Investment Funds

Biggeorge 10 Real Estate Developer Real Estate Investment Fund

Investment Policy

The Fund intends to purchase the property registered in the Budapest Capital Government Office Land Registry Department District V Circuit Office under the lot number 5th District urban area 24354/4, located at Budapest, 5th District, Petőfi Sándor utca 17, with a total floorspace of 2,356 m2 (hereinafter the Property).

The Fund intends to build on this land, under the name ‘Emerald Residence’, 69 apartments, 6 hospitality and retail units, approximately 900 m2 telecommunication offices and antenna positions on the roof, a 3* superior boutique hotel with 99 rooms, 16 storage units and 12 parking spaces, as its own investment with the proviso that during the implementation of the Project the number of units to be sold for individual purposes may change.

The building to be constructed is a primarily a residential and hotel building, supplemented with retail and hospitality units. Due to its excellent transport and infrastructural facilities, ‘Emerald Residence’ provides an easily accessible and liveable space to dwell for its residents and hotel guests. The project has an ideal location and is parallel to Váci utca which is the main pedestrian street in Budapest.

The neighbourhood is well equipped: a kindergarten, school, pharmacy and restaurants are all in the accessible vicinity.

The building’s main facades look onto Petőfi Sándor utca and Szervita tér. The main pedestrian entrance to the residential building is accessible from Petőfi Sándor utca, while the main pedestrian entrance of the hotel is accessible from Városház utca. Cars can enter the building through a car lift from the Petőfi utca facade.

The retail and hospitality units, directly accessible from the street, will be established on the ground floor and 1st floor of the residential side of the building. In addition, the Fund also plans to develop retail and commercial units in a part of the property that was used as a sacristy in the past and which will open to Városház utca.

The upper levels gradually cascade from Szervita tér, thus fitting in among neighbours, with adequate height. Due to the newly created cascades, large panorama terraces will be built on the upper floors.

The Hotel wing will contain not only rooms, but also a breakfast area on the ground floor and a breakfast kitchen in the basement.

The Fund’s aim is to achieve capital appreciation.

The Fund is a closed-end fund, with a 26-month maturity.
The Units will be issued and placed privately, in accordance with the Capital Market Act rules on private placement.

Series “A” Units can be subscribed by Investors purchasing at least EUR 100,000, or an equivalent value, of the offered securities, and so their placement will be considered private under Section 14 (1) (c) of the Capital Market Act. The Investor’s subscription statement for series “A” Units shall be valid where it relates to Units with a total face value of at least EUR 100,000, i.e. one hundred thousand euros (converted at the EUR exchange rate quoted by the NBH on the date of the decision on the marketing), i.e. HUF 30,796,000 (thirty million, seven hundred and ninety six thousand forints).

Series “B” Units can exclusively be subscribed by those fewer than 150 persons listed in Annex No 1, and so their placement will be considered private under Section 14 (1) (b) of the Capital Market Act; however, the Investor’s subscription agreement for series “B” Units shall be valid where it relates to Units of at least HUF 10,000,000, i.e. ten million forints.

After the placement, neither series “A” nor series “B” Units can be offered for sale to the public and cannot be admitted to trading in a regulated market. As long as the Fund operates as a private placement investment fund (before its transformation to a public one), privately placed Units can be offered to Investors in accordance with and subject to the limitations set by the Capital Market Act rules on private placement.

Maximum and minimum placement volume

For series “A”: HUF 1,680,000,000
For series “B” HUF 420,000,000

ISIN code of Biggeorge 10 Real Estate Development Real Estate Investment Fund closed-end units in the “A” series HU0000719034

ISIN code of Biggeorge 10 Real Estate Development Real Estate Investment Fund closed-end units in the “B” series HU0000719042

Both series “A” and series “B” Units are created as dematerialized securities by KELER Zrt.

Shares in the “A” series have a face value of HUF 100, that is one hundred forints each.
Shares in the “B” series have a face value of HUF 100, that is one hundred forints each.