Park Hyatt Presentation AM (1) - Miguel Guedes de Sousa

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XXXXXXXXXXXXXXXXXXXXXXXOption 1

ONE GROSVENOR CRESCENT

hamilogan international

O N E G R O S V E N O R P L A C E

user

Typewritten Text

PARK HYATT

user

Typewritten Text

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F E A S A B I L I T Y S T U D I E S


logan international

One Grosvenor Place

FeasibilityOption 4

Park Hyatt

Summary

One Grosvenor Place

Summary

• Total summary

• Accomodation schedule

• Total project area schedule

Hotel

• Development cost

• Sales prognosis

• Construction cash flow

• Interior area program

• FF&E , OS&E & Equipment program

• Operational prognosis

• IRR analysis

Apartments

• Development cost

• Sales forecast

• Sales prognosis

• Construction cash flow

• Interior area program

• FF&E , OS&E & Equipment program

• Operational prognosis

2Logan International

ONE GROSVENOR PLACE - Option 4 30-06-2011

TOTAL SUMMARY Option 4 d

HOTEL APARTMENTS TOTAL

SpecificationsTotal Land Area m² - - 5 458Number of Rooms/Apartments # 94 57 151Total Area NIA m² 10 090 16 804 26 894% allocation % 38% 62% 100%Average NIA Area per Unit m² 107 295 178Total Area GIA m² 20 773 26 480 47 253

SALES REVENUE , VAT incl.Gross Sales Revenue , VAT incl. £ 235 000 000 636 272 000 871 272 000

Rooms / Apartments £ 235 000 000 614 522 000 849 522 000Parkings £ 21 750 000 21 750 000

Price per m² NIA £/m² 23 290 37 864 32 397Avg Price Per Unit £ 2 500 000 11 162 667 5 770 013Sales costs

Sales transaction fees £ 0 -19 088 160 -19 088 160Sales & Marketing costs £ 0 -9 544 080 -9 544 080Royalties £ 0 -18 435 660 -18 435 660Sales taxes £ 0 -31 813 600 -31 813 600Sales VAT £ 0 0 0Working Capital £ 0 0 0

Subtotal Sales Costs £ 0 -78 881 500 -78 881 5000% -12% -9%

NET SALES REVENUES , excl VAT £ 235 000 000 557 390 500 792 390 500

DEVELOPMENT COSTSLand acquisition £ -83 476 798 -139 023 202 -222 500 000Construction £ -76 341 590 -88 271 387 -164 612 977FF&E £ -10 857 000 -9 949 275 -20 806 275Soft costs £ -15 798 632 -16 903 285 -32 701 917Permits £ -500 000 -500 000 -1 000 000Financing (construction) £ -7 875 492 -3 527 323 -11 402 815Opening costs £ 0 0 0Development overhead £ -28 046 103 -25 464 715 -53 510 818

Total Costs £ -222 895 615 -283 639 187 -506 534 802GROSS PROFIT (before taxes) £ 12 104 385 273 751 313 285 855 698ROI without Operations 5% 43% 33%In the optimistic scenario of the apartment sales , the gross profit (before taxes) would increase to £ 400 391 653

Required FinancingSenior Debt £ 112 116 961 0 112 116 961Construction Loan £ 0 51 159 584 51 159 584Mezzanine VAT £ 0 0 0

Total Financing £ 112 116 961 51 159 584 163 276 545% 50% 22% 36%

Equity £ 70 000 000 130 000 000 200 000 000Mezzanine by shareholders £ 0 0 0Other Contribution £ 40 000 000 53 510 818 93 510 818Working Capital/Pre-opening £ 0 0 0

Provided Equity £ 110 000 000 183 510 818 293 510 818% 50% 78% 64%

Equity + Financing £ 222 116 961 234 670 402 456 787 363

ONE GROSVENOR PLACE - Option 4 30-06-2011ACCOMODATION SCHEDULE Option 4 d

Level Qty Type Type Range m²

Avg m²

Total m²

Qty Type Avg m²

Total m²

Total m²

Remarks

Level 10 Rooms Executive 40-45 0 1 206 2060 Suite Junior 46-55 0 1 263 2638 Suite Senior 56-80 61 484 1 296 2961 Suite Ambassador 81-145 144 144 1 303 303

Suite Presidential 200-315 1 317 3179 628 5 1 385 2 013

BOH 267 Offices 490 757895 1 875 2 770

Levels 2-5 4 Levels0 Rooms Executive 40-45 0 1 158 1586 Suite Junior 46-55 52 312 1 206 2068 Suite Senior 56-80 61 484 1 263 2631 Suite Ambassador 81-145 144 144 1 278 278

Suite Presidential 200-315 1 293 2931 298 2981 303 3031 317 3171 374 374

15 940 9 277 2 490 3 430Level 6

0 Rooms Executive 40-45 0 1 158 1586 Suite Junior 46-55 52 312 1 191 1918 Suite Senior 56-80 61 484 1 206 2061 Suite Ambassador 81-145 144 144 1 244 244

Suite Presidential 200-315 1 255 2551 278 2781 293 2931 296 2961 374 374

15 940 9 255 2 295 3 235Level 7 1 Level

0 Rooms Executive 40-45 0 0,5 1304 6520 Suite Junior 46-55 0 1 2790 Suite Senior 56-80 0 1 2580 Suite Ambassador 81-145 0 1 1882 Suite Presidential 200-315 313 6252 625 3,5 393 1 377 2 002

Level 8 1 Level0 Rooms Executive 40-45 0 0,5 1304 6523 Suite Junior 46-55 52 156 1 2794 Suite Senior 56-80 56 224 1 2581 Suite Ambassador 81-145 144 144 1 1880 Suite Presidential 200-315 08 524 3,5 393 1 377 1 901

Level 9Level 10

Total 94 69 6 477 57 288 16 394 22 871Qty Avg

m²Total m²

Qty Avg m²

Total m²

Total m²

Qty Type Type Range m²

Qty Type Avg m²

Type

0 Rooms Executive 40-45 5 Type A 125-160 1-bedroom33 Suite Junior 46-55 9 Type B 160-210 2-bedroom52 Suite Senior 56-80 16 Type C 220-270 3-bedroom7 Suite Ambassador 81-145 21 Type D 300-330 4-bedroom2 Suite Presidential 200-315 5 Type E 350-370 4-bedroom

94 0 Type F 390-440 5-bedroom1 Type G 1300 duplex

57

Hotel Apartment

Hotel Apartment

ONE GROSVENOR PLACE - Option 4PROPOSED AREA SCHEDULE

Level HOTEL RESID HOTEL RESID TOTAL H + R

MEP BOH HOTEL

BOH RESID

RETAIL HOTEL RESID TOTAL H + R

TOTAL SUM

KEYS APP NIA NIA NIA NIA NIA NIA NIA GIA GIA GIA GEA# # m² m² m² m² m² m² m² m² m² m² m²

