DUPUIS ASSET MANAGEMENT INTRODUCTION CLIENT PRESENTATION DUPUIS ASSET MANAGEMENT

Transcription

1 CLIENT PRESENTATION DUPUIS ASSET MANAGEMENT

2 Index Dupuis Asset Management Brief company overview Real Estate Asset Management Risk-/ Return profile and investment philosophy Company structure Team Introduction to our business areas

3 1. Brief company overview

4 BRIEF COMPANY OVERVIEW Dupuis Asset Management Dupuis Asset Management, founded in 1998, is a Berlin-based Real Estate Investment-/Asset Management Company focused on international private equity partners looking to expand their investment presence in the German real estate marketplace. Dupuis Asset Management is well positioned to meet the increasing demands of financially driven real estate investors amidst a rapidly changing real estate market environment. We follow a disciplined investment process that is focused on adding value the acquisition, ownership and disposition of an Asset. We pursue a disciplined and integrated investment process of top-down research and bottom-up market transaction intelligence. We highly value risk-management. Dupuis Asset Management can draw on a variety of specialized real estate teams, providing tailor-made solutions to its clients.

5 BRIEF COMPANY OVERVIEW Dupuis Asset Management To cover all the services, which are necessary to ascertain the successful management of a property, and to supply the required in depth knowledge to our customers, we have a team composed by 60 specialists (of which 14 persons are working in Asset Management and 46 persons in Property Management) to cover several business areas: investment management, asset-management, financial services, controlling / reporting, technical and commercial project management, property-management and renting. Our partners and project managers have been employed by different real estate companies before starting at Dupuis Asset Management. On average the expertise of our 9 partners and project managers is 13 years. Since the foundation of Dupuis Asset Management, not only one of our partners and project managers has left the company. Every mandate will be actively managed and attended by at least one of our partners.

6 ASSET MANAGEMENT 1 st seminary of Bernd Heuer Talk about Asset Management More than 51.0 bn have been invested in the German real estate market in Foreign investors account for approximately 62% of the cake.

7 2. Real Estate Asset Management

8 REAL ESTATE ASSET MANAGEMENT What is Real Estate Asset Management?

9 3. Risk- / Return profile and investment philosophy

10 RISK- / RETURN PROFILE AND INVESTMENT PHILOSOPHY Dupuis Asset Management is looking for value-added returns combined with coreplus products leveraging about 70%-75% of the investment

11 4. Company structure

12 COMPANY STRUTUR STRUCTURE Dupuis Asset Management DUPUIS GmbH General Partner Dupuis GmbH & Co. Asset Management KG Dupuis GmbH & Co. Project Management KG Dupuis GmbH & Co. Property Management KG Dupuis GmbH & Co. Investment KG und Dupuis Beteiligungs GmbH Sponsor Equity Dupuis GmbH & Co. Financial Services KG D&L Technical Services GmbH Domizil Property Management GmbH

13 5. Team

14 TEAM STRUCTURE Dupuis Asset Management Financial Project Management / Asset Management / Support Volker Müller-Simon Matthias Klipp Dirk Heger Technical Project Management Nikolai Kinder Justus Jansen Office Management / Reception Catharina Hoffmann Investment Management Asset Management Frank Dupuis Oliver Lenhardt Controlling Administration / Accounting Jürgen Kötting Anja Schantz Anja Gecke Roman Junges Property Management Carsten B- Loth Dana Buchholz Leasing Martin Koch Support / Research / Process Management Miriam Petersen Britta Menzel-König

15 DUPUIS ASSET MANAGEMENT TEAM

16 Frank Dupuis Oliver Lenhardt Carsten Loth Volker Müller-Simon Matthias Klipp Dirk Heger Jürgen Kötting Anja Schantz Nikolai Kinder Justus Jansen Miriam Petersen Britta Menzel-König Roman Junges Anja Gecke Catharina Hoffmann

17 Frank Dupuis Investment- / Asset Management Responsible for Investment- and Asset Management. He graduated with a Business Degree in Real Estate in He founded an investment advisory boutique in 1991, sold his shares and founded Dupuis Asset Management in Credentials Frank Dupuis has more than 16 years experience in Real Estate Investments and Advisory, complex background in the development of urban quarters and a full dedication to Investment- /Asset Management in partnerships with international equity investors since He is a member of the Advisory Board of Berliner Volksbank e.g., Germany s leading regional co-operative bank. Member of NAREIM and ULI (Urban Land Institute)

