Office Skyline June 215
Office Market Overview - Global Prime Offices City Rental Clock Prime Offices - Rental Change, Q1214-Q1215 Supply Pipeline Major Markets 215-216 The Jones Lang LaSalle Property Clocks SM Based on rents for Grade A space in CBD or equivalent. US positions relate to the overall market 1Q214 1Q215 Berlin, Frankfurt Houston Dallas London Bogotá Berlin Singapore San Francisco Dallas Stockholm Hong Kong, Beijing London, Los Monterrey Angeles Tokyo, Boston Guadalajara New York Moscow Shanghai Shanghai, Houston Frankfurt Rental Value growth slowing Rental Value growth accelerating Caracas Rental Values falling Rental Values bottoming out Mumbai Milan Singapore Chicago, Dubai Washington DC Seoul Brussels, Paris, Madrid, Beijing Hong Kong, Sydney Lima Amsterdam Toronto Johannesburg San José, Santiago Johannesburg Toronto Panama City Rental Value Rental Values growth Peaking market slowing Falling market falling Buenos Aires Rental Value Rental Values Rising market growth Bottoming bottoming market accelerating out Mumbai Medellín Amsterdam Chicago Colombia Rio de Janeiro Madrid, CaribbeanSydney Sao San Juan Paulo Cali Dubai, Milan Guayaquil, Quito Paris, Montevideo Brussels, Istanbul Washington DC Sao Paulo Sao Franciso London Singapore Boston Tokyo Madrid Beijing Hong Kong Los Angeles Shanghai New York Chicago Dubai Washington DC Sydney Stockholm Frankfurt Seoul Toronto Paris Brussels Mumbai Sao Paulo Moscow + 1 + 5-1 + -5% - -5% - 5-1 -25-2 -15-1 -5 5 1 15 Tokyo Rental Values Sydney, London*, Boston Chicago, Los Angeles, New York* San Francisco, Madrid, Beijing Hong Kong, Shanghai, Dubai, Toronto, Washington DC, Stockholm, Seoul, Paris* Brussels, Frankfurt Mumbai, Singapore Sao Paulo Americas EMEA Asia Pacific % change Source: JLL, April 215. Based on rents for Grade A space in CBD or equivalent. In local currency. Shanghai Sao Paulo Dubai Mumbai Singapore Beijing Tokyo Moscow Hong Kong London Sydney Paris Boston San Francisco Brussels Toronto Frankfurt Chicago Stockholm Seoul Madrid Washington DC New York Los Angeles 5 1 15 2 25 3 35 4 45 Prime Offices - Projected Changes in Values, 215-1-2 Moscow Moscow *New York Midtown, London West End, Paris - CBD. Nominal rates in local currency. Source: JLL, April 215 Source: JLL, April 215. Covers all office sub-markets in each city. Tokyo CBD - 5 kus. Capital Values Tokyo, Madrid London*, Sydney, Boston Chicago, Los Angeles, New York* San Francisco, Seoul, Beijing Mumbai, Singapore Sao Paulo 215 216 Completions as % of existing stock
Latin-America Production Pipeline vs. Current Stock (sq.m) Average Asking Rents, MY 214 2 22% Santiago 19% Bogotá 2 Rio de Janeiro 17% Buenos Aires 7% Lima 39% Caracas 6% Panama City 19% Monterrey 24% San José 14% San Juan Medellín 18% Quito 1 Guayaquil 6% Montevideo Guadalajara 27% Current Stock: End-Year 214 Production: 215-216 Cali 15% Col. Caribbean 62% - 1.. 2.. 3.. 4.. 5.. 