Deka Immobilien. Global Real Estate Investments.

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1 Deka Immobilien. Global Real Estate Investments. Bundled 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. Fund Management. Welcome to your global player in the field of Open-ended Real Estate Funds. 9 Public Real Estate Funds for private clients. 11 Special Real Estate Funds and Open-ended Real Estate Funds 13 for institutional investors. Individual Real Estate Funds. 15 Alternative Investments. 17 Equity Investments. Asset Management. Real estate acquisitions and sales. 19 Real Estate Management. 21

3 Equity Investments. Our investment property locations. 22 Equity Investments. Your contacts. 25 Debt Investments. Real estate financing worldwide. 27 Debt Investments. Our financing property locations. 29 Debt Investments. Your contacts. 31

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5 Think globally, act locally. As our partner you can set the highest standards. DekaBank is the central asset manager of the German Savings Bank Finance Group (Sparkassen- Finanzgruppe). DekaBank devises holistic asset management solutions for savings banks, regional public banks (Landesbanken) and their clients, as well as providing their partners in the Savings Bank Finance Group with a continual supply of flexible liquidity. First choice for the world s largest financial alliance. With fund assets under management exceeding 160 billion euros, over five million managed port folios and Group offices in 17 countries, the DekaBank Group is one of Europe s largest asset managers. The DekaBank Group s property expertise is bundled into the Asset Management Immobilien business unit (AMI). With more than 22 billion euros of assets under management, a real estate credit volume of over seven billion euros and involvements in 26 markets, our activities in the real estate asset class represent one of the Group s core areas. AMI comprises the two investment companies Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbh, the management company Deka Immobilien GmbH, as well as the DekaBank Real Estate Lending unit. 40 years of success. Our team of over 450 real estate professionals concentrates exclusively on the use types of office, retail, hotel and logistics. By using joint agencies on 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. Paris, France, Le Centorial. 5

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

7 Structure and business units. Your at-a-glance summary. Deka Immobilien. Global Real Estate Investments. Equity Investments: Real Estate Fund business. Debt Investments. Fund Management Public Funds Special Funds Individual Real Estate Funds Alternative Investments Asset Management Acquisitions and sales Real Estate Management Real Estate Finance Assets under management over 22 billion euros Rental income 1.2 billion euros p. a. Over 430 buildings in 23 countries Over five million sq m let space 400 employees Over seven billion euros financing volume 50 employees at seven offices worldwide September 2010

8 Our strengths are your advantage. You can build on the financial strength of the DekaBank Group. You benefit from over 40 years of real estate experience on 26 markets worldwide. All our investments are based on in-depth macro and micro research. You benefit from the know-how of over 450 real estate professionals. Frankfurt, Germany, Trianon, DekaBank headquarters.

9 Deka Immobilien. Know-how and a worldwide network. The DekaBank Group s worldwide real estate activities are structured under a single business unit. Equity Investments: Real Estate Fund business. Fund Management. Our Open-ended Real Estate Funds offer our investors access to worldwide opportunities in the real estate investment classes office, retail, logistics and hotel. Together with WestInvest Gesellschaft für Investmentfonds mbh, Deka Immobilien Investment GmbH currently manages fund assets worth over 22 billion euros. The Luxembourg-based management company Deka Immobilien Luxembourg S. A. offers a firstclass platform for product innovations in the field of Alternative Investments. Asset Management. Deka Immobilien GmbH is the affiliate of these companies responsible for the acquisition and sale of all real estate, as well as for the letting and management of all other properties. An additional role, in collaboration with a professional real estate market research firm, is the development of inno vative fund products. Debt Investments: Real Estate Finance. The DekaBank Real Estate Lending unit is responsible for the commercial real estate finance which we offer exclusively to major real estate investors on the markets and real estate classes of relevance for the various funds. 7

