investment units a, B & c, Trilogy Business park, woodhall, holytown lanarkshire Ml1 4yT Three high QualiTy Modern office Buildings

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1 investment opportunity units a, B & c, Trilogy Business park, woodhall, holytown lanarkshire Ml1 4yT Three high QualiTy Modern office Buildings

2 investment summary strategically located, prominent office buildings fronting the M8 at eurocentral, lanarkshire, central scotland. Three high quality, modern, detached office buildings. let to high profile tenants ncr, laing o rourke and cisco. attractive unexpired lease terms of 6.1 years. passing rent of 1,817,155 per annum. a new long leasehold interest at a rent of 1 per annum. offers in excess of 9,000,000 (Nine Million Pounds Sterling) are sought for the long leasehold interest in the property. a purchase at this level will show a net initial yield of 19.08% after allowing for purchaser s costs at 5.80%. location eurocentral is located in lanarkshire, approximately 18 km (11 miles) east of glasgow city centre and approximately 50 km (31 miles) west of edinburgh. over 937,000 people live within a 35 minute journey of eurocentral, timed during peak rush hour. one in eight of the catchment is a fully qualified professional person. This, combined with the comparatively low staff costs, make eurocentral an attractive businesses location. communications Road The park is adjacent to the a8/m8 motorway which connects scotland s principal cities and provides access to the central Belt of scotland and the national motorway network. a dedicated intersection providing direct access to the a8 links the site with the M73 and M74 at the Baillieston interchange, 4.82 km (3 miles) to the west and the M8 immediately to the east. The scottish government have plans to spend 500 million upgrading and improving the M8 and the Ballieston Junction. These improvements will shorten journey times from glasgow to Trilogy Business park. Rail eurocentral is served by the greater glasgow rail network linking glasgow with lanarkshire via regular services to stations close to eurocentral. The closest railway station is coatbridge, 6.12 km (3.8 miles) away, approximately 10 minutes drive. eurocentral is also the location of scotland s first eurofreight train terminal providing retail services throughout the uk and europe. Bus a regular bus service stops at eurocentral running between glasgow and livingston. The 15a/15X commences early morning through to early evening, taking 20 minutes from glasgow to Townhead avenue, eurocentral. Air glasgow and edinburgh international airports can both be reached within 30 minutes drive and the air freight terminal of prestwick airport is within a 1 hour drive. This plan is published for convenience of identification. Any boundaries shown are indicative only and should be checked against the Title Deeds. The plan is based upon Ordnance Survey Map with the permission of the Controller of H M Stationery Crown Copyright.

3 units a, B & c Trilogy Business park situation eurocentral is scotland s largest commercial site extending over some 263 hectares (650 acres) and is scotland s premier industrial distribution location. it benefits from a number of onsite amenities including a Berits & Brown restaurant, The peppery house coffee shop and a nursery. The office buildings are located on one of eurocentral s most prominent sites, adjacent to and fronting the M8/a8 motorway, and accessed off caledonnia way via woodhall, the central axis through the park. occupiers that have been attracted by the parks excellent accessibility and impressive on site amenities include news international, Morrisons, next, dhl, wincanton, British Bakeries, scottish power and the dakota hotel. By occupation, over one in eight people living in the catchment are fully qualified professional staff, amounting to 12.8% of total employees and closely matching 12.9% nationally. staff costs are comparatively low against scottish levels, and are particularly competitive in skilled manufacturing trades and plant and machine drivers. This plan is published for convenience of identification. Any boundaries shown are indicative only and should be checked against the Title Deeds. The plan is based upon Ordnance Survey Map with the permission of the Controller of H M Stationery Crown Copyright. GLASGOW (11MILES) M8/M74/M73 & A80 EDINBURGH (31MILES) M8 NEWS INTERNATIONAL DAKOTA HOTEL EUROCENTRAL JUNCTION A8/M8 RETAIL CALCARB NURSERY SIG HEADLAM ACS WINCANTON FEDEX WARBURTONS WINCANTON SCOTTISH & SOUTHERN ENERGY NEXT RAIL FREIGHT TERMINAL NORBERT DENTRESSANGLE DSV/WINCANTON LIGHTBODY HOVIS CITY LINK NORBERT DENTRESSANGLE LATHAMS

4 description The property comprises three good quality office buildings totaling 11, sq m (125,790 sq ft). unit a is constructed on ground, first and second floors, and units B and c on ground and first floors only. The properties are built to an institutional specification comprising a structural steel frame, double glazed units, brickwork to ground floor and steel composite cladding above. internally, the specification comprises comfort cooling and raised access flooring. The site is attractively landscaped and incorporates 521 car spaces serving each of the three buildings, a car parking ratio of 1:22.43 sq m (1:241 sq ft). accommodation and Tenancy UNIT TENANT SIZE EPC LEASE LEASE RENT SQ M (SQ FT) CERTIFICATE LENGTH EXPIRY PER ANNUM PER SQ FT RENT REVIEW A Highbridge (Eurocentral) Industries Ltd (Guaranteed by Highbridge (Eurocentral) Developments Limited)* 4, ,189 D 17 years 26th March , yearly reviews to OMRV B NCR Ltd (Guaranteed by NCR Corporation) 4, ,343 D 17 years 26th March , yearly reviews to OMRV C Laing O Rourke 2, ,258 D 13 years 24th March , No further rent reviews TOTAL 1,817,155 * Building A is let in its entirety to Highbridge (Eurocentral) Industries Ltd and sub-let in part (ground) to Cisco Systems (Scotland) Ltd expiring 25th March 2020 and Morgan Sindell in part (second floor) expiring 25th March Full EPCs can be provided upon request. UNIT A UNIT B UNIT C

