DEUTSCHLANDS WICHTIGSTE IMMOBILIENVERANSTALTUNG GERMANY S PREMIER REAL ESTATE EVENT

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1 10. jährliche The 10th Annual DEUTSCHE FRANKFURT 7-8 MAY The Westin Grand Frankfurt Wie nachhaltig ist der deutsche Immobilienmarkt? How sustainable is German real estate? DEUTSCHLANDS WICHTIGSTE IMMOBILIENVERANSTALTUNG GERMANY S PREMIER REAL ESTATE EVENT

2 PROGRAM HIGHLIGHTS BIG PICTURE Private Equity Finding opportunistic returns in Germany or better off elsewhere? Zinsdilemma Sind 4% Rendite rational und welche Alternativen fuer Core Investoren? German Real Estate Sustainable boom, is it going to last? INVESTMENT & DEVELOPMENT Core Core+ Value Add Opportunistic Which offers adequate return? Office Investments Creating value with secondary assets in absence of finding value? Handelsimmobilien Was ist der beste Mietermix der Zukunft? Redeveloping Assets What concepts are boosting alpha in prime locations? FINANCING & CAPITAL MARKETS CMBS, Pfandbrief, Schuldschein, Unternehmensanleihe Welcher Finanzierungsmix ist optimal fuer Immobilienunternehmen? Financing Landscape Ways of getting more liquidity in the market? Aktuelle Anforderungen bei Finanzierungen Gerechtfertigt oder unnötiges Handicap für Projektentwickler? SECTORS Logistics Are warehouses replacing shopping centres in times of e-retail? Alternative Assetklasse Seniorenresidenzen Welche Risiken gehen Investoren ein? Hotel Deals Which contract structure works best for investors & operators? HOT ISSUES Insolvenz Endstation oder Neuanfang? Insourcing/Outsourcing Property Management What does add up? Auswahl des Asset Managers wichtiger als Auswahl des Assets Wunschdenken oder Wahrheit? and many more... JAN BETTINK Chairman of the Board of Management BERLIN HYP PIOTR BIENKOWSKI BNP PARIBAS REAL ESTATE INGO BOFINGER Head of Real Estate GOTHAER ASSET MANAGEMENT MARTIN BOWEN Associate VP Development Continental Europe INTERCONTINENTAL HOTELS DOMINIK BRAMBRING PRAMERICA REAL ESTATE INVESTORS ANNE BRAUN Executive Director DUNDEE INTERNATIONAL

3 WELCOME WILLKOMMEN Spannende Zeiten. Billiges Geld, stabile Wirtschaft und viel internationales Anlagekapital haben den deutschen Immobilienmarkt in bereits luftige Höhen getrieben. Neue Investorenkreise, Kreditfonds und Banken mit mehr Spielraum - das Interesse ist weiterhin ungebrochen. Resultat: Preise in Core Lagen steigen. Ist der Zeitpunkt gekommen, gewisse Risiken als die wahren Chancen zu sehen? Seien Sie dabei, wenn wichtige Entscheider im deutschen Immobilienmarkt ihre Gedanken diskutieren. Knüpfen Sie Kontakte, vertiefen Sie Beziehungen und bringen Sie sich ein wenn es darum geht, aus Herausforderungen Chancen werden zu lassen. Wir freuen uns darauf, Sie bei der Deutsche GRI 2014 zu begrüssen. Exciting times. Rock-bottom interest rates, a resilient economy and global capital in search of return have boosted real estate activity to new heights. New groups of real estate investors, investors turning lenders - everyone wants a slice of the action. However the weight of money is driving core asset prices to ever loftier heights. Are investors re-discovering risk as opportunity? Find out what major market players in German commercial and residential real estate really think. Connect with peers, build relations, find partners and navigate the maze of challenges and opportunities in the German real estate market. I look forward to seeing you at the Deutsche GRI. Find out why the GRI is unique VENUE: THE WESTIN GRAND FRANKFURT Konrad Adenauer Strasse Frankfurt Germany Ronny Gotthardt GRI Global Real Estate Institute Henri Alster Chairman GRI Global Real Estate Institute HERMANN DAMBACH OAKTREE ROLAND FUCHS Head of European Real Estate Finance ALLIANZ REAL ESTATE CHRISTIAN GIRAUD Head of Development ACCOR HOSPITALITY GERMANY SEBASTIAN GREINACHER SIGNA THOMAS KARMANN SVP Regional Director Northern Europe PROLOGIS JOHANNES KÖTH Head of Asset Management SES SPAR EUROPEAN SHOPPING CENTERS

