned by the Irish Government (NPRFC) and it is considered as one of two “pillar” banks which provide services to the Irish economy. The company has a D&B rating of 5A based on Tangible Net Worth of €11,053,999,421.

Title The property is held Long Leasehold.

BER Certificate BER No. 800288961 BER Rating: C3

38

11/12 DUKE STREET & 52 DAWSON STREET DUBLIN 2

41

11/12 DUKE ST & 52 DAWSON ST DUBLIN 2

THE CAPITAL COLLECTION

O’Connell Street

Trinity College

Grafton Street

The Property

Government Buildings St Stephen’s Green Mansion House

Key Investment Considerations

Prime Restaurant

Dual frontage

city centre location

onto Dawson Street & Duke Street

Excellent

Modern internal specification

public transport services

Entire property extends to approximately

WAULT of

12.81 years

575 sq m (6,193 sq ft)

Total Passing Rent of

€300,500 per annum

Tenants not affected 41

NO R

RD

TR

ER LOW EET

OT ST

ER

OW ST L

PE R UP

S T LOWER

CUSTOM HOUSE

ST

ST

SHERIFF

E AC PL

CONNOLLY STATION

OR IEL

T ER S

LE V IL SE

ST

ST EY F OL

TALB

OR Y

ER LOW

OYCE ES J JAM

STR

E ET U

LN

TR ELL S

CK NI

S

T EE TR

MOOR

MI DO

Dublin ER

INER

R

EE TL Location OW

G’S INN ’S S T

M SEAN

D GAR

NN O’CO

ST

W AY RAIL

ER UPP T ST T O ER M AC D

SS

OC K

V BEA

ST EA

AP BO L LTO NS TRE ET

SQ

ST WE

KIN

DO MI NI CK

R PA

SH AM R

OR IE L

L EL

UP PE R

T ST

TREET

ADI SE PL

PAR

RN PA

Q LS EL RN

ET

MOT DER MAC N A SE

W RO

ST

ET RE ST

I CK ER

LL HI

ED

11/12 DUKE ST & 52 DAWSON ST ET P T RE DUBLINA 2 LL S NE

R

S PL RES

O

FR

E MM SU

EMP

L HIL

ND LA

ST LE VIL N E GR

H RT

ST

HARBOUR

COMM ONS S TREET

I

S

GUILD STREET

NS S

HANisOVserviced by The property ER ST EAST excellent public transport. Dublin MISERY H ILL Bus services stop at multiple points on Dawson Street and the Luas Green Line is situated 500 metres south of the property at St Stephen’s Green. The construction MACM BOY A H ON B Nnew of the E ST Luas Cross City Line is now underway. This new infrastructure, which will connect Broombridge in north Dublin City to DEN HO GA ZIL N A VE LE HO have a stop LN St Stephen’s Green will GAN PL on the northernHOend AC LLE of Dawson E SR O W Street, significantly increasing GR pedestrian traffic in the area. The AND C AN AL expected completion date for Luas ST MO LO U WE N Cross City is late 2017.

