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Acquisitions 2016

Palmas Altas Plot of Land

1 MARCH

Asset Characteristics
Property Name	Palmas Altas
Property Type	Plot of Land
Location	Sevilla
Ownership (%) (*)	-
Year of Construction	-
GLA	-
Purchase Date	-
Acquisition Price	-
Valor de mercado (**)	-
Price/ sqm	-
No. of Tenants	-
WAULT	-

Portal de la Marina

30 MARCH

Asset Characteristics
Property Name	Portal de la Marina
Property Type	Shopping Centre
Location	Ondara (Alicante)
Ownership (%) (*)	58,78%
Year of Construction	2008
GLA	17.638 sqm
Purchase Date	10 October 2014
Acquisition Price	47,6 million
Valor de mercado (**)	51,0 million
Price/ sqm	2.699€/sqm
No. of Tenants	Multi-tenant
WAULT	1,7 years

Key Performance Indicators
EPRA Occupancy Rate	91,1%
EPRA Net Initial Yield	7,2%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Acquisitions 2015

Lagasca 99 Plot of Land

30 JANUARY

Asset Characteristics
Property Name	Lagasca 99
Property Type	Residencial
Location	Madrid
Ownership (%)	50%
Year of Construction	2016
GLA	26.203 sqm
Purchase Date	30 JANUARY 2015
Acquisition Price	50,1 million
Market Value (*)	54,4 million
Price/ m²	N/A
No. of Tenants	Multi-tenant

^(*) (*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

As Termas Shopping Centre

15 APRIL

Asset Characteristics
Property Name	As Termas
Property Type	Shopping Centre
Location	Lugo
Ownership (%) (*)	100%
Year of Construction	2005
SBA	33.150 m2
Purchase Date	15 APRIL 2015
Acquisition Price	67,0 million
Valor de mercado (**)	68,5 million
Price/ m2	2.021 €/m2
No. of Tenants	Multi-tenant
WAULT	1,4 years

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Alovera III (C2)Logistics Warehouse

26 MAY

Asset Characteristics
Property Name	Alovera III (C2)
Property Type	Logistics Warehouse
Location	Guadalajara
Ownership (%)	100%
Year of Construction	2007
SBA	8.591 m²
Terreno	13.251 m2
Purchase Date	26 MAY 2015
Acquisition Price	3 million
Market Value (*)	3,3 million
Price/ m²	349 €/m²
No. of Tenants	Single-tenant
WAULT	1,0 years

Key Performance Indicators
EPRA Occupancy Rate	100%
EPRA Net Initial Yield	6,1%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Alovera IV (C5-C6) Logistics Warehouse

26 MAY

Asset Characteristics
Property Name	Alovera IV (C5-C6)
Property Type	Logistics Warehouse
Location	Guadalajara
Ownership (%)	100%
Year of Construction	2008
SBA	14.891 m²
Terreno	22.530 m2
Purchase Date	26 MAY 2015
Acquisition Price	7,2 million
Market Value (*)	7,5 million
Price/ m²	484 €/m²
No. of Tenants	Single-tenant
WAULT	3,2 years

Key Performance Indicators
EPRA Occupancy Rate	100%
EPRA Net Initial Yield	9,6%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Almussafes Logistics Warehouse

26 MAY

Asset Characteristics
Property Name	Almussafes
Property Type	Logistics Warehouse
Location	Valencia
Ownership (%)	100%
Year of Construction	2005
SBA	19.211 m²
Terreno	22.887 m²
Purchase Date	26 MAY 2015
Acquisition Price	8,4 million
Market Value (*)	8,5 million
Price/ m²	437€/m²
No. of Tenants	Single-tenant
WAULT	3,9 years

Asset Characteristics
EPRA Occupancy Rate	100%
EPRA Net Initial Yield	8,3%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Hypermarket Portal de la Marina

9 JUNE

Asset Characteristics
Property Name	Portal de la Marina
Property Type	Shopping Centre
Location	Ondara (Alicante)
Ownership (%)	100%
Year of Construction	2008
GLA	9.924 sqm
Purchase Date	9 JUNE 2015
Acquisition Price	7,0 million
Market Value (*)	7,8 million
Price/ sqm	705 €/sqm
No. of Tenants	Single-tenant
WAULT	14,3 years

Key Performance Indicators
EPRA Occupancy Rate	100%
EPRA Net Initial Yield	6,6%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Joan Miró Office Building

