Cresud Sociedad Anónima,
Comercial, Inmobiliaria, Financiera y Agropecuaria
Exhibit
The following is a summary of the Group’s investment properties as of June 30, 2020 prepared in accordance with SEC Regulation S-X 12-28 (all amounts in millions, except otherwise indicated):
Initial costs | Subsequent costs | Costs at end of the year | ||||||||||
Name | Encumbrances | Plot of land | Buildings, facilities and improvements | Improvements / Additions / Disposals / Transfers | Plot of land | Buildings, facilities and improvements | Total | Capitalized costs, net | Fair value adjustments | Fair Value at the end of the year | Date of construction | Date of acquisition |
Rental properties | ||||||||||||
Operations Center in Argentina | ||||||||||||
Abasto Shopping | - | 206 | 5,667 | 260 | 206 | 5,927 | 6,133 | 3 | 1,195 | 7,331 | Nov-98 | Jul-94 |
Alto Palermo Shopping | - | 183 | 8,439 | 551 | 183 | 8,990 | 9,173 | 5 | (301) | 8,877 | Oct-90 | Nov-97 |
Alto Avellaneda | - | 365 | 3,697 | 834 | 365 | 4,531 | 4,896 | 9 | 100 | 5,005 | Oct-95 | Dec-1997 |
Alcorta Shopping | - | 220 | 2,800 | 720 | 220 | 3,520 | 3,740 | 1 | 1,499 | 5,240 | Jun-92 | Jun-97 |
Alto Noa | - | 8 | 970 | 173 | 8 | 1,143 | 1,151 | - | 95 | 1,246 | Sep-94 | Mar-95 |
Buenos Aires Design | - | - | 137 | - | - | 137 | 137 | - | (137) | - | Nov-93 | Nov-97 |
Patio Bullrich | - | 177 | 3,055 | 339 | 177 | 3,394 | 3,571 | 1 | (1,058) | 2,514 | Sep-88 | Oct-98 |
Alto Rosario | - | 794 | 405 | 962 | 794 | 1,367 | 2,161 | 5 | 2,256 | 4,422 | Nov-04 | Nov-04 |
Mendoza Plaza | - | 222 | 1,593 | 1,029 | 222 | 2,622 | 2,844 | 12 | (771) | 2,085 | Jun-94 | Dec-1994 |
Dot Baires Shopping | - | 677 | 602 | 4,724 | 677 | 5,326 | 6,003 | 6 | (369) | 5,640 | May-09 | Nov-06 |
Córdoba Shopping | Antichresis | 81 | 1,326 | 271 | 81 | 1,597 | 1,678 | - | (315) | 1,363 | Mar-90 | Dec-2006 |
Distrito Arcos | - | - | - | 2,270 | - | 2,270 | 2,270 | - | (234) | 2,036 | - | Nov-09 |
Alto Comahue | - | 55 | 198 | 2,557 | 55 | 2,755 | 2,810 | - | (1,450) | 1,360 | - | May-06 |
Patio Olmos | - | 167 | 311 | 1 | 167 | 312 | 479 | 1 | 488 | 968 | May-95 | Sep-07 |
Soleil Premium Outlet | - | 179 | 601 | 484 | 179 | 1,085 | 1,264 | 1 | 732 | 1,997 | - | Jul-10 |
Dot building | - | 153 | 50 | 2,030 | 153 | 2,080 | 2,233 | 11 | 2,305 | 4,549 | Sep-10 | Nov-06 |
Bouchard 710 | - | 1,387 | 1,138 | 88 | 1,387 | 1,226 | 2,613 | 3 | 4,186 | 6,802 | - | Jun-05 |
Bouchard 551 | - | 80 | 61 | 64 | 80 | 125 | 205 | - | 129 | 334 | - | Mar-07 |
Intercontinental Plaza | - | 42 | 603 | 3 | 42 | 606 | 648 | 1 | 266 | 915 | Nov-97 | |
BankBoston tower | - | 1,282 | 964 | 4 | 1,282 | 968 | 2,250 | 3 | 4,897 | 7,150 | - | Aug-2007 |
República building | - | 1,708 | 1,405 | 8 | 1,708 | 1,413 | 3,121 | 1 | 6,534 | 9,656 | - | Apr-2008 |
Phillips building | - | - | 1,453 | 1 | - | 1,454 | 1,454 | - | 1,418 | 2,872 | - | Jun-17 |
Zetta building | - | 462 | - | 3,579 | 462 | 3,579 | 4,041 | 128 | 9,109 | 13,278 | - | Dec -14 |
