BulwienGesa AGresearch • analysis • consulting

Data and Services by bulwiengesa AG

RIWIS Regionales Immobilien-Wirtschaftliches Informations-System

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Daten und Dienstleistungen für die Immobilienwirtschaft

bulwiengesa AG – about us

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n Consultancy, Research and Analysis for more than 30 years, with many long-time employees

n approx. 80 members of staff in

n 4 offices: Berlin, Frankfurt, Hamburg and Munich

n Interdisciplinary team – competent, quick yet quality-conscious services

n provides all from data to in-depth studies

n Independent from the very beginning – all shares owned by the management

n Main Focus on office, retail, logistics and residential markets

n Comprehensive competence within the hotel and leisure related sub-markets

n Broad experience concerning special purpose properties (nursing homes, airports, etc.)

n leading in Germany, strong pan-European partner network

n own valuation subsidiary:

bulwiengesa appraisal GmbH

Independent Analysis, Valuations, Consulting Market Competence

bulwiengesa AG – Market Competence

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Bottom Up ResearchFeasibility Studies, Market and Location Studies, Property Appraisals,

Surveys, Municipal Studies

Strategies, Studies, Forecasts, Indices, Scoring, Rating

Top Down Analysis

Experts &Market

CompetenceRIWIS online

n Data Collection, Research and Analysis of Property Market Data

n Compliance and Confidentiality Agreements are respected > Data can be used to refine models

n Verification and Validation of Data

n Plausibility and Relevance Checks

n Standard Consulting Products

n Individual and Bespoke Products, Data Services or Reports and Studies

Combine and Complement

bulwiengesa AG – Products & Services

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n Portfolio Structuring & Strategic Consulting

n Property and Portfolio Valuation

n Municipal Studies, Concepts, Regional Planning

n Business Modelling

n Market- and Location Studies

n Feasibility Studies

Competence in all Market Sectors

n Use-Concepts

n Investment Strategies

n Research and Analysis

n Market Forecasts and Trends

n Property Market Data

n RIWIS

LocationDecisions

MarketResearch

Risk-ManagementControlling

InvetmentDecisions

Expansion &Competition Analysis

Portfolio Strategies& Structurings

Strategy, Design &Revision

Volatility Models

n ... is a granular and regional Information System for real estate markets and its socio-economic fabric

n … offers a broad spectrum of data and increases the transparency of the property market

n … supports investment, location or strategic decisions

n … shows Strengths, Weaknesses, Opportunities and Threats of cycles, markets, locations, properties …

n … enables knowledge building

n … facilitates well-grounded communication with clients, investors, partners and colleagues

RIWIS...

RIWISsupports

Reporting

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n RIWIS covers relevant property market sectors with a broad scope of robust data

n nation-wide coverage for residential sector , focus on 125 markets for commercial markets

n multi-dimensioned, multi-focused, multi-layered

– sector, sub-markets, details

– time-series

– regional & granular scale

– several data sources

n one fits all: for analysis, forecast, valuation

Daten und Dienstleistungen für die Immobilienwirtschaft

TIME

SPACE

SiteBuilding BlockBoroughCity, TownDistrict (Kreis) Region

SECTOR

ResidentialRetail

OfficeLogistics/Industrial

…

RIWIS / Scope of Data

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historicdevelopmentcurrentsituationfutureperspective

MarketData

Asking Prices(online marketplace)

Land Registry(Gutachterausschuss)

property specific track recordinvestment

& lettings

secondary marketdata & nationalstatistics office

surveys, studies, appraisals, advice &consultancy work by

bulwiengesa

primary market research &

data collectionby bulwiengesa

Market Reports(various sources)

regular interviewswith >1,000local Experts

n since 1990 bulwiengesa collects, compiles, vaildatesand publishes property market data

n numerous data sources and methods are included in this process and the processing and validation is undertaken by long-time employees with plenty of expertise and local market knowledge

n the review of asking prices and comparison to actual transaction data enables plausibility checks and identification of trends on both sides

n this concept provides reliable and consistent time series which are used by a big number of clients, e.g. the Deutsche Bundesbank for providing data to ECB BIS, OECD, IMF

RIWIS: efficient– systematic – comprehensible

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Daten und Dienstleistungen für die Immobilienwirtschaft

RIWIS – Selected Clients

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RIWIS / Research and Validation

Mass Data(Asking Rents & Prices)

approx. 4-6 Million Property Offers p.a.

Market Reports and Datafrom Agents/Brokers

e. g. IVD, LBS, Lührmann, Colliers etc.

