Actively Investing and Managing Property in Iberia · IMORENDIMENT Actively Investing and Managing Property in Iberia 3 Experts in Property Imorendimento is an expert partner in property

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Actively Investing and Managing Property in Iberia

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IMORENDIMENTO Actively Investing and Managing Property in Iberia 3

Experts in Property Imorendimento is an expert partner in property investment and asset management. Over 20 years of expertise are the basis of a management able to create added value, always protecting the assets of partners and clients.

Specialized in the Iberian market, Imorendimento is responsible for a wide range of financial vehicles that can develop and deliver innovative, efficient and real benefit generating solutions for all stakeholders, including clients, investors, partners and employees.

Imorendimento integrates a qualified team of expertise and skilled professionals that have a wide complementary knowledge and most of which act together as a team in the property market for almost 20 years. The board of Directors is actively involved in doing business, assuring full commitment to clients and being directly responsible for the quality of services provided and investments completed.

Fund Management

Equity Providers & Placement Agents

Property Management

Car Park Management

Management

Investment

IMORENDIMENTO Actively Investing and Managing Property in Iberia 5 6

Timeline

1992

Founded in 1992 as institutional investment and property asset management services company

Natura Fund (Sustainable Urban Renewal)

Imorendimento II Fund (Office and High Street Retail)

Active ServicesManagement

and property services

APARCManagement and Car Parking Services

Prime Value Fund (Land Development)

Gestimo Fund (Commercial Property Portfolio)

Continental Retail Fund (Shopping Centres)

Imorendimento was responsible for the largest indirect property investment in Portugal, involving international institutional investors

Multipark Fund (Logistics)

IMO Pan Iberian Retail, LLP Fund (Retail)

1995

IPD awarded(Investment Property Databank)

Imorendimento II Fund awarded in 2009 and 2010, considering the returns on the 3 previous years

Historic Lodges Fund(Urban Regeneration in Historic Area)

Reaches €500 million of assets under management

Imolux Fund (Luxury Residential)

2014

years experience in institutional investment and property asset management

20

1992 2001 2005

2006 2007

2009 20102006

2003

2004

2006

2007

2008 2008

2014

IMORENDIMENTO Actively Investing and Managing Property in Iberia IMORENDIMENTO Actively Investing and Managing Property in Iberia 9

Independence from large Financial Groups

Specialized in Property Investment Funds

Rigorous in complying with corporate/business requirements and ethical principles

Organization of accounting structures in accordance with principles applied and required by market regulators

Competitive cost structure

Environmental sustainability and efficiency

Actively managing and investing in property in Iberia

Mission

Values and Principles


Key Figures

of assets under management

400.000.000€

Under management

905.000 m2Parking spaces under management

5.395

Office

15.000 m2Traffic of vehicles per year

3.740.000

Retail

225.000 m2IPD Awards, in 2009 e 2010

2

In the Portuguese ranking of retail managers

6th


Francisco da Costa Oliveira Chairman

Francisco João Soares de Oliveira Member

Armando Filipe Lacerda de Queiroz Member

Armando Filipe Lacerda de Queiroz Managing Director

Judite Carqueja Financial Director

Rui MadureiraInvestment Director

Luís MesquitaCommercial Director

Vitor MonteiroAsset Director

Bento AiresOperations Director

Team

Board of Directors

Executive Management

Professionals with over than 20 years of expertise in asset management

30


Management Investment

ASSETMANAGEMENT

DEVELOPMENT FUND MANAGEMENT

Investment acquisition and disposals: to meet the fund investment criteria and maximise income and capital returns.

Real estate development expertise: to enable the Fund to implement and benefit from the returns generated at property development opportunities

Experienced and dedicated asset management team

Marketing and lettings: to improve returns and maximise income

Rent management: to obtain income returns and enable debt to be serviced

Service charge management: to enable service provision and minimise non-recoverable expenditure

Property and facilities management: to provide required services and minimise obsolescence factors

Consultancy services: to ensure that any relevant requirements are met both through the existing team or relevant specialist consultants

Source development opportunities in Portugal or internationally

Assist in defining schemes and obtaining relevant consents

Source debt and equity

Introduce potential joint venture partners

Manage the development process to completion

Advise on marketing and leasing strategies

Implementation of associated investment and exit strategies

More transparent structures have lower administration costs and can often obtain improved funding terms

Co-investment and success related fund management fees: aligns the interests of fund manager and investors

Debt Management: constant review of existing and potential funding options to meet investor goals, minimise costs and maximise flexibility

Asset Management: maximise income and capital returns of the existing asset portfolio

Investor participation in decision-making: enables investors to influence the course and key decisions

Consultancy services: use of a wide range of experience and skilled personnel to maintain and enhance value

FUND ESTABLISHMENT

INVESTMENT ACQUISITIONS AND

DISPOSALS

EQUITY AND DEBT

ORIGINATION

Choice of the appropriate investment vehicle: domiciled in Portugal or international jurisdictions to maximise returns and tax efficiency

Liaison with and/or appointment of legal and tax advisors: to achieve an optimised fund structure based on the goals and purposes of investors

Placement Memorandum or Initial Placement Offering: preparation of documentation and management of process

