Deka Immobilien. Global Real Estate Investments.

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1 Deka Immobilien. Global Real Estate Investments. Integrated real estate expertise. Deka Immobilien GmbH

2 Contents. About us. 5 Deka Immobilien. Global Real Estate Investments. Structure and business units. 6 Know-how and a worldwide network. 7 Equity Investments. Welcome to your global player in the field of Open-ended Real Estate Funds. 9 Public Real Estate Funds for private clients. 11 Solutions for institutional investors: Special Real Estate Funds and Open-ended Real Estate Funds. 13 Solutions for institutional investors: Individual Real Estate Funds and alternative Investments. 15 Real estate acquisitions and Sales. 17 Leasing and management. 19 Our investment property locations. 20 Your contacts. 22

3 Debt Investments. Real estate financing worldwide. 23 Locations of the financed properties. 25 We are always at your service. 27

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5 About us. As our client you can expect the highest standards. DekaBank is the central asset manager of the German Savings Bank Finance Group (Sparkassen- Finanzgruppe). Deka Group devises holistic asset management solutions for savings banks, regional public banks (Landesbanken) and their clients. First choice for the world s largest financial alliance. The Deka Group has total customer assets of around 208 billion euros and around four million securities accounts, making it one of the largest securities services providers in Germany. Investmentfonds mbh, the management company Deka Immobilien GmbH, as well as the DekaBank Real Estate Lending division. Over 40 years of success. Our team of approx. 540 real estate professionals concentrates mainly on office, retail, hotel and logistics property types. By using joint agencies in the most important markets and a coordinated customer approach, we work in close collaboration on the equity and debt side with our business partners, always observing the highest confidentiality standards where their interests are concerned. The Deka Group s property expertise is integrated into a special business unit. The real estate asset class is one of the core areas of the Group, with approximately 27 billion euros in assets under management, more than 7 billion euros in real estate loans and investments in 25 countries. The real estate business unit is essentially comprised of the two investment companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Paris, France, Le Centorial. 3

6 Deka Immobilien. Global Real Estate Investments. Find out what that means to us. 4

7 Structure and business units. Your at-a-glance summary. Deka Immobilien. Global Real Estate Investments. Equity Investment. Fund Management Open-Ended Real Estate Funds Special Real Estate Funds Individual Real Estate Funds Fund of Real Estate Funds Debt Funds Acquisitions and Sales Real Estate Management Risk, Finance and Organisation Debt Investments. Real Estate Lending Assets under management approx. 27 billion euros Annual transaction volume between 2 and 3 billion euros Rental income approx. 1.6 billion euros p. a. Over 450 buildings in 25 countries Over 7.9 million sqm let space Approx. 540 employees Loan book of approx. 7 billion euros Annual new loan production more than 2 billion euros Syndication volume 1 billion euros plus Approx. 50 employees at seven offices worldwide Source: Deka Immobilien GmbH

8 Our strengths are your advantage. You can rely on the financial strength of the Deka Group. You benefit from over 40 years of real estate experience in 25 countries worldwide. All our investments are based on in-depth macro and micro research. You benefit from the know-how of approx. 540 real estate professionals. Frankfurt, Germany, Trianon, DekaBank headquarters.

9 Deka Immobilien. Global Real Estate Investments. Know-how and a worldwide network. The Deka Group s worldwide real estate activities are structured with in a real estate business unit. Equity Investments. Fund Management. Our Open-ended Real Estate Funds offer our investors access to worldwide opportunities in office, retail, logistics and hotel property types. Together with WestInvest Gesellschaft für Investmentfonds mbh, Deka Immobilien Investment GmbH currently manages fund assets of approx. 27 billion euros. The Luxembourg-based management company Deka Immobilien Luxembourg S. A. and the Deka Investors Special InvAG offer First-Class plattforms for product innovations in the field of Alternative Investments. Asset Management. Deka Immobilien GmbH is the affiliate of these companies and responsible for the acquisition and sale of all real estate, as well as for the leasing and management of all other properties. An additional role, in collaboration with a profes sional real estate market research firm, is the development of inno vative fund products. Risk, Finance and Organisation. The Risk, Finance and Organisation unit of Deka Immobilien is responsible for managing financial fund components, monitoring risks and all fund accounting. Real Estate Financing. The Real Estate Lending unit is respon sible for commercial real estate finance which we offer exclusively to major real estate investors operating in those markets and real estate classes which are also of relevance for our funds. 7