6.. Rentable Area (Millions of sq.m) Rio de Janeiro Caracas Montevideo Lima Buenos Aires Bogotá Santiago Monterrey Guadalajara Panama City Quito Col. Caribbean San Juan Medellín San José Guayaquil Cali Average Rent Class A Average Rent Class AB $- $1, $2, $3, $4, $5, $6, Average Asking Rents (USD/sq.m/month) Monterrey Guadalajara San José Medellín Cali Guayaquil Panama City Lima Bogotá Quito Santiago San Juan Barranquilla Buenos Aires Caracas São Paulo Montevideo Rio de Janeiro Vacancy Rates, MY 214 Production vs. Net Absorption (sq.m), Y-o-Y Panama City San Juan Rio de Janeiro Monterrey San José Guayaquil Santiago Col. Caribbean Montevideo Cali Buenos Aires Guadalajara Bogotá Lima Caracas Medellín Quito 5% 1 15% 2 25% 3 35% 4 45% Office Vacancy Rate, Class A and AB Santiago Panama City Bogotá Lima Rio de Janeiro Monterrey San José Buenos Aires Medellín Guadalajara Caracas Quito Col. Caribbean Cali Guayaquil Production Montevideo Net Absorption San Juan -5. - 5. 1. 15. 2. 25. 3. 35. 4. 45. Rentable Area (sq.m) Bogotá, Lima Monterrey Guadalajara Medellin Latin-America 1Q215 Caracas Colombia Caribbean Rental Growth Slowing Rental Growth Accelerating Rents Falling Rents Bottoming Out San Jose, Santiago San Juan Sao Paulo Santo Domingo Panama City Rio de Janeiro Buenos Aires Cali Montevideo
Avaialable Area sq.m Thousand sq.m Thousand sq.m - Class AA&A stock 5. 4.5 4. 3.5 3. 2.5 2. 1.5 1. 5 R$2 - - Class AA & A asking rent 7. 6. 5. 4. 3. 2. 1. 21 22 23 24 25 26 27 28 29 21 211 Histórico Class AAClasse AA - Anual Histórico Class A Classe A - Anual New stock forecast 465.5 thousand sq.m BERRINI E VILA OLÍMPIA ALPHAVILLE FARIA LIMA MARGINAL BARRA FUNDA PAULISTA ITAIM CENTRO MOEMA JARDINS CHUCRI ZAIDAN Forecast 215 Forecast 216 212 213 214 1T215 Q1 2T215 215 Q2 3T215 Q3 4T215 Q4 216 Thousand sqm Thousand sq.m R$18 R$16 R$14 R$12 R$1 R$8 R$6 R$4 R$2 5 4 3 2 1-1 Net absorption and vacancy evolution 12% 1 12% 11% 7% 11% 18% ALPHAVILLE BARRA FUNDA BERRINI E CHUCRI ZAIDAN 22% 24% 21% 1 1 Novo New supply Estoque Absorção Net absorption Líquida Taxa Vacancy de vacância rate (%) 7% 9% FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLÍMPIA 6% 9% 16% Forecast 18% 2 26% * * Projection 3 25% 2 15% 1 5% Total stock approximately: 13.7 million sq.m High-end stock (AA & A): 4. million sq.m 1Q 215 Vacancy Rate (AA &A): 22.5% average asking rent (AA & A): R$ 93 Average asking rent YoY variation -2.1% Source: JLL- Brazil, April 215 Demographics Population 214 11.8 million inhabitants Population density 7,5 inhab/km² Average income R$3,5 per household R$ 443 billion GDP 5 million formal jobs positions Sources: SEADE / IBGE / PMSP 65% is from services sector
Skyline is one of the main Office development regions and is situated along the Nações Unidas Avenue and Pinheiros River, from the Ary Torres bridge to João Dias bridge covered by good quality BARRA FUNDA CENTRO 2% 1% ITAIM 5. PAULISTA 45. FARIA LIMA lines. 4. Pre-Leased Area BERRINI e 11% CHUCRI ZAIDAN Occupied Area 3 35.... and has attracted Cumulative 19,45% MARGINAL many multinational headquarters from 12% 3. buildings, luxury hotels, shopping centers, restaurants, easy access to the public transportations, including train and bus several sectors as Telecom, Consumer goods, Consulting, 25. Phamaceutical and others. 