Partnership Citadel Hill

• Homburg Citadel Hill Building is a “Class A” office building in an excellent location.
• Investment horizon of seven years.
• The cash flow yield is rather high, at 11.14%* on average.
• The estimated return on sales is over 40%, which brings the total annual returns up to an average of 17.01%.
• The Homburg Uni-Corp Group’s ample experience and proven expertise, as well as its financial interests in maximizing returns, provide assurance of excellent management.
• The General Partner does not share in the profits until the investors have received a preferred yield of 11% annually.

* This is a projection. The value of your investment may fluctuate. Results attained in the past are no guarantee of future performance.

Average over seven years
As a Limited Partner in the Limited Partnership, Maatschap Homburg Citadel Hill is entitled to a preferred yield of 11% of the deposited equity capital. 70% of the increase over the preference is accrued to the Limited Partner and 30% to the General Partner.

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7
Cash flow yield per participation (before taxes)	€ 4,662	€ 4,337	€ 4,524	€ 5,032	€ 5,330	€ 7,634	€ 7,462
Cash flow yield	9.32%	8.67%	9.05%	10.06%	10.66%	15.27%	14.92%
Average over seven years	11.14%

The projected sales result is 20,558 CAD per participation of 50,000 CAD. Thus, the return on sales comes to 41.12%, or 5.87% annually. This brings the total projected yield up to an average of 17.01% per year over the seven-year term.

Please see under Yields for the average annual yield on equity capital.

The value of your investment may fluctuate. Results attained in the past are no guarantee of future performance.

The Homburg Citadel Hill Office Building is located in the Halifax Central Business District. This area of Halifax has a prestigious reputation thanks to the renowned businesses based there.

In particular, these include regional offices of financial institutions, attorneys, accountants, automation firms, and government services.
Given this building’s luxurious workmanship and prime location, it is truly a “Class A” building.

As of February of 2007, the Nova Scotia Department of Fisheries and Agriculture was leasing an area of 23,624 sq. ft. in the Citadel Hill Office Building. MATA Restaurants terminated their lease as of May 1st. This brings the vacancy rate up to 19.7% as of June of 2007. While this vacancy rate is still relatively high, its effect is dampened by the head lease agreement entered into with Homburg Canada Inc.
Cisco Systems Canada will begin leasing an additional space of 4993 sq. ft on October 1st. In addition to this, a space of 4777 sq. ft. will be leased to NetPro Engineering on October 1st.
This partnership’s profits are exceeding expectations. The annual cash yield on equity capital comes to 26%. Thus far, Citadel Hill has produced a cumulative disbursable profit of 13.9%, while projections indicated 10.4%.