Credit Linked Notes STABILITY CMBS GmbH

Transcription

1 Communications Issuer Administrator STABILITY CMBS 2007 GmbH Wilmington Trust SP Services (Frankfurt) GmbH Steinweg Frankfurt am Main, Germany Tel: +49 (69) Fax: +49 (69) Wilmington Trust SP Services (Frankfurt) GmbH Steinweg Frankfurt am Main, Germany Tel: +49 (69) Fax: +49 (69) Servicer / Reporting Entity Contact Wilhelm Bötzkes Straße Düsseldorf, Germany CLO Management Wilhelm Bötzkes Straße Düsseldorf, Germany Tel: +49 (2) Fax: +49 (2) E mail: CLO Management@ikb.de Trustee Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft Schwannstraße Düsseldorf, Germany Tel: +49 (2) Fax: +49 (2) E mail: securitisationde@deloitte.de Counterparties Originator / Protection Buyer / Co Manager Wilhelm Bötzkes Straße Düsseldorf, Germany Moody's n.r. / n.r. s* Fitch n.r. / n.r. S&P n.r. / n.r. Intermediary / Sponsor Agencies Kreditanstalt für Wiederaufbau TM b4 Management/Loan Securitisation Palmengartenstraße Frankfurt am Main, Germany Tel: +49 (69) Fax: +49 (69) E mail: Fitch s Limited 30 North Colonnade London E4 5GN, United Kingdom Tel: +44 (20) Fax: +44 (20) E mail: sf_surveillance@fitchratings.com Moody's Deutschland GmbH An der Welle Frankfurt am Main, Germany Tel: +49 (69) Fax: +49 (69) E mail: monitor.cmbs@moodys.com Standard & Poor's Services European Surveillance 20 Canada Square, Canary Wharf London E4 5LH, United Kingdom Tel: +44 (20) Fax: +44 (20) E mail: CMBSeuropeansurveillance@standardandpoors.com Protection Seller / Intermediary Arranger / Lead Manager Listing Agent Paying Agent Transaction Account Bank Kreditanstalt für Wiederaufbau Palmengartenstraße Frankfurt am Main, Germany Deutsche Bank AG, London Branch Winchester House Great Winchester Street London EC2N 2DB, United Kingdom BNP Paribas Securities Services Luxembourg Branch 33, rue de Gasperich Howald Hesperange 2085 Luxembourg, Luxembourg BNP Paribas Securities Services S.A. Zweigniederlassung Frankfurt am Main Europa Allee Frankfurt am Main, Germany Landesbank Hessen Thüringen Girozentrale Main Tower Neue Mainzer Straße Frankfurt am Main, Germany Aaa / P A2 / P A2 / P A2 / P A2 / P AAA / F+ A+ / F+ A+ / F+ A+ / F+ A+ / F+ AAA / A + A+ / A A+ / A + A+ / A + A / A * no responsibility is accepted for the correctness of this information Counterparties Signed by: 09:4 AM Page: 0

2 Pool and IKB International S. A. Remittance Distribution Data Initial Aggregate ,69 Initial Replenishment Cap Replenishment Cap (excl. *) Beginning Aggregate scheduled Scheduled received Unscheduled received / Prepayments thereof Removals Liquidation Proceeds (on ) Total Repayment Period Realised Losses Period Realised Enforcement Cost Losses Period Realised Accrued Interest Losses Period Realised Conversion Losses Period Late Recoveries Period Unjustified Losses *Cumulative Realised Losses / Unjustified Losses / Late Recoveries Total of Replenished Loans Payments of other than Prepayments reserved for future Replenishment Prepayments of reserved for future Replenishment Net Repayment , , ,27 0, ,79 0,00 0,00 0,00 0,00 0, ,6 0,00 0, , , , , ,63 0,00 0,00 : Euro Pool Information Scheduled following Period Beginning Initial paid in full Period Aggregated Paid in Full Removed Period Aggregated Removed Replenished Period Aggregated Replenished Reposted Period Aggregated Reposted Ending Period Fixed or Commercial Real Estate Loans secured by Commercial located predominantly in Germany , Ending Aggregate ,29 Amortisation Sum of all Payments of other than Prepayments ,46 Sum of all Prepayments of ,7 Pool Information Initial Pool After Replenishment Weighted Average Exposure 2,22 3,07 Weighted Average 2,42 2,80 Delinquency Status Delinquent Outstanding Payments in Arrears (excl. Credit Events): < Month , ,5 2 Months 0 0,00 0, Months , , Months 4 0, ,20 4+ Months 0 0,00 0,00 Subtotal: , ,22 Terminated (excl. Credit Events) 0 0,00 0,00 Subtotal: ,70 0, ,22 0,00 Insolvency (excl. Credit Events) 0 0,00 0,00 Total: ,70 0, ,22 0,00 Credit Event Status Delinquent Outstanding Credit Events in Work Out , ,47 thereof Period , ,24 Estimated aggregated Amount Accrued of aggregated Interest: Accrued In ,59 Estimated Credit Events additional in Work Out Conversion by Amount current of Exchan Non EUR Credit Events: , ,58 09:4 AM Signed by: Page: 02

