2. Value and composition of the rental portfolio
The total surface area is 403.1 hectares, of which 22.0 hectares granted in concession. The balance of 381.0 hectares has an estimated sale value of EUR 293.38 million or 36.3% of the total fair value. This amounts to an average of 76.99 EUR/m2 excluding transaction costs.
The total lettable surface area of the buildings is 1,230,959 m2 with a total estimated rental value of EUR 52.89 million. The warehouses account for the majority of this (77.9%), with 1,076,584 m2 and an aggregate rental value of EUR 41.19 million. Their average rental value per m2 is accordingly 38.26 EUR/m2.
The office spaces, partly stand-alone and partly adjoining warehouses, account for 109,412 m2 or a rental value of EUR 9.32 million. The average rental value per m2 is EUR 85.15. The commercial premises amount to 18,575 m2 and represent EUR 1.09 million in rent, with an average per m2 of EUR 58.54. Other spaces account for 26,388 m2 or EUR 1.29 million, with a rent of 48.84 EUR/m2. The charges payable for concessions total EUR 0.40 million.
