Investment Funds

Biggeorge 8 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 XIV Circuit Office under the lot number 13th District urban area 25862, classified as uncultivated unbuilt area, located at Budapest, 13th District, Dagály utca 5, with a total floorspace of 2,450 m2 (hereinafter the Property).
The Fund intends to build on this land, under the name of Dagály Residence, 131 apartments, 5 retail Shares, 3 offices, 25 storage Shares, and 154 parking spaces (hereinafter and before as the Project), as its own investment.
The building to be built is basically a residential building, supplemented by commercial, service and office Shares opening towards the inside of the block. Due to its excellent transport and infrastructural facilities, Dagály Residence provides an easily accessible and liveable space to live for its residents. Its location is ideal: the street is not disturbed by the traffic in Váci út, however, the Forgách utca metro station is just within reach, and the Árpád híd station is just a five minute walk.

The neighbourhood is well equipped: kindergarten, school, pharmacy, gym, restaurant and shopping malls are all in the accessible vicinity. The main facade of the building looks over Dagály utca. The two passage blocks and the ground floor car park is accessible from here. The entry ramp of the underground car park opens from Karikás Frigyes utca.

The pedestrian main entrance is on the ground floor of the building; a secondary passage block is established next to it. On the southern Dagály utca side, smaller commercial areas will be developed.

On the first floor, apartments could not be established in line with the development plan, thus offices for rent will be located there. It is possible to create separate access to them and a separate vertical passage block.

With the exception of the underground level and ground floor, the bi-directional main facade of the building is pulled back to provide the opportunity to accommodate deeper terraces facing the panoramic view. From the second until the fourth floor, one can find floors with a general layout, with 18 apartments. The design of the apartments on the southern side flexibly follow sales demand and so, with an identical facade design, it is possible to create smaller apartments of around 40 m2 and bigger, 2+1 rooms apartments with 60 m2 of floorspace.

The upper levels gradually step back towards the architectural accent established in the corner, thus fitting in towards the neighbours, with nearly identical height. Apartments closing down these pull-backs are bigger, just as the roof terraces linked to them. On the southern side, the stepping starts from the fifth floor, and from the seventh floor on the northern side.

The building mass is aligned with the building lines set out in the regulations.

The Fund’s aim is to achieve capital appreciation.

The Fund is a closed-end fund, with a 24 month maturity.

The Shares will be 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 trade, series “A” Shares can exclusively be sold to Investors who are already investors in the Fund upon the transfer.

Maximum and minimum placement volume

For series “A”: HUF 700,000,000
For series “B” HUF 175,000,000

Biggeorge 8. ISIN identifier of Series “A” Closed-end Unit of Biggeorge 8th Property Developer Property Investment Fund: HU0000718911
Biggeorge 8. ISIN identifier of Series “B” Closed-end Unit of Biggeorge 8th Property Developer Property Investment Fund: HU0000718929

Shares in both series “A” and “B” are 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.