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11 Equity Investments. Welcome to your global player in the field of Open-ended Real Estate Funds. For over four decades, Deka Immobilien has had a presence in the major real estate markets, and is an acknowledged trailblazer for innovative fund prod ucts with high quality and transparency standards. Deka Group is one of the leading suppliers in the field of Open-ended Public Real Estate Funds for private investors, as well as a major provider of Special Real Estate Funds for institutional investors and Individual Real Estate Funds. We also offer our investors regulated credit funds in the real estate, infra structure areas and transportation. With fund assets of approx. 27 billion euros distributed across more than 450 properties both in Germany and abroad the real estate business unit is one of Europe s leading real estate asset managers (as of ). The implementation of sustainability strategies is very important for a significant portion of the portfolio. Investments in a large number of portfolio properties were made on the basis of sustainability criteria. Many buildings are certified under international green building standards. At Deka Immobilien, quality takes precedence over quantity, and for our stability-oriented products risk and liquidity management take precedence over the short-term maximizing of returns. Excellent Management Quality.* AA+ AMR *Source: Scope Ratings 2014, Barcelona, Spain, Plaça de Catalunya 5. 9

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13 Our offer for private investors: Open-ended Real Estate Funds for private clients. Over 40 years ago Deka Immobilien Investment was one of the first providers of Open-ended Real Estate Funds. In 2002 we became the first to offer a globally invested public fund at all of our Real Estate Sectors in Germany. Our open-ended real estate funds allow us to aggregate the financial strength of private investors. We can achieve stable, steady long-term performance for such investors. Through our Open-ended Real Estate Funds we aggregate the financial strength of many different private investors, thus enabling us to offer the general public stable, steady, long-term growth. In line with our chosen investment strategy our Open-ended Real Estate Funds invest almost exclusively in commercial real estate. To minimize risk the portfolios show wide diversification in terms of asset classes, size of property classes and regions. Products. Deka-ImmobilienEuropa. Open-ended Real Estate Fund focusing on investments in Germany (30 40 %) and the rest of Europe (55 65 %), overseas (0 5 %). A+ AIF Offene Immobilienfonds WestInvest InterSelect. Open-ended Real Estate Funds focusing on investments in Germany (40 50 %) and the rest of the EU (50 60 %). BBB AIF Offene Immobilienfonds Deka-ImmobilienGlobal. The first German Open-ended Real Estate Funds to invest worldwide. A AIF Offene Immobilienfonds * The fund s business activities focus on acqui sition, value-oriented development and sale of commercial properties. *Source: Scope Ratings 2014, Washington, D. C., USA, 1999 K Street. Photograph by Rainer Viertlböck. 11

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15 Solutions for institutional investors: Special Real Estate funds and Open-ended Real Estate Funds. Tradition and innovation: we launched our first Open-ended Special Real Estate Fund in Germany in Since 2003 we have been offering WestInvest ImmoValue which delivers the benefits of the familiar Open-ended Public Real Estate Fund concept exclusively to institutional investors such as savings banks, insurance companies, occupational pension schemes, banks and pension funds. With the launch of the WestInvest single-sector strategy funds in 2009 the fund range has been further extended. This gives the institutional investors the opportunity to augment their portfolios ideally or to create an individual mix. Products. WestInvest ImmoValue. A public fund focusing on investments in European office property. * AA AIF Offene Immobilienfonds WestInvest Single-Sector Funds. A family of single-sector strategy funds focusing exclusively on either retail, hotel or logistics real estate. AA AIF Offene Immobilienfonds AA- AIF Offene Immobilienfonds *Source: Scope Ratings 2014, Gothenburg, Sweden, First Hotel G. 13

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17 Solutions for private banking clients and institutional investors: Individual Real Estate Funds and alternative investments. In addition, we manage eleven Special Real Estate Funds. The way these are managed is determined through consultation with the institutional investors on the basis of their individual goals and needs. Deka Immobilien provides advice and assistance in optimizing individually tailored investment strategies, implements professionally the investment decisions and continually fine-tunes the optimization process. Naturally, we also take on the entire organizational and financial management process with the assistance of real estate, taxation and company law experts. Deka Immobilien real estate professionals work together with institutional investors to devise the portfolio strategy and investment criteria. This means that the funds are tailored to either the invest ment goals or company law applying to a given investor for instance, savings banks, banks, insurance companies, pension funds or business enterprises. Products. Deka Special Real Estate Funds family. Special funds with a variety of regional and sectoral investment strategies. Deka-S-Property-Funds-Family. Individual Real Estate Funds with a variety of design options in terms of risk-return profile. For institutional investors our alternative Investments division is developing and managing innovative product concepts with significantly different characteristics than traditional fund business. The current focus are invest ments in real estate, infrastructure and transportation loans as well as real estate funds-of-funds. When developing attractive new products, we utilise the opportunities offered by German and Luxembourg investment law, in particular. Products. Loan Investment product family. Regulated investment fund products for institutional investors that invest in low-risk commercial real estate financing (Deka Realkredit Klassik) and infrastructure financing (Deka Infrastrukturkredit) as well as individual solutions for transportation financing. Deka-Immobilien StrategieInstitutionell. A fund-of-funds investing in real estate funds of the Deka Group. The fund is basicly investing in the funds WestInvest ImmoValue, funds of the WestInvest TargetSelect family and other institutional real estate funds of the Deka Group. London, Great Britain, Palestra. 15

