Investment Funds

BIGGEORGE 11. REAL ESTATE DEVELOPING REAL ESTATE INVESTMENT FUND

INVESTMENT POLICY

The Fund purchased the real estate registered by the Government Office of Municipality Budapest, Office District XI as Budapest District XII Residential Area topographical number 8395/3, physically located in Budapest District XII, Stromfeld Aurél utca 29-33, classified as uncultivated and undeveloped area, with a total floor area of 8,583 m2 (hereinafter referred to as Real Estate).

The Fund intends to build 41 apartments, 25 storage rooms, 69 parking spaces on the above-mentioned real estate under the name “Németvölgyi Residence” (hereinafter referred to as Project). The Project disposes of the approval of the District XII design jury and an application for building permit has been submitted. The Project has an indicative bank-financing offer with parameters complying with the business plans.

The location of the Project is ideal: it can be found in a popular part of one of the most prestigious districts of Budapest where both the atmosphere of Central-Buda and the hill-country can be experienced. The infrastructure of the neighbourhood is excellent. Near one can find the Hegyvidék Shopping Center, the MOM Park shopping center, a number of small shops and restaurants as well as several Hungarian and international schools and kindergartens. The Project is easily accessible by public transport. The stop of bus line 112 is directly in front of the real estate and the stops of bus lines 212 and 105 can also be reached by a few minutes walk. At the same time, the hillside environment with large green surfaces provides a pleasant living space for the inhabitants of the Project.

Access can be found to the individual buildings on the declivous plot through separate personal entrances leading to each of the three buildings from the Stromfeld Aurél street. The construction fitting into the environment and providing a pleasant space sense, furthermore the creation of a large, unbroken inner garden as well as the orientation of the apartments towards the city panorama represented a special aspect for the location of the buildings. Within the park, there is no overground motor vehicle traffic. The motor vehicles will be accommodated in structurally independent deep-level garages that are, however, connected to each other, with access through a joint entryway from Stromfeld Aurél street. Utilizing the ground declension, the bicycle sheds belonging to the flats, the waste storage rooms as well as the engineering blocks are under the connecting ground level and on the garage level.

In buildings “A” and “C” 14 apartments each and in building “C” 13 apartments will be created with a total net residential area of 3,562 m2. The buildings have a ground floor + 4 stories. There are individually designed apartments on each storey. The apartment mix was developed so that apartments with a living room + 1 bedroom up to those with a living room + 4 bedrooms can be chosen within a net space range of 50-148 m2. The structural scheme of the building was designed so that, if required, it is possible to merge the apartments.

Gardens for exclusive use with different floor spaces belong to the ground floor flats, which are separated from the common use garden of nearly 6,000 m2 formed as a park and having old trees by landscape architecture facilities. The apartments on the higher stories have large terraces. The goal in forming the terraces was to achieve the experience of a private garden and therefore the surface is partly a wooden-plastic composite (WPC) terrace coating which is easy to maintain and partly an intensively formed roof-garden green surface.

The individuality of the buildings’ facade is ensured by the varying planes and the back-staggered masses. The facade formation is of a noble plastered dryvit system, , which is supplemented with coloured, printed, tempered glass inserts. The glass inserts are made with different colourings in the three buildings.

The mass of the building accommodates itself to the construction lines defined in the regulation.

The purpose of the Fund is capital increase.

The Fund is closed-end, its maturity period is 27 months.
The Investment Units are issued and offered privately in line with the respective provisions regarding private placement of the Capital Market Act.

The Shares are issued and placed privately, in accordance with the Capital Market Act rules on private placement.

Series “A” Shares 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” Shares shall be valid where it relates to Shares 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 forint).

Series “B” Shares 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 statement for series “B” Shares shall be valid where it relates to Shares of at least HUF 10,000,000, i.e. ten million forint.

After the placement, neither series “A” nor series “B” Shares 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 investment fund (before its transformation to a public one), privately placed Shares can be offered to Investors in accordance with and subject to the limitations set by the Capital Market Act rules on private placement.

In secondary market, series “A” Shares can exclusively be sold to Investors who are already investors in the Fund upon the transfer.

The maximum and minimum value of the issued quantity
As regards series „A”: HUF 760,000,000.-
As regards series „B” HUF 190,000,000.-

Biggeorge 11. Real Estate Developing Real Estate Investment Fund’s closed-end investment unit series “A”
ISIN ID: HU0000719067

Biggeorge 11. Real Estate Developing Real Estate Investment Fund’s closed-end investment unit series “B”
ISIN ID: HU0000719075

Units in both series “A” and “B” were created by KELER Zrt. as dematerialised securities.

Face value of series “A” Shares: HUF 100 i.e. one hundred forint.
Face value of series “B” Shares: HUF 100 i.e. one hundred forint