3 Replenishment Covenant Test I Pool and IKB International S. A. : Euro Covenant Initial Pool End of Reporting Period After Replenishment Minimum/Maximum Limit Test Aggregate maximum passed Aggregate Replenishment of Payments of other than Prepayments maximum passed Aggregate Replenishment of Prepayments of maximum passed Herfindahl Index 3,82 9,28 9,28 minimum 5,00 failed Type: Office Retail Warehouse / Distribution Mixed Use Residential Hotel Other 52,59% 26,79% 26,79% maximum 6 passed 3,52% 6,3% 6,3% maximum 25,00% passed 4,60%,27%,27% maximum 25,00% passed 9,9% 3,03% 3,03% maximum 25,00% passed 2,89% 0,09% 0,09% maximum passed 6,43% 2,5% 2,5% maximum 7,00% passed 0,06% maximum,00% passed East Germany (excluding Berlin, Dresden and Leipzig) 9,26% 0,3% 0,3% maximum 5,00% passed Outside Germany 0,22% 7,84% 7,84% maximum 5,00% passed : Austria Belgium France Luxembourg Netherlands 2,20% 2,0% 2,0% maximum passed maximum passed maximum passed 2,48%,97%,97% maximum passed 2,47% 2,37% 2,37% maximum passed Weighted Average 66,4% 58,94% 58,94% maximum 68,00% passed Weighted Average 2,4 2,8 2,8 minimum 2,00 passed Weighted Average,38,3,3 minimum,20 passed Weighted Average Life 6,97 2,68 2,68 maximum 8,50 passed Delivery of Pool/Replenishment Report maximum passed Suspension Events: overdue for more than 60 days 6,8% 6,8% maximum 3,00% failed Bankruptcy or overdue for more than 80 days,6%.6% maximum,00% failed Termination Events: Sum of Realised Losses maximum passed Downgrade of any Class by S&P or Fitch no yes yes no failed *Figure after repl. must not be worse than before repl. 09:4 AM Signed by: Page: 03

4 Replenishment Covenant Test II Pool and IKB International S. A. : Euro Covenant Initial Pool End of Reporting Period After Replenishment Minimum/Maximum Limit Test with above 80 % 0,57% maximum,50% passed with below,5 (excluding largest Debtor ) 0,55% 5,72% 5,72% maximum 5,00% passed of SPVs 55,79% 28,3% 28,3% minimum 35,00% failed Unhedged,7% 2,64% 2,64% maximum 5,00% passed Highest Debtor Concentration (excluding largest Debtor ) 6,60% 2,66% 2,66% maximum 7,00% passed Three largest Debtor Concentration (excluding largest Debtor ) 5,42% 7,35% 7,35% maximum 7,00% passed Five largest Debtor Concentration (excluding largest Debtor ) 20,95%,79%,79% maximum 23,00% passed with prior ranking mortgages 4,37% maximum 5,00% passed *Figure after repl. must not be worse than before repl. 09:4 AM Signed by: Page: 04

5 Replenishment Covenant Test III Pool and IKB International S. A. : Euro Covenant Replenished Minimum/Maximum Limit Test Maximum of Replenished maximum 8 passed Minimum of Replenished minimum,60 passed Minimum of Replenished minimum,20 passed Maximum Period (months) since Determination Date of 0,00 maximum 2,00 passed Maximum Volume (Debtor ) of internal Real Estate Appraisal maximum passed Minimum Weighted Lease Expiry Date of SPV Debtor s minimum 5,00 passed Weighted Average Exposure 0,00 maximum 2,25 passed Weighted Average maximum 2,50 passed *Figure after repl. must not be worse than before repl. 09:4 AM Signed by: Page: 05

6 New Cash Flows on Portfolio Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Month (until) Empty Last Reporting: Payment Scheduled (after Replenishment) Empty2 Payment Scheduled (before Replenishment) Empty3 Payment Scheduled (after Replenishment) Jan 2007 Jul 2007 Okt 2007 Jan 2008 Apr 2008 Jul 2008 Okt 2008 Jan 2009 Apr 2009 Jul 2009 Okt 2009 Jan 200 Apr 200 Jul 200 Okt 200 Jan 20 Apr 20 Jul 20 Okt 20 Jan 202 Apr 202 Jul 202 Okt 202 Jan 203 Apr 203 Jul 203 Okt 203 Jan 204 Apr 204 Jul 204 Okt 204 Jan 205 Apr 205 Jul 205 Okt 205 Jan , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,00 09:4 AM Signed by: 2 Page: 06

7 New Cash Flows on Portfolio Pool and IKB International S. A. Month (until) Empty Last Reporting: Payment Scheduled (after Replenishment) Empty2 : Euro Payment Scheduled (before Replenishment) Empty3 Payment Scheduled (after Replenishment) Last Investor Report + Early Redemption Report Apr 206 Jul 206 Okt 206 Jan 207 Apr 207 Jul 207 Okt 207 Jan 208 Apr 208 Jul 208 Okt 208 Jan 209 Apr 209 after Mai , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,42 09:4 AM Signed by: 2 Page: 07

8 Distribution Summary Pool and IKB International S. A. : Euro Original Swap Amount L e e r Swap Amount before Distribution Distribution Change of Redemption Swap Amount after Distribution Calculated Senior Swap thereof Unused Replenishment Capacity , , ,83 0, ,50 0,00 0,00 0,00 Class A+ A B C D E F Totals CLN Original E Class m Amount p t y Class Amount before Distribution Distribution Change of Redemption Class Amount after Distribution Interest Distribution Total Distribution , ,20.593,80 0, ,40 35,60.729,40 A0N30Z DE000A0N30Z , ,00 0,00 0, , , ,20 A0N DE000A0N , ,00 0,00 0, , , ,44 A0N DE000A0N , ,00 0,00 0, , , ,85 A0N DE000A0N , ,00 0,00 0, , , ,92 A0N DE000A0N , ,00 0,00 0, , , ,80 A0N DE000A0N , ,39 0,00 0, , , ,62 A0N DE000A0N , ,59.593,80 0, , , ,23 A0N300, A0N30, , DE000A0N3005, DE0 WKN Common Code ISIN Portfolio ,69 * , ,29 Amounts per Note ** Class Notes Note Amount before Distribution Distribution Change of Redemption Note Amount after Distribution Interest Distribution Total Distribution A+ A B C D E F 0 3.7,42.59,38 0, ,04 3,56.72, ,00 0,00 0, ,00 98,90 98, ,00 0,00 0, ,00 24,46 24, ,00 0,00 0, ,00 75,57 75, ,00 0,00 0, ,00 252,23 252, ,00 0,00 0, ,00 880,90 880, ,5 0,00 0, , , ,97 * Initial Replenishment Cap ** The allocation of Losses, Unjustified Losses and Late Recoveries is based on each class level this can cause rounding differences at the position Amounts per Note. 09:4 AM Signed by: Page: 08

