10494 ww sector brochures capital markets v content change cut kevin agreed v26

OneWorldTeam

In partnership with Bilfinger Real Estate

European Capital Markets Group

Worldwide

gvaworldwide.com

Our European Capital Markets Group understands the different dynamics affecting the core capital markets in Europe. Our team works with institutional investors, pension funds, property companies and private individuals, providing strategic advice on commercial property assets and portfolios across all the core sectors, including offices, industrial & distribution and retail.

Geopolitical factors affect all markets, but real estate is a local business with value predominantly determined by local factors. GVA Worldwide and Bilfinger Real Estate’s combined specialist knowledge of the international property investment market is based on years of transactional experience. Our European firms are recognised as leading property advisers in the market today, providing financial and market analysis and transaction due diligence.

Our European Capital Markets Group comprises of representatives from France, Germany, Spain, Italy and the UK. The core European markets of France, Germany and the UK continue to absorb the majority of cross border investment and currently account for the majority of European investment volume. We have also seen European investors coming back to the Spanish and Italian markets very strongly. The positive economic outlook in

Spain has improved international investors’ confidence. Recovery in Italy is driven by foreign buyers who have regained their confidence due to a much more stable political and economic outlook. We also deliver investment capabilities in the Czech Republic, Belgium, Greece, Netherlands, Norway, Ireland, Poland, Portugal, Russia, Switzerland and Turkey.

Relationships are crucial to success in capital markets in both domestic and international levels. They help to access early information on open market sales, to discover opportunities that have yet to be announced, and can find an ideal buyer for your property. Our team has built longstanding relationships with owners, investors and funders advising across all regions and sectors.

Our European Capital Markets Group draws upon the strengths of the Bilfinger GVA business in Germany and the UK, along with the longstanding and largely respected affiliate businesses in Spain, Italy and France. GVA Worldwide has advised on over €17.5 billion transactions worldwide.

We look forward to discussing any aspect of the international capital markets with you.

WELCOME

Connecting European property investment

Neil DoveyInternational Head of transactions and capital markets

United Kingdom

Neil Dovey

[email protected]: +44 207 911 2168

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One World Team | European Capital Markets Group

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CAPITAL MARKET MOVEMENT

Where capital is going in Europe

€8bn Spain

€5.3bnItaly

€22bn France

€40bn Germany

€60bn United Kingdom

Transaction volumes

In 2014, a total of €177.6 billion was invested into Europe. The map indicates the transactional volume in each key country at the end of 2014.

The UK, Germany and France represented 60% of European activity, with the UK reporting an 18% year on year increase.

Our European Capital Markets Group services include:

• Exclusive dispositions of single property and portfolio assets

• Acquisitions

• Due diligence

• Financial and market analysis

• Underwriting and valuation services

• Mortgage finance

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In the UK, as Bilfinger GVA, we have over 30 specialists including 18 directors within the investment team. As a result of this, we have advised on approximately €6 billion transactions with over 130 deals being completed in the last 12 months.

We are experienced at advising investors and property companies on the acquisition and disposal of property, including strategic advice, securing funding and sale and leasebacks. Whether you are selling or buying a single let property or multi-let assets, their advice is based on knowledge, expertise and understanding.

We are also renowned for expertise in alternative sectors including:

• Hotels and Leisure

• Healthcare

• Data Centres

• Automotive and Roadside

• Student Accommodation

UNITED KINGDOM

St James Square, SW1

Pontegadea UK10,870 sq m office space sale and partial leaseback to Rio Tinto

Acquisition for €356 million

Our investment experience

The Point, W2

Tishman SpeyerMulti-let 21,947 sq m office building

Acquisition for €315 million

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In the UK alone we have advised on approximately €6 billion transactions in the last 12 months which is expected to continue to grow.

Neil Dovey Senior Director, UK

7, 8 & 10 Brindley place Birmingham

Tritax LLP27,324 sq m prime office let to RBS

Disposal for circa €178 million

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FRANCE

With 150 professionals in several offices, the Nexity Conseil & Transaction team covers the entire French market.

In 2014, Nexity Conseil & Transaction participated in the realisation of 550 transactions representing nearly 550,000 sq m of offices and business premises located in France.

The French market had its third best year of the decade in 2014:

• €22 billion invested in commercial real estate in 2014 (exc. hotel and health)

• 3 acquisitions over €1 billion, for a total of €3.9 billion

• 50 transactions over €100 million

Nexity Conseil & Transaction successfully completed nine out of ten co-exclusive mandate transactions for more than €15 million in Île-De-France. Nexity’s deal volume totalled €700 million in 2014, with 30 deals from €1 million to €250 million located all over France. The asset categories consisted of office, retail, industrial and residential. Le Dufy St Maurice

Generali14,000 sq m office, single tenant Veolia

Sold by Nexity Conseil & Transaction for €50 million


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Our deal volume totalled €700 million in 2014, with 30 deals up to €250 million.Jan Andrykowsky International Director, France

Levallois-Perret

AIK4,156 sq m office, multi-let

Sold by Nexity Conseil & Transaction for €31.5 million

22 Rue Bayen, Paris

Natexis Lease2,000 sq m office, single tenant

Sold by Nexity Conseil & Transaction for €21 million

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GVA Redilco investment team works in investment income in the more traditional and consolidated asset classes.

GVA Redilco’s international positioning, in-depth knowledge of the local market and innovative business model, make it a point of reference for national and multinational corporations, investors, financial professionals and private individuals for the pursuit and development of the best investment opportunities in Italy and worldwide.