Level -3/ car park 68 17 2 040 510 2 550 0 200 0 0 3 106 707 3 813 4 077Level -2 / car park 0 70 0 2 100 2 100 800 0 0 0 713 4 453 5 166 5 458Level -1 1 178 0 1 178 718 1 300 0 0 4 586 580 5 166 5 458Ground Floor 2 435 410 2 845 0 0 150 0 2 515 715 3 230 3 460First Floor 9 5 628 1 385 2 013 incl 757 0 1 796 1 796 3 591 3 776Second Floor 15 9 940 2 490 3 430 incl incl - 1 298 3 011 4 309 4 492Third Floor 15 9 940 2 490 3 430 incl incl - 1 298 3 011 4 309 4 492Fourth Floor 15 9 940 2 490 3 430 incl incl - 1 298 3 011 4 309 4 492Fifth Floor 15 9 940 2 490 3 430 incl incl - 1 298 3 011 4 309 4 492Sixth Floor 15 9 940 2 295 3 235 incl incl - 1 298 2 815 4 113 4 301Seventh Floor 2 3,5 625 1 377 2 002 incl incl - 784 1 685 2 469 2 598Eight Floor 8 3,5 524 1 377 1 901 incl incl - 784 1 685 2 469 2 598Ninth FloorTenth FloorTotal 94 57 10 090 16 804 26 894 1 518 2 257 150 0 20 773 26 480 47 253 49 694

Proportion of NIA 38% 62% Proportion of GIA 44% 56% 100%Coefficient GEA / GIA 1,05Coefficient GIA / NIA 1,33

Parking levels 3 818 5 161 8 979Other levels 16 954 21 320 38 274

TerracesGround floor Inner patio ; 50/50 divided 999 999 1 998Sixth floor 3 196 196Seventh floor 2 3 100 550 650Total 2 6 1 099 1 745 2 844

39% 61% 100%

Notes :

All NIA figures include all internal walls , but exclude the corridors and the shared areas

30-06-2011Option 4 d

The areas above are indicative at the schematic stage , and are subject by verification by the architects , and subject to change and final

One Grosvenor Place

FeasibilityOption 4

Park Hyatt

Hotel

ONE GROSVENOR PLACE - ***** HOTEL PROFORMA 2011-06-30Option 4 d

Summary of Development Cost £

Land acquisitionLand 78 787 090Acquisition costs 3 939 355Predevelopment 750 353

Subtotal 83 476 798Construction costs Building surface GIA

Demolition works 2 000 000Siteworks , Infrastructure & excavation 3 000 000Building Structure , M&E & Finishings 16 954 m² @ 3 200 £/m² 54 253 485Fixed Furniture & Decorative elements 16 954 m² @ 300 £/m² 5 086 264Parking Structure & M&E 3 818 m² @ 2 000 £/m² 7 636 827Terraced buildings 1 099 m² @ 300 £/m² 329 700Pool 400 000Contingency 72 706 276 @ 5,00% 3 635 314

Subtotal 76 341 590FF&E , OS&E and Special Equipments

Rooms & Public spaces 94 @ per unit 81 064 7 620 000OS&E 94 @ per unit 11 277 1 060 000Low voltage systems 210 000IT systems & equipment 200 000Signage 50 000Kitchens, bars & laundry 1 200 000Contingency 10 340 000 @ 5,00% 517 000

Subtotal 10 857 000Professional Soft Costs / Consultants

Legal 185 914 775 0,30% of all 559 244Project management 87 198 590 5,00% of CC,FF&E 4 359 929Architects & Engineers 87 198 590 9,00% of CC,FF&E 7 847 873Interior Decorator 10 857 000 12,00% of FF&E 1 302 840Interior Decorators Spa & other specials 87 198 590 0,40% of CC,FF&E 348 794Bookkeeping & audit 185 730 241 0,1% of all 184 535Technical Services Hotel Operator 94 rooms @ 3 000 282 000Builders Risk insurance 76 341 590 @ 1,00% of CC 763 416Taxes during Construction 150 000Owners representative 0% of all 0Contingency 15 798 632 @ 5,00% inclusive

Subtotal 15 798 632Permits

Building Permits & Municipal Taxes 500 000Subtotal 500 000

Financing Finance & Inspection Fees 113 000 000 @ 0,25% 282 500 Interest during Construction 7 592 992

Subtotal 7 875 492Opening Costs

Working Capital by Operator 0Pre-opening costs by Operator 0

Subtotal 0Development Overhead

Overhead costs (excl on financing) 186 974 020 @ 15,00% 28 046 103Subtotal 28 046 103

TOTAL DEVELOPPEMENT COST 94 @ 2 287 448 215 020 123 £excl opening & financing

TOTAL DEVELOPPEMENT COST 94 @ 2 371 230 222 895 615 £

ONE GROSVENOR PLACE - ***** HOTEL PROFORMAOption 4 d

Hotel Sales

Total Constructed Covered Surface ('GIA') 20 773 m²Total Constructed Covered Surface (incl terraces) 21 872 m²Average Gross Surface GIA per Room 221 m²Number of Rooms & Suites 94

Total Gross Sales Price 235 000 000 £Gross Sales Price per Room 2 500 000 £Gross Sales Price per Gross Surface ('GIA') 11 313 £/m²

Sales Fees (incl. commission, transaction, etc.) 0,0% - £Management break up fee 0,0% - £

Total Net Sales Revenue of the Hotel 235 000 000 £

Working capital - £

Development Cost (exclusive financial cost, pre-opening, working capital) (215 020 123) £

Gross Profit 19 979 877 £

Intermediate financial cost , pre-opening + working capital (7 875 492) £

Net Profit , Land & predevelopment Inclusive 5,2% 12 104 385 £

Notes :Sales price is taken at cost price of the development

2011-06-30

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2011

2012

2013

2014


PROJECT INTERIOR AREAS

BRIEF PROJECTm²

GUEST ROOMSRooms Executive x units of x m² 0 units @ m² 0Suite Junior x units of x m² 33 units @ m² 52 1 716Suite Senior x units of x m² 52 units @ m² 60 3 128Suite Ambassador x units of x m² 7 units @ m² 144 1 008Suite Presidential x units of x m² 2 units @ m² 313 625Corridors, Maids, Storage included in the GIA 0% 0Room Terraces see Terraces units @ m² 100

SUB TOTAL 94 6 477 69 6 477HOTEL PUBLIC AREA

Luggage/Valet 20Reception & Concierge 50Lobby 200Public Restrooms 50Public Stores 585Restaurant - All day x seats @ x m² 150 seats @ m² 2 300Restaurant - Speciality x seats @ x m² 100 seats @ m² 2,2 220Lounge bar 150Fitness bar included in spa 0Terraces see Terraces 0

SUBTOTAL 1 575MEETING & BOARD ROOMS

Ball & Banquet Room x units of x m²; connected & dividable 1 units @ m² 480 480Board Rooms x units of x m² 4 units @ m² 30 120Pre Function 200Business Center 10Restrooms 50B&M Pantry & Storage 15