11 JUNE

Asset Characteristics
Property Name	Joan Miró
Property Type	Office Building
Location	Barcelona
Ownership (%)	85%
Year of Construction	1992
GLA	8.610 m²
Purchase Date	11 JUNE 2015
Acquisition Price	19,7 million
Market Value (*)	20,4 million
Price/ m²	2.285 €/m²
No. of Tenants	Multi-tenant
WAULT	1,9 years

Key Performance Indicators
EPRA Occupancy Rate	98,1%
EPRA Net Initial Yield	5,5%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Shopping Centre El Rosal

7 JULY

Asset Characteristics
Property Name	El Rosal
Property Type	Shopping Centre
Location	León
Ownership (%)	100%
Year of Construction	2007
GLA	51.022 mz
Purchase Date	7 July 2015
Acquisition Price	87,5 million
Market Value (*)	89,6 million
Price/ sqm	1.715 €/sqm
No. of Tenants	Multi-tenant
WAULT	1,8 years

Key Performance Indicators
EPRA Occupancy Rate	91,7%
EPRA Net Initial Yield	6,8%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Parque Galaria Retail Warehouse

23 JULY

Asset Characteristics
Property Name	Parque Galaria
Property Type	Retail Warehouse
Location	Pamplona
Ownership (%)	100%
Year of Construction	2003
GLA	4.108 m²
Purchase Date	23 July 2015
Acquisition Price	8,4 million
Market Value (*)	9,5 million
Price/ sqm	2.045 €/m²
No. of Tenants	Multi-tenant
WAULT	3,7 years

Key Performance Indicators
EPRA Occupancy Rate	100%
EPRA Net Initial Yield	7,0 %

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

As Termas Petrol Station

28 JULY

Asset Characteristics
Property Name	Gasolinera As Termas
Property Type	Petrol Station
Location	Lugo
Ownership (%)	100%
Year of Construction	2002
GLA	2.000 m²
Purchase Date	28 July 2015
Acquisition Price	1,8 million
Market Value (*)	1,8 million
Price/ sqm	900 €/m²
No. of Tenants	Single-tenant
WAULT	15,4 years

Key Performance Indicators
EPRA Occupancy Rate	100%
EPRA Net Initial Yield	5,9 %

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Cruce de Caminos Plot of Land

3 AUGUST

Asset Characteristics
Property Name	Cruce de Caminos
Property Type	Plot of Land
Location	Valencia
Ownership (%)	100%
Año de contruccion	2016
Año estimado de apertura	2017
Status	WIP
GLA	43.091 sqm
Purchase Date	3 AUGUST 2015
Acquisition Price	14,0 million
Market Value (*)	15,7 million
No. of Tenants	Multi-tenant

(1) Desarrollo del proyecto sujeto a la finalización del plan de comercialización.

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Shopping Centre Megapark

19 OCTOBER

Asset Characteristics
Property Name	Megapark
Property Type	Shopping Centre
Location	Bilbao
Ownership (%)	100%
Year of Construction	2007
GLA	63,938 sqm
Purchase Date	19 October 2015
Acquisition Price	€170.0 million
Market Value (*)	€171,4 million
Price/ sqm	€2,659 per sqm
No. of Tenants	Multi-tenant
WAULT	2.5 years

Key Performance Indicators
EPRA Occupancy Rate	95.1%
EPRA Net Initial Yield	5.9%

(*) The valuations have been made at 31 December 2015 by external independent valuers: JLL or C&W

Main events

Inicio - Portfolio

Palmas Altas Plot of Land

1 MARCH

Portal de la Marina

30 MARCH

Lagasca 99 Plot of Land

30 JANUARY

As Termas Shopping Centre

15 APRIL

Alovera III (C2)Logistics Warehouse

26 MAY

Alovera IV (C5-C6) Logistics Warehouse

26 MAY

Almussafes Logistics Warehouse

26 MAY

Hypermarket Portal de la Marina

9 JUNE

Joan Miró Office Building

11 JUNE

Shopping Centre El Rosal

7 JULY

Parque Galaria Retail Warehouse

23 JULY

As Termas Petrol Station

28 JULY

Cruce de Caminos Plot of Land

3 AUGUST

Shopping Centre Megapark

19 OCTOBER

FEBRUARY

Corporate bond issue (€ 140 million)

APRIL

General Ordinary Shareholders´ Meeting

MAY

Dividend distribution € 1.3 million (€ 0.033/share)

JUNE

Incorporation of Lar España’s shares on the FTSE EPRA/NAREIT Global Real Estate Index

AUGUST

Share capital increase: € 135 million

SEPTEMBER

Lar España Real Estate SOCIMI, S.A received the EPRA Gold Award

DECEMBER

General Extraordinary Shareholders´ Meeting