TS R

RLA ND S T

QUAY

N

E

EL

WI

LL

IAM

PL

AC

LO V

AN CL

LA CE YP L

NP

PE RC

WA RR IN GT O PL

R PE

CY

PE R

RB

LAD

HE

LN

ST U IAM FIT ZW ILL

GRAND CAN AL

MACKEN STREE T

GRA NT’ SR OW GR ATT AN ST

PH E

Q

PPE R

ER TP LA CE

STR EET LOW ER

KE BO R

R

H

TO ING ADD

CY

LN

OAD NR

LAN

WIL

TON

PL

L

TR

LN

ON P

WIL TON

DR

D

WIL

TON

T MA SAIN

TR

R Y’ S

OAD IL R P S ME

E

LN

RA G L

BURY L N

OO RO AD

D

WELLIN GTON RD

AGLAN LN

P

OA D

HEYTES

RE

ET U

PEMBRO KE

WATE RL

SS EX R

NR

AD

ST

M

E RAN

RO UTH TMO R A D

SU

N

N SO

SQ OUTH

LE E

T EE

M DART

ADE PA R

WATE RLOO LN

L

ND GRA

D ROA

PEMBROK

BU RL ING TO

T TER RACE

UP PE

N ’S

GT DIN HAD

SFOR

STE PH E

R WE LO

ER

NP

TR

LENNOX PL

ET RE

MB

SO

S NT

L NT P EM O

CU

LEE

ME LE

MARTIN ST

GROVE ROAD

RL CHA

CHA RLEMONT MALL

TOBELLO RD

ER

UR T T R HARCO

AR CH

tobello

LENNOX ST

42

L

ADELAIDE ROAD

HARRINGTON ST

OW

P HA TCH

ER

TL EE

W T LO HATCH S TR EE

ST

ST

N

NL

PPER

NT

OT GG

SO

STR

HATCH STREET U

ON

GRANTHAM ST

LEE

ST

S LEE

T ST

REET HEYTESBURY ST

PLEASANTS

BA

PE M

ST CAMDEN ROW

S GR EEN

EARL

NEW BRIDE

TEP HEN ’

MO U

OW ER

HE RB ER TS

LN

STE

ME IAM

AST

ILL

ES ST E

ZW

TL

JAM

OW

FIT

N’S PL

RR ION SQ EAS T

P PE ST U

ON

NR

FIT ZW IL LOW LIAM ER ST

CUFFE LN

RI O

RRI

ME R

KEVIN ST LO WER

ST S

ERNE S

ST

HO LLE S

SQ

R

LUAS STOP

T UP P E R

H CU MBE

SOU T

ST WE

ST

TE P HEN

K ST

KILD ARE S T

ORTH

L

ME RR ION

UTH

MOLES W

ME

ST S O

T SOUTH

SETA N TA P

’S G REE NW EST

KING

DAWSON

GRA FTON

ST

CLA RE N

ANNE S

STREET

DON

ST

ST S

T

WILL

I AM

RY S

YOR

DUKE S T

ST S

OW SR

BISHOP S T

THE PROPERTY NASSA U ST REET

HEN S ETLOW ER TRE

ER ’ P ET

T

AUNGIER ST REET

STEP

O UTH

EXCHEQUER ST

DRU

AU N GI ER

STREET

DAME LN

PEARSE SQ

DAME ST

ST ARD EDW ORD

CARDIFF LA N

E

MARK’S LN

ERNE ST LOW ER

PEAR SE S TREE T

S

LI ME ST

Transport

TOWNSEN D STREE T

Dockla

SAMUEL BECK ETT BRIDGE

TS

BYRNE’S LN

GLOUC ESTER S

CREIGHTO N ST

MOSS ST

ST

LUKE ST

TARA ST

W ESTMORELAND ST

ANGLESEA ST

EUSTACE ST

TEMPLE LANE S

COPE ST

R LIE

T ST EAS

CITY QU AY

POOLBEG ST

D’O

ES S E X

ALK

FLEET ST

TEMPLE BAR

GEORGE'S QUAY

QUAY BURGH

R

ST

R AY LOW E ORMOND QU Q UA Y GTON WELLIN

Y ESSEX QUA

W ORS HEL BAC AY N QU ASTO

LOWER

D STRAN GREAT

LO W E

T LIFFEY S

STOP

R AY UPPE

RD

EXCISE WALK

TREET

ST

T

T STREE

U

Y

PETE R S

EXCHANGE PL

TONE S

JERVIS The immediate locality is a thriving commercial and tourist centre with a high level of footfall. Dawson Street and the surrounding area STREET ST CUSTOM HOUSE ABBEY SHOPPING MIDDLE Y CENTRE A U Q QUAY has an established restaurant and coffee shop trade, nearby restaurant occupiers include Marco Pierre WhiteCUSteakhouse, Milano, STOM HOUS EDEN E QUAY TTS H LO Y ST Fire Restaurant, Starbucks The Farm, and Coffee Angel.