Transaction Based Datae.g. Gutachterausschüsse (Land Registry)

Own Data Survey, ContinuousContact to Local Experts, Interview Panel

Market Observation, Monitoring,Surveys, Research, Test Purchases,

Writing of Appraisals & StudiesResidential, Office, Retail, Logistics, Hotel, et.al.

Aggregation to Submarket, City andRegional Level Data

Market Data published by bulwiengesa

bulwiengesa Expertise and Knowledge on Markets and Regions

Property DataPrices, Rents

>30,000 Letting Deals> 8,000 Investment Deals

RIWIS / Research and Validation

Local, Regional, and Nation-Wide Property Market Data

Data ResearchOwn Studiesand Surveys Secondary Sources &

Published Information

InterpretationAnalysis

Description

Appraisals, StudiesMarketreports,

Evaluations

Definition, Validation,Consistency

Database

Time Series AnalysesMarket Structure, Background,

Trends and Changes

Scoring, Rating, Forecast

Expectations on Property MarketsDecisions and Strategies

Relevance of Market Players

RIWIS / Modules

MARKET DATA

n RIWIS Basis

n RIWIS Quarterly Trends

n RIWIS Regional

n RIWIS Sub-Market

n RIWIS Scoring

n RIWIS Forecasts

n RIWIS GPI

PROPERTY DATA

n RIWIS Comparables

n RIWIS Pipeline

n RIWIS Shopping-Center & Retail Parks

REPORTS

n RIWIS Select

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RIWIS Basis

n Market and Planning Data Indicators for

– office

– retail

– logistics / industrial

– residential sectors

are complemented by national statistics which describe demand

and supply structures

n Data Definitions and Methodologies are provided

n for 125 cities time-series from 1990

n for 49 West-German cities and 9 indicators data from 1975

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Daten und Dienstleistungen für die Immobilienwirtschaft

RIWIS Scoring

n Benchmarking each of the 125 cities using a bottom-up market analysis

n based on selected indicators which describe strengths and weaknesses

n three sectorsoffice, retail, residential

n three temporal perspectives– historic development– current situation– future perspective

n six result categories (1a, 1b, 2a, 2b, 3, 4)

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n The German Property Index (GPI) is a Property-Market-Performance-Index for 125 cities by bulwiengesa

n providing historical and forecasted data with regard to

– Total Return

– Cash Flow

– Capital Growth

for each of the125 RIWIS cities and for the office, retail, logistics and residential markets

n Following a market approach the GPI differs from other indices which are based on transaction based data of selected portfolios.

RIWIS GPI

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RIWIS Forecast // RIWIS Pipelinefor Office, Retail and Residential Markets

FORECAST

n market forecast for the next 5 years, to be as close as possible

n econometric and statistical methods and techniques

n based on our market data and knowledge, with additional forecasts of socio-economic figures of approved sources

n 21 office markets, 30 retail markets and 125 residential markets

PIPELINE

n detailed monitoring of properties in draft, in planning, under construction, recently completed

n realistic and reliable figures to pin-point volumes and time of available spaces

n deduction from individual properties to local markets to more general trends

n volumes, cycles, structures, vacancies, rents, yields

n one hard fact on future supply side

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RIWIS Sub-Market// RIWIS Quarterly Data

SUB-MARKET

n for 7 A-Markets, approx. 10-30 sub-markets each

n functional sub-market definition for office and residential sectors

n most data from 2000

QUARTERLY DATA

n for 7 A-Markets

n key market figures on a quarterly basis

n national trends on a quarterly basis

– GDP

– Consumer Indices

– Real-Estate-Climate

RIWIS regional

n regional market information for all German Kreise and additional 350 towns

n Residential Market data from 2004 – Rents, Purchasing Prices– Multiplier– socio-economic structures

n Office Market data from 2007– rents– indication on market volumes and activities

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Daten und Dienstleistungen für die Immobilienwirtschaft

RIWIS Cities – Basis

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C-MarketsAachenAugsburgBielefeldBraunschweigDarmstadtErfurtErlangenFreiburg (Breisgau)HeidelbergKielLübeckMagdeburgMainzMönchengladbachMülheim (Ruhr)Offenbach (Main)OsnabrückPotsdamRegensburgRostockSaarbrücken Wuppertal

B-MarketsBochumBonnBremenDortmundDresdenDuisburgEssenHannoverKarlsruheLeipzigMannheimMünsterNürnbergWiesbaden

A-MarketsBerlinDüsseldorfFrankfurt (Main)HamburgKöln (Cologne)München (Munich)Stuttgart

