GN GROUP REAL ESTATE. Central-Eastern Europe INVESTORS. Become our partner

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1 GN GROUP REAL ESTATE Central-Eastern Europe INVESTORS Become our partner

2 GN GROUP WHO WE ARE LAND ACQUISITION STRUCTURING AND ADMINISTRATION GN Group was established over 20 years ago and is part of Gosch Family business. The GN Group has always been successfully present in various industries in Central and Eastern Europe. GN Group has been solely focused on real estate since 2004 and has completed a number of residential and commercial projects of around sqm in total. The company is currently developing sqm of residential and commercial properties, having secured plots for sqm to be developed in next 3-4 years. DESIGN AND PERMITTING FINANCING CONSTRUCTION AND DEVELOPMENT MANAGEMENT GN Group is fully stuffed with seasoned professionals with proven track record in their respective fields and GN Group s team is capable to successfully execute and manage development projects in the widest possible range throughout entire development cycle, i.e. from plot sourcing to sale of apartments and subsequent management of developed properties. COMMERCIALISATION AND AFTER-SALES SERVICES INVESTOR RELATIONS 1

3 GN GROUP COMPLETED PROJECTS GN Group has successfully completed number of residential and commercial projects, of which the most landmark are Półwiejska_2 and K9 Office, both in Poznań. These are mixed-use retail and office properties of sqm GLA, located in prestigious and historical part of Poznań. Both were developed, commercialized and sold to third party investors. Polwiejska_2 was sold to a well-known international institutional investor, whereas office units in K9 were sold to individual clients. 2

4 WHY JOIN GN GROUP REI? MARKET EXPERTISE ACCESS TO UNIQUE LOCATIONS INVESTING ALONG GN GROUP EXPOSURE TO THE SAME RISKS FULL ALIGNMENT OF INTERESTS MOTIVATION TO SUCCESSFUL COMPLETION FINANCIAL STRENGTH SPONSORED BY WEALTHY INDIVIDUALS FAIR RELATION BETWEEN INVESTORS AND DEVELOPER HANDS-ON EXPERIENCE ABILITY TO DELIVER PROJECTS EXPOSURE TO INDIVIDUAL PROJECTS INVESTORS INVEST ON THE PROJECT LEVEL PROVEN TRACK RECORD COMPLETED PROJECTS OPPORTUNITY TO INVEST WELL ADVANCED DEVELOPMENTS 3

5 FULL TRANSPARENCY FULL DOCUMENTATION AVAILABLE TO INVESTORS DEVELOPMENT PROCESS OPTIMIZED MASTERED TO MAXIMIZE PROFITS PROFESSIONAL TEAM SEASONED EXECUTIVES NO HIDDEN FEES ONLY PROJECT RELATED WORKING WITH REPUTABLE SERVICE PROVIDERS LONG-TERM EXPERIENCE LONG-TERM RELATIONS WITH INVESTORS AND BUSINESS PARTNERS 4

6 GN GROUP REAL ESTATE INVESTORS GN GROUP REI is our new initiative for private and institutional investors Investors will be invited to invest into projects developed by GN Group in the various asset classes, including residential, office, retail, hotels or student houses. Careful selection of projects, in-depth market knowledge, putting own equity at risk as well as risk management and high standards of GN Group provides for additional comfort and security for Investors. who want to participate directly in property projects developed by GN GROUP. 5

7 GN GROUP REAL ESTATE INVESTORS GN Group REI is a response to the market demand expressed by investors seeking alternative opportunities to invest directly into projects with defined and managed risk profile, together with reputable, financially sound and fair partner. The GN GROUP REI offers Investors a unique opportunity to invest into well advanced development projects with an attractive risk-return profile. Projects are selected in the way to offer investors returns in the prudent range of 8-12% p.a. (PLN) before taxes. 6

8 GN GROUP REI A WELL KNOWN TOOL Our particular model of investment attracts investors because each project has clearly defined and managed: INVESTMENT TIMELINE This type of joint investment and project financing, not present on the Polish market, is very well known and established in Western Europe countries, especially Austria and Germany. It has a long and successful history, providing repeating opportunities for investors to participate in and benefit from development projects they would not be able and capable to execute themselves. RISK PROFILE RETURN EXPECTATIONS BUDGET AND COSTS EXIT TIME AND STRATEGY 7

9 GN GROUP REAL ESTATE INVESTORS ADVANTAGES FAIR PARTNERSHIP INVESTOR AND GN GROUP BECOME REAL AND LONG-TERM BUSINESS PARTNERS. FLEXIBILITY AND FREEDOM INVESTOR SELECTS PROJECTS AND SIZE OF THE INVESTMENT MEETING HIS PREFERENCES. ADVANCED STAGE OF PROJECTS INVESTORS ARE PRESENTED WITH PROJECTS AT ADVANCED STAGE WITH CLEARLY DEFINED NUMBER OF RISKS. SHARED RISKS GN GROUP, AS THE CORNERSTONE INVESTOR, IS EXPOSED TO THE SAME RISKS AS INVESTORS. LONG-TERM RELATIONS GN GROUP VALUES LONG TERM CO-OPERATION WITH INVESTORS AND ALL BUSINESS PARTNERS. 8

10 GN GROUP REAL ESTATE INVESTORS INVESTMENT STRUCTURE Each investor becomes a limited partner (komandytariusz) of the project company. Designated company of GN Group will act as a general partner (komplementariusz). Investors equity is provided to the project company as an optimal combination of equity and shareholders loans. Organisational structure and operational model of GN Group REI is not regulated by Polish Financial Supervision Authority (KNF). GN GROUP LP 100% SPV (Sp. z o.o.) GENERAL PARTNER 25% SPV (spółka komandytowa) INVESTORS LP LP LP LP 75% *LP - limited partner (komandytariusz) of the project company. 9