4 OVERVIEW LPS AT RECENT GRIs WHO ATTENDS THE DEUTSCHE GRI? ABU DHABI INVESTMENT AUTHORITY (ADIA) ALCATEL LUCENT PENSION TRUST BAYERISCHE VERSORGUNGSKAMMER CAISSE DE DEPOT QUEBEC CALPERS CHURCH COMMISSIONERS (UK) COLUMBIA UNIVERSITY INVESTMENT MANAGEMENT CPPIB CROWN ESTATE (UK) DETROIT GENERAL RETIREMENT SYSTEM DOW CORPORATION PENSION E.ON PENSION MANAGEMENT EUROPEAN PARLIAMENT PENSION FUND FINLAND STATE PENSION FUND FLEMING FAMILY & PARTNERS GE PENSION TRUST GENERALI IMMOBILIER GOTHAER ASSET MANAGEMENT GIC (SINGAPORE) HARVARD MANAGEMENT COMPANY HERMES INVESTMENT MANAGEMENT ILLMARINEN MUTUAL PENSION INSURANCE INTEGRALE (BELGIUM) JOEP PENSION FUND (DENMARK) KBC PENSION FUND LEWIS TRUST GROUP MEAG MUNICH ERGO MICHIGAN RETIREMENT SYSTEM NATIONAL PENSIONS RESERVE FUND - IRELAND NEW YORK STATE COMMON RETIREMENT FUND NJ STATE TREASURY NORDEA LIFE & PENSION OMAN INVESTMENT FUND ONTARIO MUNICIPAL EMPLOYEE RETIREMENT SYSTEM OREGON PUBLIC EMPLOYEES RETIREMENT FUND PHILIPS PENSION FUNDS PREVI PRUDENTIAL INSURANCE PSP INVESTMENTS (CANADA) QATAR INVESTMENT AUTHORITY TEXAS TEACHERS RETIREMENT SYSTEM TIAA-CREF US STEEL PENSION FUNDS WASHINGTON STATE EMPLOYEE RETIREMENT SYSTEM WELLCOME TRUST and others... SENIORITY CHAIRMAN CXO 41% REAL ESTATE HEAD 17% MANAGING DIRECTOR 21% DIRECTOR 14% OTHER 7% BASED ON PAST 3 YEARS ATTENDANCE DR. ANDREAS MUSCHTER COMMERZ REAL SASCHA NÖSKE Chief Executive Officer STRATEGIS RAINER PILLMAYER Member of the Board, COO DIC JOHN QUINN Director of Germany VALUE RETAIL DANIEL RIEDL BUWOG GRUPPE IRIS SCHÖBERL F&C REIT ASSET MANAGEMENT

5 KEYNOTE TIMETABLE KEYNOTE 7 MAY WEDNESDAY MITTWOCH 12H00 Check In 14H00-17H15 Deutsche GRI Program 17H15-18H15 Cocktail Reception EUROPA Vertrauenskrise gelöst, Schuldenkrise vertagt? 19H00 onwards Private Board Dinner ~ Invitation Only (reserved for GRI Members,Sponsors and Deutsche GRI Discussion (co-)chairs) 8 MAY THURSDAY DONNERSTAG 08H00 Check In 09H00-16H00 Keynote & Deutsche GRI Program 13H15-14H15 Lunch 16H00-17H00 Farewell Drinks STEFAN BIELMEIER Chefvolkswirt DZ BANK Germany THORSTEN SCHÖNENBERGER Global Head of Real Estate LBBW DR. CHRISTOPH SCHUMACHER UNION INVESTMENT INSTITUTIONAL PROPERTY KLAUS-JÜRGEN SONTOWSKI Chairman SONTOWSKI & PARTNER VICTOR STOLTENBURG Head of Acquisitions and Sales - Germany DEKA IMMOBILIEN MICHEL VAUCLAIR Senior Vice President OXFORD PROPERTIES THOMAS WIEGAND CERBERUS

6 DISKUSSIONSRUNDEN DISCUSSIONS For program updates please visit website Gruppengespräche laufen parallel ab,mehrere zur gleichen Zeit in seperaten Räumen Group discussions run concurrently, several going on at the same time in separate rooms. Private Equity Finding opportunistic returns in Germany or better off elsewhere? TIM BREITENSTEIN MORGAN STANLEY Germany GEORG FRHR. V. HAMMERSTEIN Chairman German Investment PATRON CAPITAL UK MICHAEL A. GERLICH Managing Partner FIDIUCIARY CAPITAL Germany SAUL GOLDSTEIN Founder ACTIVUM UK KEAN HIRD Partner CATALYST CAPITAL UK MATTHIAS NEULING Vice President MEYER BERGMAN UK ALI OTMAR, Investments TRISTAN CAPITAL PARTNERS UK STEFAN WALLDORF Senior Vice President CERBERUS Germany MARKUS WEHNELT Head of Real Estate Finance Germany, Institutional & Private Equity Clients PBB DEUTSCHE PFANDBRIEFBANK Germany MANFRED WIESNER PERELLA WEINBERG REAL ESTATE UK Tim Breitenstein Georg Frhr. v. Hammerstein Michael A. Gerlich Saul Goldstein Kean Hird Matthias Neuling Ali Otmar Stefan Walldorf Markus Wehnelt Manfred Wiesner German Real Estate Sustainable boom, is it going to last? BIG PICTURE PATRICK REICH Managing Partner CALEUS CAPITAL INVESTORS Germany ASSEM EL ALAMI Head of Re Finance BERLIN HYP Germany JOCELYN LAUDET Head of Investor Relations AMUNDI REAL ESTATE France RAINER PILLMAYER Member of the Board, COO DIC ASSET Germany MICHAEL RAMM, Co-Head Acquisitions, Global Real Assets JP MORGAN ASSET MANAGEMENT Germany PETER SCHREPPEL CBRE Germany FRANK TEUPE Executive Director, Head of Investment Acquisition REAL I.S. Germany RICHARD WARTENBERG ACTIVUM Germany JÖRG WIDHALM Head of Central Commercial Customers BERLINER VOLKSBANK Germany Patrick Reich Assem El Alami Jocelyn Laudet Rainer Pillmayer Michael Ramm Peter Schreppel Frank Teupe Richard Wartenberg Jörg Widhalm Alle Materialien in dieser Broschüre können sich ohne vorherige Ankündigung ändern.