D-MarketsAlbstadtAschaffenburgBambergBergisch GladbachBottropBrandenburg (Havel)BremerhavenChemnitzCoburgCottbusDessauDetmoldDüren EisenachFlensburgFrankfurt (Oder)FriedrichshafenFulda FürthGelsenkirchenGeraGießen

GörlitzGöttingen GreifswaldGütersloh HagenHalberstadt Halle (Saale)HammHanauHeilbronnHerneHildesheim IngolstadtJenaKaiserslauternKasselKempten (Allgäu)KoblenzKonstanz KrefeldLandshutLeverkusen

LüdenscheidLudwigshafenLüneburg MarburgMindenMoersNeubrandenburgNeumünsterNeuss OberhausenOffenburgOldenburgPaderborn PassauPforzheimPlauenRatingenRavensburg Recklinghausen RemscheidReutlingen Rosenheim

SalzgitterSchwerinSiegen SolingenStralsundSuhlTrierTübingen UlmVillingen-SchwenningenWeimarWilhelmshavenWittenWolfsburgWürzburgZwickau

Daten und Dienstleistungen für die Immobilienwirtschaft

RIWIS Cities – Regional

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AalenAchimAhlenAhrensburgAlsfeldAltenburgAlzenau in UnterfrankenAlzeyAmbergAndernachAnklamAnnaberg-BuchholzAnsbachApoldaArnsbergAscherslebenAurichBad DoberanBad DürkheimBad HersfeldBad Homburg vor der Höhe

Bad KissingenBad KreuznachBad Neuenahr-AhrweilerBad Neustadt (Saale)Bad ReichenhallBad SalzuflenBad SalzungenBad SchwartauBad TölzBad VilbelBad ZwischenahnBaden-BadenBaunatalBautzenBensheimBergen (Rügen)BergheimBergkamenBernburg (Saale)BetzdorfBiberach an der Riß

BitburgBocholtBogenBoppardBruchsalBurgBurghausenCalwCastrop-RauxelCelleChamCloppenburgCochemCuxhavenDachauDaunDeggendorfDelitzschDelmenhorstDemminDillingen (Donau)

DingolfingDinkelsbühlDinslakenDöbelnDormagenDorstenDülmenEberswaldeEggenfeldenEhingen (Donau)EichstättEisenbergEisenberg (Pfalz)EisenhüttenstadtEisleben, LutherstadtElmshornEmdenEmmendingenErdingErftstadtErkelenzEschwegeEschweilerEsslingen am NeckarEuskirchenFalkenseeFinsterwaldeForchheimFrankenbergFrankenthal (Pfalz)FreibergFreisingFreital

FriedbergGanderkeseeGarbsenGarmisch-PartenkirchenGeesthachtGermeringGermersheimGifhornGladbeckGöppingenGoslarGothaGreizGrevenbroichGrevesmühlenGriesheimGrimmaGummersbachGünzburgGüstrowHagenowHaldenslebenHamelnHaßfurtHattingenHeideHeidenheim an der BrenzHeilbad HeiligenstadtHelmstedtHerfordHertenHerxheim bei LandauHerzogenaurach

HildburghausenHildenHirschaidHofHofheim am TaunusHolzkirchenHolzmindenHomburgHorb am NeckarHöxterHoyerswerdaHürthHusumIbbenbürenIdar-ObersteinIlmenauIngelheim am RheinIserlohnItzehoeKaufbeurenKelheimKerpenKitzingenKleveKolbermoorKönigs WusterhausenKönigsbrunnKonzKorbachKöthenKronachKulmbachLahnstein

Landau (Pfalz)Landsberg am LechLandstuhlLangenfeld (Rheinland)LangenhagenLauf an der PegnitzLeer (Ostfriesland)LennestadtLichtenfelsLimbach-OberfrohnaLimburg an der LahnLindau (Bodensee)Lingen (Ems)LippstadtLohr am MainLörrachLüchow (Wendland)LudwigsburgLudwigsfeldeLünenMarienbergMarkkleebergMarktoberdorfMarktredwitzMarlMeerbuschMeiningenMelleMemmingenMenden (Sauerland)Merseburg (Saale)MerzigMichelstadt

MiltenbergMindelheimMontabaurMosbachMühlackerMühlhausen (Thüringen)MüllheimMünchbergNaumburg (Saale)NeckarsulmNeu-UlmNeuburg an der DonauNeumarkt in der OberpfalzNeunkirchenNeuruppinNeustadt (Weinstraße)Neustadt an der AischNeustadt bei CoburgNeustrelitzNeuwiedNienburg (Weser)NordenhamNorderstedtNordhausenNordhornNördlingenNortheimOchsenfurtÖhringenOranienburgOschersleben (Bode)Osterholz-ScharmbeckOsterode am Harz

