siemens real estate | dr. zsolt sluitner | 03.07.2014 ... · unrestricted © siemens ag 2014. all...

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Inhouse project developmentOpportunities and limitations

Siemens Real Estate | Dr. Zsolt Sluitner | 03.07.2014

June 2014

Unrestricted © Siemens AG 2014. All rights reserved. Siemens Real Estate

Siemens – A global playerWith sales of 80 billion EUR and a workforce of 360,000Siemens Real Estate is part of the Siemens Group

Energy Industry

Healthcare Infrastructure & Cities

Cross Sector Units

Financial Services Siemens Real Estate

June 2014


Employees Area (in millions of square meters)All figures refer to continuing activities; as of September, 30th 2013

Siemens is represented in more than 200 countriesSRE is in charge of the real estate portfolio of 15.8 million m²

Americas Asia, Australia

Germany

Europe, CIS, Africa, MiddleEast (excl. Germany)

2.2

14%

64,000

18%

4.3

27%

102,000

28%

3.5

22%

78,000

22%

5.8

37%

118,000

33%

June 2014


Siemens Real EstateAt a glance

2013

Sales (in billion EURO)

Net income (in million EURO)

Employees (incl. restaurant & services)

Assets under Management(in billion EURO)

Land area (in million m2)

Building space (in million m2)

2.5

171

approx. 3,708

6.5

29.81)

15.8

1) Without leased/without received hereditary building right total site area

June 2014


Our Mandate and MissionSiemens Real Estate stands for …

… uniform and comprehensive real estatemanagement at Siemens

… optimized use of resources

… support for the Sectors and Divisions indeveloping their market position usingcustom real estate strategies and solutions

"SRE drives Siemens' profitability asa trusted business partner through realestate and related services"

June 2014


Corporate Real EstateThe full range of activities

Strategic portfolio management

Location concepts andsite development

Sustainability strategy

Working concepts

Asset and property management

Purchase/sale of space

Planning and construction of officesand production facilities

Site selection

Facility management

Financing concepts

Leasing and letting

June 2014


Make or buy decision is driven by financial andcorporate aspects

Organic vs. un-organic growth,consolidation szenario

Make

Own development

Buy

Investor

Financials

Cash Balancing

Capitalspending

Proceedsfrom disposals

IBIT Net Cash Net Cash (disc.)

Additional criteria

Siemensbusiness outlook

Real estatemarket

Customerrequirements

others

Maturity of market,supply and demand

Flexibility, total occupancycosts, low cost products

Land use rights restrictions, compliance,quality and capacity of resources

Positive corporate business case

June 2014


Investment volume more than 1 billion € overthree years

450′0500′0

Space handedover to customer

Number ofcompleted projects

210.0 m²

21 19 19

217.0 m² 249.0 m²

11

96.0 m²

Capex newconstruction in €

Overview new construction (Make)

1)

1) Capital Expenditures for construction

FY 2012 FY 2013 FY 2014 FY 2015 Outlook

June 2014


Construction projects worldwideOffice

Rio de Janeiro,BrasilR&D CenterCustomer Energy SectorSpace 8,300 m²

Masdar City,Abu Dhabi, UAEOffice building fit-outCustomer Regional Company UAESpace 12,000 m²

Shanghai,ChinaOffice site expansionCustomer Regional Company CHNSpace 17,500 m²

Oslo, NorwayOffice building (built-to-suit)Customer Regional Company

NorwaySpace 18,000 m²

The Crystal, London, UKGlobal Urban Sustainability CenterCustomer Infrastructure and

Cities SectorSpace 6,300 m²

Forchheim, GermanyHealthcare global HQ(office and development)Customer Healthcare SectorSpace 66,000 m²

Make

MakeMakeBuy

MakeBuy

June 2014


Construction projects worldwideIndustrial

Aalborg,DenmarkPlant expansionCustomer Energy SectorSpace 20,500 m²

Krefeld,GermanyLogistics center expansionCustomer Infrastructure and CitiesSpace 25,000 m²

Berlin, GermanyNew build, production hallsCustomer Energy SectorSpace 22,000 m²

Yizheng, ChinaNew build, motor production (M3factory)Customer Industry SectorSpace 87,000 m²

Khalif, Saudi ArabiaNew build, manufacturing facilityCustomer Energy SectorSpace 13,000 m²

St. Petersburg, RussiaNew build, manufacturing facility gasturbines, officeCustomer Energy SectorSpace 21,200 m²

Make Buy

MakeMakeMake

Make

June 2014


Optimization of resourcesMake or buy

Governance/Strategy

Execution

Make

Buy

• Clear allocation of responsibility

• One „Corporate Memory“ - global real estate expertise

• One Knowledge Hub for concept design, programming, budgeting

• Optimal use of resources allied with local market knowledge

• Rapid model prototyping run by experts

• Cost accuracy

• Contract strategy via selected partners

• Local resources focus on Project Management

• Local resources involvement from project start

• Local expertise ensured from project start

June 2014


Construction excellence

“Serial construction”&

Lean management,planning andconstruction

Approach

§ BlueprintsStandardized modular designToolbox§ Selected partners

§ Strategic procurement

§ Implementation concept

CAPEX 1) OPEX 2)

– 15 %

– 5 %

Time

– 20 %

Goals

1) Capital Expenditures for construction 2) Operational Expenditures p.a.

June 2014


Standard Office and Industrial Types

A advanced

Siemens HeadquartersRepresentative headquarters> 2.500 € / m²

B business

ForchheimPrimarily administrative functionsapprox. 1.400 € / m²

C compact

ChengduProduction & research-related officesapprox. 1.000 € / m²

Heavymachining

Electricalproducts Railways Wind powerMachining

OFFICE TYPES A, B, Cbased on market levels

FACTORY TYPES 1 – 5based on production process requirements

1 2 3 4 5

1) Investment costs (cost groups 300 + 400)

1) 1)1)

June 2014


New Headquarters Siemens Group, Munich

View “Altstadtring“2014 2015Kalenderjahre

View “Atrium“

Key DataSiemens HQ 2010 Siemens HQ 2016

Construction site

June 2014


Siemens Campus ErlangenInvestment volume of approx. 500 million €

Vorbereitung

Modul j - kModul l - nWohnen o

Option p

>> Projektvorbereitung: ab 2013>> Baubeginn: 2016

2013 2016 2022 2025

Modular development and realizationKey Data

Office space reduction and occupancy costs

as is new

-30%

Space reduction(m²)

new

-11%

Occupancy costs(€)

as is

2014 20152013 2030

Timeline

June 2014


“Inhouse project development meansbridging customer requirements withthe real estate market"

siemens real estate | dr. zsolt sluitner | 03.07.2014 ... · unrestricted © siemens ag 2014. all...

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