7 DISCUSSIONS DISKUSSIONSRUNDEN Redeveloping Assets What concepts are boosting alpha in prime locations? MARTIN EBERHARDT Sprecher der Geschäftsführung BOUWFONDS REIM Germany PHILIPP BRASCHEL Principal BENSON ELLIOT UK HOLGER HAGGE OVG BISCHOFF Germany JÖRG-OLIVER NELLEN Head of Assetmanagement/Letting AIK IMMOBILIEN-KAPITALANLAGEGESELLSCHAFT Germany DANIEL SCHULENBURG Managing Partner JARGONNANT PARTNERS Germany BRIGITTE VAN DER JAGT-BUITINK CHARTERHAUS REAL ESTATE Germany Martin Eberhardt Philipp Braschel Holger Hagge Daniel Schulenburg Brigitte van der Jagt-Buitink Investieren in Core oder was sind die bankgeeigneten Alternativen im aktuellen Marktumfeld GERHARD MEITINGER MD, Head of Real Estate Finance Germany PBB DEUTSCHE PFANDBRIEFBANK Germany GERO BERGMANN Member of the Board of Management BERLIN HYP Germany HERMANN DAMBACH OAKTREE Germany GERALD KLINCK CFO GAGFAH Germany KLAUS-JÜRGEN SONTOWSKI Chairman SONTOWSKI & PARTNER Germany RAINER THALER INVESTA Germany THOMAS WIEGAND CERBERUS Germany Gerhard Meitinger Gero Bergmann Hermann Dambach Gerald Klinck Klaus-Jürgen Sontowski Rainer Thaler Thomas Wiegand BIG PICTURE All material throughout this brochure is subject to change without notice.

8 DISKUSSIONSRUNDEN DISCUSSIONS Core Core+ Value Add Opportunistic Which offers adequate return? PIOTR BIENKOWSKI BNP PARIBAS REAL ESTATE Germany BERND HAGGENMÜLLER SHAFTESBURY ASSET MANAGEMENT Germany TIM HENNES Head of Asset Management Germany and Central Europe AEW EUROPE Germany ROLF MENSING CLS GERMANY Germany NICOLAS SIMON AMUNDI REAL ESTATE France JOHANNES VON MUTIUS COO DIC ASSET Germany BERTHOLD VON THERMANN MD EMEA Investment & Underwriting ARCHON GROUP Germany JOACHIM WIELAND AURELIS REAL ESTATE Germany Piotr Bienkowski Bernd Haggenmüller Rolf Mensing Nicolas Simon Johannes von Mutius Berthold von Thermann Joachim Wieland Bankers, Investors, Developers Nothing safer than the Change? MICHAEL ALBERTS Partner HEUKING Germany YUSUF AY Branch Manager FAIRHOMES GERMAN PROPERTY INFO Germany FRANK LAMBY REFTA Germany ANDREAS SCHILLHOFER Mitglied der Geschäftsleitung Deutschland MEDIOBANCA Germany CHARLES WHITTLE MCCAFFERTY ASSET MANAGEMENT UK Michael Alberts Frank Lamby Andreas Schillhofer Charles Whittle Zinsdilemma Sind 4% Rendite rational und welche Alternativen fuer Core Investoren? INVESTMENT CHRISTOPH SCHUMACHER UNION INVESTMENT INSTITUTIONAL PROPERTY Germany DOMINIK BRAMBRING PRAMERICA REAL ESTATE INVESTORS Germany HAUKE BREDE Chief Risk officer ALLIANZ REAL ESTATE Germany JENS CREMER Vice President STARWOOD UK DAVID IRONSIDE International Director, Head of Acquisition Continental Europe LASALLE INVESTMENT MANAGEMENT Germany ANDREAS MUSCHTER COMMERZ REAL Germany BORIS SCHRAN Founding Partner PEAKSIDE CAPITAL ADVISORS Switzerland Christoph Schumacher Dominik Brambring Hauke Brede David Ironside Andreas Muschter Boris Schran Alle Materialien in dieser Broschüre können sich ohne vorherige Ankündigung ändern.

9 DISCUSSIONS DISKUSSIONSRUNDEN Langfristig nachhaltige Erträge Interessante Immobilieninvestitionen jenseits Core+? HANS PETER HÄHNLEIN INOVALIS ASSET MANAGEMENT Germany ANNE BRAUN Executive Director DUNDEE INTERNATIONAL Germany DIRK HASSELBRING HAMBURG TRUST Germany MICHAEL JUNG Managing Partner CONTINUUM CAPITAL Germany DR. CHRISTIAN SCHEDE Managing Partner, Germany OLSWANG Germany IRIS SCHÖBERL F&C REIT ASSET MANAGEMENT Germany MICHAEL SIEFERT MD & Head Europe MADISON INTERNATIONAL REALTY Germany ACHIM TILLMANN FINCH PROPERTIES Germany Office Investments Creating value with secondary assets in absence of finding value? DOUGLAS EDWARDS CORPUS SIREO Luxembourg SEBASTIAN-DOMINIK JAIS Principal APOLLO GLOBAL MANAGEMENT Germany NICLAS KAROFF TLG IMMOBILIEN Germany Residential Transactions At its height or more dynamic growth? INGO KRONENBERG DREI Germany SÉBASTIAN CAVÉ GRAINGER DEUTSCHLAND Germany MARK ENNIS Acquisition Director DEUTSCHE ANNINGTON Germany DANIEL FREY CFO IMMEO WOHNEN Germany ROSS MACDIARMID DP GLOBAL PROPERTIES Germany DANIEL WERTH Director Strategy Development & International Asset Management Clients HIH Germany ULRICH GRAEBNER LEONARDO & CO. Germany DANIEL RIEDL BUWOG GRUPPE Austria VIVIAN STROSEK FEONDOR ASSET MANAGEMENT Switzerland MICHEL VAUCLAIR Senior Vice President OXFORD PROPERTIES UK Hans Peter Hähnlein Anne Braun Dirk Hasselbring Michael Jung Dr. Christian Schede Iris Schöberl Michael Siefert Achim Tillmann Douglas Edwards Sebastian-Dominik Jais Niclas Karoff Ross MacDiarmid Daniel Werth Ingo Kronenberg Sébastian Cavé Mark Ennis Daniel Frey Ulrich Graebner Daniel Riedl Vivian Strosek Michel Vauclair INVESTMENT SECTORS All material throughout this brochure is subject to change without notice.

