Tallinn, 2014-11-18 15:56 CET (GLOBE NEWSWIRE) -- AS Pro Kapital Grupp hereby discloses the summary of the valuation of Pro Kapital Baltic real-estate portfolio. The market value and the investment value of Pro Kapital Baltic real-estate portfolio is stated in the valuation summary as of 18.11.2014, the valuation was made by NEWSEC BALTICS. The valuation summary is attached to this notice.
Overview of the valuation and the influence of the valuation on Q4 2014 report
| PROJECT | Type of asset as of 30.09.2014 | Book value in consolidated reports as of 30.09.2014 in th € | Market value from Newsec 18.11.2014 in th € | Influence to the Q4 report in th € | Investment value from Newsec 18.11.2014 in th € |
| Tondi Quarter | Inventories | 11 711 | 28 100 | 0 | 38 980 |
| Ilmarine Quarter | Inventories | 525 | 426 | 0 | 443 |
| Kalaranna Residential Complex | Inventories | 4 932 | 14 500 | 0 | 24 690 |
| Peterburi Rd. Shopping Centre | Investment property | 24 300 | 25 700 | 1 400 | 56 400 |
| Ülemiste 5 office building (shopping extension) | Investment property | 1 700 | 3 200 | 1 500 | 9 500 |
| PK Ilmarine Hotel | Land and buildings | 5 756 | 6 570 | 814 | 6 800 |
| Šaltinių Namai Residential Complex | Inventories | 11 683 | 16 090 | 0 | 18 950 |
| Tallinnas St. Residential Complex | Inventories | 6 708 | 4 100 | 0 | 6 200 |
| Zvaignes Centre | Inventories | 2 470 | 2 500 | 0 | 3 800 |
| Kliversala Residential Complex | Inventories | 8 944 | 19 900 | 0 | 32 400 |
| PK Riga Hotel | Land and buildings | 5 682 | 6 500 | 818 | 6 520 |
| TOTAL | 84 411 | 127 586 | 4 532 | 204 683 | |
* The list of properties does not include PK Parkhotel Kurhaus building in Bad Kreuznach, Germany, new valuation of the property is in process
** Based on IFRS rules inventories are accounted in the reports at cost method and are not subject to revaluation
*** The influence on the Q4 report is stated based on the current classification of the assets
Iveta Vanaga
Head of Investor Relations
Phone: +37129239064
E-mail: iveta@prokapital.lv
