Satildeo Paulo Office Skyline Faria LimaDecember 2015

Satildeo Paulo

Total inventoryapproximately 139 million sqm

High-end stock (AA amp A)

43 million sqm

30 of totalinventory3Q 2015 Vacancy rate (AA ampA)

241 Satildeo Paulo average asking rentYoY variation

R$ 90Average asking rentYoY variation

-45

Population density7500inhab sqkm

Satildeo Paulo demographicsAverage income R$3500 per household month

Source JLL Research - Brazil October 2015

Sources SEADE IBGE PMSP

Population2014118 million inhabitants

R$ 443 billion GDP

5 million formal jobs positions

65 from services sector

Net absorption and vacancy evolutionSatildeo Paulo - class AA amp A stock

Satildeo Paulo - vacancy rate () Satildeo Paulo - Class AA amp A asking rent

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

303

154

238

98

224

140

22

302

105 105

335

273

105

226

98

221

136

00

268

87105

2222414

2130

0

5

10

15

20

25

30

35

40

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

Taxa de Vacacircncia () Taxa de Vacacircncia Ajustada () Meacutedia SP Meacutedia SPVacancy rate () Average vacancy rate ()Adjusted vacancy rate ()Average adjusted vacancy rate ()

Forecast

0

1000

2000

3000

4000

5000

6000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

1T20

15

2T20

15

3T20

15

4T20

15

2016

2017

Mil m

sup2

Histoacuterico Classe AA - Trimestral Histoacuterico Classe A - Trimestral New stock forecast4021 thousand sqm

Class AA Class AQ1

2015

Q2 20

15

Q3 20

15

Q4 20

15

Forecast

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

BERRINI e CHUCRI ZAIDAN

33

VILA OLIacuteMPIA18

ALPHAVILLE17

MARGINAL12

FARIA LIMA11

PAULISTA3

ITAIM3

BARRA FUNDA2 CENTRO

1

BERRINI e CHUCRI ZAIDAN

33

VILA OLIacuteMPIA18

ALPHAVILLE17

MARGINAL12

FARIA LIMA11

PAULISTA3

ITAIM3

BARRA FUNDA2 CENTRO

1

Buildings in Skyline represent 92 of total high-end stock (sqm) in the region

Skyline segmentation

Faria LimaBuildings in Skyline - Faria Lima

Gross absorption inFaria Lima since 2012 is280 thousand sqmrepresenting 18 of totalgross absorption in Satildeo Paulo

- Main CBD in Satildeo Paulo- Todayrsquos top choice in particular for financial institutions - Cityrsquos most valued business area- Region with excellent quality buildings 74 of the exsitingstock is AA class- Good volume of new high-end space 40 of the existing high-endstock has been delivered between 2012 and 2015

Faria Lima

Faria Lima main absorptions (2012-2015)

92100 of Class AA stock

68 of Class A stock

Class AA

Class A

Tuacutene

l Max

Fef

fer

Rua

Tucu

matilde

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Henrique Chamma

Aven

ida

Hor

aacutecio

Laf

er

Rua Professor Atiacutelio Innocenti

Financial

Financial

Construction Real Esta

te

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

Marginal Tietecirc

Marginal Pinheiros

Av Joatildeo Dias

Av JornalistaRoberto Marinho

RodoviaCastello Branco

Barra Funda

Marginal Norte Centro

Marginal Oeste Bairro

Marginal Oeste Centro

Centro

Paulista

Jardins

ItaimFaria Lima

Moema

Vila Oliacutempia

Berrini

Marginal Sul Bairro

Marginal Sul Centro

ChucriZaidan

Financial

Financial

Financial

Financial

Financial

Attorneys

Information Tecnology

Communication amp Grap

hics

Agro-business

Paulista

Faria Lima

Jardins

Av Joatildeo Dias

Av Jornalista Roberto Marinho

Marginal Pinheiros

Rod Castello Branco

Marginal Tietecirc

Marg Oeste Centro

N

Centro

Barra Funda

Marg Norte Centro

Marg Oeste Bairro

Itaim

Berrini

ChucriZaidan

Moema

Marg Sul Centro

Marg Sul Bairro

Vila Oliacutempia

Financial 4423

Attorneys 753

Construction Real Estate

688

IT 619

Agro-business 530

Food bevarage and tobbacco 501

Insurance 332

Others 2153

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua Angelina Maffei Vita

Rua

dos

Pin

heiro

s

Rua Tucumatilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alameda G

abriel Monteiro da Silva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Extension 48 km

Total area 135 sqkm These areas represent the sqkm of JLL mapped office regions

Faria Lima High-end 57 buildingsIn Skyline 42 buildings

Satildeo PauloFaria Lima

Amenities

bull 1 shopping center

bull + 3 shopping centers in the surroudings

bull Several restaurants bank branches and retail stores

bull Easy access to hotels in Vila Oliacutempia and Itaim regions

Public transportbull + 95 bus linesbull Subway Yellow Line - Faria Lima Stationbull Train Emerald Line (aprox 1 km distant) - Pinheiros Hebraica-Rebouccedilas and Cidade Jardim stationsbull Faria Lima bike path

Main access55 min to GRU airport20 min to Congonhas airport

Shopping Eldorado

Shopping Iguatemi

Shopping JK Iguatemi

Shopping Vila Oliacutempia

Estaccedilatildeo Vila Oliacutempia

Estaccedilatildeo Cidade Jardim

EstaccedilatildeoFaria Lima

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima OfficesR Car Arcoverde 2365