10 DISKUSSIONSRUNDEN DISCUSSIONS Logistics Are warehouses replacing shopping centres in times of e-retail? CHRISTOPHER GARBE GARBE LOGISTIC Germany STEPHANIE HABACKER-ARNDT Member of the Board HABACKER HOLDING Germany THOMAS KARMANN Senior Vice President Regional Director Northern Europe PROLOGIS Germany MALTE-MARIA MÜNCHOW Head of Acquisitions and Sales - Retail, Hotel, Logistics DEKA IMMOBILIEN Germany PAUL RODGER Director HANSTEEN UK INGO STEVES GAZELEY Germany Christopher Garbe Stephanie Habacker-Arndt Thomas Karmann Malte-Maria Münchow Ingo Steves Berlin Residential Skyrocket? Freefall? Return to business? SASCHA NÖSKE Chief Executive officer STRATEGIS Germany STEPHAN ALLNER DIE WOHNKOMPANIE Germany DR. MARTIN HELLWEGER KRONBERG INTERNATIONAL Germany FABIAN KLINGLER ABERDEEN ASSET MANAGEMENT Germany DR. JÜRGEN LEIBFRIED Managing Partner BAUWERT Germany MARK MÜNZING Board Member ZBI Germany GOESTA RITSCHEWALD Managing Partner DEUTSCHE INVESTMENT Germany CHRISTIAN ROKOSCH Head of Sales & Acquisitions GAGFAH GROUP Germany Sascha Nöske Stephan Allner Dr. Martin Hellweger Fabian Klingler Dr. Jürgen Leibfried Mark Münzing SECTORS Goesta Ritschewald Christian Rokosch Alle Materialien in dieser Broschüre können sich ohne vorherige Ankündigung ändern.

11 DISCUSSIONS DISKUSSIONSRUNDEN German Light Industrial The hidden champion? ANDREAS HARDT Germany VALAD EUROPE Germany INGO-HANS HOLZ BEOS Germany IAN WATSON Joint HANSTEEN UK Andreas Hardt Ingo-Hans Holz Ian Watson Handelsimmobilien Was ist der beste Mietermix der Zukunft? LUDWIG VOGEL CEV HANDELSIMMOBILIEN Germany SEBASTIAN GREINACHER SIGNA Germany DANIEL HERRMANN Head of Portfolio Management Berlin PATRIZIA Germany BJÖRN ISENHÖFER Managing Partner CONCEPTA PROJEKTENTWICKLUNG Germany SUSANNE KLAUSSNER Deputy GRR Germany JOHANNES KÖTH Head of Asset Management SES SPAR EUROPEAN SHOPPING CENTRES Austria HENRIE W. KÖTTER - Center Management ECE PROJEKTMANAGEMENT Germany JOHN T QUINN Director of Germany VALUE RETAIL Germany STUART REID Partner ROCKSPRING PROPERTY ASSET MANAGEMENT Germany KARL REINITZHUBER Co- & CFO MFI MANAGEMENT FÜR IMMOBILIEN Germany MATTHIAS SCHMITZ Managing Partner ACREST PROPERTY GROUP Germany CHRISTIAN SCHRÖDER MEC METRO Germany Ludwig Vogel Sebastian Greinacher Björn Isenhöfer Susanne Klaussner Johannes Köth Henrie W. Kötter John T Quinn Stuart Reid Karl Reinitzhuber Matthias Schmitz Christian Schröder SECTORS All material throughout this brochure is subject to change without notice.

12 DISKUSSIONSRUNDEN DISCUSSIONS Hotel Deals Which contract structure works best for investors & operators? MARTIN BOWEN Associate VP Development Continental Europe INTERCONTINENTAL HOTELS Germany CHRISTIAN GIRAUD Head of Development ACCOR HOSPITALITY GERMANY Germany ULRICH GLAHN Development Director MOTEL ONE GROUP Germany ANDREW HUNTER Director Europe ADINA APARTMENT HOTELS UK SVEN RENZ Managing Partner BAYERN PROJEKT Germany Martin Bowen Christian Giraud Ulrich Glahn Andrew Hunter Sven Renz Alternative Assetklasse Seniorenresidenzen Welche Risiken gehen Investoren ein? STEFAN KLINGSÖHR Geschäftsführer KLINGSÖHR PROJEKTENTWICKLUNG Germany DIRK HASSELBRING HAMBURG TRUST Germany JAN-HENDRIK JESSEN Senior Fund Manager PATRIZIA Germany MARC-PHILIPP MARTINS-KÜNZEL Fund Manager CORPUS SIREO Luxembourg Stefan Klingsöhr Dirk Hasselbring Jan-Hendrik Jessen Marc-Philipp Martins-Künzel Student housing in Germany Is it an asset class and investment target for institutional investors? SECTORS HORST LIEDER IC INTERNATIONAL CAMPUS Germany THOMAS LANDSCHREIBER Chief Operating officer CORESTATE Switzerland JAMES METCALF Founder CROSSLANE UK Horst Lieder Thomas Landschreiber James Metcalf Alle Materialien in dieser Broschüre können sich ohne vorherige Ankündigung ändern.