ParchimPasewalkPegnitzPeinePfaffenhofen (Ilm)PirmasensPirnaPößneckPreetzPulheimQuedlinburgRadebergRadebeulRastattRegenRegenstaufReichenbach (Vogtland)RendsburgRheineRibnitz-DamgartenRiesaRintelnRodalbenRodgauRotenburg (Wümme)RothRottweilRüsselsheimSaalfeld (Saale)SaarlouisSalzwedel, HansestadtSangerhausenSankt Augustin

Sankt WendelSaulgauSchifferstadtSchleswigSchönebeck (Elbe)Schönenberg-KübelbergSchwabachSchwäbisch GmündSchwäbisch HallSchwalmstadtSchwandorfSchwarzenberg (Erzgebirge)Schwedt (Oder)SchweinfurtSchwerteSeevetalSenftenbergSindelfingenSömmerdaSondershausenSonnebergSonthofenSpeyerSprembergStadeStarnbergStendalStolberg (Rheinland)Stollberg (Erzgebirge)StraubingStrausbergStuhrSulzbach-Rosenberg

TaunussteinTeltowTeutschenthalTirschenreuthTorgauTraunsteinTroisdorfTuttlingenUelzenUnnaUnterschleißheimVarelVaterstettenVechtaVelbertViersenVilsbiburgVilshofenVohenstraußWaiblingenWaldkirchenWaldkraiburgWaldshut-TiengenWalsrodeWaren (Müritz)Weiden (Oberpfalz)Weilheim in OberbayernWeinheimWeißenburg in BayernWeißenfelsWeißwasserWerdauWerneck

WernigerodeWertheimWeselWetzlarWillichWismarWittenbergWittenbergeWittlichWittmundWolfenWolfenbüttelWormsZerbstZirndorfZittauZweibrücken

• Regional Module City• Basis Module City

BulwienGesa AGresearch • analysis • consulting

Granular Data and Urban Structures

RIWIS Regionales Immobilien-Wirtschaftliches Informations-System

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n Example Residential Location Quality

based on granular data on block (Baublock) level, bulwiengesa and microm have created a methodology to create small scale location types for residential uses. Variables taken into account are:

– neighbourhood status

– social millieu (social environment)

– solvency

– size of residential units

– net migration

– proximity to greens & parks

– distance to industrial areas

RIWIS • Urban Structures

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n Visualisation of Urban Structures

n Nation-wide Coverage at Building Block Level

n Granularity, Scalable

n Bespoke Services and Data Provision

RIWIS • Urban Structures

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very good location

Dominance

good to very good location

good location

average to good location

average location

below average to average location

below average location

Residential Area Quality

RIWIS • Urban Structures

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below1,000

Inhabitants per sqm

1,000 to 2,000

2,000 to 3,000

3,000 to 5,000

5,000 to 9,000

9,000 to 18,000

over18,000

Population Density

RIWIS • Urban Structures

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Purchasing Power Index

below 80

Germany = 100

80 to 85

85 to 90

90 to 100

100 to 110

110 to 135

over135

RIWIS • Urban Structures

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Main Use of Building

light

strong

mean

light

mean

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lightmeanstrong

Dominance of Single-Family Homes

Dominance of Small Multi-Family Houses

Dominance of Larger Multi-Family Houses

Dominance of Commercial Buildings

RIWIS • Urban Structures

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Dominant Life-Cycle Groups

Young Singles

Yound Couples

Young Families

Singles

Couples

Families

Senior Singles

Senior Couples

Senior Multi-Person Househols

RIWIS • Urban Structures

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Food-Store Supply

below500

Total sqm of Food Retail Space within 500m of Building Block

500 – 1,500

1,500 – 2,500

2,500 – 3,500

3,500 – 5,000

5,000 – 7,000

7,000 – 12,000

12,000 – 20,000

over 20,000

prob. small spaces avail.

RIWIS • Urban Structures

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Public Transport Accesslimited access to public transport

excellent access to public transport

Please contact us!

www.RIWIS.de

Nymphenburger Straße 5 80335 München T. +49 89 23 23 76-0 F. + 4989 23 23 76-76 info@bulwiengesa.de www.bulwiengesa.de

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www.riwis.de

riwis@bulwiengesa.de