18 Dipl.-Kfm. Oliver Lenhardt Investment- / Asset Management Responsible for Asset Management, Project Management and Investment Management. Prior to his assignment at Dupuis Asset Management, he was with Bavaria (Bankgesellschaft Berlin) as a project-manager and owner representative. He graduated from FU Berlin with a major in Economics and he has a degree in the post graduate study Real Estate Management at TU Berlin Credentials Oliver Lenhardt had direct project responsibilities for an aggregated investment volume of approximately 400m. At Dupuis Asset Management he was heading acquisitions for assets- under-management of about 300 m.

19 Carsten B. Loth Asset Management / Property Management Responsible for administration of Property Management and support and integration of Asset Management. He graduated with a Business Degree on Real Estate in He has 15 years of real estate experience in Berlin and worked as a director for several SPV`s and investment companies. Credentials Carsten Loth was responsible and acted as a director for developments with a total investment volume of more than 500 m. He is a member of the supervisory Board of BWV Köpenick e.g.

20 Volker Müller-Simon Asset Management / Project Management Responsible for Asset Management, Project Management and support of Investment Management. After his apprenticeship at Deutsche Bank, he graduated from the University with a master s degree in macroeconomics and political science. Prior to his assignment at Dupuis Asset Management, he was at IVG Immobilien AG as project manager and owner representative. Credentials Volker Müller-Simon had direct project responsibilities for an aggregated investment volume of about 300 m.

21 Dipl.-Ing. Matthias Klipp Asset Management / Project Management Since October 2007 Matthias Klipp is responsible for the Asset Management, Project Management and support of Investment Management Mr. Klipp graduated in 1989 with a master s degree in civil-engineering at Humboldt-University in Berlin. Credentials Matthias Klipp has many years of experience as leader in project management and developments district council, responsible for housing and living in Berlin Prenzlauer Berg, followed by activities as leader of urban renewal at Landesbank Berlin Grundstücksentwicklungsgesellschaft mbh, executive director for S.T.E.R.N., head of akquisition and developments at Berner Group GmbH and DEUWA, authorised representative for Akelius GmbH in Berlin.

22 Dipl.-Ing. Dirk Heger Asset Management / Project Management Responsible for Asset Management, Project Management and support of Investment Management. Prior to his assignment at Dupuis Asset Management, he was at DKB Immobilien AG as project-manager and owner representative. He graduated from the University with a major in architecture and made a post-graduated study of Real Estate Management at TU Berlin Credentials Dirk Heger had direct project responsibilities for an aggregated investment volume of about 250 m.

23 Jürgen Kötting Accounting / Controlling Responsible for Controlling and Accounting. He graduated from FU Berlin with a major in Economics in Since 12 years he has been working in leading positions in Controlling, Accounting and in the commercial management of companies. 8 out of those 12 years, he has been working in the real estate industry. Credentials Head of Controlling at Capricornus Group of Companies. Responsible for around 350 m. Assets-under-Management and for the controlling of buildings projects with an aggregated amount of 100 m. Commercial execution and controlling of several hotel projects.

24 Dipl.-Inf. Anja Schantz Controlling und Accounting Responsible for Controlling and Accounting Anja Schantz holds a Degree in business management and computer science by the European Business School (ebs). Furthermore she has a Certificate in International Accounting. Credentials Anja Schantz worked for Trizec Hahn Europe being responsible for monthly reporting on the European level including consolidation according to German and international accounting standards as well as implementing new IT-systems. Before starting at Dupuis Asset Management she worked for Schitag Ernst & Young as an audit assistant.

25 Justus Jansen Capex Management Responsible for Capex Management, Technical Project Management, Project Steering, Construction Management and support of Technical Evaluation / Due Diligence and Reporting. Credentials He graduated from TFH Berlin with a major as construction engineer and as industrial engineer. Prior to his assignment at Dupuis Asset Management in 2006 he worked with Specker Bauten and Bassmann Bau AG and he was responsible for the refurbishment of old buildings in Berlin. He worked for Heinle, Wischer and Partner, an architecture studio in Cologne and he was responsible for the refurbishment of the Clinicum Cologne, as well. Justus Jansen had direct project responsibilities for an aggregated construction volume of more than 300 m in several construction and refurbishment projects.

