For Sale 29 million euro +VAT

Target Center-Kecskemet
Hungary

Contact:

Zoltan Sztan

Managing Director

IZI–LUX LLc

1126 Budapest Hungary

Vorosko utca 11/A

Tel: +36 20 574 4028

E-mail: zoltan.sztan@izilux.com

Homepage: www.izilux.com

Kecskemét, Target Center Retail Park

Project

The Center is next to the busiest main road of the city currently benefits from two anchor tenants TESCO hypermarket and an OBI DIY Store with the addition Strip Mall adjoining area leased to the likes of DM and Deichmann stores .The TARGET Center obtained its occupancy permit and opened in November 2008 and extends to approximately 24.000sq meter and benefits from roughly 800 onsite parking spaces.The Stripp Mall element has an area of approximately 5800 sq meter while the two achor tenants have a combined area of approximately 18,200sq meters.

Site Location

The town is situated in between the Rivers Danube and Tisza, between Budapest and Szeged, in the cross of the East-Western and North-Southern main traffic roads. The eight biggest city of Hungary is considered to be one of the most interesting example of the Hungarian town-development history. It is in easy reach from any part of the country, lays apr. in a distance of 45 minutes from Budapest on Highway.

Its economical-regional role in the life of the area and the country is gradually strengthened by the Highway M5, that connects Kecskemét into the European road-net system.

Target Center is located on Izsáki út ,which is the main arterial road connecting he M5 motorway to the center of Kecskemet.The Center is positioned to the south-west of town center and has excellent visibility from Izsaki út.

Kecskemét, Izsáki str. 12/b

Key Investment Consideration

Well–maintained sustainable asset in a growing town of Hungary

Nearly 100% leased to number of high profile tenants

Secured long term income from two high profile tenant

Easily accessible from all directions from the city center and surrounding areas

Potential added –value opportunity on vacant areas

Proven performer during the crisis years.

The Status of the Project

The 89% of the area is rented, generating a EUR 1 890 000 revenue in 2014.

Thanks to the efforts in the last period we have signed or in the process to signing the rental agreements on the vacant areas. The 100 % of the area is will be rented.

It will generate an EUR 2 195 000 rental income in 2015 and an EUR 2 235 000 rental income in 2016

RENT ROLL

Plans

Kecskemet City and the surrounding area Profile

The surrounding area consist the basic district containing 8 communities around the city, and over the 5 settlements belonging to administrative territory of the city.

The cachment area of Kecskemét expand over the South-Pest county-settlements, and over the nearest two towns of Nagykörös and Cegléd, Also.. 17 settlement belong to the city's labour market cachment area, where 30% (apr.200 thousand people) of the county population live.

Nearest city’s

LARGER Catchment Area

An area's name	Seat	Area (km²)	Number of inhabitants	Settlement
Bácsalmási kistérség	Bácsalmás	381,09	17 698	8
Bajai kistérség	Baja	1190,79	75 406	20
Jánoshalmai kistérség	Jánoshalma	399,10	16 967	4
Kalocsai kistérség	Kalocsa	1029,13	54 263	20
Kiskőrösi kistérség	Kiskőrös	1130,33	57 150	15
Kiskunfélegyházai kistérség	Kiskunfélegyháza	717,51	46 741	9
Kiskunhalasi kistérség	Kiskunhalas	826,34	45 999	9
Kiskunmajsai kistérség	Kiskunmajsa	485,15	20 082	6
Kunszentmiklósi kistérség	Kunszentmiklós	802,81	31 430	10

TOTAL inhabitants 365,736

Economic Profile

German carmaker Mercedes-Benz built a plant in Kecskemét to manufacture the new Mercedes-Benz A-B-Class. The plant was opened on March 29, 2012. The Stuttgart-based company invested €800 million (US$1.24 billion) to build the new plant, which is expected to create 2,500 new jobs in the region. According to the plans, more than 100,000 vehicles will be produced annual at the factory.Mercedes Benz announced will double the manufacturing facility size in 2016 to accomondate the new models production.

The economy of the City of Kecskemét is based on the following six pillars with the major companies mentioned:

Beef and pork processing
Canning industry
Tyre logistic
Prining industry
Clothes and textile industry
Car manufacturing

Purchase power – Kecskemét

Industry Location