SUBTOTAL 875BACK OF HOUSE

Kitchen/F&B for Restaurant Cafe, Bar, Room Service, B&M 500Administration all inclusive (back office, accounting, exec, etc.) 400House Keeping & Laundry 600Repairs & Maintenance 142Mechanical & Electrical 759Staff Facilities included Security, Cafeteria, Lockers, etc. 600

SUBTOTAL 3 001RECREATION

Spa including lockers/rest rooms 728Pool including lockers/rest rooms 350Fitness including lockers/rest rooms 100

SUB TOTAL 1 178OTHER

Garages Single 68 units @ m² 30 2 040Garages Double ( single parking plus storage ) 0 units @ m² 60 0

SUB TOTAL 68 2 040

TOTAL AREA NIA m² 15 146Shared spaces 27,1% m² 5 627

TOTAL AREA GIA NIA + Shared spaces m² 20 773TOTAL AREA GEA GEA = GIA * % 5,2% m² 21 846

TERRACES Room Terraces outside 2 units @ m² 50 100Ground floor inner patio 1 998 m² 50% 999

TERRACES m² 1 099

NotesThe areas above are indicative at the schematic stage , and are subject by verification by the architects , and subject to change and final confirmation.All NIA figures include all internal walls and circulation areas

BUILT SPACES ('NIA')


FF&E , OS&E and Special equipments

FF&E Rooms Executive incl lights 0 Units @ £45 000 £0Suite Junior incl lights 33 Units @ £50 000 £1 650 000Suite Senior incl lights 52 Units @ £60 000 £3 120 000Suite Ambassador incl lights 7 Units @ £75 000 £525 000Suite Presidential incl lights 2 Units @ £150 000 £300 000

Public Areas (Lobby/Living Room Bar) £300 000 Restaurants 2 Units @ £200 000 £400 000 Bars 1 Units @ £200 000 £200 000 Meeting rooms £200 000 Public Stores not included £0 Decorative Lighting (excluding guest rooms) £250 000 Spa & fitness £500 000 Garden & Pool included £0 BOH areas incl engineering & maintenance £25 000 Model mock-up £150 000 Contingencies 5% £381 000 Subtotal FF&E £8 001 000

OS&E Rooms, Lobby, Corridors 94 Units @ £10 000 £940 000 Restaurants&Bars/Kitchen £100 000 Spa & Fitness £20 000 BOH areas included £0 Contingencies 5% £53 000 Subtotal OS&E £1 113 000

Owner's Direct / Special equipments Security Camera CCTV System £60 000 Sound System Equipment £150 000 Signage (interior & exterior) £50 000 IT £200 000 Kitchen & Bar equipment £1 000 000 Laundry equipment £200 000 Miscellaneous & contingencies 5% £83 000 Subtotal Owner's Direct / Special equipments £1 743 000

Total FF&E , OS&E , special equipments 94 £115 500 £10 857 000

Notes :

ONE G

ROSV

ENOR

PLAC

E - *

**** H

OTEL

PROF

ORMA

2011

-06-30

PROF

IT &

LOSS

PROJ

ECTIO

N OF

THE H

OTEL

OPE

RATIO

N FO

R 10

years

Optio

n 4 d

k£Ye

ar :

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

Numb

er of

Room

s :94

9494

9494

9494

9494

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003,5

1 300

3,81 3

503,7

1 400

3,61 4

503,6

1 479

3,61 5

093,6

1 539

3,61 5

703,6

1 601

3,6 M

eetin

g & Ba

nque

ts2 3

506,8

2 397

7,02 4

456,7

2 494

6,42 5

446,2

2 595

6,22 6

466,2

2 699

6,22 7

536,2

2 808

6,2 O

ther R

even

ue1 5

004,3

1 700

5,01 8

004,9

1 900

4,82 0

004,9

2 040

4,92 0

814,9

2 122

4,92 1

654,9

2 208

4,9

Tota

l34

736

100,0

34 03

210

0,036

524

100,0

39 19

510

0,040

788

100,0

41 60

410

0,042

436

100,0

43 28

510

0,044

151

100,0

45 03

410

0,0 DE

PART

EMEN

TAL E

XPEN

SES

Roo

ms5 0

6423

,95 6

6022

,75 6

9721

,05 7

6319

,65 6

7918

,55 7

9218

,55 9

0818

,56 0

2618

,56 1

4718

,56 2

7018

,5 F

&B6 6

3078

,02 8

4977

,02 8

8876

,03 0

0075

,03 0

3474

,03 0

9574

,03 1

5774

,03 2

2074

,03 2

8474

,03 3

5074

,0 R

ecrea

tion &

Spa

230

40,0

481

37,0

479

35,5

455

32,5

434

29,9

442

29,9

451

29,9

460

29,9

469

29,9

479

29,9

Mee

ting &

Banq

uets

1 410

60,0

1 438

60,0

1 467

60,0

1 496

60,0

1 526

60,0

1 557

60,0

1 588

60,0

1 620

60,0

1 652

60,0

1 685

60,0

Othe

r Rev

enue

113

49,0

765

45,0

788

43,8

813

42,8

842

42,1

859

42,1

876

42,1

894

42,1

911

42,1

930

42,1

T

otal

13 44

638

,711

193

32,9

11 32

031

,011

527

29,4

11 51

428

,211

745

28,2

11 97

928

,212

219

28,2

12 46

328

,212

713

28,2

DEPA

RTEM

ENTA

L INC

OME

21 29

061

,322

838

67,1

25 20

469

,027

668

70,6

29 27

471

,829

860

71,8

30 45

771

,831

066

71,8

31 68

771

,832

321

71,8

UNDI

STRI

BUTE

D OPE

RATIN

G EXP

ENSE

S A

dmini

strati

ve &

Gen

eral

3 474

10,0

3 403

10,0

3 470

9,53 7

249,5

3 875

9,53 9

529,5

4 031

9,54 1

129,5

4 194

9,54 2

789,5

Mark

eting

1 389

4,01 3

614,0

1 461

4,01 5

684,0

1 632

4,01 6

644,0

1 697

4,01 7

314,0

1 766

4,01 8

014,0

Main

tenan

ce1 2

853,7

1 293

3,81 3

153,6

1 372

3,51 4

283,5

1 456

3,51 4

853,5

1 515

3,51 5

453,5

1 576

3,5 U

tilities

1 424

4,11 3

273,9

1 351

3,71 3

333,4

1 387

3,41 4

153,4

1 443

3,41 4

723,4

1 501

3,41 5

313,4

T

otal

7 573

21,8

7 385

21,7

7 597

20,8

7 996

20,4

8 321

20,4

8 487

20,4

8 657

20,4

8 830

20,4

9 007

20,4

9 187

20,4

HOUS

E PRO

FIT (G

OP)