26 Dipl.-Arch. Nikolai Kinder Capex Management Responsible for Capex Management, Technical Project Management, Project Steering, Construction Management and support of Technical Evaluation / Due Diligence and Reporting. He graduated from TFH Berlin with a major as Diplom-Ingenieur Architekt (FH). Prior to his assignment at Dupuis Asset Management in 2000, he worked with architectural and development companies specialising in complex refurbishments and re-utilisation of existing properties. Credentials Nikolai Kinder had direct project responsibilities for an aggregated construction volume of more than 50 m in several construction and refurbishment projects. Direct responsibility of all refurbishment properties of Dupuis Asset Management.

27 6. Introduction to our business areas

28 REAL ESTATE FINANCE Investment Management Asset Management Owners representation Advisory on Asset- and Portfolio deals Due-Diligence services Financing advisory (especially refinancing, equity and leverage instruments) Creation of investment- and financing structures as well as asset supply.

29 REAL ESTATE DEVELOPMENT PROJECT MANAGEMENT Strategic advisory and management on property executions and conversions. Classic project management (Cost management, scheduling, quality and organisation). Senior construction management and general design for properties under refurbishment. Feasibility studies.

30 PROPERTY MANAGEMENT Our strengths are: the integration of our know-how in investment-/asset-/portfolio management, institutional platforms (reporting and controlling); the necessary IT-equipment and the advantages of Management-of-Scale. The total amount of managed properties is of commercial and residential units.

31 SPECIAL SERVICES Support in the refurbishment of distressed properties Investments into management properties such as hotels, conference centers/fairs, student residential, care homes Entertainment properties (i.e. Asset-Management for Admiralspalast GmbH & Co. KG a listed building of mixed use in the prestigious Friedrichstraße in Berlin-Mitte; advisory mandate for Anschutz Entertainment Group). Public-Private-Partnership with a volume (sale-and-lease-back structures) of more than 475 m with building societies from Berlin.

32 CAPEX MANAGEMENT We have developed several platforms and applications for the preparation, the supervisory, the management and the execution primarily for refurbishment projects. This includes commercial and technical controlling of projects, budgeting and contract management. Furthermore our platforms enclose the calculation, planning and scheduling of re-/developments For each project we create a specific team that is supporting our partners, who are working on their particular platforms. For large scale developments Dupuis Asset Management has standing relationships with some of the top players in Germany (both their companies and teams), that provides for further in-depth expertise and know-how. At present we control and direct capital expenditures for refurbishemnts only with a volume of app. 30 Mio. EUR distributed in year 2007/ 2008.

33 CONTROLLING - REPORTING Software Development of our own integrated software Dupuis / eforecast, which has been designed with Microsoft Visual Basic as an add-in for Microsoft Excel. With Dupuis / eforecast we have been able to design individual and dynamic planning models, which are linked to our MS-SQL server, which is daily updated with the latest accounting data (rental income etc.). It consists of profit-and-loss accounts, balance sheets and cash flow forecasts (integrative planning). Thus, we can extract estimated data from balance sheets, profit-and-loss accounts etc. on a daily basis. Our estimated numbers from our business plans, will be monthly overwritten with the latest data and our application compares real numbers automatically with budgeted numbers. Our integrated add-ins for project-management and fund-management will be installed Q So the company statements can be created automatically (excluding the executive summary) and we will be able to provide reports adapted to our clients needs. RELion is a well-known software created for the real estate industry. It is based on Microsoft Navision NAV, an international commercial software. RELion is fully integrated into the Microsoft- portfolio; hence we have access to a wide range of innovative and efficient solutions. The fully integration of our financial, rental, loan and investment accounting with a standardized desktop ascertains ensures the most efficient use and administration of information.

34 CONTROLLING - REPORTING Hardware Our work stations are equipped with the latest computer technology. We are working with Microsoft Windows XP desktops. Our server manages the whole DUPUIS network. To protect our information, our system is creating back-up copies daily. We are fully integrated into one domain with Domizil Property Management GmbH through a complex network. This network connection ensures a high transparency so that we are able to interchange information rapidly. The whole computer system is permanently watched and supervised by internal and external system administrators.

35 CONTACT Dupuis Asset Management Frank Dupuis and Oliver Lenhardt Dupuis Asset Management Geschwister-Scholl-Str. 5 D Berlin T +49 (0) F +49 (0) f.dupuis@dupuisinvest.com