Page 5 - KilmonaGrpPortfolio2022
P. 5
KEY POINTS
Net rent roll from the commercial real estate assets is c. £8.35 million p.a. Existing total floorspace c. 1.3 million sq ft.
55% of income is secured against Belfast City Centre offices.
80% of income is secured against government/high quality tenants.
95% occupied.
Overall WAULT is c. 4.5 years.
Profit for the leisure group current year is estimated to be £2 million (given Covid 19) and to rise to £4 million by 2024.
Asset Market Value estimated at c.£197 million.
£115.7 million of debt secured by three separate principal senior bank funders
with security on the Group’s assets.
The Kilmona Group has £194 million of corporate tax losses forward which will enhance financial returns by sheltering profits
from corporation and capital gains taxes.
3