20145568 sqm464 sqm464 sqm

41624 sqm

290 sqm

TeoempRua Paes Leme SN

201512350 sqm

950 sqm950 sqm

10 sqm

012350 sqm

Trademark Faria LimaR Car Arcoverde 2811

20146064 sqm379 sqm379 sqm

106064 sqm

1000 sqm

Atrium Faria LimaRua Diogo Moreira 184

201311918 sqm

796 sqm1051 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre PedrosoAv Pedroso de Morais 1201

20016055 sqm865 sqm865 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre Faria LimaAv Brg Faria Lima 201

200414796 sqm

616 sqm616 sqm

22158 sqm

150 sqm

Faria Lima Square OfficesR Car Arcoverde 2450

20156369 sqm579 sqm579 sqm

116369 sqm

1000 sqm

Faria Lima

Alvino SlavieroAv Brig Faria Lima 1336

20135904 sqm492 sqm492 sqm

2984 sqm

17492 sqm

Skyline Faria Limahigh-end stock

575803 sqm

Satildeo Paulo high-endexisting office stock

4250 millions sqm

Last 12 monthsdelivered stock28825 sqm

New stock forecast2015-2016

14811 sqm

Satildeo Paulo - class AA amp A stock

Faria Lima high-endexisting stocks

628964 sqm

Berrini22

Vila Oliacutempia amp Itaim16

Faria Lima14

Paulista7

Secondary regions

26

Alternative regions

15

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

1 2

3

45

7

6

8

1 2 3 4 5 6 7 8

0

1000

2000

3000

4000

5000

6000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

1T20

15

2T20

15

3T20

15

4T20

15

2016

2017

Mil m

sup2

Histoacuterico Classe AA - Trimestral Histoacuterico Classe A - Trimestral New stock forecast4021 thousand sqm

Class AA Class A

Q1 20

15

Q2 20

15

Q3 20

15

Q4 20

15

Forecast

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

San PaoloAv BrigFaria Lima 2055

19998050 sqm399 sqm874 sqm

2399 sqm

50 sqm

MillenniumAv BrigFaria Lima 3015

20016106 sqm327 sqm706 sqm

2888 sqm

150 sqm

Plaza Satildeo LourenccediloAv Brig Faria Lima 1663

20099275 sqm419 sqm681 sqm

2543 sqm

60 sqm

Plaza IguatemiAv Brig Faria Lima 2277

200223355 sqm1110 sqm1155 sqm

43379 sqm

14555 sqm

Faria Lima

HSBC TowerAv Brig Faria Lima 3064

199419971 sqm1305 sqm1525 sqm

12789 sqm

141524 sqm

Seculum IIAv Brig Faria Lima SN

201813350 sqm1335 sqm1335 sqm

113350 sqm

1000 sqm

SeculumAv Brig Faria Lima 3144

200410720 sqm

816 sqm825 sqm

2413 sqm

40 sqm

Icon Faria LimaAv Brig Faria Lima 3311

200710148 sqm

741 sqm1065 sqm

23357 sqm

330 sqm

9

10

11

12

1314 15

16 221 of high-end stock is availableon Faria Lima

Skyline Faria Lima AA vacancy rate 236

Skyline Faria Lima Avacancy rate 196

Faria Lima high-endvacancy rate 227

Satildeo Paulo - vacancy rate ()

303

154

238

98

224

140

22

302

105 105

335

273

105

226

98

221

136

00

268

87105

2222414

2130

0

5

10

15

20

25

30

35

40

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

Taxa de Vacacircncia () Taxa de Vacacircncia Ajustada () Meacutedia SP Meacutedia SPVacancy rate () Average vacancy rate ()Adjusted vacancy rate ()Average adjusted vacancy rate ()

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

9 10 11 12 13 14 15 16

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

Paacutetio Victor MalzoniAv Brig Faria Lima 3439

2012 2012 201226953 sqm 14831 sqm 37698 sqm1004 sqm 1434 sqm 1480 sqm1897 sqm 1710 sqm 2246 sqm

1 1 117674 sqm 0 sqm 3590 sqm

66 0 109280 sqm 0 sqm 0 sqm

Torre A

Torre C

Torre B

Spazio Faria LimaR Iguatemi 151

201014435 sqm

577 sqm577 sqm

2289 sqm

20 sqm

Faria Lima Financial Center

Av Brig Faria Lima 34002002

26513 sqm1228 sqm2219 sqm

2612 sqm

20 sqm

Faria Lima 3500Av Brig Faria Lima 3500

201325565 sqm5113 sqm5113 sqm

10 sqm

00 sqm

Faria Lima SquareAv Brig Faria Lima 3600

200619890 sqm1771 sqm1825 sqm

24442 sqm

221808 sqm

Birmann 32Av Brig Faria Lima 3732

201851500 sqm2146 sqm2146 sqm

151500 sqm

1000 sqm

Birmann 29Av Brig Faria Lima 3729

199924460 sqm1631 sqm1631 sqm

13261 sqm

130 sqm

1819

20

2122

23

Skyline Faria Lima asking rent R$142 sqm month

Asking rentaverage remain stable QoQ

Asking rentaverage decreased 54 YoY

Class AA asking rentR$ 140 sqm month

Class A asking rentR$ 114 sqm month

Satildeo Paulo - Class AA amp A asking rent

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

17

17 18 19 20 21 22 23

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

BERRINI e CHUCRI ZAIDAN

33

VILA OLIacuteMPIA18

ALPHAVILLE17

MARGINAL12

FARIA LIMA11

PAULISTA3

ITAIM3

BARRA FUNDA2 CENTRO

1

BERRINI e CHUCRI ZAIDAN

33

VILA OLIacuteMPIA18

ALPHAVILLE17

MARGINAL12

FARIA LIMA11

PAULISTA3

ITAIM3

BARRA FUNDA2 CENTRO

1

Buildings in Skyline represent 92 of total high-end stock (sqm) in the region

Skyline segmentation

Faria LimaBuildings in Skyline - Faria Lima

Gross absorption inFaria Lima since 2012 is280 thousand sqmrepresenting 18 of totalgross absorption in Satildeo Paulo

