Build-to-hold

Projects/ units 12/31/2021

Completed 368
Under construction 3,642
Landbank and secured projects 5,179
Total build-to-hold units 9,189
Total sqm 420,068
Estimated total investment costs* c. EUR 800m
Average total investment costs per sqm* c. EUR 1,900
Average rent price per sqm/month* c. EUR 11.50
Average gross rental yield c.7-8%
Estimated EBITDA margin on letting >75%
Estimated EBITDA contribution p.a. >EUR 45m

* EUR amounts based on PLN/EUR exchange rate of 0.2175 as of 31-Dec 2021

Projects on offer 01/31/2022

  Dorzecze Legnickiej IV (Wroclaw) Buforowa 89 III (Wroclaw) Legnicka 33 (Wroclaw) Hawelanska 2 (I of III parts) (Poznan) Total
Total number of available units as of 31 Jan-2022 57 159 152 30 398
- Number of units contractually rented out 56 155 152 21 384
- Vacancy rate 1.8% 2.5% 0% 300% 3.5%
Average apartment size for residental units c. 40 sqm c. 50 sqm c. 30 sqm c. 50 sqm c. 43 sqm
Average rent per sqm/month for residental units* c. EUR 10.50 c. EUR 9.00 c. EUR 14.00 c. EUR 9.00 c. EUR 10.50
Renting started/ end May-Aug-2021 Jul-2021 - Jan-2022 Jun-2021 - Jan-2022 Jan-2022