13 DISCUSSIONS DISKUSSIONSRUNDEN CMBS, Covered Bonds, Unsecured Bonds Which financing mix is optimal for property companies? MAYA MITEVA Head of Corporate Finance GAGFAH Germany RAIMUND FRÜHMORGEN Head of Re Large Clients/MD UNICREDIT BANK Germany GEORG GRIESEMANN CFO TAG IMMOBILIEN Germany GUILLAUME GRUCHET Director Real Estate Structured Finance BANK OF AMERICA MERRILL LYNCH Germany JÜRGEN HELM Head of Structured Real Estate Finance Germany SEB Germany ANIL JHANGIANI Director, EMEA Industrials FITCH RATINGS Germany GUSTAV KIRSCHNER Director BAYERNLB Germany MICHAEL PIONTEK CFO POLIS Germany LARS SCHNIDRIG and Head of Finance and Treasury DEUTSCHE ANNINGTON IMMOBILIEN SE Germany Maya Miteva Raimund Frühmorgen Georg Griesemann Jürgen Helm Anil Jhangiani Gustav Kirschner Michael Piontek Lars Schnidrig Aktuelle Anforderungen bei Finanzierungen Gerechtfertigt oder unnötiges Handicap für Projektentwickler? HANS HAMMER Chairman & HAMMER Germany ANDREAS BAHNERS Leiter Gb Immobilien- Und Institutionelle Kunden STADTSPARKASSE DÜSSELDORF Germany ANDREAS GLADISCH MOMENI GRUPPE Germany VOLKER LOEWER Member of the Board PB FIRMENKUNDEN Germany PETER MILLER Leiter Re Finance Germany Region Mitte PBB DEUTSCHE PFANDBRIEFBANK Germany MARKUS SCHÜRMANN Deputy CFO MFI MANAGEMENT FÜR IMMOBILIEN Germany REINHARD WILHELM, Re Structured Finance UNICREDIT BANK Germany Hans Hammer Andreas Bahners Andreas Gladisch Volker Loewer Peter Miller Markus Schürmann Reinhard Wilhelm FINANCING All material throughout this brochure is subject to change without notice.

14 DISKUSSIONSRUNDEN DISCUSSIONS Financing Landscape Ways of getting more liquidity in the Market? MARKUS BERAN Head of Real Estate Finance International BERLIN HYP Germany AXEL BRINKMANN Director LASALLE INVESTMENT MANAGEMENT UK CIARÁN BURNS Director ARDSTONE Ireland ROLAND FUCHS Head of European Real Estate Finance ALLIANZ REAL ESTATE France JAKUB HEJL Associate WESTBROOK PARTNERS UK NORBERT KELLNER Head Dept Capital Markets - Real Estate HELABA UK THOMAS KÖNTGEN Germany THORSTEN SCHÖNENBERGER Global Head of Real Estate LBBW Germany ANDREAS A WUERMELING Head of Loan Markets Real Estate & Public Finance PBB DEUTSCHE PFANDBRIEFBANK Germany Markus Beran Axel Brinkmann Ciarán Burns Roland Fuchs Jakub Hejl Norbert Kellner Thomas Köntgen Thorsten Schönenberger Andreas A Wuermeling Immobilienfinanzierung Kreative Alternativen oder Dominanz des Bewährten? MICHAEL ZIEGLER Head of Finance-Attorney BEITEN BURKHARDT Germany JAN PETER ANNECKE Director, Head of Commercial Real Estate Finance MÜNCHENER HYPOTHEKENBANK Germany SIEGFRIED ESCHEN Head of Central Region Germany/Int. Clients HYPOTHEKENBANK FRANKFURT Germany STEFFEN GÜNTHER Head of Cre Finance International and Institutional Investors/ Syndication DG HYP Germany BERND MAYER BAYERNLB Germany FRITZ MULLER Head of Real Estate Finance Germany North-West HELABA Germany SVEN SCHUESSLER, Re Structured Finance UNICREDIT BANK Germany AREN WEGNER Head of Real Estate Lending Europe DEKABANK Germany PETER WENDLINGER Head of Real Estate Finance HYPO NOE GRUPPE BANK Austria Michael Ziegler Jan Peter Annecke Siegfried Eschen Steffen Günther Bernd Mayer Fritz Muller FINANCING Aren Wegner Peter Wendlinger Alle Materialien in dieser Broschüre können sich ohne vorherige Ankündigung ändern.

15 DISCUSSIONS DISKUSSIONSRUNDEN Immobilienfinanzierung im aktuellen Umfeld Wie weit der Weg zur Normalisierung? MARIA-TERESA DREO Head of Real Estate, Germany UNICREDIT BANK Germany MAX BOESER Executive Director, European Co-Head Finance MORGAN STANLEY REAL ESTATE Germany WILFRIED JASTREMBSKI Head of Corporate Real Estate Customers HAMBURGER SPARKASSE Germany BARKHA MEHMEDAGIC Director / Head of Debt Finance COMMERZ REAL Germany ALEXANDER SAUR General Manager NATIXIS Germany OLIVER SILL Director BAYERNLB Germany SEBASTIAN VETTER Director - Origination, Real Estate Finance, International Clients Germany PBB DEUTSCHE PFANDBRIEFBANK Germany Maria-Teresa Dreo Alexander Saur Wilfried Jastrembski Oliver Sill Barkha Mehmedagic Sebastian Vetter Mezzanine Finanzierung Innovative Konzepte für Projektentwickler? MATTHIAS HUBERT SONTOWSKI & PARTNER Germany MICHAEL BERGER Head of Re Finance Germany, Executive MD HELABA Germany MARKUS KOCH & CFO AURELIS REAL ESTATE Germany DR. MARKUS WIEDENMANN Managing Partner ART INVEST REAL ESTATE FUNDS Germany Matthias Hubert Michael Berger Markus Koch Dr. Markus Wiedenmann Kreditfonds und Banken Konkurrenz, Koexistenz, Symbiose? PATRICK ZÜCHNER CIO CAERUS DEBT INVESTMENTS Germany HUBERTUS BAUMER Co-Head Institutional Property Solutions UNION INVESTMENT INSTITUTIONAL PROPERTY Germany JAN BETTINK Chairman of the Board of Management BERLIN HYP Germany INGO BOFINGER Head of Real Estate GOTHAER ASSET MANAGEMENT Germany HERIBERT EISENBURGER WESTDEUTSCHE IMMOBILIENBANK Germany BENEDIKT KIESL Central Region + Multinational Clients HYPOTHEKENBANK FRANKFURT Germany DIETER KOCH & Head of REIB DEUTSCHE HYPOTHEKENBANK UK CHRISTIAN NIGGL Head of Real Estate Structured Finance UNICREDIT BANK Germany JOERG OESTREICH VP, Commercial Real Estate Germany DEUTSCHE BANK UK Patrick Züchner Hubertus Baumer Jan Bettink Ingo Bofinger Heribert Eisenburger Benedikt Kiesl Dieter Koch Christian Niggl Joerg Oestreich FINANCING All material throughout this brochure is subject to change without notice.