13 71

839

,515

453

45,4

17 60

748

,219

672

50,2

20 95

351

,421

372

51,4

21 80

051

,422

236

51,4

22 68

151

,423

134

51,4

MANA

GEME

NT FE

ESBa

se fe

e *

1 042

3,01 0

213,0

1 096

3,01 1

763,0

1 224

3,01 2

483,0

1 273

3,01 2

993,0

1 325

3,01 3

513,0

Incen

tive f

ee

*1 2

6810

,01 4

4310

,01 6

5110

,01 8

5010

,01 9

7310

,02 0

1210

,02 0

5310

,02 0

9410

,02 1

3610

,02 1

7810

,0Ma

rketin

g fee

*

00,0

00,0

00,0

00,0

00,0

00,0

00,0

00,0

00,0

00,0

Licen

se fe

e *

00

00

00

00

00

Total

2 310

2 464

2 747

3 025

3 197

3 261

3 326

3 392

3 460

3 529

INCO

ME BE

FORE

FIXE

D CHA

RGES

11 40

832

,812

989

38,2

14 86

040

,716

647

42,5

17 75

743

,518

112

43,5

18 47

443

,518

844

43,5

19 22

043

,519

605

43,5

FIXED

CHAR

GES

Prope

rty ta

xes

236

0,723

10,7

248

0,726

70,7

277

0,728

30,7

289

0,729

40,7

300

0,730

60,7

Prope

rty In

suran

ce34

71,0

340

1,036

51,0

392

1,040

81,0

416

1,042

41,0

433

1,044

21,0

450

1,0Au

dit &

lega

l fees

104

0,310

20,3

110

0,311

80,3

122

0,312

50,3

127

0,313

00,3

132

0,313

50,3

Repla

ceme

nt Re

serve

695

2,01 0

213,0

1 461

4,01 5

684,0

1 632

4,01 6

644,0

1 697

4,01 7

314,0

1 766

4,01 8

014,0

To

tal1 3

834,0

1 695

5,02 1

846,0

2 344

6,02 4

396,0

2 488

6,02 5

386,0

2 588

6,02 6

406,0

2 693

6,0EB

ITDA H

OTEL

10 02

528

,9%

11 29

533

,2%

12 67

634

,7%

14 30

336

,5%

15 31

837

,6%

15 62

437

,6%

15 93

637

,6%

16 25

537

,6%

16 58

037

,6%

16 91

237

,6%

REVE

NUE /

APAR

TMEN

T SER

VICES

TOTA

L EBIT

DA

10 02

511

295

12 67

614

303

15 31

815

624

15 93

616

255

16 58

016

912

11

11

11

11

11

Increm

ental

Rev

enue

2,0%

Rema

rks :

The B

ase a

nd th

e Mark

eting

fees

are c

alcula

ted as

a %

on th

e Tota

l Rev

enu

Inflat

ion ra

te0%

N/A

The I

ncen

tive f

ee is

calcu

lated

as a

% on

the A

GOP

(GOP

less

man

agem

ent fe

es)

Incom

e with

olding

tax

*0,0

%

ONE GROSVENOR PLACE - ***** HOTEL PROFORMA 2011-06-30 Option 4 d

Analysis 'IRR'

Total Development Cost 222 895 615 £

Construction FinancingHotel % of the CostMezzanine Financing 0% - £Senior Debt 50% 112 116 961 £Equity 50% 110 000 000 £

Total Construction Sources 100% 222 116 961 £

Permanent Financing & Sales ProceedsHotel % of the CostSenior Debt 50% 112 116 961 £Equity 50% 110 000 000 £

Total Permanent Financing Sources 222 116 961 £

Return ProjectionsHotel & Club Net Operating Income (Based on First Stabilized Year - Year 3) 11 277 262 £

Hotel Unleveraged Return On Investment (ROI) Permanent Financing 5,08%

Debt Service on Hotel Loan (interest only) @ 5,25% (5 886 140) £

Annual Cash Flow 5 391 122 £

Leveraged Return On Investment (ROI) 4,90%

Total Project Seven Year IRR Calculation 13%

Period Year Total Development1 Cash Entry (110 000 000) £2 No Cash Flow during Construction - £3 Cash Flow (Hotel in year 3) 4 606 001 £4 Cash Flow (Stabilized Year 4) 6 072 734 £5 Cash Flow Year 5 6 992 255 £6 Cash Flow Year 6 7 249 822 £7 Cash Flow and Net Sales Revenues 192 519 074 £

Sales at the end of the 7th year , less the Debts 185 269 251 £Sale at 15 Cap on NOI at End of Year 7 less Debt

Percentage of Reverse Capitalization 6,50%Cash Flow of the Hotel Operation (exclusive sales of apartments) (in year 3)

Notes

One Grosvenor Place

FeasibilityOption 4

Park Hyatt

Apartments

ONE GROSVENOR PLACE - APARTMENT PROFORMA 2011-06-30Option 4 d

Summary of Development Cost £

Land acquisitionLand 131 212 910Acquisition costs 6 560 645Predevelopment 1 249 647

Subtotal 139 023 202Construction costs Building surface

Demolition works 2 000 000Siteworks , Infrastructure & excavation 3 000 000Building Structure , M&E & Finishings 21 320 m² @ 3 200 £/m² 68 223 315Fixed Furniture & Decorative elements 21 320 m² @ - £/m² 0Parking Structure & M&E 5 161 m² @ 2 000 £/m² 10 321 173Terraced buildings 1 745 m² @ 300 £/m² 523 500Pool -Contingency 84 067 988 @ 5,00% 4 203 399

Subtotal 88 271 387FF&E , OS&E and Special Equipments

Rooms & Public spaces 57 @ per unit 112 807 6 430 000OS&E 57 @ per unit - 0Low voltage systems 40 000IT systems & equipment 50 000Signage 20 000Kitchens, bars & laundry 2 935 500Contingency 9 475 500 @ 5,00% 473 775

Subtotal 9 949 275Professional Soft Costs / Consultants

Legal 253 386 988 0,30% of all 760 161Project management 98 220 662 5,00% of CC,FF&E 4 911 033Architects & Engineers 98 220 662 9,00% of CC,FF&E 8 839 860Interior Decorator 9 949 275 8,00% of FF&E 795 942Interior Decorators Spa & other specials 98 220 662 0,20% of CC,FF&E 196 441Bookkeeping & audit 253 133 855 0,1% of all 253 134Technical Services Hotel Operator 57 appts @ 2 000 114 000Builders Risk insurance 88 271 387 @ 1,00% of CC 882 714Taxes during Construction 150 000Owners representative 254 147 149 0% of all 0Contingency 16 903 285 @ 5,00% inclusive

Subtotal 16 903 285Permits

Building Permits & Municipal Taxes 500 000Subtotal 500 000

Financing Finance & Inspection Fees 109 000 000 @ 0,25% 272 500 Interest during Construction 3 254 823

Subtotal 3 527 323Opening Costs

Working Capital by Hotel operator 0Pre-opening costs by Hotel operator 0

Subtotal 0Development Overhead

Overhead costs (excl on land & financing) 254 647 149 @ 10,00% 25 464 715Subtotal 25 464 715