9 Pool and IKB International S. A. Calculated Senior Swap thereof Unused Replenishment Capacity Original Swap Amount L e e r Swap Amount before Distribution Beginning Percentage** Credit Linked Notes STABILITY CMBS 2007 GmbH Repl. Reduction Amount / Pool Reduction Distribution Rounding Difference for future Reduction : Euro Late Recoveries Unjustified Losses Enforcement Cost Losses Accrued Interest Losses Conversion Losses Realised Losses Swap Amount after Distribution Ending Percentage** , ,33 52,36598% ,83 0,06 0,00 0,00 0,00 0,00 0,00 0, ,50 50,60698% 0,00 0,00 0,000000% 0,00 0,000000% Totals CLN Class A+ A B C D E F Original E Class m Amount pt Class Amount before Distribution Beginning Percentage** Repl. Reduction Amount / Pool Reduction Rounding Difference for future Reduction Late Recoveries Unjustified Losses Enforcement Cost Losses y , ,20 0,036026%.593,80 0,06 0,00 0,00 0,00 0,00 0,00 0, ,40 0,034509% Accrued Interest Losses Conversion Losses Realised Losses Class Amount after Distribution Ending Percentage** , ,00 8,355296% 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, ,00 8,742675% , ,00 2,9376% 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, ,00 2,756608% , ,00 8,03727% 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, ,00 8,385270% , ,00 7,987453% 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, ,00 8,357778% , ,00 7,40944% 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, ,00 7,752938% , ,39 3,640727% 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, ,39 3,809524% , ,59 47,63409%.593,80 0,06 0,00 0,00 0,00 0,00 0,00 0, ,79 49,839302% Portfolio ,69 * ,92 4,8664% *** ,29 40,006768% *** Credit Enhancement Information Class Original Percentage*** E m pt Beginning Percentage** Ending Percentage** empty WKN Common Code ISIN Moody's (Initial) S&P (Initial) Fitch (Initial) A+ A B C D E F 20,006865% 47,59755% 49,804293% A0N30Z DE000A0N30Z7 Aaa (Aaa) AAA (AAA) AAA (AAA) 6,509239% 39,242303% 4,06705% A0N DE000A0N3005 Aaa (Aaa) AAA (AAA) A (AAA),405783% 27,05049% 28,305225% A0N DE000A0N303 Aa2 (Aa2) AAA (AA) BBB (AA) 8,054% 9,037402% 9,920038% A0N DE000A0N302 A2 (A2) A (A) BB (A) 4,707498%,050029%,562344% A0N DE000A0N3039 Baa3 (Baa2) BBB (BBB) B (BBB),605829% 3,640689% 3,809483% A0N DE000A0N3047 B3 (Ba3) BB (BB) CC (BB) 0,000000% 0,000000% 0,000000% A0N DE000A0N3054 n.r. (n.r.) n.r. (n.r.) n.r. (n.r.) * Initial Replenishment Cap ** percentage rate based on Aggregate *** percentage rate based on Initial Replenishment Cap 09:4 AM Signed by: Page: 09

10 Interest Distribution Pool and IKB International S. A. : Euro Class Original Class Amount Original Notes Class Amount before Distribution Beginning Notes Pool Factor Spread over 3m EURIBOR Interest Interest Amount per Note Total Interest Distribution A+ A B C D E F (Index ) (Credit Spread) * Totals CLN , ,20 0 0, ,90% 0,387% 3,56 35, , ,00 38, ,90% 0,387% 98, , , ,00 464, ,290% 0,487% 24, , , ,00 305, ,490% 0,687% 75, , , ,00 304, ,790% 0,987% 252, , , ,00 282, ,250% 3,447% 880, , , , , ,500% 6,697%.624,30 3,000% 766, , , , ,223303,700% 6,079% 3.936, ,43 Period Fixing Date: Interest Payment Date: m EURIBOR current Period: 0,97% Interest Accrual Period (): Days (act/360): 92 Day Count Fraction: 0, * refer to Original Class Amount 09:4 AM Signed by: Page: 0