2. 15. 1. - Vacant Area BARRA 5. FUNDA 2% ITAIM PAULISTA FARIA LIMA 11% MARGINAL 12% 15,7% ALPHAVILLE 17% ALPHAVILLE 17% 27,5 CENTRO 1% BERRINI AND CHUCRI ZAIDAN 3 VILA OLÍMPIA 18% VILA OLÍMPIA 18% 23,25% 4,72% The region comprises 3 of total vacant area of high end stock in -5 5-1 1-15 15-2 2-3 The high end stock in region is divided in: - 6 of Class AA - 37% of Class A 1 9 8 7 6 5 4 3 2 1 Total Area (sq.m) Total Area (sq.m) Skyline - Profile by Delivered Date 2. 18. 16. 14. 12. 1. 8. 6. 4. 2. 12% 7% 14% % Available Rate Available Forecast Pre-Leased Area Occupied Area Cumulative 34% 1 36% 11% 16% 26% Skyline - Profile by Floor Area 5. 45. 4. 35. 3. 25. 2. 15. 1. 5. 5% 2 1989 1992 1995 1996 1997 1998 1999 2 22 23 24 25 28 29 21 211 212 213 214 215 216 15,7% Pre-Leased Area Occupied Area Cumulative 27,5 23,25% 22% 1 25% 19,45% 6% 31% 7 1 4,72% 1 9 8 7 6 5 4 3 2 1 1 9 8 7 6 5 4 3 2 1 46 Buildings Total stock approximately: 851, sq.m Forecast until 216: 212, sq.m : 7 of total Buildings with 3 years or less Vacancy Rate: 32% in Skyline Buildings : 65% of total Buildings with >1,5 sq.m of floor area -5 5-1 1-15 15-2 2-3
Extension 6.7 km Total Area 6. sq.km High End 97 buildings In Skyline 46 buildings Public Trasnport - Emerald Line - Lilac Line (217) - Gold Line (217) + 25 Bus Lines Amenities 3 Shopping Centers +15 Restaurants Banks,hotels and others Main Access 1h 3min to GRU airport 3min to Congonhas airport Planned extension of Chucri Zaidan Avenue
Skyline Segmentation Buildings in Skyline - Marginal Tietê Main Absorptions (212-215) Centro Buildings in Skyline represent 72% of total high end stock in BARRA FUNDA CENTRO 72% 2% 1% the region ITAIM PAULISTA 5. 45. Class AA FARIA LIMA Pre-Leased Area 11% 89% of Class AA stock BERRINI e CHUCRI ZAIDAN 3 Cumulative Class A 3. MARGINAL 12% Class A 25. 6 4,72% 1. Others 14% Telecom 15,7% 5. Consulting; Advsory -5 5-1 1 Food & Beverage; Tobacco 1-15 6% Pharmaceutical 6% Construction; Real State 8% I.T. 8% Chemical; Petrochemical Av. João Dias Chucri Zaidan Rod. Castello Branco Marg. Sul Centro 5 Marginal Pinheiros Marg. Sul Bairro 49% of occupied area is divided in five segments 15-2 2-3 3 of 5 main segments are from tecnology sector 2 1 Gross absorption in Berrini-ChucriZaidan since 212 was 311, sq.m from diversified industries, lead by Consultancy Pharma Since 212, the buildings have doubled in size over the previous inventory and attracted global companies to occupy 1 of every 4 sq.m of the absorbed office space 28% Telecom Consumer Goods 2x Berrini Marg. Oeste Bairro 3 9% Electronics 5% Financial 5% Insurance Vila Olímpia 4 Berrini and Chucri Zaidan Segmentation 15. 23,25% Itaim 7 19,45% VILA OLÍMPIA 18% Av. Jornalista Roberto Marinho Moema 8 4 of Class A stock ALPHAVILLE 17% 27,5 2. Faria Lima Marg. Oeste Centro Marg. Norte Centro 9 Occupied Area 35. Paulista Jardins Barra Funda 1 4.AA Class N IT 12% 1 8% 7% that account at least 64% of total demand over the last 3 years.