TOTAL DEVELOPPEMENT excl opening & financing 57 @ 4 914 243 280 111 864 £

TOTAL DEVELOPPEMENT COST 57 @ 4 976 126 283 639 187 £

ONE GROSVENOR PLACE - Option 4 30-06-2011

SALES PRICES OF THE APARTMENTS & PARKINGS Option 4 d

APARTMENTSLevel Qty Type Avg

m²Total m²

Price £/m²

Price £ Apartment

Price £/m²

Price £ Apartment

Level 10 Type A 125-160 0 32 000 0 35 000 01 Type B 160-210 206 206 36 000 7 416 000 40 000 8 240 0001 Type C 220-270 263 263 37 000 9 731 000 45 000 11 835 0003 Type D 300-330 305 916 38 000 34 808 000 47 000 43 052 0000 Type E 350-370 0 39 000 0 48 000 00 Type F 390-440 0 40 000 0 50 000 00 Type G 0 40 000 0 50 000 0

S.TOT 5 277 1 385 51 955 000 63 127 000Levels 2-5 4 Levels

1 Type A 125-160 158 158 32 000 5 056 000 35 000 5 530 0001 Type B 160-210 206 206 36 000 7 416 000 40 000 8 240 0002 Type C 220-270 271 541 37 000 20 017 000 45 000 24 345 0004 Type D 300-330 302 1 209 38 000 45 942 000 47 000 56 823 0001 Type E 350-370 374 374 39 000 14 586 000 48 000 17 952 0000 Type F 390-440 0 40 000 0 50 000 00 Type G 0 40 000 0 50 000 0

S.TOT 9 276 2 488 93 017 000 112 890 000S.TOT 36 9 952 372 068 000 451 560 000Level 6

1 Type A 125-160 158 158 32 000 5 056 000 35 000 5 530 0002 Type B 160-210 199 397 36 000 14 292 000 40 000 15 880 0003 Type C 220-270 259 777 37 000 28 749 000 45 000 34 965 0002 Type D 300-330 295 589 38 000 22 382 000 47 000 27 683 0001 Type E 350-370 374 374 39 000 14 586 000 48 000 17 952 0000 Type F 390-440 0 40 000 0 50 000 00 Type G 0 40 000 0 50 000 0

S.TOT 9 255 2 295 85 065 000 102 010 000Levels 7-8 2 Levels

0 Type A 125-160 0 32 000 0 35 000 01 Type B 160-210 188 188 36 000 6 768 000 40 000 7 520 0002 Type C 220-270 269 537 37 000 19 869 000 45 000 24 165 0000 Type D 300-330 0 38 000 0 47 000 00 Type E 350-370 0 39 000 0 48 000 00 Type F 390-440 0 40 000 0 50 000 0

0,5 Type G duplex 1 304 652 40 000 26 080 000 50 000 32 600 000S.TOT 3,5 393 1 377 52 717 000 64 285 000S.TOT 7 2 754 105 434 000 128 570 000Level 9Level 10

Total 57 287 16 386 614 522 000 745 267 000Avg 37 503 10 781 088 45 482 13 074 860

PARKINGSUnit price Total Price

87 Single parkings 250 000 21 750 0000 Double parkings 330 000 0

Total 0 0 21 750 000 21 750 000

Average Conservative Price per Apartment Average Total Total57 11 162 667 636 272 000 767 017 000

Notes :Sales taxes and/or VAT included.

Conservative Scenario Optimistic Scenario

ONE GROSVENOR PLACE - APARTMENT PROFORMAOption 4 d

Sales of the Apartments & Parkings

ApartmentsTotal Constructed Covered Surface ('NIA') 20 323 m²Total Constructed Covered Surface (' GIA ') 26 480 m²Total Constructed Covered Surface (incl terraces) 28 225 m²Average Net Surface ('NIA') per Apartment 288 m²Average Gross Surface ('GIA') per Apartment 465 m²Number of Apartments 57

Average Sales price per Apartment (incl VAT) 10 781 088 £Average Sales price per Net m² Apartment Surface (incl VAT) 37 485 £Total Sales Revenue of the Apartments (incl VAT) 100% 614 522 000 £VAT on Sales 0% - £

Total Sales Revenue of the Apartments (excl VAT) 614 522 000 £

Sales fees (inclusive commission) 3,0% (18 435 660) £Royalty 3,0% (18 435 660) £Marketing costs 1,5% (9 217 830) £Sales taxes 5,0% (30 726 100) £

Total Net Sales Revenue of the Apartments (excl VAT) 537 706 750 £Total Development Costs , Land exclusive (144 615 985) £Gross Profit , Land exclusive 393 090 765 £Land & predevelopment costs (139 023 202) £

Gross Profit Apartments , before taxes 41,3% 254 067 563 £

ParkingsNumber of Parkings 87Average Sales price per Parking (incl VAT) 250 000 £Total Sales Revenue of the Parkings (incl VAT) 100% 21 750 000 £VAT on Sales 0% - £

Total Sales Revenue of the Parkings (excl VAT) 21 750 000 £

Sales fees (inclusive commission) 3,0% (652 500) £Royalty 0,0% - £Marketing costs 1,5% (326 250) £Sales taxes 5,0% (1 087 500) £

Total Net Sales Revenue of the Parkings (excl VAT) 19 683 750 £Total Development Costs , Land exclusive - £Gross Profit , Land exclusive 19 683 750 £Land & predevelopment costs - £

Gross Profit Parkings , before taxes 90,5% 19 683 750 £

Apartments & Parkings

Total Sales Revenue of the Apartments & Parkings (excl VAT) 636 272 000 £Gross Profit Apartments & Parkings , before taxes 43,0% 273 751 313 £Average Sales Price per Apartment , Parking inclusive 11 162 667 £

Notes:No land and/or building costs are being atributed to the ParkingsNo VAT on the sales

2011-06-30

ONE G

ROSV

ENOR

PLAC

E - A

PART

MENT

PROF

ORMA

Prov

ision

al Ca

sh Fl

ow du

ring C

onstr

uctio

n

Cons

tructi

on Pl

annin

gStu

dies

Cons

tructi

onSa

les Pr

ogno

sis A

partm

ents

573

49

910

88

6

Uses

Totau

xCa

sh0

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Land

Purch

ase

(137 7

73 55

5)

(13

7 773

555)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pred

evelo

pmen

t(1

249 6

47)

(1

249 6

47)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ma

rketin

g cos

ts(9

217 8

30)

-

-

-

(1

843 5

66)

(4 60

8 915

)

(2

765 3

49)

-

-

-

-

-

-

-

-

-

-

-

-

Co

nstru

ction

(83 02

1 387

)

-

-

-

-

-

(12

453 2

08)

(12

453 2

08)

(12

453 2

08)

(12

453 2

08)

(8

302 1

39)

(8 30

2 139

)

(8

302 1

39)

(4 15

1 069

)

(4

151 0

69)