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19 Acquisitions and Sales: Specialists with a global network. Invested in 25 countries across five continents, tenants, agents, investors and business partners trust our real estate expertise and financial strength. In addition to successfully managing more than 450 buildings on behalf of our investors, we execute investment strategies for all our real estate funds in selected growth markets. The core task of the Acquisitions and Sales department is the purchase and sale of real estate in line with our investment criteria. Investment decisions are based on stringent yield and quality criteria as well as our well founded knowledge of the respective markets. Further more, our leading in-house real estate research enhances the quality of our decision making in a clearly structured and well-defined investment process. The consistent implementation of an active portfolio management strategy within the real estate division places the Acquisitions and Sales department at a central position within the organisation. The close collaboration between the respective country manager and the specialist acquisition managers for retail, hotel and logistic properties is another guarantor for our successful invest ment activities in the most liquid real estate markets worldwide. Melbourne, Australia, 15 William Street. 17

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21 Leasing and management: We let the interests of tenants and investors converge. Our central philosophy is the active Asset Management of our real estate, with our primary goal being to ensure that our existing tenants enjoy a high level of satisfaction. From attractively designed property layouts for our tenants to upgrading the fabric of the building, we gear all our activities towards professional tenant care and the continuous im provement of the property s quality. Real Estate Management. Our asset managers are responsible for the property. Alongside their leasing activities, they also monitor and coordinate all property and facility management activities. In addition, they are involved in the acquisition process and prepare all property sales. Asset managers can also draw on the support of a expert group of architects and engineers with many years of project management and building planning experience. Our objective is to achieve sustained added value through forward-looking building planning and the implemen tation of structural maintenance and modernisation work coupled with wide-ranging property marketing activities. Investments in building refurbishment and maintenance measures are made taking into account environmentally appropriate and energy efficient building practices. This is to ensure that investors in our real estate funds receive a stable investment with sustainable returns. Prague, Czech Republic, Florenc Office Center. 19

22 Equity Investments. Selected investment property locations. 20

23 Think globally, act locally. Selected real estate and markets. Europe Belgium Antwerp, Brussels France Bordeaux, Lille, Lyon, Marseille, Paris, Toulouse Boréal, Brussels Le Centorial, Paris Germany Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart Herriot s, Frankfurt Great Britain Bristol, Cambridge, London One Southhampton Row, London Finland Helsinki, Turku Ireland Cork, Dublin K3, Helsinki Mahon Point Shopping Centre, Cork

24 Italy Milan, Rome The Netherlands Amsterdam, Rotterdam, The Hague Via Pirelli, Milan De Resident, Den Haag Lithuania Kaunas Austria Vienna Akropolis Shopping Center Kaunas, Kaunas Kaufhaus Gerngross, Wien Luxembourg Luxembourg Poland Cracow, Gleiwitz, Warsaw Laccolith, Luxembourg Atrium City, Warsaw

25 Portugal Lisbon Czech Republic Prague Deutsche Bank Building, Lisbon Jungmannova Plaza, Prague Sweden Gothenborg, Stockholm Hungary Budapest First Hotel G, Gothenborg Atrinova, Budapest Spain Barcelona, Cartagena, Madrid Plaça de Catalunya 5, Barcelona

26 North America Asia Mexico Mexico City Japan Osaka, Tokyo, Yokohama Torre de los Parques, Mexico City Urban Terrace Chayamachi, Osaka USA New York, Washington, D. C. Singapore 1999 K Street, Washington, D. C., Photograph: Rainer Viertlböck Chevron House, Singapur Australien South America Australia Melbourne, Sydney Chile Santiago de Chile 15 William Street, Melbourne Torre Titanium La Portada, Santiago de Chile

