real estate asset management march 2013. keyhighlights real estate asset management private and...
TRANSCRIPT
Real Estate Asset Management
March 2013
Keyhighlights
Real Estate Asset Management
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
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Broad base of institutional and family investors5
Value proposition for our clients
Real Estate Asset Management
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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
Real Estate Asset Management
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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
Real Estate Asset Management
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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
Real Estate Asset Management
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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
Real Estate Asset Management
Private and confidential 7
€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
Real Estate Asset Management
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Fra
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Ger
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Ass
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Man
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UK
Pro
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Man
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Linus Forsberg
Partner
Linus has previously worked for CBRE Investors as a Director and Principal, responsible for transacting and asset managing £300m of assets.
Sam Resouly
Sam 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 Costello
Partner
Edmund was Head of UK Property at Bank of Ireland Private Banking, where he transacted more than £1.0 billion worth of property
Geoff Roberts
24 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 Rosinski
is responsible for Lettings. Previously we worked for Colliers
Simone Steiner
is responsible for Property Management. She is Engineer and Arquitect
Philipp Hübschmann
is responsible for accounting within the Property Management department. He previously worked at Rödl & Partner.
Christoph Mösbauer
is 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 Steinmetz
is 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 Staff
Dusica Ilic
Martina Trinks
Simone Steiner
Ron Tesler
Arne Genauer
Silke Spallek
Roman Klasen
Partner
is responsible for the areas of Financing and Structuring. He was previously with Credit Suisse Real Estate Finance in London.
Matthias Schreier
Partner
is responsible for Portfolio Control and Valuations. He previously founded and co-headed the Real Estate Consulting Department at Credit Suisse.
Wolfgang Schreier
Partner
is responsible for Market Analysis, as well as Acquisitions and Sales. He previously founded and co-headed the Real Estate Consulting Department at Credit Suisse.
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Luis Iglesias
Partner
Luis 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.
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Disclaimer
Real Estate Asset Management
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“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.”