-

-

-

-

De

moliti

on,Si

tework

s & in

frastr

uctur

e(5

250 0

00)

-

-

-

-

-

(2

100 0

00)

(1 31

2 500

)

(1

050 0

00)

(262 5

00)

(262 5

00)

(262 5

00)

-

-

-

-

-

-

-

FF

&E &

Kitch

ens

(9 83

3 775

)

-

-

-

-

-

-

-

-

-

(1 47

5 066

)

(2

458 4

44)

(2 95

0 133

)

(2

950 1

33)

-

-

-

-

-

OS

&E an

d spe

cial e

qmts

(115 5

00)

-

-

-

-

-

-

-

-

-

(28

875)

(28

875)

(28

875)

(28

875)

-

-

-

-

-

Soft c

osts

(16 90

3 285

)

(84

5 164

)

(2

535 4

93)

(2 53

5 493

)

(1

690 3

28)

(1 69

0 328

)

(1

690 3

28)

(1 69

0 328

)

(84

5 164

)

(84

5 164

)

(84

5 164

)

(84

5 164

)

(84

5 164

)

-

-

-

-

-

-

Perm

its

(500 0

00)

-

(25

0 000

)

(25

0 000

)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deve

lopme

nt Ov

erhea

d(25

464 7

15)

(2 03

7 177

)

(1

782 5

30)

(1 78

2 530

)

(1

782 5

30)

(1 78

2 530

)

(1

782 5

30)

(1 78

2 530

)

(1

782 5

30)

(1 78

2 530

)

(1

782 5

30)

(1 78

2 530

)

(1

782 5

30)

(1 78

2 530

)

(2

037 1

77)

-

-

-

-

Op

ening

costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intere

st & F

inanc

e fee

s(3

527 3

23)

(37

2 574

)

(11

5 756

)

(12

8 068

)

(15

0 364

)

(20

9 247

)

(43

5 718

)

Su

btotal

(292 8

57 01

7)

(14

2 278

118)

(4

683 7

79)

(4 69

6 090

)

(5

466 7

88)

(8 29

1 021

)

(21

227 1

34)

(17

238 5

67)

(16

130 9

02)

(15

343 4

02)

(12

696 2

74)

(13

679 6

52)

(13

908 8

41)

(8

912 6

07)

(6 18

8 247

)

-

-

-

-

VAT o

n cos

ts0%

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

VAT C

ash D

ifferen

tial

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total

of th

e Peri

odOU

T(29

2 857

017)

(142 2

78 11

8)

(4 68

3 779

)

(4

696 0

90)

(5 46

6 788

)

(8

291 0

21)

(21 22

7 134

)

(17 23

8 567

)

(16 13

0 902

)

(15 34

3 402

)

(12 69

6 274

)

(13 67

9 652

)

(13 90

8 841

)

(8 91

2 607

)

(6

188 2

47)

-

-

-

-

Sa

les Re

venu

Avg U

nit Sa

les Pr

ice , V

AT in

cl.10

781 0

88At

optio

n sign

ature

10%

61 45

2 200

3 234

326

4 312

435

9 702

979

9 702

979

10 78

1 088

8 624

870

8 624

870

6 468

653

At co

ntrac

t sign

ature

10%

61 45

2 200

3 234

326

4 312

435

9 702

979

9 702

979

10 78

1 088

8 624

870

8 624

870

6 468

653

At Fo

unda

tions

20

%12

2 904

400

6 468

653

8 624

870

19 40

5 958

19 40

5 958

21 56

2 175

17 24

9 740

30 18

7 046

At Clo

sed c

onstr

uctio

n 25

%15

3 630

500

8 085

816

10 78

1 088

24 25

7 447

24 25

7 447

26 95

2 719

59 29

5 982

At Fin

ishing

25

%15

3 630

500

8 085

816

10 78

1 088

24 25

7 447

110 5

06 14

9At

Rece

ption

10%

61 45

2 200

3 234

326

58 21

7 874

Gros

s Sale

s Rev

enue

, VAT

incl

100%

614 5

22 00

00

00

00

03 2

34 32

67 5

46 76

120

484 0

6736

116 6

4450

671 1

1271

155 1

7973

850 4

5186

787 7

5626

4 675

704

00

Sales

costs

(fees

,taxe

s,roy

alty)

-11%

(67 59

7 420

)

-

-

-

-

-

-

(35

5 776

)

(83

0 144

)

(2

253 2

47)

(3 97

2 831

)

(5

573 8

22)

(7 82

7 070

)

(8

123 5

50)

(9 54

6 653

)

(29

114 3

27)

-

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0%-

-

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-

-

-

-

-

-

-

-

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-

-

-

-

-

Net S

ales R

even

ue , V

AT ex

cl.54

6 924

580

00

00

00

2 878

550

6 716

618

18 23

0 819

32 14

3 813

45 09

7 290

63 32

8 109

65 72

6 901

77 24

1 103

235 5

61 37

60

0Eq

uity

Equit

y Con

tributi

on

130 0

00 00

0

13

0 000

000

Me

zzan

ine by

share

holde

rs-

-

-

-

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-

-

-

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-

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her C

ontrib

ution

53

510 8

18

4 2

80 86

5

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

4 2

80 86

5

-

-

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Work

ing C

apita

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e-ope

ning

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btotal

183 5

10 81

8

13

4 280

865

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

3 7

45 75

7

4 2

80 86

5

-

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Finan

cing

Cons

tructi

on Lo

an7 6

24 67

8

82

2 266

82

2 266

1 5

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7

4 3

36 01

6

17

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58

10 61

4 259

5 6

68 52

8

(6

633 1

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(23 19

3 296

)

(35 16

3 395

)

(53 16

5 026

)

(60 56

0 052

)

(75 33

3 722

)

(235 5

61 37

6)

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erest

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37

2 574

11

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0 364

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9 247

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0 749

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7 667

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)

(87

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)

(1

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(2 68

7 128

)

(5

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tSub

total

51 15

9 584

7 997

252

8 935

274

9 885

607

11 60

6 638

16 15

1 901

33 63

3 278

44 82

8 286

51 15

9 584

45 11

0 819

22 20

5 190

(13 12

8 282

)

(67 16

3 407

)

(129 3

99 82

9)

(207 4

20 67

9)

(448 7

96 19

4)

Total

of th

e Peri

odIN

730 4

35 39

8

14

2 278

118

4 6

83 77

9

4 6

96 09

0

5 4

66 78

8

8 2

91 02

1

21

227 1

34

17

819 3

16

16

793 6

73

15

927 8

12

12

983 9

42

13

509 5

75

13

038 7

41

7 2

36 23

7

3 5

01 11

9

(5

814 1

39)