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29 Debt Investments. Real estate financing from the perspective of a major international real estate investor. As a real estate specialist with a wealth of experience built over many years, Real Estate Lending finances completed commercial properties in selected worldwide markets. As we have been in ves ting in real estate all over the world for more than 40 years, we can make our decisions swiftly and reliably, not only when it comes to stand ard financing but also when complex structures are involved. We combine comprehensive knowledge of the conditions in all major international real estate markets with in-depth understanding of local circumstances and proven financing expertise. An excellent network of external experts supports our dedicated and highly qualified teams, from the real estate evaluation stage through the prepar ation of documentation. We concentrate on loans secured by property rights. DekaBank also enjoys an outstanding reputation as a specialist in financing Open-ended Real Estate Funds. As with our funds, our activities focus exclusively on property in office, retail, hotel and logistics with a credit volume starting from 20 million euros. For major transactions, we work together with trusted banking partners. Whether variable or fixed-interest, short-term or long-term, our financing offers are tailored to the individual needs and goals of our clients. Modern risk assessment systems and models, backed up by individual security analyses, form the foundation for the arrangement and structuring of our real estate financing. New York, USA, 19 West 44th Street. 23

30 Paris, France, Opéra-Victoire.

31 Debt Investments. Selected financing property locations. North America Europe Asia/Pacific USA Boston Los Angeles New York San Francisco Seattle Washington, D. C. Germany Berlin Cologne Düsseldorf Frankfurt Hamburg Leipzig Munich Stuttgart Italy Milan Rome The Netherlands Amsterdam The Hague Melbourne Sydney Tokyo France Lille Lyon Marseille Paris Poland Warsaw Spain Barcelona Madrid Great Britain Birmingham Cardiff Liverpool London Manchester As of:

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33 Debt Investments. We are always at your service. As well as the German-speaking area and Western Europe (France, Great Britain, Italy), we are also represented on selected markets in the USA and Asia/Pacific. Closeness to our clients and the relevant locations is of outstanding importance in order to enter and understand local markets more effectively. In order to ensure that we provide our local business partners with friendly personal care and gather com prehen sive market knowledge, Deka Group maintains a wholly owned subsidiary in Tokyo, and further representative offices in London, Milan, Paris and New York. Of course, all these external offices are headed by experts in the respective national markets. Just like our buyers and sellers, our financing experts in New York, London, Paris, Milan, Tokyo and in Germany are sought-after contacts for international real estate investors. As in the equity segment, we are renowned in real estate financing for the professionalism of our personnel, our swift yet stringent decision-making processes and our similarly decisive execution. London, Great Britain, 60 Holborn Viaduct. 27

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35 London, Great Britain, 90 Long Acre. 29

36 Hotel Waldorf Astoria, USA, New York

37 Deka Real Estate. Your contacts. Avenue de Cortenbergh, Brüssel

38 Equity Investments. Your contacts. Fund Management. Head: Torsten Knapmeyer Tel.: (+ 49) Fax: (+ 49) Real Estate Management. Head: Ulrich Bäcker Tel.: (+ 49) Fax: (+ 49) Johannes Hermanns (Germany) Tel.: (+49) Fax: (+49) Franz-Josef Nolte (Europe / International) Tel.: (+49) Fax: (+49) [email protected] Horst R. Muth (Project Development and Management) Tel.: (+49) Fax: (+49) [email protected] Risk, Finance and Organisation. Head: Burkhard Dallosch Tel.: (+ 49) Fax: (+ 49) [email protected]

39 Debt Investments. Your contacts. Real Estate Lending. Head: Anni Hönicke Tel.: (+ 49) Fax: (+ 49) Amar Latif, Frankfurt Tel.: (+ 49) Fax: (+ 49) Mark Titcomb, London Tel.: (+ 44) Fax: (+ 44) Jobst Lehmann, Mailand Tel.: (+ 39) Fax: (+ 39) David McNeill, New York Tel.: (+ 1) Fax: (+ 1) Valérie Gabriel, Paris Tel.: (+ 33) Fax: (+ 33) [email protected] Kenichi Negishi, Tokio Tel.: (+ 81) Fax: (+ 81) [email protected] Nordamerika, Asien, Südamerika, Australien Bilder aus Innenteil einfügen

40 Equity Investments. Your contacts. Acquisitions and Sales. Head: Thomas Schmengler Tel.: (+ 49) Fax: (+ 49) Andreas Martin (International) Tel.: (+ 49) Fax: (+ 49) Stefan Scholl (Europe) Tel.: (+ 49) Fax: (+ 49) Victor Stoltenburg (Germany) Tel.: (+ 49) Fax: (+ 49) Dr. Malte-Maria Münchow (Retail, Hotels, Logistics) Tel.: (+ 49) Fax: (+ 49)