- Main CBD in Satildeo Paulo- Todayrsquos top choice in particular for financial institutions - Cityrsquos most valued business area- Region with excellent quality buildings 74 of the exsitingstock is AA class- Good volume of new high-end space 40 of the existing high-endstock has been delivered between 2012 and 2015

Faria Lima

Faria Lima main absorptions (2012-2015)

92100 of Class AA stock

68 of Class A stock

Class AA

Class A

Tuacutene

l Max

Fef

fer

Rua

Tucu

matilde

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Henrique Chamma

Aven

ida

Hor

aacutecio

Laf

er

Rua Professor Atiacutelio Innocenti

Financial

Financial

Construction Real Esta

te

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

1507

2750

2325

1945

4072

0

10

20

30

40

50

60

70

80

90

100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

0-500 500-1000 1000-1500 1500-2000 2000-3000

Available AreaPre-Leased AreaOccupied AreaCumulative Available Area

Marginal Tietecirc

Marginal Pinheiros

Av Joatildeo Dias

Av JornalistaRoberto Marinho

RodoviaCastello Branco

Barra Funda

Marginal Norte Centro

Marginal Oeste Bairro

Marginal Oeste Centro

Centro

Paulista

Jardins

ItaimFaria Lima

Moema

Vila Oliacutempia

Berrini

Marginal Sul Bairro

Marginal Sul Centro

ChucriZaidan

Financial

Financial

Financial

Financial

Financial

Attorneys

Information Tecnology

Communication amp Grap

hics

Agro-business

Paulista

Faria Lima

Jardins

Av Joatildeo Dias

Av Jornalista Roberto Marinho

Marginal Pinheiros

Rod Castello Branco

Marginal Tietecirc

Marg Oeste Centro

N

Centro

Barra Funda

Marg Norte Centro

Marg Oeste Bairro

Itaim

Berrini

ChucriZaidan

Moema

Marg Sul Centro

Marg Sul Bairro

Vila Oliacutempia

Financial 4423

Attorneys 753

Construction Real Estate

688

IT 619

Agro-business 530

Food bevarage and tobbacco 501

Insurance 332

Others 2153

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua Angelina Maffei Vita

Rua

dos

Pin

heiro

s

Rua Tucumatilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alameda G

abriel Monteiro da Silva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Extension 48 km

Total area 135 sqkm These areas represent the sqkm of JLL mapped office regions

Faria Lima High-end 57 buildingsIn Skyline 42 buildings

Satildeo PauloFaria Lima

Amenities

bull 1 shopping center

bull + 3 shopping centers in the surroudings

bull Several restaurants bank branches and retail stores

bull Easy access to hotels in Vila Oliacutempia and Itaim regions

Public transportbull + 95 bus linesbull Subway Yellow Line - Faria Lima Stationbull Train Emerald Line (aprox 1 km distant) - Pinheiros Hebraica-Rebouccedilas and Cidade Jardim stationsbull Faria Lima bike path

Main access55 min to GRU airport20 min to Congonhas airport

Shopping Eldorado

Shopping Iguatemi

Shopping JK Iguatemi

Shopping Vila Oliacutempia

Estaccedilatildeo Vila Oliacutempia

Estaccedilatildeo Cidade Jardim

EstaccedilatildeoFaria Lima

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima OfficesR Car Arcoverde 2365

20145568 sqm464 sqm464 sqm

41624 sqm

290 sqm

TeoempRua Paes Leme SN

201512350 sqm

950 sqm950 sqm

10 sqm

012350 sqm

Trademark Faria LimaR Car Arcoverde 2811

20146064 sqm379 sqm379 sqm

106064 sqm

1000 sqm

Atrium Faria LimaRua Diogo Moreira 184

201311918 sqm

796 sqm1051 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre PedrosoAv Pedroso de Morais 1201

20016055 sqm865 sqm865 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre Faria LimaAv Brg Faria Lima 201

200414796 sqm

616 sqm616 sqm

22158 sqm

150 sqm

Faria Lima Square OfficesR Car Arcoverde 2450

20156369 sqm579 sqm579 sqm

116369 sqm

1000 sqm

Faria Lima

Alvino SlavieroAv Brig Faria Lima 1336

20135904 sqm492 sqm492 sqm

2984 sqm

17492 sqm

Skyline Faria Limahigh-end stock

575803 sqm

Satildeo Paulo high-endexisting office stock

4250 millions sqm

Last 12 monthsdelivered stock28825 sqm

New stock forecast2015-2016

14811 sqm

Satildeo Paulo - class AA amp A stock

Faria Lima high-endexisting stocks

628964 sqm

Berrini22

Vila Oliacutempia amp Itaim16

Faria Lima14

Paulista7

Secondary regions

26

Alternative regions

15

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

1 2

3

45

7

6

8

1 2 3 4 5 6 7 8

0

1000

2000

3000

4000

5000

6000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

1T20

15

2T20

15

3T20

15

4T20

15

2016

2017

Mil m

sup2

Histoacuterico Classe AA - Trimestral Histoacuterico Classe A - Trimestral New stock forecast4021 thousand sqm

