Deka Immobilien. Global Real Estate Investments.Integrated Real Estate Expertise.

Deka Immobilien GmbH www.deka-immobilien.de

Trianon, DekaBank headquarters, Frankfurt, Germany

The Deka Group 3

Real Estate Asset Management business division 7

Corporate governance and sustainability 9

Product solutions and services for investors 11

Acquisitions and Sales 19

Real Estate Management 23

Real Estate Lending 27

Contents.

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The Deka Group. The Wertpapierhaus of the German Savings Banks.

DekaBank is the Wertpapierhaus (securities service provider) of the German Savings Banks. Together with its subsidiaries, it forms the Deka Group. As a central provider, Deka combines expertise as an asset manager, lender, issuer, structurer, liquidity hub, clearing partner and custody bank. With total assets of around EUR 257 billion (as at December 2016) and around 4.3 million managed securities accounts, the Deka Group ranks among Germanys major securities service providers.

Firmly anchored in the worlds largest financial alliance.

Deka Immobilien is the specialist for real estate investments in the Deka Group. Firmly anchored in the worlds largest financial alliance, the German Savings Banks Finance Group (Sparkassen- Finanzgruppe), Deka Immobilien provides a wide range of real estate-based investment products and services, supplemented by credit funds that invest in real estate, infrastructure and transport. The Real Estate Asset Management (AMI) business division manages total customer assets (as at June 2017) of around EUR33.7 billion.

One of Germanys top 3 asset managers.

Expertise.

Solid background.

EUR 257 billion by total assets.

Around 4,500

EUR 2.8trillion

people are employed by the Deka Group.

Business volume of the German Savings Banks Finance Group.

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Global Real Estate Investments. A brief summary.

Real estate fund business. Real estate lending business.

Fund Management. Mutual funds. Institutional funds. Club deals. Funds of funds. Debt funds.

Acquisitions and Sales. Real Estate Management. Risk, Finance and Organisation.

Real Estate Lending. Customised and creative

financing solutions.

Total customer assets of around EUR 33.7 billion. 26 funds for private and institutional investors. Transaction volume in 2016 of around EUR 4.3 billion. EUR 2.5 billion net inflows in 2016. Over 480 buildings in 26 countries on 5 continents. Around 550 employees at 12 locations worldwide.

Over EUR 6 billion in loans. Between EUR 3 and 4 billion in new

business arranged per year. More than EUR 1 billion in syndications

per year. Around 50 employees at 5 locations

worldwide.

Source: DekaBank, Deka Immobilien GmbH As at 30 June 2017

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The Real Estate Asset Management business division is mainly comprised of two investment management companies Deka Immobilien Investment GmbH and WestInvest Gesellschaft fr Investmentfonds mbH and the service company Deka Immo-bilien GmbH.

The DekaBank Real Estate Lending unit is responsible for com-mercial real estate lending, which is available exclusively to insti-tutional real estate investors in selected markets and categories of real estate.

With a total of around 600 professionals, we concentrate on office, retail, logistics and hotel properties. We work closely with our real estate investment fund and financing partners by, for example, sharing representive offices in major markets, whilst maintaining the highest standards of confidentiality.

Fund Management.

The two investment management companies concentrate on active portfolio and fund management. We offer investors access to global investments through our real estate funds. In addition, the Luxembourg management company Deka Immobilien Luxembourg S.A. and Deka Investors InvAG provide further reliable platforms for new product development.

Acquisitions and Sales. Real Estate Management.

Deka Immobilien GmbH is responsible for all real estate acqui-sitions, sales, leasing, management and all other real estate services. Active asset management is used to implement the investment strategies of all the real estate funds in selected growth markets.

Risk, Finance and Organisation.

The Risk, Finance and Organisation unit is responsible for risk management and risk controlling at the fund and company level, and for further development and maintenance of processes and systems, while ensuring organisational separation of risk man-agement and portfolio management. The unit also assists and monitors compliance with standards for good and responsible corporate governance and sustainability. Within Deka Immobilien GmbH, the unit is also responsible for fund tax and finance aspects and all fund accounting for real estate investment funds.

Integrated Real Estate Expertise. As our partner, you can set the highest standards.

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As a global player with local expertise, Deka Immobilien is one of Europes top names and has established itself among the leaders as measured by assets under management. Deka Immobilien aims to strengthen its position as one of Europes five largest real estate asset managers, adopting an approach that focuses on quality and stability.

Real estate experience developed over more than 50 years.

Founded in 1966, Deka Immobilien has developed its international real estate experience over many years. Regionally specialised investment and asset management teams ensure a high penetration of each real estate market. The directly managed real estate assets comprise over 480 properties with leasable space of around 8.7 million sqm spread over 26 countries on 5 continents. We concen-trate on office, retail, hotel and logistics properties. We provide in-depth market knowledge by means of proven regional and sector specialists in acquisitions and sales, and in real estate management. As one of the largest portfolio holders of certified properties, we are pioneers in the area of sustainable real estate investment.

Outstanding management quality.

The quality of our management is also confirmed by independent rating agency Scope.

The Scope rating agency gave Deka Immobilien a rating of AA+ (AMR, very good) in June 2017.

Real Estate Asset Management business division. Close to locations, tenants and market trends.

Source: Scope Ratings June 2017, www.scoperatings.comKings Place, London, UK, BREEAM In-Use (Building Management) Outstanding.

AA+AMR Asset Management Rating

North and South America

Certified: 7 out of 15 assets

Europe (w/o Germany) Certified: 96 out of 208 assets

GermanyCertified: 93 out of 253 assets

Asia-Pacific Certified: 5 out of 7 assets

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Certification rate based on total market value. As at 30/06/2017

201 outstanding green buildings worldwide: over 62 per cent of our total real estate assets are certified.

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Deka Immobilien places great importance on corporate governance and sustainability. Our business principles and policies are in line with responsible and transparent corporate governance. Their consistent implementation is marked by numerous individual measures, including external measures such as ensuring investor protection, establishing an ombudsman, and staffing the Super-visory Board with a member independent from the Group. Internally, corporate governance and sustainability are fixed elements of systematic risk management and risk controlling.

From trend to standard.

This self-image contributes to an equally marked focus on sus-tainability both commercially and in relation to the environment. Following the guiding principle of from trend to standard, sustainability has long since become an integral part of our business policy. Whether purchasing or looking for tenants we increasingly enquire about factors such as energy efficiency, innovative technology and user comfort in addition to location.

We prioritise the following in terms of sustainability:

In the business division: We consider compliance with legal and regulatory requirements to be a matter of course. In addition to our active involvement in the activities of associa-tions, we are also engaged in developing and shaping binding standards for corporate governance and sustainability, as well as the efficient dissemination of knowledge about them.

In the real estate fund business: As well as our certification strategy, we comply with a full range of sustainability criteria in our properties always taking account of cost-efficiency. This provides an excellent measurement parameter and com-parability factor in relation to our competition and shows we are one of the open-ended real estate fund providers with the highest volume of certified properties (green buildings) in the German market.

In real estate management: Satisfied tenants are our most valuable asset. One of the ways we achieve this is by reducing ancillary costs through sustainable management and energy- related renovations, stipulating green clauses in our agree-ments and generally lowering CO2 consumption.

Corporate governance and sustainability. We act responsibly. For all our stakeholders.

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Products for retail investors. Open-ended real estate mutual funds.

Quelle: Scope Ratings June 2017, www.scoperatings.com

Our open-ended real estate funds allow us to aggregate the financial strength of around 1 million private investors. We aim to give you stable, steady long-term performance.

In line with the investment strategy, the open-ended real estate funds invest almost exclusivel