16 DISKUSSIONSRUNDEN DISCUSSIONS Asset Manager & Portfolio Workout Hero or Villain? TIM BRÜCKNER Executive Director Csam Commercial CORPUS SIREO Germany KLAUS KRÄGEL ARCHON GROUP Germany MARCUS POLLMANN Head of Real Estate & Global Restructuring Group ROYAL BANK OF SCOTLAND Germany MATTHIAS SCHLUETER COO HATFIELD PHILIPS UK MICHAEL SCHWÖBEL Director DUNDEE INTERNATIONAL Germany VINCENT SCREENE ESTAMA UK GERITT M. SPERLING WVB CENTURIA Germany Klaus Krägel Michael Schwöbel Marcus Pollmann Vincent Screene Matthias Schlueter Geritt M. Sperling Insolvenz Endstation oder Neuanfang? CLAUDIA HARD Partner OLSWANG Germany MICHAEL AMANN POLARES REAL ESTATE ASSET MANAGEMENT Germany ANDREAS BECKMANN ACTIVUM SG Germany ANNETTE BENNER Deputy General Counsel Europe HATFIELD PHILIPS Germany JENS CHRISTOPHERS Vorstand TASKFORCE AG Germany CHRISTIAN KÖHLER-MA Insolvency Lawyer OLSWANG RESTRUCTURING SOLUTIONS Germany Claudia Hard Michael Amann Andreas Beckmann Annette Benner Jens Christophers Christian Köhler-Ma Effizienz durch Standardisierung der Transaktionsabwicklung Wertschöpfung durch Transparenz? HOT ISSUES FRANK ZABEL CENTRUM HOLDING Germany BJOERN GOTTSCHLING COMFORT BERLIN Germany ALEXANDRE GRELLIER DATA ROOM SERVICES Germany THOMAS HERR VALTEQ Germany VICTOR STOLTENBURG Head of Acquisitions and Sales - Germany DEKA IMMOBILIEN Germany CORNELIA THALER Head of Real Estate CLIFFORD CHANCE Germany Frank Zabel Thomas Herr Bjoern Gottschling Victor Stoltenburg Alexandre Grellier Cornelia Thaler Alle Materialien in dieser Broschüre können sich ohne vorherige Ankündigung ändern.

17 DISCUSSIONS DISKUSSIONSRUNDEN Insourcing/Outsourcing Property Management What does add up? ROBERT DÖRING-STROHSCHEER HERMES HAUSVERWALTUNG Germany STEFAN EHRLICH Bereichsleiter Immobilienmanagement Wohnen BERLINOVO Germany STEFAN KORTHALS CORPUS SIREO ASSET MANAGEMENT RESIDENTIAL Germany BEN LEHRECKE VITUS Germany JOHANN-GEORG ZU YSENBURG Leiter Akquisition In Deutschland BUWOG-GRUPPE Germany Robert Döring-Strohscheer Ben Lehrecke Johann-Georg zu Ysenburg Nonperforming real estate portfolios What s between total loss and value driven revitalization? DAVID ABRAMS, Apollo European Principal Finance Funds APOLLO GLOBAL REAL ESTATE UK ADAM GOLEBIOWSKI Acquisitions Director UK AND EUROPEAN UK FLORIAN MUNDT DSR DEUTSCHE INVESTMENT KAG Germany TILL SCHMIEDEKNECHT BGP Germany Adam Golebiowski Florian Mundt Till Schmiedeknecht Auswahl des Asset Managers wichtiger als Auswahl des Assets Wunschdenken oder Wahrheit? MARKUS BELL Geschaftsführer BELL MANAGEMENT CONSULTANTS Germany GUNTHER R DEUTSCH PAMERA ASSET MANAGEMENT Germany AXEL FROESE Head of Asset Management, Germany CORDEA SAVILLS Germany INGO HARTLIEF COO CORPUS SIREO Germany MICHAEL HERMES Real Estate ATOS ASSET MANAGEMENT Germany ERIK MARIENFELDT HIH Germany UWE REMPIS National Director LASALLE INVESTMENT MANAGEMENT Germany INGO SCHIERHORN CR INVESTMENT MANAGEMENT Germany Markus Bell Gunther R Deutsch Axel Froese Ingo Hartlief Michael Hermes Erik Marienfeldt Uwe Rempis Ingo Schierhorn HOT ISSUES All material throughout this brochure is subject to change without notice.