Occupied floor Vacant floor Pre-leased Future available / under construction Retail Parking, other unusable space 4 35 3 25 2 15 5 1 5 1 T 1 2 3 4 5 6 7 Building Address Built/ Renovated Total Area Floor Area (min) Floor Area (max) Availability Rate Pre-leased space Berrini One Av. Eng. L. C. Berrini, 15 214 32,6sqm 734 sqm 2,358 sqm 26,91 sqm 81% 4,133 sqm Thera Corporate Av. Eng. L. C. Berrini 214 28,359 sqm 1,846 sqm 1,9 sqm 2,394 sqm 72% 2,227 sqm Berrini 5 Pça Prof. José Lannes, 4 2 11,79 sqm 637 sqm 637 sqm 2,585 sqm 2 Berrini 55 Av. Eng. L. C. Berrini, 55 1997 5,952 sqm 496 sqm 496 sqm 248 sqm 4% Jatobá Green Building R. Surubim, 373 21 12,22 sqm 1,525 sqm 1,525 sqm Igarassú Rua Surubim 577 29 1,337 sqm 544 sqm 544 sqm 2,584 sqm 25% 544 sqm Berrini Park Rua Surubim, 54 21 6,574 sqm 499 sqm 894 sqm 1,94 sqm 17% 1 2 6 3 7 4 5 Thousand sq.m 5. 4.5 4. 3.5 3. 2.5 2. 1.5 1. - Class AA&A stock Skyline Berrini-Chucri high-end stock: 851, sq.m. Last 12 months delivered stock: 136,3 sq.m. 5 21 22 23 24 25 26 27 28 29 21 211 212 213 214 1T215 Q1 2T215 215 Q2 3T215 Q3 4T215 Q4 216 New Stock forecast 215-216: 211,9 sq.m. Histórico Class AAClasse AA - Anual Histórico Class A Classe A - Anual New stock forecast 465.5 thousand sq.m
Occupied floor Vacant floor Pre-leased Future available / under construction Retail Parking, other unusable space 4 35 3 25 2 15 1 5 1 T 8 9 1 11 12 13 14 15 Building Address Built/ Renovated Total Area Floor Area (min) Floor Area (max) Availability Rate Pre-leased space Ronaldo Sampaio Ferreira Pça João Duran Alonso, 34 23 11,677 sqm 761 sqm 847 sqm 381 sqm Bolsa de Imóveis Av. Nações Unidas 11541 1997 14,834 sqm 844 sqm 844 sqm 1,922 sqm 1 Palace Berrini Av. Eng. L. C. Berrini, 7 1998 6,649 sqm 694 sqm 694 sqm 1,388 sqm 21% Attílio Tinelli R. Dr. G. C. Moreira, 375 2 4,98 sqm 498 sqm 498 sqm 1,992 sqm 4 Jacarandá R. Sansão A. Santos, 372 215 11,73 sqm 2,214 sqm 2,214 sqm 11,73 sqm 1 CEC João D. de Araújo Pça Gentil Falcão, 18 25 13,12 sqm 827 sqm 827 sqm 3,251 sqm 25% Cond. Nações Unidas Av. Nações Unidas, 11857 1992 7,5 sqm 47 sqm 47 sqm 47 sqm 6% Plaza Centenário Av. Nações Unidas, 12995 1995 33,331 sqm 1,48 sqm 1,48 sqm 4,568 sqm 14% 5 - Vacancy Rate (%) 26.8% of stock is available 9 8 1 11 12 13 14 15 45% 4 35% 3 25% 2 42,4% 33,1% 25,2% 21,7% 18, 18, 17,6% 18,1% 35,6% 28,2% Skyline Berrini-Chucri AA vacancy rate 35.1% Skyline Berrini-Chucri A vacancy rate 23. 15% 1 5% ALPHAVILLE 11, 7, BARRA FUNDA BERRINI E CHUCRI ZAIDAN 8,5% 8,5% 12,2% 11,9%,, 1,5% 1,5% 9,7% 9, CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLÍMPIA Average Vacancy Rate (%) Vacancy Rate (%) Adjusted Vacancy Rate (%) Average Adjusted Vacancy Rate (%) Skyline Berrini-Chucri vacancy rate YoY variation 13. percentage points Berrini-Chucri vacancy 32.4%