11 GN GROUP REAL ESTATE INVESTORS BENEFITS DIRECT INVESTMENT ON THE PROJECT LEVEL UNIQUE ON THE MARKET INVESTOR IS CHOOSING A PROJECT AT HIS OWN DISCRETION ATTRACTIVE RETURNS OF 8-12% p.a. DEPENDING ON THE PROJECT RISK AND INTEREST PROFILE FULLY ALIGNED WITH GN GROUP MID-TERM INVESTMENT PERIOD MONTHS FULL TRANSPARENCY PERIODICAL REPORTS AND ANNUAL AUDITS 10

12 GN GROUP REAL ESTATE INVESTORS CAPITAL STRUCTURE AND PROFIT SHARE EQUITY PARTICIPATION PROFIT SHARE GN GROUP 25% 50% GN GROUP LP REQUESTED PROJECT EQUITY (SPV S EQUITY) INVESTORS 75% 50% INVESTORS LP LP LP LP *LP - limited partner (komandytariusz) of the project company. 11

13 GN GROUP REAL ESTATE INVESTORS MANAGEMENT TEAM Our team of managing experts and executives have developed in total over 70 real estate investments in Poland which shows a track record of around: apartment units sqm of retail and office space GBA four- and five-star hotel rooms. 12

14 KARL-HEINZ GOSCH FOUNDER AND CEO Founder of GN Group and CEO of its managing companies. GN GROUP REAL ESTATE INVESTMENT CLUB MANAGEMENT TEAM BEATA KIJOWSKA COMMERCIAL ADVISOR Over 24 years of experience in real estate market including managerial positions in Polish and international development and construction companies. Mrs. Kijowska has gained extensive experience in acquisitions, development and commercialization of real estate developments all over Poland. Licensed architect, graduated from Technical University in Gdańsk and holds MBA degree from Gdańsk Foundation for Management Development. 13

15 PIOTR M. KRAWCZYŃSKI INVESTOR RELATIONS Piotr has always been involved in the investment and private equity business, currently managing an independent advisory company Synerium established after 17 years working for Kulczyk Investments. Among number of projects, Piotr created and managed, as Managing Director, Kulczyk Investments commercial real estate business for 8 years comprising two real estate companies: Kulczyk Real Estate Holding and Kulczyk Silverstein Properties. During his over 10 years experience in the real estate sector, Piotr was responsible for acquisition and asset management of portfolio totaling EUR 350m of existing assets ( sqm of office) and development project. Piotr has been holding various positions in supervisory boards of financial institutions as well as stock listed companies. PIOTR ŁOPATKA OPERATIONAL DIRECTOR Manager with extensive experience in project management and real estate market. Started his career in IT consulting sector and went from Analyst to COO and then CEO of leading consulting company. Since 2007 Mr. Łopatka remains in real estate as a Member of the Management Board of WSE listed development company from Poznań and then in GN Group. Graduate of Poznan University of Economics, Faculty of Management, specializing in Capital Investments and Corporate Financial Strategies. 14

16 GN GROUP REI PROJECT EXAMPLE High-end sea view residential project with a SPA component, located at the beachfront in Mielno, one of the most popular holiday destination in Poland. Two buildings with underground parking Usable apartments space: m 2 Number of apartments: 78 Number of parking lots: 85 15

17 GN GROUP REI PORTFOLIO PROJECT LOCATION (DISTRICT) STATUS SEGMENT M 2 USABLE FLOOR SPACE PROJECT EXIT INVESTMENT VOLUME (PLN) ROE p.a. Półwiejska_2 Poznań Completed Office, High Street Retail, Parking above 15% K9 Office Poznań Completed Office for sale above 15% Ville Bonaparte (phase 1) Rokietnica / Poznań Under construction Residential above 12% Ville Bonaparte (phase 2) Rokietnica / Poznań Under construction Residential %* Ville Bonaparte (phase 3) Rokietnica / Poznań Start 2018 Residential %* 16 * forecast

18 GN GROUP REI PIPELINE PROJECT LOCATION (DISTRICT) STATUS SEGMENT M 2 USABLE FLOOR SPACE PROJECT EXIT INVESTMENT VOLUME (PLN) ROE p.a. Jantaris Mielno (Baltic seaside) Start 4Q 2017 Beachfront Residential %* Warsaw Upper-Level Słowiańska Pipeline (Bielany) Residential under estimation Chlewińska Warsaw (Bielany) Pipeline Luxury Residential under estimation Olbrachta Warsaw (Wola) Pipeline Apartment for rent under estimation Brzeska Warsaw (Stara Praga) Pipeline Residential under estimation Dolna Wilda Poznań Pipeline Residential * forecast under estimation

19 GN GROUP REI SCHEDULE PÓŁWIEJSKA_2, Poznań K9 OFFICE, Poznań VILLE BONAPARTE, phase I VILLE BONAPARTE, phase II JANTARIS, Mielno SŁOWIAŃSKA, Warsaw VILLE BONAPARTE, phase III BRZESKA, Warsaw CHLEWIŃSKA, Warsaw OLBRACHTA, Warsaw DOLNA WILDA, Poznań COMPLETED UNDER CONSTRUCTION ONGOING PIPELINE 18

20 Central-Eastern Europe GN MANAGEMENT HOLDING SP. Z O.O. SP.K. UL. KRYSIEWICZA 9, POZNAŃ WARSAW BRANCH RONDO 1, 10TH FLOOR RONDO ONZ 1, WARSZAWA INVESTOR RELATIONS PIOTR M. KRAWCZYŃSKI M: T: E: P.KRAWCZYNSKI@GN-GROUP.PL