18 SPONSORS SENIOR SPONSOR Sascha Nöske +49(30) Geschäftlich +49(172) Mobil Ingo Plenikowski RE Investment +49(30) Büro +49(172) STRATEGIS AG has been successful in the real estate market for about 15 Years. With comprehensive solutions in Management and sales, STRATEGIS AG is able to effectively handle complex issues. With its three units: RE Investment, RE Management & RE Sales. STRATEGIS AG is flexible and able to offer a full house service of managing, letting and selling units: blockwise. STRATEGIS AG ist seit 15 Jahren sehr erfolgreich im Immobilienmarket. Mit umfassenden Lösungen in Management und Verkauf, STRATEGIS AG ist in der Lage, komplexe Themen effektiv zu behandeln. Mit seinen drei Einheiten: RE Investment, RE Management & RE Sales. STRATEGIS AG ist flexible und in der Lage, einen kompletten Service fuer die Verwaltung, die Vermietung und den Verkauf von Einheiten anzubieten. GOLD SPONSOR BNP Paribas Real Estate is a leading German and international real estate services provider offering its clients local expertise in all phases of the property cycle via more than 180 offices in 39 countries worldwide. In Germany BNP Paribas Real Estate has a staff of around 650 in 12 locations, and is active in the business lines Transaction, Consulting, Valuation, Property Management and Investment Management. Internationally, the spectrum is rounded out by Property Development. GOLD SPONSOR Die DIC (Deutsche Immobilien Chancen) zählt zu den führenden deutschen Firmen, die sich auf Transaktionen im gewerblichen Immobilienmarkt spezialisiert haben. Zu ihren Geschäftsfeldern zählen Portfolio- und Asset Management, das sie über die im SDAX börsennotierte DIC Asset AG betreibt, sowie Projektentwicklungen und Joint-Venture- Investments. An der DIC Asset AG ist sie aktuell mit rund 33 Prozent beteiligt. Das gemanagte Immobilienvermögen beläuft sich aktuell auf rund 3,2 Mrd. Euro. GOLD SPONSOR RUECKERCONSULT is a consultancy for communication tasks in the real estate industry. Our employees are specialized in professional marketing and the entire public relations for real estate companies, real estate, property-related real estate investments and services, with over ten years of experience. Piotr Bienkowski Chief Executive Officer Germany piotr.bienkowski@bnpparibas.com Tel. +49 (0) Immo von Homeyer Head of Investor Relations & Corporate Communications I.vonHomeyer@dic-asset.de Tel. +49 (0) Thomas Rücker ruecker@rueckerconsult.de Tel SILVER SPONSOR Die HERMES HAUSVERWALTUNG AG ist auf die Verwaltung und Entwicklung von Wohn- und Gewerbeimmobilien für institutionelle Investoren, Privateigentümer und Wohnungseigentumsgemeinschaften spezialisiert. In unseren 14 Niederlassungen betreuen wir deutschlandweit Wohneinheiten und m² Gewerbeflächen. Robert Döring-Strohscheer Robert.Strohscheer@Hermes-Berlin.de Tel Fax CONTACT TEAM: SPONSORSHIP OPPORTUNITIES Take the opportunity to strengthen your position in the real estate market and reach a senior audience of real estate professionals across the globe. The GRI has a limited number of commercial packages available and our sponsorship team will be happy to tailor a package to ensure you maximise your return on investment. Hassan Gani Kerisia Powell Tsvetelina Zapryanova sponsorship@globalrealestate.org Tel: /5083/5084

19 GRI meetings provide a forum for the world s leading real estate players to develop valuable relationships, find new business partners, and strengthen their global networks. BUILD YOUR GLOBAL NETWORK - BUILD YOUR BUSINESS BRITISH BRITISH GRI 2014 London, April DEUTSCHE DEUTSCHE GRI 2014 Frankfurt, 7-8 May At GRI meetings there are no speakers or panellists, just informal discussions in small groups, where everyone participates equally. ESPAÑA GRI LOTEAMENTOS & COMUNIDADES PLANEJADAS2014 LATIN AMERICA AFRICA ESPAÑA GRI 2014 Madrid, May BRAZIL GATED & PLANNED COMMUNITIES 2014 São Paulo, May LATIN AMERICA GRI 2014 Miami, June AFRICA GRI 2014 Nairobi, June GRI - Treffen bieten eine Plattform für Entscheidungstraeger, vor allem um Beziehungen zu vertiefen, neue Geschäftspartner zu finden und das eigene Netzwerk zu staerken. ASIA GRI EUROPE SUMMIT 2014 GRI Deutsche Residential 2014 BRAZIL REAL ESTATE LEADERS FORUM Bei GRI- Treffen gibt es keine Vortraege oder Panels, sondern ausschliesslich informelle Diskussionen, in ueberschaubaren Runden, an denen jeder aktiv teilnehmen kann. ASIA GRI 2014 HK, September GRI REAL ESTATE MARKETING 2014 GRI EUROPE SUMMIT 2014 Paris, September INDIA GRI DEUTSCHE RESIDENTIAL 2014 Berlin, September RUSSIA BRAZIL REAL ESTATE LEADERS FORUM 2014 New York, September BRAZIL Global Real Estate Institute GRI REAL ESTATE MARKETING 2014 São Paulo, 1-2 October INDIA GRI 2014 Mumbai, 7-8 October RUSSIA GRI 2014 Moscow, October BRAZIL GRI 2014 Sao Paulo, facebook.com/globalrealestate.org CHINA 2014 GRI BRitish Residential Tel: Fax: info@globalrealestate.org CHINA GRI 2014 Shanghai, November New Europe NEW EUROPE GRI 2014 Warsaw, 2-3 December BRITISH RESIDENTIAL GRI 2014 London, December TÜRKİYE TURKEY 2015 GRI TURKEY GRI 2015 Istanbul, January