E T B R B A O N LUAS PPER

CAPEL

BBE ARY’S A

Y ST ABBE

ELL S

ST

ST

N O’CON

E ’S PRINC

JERVIS

WOLFE

GEORGE’S DOC ST All of the attractions of HSouthside Dublin City Centre including St Stephens Green, Grafton Street, Trinity K College, The Government EN R Y MAYOR STREE T LOWER T Buildings and Merrion Square are within a short walking distance.

S R H E T Y NOR ARNOTTS LOW MAR

FORBES ST

GH BOROU

EAR NORTH

LOWE

AMIE

MARL

T

PPER

ES OR MO

L T

ILAC SHOPPING CENTRE

TALB OT P LAC E

E LN

SHERIFF ST This prime city centre restaurant is located on the corner of Dawson Street andR PAR CR NAN TRAN D Duke Street in Dublin 2.

S

LL NE

THE CAPITAL COLLECTION

Description The property is a four storey over basement building of approximately 575 sq m (6,193 sq ft). The property comprises restaurant space at ground and first floor level which seats approximately 120 people. There is further seating outside the premises for approximately 50 people. The restaurant which is dispersed over different levels is finished to a modern specification and includes hardwood flooring, plastered and painted walls, glass counter fittings, spot lighting and air conditioning.

The second and third floor of the building are in very good condition and are made up of storage rooms, training rooms, offices and WC facilities. The basement area houses a high spec kitchen and additional storage space.

The building is serviced by three internal staircases and there are also two lifts for the movement of goods through the different floors.

43

11/12 DUKE ST & 52 DAWSON ST DUBLIN 2

Schedule of Accommodation Floor

Use

Basement

Covenant Information

Area sq m

Area sq ft

Kitchen/Storage

81.6

878

Ground

Restaurant

127.9

1,377

First

Restaurant

134.7

1,450

Second

Storage

99.2

1,068

Third

Storage

131.9

1,420

575.3

6,193

Total

* The above floor areas are indicative, full measured surveys will be available on the data site.

Carluccios Carluccios is an Italian restaurant chain established in 1991 by prestigious chef Antonio Carluccio. The company operates in 70 locations throughout the UK as well as having franchises in Dublin and The Middle East.

Telefonica Ireland Telefonica Ireland is a broadband and telecommunications provider trading as O2. O2 is a leading communications company with approximately 1.5 million customers.

Tenancy Schedule The property is let to Carluccios (Ireland) Ltd on a 20 year and 1 day FRI lease from 21st October 2007. The tenant pays a base rent of â‚Ź287,500, plus a turnover top up of 8.5% (where turnover achieves a specified level). The lease incorporates 5 yearly upwards only rent reviews whereby the tenant pays the greater of either, the open market rental value or the base rent plus turnover top up, arising from the immediately preceding rental period. The parent company of Carluccios (Ireland) Ltd (Carluccios Ltd) is named as guarantor on the lease agreement.

Additional income is generated from a licence agreement (yet to be executed) granted to Telefonica Ireland Ltd for a telecommunications mast located on the roof of the premises.

The licence which would expire in December 2019 is subject to an annual rent of â‚Ź13,000 per annum.

44

Title We understand the following in relation to title: 11 Duke Street is held Freehold title.

12 Duke Street is held Long Leasehold subject to a nominal rent.

52 Dawson Street is held Long Leasehold subject to a nominal rent.

BER Certificate BER No. 800288847 BER Rating: D1

17/23 UPPER RATHMINES ROAD, RATHMINES DUBLIN 6

47

17/23 UPPER RATHMINES ROAD, RATHMINES DUBLIN 6

THE CAPITAL COLLECTION

City Centre Grand Canal

Harolds Cross

Rathmines Road Ranelagh

Belgrave Square

The Property

Key Investment Considerations Stand-alone supermarket

let to Tesco Ireland Limited

Two storey building extending to a net internal area of approximately

with off street customer parking

1,773 sq m (19,094 sq ft)

High profile position on Rathmines Road Lower with a densely populated catchment area

Excellent site extending to 0.32 hectares (0.8 acres) with long term redevelopment potential (subject to PP)

CPI linked

WAULT of

rent review

9.5 years

Producing a total passing rent of â‚Ź440,000

per annum

Tenant not affected 47

LA

RE

D OK

ES ON

N PA

EA S

THBR N OR

O LEES

OAD GH R ELA RAN

PL UNT MO

GROVE PARK

ST EE The subject property occupies a prominent position on Rathmines populated suburb, popularRwith PRICE’S LN Road Upper.