11 Structure Glossary Early Redemption The Issuer shall redeem the Mezzanine Notes before the Scheduled Maturity Date (a) on the Payment Date on which KfW exercises its prepayment option under the Mezzanine Certificates (i) upon the occurrence of a Tax Event, or (ii) upon the occurrence of a Mezzanine Regulatory Event in respect of KfW, or (b) as a result of the termination of the Mezzanine Tranche of the Bank Swap by the Bank at its option, (i) as of any Payment Date following the occurence of a Mezzanine Regulatory Event or (ii) as of any Payment Date following the reduction of the Aggregate to less than 0% of the initial Replenishment Cap or (iii) on or after the Payment Date falling in May 203; or (c) on the 0th Business Day following the termination of the Mezzanine Tranche of the Bank Swap upon the occurence of Serious Cause in respect of the Bank or Insolvency of the Bank. Herfindahl Index SPV Liquidation Proceeds (A) the Aggregate as of the end of the relevant Collection Period, squared, divided by (B) the aggregate of the squared (s) of all affiliated with a particular Debtor It means a special purpose company in the form of a sole proprietorship with the statutory object and purpose of the administration and renting of a limited number of commercial real estate properties, and which derives its cash flows exclusively from such property or properties. Liquidation proceeds mean all payments (including principal and interest payments, prepayments and foreclosure proceeds etc.) allocable to the principal amount, then to the Accrued Interest Amount and then to the Enforcement Costs Amount of a Claim to which a Credit Event has occured. Key Dates: Cut off Date Closing Date: Scheduled Maturity: Legal Maturity: Contact: CLO Management Wilhelm Bötzkes Straße Düsseldorf, Germany Tel.: (+49) Fax: (+49) E mail: CLO Management@ikb.de 5th January, th May, th May, th May, 2022 The Investor Report is additionally published on our Homepage [ under: Investor Relations / Fixed / CLO Transactions [ transactions/index.jsp] Suspension Event Replenishment Termination Event It means any of the following: (A) the aggregate Outstanding Nominal Amounts of all with respect to which any due payments of not less than EUR 5,000 has not been made for a period of more than 60 calendar days, but fewer than or equal to 80 calendar days, from the relevant due date exceeds on the Replenishment Date 3% of the Aggregate minus the aggregate Outstanding Nominal Amounts of the Defaulted and Liquidated at such time; or (B) the aggregate Outstanding Nominal Amounts of all with respect to which (i) Bankruptcy has occured, or (ii) any due payments of not less than EUR 5,000 has not been made for a period of more than 80 calendar days from the relevant due date exceeds on the Replenishment Date % of the Initial Aggregate. It occurs if (A) at any time, the rating by S&P and Fitch initially assigned to any Class of Notes is withdrawn or lowered, or (B) the sum of the Realised Losses allocated to the Notes (as reduced by Late Recoveries and/or as a result of the Unjustified Loss Allocation procedure) exceed EUR 2,000, :4 AM Signed by: Page:

12 Stratification Tables Debtor s I Pool and IKB International S. A. : Euro (Debtor s) Debtor s Rental Agreements Prior Charges Paripassu (incl. Syndication) Minimum: Maximum: Average: < < < < < < < < < < < < < < ,4% ,49% 9,23, ,65% ,62% 3,2, ,5% ,77%,46 0, ,30% ,65% 4,55, ,35% ,63% 3,3 0, ,78% ,62%,92 0, ,76% ,40% 2,83, ,92% ,25% 5,57 3, ,65% ,5% 6,03, ,07% ,33%,65,36 >= ,96% ,65%,6,00 Total ,94% 2,8, Loan To Debtor s Rental Agreements Prior Charges Paripassu (incl. Syndication) Minimum: Maximum: < 0% 0% < 20% 20% < 30% 30% < 40% 40% < 50% 50% < 60% 60% < 70% 70% < 80% 80% < 90% 90% < 00% >= 00% ,7% ,27% 38,42 5, ,48% ,56% 6,23, ,9% ,78% 8,47, ,47% ,80% 6,57, ,07% ,32% 7,5, ,72% ,65% 2,7, ,5% ,8%,44, ,04% ,48% 0,93 0,62 Total ,94% 2,8,3,55% 79,56% 09:4 AM Page: 2

13 Stratification Tables Debtor s II Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Interest Coverage Ratio Debtor s Rental Agreements Prior Charges Paripassu (incl. Syndication) <,00,00 <,25,25 <,50,50 <,75,75 < 2,00 2,00 < 2,25 2,25 < 2,50 2,50 < 2,75 2,75 < 3,00 3,00 < 3,25 3,25 < 3,50 3,50 < 3,75 3,75 < 4,00 4,00 < 4,25 4,25 < 4,50 4,50 < 4,75 4,75 < 5,00 >= 5,00 Minimum: 0,00 Maximum: 87, ,56% ,60% 0,37 0, ,86% ,76%,7, ,84% ,76%,49, ,3% ,73%,67, ,78% ,62%,92 0, ,20% ,92% 2,6, ,66% ,% 2,26, ,99% ,9% 2,6, ,03% ,27% 2,9, ,35% ,63% 3,3 0, ,87% ,97% 3,43, ,5% ,25% 3,97, ,39% ,07% 9,46 2,38 Total ,94% 2,8,3 09:4 AM Page: 3

14 Stratification Tables Debtor s III Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debt Service Coverage Ratio Debtor s Rental Agreements Prior Charges Paripassu (incl. Syndication) <, ,0% ,93%,44 0,55,00 <, ,5% ,7%,47,06,25 <, ,34% ,3% 5,4,39,50 <, ,62% ,68% 2,7,67,75 < 2, ,8% ,69% 7,84,93 2,00 < 2, ,70% ,92% 2,3 2,3 2,25 < 2, ,45% ,20% 0,72 2,38 2,50 < 2, ,0% ,20% 2,24 2,54 2,75 < 3,00 3,00 < 3, ,97% ,78% 5,67 3,0 3,25 < 3, ,02% ,82% 47,35 3,43 3,50 < 3,75 3,75 < 4, ,02% ,25% 40,03 3,83 4,00 < 4,25 4,25 < 4,50 >= 4, ,08% ,23% 5,03 8,6 Total ,94% 2,8,3 Minimum: 0,00 Maximum: 0,22 09:4 AM Page: 4

15 Stratification Tables Debtor s IV Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Seasoning (years) * Debtor s Rental Agreements Prior Charges Paripassu (incl. Syndication) < < 2 2 < 3 3 < 4 4 < 5 5 < 6 6 < 7 7 < 8 8 < 9 9 < 0 >= 0 Minimum: 4,23 Maximum: 23,03 Weighted Average: 8, ,89% ,7%,90, ,75% ,97% 2,36, ,62% ,88% 8,06 2, ,00% ,4%,44, ,67% ,86% 2,48, ,06% ,63% 3,27, ,00% ,0% 3,03 0,79 Total ,94% 2,8,3 Weighted Average Life (years) Debtor s Rental Agreements Prior Charges Paripassu (incl. Syndication) Minimum: Maximum: Weighted Average: < < 2 2 < 3 3 < 4 4 < 5 5 < 6 6 < 7 7 < 8 8 < 9 9 < 0 0 < 5 5 < < ,73% ,3%,72, ,72% ,23% 4,38 2, ,28% ,35% 8,78, ,87% ,47% 5,5, ,2% ,79% 2,5 2, ,53% ,04%,75, ,8% ,48% 3,4, ,93% ,54% 0,48 0,38 >= Total ,94% 2,8,3 0,00 9,6 3,43 * Note: For Debtor s with more than one loan tranche the earliest loan origination date has been used. 09:4 AM Page: 5

