METROVACESA

Property Business

Madrid, 25th June 2014

Jésus Vicente Executive Manager

Portfolio & Subsidiaries

Metrovacesa Property Business Main figures

GAV Dec - 12: € 3,164 m (44% total Group)

Gross rents 2012 (€ m) Other management data

GLA (sqm)

Vacancy rate

(as at Dec-2012) 22.2 %

Offices CC Hotels

501,131

15.3 %

257,640

2

Offices

Shopping Centres

Hotels

Other

Total 170.1

91.1

53.1

11.0

14.9 0.0 %

140,743

Rental assets 3,164

Gecina shares 1,871

Commercial Land

Development 619

Land & Residential

Development 1,530

Offices 1,747 Shopping

centres 896

Hotels 200

Other 321

2

1

3

4

3

Castellana

Norte • 2 assets

• 32,806 sqm of GLA

Azca • 2 assets

• 43,253 sqm of GLA

Las Tablas • 4 assets

• 85,085 sqm of GLA

60% of the Office portfolio

concentrated in 4 areas in

Madrid and 1 in Barcelona

2

1 3

5

22@ • 2 assets

• 38,485 sqm of GLA

5

Campo

Naciones • 3 assets

• 83,933 sqm of GLA

4

Metrovacesa Rental Business Portfolio Description – Offices

Portfolio Location in Spain:

Metrovacesa Rental Business Portfolio Description - Offices

4

• € 91 m in Gross Rents and in 2012 for more

than 500,000 Sqm of GLA

• Modern Asset Potfolio

• Focus on Business Parks in the North of

Madrid

• Occupancy Rate: 77.8% (Dec-2012)

• The most important companies rely on us for

managing their offices:

... with Prime Tenants Top quality asset Portfolio...

18.0%

49.12%

24.3%

8.6%

Age ≤ 6 years

Age ≤ 12 years

Age ≤ 22 years

Age > 22 years

• Business park

inaugurated in 2010

• Latest technical

qualities

• 37,198 sqm above

ground level

• 868 parking spaces

• Facilities: restoration,

nursery, gym, public

transport…

Metrovacesa Rental Business Offices – Vía Norte

5

Viladecans

Vilamarina

• 31,762 sqm of GLA

Portfolio in Spain:

Valencia

• Saler

• 47,853 sqm of GLA

Murcia

• Thader

• 48,646 sqm of GLA

Bilbao

• Artea

• 40,382 sqm of GLA

Barcelona

• Arenas Barcelona

• 30,500 sqm of GLA

Alcorcón

(Madrid)

• Tres Aguas

• 65,171 sqm of GLA

1

2

3

4

5

6

Gandía

• La Vital

• 23,383 sqm of GLA

7

6

5

Perpignan

• Centre del Mon

• 11,500 sqm of GLA

1

6

8

3

2

7

4

Metrovacesa Rental Business Portfolio Description – Shopping Centres

8

Bilbao

24.230 sqm GLA

Alcorcón

66.911 sqm GLA

Valencia

23.034 sqm GLA

Gandía

20.853 sqm GLA

Viladecans

31.875 sqm GLA

Barcelona

31.708 sqm GLA

Perpignan

10.382 sqm GLA

Murcia

48.646 sqm GLA

Eight centres in operation… …with a relevant weight in its

portfolio

7

Metrovacesa Rental Business Portfolio Description – Shopping Centres

• 258,000 Sqm of GLA

• Gross rents of € 53.1 m in 2012

• One of the Real Estate

developers and shopping center

operators leading in Spain

• 84.7% occupancy as of Dec-

2012

• Managers of our rental assets

Opening Date

GLA

Nº premises

GLA MVC

Parking spaces

Catchment Area

Client profile

Main tenants

Differential

aspects

April 1998 (extension May 2002)

40,382 sqm

109

24,218 sqm

3,850

• Primary: 250,000 inhabs.

• Secondary: 100,000 inhabs.

• 44% Families

• 48% Singles

• 8% Friends

Inditex, Cortefiel, Cinesa, Hollister,

Eroski (co-owner)…

• Shopping Center of reference in

the area

• Consolidated

8

Best Shopping Centre Award AECC (2000)

Metrovacesa Rental Business Shopping Centres – Artea (Bilbao)

Diversified Portfolio: 11 Hotels with 2,135 Rooms and € 10.0 m rents in 2012

Paseo del Arte

(Madrid) GLA Diagonal 199

(Barcelona)GL

Corralejo Bay

(Fuerteventura)

Playa Capricho

(Almeria)

Metrovacesa Rental Business Portfolio Description – Hotels

9

Name Location Rooms Category

Urban Hotels

Diagonal 199 Barcelona 264 4*

Nuevo Paseo del Arte Madrid 260 4*

Castellana Norte Madrid 144 4*

Vacational Hotels

Pinar Torremolinos 388 4*

Playa Capricho Roquetas de Mar 335 4*

Corralejo Bay Corralejo-La Oliva 231 4*

Express Hotels

H.I Valencia Valencia 100 3*

H.I Tres Cantos Tres Cantos 61 3*

Almussafes Almussafes 133 3*

Barberá Barberá del Vallés 118 4*

Comfort Hotel y Quality Hotel Perpignan 101 3* - 4*

• Direct access through M-11 with the

airport

• Established zone, by Las Tablas and

Sanchinarro neighborhood

NEW CHAMARTIN BUSINESS

PARK:

Turn-key for Corporatives

headquarters interested in the

visibility from the A1 highway

Search of potential partners

for the development of the

Business Park:

TERTIARY POLE EXPANSION OF

CASTELLANA:

Automotive cluster

Recreation-leisure center

10

OVERALL PERFORMANCE

• COMERCIAL NAME : Monteburgos I & II

• LOCATION: APE 08.14 Ind. Ctra. Burgos,

Madrid, by the M-30 y la A-1

• BUILDABLE AREA : 76,403 sqm

• 100 % of MVC

VALUE PROPOSITION

POTENTIAL ENGINES LAND DESCRIPTION

Annex: Monteburgos I & II (Las Tablas)