This includes office, logistics/manufacturing, retail and hotel and has specialised desks for new sectors developing in the Italian market that are and already strengthened worldwide, such as:

• Healthcare (nursing homes, clinics, hospitals and other health facilities)

• Automotive and Roadside (vehicle dealership and petrol stations)

• Data Centres & IT Infrastructure


ITALY

Paullo

Corpus Sireo Real Estate40,800 sq m prime logistic warehouse, fully let

Disposal for €20-25 million

Milan CBD Italian Institutional Fund Sale of 6,000 sq m mixed-use office and retail building in the CBD of Milan


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We successfully managed this year’s prime-yield transaction, below 4% gross, in our market.Gianluca Mazzi Executive Director, Italy

Santa Margherita 6

PrivateMulti-let 4,000 sq m office and retail building


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Our investment experienceWinner of the “Best Real Estate Consultant in Spain” Euromoney award in 2015, 4th year in a row, Aguirre Newman is a specialist in investment and divestment projects for all types of real estate assets.

With a portfolio of more than 700 private investors, Aguirre Newman has a market share of over 25% of investment transactions in the Spanish office market. The team is the point of reference in the Spanish market for national and international investors, having well-established contacts with more than 200 overseas funds.

Aguirre Newman provide investment projects with mixed teams comprising financial and technical experts.

Edificio España

Banco SantanderAdvisory

Sale of the office building on Plaza de Espana, Madrid totalling €265 million

SPAIN

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In 2015 our deal volume totalled more than €1.2 billion.Alejandro Campoy Managing Director, Spain

Paseo de la Castellana, 89

Ahorro CorporaciónAdvisory

Sale of an office building at Paseo de la Castellana, 89 in Madrid totaling €147 million

Gran Vía, 32

PontegadeaAdvisory

Purchase of the building at Gran Vía, 32 in Madrid totaling €400 million

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Bilfinger Real Estate has years of experience and detailed knowledge of the market, supporting investors and sellers in all phases of the transaction process with a broad range of services.

The asset management and transaction team develops investment and exit strategies and takes over the comprehensive monitoring and management of the owner portfolio.

The Capital Markets team advises investors and sellers on the acquisition and disposal of property and portfolios. This includes strategic advice and buy side advice. The goal is the best possible audit-proof marketing of the property.

With wide-ranging expertise and an understanding of the market and products in all asset classes, we develop the optimal strategy and acquire the appropriate investment.


GERMANY

North-Rhine-Westphalia

Private17,000 sq m shopping centre

Buy side mandate

Multiple locations

Private39,500 sq m retail portfolio with 21 properties

Buy side mandate

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€54 billion of asset value is taken care of by Bilfinger Real Estate Germany.Birgit Lenzen Head of Capital Markets, Germany

Multiple locations

Private141,416 sq m

Asset Management; Transaction Management

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One World Team | Capital markets

Our key clients

CLIENTS

With specialists all over Europe, our client base is diverse and includes domestic and international investors.

From property companies to developers and private investors we have great experience delivering excellent results for our clients.

We also have considerable history working with a range of financial institutions, insurers, administrators and receivers.

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European Capital Markets Group

CONTACTS

Italy

Gianluca [email protected]: +39 02 802 9211 M: +39 3356 087 543

United Kingdom

Neil [email protected]:+44 207 911 2168 M:+44 7778 848 232

United Kingdom

Chris Gore

[email protected]: +44 207 911 2036M: +44 7971 856 763

Italy

Giuseppe [email protected]: +39 02 802 9211M: +39 3461 427 927

France

Jan [email protected]: +33 156 88 9382M: +33 675 23 34 29

Germany

Birgit [email protected] T: +49 69 244334290M: +49 172 7394869

Spain

Alejandro [email protected]: +34 91 319 1314M: +34 667 47 39 48

Spain

Carlos [email protected]: +34 91 319 1314M: +34 667 40 04 81

Aachen • Aarau • Amsterdam • Apeldoorn • Aschaffenburg • Athens • Barcelona • Basel • Belfast • Berlin • Bern • Bielefeld • Birmingham • Bremen • Bristol • Brussels • Cardiff • Czech Republic • Darmstadt • Datteln

• Dormage • Dublin • Düren • Düsseldorf • Edinburgh • Eindhoven • Essen • Frankfurt • Fribourg • Geneva – Carouge • Glasgow • Hamburg • Hanau • Hanover • Hattigen • Istanbul • Köln • Lausanne • Leeds •

Lille • Lisbon • Liverpool • London City • London West End • Lucerne • Luxembourg • Lyon • Madrid • Mainz • Malaga • Manchester • Mannheim • Marseille • Merseburg • Milan • München • Munich • Neu-lsenburg

• Newcastle • Nürnberg • Offenbach • Oslo • Paris • Pforzheim • Rome • Schaffhausen • St Gallen • Stuttgart • Toulouse • Turin • Utrecht • Vienna • Wallisellen • Warsaw • Wiesbaden • Witten

Cities we represent

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Europe: Austria, Czech Republic, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Switzerland, Turkey, United Kingdom Asia Pacific: China, Hong Kong, India North America: Canada, USA

South America: Colombia, Mexico

+44 (0)8449 02 03 04

[email protected] www.gvaworldwide.com

Published by Bilfinger GVA. 65 Gresham Street, London EC2V 7NQ. ©2015 Copyright Bilfinger GVA

Bilfinger GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide Limited, an independent partnership of property advisers operating globally. Bilfinger GVA is a Bilfinger Real Estate company.

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