20 REGISTRATION NOTES Veranstaltungsort Bitte buchen Sie direkt mit dem Westin Grand Hotel. GRI hat ein begrenztes Kontingent unter der GRI Rate. Übernachtungskosten sind nicht in den Konferenzgebühren enthalten. Venue Please book directly requesting GRI rate (limited availability). Lodging costs are not included in Conference Fees. THE WESTIN GRAND FRANKFURT Konrad Adenauer Strasse 7, 60313, Frankfurt - Germany GRI Rate ab 175 (Classic Room). Anmeldeformular ist online verfügbar: Buchung: T mareen.mailaender@westin.com THE WESTIN GRAND FRANKFURT Konrad Adenauer Strasse 7, 60313, Frankfurt - Germany GRI group rate starting from 175 (Classic Room). Booking form available online: Reservation: T mareen.mailaender@westin.com Namensschilder... müssen während der Konferenz getragen werden. Ansonsten kann kein Zutritt gewährt werden. Badges...must be worn at all times. Admissions will regrettably not be possible otherwise. Teilnahmebedingungen Die Teilnahmegebühr muss vor der Konferenz entrichtet sein, andernfalls ist die Teilnahme nicht moglich. Bestätigungen werden nach Eingang der Registrierung versandt. Sollten Sie innerhalb von 14 Tagen keine Bestätigung erhalten haben, kontaktieren Sie bitte unser Büro, um Ihre Registrierung zu bestätigen. Stornierung oder der Transfer auf Kollegen müssen schriftlich erfolgen. Ein Transfer ist jederzeit möglich. Im Falle einer Stornierung bis 21. März 2014 werden 90% der Teilnahmegebühr rückerstattet. Bedauerlicherweise können nach dem 21. März 2014 keine Kosten rückerstattet werden. (1) Ermäßigung für Gruppen Preis gilt pro Person. Wird gewährt für Gruppen ab 3 Personen, gilt ohne Unternehmenszugehörigkeit. Bitte beachten Sie, das Ermäßigungen nicht mehrfach gelten. (2) Zahlung Zahlungen generell per Kreditkarte. Bei anderen Zahlungsformen fallen zusatzlich 75 an zahlbar an GRI. Senden Sie Scheck und Ihre Registrierung an: GRI, Walkden House, 10 Melton Street, London, NW1 2EB, UK. Terms and Conditions Delegate fee must be paid in full prior to event or admission is regrettably not possible. Confirmation will be sent on receipt of payment. If you have not received confirmation within 14 days of registration, please contact us to confirm your booking. Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possible at any time. 90% refund will apply on cancellation notices received by 21 March We regret no refunds are possible for cancellations received thereafter. (1) Group rate Group rate is per person. Applies to groups of 3 or more. Need not be from the same company. Please note that registration fee reductions are not cumulative. (2) Payment Payments generally per credit card. Cheques and other methods incur additional 75 charge. Pay GRI. Mail check and registration form to: GRI, Walkden House, 10 Melton Street, London, NW1 2EB, UK. Inquiries & Further Information: FOR PROGRAM OPPORTUNITIES CONTACT: Ronny Gotthardt Tel: ronny.gotthardt@globalrealestate.org FOR MEDIA & PARTNERSHIPS CONTACT: Berna Turner Senior Marketing Manager Tel: berna.turner@globalrealestate.org MAIN OFFICE: 511 Avenue of the Americas - Suite 4100, New York, NY 10011, USA EUROPEAN OFFICE: 10 Melton Street, London, NW1 2EB, UK FOR GENERAL EVENT ENQUIRIES CONTACT Tel

21 DEUTSCHE GRI 2014 REGISTRATION FORM REGISTER ONLINE ALTERNATIVE WAYS TO REGISTER Scan & this form to: Fax Tear out & fax this form to: Tel Call & talk to us on: FIRST NAME SURNAME POSITION/JOB TITLE MIDDLE NAME NICKNAME SPAREN SIE BIS ZU 400 VOR DEM 21. MÄRZ SAVE UP TO 400 WITH THE EARLY BIRD! DEUTSCHE GRI 2014 Frankfurt, 7-8 May SINGLE GROUP* per person* DISCUSSION (CO-)CHAIR* TEL Early Bird Rate Before 21 Mar Standard Rate After 21 Mar 2,375 (+19% VAT) 2,675 (+19% VAT) 2,175 (+19% VAT) 2,475 (+19% VAT) 2,075 (+19% VAT) 2,475 (+19% VAT) COMPANY Fee for payment methods other than credit card*: Fee for onsite payment (credit card or cash only)*: * Refer to registration notes on opposite page. 75 (+19% VAT) 125 (+19% VAT) ASSISTANT ASSISTANT TEL ASSISTANT PAYMENT DETAILS A receipt will be returned. ADDRESS Please Tick VISA MASTERCARD AMEX CHEQUE (+ 75) (2) NAME ON CARD CARD NUMBER EXPIRY CITY STATE/PROVINCE/COUNTY POSTCODE COUNTRY CSC/CVV* (MANDATORY) SIGNATURE DIVISION S WEB ADDRESS (ex: CREDIT CARD BILLING ADDRESS (Please provide if different from address on left) q INVESTOR q PENSION (Investor) q PROPERTY COMPANY (Developer) q INFRASTRUCTURE COMPANY q LENDER q HOTEL (Company) q INVESTMENT BANK q CORPORATE (User) q AGENT (Surveyor) q ADVISOR (Accountant/Tax) q LAWYER q A&E (Architect/Engineer) q TITLE (COMPANY) q GOVERNMENT (Officials) q ECONOMIC DVPMT. q ACADEMIC (Think Tank) q MEDIA q TRADE (Group/Exhibit/Conference Organiser) q OTHER CITY STATE/PROVINCE/COUNTY POSTCODE COUNTRY * The CSC is the final three digit number printed on the reverse of your card along the signature strip. American Express cards, please provide the four digit CVV located above the long card number. With due sensitivity the GRI may film or photograph this event for printed & electronic marketing purposes. By attending the event you are giving consent to be filmed or photographed. No individually identifiable images will be used where requested.

22 SENIOR SPONSOR GOLD SPONSORS SILVER SPONSOR BRONZE SPONSOR DER IMMOBILIEN FAKTEN MEINUNGEN TENDENZEN Brief alternative assets. intelligent data. INDUSTRY & MEDIA PARTNERS