OSKARGROUP

JUNE, 2020

INVESTOR UPDATEREAL DANMARK A/S – 2020 Q2

Since the acquisition of the three properties, a lotof

development have taken place.

Several agreements have been made and the first

demolition work is done.

The Oskar Group team in collaboration with architects,

engineers, contractors are working actively with the projects

and are in close dialogue with municipalities, potential tenants,

investors and otherbodies.

INVESTOR UPDATE

THE PORTFOLIO

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As Denmark and the rest of Europe reopen in the shadow of the corona crisis,

the transaction volume for commercial and investment properties will more

than double in the second half of 2020 compared to the first half of the year,

the global real estate transaction firm, Colliers, foresees in a recently published

market commentary.

Despite continued travel restrictions, Colliers reports that international

investors are already back in the Danish market.

Link: ttps://ejendomswatch.dk/Ejendomsnyt/Investorer/article12204379.ece

STATUS WITH COVID19

INVESTOR UPDATE

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INVESTOR UPDATE

KØBMAGERGADE 57 is located in the inner-city shopping district and the two buildings includes two retail

units and seven residential units with a total gross lettable area of 1.309 sqm.

BLEGDAMSVEJ 124 is a 6.186 sqm (empty) office building situated less than 2,5 kilometers for CBD. The

Metro stop, Trianglen is situated 30 meters from the building. The property is sold on a forward sales

agreement to a large Dansih Pension Fund.

ROSKILDEVEJ 547 is situated next to another project of Oskar Group (Oskar Office) in Brøndby. The

property is an empty site and the Company have signed a lease contract with Zleep Hotels and is currently

in the final negotiations with Burger King and another potential tenant who is expected to lease the ground

floor.

THE PORTFOLIO

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INVESTOR UPDATE

• Acquisition cost represents DKK 112m

• Future valuation of DKK 203m made by Colliers with a

yield of 3,50%

• Value increase due to the 400m2 extension of the property

• NOI estimated to increase from DKK 3,34m to DKK 7,11m

KØBMAGERGADE 57

• Oskar Group are considering to convert the residential

units in the courtyard to offices.

• Further will there be an establishment of two penthouse

apartments in the attic.

• The Company have received materials from their architects

illustrating the extension of the property with approx. 400

m2.

• Construction and development is estimated to be

completed within 24months from the bond issue

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• Due to the current COVID-19 situation for retail units in

Denmark, the project development is deliberately slowed down

and postponed to 2021, since the property is fully let and

creates a solid cash flow.

• Both tenants (telephone operators) are paying their rent as

usual.

• The Company is considering several development opportunities

for the property.

INVESTOR UPDATE

BLEGDAMSVEJ 124

• Acquisition cost of DKK 143m

• Future value of DKK 284m with a yield of 4,00%

• Value increase due to refurbishment and optimization

of the property

• NOI of DKK 11,35m with rental levels of DKK 1,800/ m2

• The property will be extended with over 100 m2

• The building will be developed, and the ground floor

will include a LIDL store

• Remaining building intends to be leased to

etablished companies for office use.

• Construction and development is estimated to

be completed approx. 12 months after the

acquisition

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• The property has been sold to a Danish Pension

Fund on turn-key basis

• Retail area has been signed with LIDL

• Demolition is almost finished

• Oskar Group are negotiating with several office

tenants and have sent out term sheets to numerous

potential tenants.

• Building permit for the office facilities and

Supermarket has been approved.

INVESTOR UPDATE

ROSKILDEVEJ 547

• Acquisition cost of DKK 18m

• Future value of DKK 141mwith a yield of 5,25%

• NOI of DKK7,8m when completed

• Sign agreement with ZleepHotel

• Additional building rights valued to DKK 15,7m resulting in a

total sales price of DKK 158m

• New development of a 3,999 m2 building which will be

used as hotel and restaurant

• 133 rooms and an estimated NOI of DKK 7,8mannually

• The building will also contain a parking garage

• Construction is estimated to approx. 12 months

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• Signed lease agreement(20Y) with Zleep Hotel

• We are in great dialogue with Carls Junior. (earlier

we where in dialogue with Burger King, but due to

COVID19, we have decided to work further with Carls

Junior)

• Nordic Hotel Consulting (NHC) has initiated the sales

process based on a yield of 5,25 % .

