Portfolio
Summary
IREIT Global
annual report 2014
Bonn Campus
Darmstadt
Campus
Münster Campus
Concor Park IREIT
Date of Building
Completion
2008
2007
2007
1978 and
refurbished in 2011
Purchase Price
(€ million)
99.5
74.1
50.9
58.6
283.1
Vendor
TC Bonn
Objektgesellschaft
mbH & Co. KG
TC Darmstadt
Objektgesellschaft
mbH & Co. KG TC Münster Nord
Objektgesellschaft
mbH & Co. KG and
TC Münster Süd
Objektgesellschaft
mbH & Co. KG
Münchner Grand
Immobilien
Bauträger AG
Book Value /
Valuation as at
31 Mar 2014
(€ million)
100
74.1
50.9
59.1
284.1
Book Value /
Valuation as at
31 Dec 2014
(€ million)
100
80.3
49.8
60.5
290.6
Gross Rental
Income for the
period ended
31 Dec 2014
(€ million)
2.2
1.9
1.3
1.6
7.0
% of Total
Gross Rental
Income (%)
31.2
26.8
19.2
22.8
100
Occupancy Rate as
at 31 Dec 2014 (%)
100
100
100
100
100
Weighted Average
Lease Expiry
(“WALE”) (by gross
rental income)
as at 31 Dec 2014
(years)
8.3
7.9
4.8
4.7
6.7
Land Tenure
Freehold
Freehold
Freehold
Freehold
Number of Tenants
1
1
1
12
13
Major Tenants
GMG, a wholly-
owned subsidiary
of Deutsche
Telekom
GMG, a wholly-
owned subsidiary
of Deutsche
Telekom
GMG, a wholly-
owned subsidiary
of Deutsche
Telekom
STMicroelectronics,
Allianz, Ebase,
Yamaichi