Class AA Class A

Q1 20

15

Q2 20

15

Q3 20

15

Q4 20

15

Forecast

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

San PaoloAv BrigFaria Lima 2055

19998050 sqm399 sqm874 sqm

2399 sqm

50 sqm

MillenniumAv BrigFaria Lima 3015

20016106 sqm327 sqm706 sqm

2888 sqm

150 sqm

Plaza Satildeo LourenccediloAv Brig Faria Lima 1663

20099275 sqm419 sqm681 sqm

2543 sqm

60 sqm

Plaza IguatemiAv Brig Faria Lima 2277

200223355 sqm1110 sqm1155 sqm

43379 sqm

14555 sqm

Faria Lima

HSBC TowerAv Brig Faria Lima 3064

199419971 sqm1305 sqm1525 sqm

12789 sqm

141524 sqm

Seculum IIAv Brig Faria Lima SN

201813350 sqm1335 sqm1335 sqm

113350 sqm

1000 sqm

SeculumAv Brig Faria Lima 3144

200410720 sqm

816 sqm825 sqm

2413 sqm

40 sqm

Icon Faria LimaAv Brig Faria Lima 3311

200710148 sqm

741 sqm1065 sqm

23357 sqm

330 sqm

9

10

11

12

1314 15

16 221 of high-end stock is availableon Faria Lima

Skyline Faria Lima AA vacancy rate 236

Skyline Faria Lima Avacancy rate 196

Faria Lima high-endvacancy rate 227

Satildeo Paulo - vacancy rate ()

303

154

238

98

224

140

22

302

105 105

335

273

105

226

98

221

136

00

268

87105

2222414

2130

0

5

10

15

20

25

30

35

40

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

Taxa de Vacacircncia () Taxa de Vacacircncia Ajustada () Meacutedia SP Meacutedia SPVacancy rate () Average vacancy rate ()Adjusted vacancy rate ()Average adjusted vacancy rate ()

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

9 10 11 12 13 14 15 16

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

Paacutetio Victor MalzoniAv Brig Faria Lima 3439

2012 2012 201226953 sqm 14831 sqm 37698 sqm1004 sqm 1434 sqm 1480 sqm1897 sqm 1710 sqm 2246 sqm

1 1 117674 sqm 0 sqm 3590 sqm

66 0 109280 sqm 0 sqm 0 sqm

Torre A

Torre C

Torre B

Spazio Faria LimaR Iguatemi 151

201014435 sqm

577 sqm577 sqm

2289 sqm

20 sqm

Faria Lima Financial Center

Av Brig Faria Lima 34002002

26513 sqm1228 sqm2219 sqm

2612 sqm

20 sqm

Faria Lima 3500Av Brig Faria Lima 3500

201325565 sqm5113 sqm5113 sqm

10 sqm

00 sqm

Faria Lima SquareAv Brig Faria Lima 3600

200619890 sqm1771 sqm1825 sqm

24442 sqm

221808 sqm

Birmann 32Av Brig Faria Lima 3732

201851500 sqm2146 sqm2146 sqm

151500 sqm

1000 sqm

Birmann 29Av Brig Faria Lima 3729

199924460 sqm1631 sqm1631 sqm

13261 sqm

130 sqm

1819

20

2122

23

Skyline Faria Lima asking rent R$142 sqm month

Asking rentaverage remain stable QoQ

Asking rentaverage decreased 54 YoY

Class AA asking rentR$ 140 sqm month

Class A asking rentR$ 114 sqm month

Satildeo Paulo - Class AA amp A asking rent

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

17

17 18 19 20 21 22 23

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua Angelina Maffei Vita

Rua

dos

Pin

heiro

s

Rua Tucumatilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alameda G

abriel Monteiro da Silva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Extension 48 km

Total area 135 sqkm These areas represent the sqkm of JLL mapped office regions

Faria Lima High-end 57 buildingsIn Skyline 42 buildings

Satildeo PauloFaria Lima

Amenities

bull 1 shopping center

bull + 3 shopping centers in the surroudings

bull Several restaurants bank branches and retail stores

bull Easy access to hotels in Vila Oliacutempia and Itaim regions

Public transportbull + 95 bus linesbull Subway Yellow Line - Faria Lima Stationbull Train Emerald Line (aprox 1 km distant) - Pinheiros Hebraica-Rebouccedilas and Cidade Jardim stationsbull Faria Lima bike path

Main access55 min to GRU airport20 min to Congonhas airport

Shopping Eldorado

Shopping Iguatemi

Shopping JK Iguatemi

Shopping Vila Oliacutempia

Estaccedilatildeo Vila Oliacutempia

Estaccedilatildeo Cidade Jardim

EstaccedilatildeoFaria Lima

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima OfficesR Car Arcoverde 2365

20145568 sqm464 sqm464 sqm

41624 sqm

290 sqm

TeoempRua Paes Leme SN

201512350 sqm

950 sqm950 sqm

10 sqm

012350 sqm

Trademark Faria LimaR Car Arcoverde 2811

20146064 sqm379 sqm379 sqm

106064 sqm

1000 sqm

Atrium Faria LimaRua Diogo Moreira 184

201311918 sqm

796 sqm1051 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre PedrosoAv Pedroso de Morais 1201

20016055 sqm865 sqm865 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre Faria LimaAv Brg Faria Lima 201

200414796 sqm

616 sqm616 sqm

22158 sqm

150 sqm

Faria Lima Square OfficesR Car Arcoverde 2450

20156369 sqm579 sqm579 sqm

116369 sqm

1000 sqm

Faria Lima

Alvino SlavieroAv Brig Faria Lima 1336

20135904 sqm492 sqm492 sqm

2984 sqm

17492 sqm

Skyline Faria Limahigh-end stock

575803 sqm

Satildeo Paulo high-endexisting office stock

4250 millions sqm

Last 12 monthsdelivered stock28825 sqm

New stock forecast2015-2016

14811 sqm

Satildeo Paulo - class AA amp A stock

Faria Lima high-endexisting stocks

628964 sqm

Berrini22

Vila Oliacutempia amp Itaim16

Faria Lima14

Paulista7

Secondary regions

26

Alternative regions

15

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

1 2

3

45

7

6

8

1 2 3 4 5 6 7 8

0

1000

2000

3000

4000

5000

6000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

1T20

15

2T20

15

3T20

15

4T20

15

2016

2017

Mil m

sup2

Histoacuterico Classe AA - Trimestral Histoacuterico Classe A - Trimestral New stock forecast4021 thousand sqm

