Senjak Tarace

Vojvode Misica Blvd. Belgrade

DISCLAMER

Information contained in this Presentation is for general information purposes only, as base for discussion for investment opportunity. The information contained in this presentation does not prejudge the decision of the legal entity that owns the parcel/project, nor represent its offer, but is only informative consideration in order to start any further negotiations, consider the investment options and posibilities. Sender and Expo park Ltd / Zeta house Ltd assumes no any responsibility for errors or omissions in the contents. All calculations and data presented herein are not guaranteed. The projected plans are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed.

The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer/investor/partner should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.

This presentation has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Sender and Expo park Ltd / Zeta Hose Ltd has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information presented has been obtained from sources we believe to be reliable.

ABOUT PROJECT

Zeta House Ltd, Cyprus and its 100% owned daughter company Expo park d.o.o. (Ltd), located in Belgrade, Serbia are seeking to develop and finalize the project Senjak Terrace which represent posibility for residential and office space building;

The project is conceived as a four-star hotel and prime rate office space or prime rate residential, retail and office space building in a total area of over 38-40 thousand square meters of net space, and revenues opportunities in the amount of more than 55 million euros;

The project was designed in a very high-quality location near the Belgrade Fair, the East-West Highway, the City center, at one of the busiest boulevards in Belgrade – Vojvode Misic. Distance from the airport is only 10 minutes, and from the city center 5 minutes, as far away from the new business center of the city in the New Belgrade;

Zeta house Ltd / Expo park d.o.o own a land area of approx. 50 acres on this location, as well changes to the corresponding urban constraction plans for the realization of the project have been made;

MACRO LOCATION

LOCATION

THE LOT

The property situated between the southern side of Vojvode Misica Boulevard and the northern side of Viktora Igoa street;

Conveniently located opposite the Belgrade fair, this is the largest fair, convention and exposition organizer in Serbia and SEE region;

Vojvode Misica Blvd. connects one of the largest traffic loops in the city, called Mostar’s loop with the high – end residential area of Senjak;

Represents the main traffic artery heading towards the densely populated areas of Banovo Brdo, Cukarica, Zarkovo etc.

Right bank of river Sava and the green oasis of the river island Ada Ciganlija are within walking distance from the subject property.

The location is close to the new bridge over the river Sava – “Ada Bridge”, which connects the New Belgrade and the city’s municipalities Cukarica and Rakovica, and is part of the internal main ring of Belgrade.

DESCRIPTION

Adress	Boulevard Vojvode Misica Street No. 45, Belgrade (between the southern side of Vojvode Misica Boulevard and the northern side of Viktora Igoa street.)
Land registration	Cadastre municipality Savski Venac, registration number 1263 and1268
Owner of the property	Zeta Hose Ltd, Cyprus via. Subsidiary EXPO PARK d.o.o. Belgrade
Land lot size	4.793m2
Planed function	Hotel and Media Center, or residential, retail and office space building
Tehnical	Attained urban permission (urban conditions)
Current proprty use	Industrial buildings cover 3.050 square meters of the lot.

SITUATION

The property has approximately 85 meters frontage on Vojvode Misica Boulevard, a depth of 55 meters and a total area of slightly less than 50 acres, with addition 16 acres with possibilities to be merged with the main plot;

Present industrial structures of 3.050 square meters presently cover over 50% of the plot area. It consists of three parcels joined together that form a rectangular identity. Land topography is good as land is slightly-to-moderately sloped towards to Sava river;

The lot has access to the city’s water, sewage, electricity, telecommunications and other installations;

The central city heating must be additionally installed;

The obligation to city authorities for complete infrastructure installation has been fully paid;

Situated on one of the busiest traffic arteries in the city, the property has excellent accessibility both by bus and tram lines;

Over 15 public transportation lines passing near the property provide connectivity with a vast number of city areas. Could cause traffic congestion during the peak hours and slow down the car accessibility to the area;

Future first metro line is passing near to the property.

OPTIONS AND AREAS

According to the Master Plan of Belgrade, the subject property is located in a ”middle” zone of the city, next to the Belgrade fair, which is mainly intended for development of business, residential and commercial structures;

For the plot is regulated relation of 20% – 100% of commercial, and 0% – 80% of residential premises;

This location is intended for a hotel complex that will feature a modern media center where business people can successfully communicate. The proximity to the Belgrade fair gives it a head start among the competing hotels that are situated in the city center or New Belgrade;

Another option is the construction of an mixed residential / business complex with a focus on a residential part that would be a oriented to Senjak, one of the luxurious Belgrade settlements, while the business part would be oriented towards the Vojvoda Misic Blvd.

In the drafted Detailed Urban Plan for the subject location, the determined building coefficient is up to 5, and height 48 m. The covering of the lot is 60% (90% for underground levels), allowed gross area of 45,000 m2, and 38,000 m2 of net overgroung and underground area and the calculative number of floors is 2Ug+Gr+12+Attic;

Option 1: Mixed residential and retail building

Option 2: Hotel and office space building

Option 1: Mixed building

PARAMETARS

In the case of an option of building a mixed residential / business facility, the focus would be on the construction of residential part as dominant, which would occupy 80% of the facility, while commercial facilities would account for 20% of the facility that would be located on the ground floor.

The apartments would be oriented towards the settlement Senjak (70-80%), while a smaller part of the apartments on the higher floors, as well as the office space, would be oriented towards the Vojvoda Misica Blvd.

In this case it is possible to have following structure:

Residential and retail/office space option	DESCRIPTION
Land property	4.797 m2
Footprint of potential improvement	3.832 m2
Allowed number of floors	2Ug+Gr+12+Attic.
Building coefficient	5
Coverage of the land	60% / 85%
Total aboveground gross built-up area	36.200 m2
Total underground gross built-up area	8.100 m2
Total net aboveground built-up area	30.000 m2
Total net underground built-up area	7.700 m2
Residential sellable net built-up area	16.800 m2
Business sellable net built-up area	7.500 m2
Number of appartments	224
Number of parking places	375

NET AREAS

MIXED BUILDING TIPICAL FLOORS

Option 2: Business use

BUSINESS USE PARAMETARS

In the case of an option of building used as a business facility, the focus would be on the construction of office and retail space as dominant, which would occupy 100% of the facility.

In this case it is possible to have following structure:

Residential and retail/office space option	DESCRIPTION
Land property	4.797 m2
Footprint of potential improvement	3.832 m2
Allowed number of floors	2Ug+Gr+12+Attic.
Building coefficient	5
Coverage of the land	60% / 85%
Total aboveground gross built-up area	36.500 m2
Total underground gross built-up area	8.100 m2
Total net aboveground built-up area	30.000 m2
Total net underground built-up area	7.700 m2
Retail and office space sellable net built-up area	27.500 m2

Number of parking places	445

NET AREAS

BUSINESS USE TIPICAL FLOORS

BELGRADE OFFICE SPACE MARKET

BELGRADE RESIDENTIAL MARKET

Belgrade real estate market recorded residential properties sales worth €995 million or 19.88% more than in H1 2018.

Residential real estate prices are constantly rising, both in the old and new developments sales. Cash buyers (65%) prevail over mortgage buyers (35%) in the purchase of apartments.