2. EUROPEAN CAPITAL MARKETS AND INVESTOR INTENTIONS 2014
Dr Peter Damesick Chairman EMEA Research
12 March 2014

3. Global Commercial real estate Investment
$ billion
Change 2013 vs 2012
Americas
+16.5%
EMEA
+34.3%
Asia Pacific
+28.0%
Source: CBRE Research, RCA; * All commercial real estate and hotels
Represent as graph above

4. Cross-regional global capital boosts European real estate investment
€ billion
Source: CBRE Research
Represent graph as above- perhaps the bars appear first and then the line afterwards

5. Global real estate investment in Europe
Market distribution, % total purchases
Source: CBRE Research
All of the 2012 information appears first and then the 2013 information appears.

6. Cross-regional global capital Flows in Europe
2013 by Market
€ billion
Source: CBRE Research
Represent graph as above

7. Commercial real estate Investment In UK
£53 billion transacted in 2013 – £21 billion in just Q4
£ billion
Source: Property Data, CBRE Research
The only thing that we would like to happen here is that we animate the last bar – Q3 2013

8. Commercial Property Investment in Euro Periphery
Ireland, Spain, Portugal, Italy
€ million
Source: CBRE Research
Represent graph as above – can we add a new slide after this one that states:
Investor Intentions Survey Results 2014

9. Europe’s fastest growing investment markets in 2013
Cities with biggest relative increases in sales 2013 vs 2012
Source: CBRE Research

10. Investor Intentions Survey Results 2014

11. Survey respondents by type of organisation
Source: CBRE European Investor Intentions Survey 2014

12. Which global region is most preferred for investment?
Source: CBRE European Investor Intentions Survey 2014
Show 2013 first and then 2014

13. Investing outside Europe in 2014?
Source: CBRE European Investor Intentions Survey 2014
For this can we use an animated pie chart starting with – yes less than 2013’, then Yes, same amount as in 2013, then Yes, more than in 2013, and finally No appearing.
Yes less than 2013 – 5%
Yes, same amount as in 2013 – 11.2%
Yes, more than in 2013 – 19.6%
No – 64.2%

14. Investment outside Europe on 2014: Which Regions?
Percentage of respondents who will invest outside Europe
78%
52%
24%
21%
17% 5% 4%
North America
Developed Asia
Emerging Asia
Pacific
South America
Africa
Middle East
* Respondents could choose more than one region
Source: CBRE European Investor Intentions Survey 2014
Perhaps we could use a heat map here – starting with the largest.

15. Asia pacific investors: where will they invest globally in 2014?
Percentage of respondents who will invest outside Asia Pacific
68%
Western Europe
North America
57%
Central and Eastern Europe
23%
South America 8%
Africa 2%
Middle East 2%
* Respondents could choose more than one region
Source: CBRE Asia Pacific Investor Intentions Survey 2014
Perhaps we could use a heat map here – starting with the largest.

16. Most attractive country in Europe for investment purchases
Source: CBRE European Investor Intentions Survey 2014
All of 2013 information appearing and then 2014 information follows.

17. Most attractive city for investment purchases
Dublin
Rise in attractiveness of Spanish cities
Source: CBRE European Investor Intentions Survey 2014
All of 2013 information appearing and then 2014 information follows.
The key point here is that Madrid and Barcelona are now extremely attractive – perhaps we could circle?
Also highlight Munich and Hamburg.

18. Most preferred sector for investment purchases
Stronger
preference
Source: CBRE European Investor Intentions Survey 2014
All of 2013 information appearing and then 2014 information follows.
Again, circling the decline in Logistics, Shopping centres,Light industrial and retail warehouses. (Eleanor – Light industrial doesn’t decrease)

19. Top 3 ‘most attractive’ for purchases in 2014
Countries
Cities
Sectors 1. UK
29% 2.
Germany
21% 3.
Spain
19% 1.
London
30% 2.
Madrid
14% 3.
Berlin 9% 1.
Offices
39% 2.
Logistics
16% 3.
Shopping centres
11%
Source: CBRE European Investor Intentions Survey 2014

20. Most preferred asset type for purchases
2013
2014
Source: CBRE European Investor Intentions Survey 2014
All of 2013 information appearing and then 2014 information follows.

21. Risk appetite for secondary assets in 2014 compared with last year
49%
Source: CBRE European Investor Intentions Survey 2014
Spelling of ‘Much Lower ‘ is incorrect – can you please amend.
Represent graph as above

22. Most preferred asset type for purchases
Percent of investors by global region, 2014
Source: CBRE Investor Intentions Survey 2014

23. Investment and interest in alternative sectors
Invested
Actively interested
Source: CBRE European Investor Intentions Survey 2014
Split the screen in two – on one side show the actively interested details and on the other what has been “invested” in already – start with Invested on the left had side
Actively interested:
Student living – 12%
Retirement living – 10%
Healthcare – 9%
Infrastructure – 9%
Self Storage – 5%
Leisure – 3%
Automotive /car parks – 3%
INVESTED IN:
Leisure – 27%
Student living – 25%
Retirement living – 12%
Healthcare – 17%
Automotive /car parks – 17%
Infrastructure – 14%
Self Storage – 7%

24. Expected purchasing activity this year compared with last year
67% of respondents said purchasing activity would be higher in 2014
Source: CBRE European Investor Intentions Survey 2014
Represent as is – perhaps adding a circle to the first 3 bars for 2013 and 2014 indicating that a total of 67% purchasing activity will be higher

25. What is the biggest obstacle to acquiring assets in Europe?
82% of investors cited these 3 obstacles
Source: CBRE European Investor Intentions Survey 2014

26. What is greatest threat to European property markets?
62% of investors pick one of these threats
Source: CBRE European Investor Intentions Survey 2014
Represent as is

27. What effect would UK exit from EU have on Uk’s attractiveness for investment?
Source: CBRE European Investor intentions Survey 2014
Represent as graph above – again perhaps circling the last 2

28. Investor intentions Key themes 2014 More confidence in Europe
Resurgent interest in Spain
Investors moving up risk curve
Most attractive asset types outside prime/core
Greater appetite for secondary
Higher purchasing activity in 2014
Markets more crowded and competitive
Perception of over-pricing as threat

29. Panel discussion lead by Jonathan Hull
Managing Director, EMEA
Chris Brett
Head of International Capital Markets, UK
Marc Giuffrida
Executive Director, Singapore
Peter Schreppel
CEO, Germany
Adolfo Ramírez-Escudero
President, Spain