Investment Funds

Biggeorge 7. 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 XI Circuit Office under the lot number 11th District urban area 1996/12, classified as uncultivated area, located at Budapest, 11th District, Maléter Pál utca 3, with a total floorspace of 10,989 m2 (hereinafter “the Property”) and to build on this land, under the name of Sasad Liget 5, 218 apartments, 7 retail units, 184 storage units, and, subject to a change in the relevant regulation, a minimum of 190, and a maximum of 266 basement parking spaces (hereinafter “the Project”), as its own investment.

The building to be built is basically a residential building, supplemented by commercial and service units opening towards the inside of the block.
Planning high standard, beautifully laid out homes, where not only appropriate orientation but appropriate intimacy, and the deliberately large terraces with a useable layout – this was the baseline concept for the planning. The apartments open from a central corridor, typically with an open design, with an open plan kitchen and sitting room. The front doors of the apartment open to the sitting room. Wide and spacious terraces and balconies are connected to sitting rooms. The engineer aimed to ensure that bedrooms and the connecting bathrooms and dressing rooms form a separated intimate zone. Ground-floor apartments have access to the garden, with a separated private garden.
The planned construction is the 5th stage of the Sasad Liget property investment. According to the zoning plan, the plan was set as a central element of the area, more densely built up than the surrounding area.
The building is free-standing. The residential function is comprised of two building blocks, set approximately perpendicular to Nagyszeben utca. In both blocks, there will be two closed stairways, with the apartments located alongside a central corridor. Residential blocks will be connected by a significantly lower commercial-service wing, looking toward the rear-inner front of the land, which will be hidden by landscaping from the courtyard. Under the building, an underground garage will be built, by covering up the central part of the area.
The commercial and service function will primarily serve the internal needs of the residents and the residents of the other stages of the Sasad Liget, and so these units open towards the internal-central space of the area.
The Fund’s aim is to achieve capital appreciation.

The Fund is a closed-end fund, with a 24 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 forint).

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

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 investment fund (before its transformation to a public), 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 1,081,600,000
For series “B” HUF 270,400,000

ISIN identifier of Series “A” Closed-end Unit of Biggeorge 7th Property Developer Property Investment Fund:
HU0000718853
ISIN identifier of Series “B” Closed-end Unit of Biggeorge 7th Property Developer Property Investment Fund
HU0000718861

Both series “A” and series “B” Units will be produced in uncertificated form by KELER Zrt.

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