Class AA Class A

Q1 20

15

Q2 20

15

Q3 20

15

Q4 20

15

Forecast

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

San PaoloAv BrigFaria Lima 2055

19998050 sqm399 sqm874 sqm

2399 sqm

50 sqm

MillenniumAv BrigFaria Lima 3015

20016106 sqm327 sqm706 sqm

2888 sqm

150 sqm

Plaza Satildeo LourenccediloAv Brig Faria Lima 1663

20099275 sqm419 sqm681 sqm

2543 sqm

60 sqm

Plaza IguatemiAv Brig Faria Lima 2277

200223355 sqm1110 sqm1155 sqm

43379 sqm

14555 sqm

Faria Lima

HSBC TowerAv Brig Faria Lima 3064

199419971 sqm1305 sqm1525 sqm

12789 sqm

141524 sqm

Seculum IIAv Brig Faria Lima SN

201813350 sqm1335 sqm1335 sqm

113350 sqm

1000 sqm

SeculumAv Brig Faria Lima 3144

200410720 sqm

816 sqm825 sqm

2413 sqm

40 sqm

Icon Faria LimaAv Brig Faria Lima 3311

200710148 sqm

741 sqm1065 sqm

23357 sqm

330 sqm

9

10

11

12

1314 15

16 221 of high-end stock is availableon Faria Lima

Skyline Faria Lima AA vacancy rate 236

Skyline Faria Lima Avacancy rate 196

Faria Lima high-endvacancy rate 227

Satildeo Paulo - vacancy rate ()

303

154

238

98

224

140

22

302

105 105

335

273

105

226

98

221

136

00

268

87105

2222414

2130

0

5

10

15

20

25

30

35

40

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

Taxa de Vacacircncia () Taxa de Vacacircncia Ajustada () Meacutedia SP Meacutedia SPVacancy rate () Average vacancy rate ()Adjusted vacancy rate ()Average adjusted vacancy rate ()

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

9 10 11 12 13 14 15 16

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

Paacutetio Victor MalzoniAv Brig Faria Lima 3439

2012 2012 201226953 sqm 14831 sqm 37698 sqm1004 sqm 1434 sqm 1480 sqm1897 sqm 1710 sqm 2246 sqm

1 1 117674 sqm 0 sqm 3590 sqm

66 0 109280 sqm 0 sqm 0 sqm

Torre A

Torre C

Torre B

Spazio Faria LimaR Iguatemi 151

201014435 sqm

577 sqm577 sqm

2289 sqm

20 sqm

Faria Lima Financial Center

Av Brig Faria Lima 34002002

26513 sqm1228 sqm2219 sqm

2612 sqm

20 sqm

Faria Lima 3500Av Brig Faria Lima 3500

201325565 sqm5113 sqm5113 sqm

10 sqm

00 sqm

Faria Lima SquareAv Brig Faria Lima 3600

200619890 sqm1771 sqm1825 sqm

24442 sqm

221808 sqm

Birmann 32Av Brig Faria Lima 3732

201851500 sqm2146 sqm2146 sqm

151500 sqm

1000 sqm

Birmann 29Av Brig Faria Lima 3729

199924460 sqm1631 sqm1631 sqm

13261 sqm

130 sqm

1819

20

2122

23

Skyline Faria Lima asking rent R$142 sqm month

Asking rentaverage remain stable QoQ

Asking rentaverage decreased 54 YoY

Class AA asking rentR$ 140 sqm month

Class A asking rentR$ 114 sqm month

Satildeo Paulo - Class AA amp A asking rent

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

17

17 18 19 20 21 22 23

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua Artur de Azevedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua Cardeal Arcoverde

Rua Teodoro Sampaio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Avenida Rebouccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima OfficesR Car Arcoverde 2365

20145568 sqm464 sqm464 sqm

41624 sqm

290 sqm

TeoempRua Paes Leme SN

201512350 sqm

950 sqm950 sqm

10 sqm

012350 sqm

Trademark Faria LimaR Car Arcoverde 2811

20146064 sqm379 sqm379 sqm

106064 sqm

1000 sqm

Atrium Faria LimaRua Diogo Moreira 184

201311918 sqm

796 sqm1051 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre PedrosoAv Pedroso de Morais 1201

20016055 sqm865 sqm865 sqm

20 sqm

00 sqm

Ohtake Cultural - Torre Faria LimaAv Brg Faria Lima 201

200414796 sqm

616 sqm616 sqm

22158 sqm

150 sqm

Faria Lima Square OfficesR Car Arcoverde 2450

20156369 sqm579 sqm579 sqm

116369 sqm

1000 sqm

Faria Lima

Alvino SlavieroAv Brig Faria Lima 1336

20135904 sqm492 sqm492 sqm

2984 sqm

17492 sqm

Skyline Faria Limahigh-end stock

575803 sqm

Satildeo Paulo high-endexisting office stock

4250 millions sqm

Last 12 monthsdelivered stock28825 sqm

New stock forecast2015-2016

14811 sqm

Satildeo Paulo - class AA amp A stock

Faria Lima high-endexisting stocks

628964 sqm

Berrini22

Vila Oliacutempia amp Itaim16

Faria Lima14

Paulista7

Secondary regions

26

Alternative regions

15

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

1 2

3

45

7

6

8

1 2 3 4 5 6 7 8

0

1000

2000

3000

4000

5000

6000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

1T20

15

2T20

15

3T20

15

4T20

15

2016

2017

Mil m

sup2

Histoacuterico Classe AA - Trimestral Histoacuterico Classe A - Trimestral New stock forecast4021 thousand sqm