• Full project description has been filed and building permit is

approved

INVESTOR UPDATE

VALUATION

• “As is” valuation of Kømagergade, Blegdamsvej and Roskildevej are based

on valuations performed by professional and reputable valuation firms

• A valuation of the property at Købmagergade made by Cushman &

Wakefield set a value of the property to DKK 203m at a yield of 4 %

• Future value of Roskildevej has been valued to DKK 156,6m by Nordic

Hotel Consulting on a yield of 5,50%

• The Group has signed a SPA with a Danish Pension Fund on

a turn-key basis. Sales price has been set to yield of 4 % which

corresponds to a price of DKK 281m

Nordic Hotel Consulting is the leading

hotel advisory in the Nordics and provide

fully integrated solutions to investment

advisory and asset management

COLLATERAL

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INVESTOR UPDATE

HENRIK WESSMANN JENSEN

• 4 0 years of experience within property development in

Denmark and has worked in Oskar Group since 1979

• Became CEO and owner in 1991

• Previous key projects include development of the HQ of

Rederiet Norden and Finanstilsynet, store facilities for

Abercrombie & Fitch, Acne and H&M Group in Copenhagen

MATHIAS HARTMANN BONDE

• 8 years of experience from the real estate sector

• Prior to Oskar Group, Mathias has worked as investment broker

and have great experience within the field of commercial real

estate investments and valutation

• Holds a MSc degree within International Business and Law

JESPER CORDSEN

• More than 20 years of experience from international business

development and management

• Previous experience: CCO KEH Group (Facilities Services), Partner/

Managing Director at YOU Brands Denmark (Wholesale) and manage-

ment positions in BASF, Hempel and Schulman Plastics (Technology)

• Holds an MBA from Newport University, California

BO SATTRUP

• More than 20 years of experience as CFO and top executive manage

ment from listed and PE owned companies in many different sectors

• More than 7 years of experience from the real estate sector

including 2 years as CEO spear heading a turn around

• Holds a BA in finance and accounting from CBS, Copenhagen and an

Executive Business Master Certificate from Center for Ledelse, Cph

CHRISTOFFER PLOUG

• Over 15 years of experience from the real estate sector

• Prior to Oskar Group, Christoffer been CEO at Welcom A/S (Telecom),

Legal and Financial Manager at Ejendomsinvest (Real estate) and COO at

Borch Invest (Real estate)

• Specialist within property tax and financing

• Holds a law degree from University of Copenhagen

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INVESTOR UPDATE

HENRIK WESSMANN JENSEN

• 4 0 years of experience within property development in

Denmark and has worked in Oskar Group since 1979

• Became CEO and owner in 1991

• Previous key projects include development of the HQ of

Rederiet Norden and Finanstilsynet, store facilities for

Abercrombie & Fitch, Acne and H&M Group in Copenhagen

NILS THYGESEN

• More than 20 years of experience as CFO and top executive

management in Real Estate and Finance: Bank of America, ABN,

Oskar Jensen, Keops Group, latest as Partner and Deputy

Director in the Thylander Group.

• CFO in Thylander Group.

• Expert in Fund- and Treasury Management, Corporate Finance, Real

Estate

• Holds a degree from INSEAD and Copenhagen Business School.

HENRIK FRISCH

• Extensive experience at C level positions in large Danish

companies. Among those Toms Gruppen and Scandlines

• Investor in Real Estate for more than 30 years.

• Board experience from different industries. Among those

Chairman in listed BoStad A/S

• Holds a Master of Science (MSc) i Business Administration

THE BOARD

BOARD MEMBERS:

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