TU P young professionals and families. Surrounding uses include restaurants, cafes, pubs, banks and shops as well as a cinema, the Swan PER A NT

RK

R OK T BROa densely Rathmines THis NO R

A VE

ER LOW

Shopping Centre and Leisure Centre.

NORTHBROOK AVE

WA

WELLIN GTON L N

WELLINGTO N PL

Y

Occupiers in the immediate vicinity include Aldi, Lidl, DIT, McDonalds, Travel Lodge Hotel, Camille Thai, Subway and ANThink Bike.

PI

Rathmines

AD R RO HGA

ROAD

K

RAT

MOYNE

LEY PAR

N ROAD

LN

AVENUE

ANNES

KILLEE

EW

AVE

E VI

ON

ETS

RSL

SPIR

AG

H

OA D

ILLE DUNV

PALMERSTON ROAD

E

EL

The area is well served by transport links with a number of bus routes providing access to all SA ND Ranelagh areas of Dublin and the FO Luas stop less than 1kmRDaway.

R

ST

LAN

CHA

WE

OAD

SQ E

SQ

GE RD

R

ELL

ARK

ENS RD GA

PPE AD U

S RO

XW

VE

CH A

CHUR

AD RO

BELGRAVE RD

Rathmines

ROAD

ELL R

48

CH

MINE

YORK

MAXW

MA

RID CAMB

OD P

UR CH

RATH

G

RR

NO

VE

S RO

D OA

LEWO

THE PROPERTY

AVE WOOD

CAST

ROAD

ENOR GROSV

N STO RLE CHA

RAVE

EC

VILL

RLE

CHA

C A S T LE

E LOS

RA N

RU

BELG

STE

LEINSTE

VE GRA BEL

N LEI

R SQ

OAD RR

Ranelagh Transport

AD

RO GBY

OAKLEY ROAD

S

GRO

RATHMINES

O VEN

AS ANT AVE

ROAD LOW

ER

MOUNTPLE

N RL

M HA RE MO

AP

TER TAN LIS GU

BURY L N

OA D

PPE Rathmines is a vibrant suburb on the southside of Dublin situated approximately 3km R from the city centre.

R LE O GROVE ROAD

HEYTES

ET U

OO RO AD

SS EX R

WATE RL

AD

ST

RO UTH TMO R A D

WATE RLOO LN

SQ N

D

OUTH

SU

M DART

CHA RLEMONT MALL

N SO

LENNOX PL

PL ONT

LE E

T EE

RLEM CHA

RD

TR

NR

TR

PORTOBELLO

TON

BU RL ING TO

S NT

Location ST KEVIN’S RD

WINDSOR TR

ME LE

LONGWOOD AVE

AR CH

LENNOX ST

MARTIN ST

BLOOMFIELD AVE

VICTORIA ST

Portobello

WIL

UR T T R HARCO

HARRI

W IL

ER

17/23 UPPER RATHMINES ROAD, RATHMINES DUBLIN 6 NGTON ST

R ROAD SOU T H CI R CULA

PL

PPER

H

TON

HATCH STREET U

OW

OVOCA RD

GRANTHAM ST

TL EE

ST LOMBARD ST WE

STR

IL

ON

BURY STREET

OTT ST

EL S T

TH

ORMOND ROAD SOU

R ROAD WINDSO

LBO MAR

R

A RO GH U O

D

THE CAPITAL COLLECTION

Description The property comprises a purpose built supermarket constructed circa. 1988. The two storey building has retail on the ground floor with staff facilities, stock room and bakery on the first floor. Let entirely to Tesco, the fit out is standard for this occupier.

There is a surface car park to the rear of the property with 70 surface car parking spaces for customer use.

The site is of regular shape with good access and profile to Rathmines Road Lower extending to 0.32 hectares (0.8 acres).