Occupied floor Vacant floor Pre-leased Future available / under construction Retail Parking, other unusable space 4 35 3 25 2 15 1 5 1 T 16 17 18 19 2 21 22 23 Building Address Built/ Renovated Total Area Floor Area (min) Floor Area (max) Availability Rate Pre-leased space Eco Berrini Av. Eng. L. C. Berrini, 1376 211 48,43 sqm 1,729 sqm 1,729 sqm Torre Nações Unidas Av. Nações Unidas, 12495 1989 21,814 sqm 1,133 sqm 1,676 sqm 2,66 sqm 12% World Trade Center Av. Nações Unidas, 12551 1995 24,666 sqm 1,12 sqm 1,169 sqm 3,786 sqm 15% CENU Oeste Av. Nações Unidas, 1291 1998 21,737 sqm 899 sqm 899 sqm 8,694 sqm 4 953 sqm CENU Norte Av. Nações Unidas, 1291 1999 61,817 sqm 1,383 sqm 1,79 sqm 6,568 sqm 11% Torre Sul R. James Joule, 65 24 12,47 sqm 866 sqm 1,8 sqm 3,895 sqm 31% Plaza I Nações Unidas R. James Joule, 92 24 8,916 sqm 582 sqm 582 sqm 291 sqm Tower Bridge Corporate Av. Jor. Roberto Marinho, 85 213 55,51 sqm 1,999 sqm 2,114 sqm 23,634 sqm 4 R$2 R$18 - Class AA & A asking rent Class AA asking rent R$ 19 Class A asking rent R$ 93 16 18 17 19 2 22 21 23 R$16 R$14 R$12 R$1 Asking rent average decreased.5% QoQ Asking rent average decreased 6.7% YoY R$8 R$6 R$4 R$2 ALPHAVILLE BARRA FUNDA BERRINI E CHUCRI ZAIDAN FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLÍMPIA Skyline Berrini - Chucri Zaidan asking rent R$15
Occupied floor Vacant floor Pre-leased Future available / under construction Retail Parking, other unusable space 4 35 3 25 2 15 1 5 1 T 24 25 26 27 28 29 3 Building Address Built/ Renovated Total Area Floor Area (min) Floor Area (max) Availability Rate Pre-leased space Berrini 1511 Av. Eng. L. C. Berrini, 1511 25 6,58 sqm 356 sqm 527 sqm 1,49 sqm 16% 218 sqm Alice Maria S. Ferreira Av. Eng. L. C. Berrini, 1645 23 6,912 sqm 576 sqm 576 sqm 864 sqm 1 288 sqm Acaraí Conceição M. Alegre1376 215 11,364 sqm 52 sqm 816 sqm 11,364 sqm 1 Berrini 1681 Av. Eng. L. C. Berrini, 1681 23 8,25 sqm 66 sqm 66 sqm LWM Corporate Center - A Rua George Ohm, 23 214 1,44 sqm 52 sqm 52 sqm 6,788 sqm 65% LWM Corporate Center - B Rua George Ohm, 23 214 1,44 sqm 52 sqm 52 sqm 7,44 sqm 67% 39 sqm The Bridge Tower Av. Eng. L.C. Berrini, 1747 214 7,397 sqm 446 sqm 958 sqm 7,397 sqm 1 26 1.8. 1.6. 1.4. 33, - New Stock Forecast Skyline Berrini-Chucri new stock to be delivered between 215 and 216 represents 24.5% of current stock. 24 25 28 29 27 3 1.2. 1.. 8. 6. 9, 13,2% 13,5% 12, Class AA new stock forecast 2,5 sqm 4. 2. ALPHAVILLE 4,6% BARRA FUNDA 1,4% 4,5% 1, BERRINI CHUCRI ZAIDAN CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLÍMPIA Total Stock 215 216,4% 6,7% Class A new stock forecast 11,4 sqm
