Real Estate Asset Management

Real Estate Asset Management

March 2013

Keyhighlights


Private and confidential 2

Local specialized teams. 27 professionals across Europe. Offices in Frankfurt, Hamburg, London, Luxembourg and Madrid

Pan-European investment platform providing investors perfect access to the main European real estate markets

Full range of real estate products, asset classes and strategies

€ 758m in Assets under Management, in funds, club deals and separate accounts

1

2

3

4

Broad base of institutional and family investors5

Value proposition for our clients



Client oriented

Global capabilities with local focus

Commitment, independence & partnership

Transparency

Taylor-made approach. Product structuring to best adapt client needs.

Ability to source off-market opportunities.“In-house” management capabilities:

letting, technical, commercial and property.17 professionals in Germany, 6 in the UK

and 3 in Luxembourg

7 partners with extensive real estate experience and interests totally aligned

with the business to ensure independence and high quality client services

The N+1 Group and its subsidiaries are supervised by the main regulators

Clear, transparent and comprehensive relation and reporting with investors

Our offering


Private and confidential4

Full range of strategies

CoreCore +

Value Added

Opportunistic

Moderate risk/moderate return strategy

Investment in core properties (premium locations), some of which will require some form of enhancement or value-added element

Medium-to-high risk/medium-to-high return strategy

The higher risk is borne from assets that often require some refurbishment, active asset management and in some cases development

High risk/high return strategy

The properties will require a high degree of enhancement

Main European real estate markets

Germany

UK

Spain

Product offering

Funds

Separate accounts

Club deals

Product / Strategy / Market Matrix

Our offering


Private and confidential5

Operational Real Estate

Management

LettingManagement

Commercial Management

Asset Management

Services

An Integrated Pan-European Platform providing full Investment and Management Services and covering the full Real Estate Investment Cycle

Design tailor-made investment strategies suitable for each investor

Proprietary deal-flow generation

Financing structuring

Design and implementation of value creation strategies

Review and optimization of the property quality and use

Strategic positioning of assets and rent management

Risk monitoring (industry and tenant mix)

Clear, comprehensive and transparent Investor Reporting

Planning, coordination and implementation of letting activities

Lease negotiations and executions Planning, organization and implementation of

space deliveries and redemptions Tenant care

Optimizing conditions Reporting to banks Cash planning and monitoring Insurance management Cost controlling

Property Management

Owner’s representative towards tenants, authorities, suppliers

Contract management Rent collection and monitoring (arrears) Accounting

Technical Management

CapEx monitoring Tenant improvements Development of appropiate maintenance

concepts for building services Active cost management Quality management and technical property

inspections

Strong track record



INVESTMENT TRACK RECORD AUM BY INVESTMENT STRATEGY

AUM BY COUNTRY

€758m AuM in real estate assets

24

€535m

investments done in the last 4 years

AuM Germany

1 As of 30.09.2012

17 Real estate assets managed in Germany

€223m AuM UK

8 Real estate assets managed in Central London Germany70,5%

UK29,5%

Value Added17,3%

Opportunistic11,5%

Core / Core Plus

71,2%

Experienced local teams sourcing and executing investment opportunities



€223Mn of Assets under Management

Team: 7 professionals

TRACK RECORD

– Investments in 8 properties since June 2010

–1 divestment in progress

United Kingdom

United KingdomLevel 5

120 MoorgateLondon EC2

GermanySchaumainkai 69

D-60596 Frankfurt am Main

Luxembourg13, Rue Aldringen

L-1118 Luxemburg

SpainPadilla 17

28006 Madrid

Germany €535Mn of Assets under Management

Team: 20 professionals

TRACK RECORD

– €550Mn invested in 18 properties

– 1 divestment (achieved IRR: 18%)

– 2 additional divestments in progress

London

FrankfurtLuxembourg

Madrid

Hamburg

GermanyAlstertor 17

D-20095 Hamburg

Experienced and integrated team



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Linus ForsbergPartnerLinus has previously worked for CBRE Investors as a Director and Principal, responsible for transacting and asset managing £300m of assets.

Sam ResoulySam 10 years of experience in the UK real estate industry, including fund management and investment agency in companies as CBRE Investors and Jones Lang LaSalle.

Edmund CostelloPartnerEdmund was Head of UK Property at Bank of Ireland Private Banking, where he transacted more than £1.0 billion worth of property

Geoff Roberts24 years of relevant experience, the majority of which gained with Warner Estate Holdings Plc, a Real Estate Investor and Asset Manager of all types of commercial property.

Alexander Rosinskiis responsible for Lettings. Previously we worked for Colliers

Simone Steineris responsible for Property Management. She is Engineer and Arquitect

Philipp Hübschmannis responsible for accounting within the Property Management department. He previously worked at Rödl & Partner.

Christoph Mösbaueris responsible for Technical Asset Management. He is a technical engineer and was previously responsible for Asset Management at R+V Insurance Company and Deutsche Bank.

Ralf Steinmetzis a Managing Director in Luxembourg. He is responsible for Operations and Reporting. He previously worked for more than 16 years in several real estate companies in Luxembourg as KPMG and FREO.

Other StaffDusica Ilic

Martina Trinks

Simone Steiner

Ron Tesler

Arne Genauer

Silke Spallek

Roman KlasenPartneris responsible for the areas of Financing and Structuring. He was previously with Credit Suisse Real Estate Finance in London.

Matthias SchreierPartneris responsible for Portfolio Control and Valuations. He previously founded and co-headed the Real Estate Consulting Department at Credit Suisse.

Wolfgang SchreierPartneris responsible for Market Analysis, as well as Acquisitions and Sales. He previously founded and co-headed the Real Estate Consulting Department at Credit Suisse.

Fund

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Luis Iglesias

PartnerLuis is the N+1 partner in charge of the Real Estate Asset Management division. In addition he is a Managing Director in Luxembourg. He is responsible for investments and Asset Management.

Fund

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Disclaimer


9

“The content of this Presentation is of a strictly confidential nature. The content of the Presentation, with regard to the current situation, opinions and expectations of N+1 and of the business it carries out, is based on information considered correct and on its own estimates. N+1 has not performed nor obtained from an expert an independent verification of the accuracy and completeness of the information that has been used as basis for drawing up the Presentation, nor a confirmation of the reasonableness of the hypotheses used for it.

Neither N+1 or any of its group companies, or their respective shareholders, directors and employees, guarantee the completeness or accuracy of the contents of the Presentation, which should not be construed as reflecting in full the past, present and future of N+1 or its businesses. Past profitability do not guarantee future profitability.

Consequently, neither N+1, nor the other companies in its group, nor their shareholders, directors and employees accept any liability whatsoever for any damages that may arise directly or indirectly from decisions adopted on the basis of the Presentation or from the use that its recipient may make of it.

The receipt of this document by its recipient implies full acceptance of the contents of this disclaimer notice.”

Real Estate Asset Management

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