
2 Table 7: Inflation forecast Valuation for accounting purposes only 2Ĥ, Valuation of 1 properties March 21 1 Brief & Scope of Instruction 1.1 Instruction We refer to your instruction, dated 2 December 214, instructing us to carry out a valuation of the Matrix Portfolio consisting of 1 properties. 7 Table 4: Transaction Volume in Big Table : Transaction volume in Table 6: Prime yields in 1a-prime retail locations. 6 Table 2: Distribution of Area and al Income. 1 Figure 4: Transaction Volume Figure : Transaction Volume by Risk Profile Figure 6: Purchases by Foreign Investors Figure 7: Sellers / Buyers Figure 8: Transaction Volume by type of use Figure 9:Impact of Change in rents and yields on office capital value growth Figure 1: Transaction Volume Figure 11: Transaction Volume divided by Asset Class Figure : Development of Prime Yields Table 1:Portfolio Overview. 1 Figure : Development of inflation rate / consumer price index original values (Jan 212-May 21).

8 Figure 2: Ifo Business Climate Index January 212 August Figure : Development of inflation rate / consumer price index original values (Jan 212-August 214). 2 Valuation for accounting purposes only 1ģ, Valuation of 1 properties March 21 Contents cont d Figure 1:Development of gross domestic product (Q1 211 Q2 214) seasonally and calendar adjusted. 1 Appendix III General Principles for Valuation. 7 Market Considerations German Economy German Investment Market Supply and Demand: Key Players in the German Real Estate Market Investment Market Transaction Evidence Valuation Valuation Methodology Valuation Assumptions Valuation Results Sensitivity Matrix Market Value Disclaimer Confidentiality & Publication Appendix I Property Reports. 2 Portfolio Analysis Overview Distribution of Area Category and al Income Distribution by Tenants.

1 Valuation Report, Valuation of 1 properties prepared for March 21Ģ, Valuation of 1 properties March 21 Contents 1 Brief & Scope of Instruction Instruction Fee Basis Valuer Status Purpose of Valuation Basis of Valuation Liability Sources of Information Date of Valuation Inspections.
