Real Estate Asset Management
March 2013
Real Estate Asset Management
Keyhighlights
1
Pan-European investment platform providing investors perfect access to the main European
real estate markets
2
Local specialized teams. 27 professionals across Europe. Offices in Frankfurt, Hamburg, London,
Luxembourg and Madrid
3
Full range of real estate products, asset classes and strategies
4
€ 758m in Assets under Management, in funds, club deals and separate accounts
5
Broad base of institutional and family investors
Private and confidential
2
Real Estate Asset Management
Value proposition for our clients
Client oriented
Taylor-made approach. Product
structuring to best adapt client needs.
Global capabilities with local focus
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
Commitment, independence &
partnership
7 partners with extensive real estate
experience and interests totally aligned
with the business to ensure independence
and high quality client services
Transparency
The N+1 Group and its subsidiaries are
supervised by the main regulators
Clear, transparent and comprehensive
relation and reporting with investors
Private and confidential
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Real Estate Asset Management
Our offering
Product / Strategy / Market Matrix
Product offering
 Funds
 Separate accounts
Full range of strategies
Core
Core +
 Moderate risk/moderate
return strategy
 Investment in core
 Club deals
properties (premium
locations), some of which
will require some form of
enhancement or valueadded element
 Medium-to-high
Main European real estate markets
Value Added
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
 Germany
 UK
 Spain
 High risk/high return strategy
Opportunistic
 The properties will require a
high degree of enhancement
Private and confidential
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Real Estate Asset Management
Our offering
An Integrated Pan-European Platform providing full Investment and Management Services
and covering the full Real Estate Investment Cycle
Asset Management
Operational Real Estate
Services
Management
 Planning, coordination and implementation of
 Design tailor-made investment strategies suitable for each
investor
letting activities
Letting
Management
 Proprietary deal-flow generation
 Lease negotiations and executions
 Planning, organization and implementation of
space deliveries and redemptions
 Tenant care
 Financing structuring
 Review and optimization of the property quality and use
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 Strategic positioning of assets and rent management
 Owner’s representative towards tenants,
 Design and implementation of value creation strategies
 Risk monitoring (industry and tenant mix)
Commercial
Management
Property
Management
 Clear, comprehensive and transparent Investor Reporting
Technical
Management
Optimizing conditions
Reporting to banks
Cash planning and monitoring
Insurance management
Cost controlling
authorities, suppliers
 Contract management
 Rent collection and monitoring (arrears)
 Accounting
 CapEx monitoring
 Tenant improvements
 Development of appropiate maintenance
concepts for building services
 Active cost management
 Quality management and technical property
inspections
Private and confidential
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Real Estate Asset Management
Strong track record
INVESTMENT TRACK RECORD
AUM BY INVESTMENT STRATEGY
Value Added
17,3%
€758m
AuM in real estate assets
Opportunistic
11,5%
24
investments done in the last 4 years
€535m
AuM Germany
17
Real estate assets managed in Germany
€223m
AuM UK
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Real estate assets managed in Central London
Private and confidential
1 As of 30.09.2012
Core / Core
Plus
71,2%
AUM BY COUNTRY
UK
29,5%
Germany
70,5%
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Real Estate Asset Management
Experienced local teams sourcing and executing investment opportunities
United Kingdom
 €223Mn of Assets under Management
Team: 7 professionals
 TRACK RECORD
– Investments in 8 properties since June
2010
London
Hamburg
–1 divestment in progress
Luxembourg
Frankfurt
Germany
 €535Mn of Assets under Management
 Team: 20 professionals
 TRACK RECORD
Madrid
– €550Mn invested in 18 properties
– 1 divestment (achieved IRR: 18%)
– 2 additional divestments in progress
Germany
Germany
Luxembourg
Spain
United Kingdom
Schaumainkai 69
D-60596 Frankfurt am Main
Alstertor 17
D-20095 Hamburg
13, Rue Aldringen
L-1118 Luxemburg
Padilla 17
28006 Madrid
Level 5
120 Moorgate
London EC2
Private and confidential
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Real Estate Asset Management
Private and confidential
Roman Klasen
Matthias Schreier
Wolfgang Schreier
Partner
Partner
Partner
is responsible for the areas of
Financing and Structuring. He
was previously with Credit
Suisse Real Estate Finance in
London.
is responsible for Portfolio
Control and Valuations. He
previously founded and coheaded the Real Estate
Consulting Department at
Credit Suisse.
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.
Linus Forsberg
Sam Resouly
Edmund Costello
Geoff Roberts
Partner
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.
Partner
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.
Linus has previously
worked for CBRE
Investors as a Director
and Principal, responsible
for transacting and asset
managing £300m of
assets.
Alexander
Rosinski
is responsible for
Lettings. Previously we
worked for Colliers
Simone Steiner
is responsible for
Property
Management. She is
Engineer and
Arquitect
Edmund was Head of
UK Property at Bank of
Ireland Private Banking,
where he transacted
more than £1.0 billion
worth of property
Philipp
Hübschmann
is responsible for
accounting within the
Property Management
department. He
previously worked at
Rödl & Partner.
Christoph Mösbauer
Other Staff
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.
Dusica Ilic
Martina Trinks
Simone Steiner
Ron Tesler
Arne Genauer
Silke Spallek
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.
Fund & Asset
Management
Fund
Management
Luxemburg
Property
Management
Asset
Management
UK
Asset
France
Management
Germany
Experienced and integrated team
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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Real Estate Asset Management
Disclaimer
“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.”
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