Occupied floor Vacant floor Pre-leased Future available / under construction Retail Parking, other unusable space 4 35 3 25 2 15 1 5 1 T 31 32 33 34 35 36 37 38 Building Address Built/ Renovated Total Area Floor Area (min) Floor Area (max) Availability Rate Pre-leased space Sede Nestlé Av. Dr. Chucri Zaidan, 246 22 35,549 sqm 259 sqm 2,19 sqm 9,311 sqm 26% Torre Z Av. Dr. Chucri Zaidan, 25 213 38,551 sqm 1,872 sqm 2,3 sqm 15,75 sqm 39% 8,361 sqm Market Place Tower Av. Dr. Chucri Zaidan, 92 1996 14,1 sqm 934 sqm 934 sqm 4,698 sqm 34% Market Place Tower II Av. Dr. Chucri Zaidan, 94 2 13,34 sqm 855 sqm 855 sqm Rochaverá Corporate Towers A Av. Nações Unidas, 14171 28 25,224 sqm 1,642 sqm 1,976 sqm 5,94 sqm 2 Rochaverá Corporate Towers B Av. Nações Unidas, 14171 28 25,224 sqm 1,642 sqm 1,976 sqm Rochaverá Corporate Towers C Av. Nações Unidas, 14171 212 5,4 sqm 1,445 sqm 1,735 sqm 2,783 sqm 6% Rochaverá Corporate Towers D Av. Nações Unidas, 14171 21 14,648 sqm 1,6 sqm 1,6 sqm R$ R$ 2 2 R$ R$ 18 18 Class AA&A asking rents Thousand sqm 5 Net absorption and vacancy evolution 26% 3 Berrini and Chucri AA& A buildingst R$ R$ 16 16 R$ R$ 14 14 R$ R$ 12 12 R$ R$ 1 1 R$ R$ 8 8 R$ R$ 6 6 R$ R$ 4 4 R$ R$ 2 2 ALPHAVILLE BARRA BARRA FUNDA FUNDA 33 34 35 36 38 37 BERRINI BERRINI FARIA FARIA LIMA LIMA ITAIM ITAIM MARGINAL MOEMA MOEMA PAULISTA VERBO VERBO VILA VILA OLÍMPIA OLÍMPIA DIVINO DIVINO 31 3 4 3 2 1-1 12% 1 12% 11% 7% 11% 18% 22% 24% 21% 1 1 7% 9% 6% 9% 16% 18% 2 * * Projection 25% 2 15% 1 5% Last 12 months net absorptions: 32, sq.m. It represents 22.5% of net absorportion of the same period Last 12 months delivered stock: 136,3 sq.m. It represents 44.1% of delivered stock of the same period Novo New supply Estoque Absorção Net absorption Líquida Taxa Vacancy de vacância rate (%) Forecast
Occupied floor Vacant floor Pre-leased Future available / under construction Retail Parking, other unusable space 4 35 3 25 2 15 1 5 1 T 39 4 41 42 43 44 45 46 Building Address Built/ Renovated Total Area Floor Area (min) Floor Area (max) Availability Rate Pre-leased space Morumbi Corporate Golden Rua Henri Dunant, 1383 213 36,47 sqm 1,42 sqm 1,42 sqm 12,618 sqm 35% Morumbi Corporate Diamond Rua Henri Dunant, 1383 213 36,918 sqm 2,51 sqm 2,51 sqm 12,36 sqm WTorre Morumbi Av. Nações Unidas, 14261 215 9, sqm 1,522 sqm 1,733 sqm 62,473 sqm 69% 27,527 sqm EZ Towers A Av. Dr. Chucri Zaidan 214 47,2 sqm 1,631 sqm 1,869 sqm 27,694 sqm 59% 19,38 sqm EZ Towers B Av. Dr. Chucri Zaidan 216 47,2 sqm 1,631 sqm 1,869 sqm 47,2 sqm 1 Parque da Cidade 1 Av. Nações Unidas 215 32, sqm 1,3 sqm 1,3 sqm 32, sqm 1 Parque da Cidade 2 Av. Nações Unidas 216 31,5 sqm 1,6 sqm 1,6 sqm 31,5 sqm 1 Parque da Cidade 3 Av. Nações Unidas 218 4,3 sqm 1,9 sqm 1,9 sqm 4,3 sqm 1 Chucri Zaidan - a new office region under development 4 39 43 44 41 42 45 46 Governors Island Redevelopment, New York Canary Wharf, London, England Cardiff Bay, Wales Gun Wharf, Portsmouth, England Greenwich Peninsula, England Dubai Creek Rejuvenation, United