-

-

-

Fin

ance

Assu

mptio

nsAp

artme

nts5,2

5%Av

g Deb

t Cos

tEq

uity

Cash

183 5

10 81

8

25

%Se

nior D

ebt

5,25%

-

Non-C

ash

0%Me

zzan

ine D

ebt

5,25%

51 15

9 584

Debt

Mezz

anine

51 15

9 584

7%De

bt To

tal51

159 5

84

Se

nior

0%To

tal23

4 670

402

32%

2011

2012

2013

2014

2015


PROJECT INTERIOR AREAS

BRIEF PROJECTm²

APARTMENTSType A - 1 bedroom x units of NIA x m² 5 units @ m² 125-160 790Type B - 2 bedroom x units of NIA x m² 9 units @ m² 160-210 1 803Type C - 3 bedroom x units of NIA x m² 16 units @ m² 220-270 4 278Type D - 4 bedroom x units of NIA x m² 21 units @ m² 300-330 6 341Type E - 4 bedroom x units of NIA x m² 5 units @ m² 350-370 1 870Type F - 5 bedroom x units of NIA x m² 0 units @ m² 390-440 0Type G - duplex x units of NIA x m² 1 units @ m² 1300 1 304Corridors included in GIA 0Maids, Storage not foreseenGuest Room Terraces 6 units @ m² 746Garages see OthersIndividual pools not foreseen

SUB TOTAL 57 16 386PUBLIC AREA

Luggage/Valet 20Reception & Concierge incl Security 200Lounge Bar not foreseen 0Public Restrooms not foreseen 0Store not foreseen 0Restaurant not foreseen 0

SUBTOTAL 220BACK OF HOUSE

Kitchen/F&B for Room Service 50Administration all included (back office, accounting, exec, etc.) 150House Keeping & Laundry Maids storage 148Repairs & Maintenance integrated in Hotel 0Mechanical & Electrical Mechanical rooms 759Staff Facilities integrated in Hotel 0

SUBTOTAL 1 107RECREATIONAL

Outside Pool not foreseen 0Other not foreseen 0

SUB TOTAL 0OTHER

Garages, in the building Single 87 units @ m² 30 2 610Garages, in the building Double 0 units @ m² 60 0

SUB TOTAL 2 610

TOTAL AREA NIA m² 20 323Shared spaces m² 23,3% 6 157

TOTAL AREA GIA NIA + Shared spaces m² 26 480TOTAL AREA GEA GEA = GIA * % m² 5,2% 27 848

TERRACES Room Terraces Penthouse 500m² & others 6 units @ m² 746Ground floor Outside 1 998 50% m² 999

TERRACES m² 1 745

Notes :The areas above are indicative at the schematic stage , and are subject by verification by the architects , and subject to change and final confirmation.All NIA figures include all internal walls and circulation areas

BUILT AREAS "NIA"


FF&E , OS&E and Special equipments

FF&E Type A - 1 bedroom incl lights 5 Units @ £85 000 £425 000Type B - 2 bedroom incl lights 9 Units @ £95 000 £855 000Type C - 3 bedroom incl lights 16 Units @ £105 000 £1 680 000Type D - 4 bedroom incl lights 21 Units @ £115 000 £2 415 000Type E - 4 bedroom incl lights 5 Units @ £125 000 £625 000Type F - 5 bedroom incl lights 0 Units @ £135 000 £0Type G - duplex incl lights 1 Units @ £200 000 £200 000

Public Area £25 000 Restaurant £0 Decorative Lighting (excluding guest rooms) £5 000 Garden & Pool FF&E £0 BOH areas incl engineering & maintenance £100 000 Model mock-up room £100 000 Contingencies 5% £321 500 Subtotal FF&E 57 Units @ £118 447 6 751 500£

OS&E Rooms, Lobby, Corridors,… 57 Units @ 0 € 0 Restaurant/Kitchen 57 Units @ 0 € 0 BOH areas included € 0 Contingencies 5% € 0 Subtotal OS&E 57 Units @ £0 € 0

Owner's Direct / Special equipments Security Camera CCTV System £40 000 Sound System Equipment £0 Signage (interior & exterior) £20 000 IT £50 000 Kitchen & Bar equipment 57 Units @ £50 000 £2 850 000 Laundry equipment 57 Units @ £1 500 £85 500 Miscellaneous & contingencies 5% £152 275 Subtotal Owner's Direct / Special equipments 3 197 775£

Total FF&E , OS&E , special equipments 57 £174 549 9 949 275£

Notes :The FF&E for the Apartments does include only the fixed furniture in the rooms e.g. the buit-in cupboards) & bathrooms

ONE

GROS

VENO

R PL

ACE

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ARTM

ENT P

ROFO

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2011

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tion 4

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THE

APAR

TMEN

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N FO

R 10

year

sK

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ar :

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

Numb

er of

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ms :

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5757

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o pay

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enu t

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rtmen

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ers !

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pert

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ance

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eser

ve is

not fo

rese

en (

to be

chec

ked)

hamiltons architectshamiltons architects

D E V E L O P M E N T S T U D I E S


hamiltons architects

Architects. Masterplanners.

The Site


N

Context

Access from Outside



Organisational Patterns

Flexibilty Daylight / Sunlight

Serv

ices

Efficient Services Structural Flexibilty

Prominent Views

Serv

ices

Serv

ices

A

B

Clear Servicing Strategy

Organisational Strategy

Access off central courtyard

Maximise Potential with dual facing units

Gri

d to

sui

t


Organisational Patterns Access off central courtyard

Flexibilty

Serv

ices

Efficient Services Structural Flexibilty

Prominent Views over Hyde Park Maximise Potential with dual facing units

Serv

ices

Serv

ices

Hyd

e Pa

rk

A

B

Clear Servicing Strategy

Organisational Strategy

Heirarchy of use


View from Front - Showing Existing Building

View from Front - Showing Existing Buildings and Rights to Light Constraint View from Rear - Showing Existing Buildings and Rights to Light Constraint

View from Rear - Showing Existing Building

Massing - Existing Building

Development Studies

Option 1 Option 4

Option 2 Option 4 : Typical Upper FloorOption 4: Ground FloorOption 3

Options explored relating to client preference

hotel

residential

residential

hotel

hotel

residential

hotel

residential


Massing Studies



Lifts

Lifts

Lifts

Lifts

Ground Floor Plan

Key

HotelResidentialHotel Back of HouseShared Hotel / Residential CoreRetailPlant

N

ONE GROSVENOR PLACE - Option 4


303m2 263m2 317m2 296m2

206m2

Approx. Rooms Sizes GIA (Room number) 8 x Hotel Room B 60 sqm

1 x Hotel Suite 70-100 sqm

Level One Floor Plan

Key


N

apt 1 apt 2 apt 3 apt 4

apt 5

ONE GROSVENOR CRESCENT - Option 4

Lifts

Lifts

Lifts

Lifts


Level Two - Five - Floor Plan

Approx. Rooms Sizes GIA (Room number)