16 Stratification Tables Debtor s V Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debtor Rental Agreements Prior Charges Paripassu (incl. Syndication) Total ,96% ,65%,6, ,66% ,% 2,26, ,93% ,54% 0,48 0, ,78% ,92%,66, ,70% ,92% 2,3 2, ,39% ,59% 0,73 2, ,26% ,94%,2, ,92% ,25% 5,57 3, ,89% ,79% 2,23, ,87% ,97% 3,43, ,36% ####### 30,84 5,95 09:4 AM Page: 6

17 Stratification Tables Debtor s VI Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,65% , ,00 Borrower Loan Info Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type EUR, ,0 Interest floating (hedged) Bullet Yes 3,5 Hesse Germany SPV Exposure Debt Info Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life, Office ,48 Freehold 33,0 28,0 3,5 Hesse Germany Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,% , ,69 Borrower 2 Loan Info 2 Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type SPV Exposure EUR, , Interest floating (hedged) Fixed Installments Yes 3,0 Berlin Germany EUR, , Interest floating (hedged) Fixed Installments Yes 3,0 Berlin Germany Debt 2,00 Info 2 3 Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life Office ,96 0,5% Freehold 83,0 36,0 3,0 Outside Germany Great Britain Office ,98 Freehold 53,0 50,0 2,5 North Rhine Westphalia Germany Office ,98,07% Freehold 9,0 4,0 2,5 Bavaria Germany 09:4 AM Page: 7

18 Stratification Tables Debtor s VII Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,54% , ,38 Borrower Loan Info Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type EUR, ,6 Interest fixed Annuity Yes 5,5 Hamburg Germany SPV Exposure Debt 3,00 Info 2 3 Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life Office Leasehold 24,0 36,0 5,0 Outside Germany Netherlands Office Freehold 24,0 36,0 3,5 Outside Germany Netherlands Office ,24,23% Freehold 0,0 50,0 2,5 Outside Germany Netherlands Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,92% , ,24 Borrower Debt Loan Info Info Date Exchange Type Maturity Date Reset Date Tenant Units Seasoning in Years Rental Period (years) Interest Type Vacancy (sqm) Tenure Amortisation Type EUR, ,9 Interest fixed Fixed Installments No 2,0 Bavaria Germany Building Age Remaining Useful Life 4, Retail ,0 Freehold 3,0 32,0 2,0 Bavaria Germany SPV Exposure 09:4 AM Page: 8

19 Stratification Tables Debtor s VIII Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,92% , ,3 Borrower Debt Loan Info Info Date Exchange Type Maturity Date Reset Date Tenant Units Seasoning in Years Rental Period (years) Interest Type Vacancy (sqm) Tenure Amortisation Type EUR, ,3 Interest fixed Bullet Yes 2,5 Hamburg Germany Building Age Remaining Useful Life 5, Retail ,32,04% Freehold 0,0 50,0 2,0 Hamburg Germany SPV Exposure Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,59% , ,38 Borrower 6 Loan Info 2 Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type SPV Exposure EUR, ,5 Interest floating Fixed Installments No 2,0 Berlin Germany EUR, ,5 Interest floating Fixed Installments No 2,0 Berlin Germany Debt Info Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life 6, Hotel ,29,99% Freehold 7,0 53,0 2,0 Saxony Germany 09:4 AM Page: 9

20 Stratification Tables Debtor s IX Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,94% , ,09 Borrower Debt Loan Info Info Date Exchange Type Maturity Date Reset Date Tenant Units Seasoning in Years Rental Period (years) Interest Type Vacancy (sqm) Tenure Amortisation Type EUR, ,6 Interest fixed Fixed Installments Yes 2,5 Outside Germany Austria Building Age Remaining Useful Life 7, Office ,90% Mixed 3,0 38,0 2,5 Outside Germany Austria SPV Exposure Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,25% , ,0 Borrower 8 Loan Info 2 Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type SPV Exposure EUR, ,8 Interest floating (hedged) Bullet Yes 2,0 Outside Germany Luxembourg EUR, ,8 Interest floating (hedged) Fixed Installments Yes 2,0 Outside Germany Luxembourg Debt Info Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life 8, Office ,2 0,26% Freehold 5,0 45,0 2,0 Outside Germany Luxembourg 09:4 AM Page: 20

21 Stratification Tables Debtor s X Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,79% , ,37 Borrower Loan Info Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type EUR, ,8 Interest fixed Fixed Installments Yes 2,0 Hamburg Germany SPV Exposure Debt 9,00 Info 2 Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life Office ,90 Freehold 47,0 29,0 2,0 Bremen Germany Office ,90 Freehold 30,0 30,0 2,0 Schleswig Holstein Germany Debtor Prior Charges Paripassu (incl. Syndication) Interest Service Debt Service ,97% , ,64 Borrower Loan Info Exchange Maturity Date Reset Date Seasoning in Years Interest Type Amortisation Type EUR, ,7 Interest fixed Annuity Yes 2,0 Hamburg Germany SPV Exposure Debt Info Date Type Tenant Units Rental Period (years) Vacancy (sqm) Tenure Building Age Remaining Useful Life 0, Office ,27 Freehold 47,0 35,0 2,0 Saarland Germany 09:4 AM Page: 2