Investment acquisition: acquire individual assets or portfolios using a wide network of contacts to source on and off market opportunities

Equity origination: sourced from existing investors or established contacts

Debt origination: using existing relationships and track record to source new debt on best terms or acquire existing debt from third parties

Debt acquisition: acquiring existing debt from third parties

Source Portuguese and international investment opportunities for both domestic and international investors

Existing relationships with key market players

Access to on and off market opportunities

Assist in debt origination and/or transfer existing debt

Advise on acquisition strategies, including special purpose vehicles (SPV’s or SPE’s) and fund structures

Source local and joint venture partners

Devise and implement exit strategies, including asset disposal

Manage due diligence process


Imorendimento is recognized for its skills in dynamic management and strategic asset repositioning, leveraging existing opportunities and transforming them into real operations. In what concerns investment management, it integrates a team having a comprehensive expertise in managing property funds and was awarded twice, both and 2009 and 2010, in recognition of the returns generated by funds managed, award given by IPD, the international leading company for property investment performance measurement.

The investment management team - an area that covers asset management, sourcing development opportunities and fund and other investment vehicles management – has local know-how of each market and delivers robust and sophisticated investment management strategies. Its flexible and dynamic structure assures efficiency and effectiveness, being focused in maximising returns for investors and being absolutely independent and experienced in fund management.

Imorendimento operates in compliance with the requirements and standards established by national regulators in each market. The Executive management team has a comprehensive expertise in establishing, managing and sourcing capital for property investment vehicles regulated and domiciled in Portugal, London, Luxembourg and Jersey, amongst others.

Fund Management

Management


With over 20 years experience in property investment, Imorendimento is a reliable and preferred partner and real estate service provider. It has a comprehensive expertise and is recognized for its competence in establishing funds and other vehicles for property investment, sourcing the best opportunities at each moment and being capable to adapt to several different environments.

Recognized as one of the leading players in the Portuguese property investment industry, Imorendimento stands out for its know-how and understanding regarding both the Portuguese and other relevant international markets, establishing long term privileged relationships with key players operating in these markets. The company is also renowned by the ability to complete operations according to strategic planning and timings established, as well as for presenting efficient and added value solutions in the areas of acquisitions and disposals, sourcing equity and debt, always considering, in addition, tax efficiency.

Imorendimento integrates a team experienced and fully committed to the property market, in its several segments, and having a comprehensive knowledge of the entire chain value of this industry, local market know-how and sophisticated investment strategies. Combined with a successful track record and a wide knowledge and local partners, Imorendimento’s team skills allow the company to have a privileged and successful position in property investment.

Investment Services

Investment


Active Services comprehends a dedicated team of professionals for managing property assets, including shopping centres, retail parks, business centres, stand alones and high street retail units.

The range of services provided by Active Services stands out for its flexibility and ability to adapt to clients’ different needs, both in terms of commitment and specific nature of the properties, and being as comprehensive as the asset requires to be.

Services provided include:

Global Management ServiceIt involves a team fully dedicated to the property, which operates across all relevant management areas.

Facility ManagementHaving a recognized track record and a wide experience of efficient management, generating continuous savings thus meeting the service level demanded by owners, clients and end users. It comprises the management of service providers contracts, environmental sustainability program implementation, management and works car-ried out and improvements.

Marketing and Letting ServicesBased on the understanding that marketing and letting management is a critical fac tor for the success of property, this service includes market research, marketing strategies and lease agreement with brands established in Portugal and internationally.

Property Management


APARC is a car parking operator with over 10 years experience.

The company is present in the most important Portuguese cities, managing 9 car parking facilities with a total of 5.395 parking spaces generating an annual traffic of about 3.740.000 vehicles.APARC offers a range of professional services able to deliver innovative solutions adjusted to its clients. Based in a management model focused in achieving a profitable and sustainable operation. APARC services:

“100% by APARC”An integrated management solution of car parking facilities, this is the turnkey customized solution, providing the best advantages for owners.

“Equipped by APARC”For owners that daily manage their car parking facilities, APARC offers a wide range of equipments that enhance comfort, safety and profitability.

“Pub APARC”APARC integrates a specialized team that, through a communication plan fitted to each client, increases awareness and attractivity.

“CHECK APARC”APARC offers its full expertise and know-how to improve and optimize third parties car parking operation.

Car Parking Management and Services


CONTACTPraça Bom Sucesso, 127-Esc. 2104150-146 Porto - Portugal

Tel: +351 226 075 660 Fax: +351 226 075 661

E-mail: [email protected] www.imorendimento.com

Confidentiality ClauseThis document has been produced with the purpose of providing general information. Although the information contained in this document is considered a faithful reflection of the business of the company and its properties, Imorendimento accepts no responsibility for statements expressed or implied in this document, for omissions of the same, or for any other oral or written communications made to any interested party. The recipient of this document should rely upon its own assessment, analysis and study of the business or properties. No element comprised in this document constitutes a contractual agreement or future obligation.


Management Investment

IMORENDIMENTO Actively Investing and Managing Property in Iberia


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Actively Investing and Managing Property in Iberia · IMORENDIMENT Actively Investing and Managing Property in Iberia 3 Experts in Property Imorendimento is an expert partner in property