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11 Equity Investments: Fund Management. Welcome to your global player in the field of Open-ended Real Estate Funds. For over four decades, Deka Immobilien has had a presence on the major real estate markets, and is an acknowledged trailblazer for innovative fund products with high quality and transparency standards. We are the market leader in the field of Open-ended Public Real Estate Funds for private investors, as well as being a major provider of Special Real Estate Funds for institutional investors and of Individual Real Estate Funds. With fund assets of over 20 billion euros at the end of 2009 distributed across more than 430 properties both in Germany and abroad the Deka Group is one of Europe s leading asset managers. At Deka Immobilien, quality takes precedence over quantity, and for our stability-oriented products risk and liquidity management take precedence over the short-term maximising of returns. Barcelona, Spain, Plaça de Catalunya 5. 9

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13 Equity Investments: Fund Management. Public 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, and in 2002 we became the first to offer a globally investing public fund at all our branches in Germany. Through our Open-ended Real Estate Funds we bundle 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 minimise risk the portfolios show wide diversification in terms of use types, size classes and regional spread. The fund s business activities focus on the acquisition, value-oriented development and sale on liquid markets of commercial property ready for use by third parties. Products. Deka-ImmobilienEuropa. Open-ended Real Estate Fund focusing on investments in Germany (40 %) and the rest of Europe (60 %). WestInvest InterSelect. Open-ended Real Estate Funds focusing on investments in Germany (30 40 %) and the rest of the EU (60 70 %). Deka-ImmobilienGlobal. The first German Open-ended Real Estate Funds to invest worldwide. Brussels, Belgium, Boréal. 11

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15 Equity Investments: Fund Management. Special Real Estate Funds and Open-ended Real Estate Funds for institutional investors. Tradition and innovation: we launched our first Open-ended Special Real Estate Fund in Germany back in 1976, and 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 insurance companies, occupational pension schemes, banks and pension funds. In addition, we manage ten Special Real Estate Funds. The way these are managed is determined through consultation with the institutional investors concerned on the basis of their individual goals and needs. Deka Immobilien provides advice and assistance in optimising individually tailored investment strategies, professionally implements the investment decisions and continually fine-tunes the optimisation process. Naturally, we also take on the entire organisational and financial management process with the assistance of real estate, taxation and company law experts. Products. WestInvest ImmoValue. A public fund focusing on investments in European office property. Deka Special Funds family. Special funds with a variety of regional and sectoral investment strategies. Single-Sector Funds. A family of single-sector strategy funds focusing exclusively on either retail, hotel or logistics real estate, thus offering institutional investors, family offices and trusts the opportunity to augment their portfolios ideally or to create an individual mix. Washington, D. C., USA, 1999 K Street. Photograph by Rainer Viertlböck. 13

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17 Equity Investments: Fund Management. Individual Real Estate Funds. Because they are not subject to the provisions of the German Investment Act, our Individual Real Estate Funds offer plenty of room for manoeuvre when it comes to risk-opportunity profiles. Furthermore, they can be precisely tailored in terms of taxation, legal and economic aspects to the needs of return-oriented investors with an international perspective. With Individual Real Estate Funds, a higher borrowing ratio is possible, facilitating both leverage effects and tax-efficient property and corporate transactions. Taking the individual risk-opportunity profile into account, this allows us to deliver better after-tax returns for the investor. This investment form combines the flexibility of direct investments with the minimal management costs of a fund solution, because the real estate acquisitions and sales and the ongoing real estate and portfolio management are taken care of by the specialists at Deka Immobilien. Deka Immobilien s 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 investment goals, the risk-opportunity profiles or the framework of supervisory or company law applying to a given investor group for instance, savings banks, banks, insurance companies, pension funds or business enterprises. Products. Deka-S-Property Fund Family. Prague, Czech Republic, Florenc Office Center. 15