22 Stratification Tables I Pool and IKB International S. A. : Euro Last Investor Report + Early Redemption Report EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany < < < < < < < < < < < < < < < < < < < < < < < < ,70% ,90% 87,4% 2,59% 83,03% 6,8% 0,5% 43,97% 7,2,45 9,77% 90,23% 9 2,6% ,83% 86,50% 3,50% 40,34% 26,73% 32,93% 5,9% 2,83, ,70% ,43% 0 49,53% 50,47% 42,98% 5,46, ,4% ,54% 75,88% 24,2% 0 64,7%,93,4 0,35% ,35% ,23%,65 0, ,70% ,23% ,42%,55 0,38 0,35% ,89% ,57% 2,9, ,70% ,88% ,03% 7,97, ,70% ,60% 0 5,8% 48,9% 52,25% 8,24 2,69 5,8% 48,9% 3 4,05% ,82% 66,95% 33,05% 0 59,28% 3,29,77 65,5% 34,49%,35% ,00% ,59% 0,73 2, ,05% ,88% 0 65,35% 34,65% 50,88% 2,63,57 0,35% ,26% ,94%,2, ,05% ,42% ,88%,4,24 0 >= ,35% ,96% ,65%,6,00 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% Minimum: Maximum: Average: EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany EUR (,0000) 62 83,78% ,45% 0 42,66% 6,58% 50,76% 58,55% 2,88,37 0,3% 88,69%,0% CHF (,627) 2 6,22% ,55% 0 57,36% 6,93% 35,7% 63,82%,87 0,56 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% 09:4 AM Page: 22

23 Stratification Tables II Pool and IKB International S. A. : Euro Seasoning (years) EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany < < 2 2 < 3 3 < 4 4 < 5 5 < 6 6 < 7 7 < 8 8 < 9 9 < 0 >= 0 Minimum: Maximum: Weighted Average: Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% 4,23 23,03 7,88 6 8,% ,92% 0 99,43% 0,57% 52,08%,9,32,30% 98,70% 3 4,05% ,72% ,05% 2,35,95,57% 98,43% 2 6,22% ,09% 99,0% 0,90%,40% 4,2% 57,39% 49,22% 7,36 2,3 62,45% 37,55% 4,86% ,63% 0 3,63% 0,07% 86,30% 64,93%,43, ,8% ,8% 0 58,06% 0,64% 4,30% 6,97% 2,47, 74,72% 25,28% 5 6,76% ,38% ,5% 3,20, ,9% ,45% 35,0% 64,90% 66,90% 8,93% 24,7% 60,9% 3,08 0,78 0,75% 99,25% Remaining Term (years) EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany 0 < < < 2 2 < 3 3 < 4 4 < 5 5 < 0 0 < 5 5 < < < < < 40 Minimum: Maximum: Weighted Average: 24 32,43% ,47% 64,52% 35,48% 89,98% 5,65% 4,38% 6,60% 2,0,02 0,27% 99,73% 6 8,% ,7% 99,93% 0,07% 0,27% 99,73% 66,65%,4, ,8% ,87% 67,5% 32,85% 2,34% 97,66% 56,3% 5,3 2,3 37,52% 62,48% 2 2,70% ,87% 0 0 6,50% 2,23, ,76% ,3% 0 46,99% 43,78% 9,22% 48,74% 6,06, ,70% ,75% ,54% 2,25 2, ,32% ,83% 95,63% 4,37% 64,35% 4,37% 3,28% 53,9% 3,99,07,75% 53,78% 44,48% 6 8,% ,22% 0 76,39% 23,6% 46,75% 3,2, ,70% ,04% 0 0 7,99% 23,37 0,22 0,35% ,93% ,54% 0,48 0,38 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% 0,00 30,30 4,8 09:4 AM Page: 23

24 Stratification Tables III Pool and IKB International S. A. : Euro Time to Next Reset (years) EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany < 39 52,70% ,4% 93,99% 6,0% 37,04% 8,73% 54,23% 60,0% 2,77,33 0,05% 92,26% 7,69% < 2 3 7,57% ,20% 78,78% 2,22% 48,62% 3,95% 47,43% 62,59% 2,90,33 69,66% 30,34% 2 < 3 5 6,76% ,73% 0 50,60% 49,40% 5,4%,99 0,8 0 3 < 4 6 8,% ,2% 0 87,55% 2,45% 50,9% 2,65,30,33% 98,67% 4 < 5 3 4,05% ,42% ,99% 4,42,3 0 5 < 6 5 6,76% ,26% 0 0 2,75% 8,9 2,89 49,95% 50,05% 6 < 7,35% ,50% ,9% 6,98, < 8,35% ,94% ,38% 3,00,2 0 8 < 9,35% ,4% ,23%,65 0, < 0 >= 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% Minimum: 0,03 Maximum: 8,72 Weighted Average:,40 09:4 AM Page: 24