Arab Emirates Shell Area Master Plan, Northern Amsterdam Huchison Whampoa, Rotterdam, Germany Maritime Square Redevelopment, Singapore Cairns Cityport, North Queensland, Melbourne Docks Australia Currently Chucri Zaidan region is included in Berrini and Marginal regions As part of a revitalization plan, the region will receive urban improvements, as Chucri Zaidan avenue 3.2 Km extension New stock AA & A office forecast 359,7 sq.m.
About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 5 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 23 corporate offices, operates in 8 countries and has a global workforce of approximately 58,. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 214. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. About JLL Brazil JLL brought its extensive international experience to Brazil in 1996, making it one of the first professional building management companies in the market. It currently has a professional staff of around 55 working out of offices in, Rio de Janeiro and Curitiba. They serve Brazilian and multinational clients under contract in all national territory. For further information, visit www.jll.com.br. Client Solutions: Rio de Janeiro Global Clients: Office Division: Transactions: Market Intelligence: José Victor Cardim +55 11 343 7183 jose.cardim@am.jll.com Marcelo Sasaki +55 11 343-6897 marcelo.sasaki@am.jll.com Roberto Patino +55 11 343-714 roberto.patino@am.jll.com Paulo Casoni +55 11 343 6935 / 21 2277 271 paulo.casoni@am.jll.com Monica Lee +55 11 343-6947 monica.lee@am.jll.com Julia Botelho Office Division Leader André Rosa Managing Director Alessandra Osiro Operations Director Ricardo Hirata Head of Research COPYRIGHT JONES LANG LASALLE IP, INC. 215. This publication is the exclusive property of JLL and may not be copied, reproduced or transmitted in any form or by any means, in whole or in part, without the prior written consent of JLL. ADDITIONAL INFORMATION: This publication is biannual and the data presented in this issue was collected between April 1st and May 31st, 215. The information contained in this publication has been obtained in the market, by the Research and Market Intelligence team of JLL Brazil, through sources deemed reliable; however, JLL does not accept responsibility for the accuracy of this information. The content is merely informative, it aims the general public and, under any circumstances, should be considered as an investment guide; as such, JLL does not accept responsibility for any decisions based on this publication. Since JLL does not exhaust all the possibilities of the market in this publication, if you need additional information and advice targeted to your needs, the JLL team is available via e-mail and telephone at: client.solutions@am.jll.com and +55 (11) 343-6999.