Catalinas building | - | 1,453 | - | 4,143 | 1,453 | 4,143 | 5,596 | 255 | 8,730 | 14,581 | - | May-10 |
Others | - | 252 | 1,040 | 414 | 252 | 1,454 | 1,706 | - | 3,160 | 4,866 | N/A | N/A |
Operations Center in Israel | ||||||||||||
Tivoli | - | 360 | 4,502 | 2,896 | 360 | 7,398 | 7,758 | - | 7,855 | 15,613 | Apr-11 | Oct-15 |
HSBC | Mortgage | 13,771 | 5,113 | 655 | 13,771 | 5,768 | 19,539 | - | 49,176 | 68,715 | 1927-1984 | Oct-15 |
Others | - | 2,843 | 6,441 | 690 | 2,843 | 7,131 | 9,974 | - | (3,581) | 6,393 | N/A | N/A |
Total rental properties | 27,127 | 52,571 | 29,750 | 27,127 | 82,321 | 109,448 | 446 | 95,915 | 205,809 |
Cresud Sociedad Anónima,
Comercial, Inmobiliaria, Financiera y Agropecuaria
Initial costs | Subsequent costs | Costs at end of the year | ||||||||||
Name | Encumbrances | Plot of land | Buildings, facilities and improvements | Improvements / Additions / Disposals / Transfers | Plot of land | Buildings, facilities and improvements | Total | Capitalized costs, net | Fair value adjustments | Fair Value at the end of the year | Date of construction | Date of acquisition |
Undeveloped parcels of land | ||||||||||||
Operations Center in Argentina | ||||||||||||
Building annexed to Dot | - | 713 | - | - | 713 | - | 713 | - | 3,589 | 4,302 | - | Nov-06 |
Luján plot of land | - | 362 | - | 37 | 362 | 37 | 399 | - | 634 | 1,033 | - | May-12 |
Caballito – Ferro | - | 783 | 55 | 221 | 783 | 276 | 1,059 | - | 2,336 | 3,395 | - | Nov-97 |
Santa María del Plata | - | 3,345 | 877 | - | 3,345 | 877 | 4,222 | - | 17,284 | 21,506 | - | Jul-97 |
La Plata plot of land | - | 402 | - | - | 402 | - | 402 | - | 606 | 1,008 | - | Mar-18 |
Intercontinental tower B | - | 358 | 14 | 575 | 358 | 589 | 947 | - | 211 | 1,158 | - | - |
Others | - | 126 | 42 | 72 | 126 | 114 | 240 | - | 382 | 622 | - | - |
Operations Center in Israel | ||||||||||||
Tivoli | - | 804 | - | 10 | 804 | 10 | 814 | - | 128 | 942 | Apr-11 | Oct-15 |
Total undeveloped parcels of land | 6,893 | 988 | 915 | 6,893 | 1,903 | 8,796 | - | 25,170 | 33,966 | |||
Properties under development | ||||||||||||
Operations Center in Argentina | ||||||||||||
PH Office Park | - | - | - | 16 | - | 16 | 16 | - | - | 16 | in progress | - |
Building annexed to Alto Palermo Shopping | - | 605 | - | 1,072 | 605 | 1,072 | 1,677 | - | 221 | 1,898 | in progress | - |
EH UTE | - | - | - | 114 | - | 114 | 114 | - | (33) | 81 | in progress | - |
Others | - | - | - | 159 | - | 159 | 159 | - | (12) | 147 | N/A | N/A |
Operations Center in Israel | ||||||||||||
Tivoli | - | 77 | 1,092 | 447 | 77 | 1,539 | 1,616 | - | (192) | 1,424 | in progress | Oct-15 |
Total properties under development | 682 | 1,092 | 1,808 | 682 | 2,900 | 3,582 | - | (16) | 3,566 | |||
Total | 34,702 | 54,651 | 32,473 | 34,702 | 87,124 | 121,826 | 446 | 121,069 | 243,341 |
(i) The breakdown of investment properties as of June 30, 2020 not includes leased farmlands for the amount of ARS 4,445.
(1) Properties located in Argentina.
(2) Properties located in United States of America.
(3) Properties located in Israel.