Class AA Class A

Q1 20

15

Q2 20

15

Q3 20

15

Q4 20

15

Forecast

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

San PaoloAv BrigFaria Lima 2055

19998050 sqm399 sqm874 sqm

2399 sqm

50 sqm

MillenniumAv BrigFaria Lima 3015

20016106 sqm327 sqm706 sqm

2888 sqm

150 sqm

Plaza Satildeo LourenccediloAv Brig Faria Lima 1663

20099275 sqm419 sqm681 sqm

2543 sqm

60 sqm

Plaza IguatemiAv Brig Faria Lima 2277

200223355 sqm1110 sqm1155 sqm

43379 sqm

14555 sqm

Faria Lima

HSBC TowerAv Brig Faria Lima 3064

199419971 sqm1305 sqm1525 sqm

12789 sqm

141524 sqm

Seculum IIAv Brig Faria Lima SN

201813350 sqm1335 sqm1335 sqm

113350 sqm

1000 sqm

SeculumAv Brig Faria Lima 3144

200410720 sqm

816 sqm825 sqm

2413 sqm

40 sqm

Icon Faria LimaAv Brig Faria Lima 3311

200710148 sqm

741 sqm1065 sqm

23357 sqm

330 sqm

9

10

11

12

1314 15

16 221 of high-end stock is availableon Faria Lima

Skyline Faria Lima AA vacancy rate 236

Skyline Faria Lima Avacancy rate 196

Faria Lima high-endvacancy rate 227

Satildeo Paulo - vacancy rate ()

303

154

238

98

224

140

22

302

105 105

335

273

105

226

98

221

136

00

268

87105

2222414

2130

0

5

10

15

20

25

30

35

40

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

Taxa de Vacacircncia () Taxa de Vacacircncia Ajustada () Meacutedia SP Meacutedia SPVacancy rate () Average vacancy rate ()Adjusted vacancy rate ()Average adjusted vacancy rate ()

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

9 10 11 12 13 14 15 16

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

Paacutetio Victor MalzoniAv Brig Faria Lima 3439

2012 2012 201226953 sqm 14831 sqm 37698 sqm1004 sqm 1434 sqm 1480 sqm1897 sqm 1710 sqm 2246 sqm

1 1 117674 sqm 0 sqm 3590 sqm

66 0 109280 sqm 0 sqm 0 sqm

Torre A

Torre C

Torre B

Spazio Faria LimaR Iguatemi 151

201014435 sqm

577 sqm577 sqm

2289 sqm

20 sqm

Faria Lima Financial Center

Av Brig Faria Lima 34002002

26513 sqm1228 sqm2219 sqm

2612 sqm

20 sqm

Faria Lima 3500Av Brig Faria Lima 3500

201325565 sqm5113 sqm5113 sqm

10 sqm

00 sqm

Faria Lima SquareAv Brig Faria Lima 3600

200619890 sqm1771 sqm1825 sqm

24442 sqm

221808 sqm

Birmann 32Av Brig Faria Lima 3732

201851500 sqm2146 sqm2146 sqm

151500 sqm

1000 sqm

Birmann 29Av Brig Faria Lima 3729

199924460 sqm1631 sqm1631 sqm

13261 sqm

130 sqm

1819

20

2122

23

Skyline Faria Lima asking rent R$142 sqm month

Asking rentaverage remain stable QoQ

Asking rentaverage decreased 54 YoY

Class AA asking rentR$ 140 sqm month

Class A asking rentR$ 114 sqm month

Satildeo Paulo - Class AA amp A asking rent

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

17

17 18 19 20 21 22 23

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Tuacutene

l Max

Fef

fer

Tuacutenel Jornalista Fernando Vieira de Melo

Avenida Cidade Jardim

Avenida Europa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

San PaoloAv BrigFaria Lima 2055

19998050 sqm399 sqm874 sqm

2399 sqm

50 sqm

MillenniumAv BrigFaria Lima 3015

20016106 sqm327 sqm706 sqm

2888 sqm

150 sqm

Plaza Satildeo LourenccediloAv Brig Faria Lima 1663

20099275 sqm419 sqm681 sqm

2543 sqm

60 sqm

Plaza IguatemiAv Brig Faria Lima 2277

200223355 sqm1110 sqm1155 sqm

43379 sqm

14555 sqm

Faria Lima

HSBC TowerAv Brig Faria Lima 3064

199419971 sqm1305 sqm1525 sqm

12789 sqm

141524 sqm

Seculum IIAv Brig Faria Lima SN

201813350 sqm1335 sqm1335 sqm

113350 sqm

1000 sqm

SeculumAv Brig Faria Lima 3144

200410720 sqm

816 sqm825 sqm

2413 sqm

40 sqm

Icon Faria LimaAv Brig Faria Lima 3311

200710148 sqm

741 sqm1065 sqm

23357 sqm

330 sqm

9

10

11

12

1314 15

16 221 of high-end stock is availableon Faria Lima

Skyline Faria Lima AA vacancy rate 236

Skyline Faria Lima Avacancy rate 196

Faria Lima high-endvacancy rate 227

Satildeo Paulo - vacancy rate ()

303

154

238

98

224

140

22

302

105 105

335

273

105

226

98

221

136

00

268

87105

2222414

2130

0

5

10

15

20

25

30

35

40

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM JARDINS MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

Taxa de Vacacircncia () Taxa de Vacacircncia Ajustada () Meacutedia SP Meacutedia SPVacancy rate () Average vacancy rate ()Adjusted vacancy rate ()Average adjusted vacancy rate ()