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19 Equity Investments: Fund Management. Alternative Investments. The current focus is on the fields of Real Estate Private Equity and investments in real estate loans and infrastructure loans. In this segment, we devise and manage innovative product designs differing markedly in character from classical fund business for both institutional investors and high net-worth private savings bank clients. When developing attractive new products, we exploit the opportunities offered by German and Luxembourg investment law, in particular. Products. Real Estate Private Equity. Innovative fundof-funds solution for private banking clients and institutional investors. The fund invests chiefly in Closed-end and Open-ended Real Estate Private Equity Funds which are customarily reserved for institutional investors and very high net-worth private investors. Loan Investments. A regulated investment fund product for institutional investors which invests either in low-risk real estate financing of commercial real estate in the world s top markets or in infrastructure financing. London, Great Britain, Moor House. 17

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21 Equity Investments: Asset Management. Acquisitions and sales specialists with a global network. Active on 26 markets, investing in 23 countries: on four continents our business partners place their trust in our real estate expertise and financial strength. Their closeness to the markets and professionalism makes Deka Immobilien s buyers and sellers soughtafter contacts for real estate investors and developers all over the globe. Deka Immobilien s targeted approach and high level of execution security are particularly appreciated. Our close links with the Savings Bank Finance Group give us outstanding financial strength and make us more flexible than other investors. The properties for our investment products are purchased on the basis of exacting return and quality criteria, with highly professional, internationally experienced investment teams who have excellent knowledge of the local markets ensuring successful acquisitions and sales of commercial property. The acquisition and sales teams are backed up by our market-leading research which underpins the quality of the decision-making during a clearly-structured and swift acquisition process. On average, our team of approximately 35 professionals execute around worldwide transactions per year, with a total volume of some two to three billion euros. Real estate acquisitions and sales. The active portfolio management approach rigorously pursued by Deka Immobilien confers particular importance on our acquisitions and sales of real estate. Melbourne, Australia, 15 William Street. 19

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23 Equity Investments: Asset Management. Letting and management we optimally reconcile the interests of tenants and investors. Our central remit 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 improvement of the property s quality. Real Estate Management. Asset Management. Our asset managers are responsible for the property. Alongside their letting activities, they also monitor and coordinate all property and facility management activities. In addition, they prepare all property sales and are involved in the acquisition process. 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. Sustained added value is attained through forwardlooking building planning and the implemen tation of structural maintenance and modernisation work coupled with wide-ranging property marketing activities. For clients investing in our Open-Ended Real Estate Funds, all this means a stable investment delivering sustained long-term returns. Warsaw, Poland, Atrium City. 21

24 Equity Investments. Selected investment property locations. 22

25 Selected real estate. Europe Belgium Brussels France Lyon Paris Toulouse Boréal, Brussels Le Centorial, Paris Herriots, Frankfurt Germany Berlin Düsseldorf Frankfurt Hamburg Munich Stuttgart Finland Helsinki Turku Moor House, London Great Britain London Ireland Cork K1, Helsinki Mahon Point Shopping Centre, Cork

26 Italy Milan Rome The Netherlands Amsterdam Herzogenbusch Rotterdam The Hague Via Pirelli, Milan De Resident, The Hague Lithuania Kaunas Wilna Austria Vienna Akropolis Shopping Center Kaunas, Kaunas Die 116, Vienna Luxembourg Luxembourg Poland Cracow Gleiwitz Warsaw Laccolith, Luxembourg Atrium City, Warsaw

27 Portugal Lisbon Czech Republic Prague Rua Castilho 20, Lisbon Jungmannova Plaza, Prague Sweden Solna Stockholm Hungary Budapest Frösunda Port, Solna Atrinova, Budapest Plaça de Catalunya 5, Barcelona Spain Barcelona Cartagena Madrid Australia Australia Melbourne Perth Sydney 15 William Street, Melbourne

28 North America Asia Canada Vancouver Japan Osaka Tokyo Yokohama Bentall V, Vancouver, Photograph: Sam Dulmage Urban Terrace Chayamachi, Osaka Mexico Mexico City South Korea Seoul Torre de los Parques, Mexico City Myungdong Central Building, Seoul USA Coral Gables, Florida Cranbury, New Jersey San Francisco San José, California Washington, D. C. Other markets on which we are active: Chile Denmark Singapore 1999 K Street, Washington, D. C., Photograph: Rainer Viertlböck (excerpt)

