上海某路段营销和销售 投资报告Preliminary Investment Memorandum For the Marketing and Sale of 138 Huai Hai.docVIP

Preliminary Investment Memorandum For the Marketing and Sale of 138 Huai Hai Colliers International Investment Services Special Projects September 8th, 2009 TABLE OF CONTENTS 1 INTRODUCTION 2 2 PROPERTY SUMMARY 3-4 3 MARKET OVERVIEW 5-12 4 INVESTMENT HIGHLIGHTS 13-22 5 HOLDING STRUCTURE 23 6 PROPOSED TRANSACTION SCHEDULE 24 7 STANDARD NON-BINDING LETTER OF INTENT 25 8 APPENDIX 26-38 A. Letter of Intent 26-29 B. Floor Plans 30-32 C. Photos 33 D. Latest Rent Roll 34-35 E. Financial Statement 36-38 9 DISCLAIMER 39 Introduction 138 Huaihai Road (“The Property”) is a prime retail property located in Huaihai Zhong Road, in the heart of Shanghai. The property is the retail podium of Shanghai Square and provides a total GFA of 40,693 sq m with six floors above ground and one basement. Currently the NLA is around 21,363 sq m. It was completed on December 24th, 1997 and is currently under renovation to be completed in November 2009. The main reasons that make this project a rare investment opportunity are as follows: Situated in Huai Hai Zhong Road, one of the most luxurious shopping and entertainment areas in Shanghai, surrounded by Grade A offices. Strong value-added potential both in revenue improvement and capital appreciation through repositioning and tenant reshuffle. With Maison Mode in Times Square and the repositioning of Lippo Plaza and Hong Kong Plaza, this region will be upgrade to a high-end shopping area. International retail brands continue to attract footfall in the Shanghai central area Currently, the Property is owned by two Hong Kong companies controlled by Morgan Stanley Real Estate Fund V, which is seeking an investor with a solid interest in acquiring the Property by off-shore share transfer. With the authorisation by Morgan Stanley Real Estate Fund V, Colliers International Shanghai will undertake the responsibility as the sole agent to execute this disposition mandate. Any investor who is interested in pursuing this opportuni