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

9 10 11 12 13 14 15 16

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

Paacutetio Victor MalzoniAv Brig Faria Lima 3439

2012 2012 201226953 sqm 14831 sqm 37698 sqm1004 sqm 1434 sqm 1480 sqm1897 sqm 1710 sqm 2246 sqm

1 1 117674 sqm 0 sqm 3590 sqm

66 0 109280 sqm 0 sqm 0 sqm

Torre A

Torre C

Torre B

Spazio Faria LimaR Iguatemi 151

201014435 sqm

577 sqm577 sqm

2289 sqm

20 sqm

Faria Lima Financial Center

Av Brig Faria Lima 34002002

26513 sqm1228 sqm2219 sqm

2612 sqm

20 sqm

Faria Lima 3500Av Brig Faria Lima 3500

201325565 sqm5113 sqm5113 sqm

10 sqm

00 sqm

Faria Lima SquareAv Brig Faria Lima 3600

200619890 sqm1771 sqm1825 sqm

24442 sqm

221808 sqm

Birmann 32Av Brig Faria Lima 3732

201851500 sqm2146 sqm2146 sqm

151500 sqm

1000 sqm

Birmann 29Av Brig Faria Lima 3729

199924460 sqm1631 sqm1631 sqm

13261 sqm

130 sqm

1819

20

2122

23

Skyline Faria Lima asking rent R$142 sqm month

Asking rentaverage remain stable QoQ

Asking rentaverage decreased 54 YoY

Class AA asking rentR$ 140 sqm month

Class A asking rentR$ 114 sqm month

Satildeo Paulo - Class AA amp A asking rent

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

17

17 18 19 20 21 22 23

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenida Cidade Jardim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

Paacutetio Victor MalzoniAv Brig Faria Lima 3439

2012 2012 201226953 sqm 14831 sqm 37698 sqm1004 sqm 1434 sqm 1480 sqm1897 sqm 1710 sqm 2246 sqm

1 1 117674 sqm 0 sqm 3590 sqm

66 0 109280 sqm 0 sqm 0 sqm

Torre A

Torre C

Torre B

Spazio Faria LimaR Iguatemi 151

201014435 sqm

577 sqm577 sqm

2289 sqm

20 sqm

Faria Lima Financial Center

Av Brig Faria Lima 34002002

26513 sqm1228 sqm2219 sqm

2612 sqm

20 sqm

Faria Lima 3500Av Brig Faria Lima 3500

201325565 sqm5113 sqm5113 sqm

10 sqm

00 sqm

Faria Lima SquareAv Brig Faria Lima 3600

200619890 sqm1771 sqm1825 sqm

24442 sqm

221808 sqm

Birmann 32Av Brig Faria Lima 3732

201851500 sqm2146 sqm2146 sqm

151500 sqm

1000 sqm

Birmann 29Av Brig Faria Lima 3729

199924460 sqm1631 sqm1631 sqm

13261 sqm

130 sqm

1819

20

2122

23

Skyline Faria Lima asking rent R$142 sqm month

Asking rentaverage remain stable QoQ

Asking rentaverage decreased 54 YoY

Class AA asking rentR$ 140 sqm month

Class A asking rentR$ 114 sqm month

Satildeo Paulo - Class AA amp A asking rent

R$20

R$40

R$60

R$80

R$100

R$120

R$140

R$160

R$180

R$200

ALPHAVILLE BARRA FUNDA BERRINI eCHUCRIZAIDAN

CENTRO FARIA LIMA ITAIM MARGINAL MOEMA PAULISTA VILA OLIacuteMPIA

R$ s

qm m

onth

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

17

17 18 19 20 21 22 23

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Lead Offices Faria LimaRua Prof Atiacutelio Innocenti 474