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31 Equity Investments. Your contacts. Acquisitions and sales. Head: Thomas Schmengler Tel.: + 49 (0) Fax: + 49 (0) thomas.schmengler@deka.de Andreas Martin (International) Tel.: + 49 (0) Fax: + 49 (0) andreas.martin@deka.de Stefan Scholl (Europe) Tel.: + 49 (0) Fax: + 49 (0) stefan.scholl@deka.de Victor Stoltenburg (Germany) Tel.: + 49 (0) Fax: + 49 (0) victor.stoltenburg@deka.de Dr Malte-Maria Münchow (Retail, Hotels, Logistics) Tel.: + 49 (0) Fax: + 49 (0) malte-maria.muenchow@deka.de CRO/COO Real Estate Asset Management. Head: Burkhard Dallosch Tel.: + 49 (0) Fax: + 49 (0) burkhard.dallosch@deka.de Fund Management. Head: Torsten Knapmeyer Tel.: + 49 (0) Fax: + 49 (0) torsten.knapmeyer@deka.de Real Estate Management. Head: Ulrich Bäcker Tel.: + 49 (0) Fax: + 49 (0) ulrich.baecker@deka.de We will be glad to provide you with additional information on our worldwide services. Just get in touch with us! London, Great Britain, Finsbury Square

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33 Debt Investments. Real estate financing at a major international real estate investor s level. As a real estate specialist with a wealth of expe rience built up over many years, Deka Immobilien finances finished commercial properties on selected world wide markets. Because we have ourselves 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 standard financing but also when complex structures are involved. We combine comprehensive knowledge of the conditions on all major international real estate markets with in-depth understanding of individual 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 to the preparation 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. San Francisco, USA, 101 California Street. 27

34 Rome, Italy, Parco Medici.

35 Debt Investments. Selected financing property locations. North America Europe Asia/Pacific Canada Montreal Toronto Vancouver USA Boston Los Angeles New York San Francisco Seattle Washington, D. C. Germany Berlin Cologne Düsseldorf Frankfurt Hamburg Leipzig Munich Stuttgart France Lyon Paris Great Britain Birmingham Cardiff London Manchester Italy Milan Rome The Netherlands Amsterdam The Hague Switzerland Bern Spain Barcelona Madrid Shanghai Singapore Melbourne Sydney (excerpt) 29

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37 Debt Investments. Your contacts. As well as the German-speaking area and Western Europe (France, Great Britain, Scandinavia, Italy and Benelux), we are also represented on selected markets in the USA, Canada and Asia/Pacific. Closeness to ones clients and the relevant locations is of paramount importance in order to enter and understand local markets more effectively. Nowhere is this truer than in the real estate industry. In order to ensure that we provide our local business partners with friendly personal care and gather comprehensive market knowledge, DekaBank founded a wholly owned subsidiary in Tokyo in 2008, and has now also opened further branch 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 at our German locations are sought-after contacts for the (international) real estate investors on whom we concentrate. 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. Real Estate Lending. Anni Hönicke Global Head of Real Estate Lending Tel.: + 49 (0) Fax: + 49 (0) anni.hoenicke@deka.de Mark Titcomb, London Tel.: + 44 (0) Fax: + 44 (0) mark.titcomb@deka.de Jobst Lehmann, Milan Tel.: + 39 (0) Fax: + 39 (0) jobst.lehmann@deka.de David McNeill, New York Tel.: Fax: david.mcneill@deka.de Michel Koch, Paris Tel.: + 33 (0) Fax: + 33 (0) michel.koch@deka.de Kenichi Negishi, Tokyo Tel.: + 81 (0) Fax: + 81 (0) kenichi.negishi@deka.de London, Great Britain, 50 Broadway. 31

38 D /1T/m Stand: 09/10 Deka Immobilien GmbH Taunusanlage Frankfurt, Germany P.O. Box Frankfurt, Germany Tel.: + 49 (0) Fax: + 49 (0)