Subject to planning permission, there is opportunity for re-development of this strategic site in the medium to longer term.

Development/Town Planning The subject property is zoned as Objective Z4 “To provide for and improve mixed services facilities” under the Dublin City Council Development Plan 2011-2017. The immediate area is also outlined as a “Key District Centre” (KDC 7) under the plan.

49

17/23 UPPER RATHMINES ROAD, RATHMINES DUBLIN 6

Tenancy Schedule Demise

Tenant

Entire

Tesco Ireland Limited

Total

Area sq ft

Passing Rent

Term

Lease Start

Lease End

Break Date

Rent Review / Repairing

19,094

€440,000

35 years

25/12/1988

24/12/2023

-

5 yearly RR in line with CPI, FRI Lease

19,094

€440,000

* The above floor areas are indicative, full measured surveys will be available on the data site.

Covenant Information

Title The title is held Freehold.

The property is let to Tesco Ireland Limited, the Irish arm of Tesco PLC and is a triple A covenant.

Tesco currently operates 142 stores in Ireland with 14,000 employees. Tesco Ireland Limited recorded sales of €3.15 billion for the year ending Feb 2013. Tesco is the largest supermarket retailer operating in Ireland and had a reported 26% of Irish market share as of February 2014.

50

BER Certificate BER No. 800288870 BER Rating: C3

NUTGROVE RETAIL CENTRE, RATHFARNHAM DUBLIN 14

53

NUTGROVE RETAIL CENTRE, RATHFARNHAM DUBLIN 14

THE CAPITAL COLLECTION

Nutgrove Retail Park Nutgrove Shopping Centre

The Property

Nutgrove Avenue

Nutgrove Office Park

Key Investment Considerations 5 Retail Units extending to

5,661 sq m (60,934 sq ft)

Modern retail scheme with good sized floor plates Adjacent to

Anchored by Lidl and

Homestore & More

Nutgrove Shopping Centre and Nutgrove Retail Park Generous

WAULT of

8.01 years

car parking

Total Passing Rent of

â‚Ź857,101 per annum

Tenants not affected 53

NUTGROVE RETAIL CENTRE, RATHFARNHAM DUBLIN 14

Location

Nutgrove is one of Dublin’s premier, southside residential suburbs... ...located around 5km from the City Centre, between Rathfarnham and Dundrum. The locality has an established residential element and is well serviced with good amenities, road infrastructure and public transport. The Nutgrove Retail Centre is part of a cluster of three retail schemes which also includes Nutgrove Shopping Centre and Nutgrove Retail Park.

PAR K

CH U R CHTOWN R DL OW ER

Nutgrove Retail Centre has good visual profile off Nutgrove Avenue. The main access point for vehicular and pedestrian traffic is off Meadow Park Avenue.

A PE DS C LAN

E

CH

Transport The location is well served by public transport in the form of Dublin Bus services and the Luas Green Line, which is located is 1km from Nutgrove Retail Centre at Churchtown. Local amenities include Marley Park, Bushy Park and a number of golf courses.

PER

WES TON PA

RK WESTON

AVE

ROAD

MEADOW PARK AVE

OUNT PK SWEETM

MOUNTAIN VIEW DRIVE CARRICKMOUNT DR

D LAUREL ROA

OUNT D SWEETM

NUTGROV E

LORETO ROW

GRANGE ROAD

MOUNTAIN VIEW PARK

WAY

TO W N RO AD UP

BE AUMO N T AVE

NUTGR O V E

AVE

RRA C

LORE TO

O TE

STON EPAR K ABB EY

R

ET

ENT RD

WHITEH ALL RD

LO

THE PROPERTY

AR N RD

RD U PPE R

R

GR O VE AVE

TOWN

CHU

NUG

ITE B

CH

ROAD

N

UT

WH

UR

OAKDOWN

CH

R

BARTON ROAD E

ME AD O

OA D

MARLE Y AVE

R LOW

GRANGE

WIL

N CHLAW BEE

BEECH DRIVE

T UN MO

SYCAMORE ROAD

WA Y

E MEADOW GROV

WN AVE HLA EC

OV

E

W

AST

BE

GR

54

N UT

Nutgrove

M ANOR ROAD

BARTON ROAD

THE CAPITAL COLLECTION

Description Nutgrove Retail Centre is a modern retail scheme comprising 5,661 sq m (60,934 sq ft) of retail warehousing. The scheme consists of 5 retail warehouse units, anchored by Lidl. Additional tenants include Homestore and More, Petworld and McDonnell Paints. There is one vacant unit.