25 Stratification Tables IV Pool and IKB International S. A. : Euro Interest Type EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany Interest fixed 46 62,6% ,77% 90,0% 9,90% 0 56,49% 2,23,22 0,57% 87,4% 2,02% Interest floating 3 7,57% ,6% 92,08% 7,92% 0 5,62% 9,4 2,3 0,5% 99,49% Interest floating (hedged) 5 20,27% ,62% 94,57% 5,43% 0 62,08% 2,47,28 90,09% 9,9% Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% Amortisation Type EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany Annuity 33 44,59% ,97% 86,60% 3,40% 0 55,82% 2,58,03 0,6% 99,39% Fixed Installments 28 37,84% ,53% 92,0% 7,99% 38,55% 4,66% 46,80% 54,57% 4,3,49 0,40% 8,5% 8,45% Bullet 3 7,57% ,5% 95,85% 4,5% 20,7%,70% 77,60% 65,0%,56,27 93,7% 6,83% Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% Special Purpose Vehicle EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany No 5 68,92% ,23% 77,49% 22,5% 5,46% 22,5% 26,03% 53,5% 4,32,25 0,97% 99,03% Yes 23 3,08% ,77% 98,63%,37% 40,59% 0,04% 59,36% 6,34% 2,8,33 85,62% 4,38% Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% Exposure EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany,0,5 2,0 2,5 3,0 3,5 4,0 4,5 5,0 and below Minimum: Maximum: Weighted Average: 6 8,% ,4% 0 36,64% 63,36% 22,55% 9,86, ,03% ,8% 0 58,03% 8,47% 23,50% 5,68% 4,47,80 83,5% 6,85% 7 22,97% ,75% 0 76,84% 23,6% 54,27% 3,42,47 0,72% 69,65% 29,63% 2 6,22% ,08% 76,53% 23,47% 4,6% 0,3% 85,08% 58,6% 2,72,34,40% 98,60%,35% ,96% ,65%,6, ,32% ,89% 6,58% 38,42% 86,56% 9,2% 4,24% 66,83%,20 0,56 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8%,00 6,00 3,07 09:4 AM Page: 25

26 Stratification Tables V Pool and IKB International S. A. : Euro al Concentration EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany Baden Wuerttemberg 3 4,05% ,5% ,46% 2,48,30 0 Bavaria 4,86% ,% 75,52% 24,48% 54,% 45,89% 55,85% 2,0 0,96 0 Berlin 6 2,62% ,28% 99,% 0,89%,84% 40,8% 57,35% 54,7% 5,86,95 0 Brandenburg 2 2,70% ,04% 0 0 7,99% 23,37 0,22 0 Bremen Hamburg 4 5,4% ,40% ,97%,90,35 0 Hesse 4 5,4% ,04% 0 0,28% 99,72% 67,49%,27,0 0 Lower Saxony 8 0,8% ,33% 0 0 5,52% 2,09 0,89 0 Mecklenburg Western Pomerania North Rhine Westphalia 3 7,57% ,45% 70,05% 29,95% 74,99%,74% 3,26% 6,27% 3,56 0,95 0 Rhineland Palatinate 6 8,% ,79% 50,95% 49,05% 48,78% 0,79% 40,43% 48,63% 7,5,08 0 Saarland Saxony,35% ,09% 0 0,8% 6,53,20 0 Saxony Anhalt Schleswig Holstein Thuringia 3 4,05% ,5% 0 78,07% 2,93% 36,25% 3,97,32 0 Outside Germany 3 4,05% ,8% 0 5,69% 48,3% 62,26% 3,3 2,02 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% EUR CHF Fixed (hedged) East Germany (excl. Berlin, West Germany (incl. Berlin, Outside Germany Austria Germany Luxembourg,35% ,26% ,94%,2, ,95% ,82% 9,59% 8,4% 42,87% 7,36% 49,77% 58,57% 2,75,23 0,32% 99,68% 2 2,70% ,92% ,25% 5,57 3,0 0 Total ,45% 7,55% 43,77% 6,6% 49,62% 58,94% 2,8,3 0,28% 89,54% 0,8% 09:4 AM Page: 26

27 Stratification Tables I Pool and IKB International S. A. : Euro () Rental Agreements < < < < < < < < < < < < < < < < < < >= Minimum: Maximum: Average: ,37% ,9% ,49% ,30% 24,03% 4,28 2,0 5 9,80% ,20% ,80% ,30% 47,98% 3,49,02 3 5,88% ,94% ,86% ,30% 47,86% 4,40,2 2 3,92% ,7% ,36% ,53% 53,74%,86,8 4 7,84% ,9% ,9% ,72% 6,96%,87,06 3 5,88% ,68% ,47% ,93% 58,65%,28 0,63 4 7,84% ,33% ,59% ,0% 63,35% 2,06 0,90 3 5,88% ,94% ,44% ,87% 53,92% 5,99,39,96% ,26% ,68% ,89% 53,79% 2,23,37,96% ,67% ,98% ,86% 57,62%,92 0,55 3 5,88% ,6% ,00% ,52% 53,32% 2,22,3 3 5,88% ,56% ,95% ,69% 57,8% 5,88 2,5 2 3,92% ,49% ,49% ,36% 53,42%,89,68,96% ,96% ,98% ,62% 67,65%,6,00 Total ,94% 2,8,3 Type Rental Agreements Office 9 37,25% ,97% ,36% ,82% 62,37%,85,2 Retail 7 3,73% ,78% ,72% ,27% 54,99% 2,8,53 Warehouse / Distribution 3 5,88% ,8% ,49% ,99% 38,53% 0,36,24 Mixed Use 6 3,37% ,57% ,20% ,78% 56,0% 3,76,00 Residential 3 5,88% ,22% ,7% ,8% 36,46% 4,77,22 Hotel 3 5,88% ,28% ,07% ,97% 47,05% 9,53 2,23 Other Total ,94% 2,8,3 09:4 AM Page: 27

