Investment Funds

BIGGEORGE 12. REAL ESTATE DEVELOPER REAL ESTATE INVESTMENT FUND

INVESTMENT POLICY

The Fund intends to purchase the 70% ownership of Lajos Projekt Kft. (registered address: 1023 Budapest, Lajos u. 28-32., company registration number: 01-09-860581) (the “Project Company”), the owner of Bécsi Corner Irodaház (Bécsi Corner Office Block) with a 10,243 sqm gross leasable area, registered by Budapest Capital Government Office Land Registry Department District XI Circuit Office under the lot number 14789, located at 1023 Budapest, Bécsi út 33. (the “Property”).

Description of the Property:
Address: 1023 Budapest, Bécsi út 33.
Function: Office and retail
Year of construction: 2009
Gross leasable area: 10,243 sqm
Office space: 7,498 sqm
Retail space: 2,326 sqm
Storage space: 419 sqm
Parking: 131 parking spaces, on three underground levels

The building was developed by the Project Company in 2008-2009, by fully reconstructing the already existing listed buildings, up to the structural elements, and developing a new office wing. The Property is a state-of-the-art Category “A” office block, holding a “Very Good” BREEAM IN USE qualification since 2016.

The Fund’s aim is to achieve capital appreciation.

The Fund is an open ended fund.

The Units will be issued and placed privately, in accordance with the Capital Market Act rules on private placement.

The distribution of Units in the “A” series qualifies as private placement under Section 14(1)(c) of the Act, whereas the distribution of Units in the “B” series qualifies as private placement under Section 14(1)(b) of the Act.
In the “A” series, a total of 5,550,000 Units were issued with a face value of EUR 1 each and an aggregate face value of EUR 5,550,000.

In the “B” series a total of 50,000 Units were issued with a face value of EUR 1 each and an aggregate face value of EUR 50.000. The Units will be marketed in a subscription process.
During the subscription, a valid subscription commitment can be made for Units of an aggregate nominal value of at least EUR 100,000, that is one hundred thousand euros, in respect of the “A” series, and for Units of an aggregate nominal value of at least EUR 10,000 that is ten thousand euros, in respect of the “B” series.

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.
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 (with no 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
Maximum and minimum placement volume shall be identical for each series.

For series “A”: EUR 5,550,000
For series “B”: EUR 50,000

ISIN IDENTIFIER OF SERIES “A” OPEN-END UNIT OF BIGGEORGE 12TH PROPERTY DEVELOPER REAL ESTATE INVESTMENT FUND: HU0000719927
ISIN IDENTIFIER OF SERIES “B” OPEN-END UNIT OF BIGGEORGE 12TH Property Developer REAL ESTATE INVESTMENT FUND: : HU0000719935

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

Face value of series “A” Units: EUR 1, i.e. one euro
Face value of series “B” Units: EUR 1, i.e. one euro