The units are of a modern specification featuring large floor plates.

The anchor store Lidl comprises a 19,000 sq ft supermarket benefiting from a side loading bay with dock levellers.

The scheme is aesthetically attractive comprising a well maintained, landscaped outdoor space with an abundance of parking. There are security gates at the entrance point off Meadow Park Avenue and the retail centre is well lit up by overhead lighting.

Zoning/Redevelopment The site is zoned DC under the Dun Laoghaire-Rathdown County Development Plan 2010-2016 “To protect, provide for and/or improve mixed-use district centre facilities”. This zoning objective permits a wide range of uses including retail and café uses.

55

NUTGROVE RETAIL CENTRE, RATHFARNHAM DUBLIN 14

Tenancy Schedule Demise Tenant

Area sq ft

Passing Rent

Term

Lease Start

Lease End

Break Date

Rent Review / Repairing

Unit 1

Lidl Ireland GmbH t/a Lidl

18,986

€395,101

25 years

17/04/2012

17/04/2037

17/04/2024

5 yearly FRI lease

Unit 2

Ogalas Ltd t/a Homestore and More

24,886

€330,000 base rent (turnover provision)

25 years

23/11/2012

23/11/2037

23/11/2020

5 yearly FRI lease

Unit 3

Vacant

8,622

-

-

-

-

-

-

Unit 4

Pat McDonnell Paints t/a McDonnell Paints

4,220

€72,000

25 years

23/11/2012

23/11/2037

23/11/2015

5 yearly FRI lease

Unit 5

Horkans Pet World Ltd t/a Petworld

4,220

€60,000 base rent (turnover provision)

20 years

01/03/2014

03/03/2034

02/03/2026

5 yearly FRI lease

60,934

€857,101

Total

* The above floor areas are indicative, full measured surveys will be available on the data site.

Covenant Information

Title The property is held Freehold.

Lidl Lidl is a German discount supermarket chain that operates 10,000 stores across Europe. Lidl operates 30 stores throughout Ireland, 27 of which are based in Dublin. Lidl’s market share in the Irish market has recently risen 21.9pc to 7.9%.

Homestore and More Homestore and More is an Irish owned company specialising in homeware products. Homestore and More which opened its first store in Tallaght in 2004 now operate 13 stores nationwide, with plans for further expansion.

Pat McDonnell Paints Pat McDonnell Paints is an Irish painting and decorating store.

Established in Cork in 1977, Pat McDonnell now operates from 7 retail outlets throughout Ireland employing 80 staff.

Petworld Petworld is Irelands leading pet speciality retailer. Petworld was established in 1998 and has grown to having 7 stores nationwide. Petworld also operate a successful website which offers their customers quality pet supplies and pet care information.

56

BER Certificate BER No. 800272304 - 800273617 BER Rating: B2 - G

BEACON SOUTH QUARTER, SANDYFORD DUBLIN 18

59

BEACON SOUTH QUARTER, SANDYFORD DUBLIN 18

THE CAPITAL COLLECTION

Stillorgan Industrial Park

The Property Dun and Bradstreet

BSQ

Microsoft Beacon South Quarter Residential

Beacon Hospital Beacon Hotel

Beacon Court

M50

Key Investment Considerations Modern retail scheme with

Total Passing rent of

large floor plates

â‚Ź547,341 per annum

Part of a high

quality, residential & commercial development

WAULT of

12.87 years Generous

Rental growth

car parking available

potential

8 large units forming part of this sale, extending to approximately 3,680 sq m (39,608 sq ft) Tenants not affected 59

BEACON SOUTH QUARTER, SANDYFORD DUBLIN 18

Location

Sandyford is one of Dublin’s premier, southside residential and commercial suburbs... ...located 9km from the City Centre. Beacon South Quarter is at the heart of Sandyford and is one of the many new developments carried out in the area in recent times. Such developments include the Beacon Hospital and Clinic, the Beacon Hotel, Grande Central and a variety of modern office buildings. In addition there are a number of motor showrooms and DIY outlets nearby. Major commercial occupiers in the vicinity include Microsoft, Vodafone, Barclaycard, Mercury Engineering and Bank of America Merrill Lynch.

