Emmerich - Shopping Center

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Commercial complex includes selling space and a large parking lot. The tenant is a brand dealing in DIY (do it yourself), and is one of the leaders in the field in Germany.

Property size - 8,036 square meters, including 5,008 square meters of commercial space, 380 square meters offices, 1,540 square meters greenhouses, and 1,108 square meters closed garden areas as well as 482 open parking spaces.

Plot area - 23,650 square meters.

Bank loan (as of 12/31/2014) of approximately 6,923 thousand Euro for a period of ten years starting October, 2011, with a fixed annual interest of 3.89%.

Annual rent - approximately 7,21 thousand Euro.

The Company holds 96% with the option to purchase an additional 4%.

Tenant - OBI until 2025 (with additional options for the tenant).

General description:

The commercial complex includes selling areas as well as a large parking lot. The tenant is a brand dealing in DIY (do it yourself), and is one of the leaders in the field in Germany. The property is completely leased. The complex was established in 2010.

Date the property was purchased - 10/7/2011

Additional information about the property can be found in the shelf prospectus of Lahav L.R on the Company website and the Securities Authority website. Updates can be found in ongoing reports to the stock exchange on the Company's website and the website of the Securities Authority.