Essen - Office Building

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Office and parking building. The building is preserved, built in 1892 and renovated in 2009-2012 except for the outer walls. In October 2011, the building received a prestigious gold "LEED" certificate which is given in accordance with the American policies of Green Building Council.

Property size - 17,741 square meters of office space, out of which about 1,750 square meters on the fourth and fifth flours are still in the shell stage. In addition, the building has four parking floors which include 278 parking spaces in an area of about 5,000 square meters, and there are 19 more parking spaces on the sides of the office building.

Plot area - 5,685 square meters.

Bank loan (as of 12/31/2014) of approximately 2,085 thousand Euro. The loan was taken for five years (starting January 2012) with a fixed annual interest rate of 3.17%.

Annual rent (as of 12/31/2014) - approximately 1,704 thousand Euro.

The Company holds 50% (of which 3% are not held by the company, however the Company has the right to purchase them with most of the proceeds acting as an offset to the loan of the options provider).

Tennant - Deutsche Bank, until November 2020 (with additional options for the tenant) (except for floors 4 and 5, 1759 square meters which as of 12/31/2014 are not leased).

General description:

Office and parking building. The building is preserved, built in 1892 and renovated in 2009-2012 except for the outer walls. In October 2011, the building received a prestigious gold "LEED" certificate which is given in accordance with the American policies of Green Building Council.

The entire property is leased except for floors 4 and 5 (1,800 square meters).

Date the property was purchased - 1/6/2012

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.