Nama has just finished the last, residential, elements of Beacon South Quarter which will complete the scheme. In the medium term the nearby, incomplete Sentinel building, the second phase of Grande Central, will be finished out which will add value to Beacon South Quarter.

DRUMMARTIN L

N W OO D

L AK

BIR

VE

CAR MA

NH

BL AC KT

RD

AVE

ROC K

BUR T

CKE N

RD

RD ROC KR D

COR RIG R

ALL

AL L

RN

ON H

HO

HEATHER RD

OAD

A RE

NA R

D

BR A

R LINK

A VE

M50 A LEOP

M50

60

N HEATH

A VE

LE RD

KT

THR EE

N ARTI

M O R EE N

GA

AVE RN HO

ORN DR

MM DRU

BLACKTH

RN

ARK

AC

D

OAD

BL

CH AVE

RAV ENS

R LINK

HAWTHORNS RD

BLA CK T THE PROPERTY HO MA PLE A

The location is well served by public transport in the form of Dublin Bus routes and the Luas Green Line which connects to St Stephen’s Green, Dublin City Centre. Local amenities include Leopardstown Race Course and Leopardstown Golf Course.

DR

IN MART

RD

SPRUC E AVE

DRUM

D YFOR SAND

D MAPLES R

MOREEN PARK

RK

A LLY P

LL

L

OR

BALA

D DR NAR CLO

GR BALALLY HI BALALLY

VE

LAK ELA NDS C

STILLORGA

BENI LDUS AVE

DS A

IL L ST

BAL ALL Y AV E

LAKELANDS D R LAN

DS C R

LAK E

ELA N

Sandyford

DR

FURZE RD

ALLY

Transport K I L M ACUD ROAD UPPER

INK ROAD

BAL

H A Z E L A VE

WN R

O RDST

OAD

THE CAPITAL COLLECTION

Description The subject property forms part of the overall Beacon South Quarter development which is a mixed scheme of predominantly residential but also retail and some office content. The development was completed in 2007. The retail elements consist of this collection of 8 units and a further section called Beacon Plaza (not part of this sale) at an adjacent, higher level, mostly consisting of restaurants, bank branches and other service units.

In total there is some 185,000 sq ft of retail space in Beacon South Quarter, excluding Dunnes, of which the subject property comprises approximately 45,000 sq ft. In addition there are some 1,800 car spaces available, mostly at basement level.

The development was constructed to a high standard with the residential units achieving premium pricing. The retail units were constructed to shell finish with all services provided. Each unit was then fitted out to the individual retailer’s requirement.

All units have glazed frontage onto a part covered walkway.

These units are double height enabling the retailer to install a mezzanine retail or storage level.

The main access is from Blackthorn Drive for vehicular and pedestrian traffic. There is a barrier controlled entrance to the carpark with the first 2 hours parking free. There is further pedestrian and limited vehicular access from Blackthorn Road.