5 units a, B & c Trilogy Business park Tenure The property is currently held by the vendor on a ground lease expiring on 26th March 2128, with approximately 113 years unexpired. The purchaser will however be granted a new sub-underlease for the remainder of the 113 year term, less 1 year (expiring 25th March 2127), at a rent of 1 per annum. covenant information highbridge (eurocentral) industrial limited has been given a B1 rating by dun & Bradstreet and the following is a summary of their most recent financial data: 31ST MARCH 2013 ( S) 31ST MARCH 2012 ( S) 31ST MARCH 2011 ( S) Turnover 959,533 1,019,751 1,036,793 Profit before tax 239, , ,171 Net Worth 316,124 76, ,243 NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with business into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 450 million transactions daily across the retail, financial, travel, hospitality, telecom and technology industries. NCR Corporation is headquartered in Duluth, Georgia with over 26,000 employees and does business in 180 countries. NCR has a Standard and Poor s Rating of BB+ and the following is a summary of their most recent financial data. 31ST DECEMBER 2012 ($000S) 31ST DECEMBER 2011 ($000S) 31ST MARCH 2010 ($000S) Net Revenue/Sales 5,730,000 5,443,000 4,819,000 Net Income 146,000 53, ,000 Shareholder Equity 1,247, , ,000 laing construction was formed in 1848 in the uk and o rourke & sons was formed in 1978 in canada. The companies merged in 2001 to form laing o rourke construction, the uk s largest privately owned construction company. laing o rourke plc has been given a 5a1 rating by dun & Bradstreet and the following is a summary of their most recent financial data: 31ST MARCH 2013 ( 000S) 31ST MARCH 2012 ( 000S) 31ST MARCH 2011 ( 000S) Turnover 1,640,100 1,622,400 1,746,300 Profit before tax 21,500 27,400 28,600 Net Worth 171, , ,300

6 glasgow out of Town office MarkeT glasgow city centre take up was adversely affected by the recent global economic downturn, reducing from 75,259 sq m (811,156 sq ft) in 2007 to a 9 year low in 2012 of 29,687 sq m (319,550 sq ft). however, confidence is returning to the market and take-up in 2013 rose by 173% to 51, sq m (554,000 sq ft). as a result there is pressure on supply which is forcing occupiers to consider pre lets, secondary accommodation and the out of town opportunities. The out of town market enjoyed a positive end to 2013 seeing a quarterly rise of 29% in take up to 3, sq m (34,500 sq ft). cushman & wakefield s research shows demand for glasgow in 2014 is currently 59, sq m (638,000 sq ft) with the average size of requirement being 1, sq m (16,400 sq ft). The most relevant out of town letting transactions in recent years are as follows: TENANT Glasgow 2014 SQ M SIZE SQ FT 10, ,000 PROPERTY Taunton House 20/30 Albion Street Scottish Power plc 7,432 80,000 Ochil House Hamilton International Park SEPA 5,445 58,610 Maxim 6 Maxim Office Park IBM UK Ltd 1,960 21,098 Enable Scotland 1,774 19,100 Phase 2, Riverside Business Park Greenock Elite House, Europoint Office Park, Eurocentral

7 units a, B & c Trilogy Business park plant & Machinery none of the systems or equipment in the property have been tested by cushman & wakefield llp and a prospective purchaser may wish to make their own investigations to check that they are in working order. capital allowances There are no transferable plant and machinery capital allowances available to the purchaser as these are to be retained by the vendor. vat The properly has been elected for vat purposes, although the sale of the property cannot be treated as a Transfer of a going concern (Togc) as the purchaser will be granted a new sub-underlease for the remainder of the 113 year term, less 1 year and at a rent of 1 per annum. proposal we are instructed to seek offers in excess of 9,000,000 (Nine Million Pounds Sterling) subject to contract and exclusive of vat for a new long leasehold interest. a purchase at this level would reflect a net initial yield of 19.08%, after allowing for purchaser s costs at 5.80%.

8 STEVEN NEWLANDS Tel: CUSHMAN & WAKEFIELD LLP 66 Hanover Street Edinburgh EH2 1EL KYLE JOSS Tel: CUSHMAN & WAKEFIELD LLP 43/45 Portman Square London W1A 3BG February 2014 CUSHMAN & WAKEFIELD, INC. MISREPRESENTATION ACT 1967 and PROPERTY MISDESCRIPTIONS ACT 1991 Cushman & Wakefield LLP (and their joint agents if appointed) for themselves and for vendors or lessors of this property whose agents they are, give notice that: (1) The particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract. (2) No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatever in relation to this property. (3) This property is offered subject to contract and, unless otherwise stated, all rents are quoted exclusive of VAT. (4) Nothing in these particulars should be deemed to be a statement that the property is in good condition or that any services or facilities are in working order. (5) Unless otherwise stated, no investigations have been made regarding pollution or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. Photography, Print & Design by Plus Art Ltd