Mercurius

• Homburg Mercurius is investing indirectly in a renovation of a shopping mall in the center of Kaunus in Lithuania
• Total gross returns (after Lithuanian taxes) have been projected at 19.39% per year.
• Investment horizon of 30 months, participation starting at 75.000 Euros (5 certificates of shares), excluding 3% issuing fee.
• The selected investment structure is tax-friendly and limits the participant’s liability to the amount of their participation.

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

The total investment for the acquisition and renovation comes to 42.410.425 Euros, including costs. The required equity capital of 13.950.000 Euros has been raised by Homburg Mercurius.

Homburg Mercurius is investing indirectly in the company AB Merkurijus. This company owns the Merkurijus shopping centre, located on the main shopping boulevard at 60 Laisves aleja, in downtown Kaunas.

The current shopping centre has an area of 14,232 m2 on a 7,135m2 lot. Our intention is to redevelop the shopping centre into 229 apartments distributed over 18,400 m2, and 4,600 m2 of retail space. This would include 435 parking places.

The current zoning plan designates this parcel as a commercial property. An amendment to the zoning plan will be requested so that the parcel is also designated for residential use. For this, the landlord must develop a detailed plan. A ‘detailed plan’ is a detailed outline of the further development of the parcel. It details the type and quantity of apartments and retail space to be built on the parcel. The city government must first approve this ‘detailed plan’, after which we can apply for the building permit.

Development and approval of a ‘detailed plan’ takes around six to twelve months, and the building permit application takes around three months. Subsequently, the actual construction phase will take around fifteen months, which brings the project up to a total estimated implementation time of 30 months.