20156390 sqm349 sqm658 sqm

126390 sqm

1000 sqm

Vista Faria LimaR Prof A Innocenti 165

201516475 sqm

963 sqm974 sqm

216475 sqm

1000 sqm

Faria LimaOccupied floor Vacant floor Pre-leased or

unavailableFuture available under construction

Retail Parking other unusable space

New CenturyR Leopoldo C M Jr 758

200217470 sqm

919 sqm999 sqm

21500 sqm

90 sqm

Infinity TowerR Leopoldo C M Jr 700

201234912 sqm1814 sqm2019 sqm

20 sqm

00 sqm

Pedro MarizAv Brig Faria Lima 3900

200323539 sqm

991 sqm1718 sqm

26416 sqm

270 sqm

Maria Ceciacutelia Lara Campos

Av Pres J Kubitschek 14002003

12072 sqm1006 sqm1006 sqm

23538 sqm

290 sqm

U UUU U

JK 1455Av Pres J Kubitschek 1455

200824258 sqm1865 sqm1865 sqm

22091 sqm

90 sqm

International Plaza IIAv Pres J Kubitschek 1327

201017320 sqm

787 sqm787 sqm

11575 sqm

90 sqm

International PlazaAv Pres J Kubitschek 1327

201017080 sqm1220 sqm1220 sqm

40 sqm

00 sqm

26

27

28 29

30

31

3225

24 Skyline Faria Lima new stock to be delivered between 2015 and 2016represents 23 of current stock

Class AA new stock forecast 14811 sqm

Class A new stock forecast 0 sqm

Satildeo Paulo - current stock and new stock forecast

20162015Total Stock

1542

1215

2491402

757

7453273

1242

000 000000

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

BERRINI eCHUCRIZAIDAN

MARGINAL FARIA LIMA VILA OLIacuteMPIA ALPHAVILLE PAULISTA BARRAFUNDA

ITAIM CENTRO JARDINS MOEMA

24 25 26 27 28 29 30 31 32

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Tuacutene

l Max

Fef

fer

Tuacutene

l Jor

nalis

ta F

erna

ndo

Viei

ra d

e M

elo

Avenid

a Cida

de Ja

rdim

Avenid

a Euro

pa

Rua

Ange

lina

Maf

fei V

ita

Rua

dos

Pin

heiro

s

Rua

Tucu

matilde

Aven

ida

Pedr

oso

de M

orai

s

Avenida Brigadeiro

Faria Lima

Avenida Marginal Pinheiros

Avenid

a Prof

esso

r Fred

erico

Herm

an Juacute

nior

SP-0

15

Avenida Marginal Pinheiros

Aven

ida R

ebou

ccedilas

Pont

e Eu

seacutebi

o M

atos

o

Avenida Magalhatildees de Castro

Rua Butantatilde

Rua Eugecircnio de Medeiros

Rua

Paes

Lem

e

Pont

e Be

rnar

do G

oldfa

rbAv

enid

a Eu

seacutebi

o M

atos

o

Rua A

rtur d

e Aze

vedo

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Card

eal A

rcov

erde

Rua

Teod

oro

Sam

paio

Rua

Sum

idou

ro

Avenida Pedroso de Morais

SP-0

15

Avenida Lineu de Paula Machado

Avenida Marginal Pinheiros

Aven

ida

Rebo

uccedilas

Alam

eda

Gab

riel M

onte

iro d

a Si

lva

Rua

Greacute

cia

Avenida Brigadeiro Faria Lima

SP-0

15

Aven

ida

Nov

e de

Jul

ho

Avenid

a Cida

de Ja

rdim

Avenida Brigadeiro Faria Lima

Pon

te C

idad

e Ja

rdim

Aven

ida

dos

Taju

raacutes

Rua

Joa

quim

Flo

riano

Rua

Tab

apuatilde

SP-0

15

Aven

ida d

os B

ande

irant

es

Avenida Marginal Pinheiros

Marginal Pinheiros local

Aven

ida

Pres

iden

te J

usce

lino

Kubi

tsch

ek

Avenida Naccedilotildees Unidas

Avenida Henrique Chamma

Rua Funchal

Rua

Olim

piacutead

asRu

a G

omes

de

Carv

alho

Rua

Fian

deira

s

Aven

ida

Hor

aacutecio

Laf

er

Rua

Min

istro

Jes

uiacuteno

Car

doso

Rua

Peq

uetit

a

Rua

San

ta J

ustin

aRu

a Ca

sa d

o At

or

Rua

Nig

eacuteria

Rua

Elv

ira F

erra

z

Rua Ramos Batista

Rua

Sene

gam

bia

Rua

Satildeo

Tom

eacuteRua

Fun

chal

Aven

ida

Dout

or C

ardo

so d

e M

elo

Rua Professor Atiacutelio Innocenti

Satildeo Paulo

BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Suites per floorAvailable AreaAvailability RatePre-leased Area

10

20

30

1T

40

35

25

5

15

Faria Lima

FL 4300 OfficeAv Brig Faria Lima 4300

201410719 sqm

974 sqm974 sqm

1610069 sqm

940 sqm

Faria Lima 4440Av Brig Faria Lima 4440

201122112 sqm1161 sqm2213 sqm

11183 sqm

5592 sqm

Faria Lima CorporateAv Brig Faria Lima 4509

201614811 sqm1169 sqm1343 sqm

414811 sqm

1000 sqm

FL 4300 CorporateAv Brig Faria Lima 4300

201316895 sqm

687 sqm1307 sqm

11185 sqm

73825 sqm

Miss SilviaAv Brig Faria Lima SN

201718125 sqm1394 sqm1394 sqm

218125 sqm

1000 sqm

The One - Faria LimaR Min J Cardoso 454

201213632 sqm1325 sqm2253 sqm

4721 sqm

50 sqm

Praccedila Faria LimaAv Brig Faria Lima 4221

201417346 sqm

400 sqm1545 sqm

22646 sqm

151062 sqm

Ed Vera Cruz IIAv Brig Faria Lima 4285

201519806 sqm1800 sqm1800 sqm

216200 sqm

820 sqm

33

34

3536

37

38

39

40

Last 12 months delivered stock 28825 sqm It represents 86 of Satildeo Paulorsquos delivered stock of the same period

It representing 27 of Satildeo Paulorsquos net absorportion of the same period

Last 12 months net absorptions 23600 sqm

Faria Lima AAamp A buildings Net absorption and vacancy evolution

12

10

12 11

7

11

18

22

24

21

13

10

7

9

6

9

16

18

23

25

0

5

10

15

20

25

30

-100

0

100

200

300

400

500

Thou

sand

sqm

Novo Estoque Absorccedilatildeo Liacutequida Taxa de vacacircncia () ProjectionNew supply Net absorption Vacancy rate Forecast

Occupied floor Vacant floor Pre-leased orunavailable

Future available under construction

Retail Parking other unusable space

33 34 35 36 37 38 39 40

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients

Alessandra OsiroOperations Director

About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom

COPYRIGHT copy JONES LANG LASALLE IP INC 2015 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL

ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between June and December 2015 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 11 3043 6898

About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr

Andreacute RosaManaging Director

Marcelo Sasaki+55 11 3043 6897marcelosasakiamjllcom

Monica Lee+55 11 3043 6947monicaleeamjllcom

Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom

Roberto Patino+55 11 3043 7140robertopatinoamjllcom

Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom

Ricardo HirataHead of Research

Client SolutionsSatildeo Paulo

TransactionsOffice Division

Julia BotelhoOffice Division Leader

Market IntelligenceSatildeo PauloRio de Janeiro

Global Clients