61

BEACON SOUTH QUARTER, SANDYFORD DUBLIN 18

Tenancy Schedule Demise Tenant

Area sq ft

Passing Rent

Term

Lease Start

Lease End

Break Date

Rent Review / Repairing

D1

Lelewla Enterprises Ltd t/a Roches Bobois

4,305

€43,271 base rent + turnover element

25 years

01/07/2007

30/06/2032

30/06/2022

5 yearly FRI lease

D2

Kube Beacon Ltd t/a KUBE

6,436

€85,000

25 years

01/07/2007

30/06/2032

-

5 yearly FRI lease

D3

Vacant

6,006

-

-

-

-

-

-

D4

PDT Ltd t/a Classic Furniture

6,006

€62,500*

N/A

09/07/2012

Rolling Licence

Break at one Month’s notice

N/A IRI Lease

D5

O’Briens Wine Off Licence

6,512

€150,000

25 years

01/07/2007

30/06/2032

-

5 yearly FRI lease

C1

Furninova Ltd t/a Soul

8,675

€106,570

15 years

05/10/2011

04/01/2026

04/10/2016

5 yearly FRI lease

C6

Crowley Pharmacy Dublin Ltd t/a Your Local Pharmacy

3,810

€60,000 base rent + turnover element

25 years

01/07/2007

30/06/2032

-

5 yearly FRI lease

C7

ABC Living Ltd t/a Bo Concept

3,864

€40,000 base rent (turnover provision)

25 years

01/07/2007

30/06/2032

30/06/2022

5 yearly FRI lease

45,614

€547,341

Total

* Licence fee inclusive of commercial rates and service charge. ** The above floor areas are indicative, full measured surveys will be available on the data site.

62

THE CAPITAL COLLECTION

Covenant Information Roche Bobois Roche Bobois is an international producer of designer furniture.

The company, which originated in France, operates worldwide in over 250 countries. Roche Bobois operates its flagship Irish store from Beacon South Quarter.

KUBE Kube specialises in designer German kitchens and operates one Irish store from Beacon South Quarter. Kube also trade from the United Kingdom.

Classic Furniture Classic Furniture is an Irish furniture company established in 1986. The company operates 3 further stores throughout Dublin, in Spuce Avenue, Coolock Retail Park and Westend Retail Park.

O’Briens Wine & Off Licence O’Briens is Ireland’s largest alcoholic drinks retailer. The company operates 32 stores nationwide, 19 of which are located in Dublin. O’Briens employs over 250 people nationally and has an established online presence by offering products for purchase online with delivery.

Soul Soul is a Scandinavian furniture retailer operating throughout Europe. Soul was established in 1992 and is now one of Europe’s leading sofa manufacturers. Soul products can now be purchased in a number of European countries as well as Canada and Dubai. Soul at Beacon South Quarter is the first store in Ireland and the UK. Your Local Pharmacy Your Local Pharmacy is a group of Irish pharmacies, operating in 7 locations throughout Dublin, Kildare and Meath. The pharmacy group aims to provide high quality pharmaceutical advice and provide a wide range of high quality cosmetics and beauty products.

Bo Concept Bo Concept is a designer furniture and home accessories manufacturer originating in Denmark. The company was established in 1952 and is now operating 300 stores worldwide.

Beacon South Quarter is home to Irelands only Bo Concept store.

Title Long Leasehold - The property is held on a 999 year lease from 2008 at a nominal rent.

BER Certificate BER No. 800092603 - 800288920 BER Rating: C1 - D2

63

CONTACTS & FURTHER INFORMATION

Pricing On application.

Viewings Viewings strictly to be arranged though the joint selling agents.

Project Website www.the-capital-collection.com

Contacts Selling Agents Fergus O’Farrell T: +353 1 618 1311 fergus.ofarrell@savills.ie

Paul Callanan T: +353 1 618 1418 paul.callanan@savills.ie

Marguerite Boyle T: +353 1 618 1334 marguerite.boyle@savills.ie

Carol Cavanagh T: +353 1 618 1424 carol.cavanagh@savills.ie

Sean O’Brien T: +353 1 618 5724 sean.o’brien@cbre.com

Colm Luddy T: +353 1 618 5729 colm.luddy@cbre.com

Johnny Horgan T: +353 1 618 5797 johnny.horgan@cbre.com

Fiona Kennedy T: +353 1 618 5742 fiona.kennedy@cbre.com

Solicitors Andrew Muckian Rachel Stanton T: +353 1 639 5322 T: +353 1 639 5174 andrew.muckian@williamfry.ie rachel.stanton@williamfry.ie

PROPERTY MISREPRESENTATION ACT The Agents and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland or CBRE nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland or CBRE nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction.

Designed and produced by Creativeworld. Tel +44 [0] 1282 858200

64