6 x Hotel Room A 50 sqm

8 x Hotel Room B 60 sqm

1 x Hotel Suites 100 sqm

303m2 263m2 317m2 296m2

206m2

374m2 293m2 278m2 158m2

Key


N


apt 5


Lifts

Lifts

Lifts

Lifts



Level Six Floor Plan

244m2 191m2 255m2 296m2

206m2

Key


N


apt 5

Lifts

Lifts

Lifts

Lifts



8 x Hotel Room B 60 sqm


374m2 293m2 278m2 158m2apt 6 apt 7 apt 8 apt 9



Level Seven Floor Plan


1 x Presidential Suite 625 sqm

652m2

279m2 258m2 188m2

Key


N

apt 1

Presidential Suite

apt 2 apt 3 apt 4



Level Eight Floor Plan

652m2

279m2 258m2 188m2

Key


N

apt 1

apt 2 apt 3 apt 4






Level Basement 1 - Floor Plan

Key


N

Lifts

Lifts

Lifts

Lifts




Key


N

Lifts

Lifts

Lifts

Lifts



1-3 Grosvenor PlaceProposed Area Schedule

sqm sqft sqm sqft sqm sqft sqm sqft sqm sqft sqm sqft sqm sqft sqm sqft sqm sqft

Level 3 - Carpark Level 0 0 0 0 0 0 0 0 0 0 0 0 3813 41,043 0 0 4077 43,885Level 2 - Carpark Level 0 0 0 0 697 7,503 0 0 0 0 0 0 5166 55,607 0 0 5458 58,750Level 1 - Basement Level 1,178 12,680 0 0 1,518 16,340 679 7,309 0 0 0 0 5166 55,607 0 0 5458 58,750Ground Floor 2,435 26,210 560 6,028 0 0 0 0 0 0 0 0 2515 27,071 715 7,696 3460 37,243First Floor 608 6,545 1385 14,908 267 2,874 490 5,274 1281 13,789 2310 24,865 3776 40,645Second Floor 940 10,118 2488 26,781 1298 13,972 3011 32,410 4492 48,352Third Floor 940 10,118 2488 26,781 1298 13,972 3011 32,410 4492 48,352Fourth Floor 940 10,118 2488 26,781 1298 13,972 3011 32,410 4492 48,352Fifth Floor 940 10,118 2488 26,781 1298 13,972 3011 32,410 4492 48,352Sixth Floor 940 10,118 2295 24,703 1298 13,972 2815 30,301 4301 46,296Seventh Floor 625 6,728 1377 14,822 784 8,439 1695 18,245 2598 27,965Eighth Floor 524 5,640 1377 14,822 784 8,439 1695 18,245 2598 27,965

Total 10,070 108,393 16,946 182,407 2,215 23,842 946 10,183 490 5,274 0 0 25,999 279,853 21,274 228,993 49,694 534,906

TOTAL CAR PARKING NO: 139

NOTE:The areas above are indicative at the feasibilty stage only and are subject to change and confirmation. All NIA figures include all internal walls and circulation areas.

A cladding zone of 450mm has been adopted for the purposes of these area calculations

HOTEL & RESIDENTIALGEA

(iii) Construction methods and building tolerances.(iv) Local Authority consents.

These areas have been calculated in accordance with the RICS/ISVA Code of Measuring Practice, 6th Edition, RICS 2001 using the stated options NIA, GIA and GEA.Conversion factor between square metres and square feet: 1sq.m = 10.764sq.ft

Areas are approximate and relate to the likely areas of the building at the current stage of the design. Any decision to be made on the basis of these predictions, whether as to project viability, pre-letting, lease agreements and the like, should make allowance for the following:(i) Design development.

HOTELGIA

RETAILNIA

(ii) Accurate site survey, site levels and dimensions.

HOTELNIA

RESIDENTIALNIA

RESIDENTIALGIA

(MEP)LEVEL

BOH (hotel) BOH (residential)NIANIA NIA


Area ScheduleONE GROSVENOR PLACE - Option 4 ONE GROSVENOR PLACE - Option 4


Hotel

1 64 6892 60 6463 60 6464 60 6465 60 6466 60 6467 60 6468 60 6469 144 1,55010 52 56011 52 56012 52 56013 52 56014 52 56015 52 560

Apartment

1 303 3,2612 263 2,8313 317 3,4124 296 3,1865 206 2,2176 374 4,0267 293 3,1548 278 2,9929 158 1,701

Total 940 10,118 2,488 26,781

Resi NIA (sqm)

Resi NIA (sqft)

Hotel NIA (sqm)

Hotel NIA (sqft)Type Room #

Level 2-5

Hotel

1 64 6892 60 6463 60 6464 60 6465 60 6466 60 6467 60 6468 60 6469 144 1,550

BOH 267 2,874

Apartment

1 303 3,2612 263 2,8313 317 3,4124 296 3,1865 206 2,217

BOH 490 5,274

Total 895 9,634 1,875 20,183

Hotel NIA (sqm)

Hotel NIA (sqft)Type

Level 1

Room # Resi NIA (sqm)

Resi NIA (sqft)

NOTES: These areas have been calculated in accordance with the RICS/ISVA Code of Measuring Practice, 5th Edition, RICS 2001 using the stated options NSA, GEA and GIA.Conversion factor between square metres and square feet: 1sq.m = 10.764sq.ft

Areas are based on an exterior wall thickness of aproximately 400mm, party wall thickness 300mm and corridor width of 1500mm.They are approximate and relate to the likely areas of the building at the current stage of the design. Any decision to be made on the basis of these predicitons, whether as to project viability, pre-letting, lease agreements and the like, should make due allowancefor the following(i) Design development.(ii) Accurate site survey, site levels and dimensions.(iii) Construction methods and building tolerances.(iv) Local Authority consents.

Accommodation ScheduleONE GROSVENOR PLACE - Option 4


Hotel

1 625 6,728

Apartment

1 652 7,0182 279 3,0033 258 2,7774 188 2,024

Total 625 6,728 1,377 14,822

Resi NIA (sqm)

Resi NIA (sqft)

Presidential Suite

Hotel NIA (sqm)

Hotel NIA (sqft)Type Room #

Level 7

Hotel

1 64 6892 60 6463 60 6464 60 6465 60 6466 60 6467 60 6468 60 6469 144 1,55010 52 56011 52 56012 52 56013 52 56014 52 56015 52 560

Apartment

1 244 2,6262 191 2,0563 255 2,7454 296 3,1865 206 2,2176 374 4,0267 293 3,1548 278 2,9929 158 1,701

Total 940 10,118 2,295 24,703

Room # Hotel NIA (sqm)

Hotel NIA (sqft)Type

Level 6Resi NIA

(sqm)Resi NIA

(sqft)





Hotel

1 56 6032 56 6033 56 6034 56 6035 144 1,5506 52 5607 52 5608 52 560

Apartment

1 652 7,0182 279 3,0033 258 2,7774 188 2,024

Total 524 5,640 1,377 14,822

Level 8

Room # Type Hotel NIA (sqm)

Hotel NIA (sqft)

Resi NIA (sqm)

Resi NIA (sqft)




Park Hyatt Presentation AM (1) - Miguel Guedes de Sousa

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