28 Stratification Tables II Pool and IKB International S. A. : Euro al Concentration (German States / outside Germany) Rental Agreements Baden Wuerttemberg 3 5,88% ,50% ,20% ,72% 59,84% 2,7,2 Bavaria 3 5,88% ,30% ,26% ,5% 54,40%,80,29 Berlin 9 7,65% ,93% ,49% ,5% 47,53% 6,04 0,98 Brandenburg 2 3,92% ,5% ,8% ,33% 5,94% 5,48 4,78 Bremen,96% ,26% ,68% ,89% 53,79% 2,23,37 Hamburg 2 3,92% ,65% ,47% ,2% 55,56% 2,35,87 Hesse 3 5,88% ,99% ,3% ,08% 67,57%,26,0 Lower Saxony,96% ,33% ,42% ,46% 5,52% 2,09 0,89 Mecklenburg Western Pomerania,96% ,4% ,5% ,43% 4,47% 32,8,22 North Rhine Westphalia 2,57% ,7% ,93% ,75% 6,0% 2,95,07 Rhineland Palatinate Saarland,96% ,87% ,79% ,08% 34,97% 3,43,64 Saxony 5 9,80% ,99% ,59% ,05% 46,02% 8,8,97 Saxony Anhalt,96% ,34% ,2% ,8% 44,23%,65 0,49 Schleswig Holstein,96% ,63% ,49% ,66% 53,79% 2,23,37 Thuringia,96% ,5% ,07% ,09% 36,25% 3,97,32 Outside Germany 6,76% ,60% ,85% ,5% 63,7% 2,27,47 Total ,94% 2,8,3 Rental Agreements Austria Germany Great Britain Luxembourg Netherlands,96% ,26% ,90% ,27% 66,94%,2, ,24% ,40% ,5% ,49% 57,78% 2,94,27,96% ,49% ,85% ,45% 63,% 2,26,69,96% ,92% ,22% ,83% 57,25% 5,57 3,0 3 5,88% ,93% ,88% ,95% 66,54% 0,48 0,38 Total ,94% 2,8,3 09:4 AM Page: 28

29 Stratification Tables III Pool and IKB International S. A. : Euro Rental Agreements < < < < < < < < < < >= ,4% ,20% ,27% ,46% 49,80% 4,35,26 5 9,80% ,63% ,46% ,07% 52,52% 3,74,22 0 9,6% ,22% ,36% ,4% 59,56% 2,32 0,94 2 3,92% ,20% ,5% ,67% 46,35% 7,8,36 3 5,88% ,58% ,97% ,20% 6,85%,62 0,86,96% ,79% ,35% 0 66,54% 0,48 0,38 3 5,88% ,75% ,47% ,% 48,0% 6,9,97 5 9,80% ,62% ,59% ,09% 63,25%,77,37 Minimum: Maximum: Average: Total ,94% 2,8,3 Minimum: Maximum: Weighted Average:,0,5 2,0 2,5 3,0 3,5 4,0 4,5 5,0 and below Rental Agreements 3 25,49% ,42% ,66% ,54% 20,2% 2,36 2, ,4% ,5% ,25% ,83% 5,04% 4,48,80 0 9,6% ,9% ,74% ,2% 60,20%,95,6 7 3,73% ,66% ,82% ,83% 6,90% 2,34,5 2 3,92% ,8% ,88% ,70% 67,58%,2 0,97 4 7,84% ,77% ,65% ,90% 66,78%,28 0,43 Total ,94% 2,8,3,00 5,00 2,80 09:4 AM Page: 29

30 Stratification Tables IV Pool and IKB International S. A. : Euro Building Age (years) Rental Agreements < 5 5 < 0 2 3,92% ,73% ,95% ,77% 47,39% 0,9 2,27 0 < 5 9 7,65% ,6% ,95% ,00% 58,62%,89,37 5 < ,80% ,8% ,39% ,85% 6,73% 3,93 2,5 20 < ,80% ,93% ,0% ,75% 59,24% 0,96 0,5 25 < ,92% ,92% ,84% ,24% 54,79% 4,4,5 30 < 35 6,76% ,28% ,96% ,32% 65,39%,57,03 35 < 40 6,76% ,56% ,75% ,04% 48,84% 7,26,33 40 < ,88% ,06% ,37% ,48% 58,84% 2,4 0,72 >= ,49% ,0% ,77% ,56% 5,6% 2,90,53 Total ,94% 2,8,3 Minimum: Maximum: Average: 7,00 53,00 37,53 Remaining Useful Life (years) < 0 0 < < < < < < 70 >= 70 Rental Agreements 3 5,88% ,2% ,45% ,88% 47,68% 5,04,6 8 5,69% ,74% ,80% ,62% 48,27% 6,98,7 4 27,45% ,90% ,96% ,7% 64,56%,58 0, ,53% ,02% ,55% ,45% 57,36%,76,8 7 3,73% ,58% ,58% ,74% 57,63% 3,66,94 4 7,84% ,44% ,49% ,99% 54,00% 5,2 2,0 3 5,88% ,20% ,6% ,6% 37,52% 5,26 0,74 Total ,94% 2,8,3 Minimum: Maximum: Average: 7,00 66,00 3,37 09:4 AM Page: 30

31 Stratification Tables V Pool and IKB International S. A. : Euro Tenant Units Rental Agreements 0 2 3,92% ,42% ,82% 0 70,05% 0,30 0, ,25% ,53% ,25% ,37% 60,59% 2,36,7 2,96% ,4% ,3% ,8% 5,9% 2,53,00 3 4,96% ,34% ,2% ,8% 44,23%,65 0, ,92% ,95% ,32% ,34% 57,04% 2,6, ,84% ,98% ,78% ,99% 53,78% 7,76, ,88% ,43% ,50% ,6% 50,86% 2,57 0, ,92% ,79% ,22% ,26% 7,%,73,22 9,96% ,02% ,08% ,3% 4,25% 40,03 3,83 0,96% ,06% ,08% ,09%,79% 9,7 2,32 2,96% ,8% ,2% ,2% 24,69% 7,84,93 3,96% ,05% ,04% ,04% 7,73% 5,20, ,92% ,70% ,77% ,9% 54,9% 3,46 2,05 more than 5 2,57% ,3% ,77% ,69% 57,26% 2,7,33 Total ,94% 2,8,3 Tenure Rental Agreements Freehold 49 96,08% ,95% ,74% ,73% 58,26% 2,97,35 Leasehold,96% ,79% ,35% 0 66,54% 0,48 0,38 Mixed,96% ,26% ,90% ,27% 66,94%,2,09 Total ,94% 2,8,3 09:4 AM Page: 3