AEW Europe is a leading European real estate investment manager one hundred per cent owned by Caisse d'Epargne Group. The company is focused on the creation, execution, and management of discretionary investment vehicles, separate account strategies, and strategic portfolio advisory services to both institutional investors and high net worth individuals. The group currently has over 210 professionals who are responsible for approximately €11.1 billion of assets under management. In addition, the integration of AEW Europe with the resources and capabilities of North American-based AEW Capital Management creates a truly global real estate investment management platform with aggregate gross assets under management of €23.3 billion.

AEW Europe takes a research-based approach to real estate investment and fund management. Drawing upon a series of research methodologies and tools developed for the European marketplace, the AEW Europe research team is integral to strategy design and the targeting of specific investment markets and product types. In identifying and underwriting potential investment opportunities, AEW Europe relies on local market intelligence generated from deep, long-term relationships forged in the broader European capital markets and a network of relationships maintained with its strategic partners, local property owners, and operators.

Further information: www.aeweurope.com

The group's business activities are concentrated on four specific areas:

• Collective investment vehicles

  Creation and the management of discretionary collective investment vehicles designed to provide experienced investors with access to real estate investment opportunities world-wide. Such vehicles include a series of real estate equity partnerships such as AEW Europe Logistics Funds, focused on pan-European logistics, and Curzon Capital Partners, LP, a pan-European investment fund.

• Direct separate account

  Design and execution of discretionary real estate funds management strategies on a separate account basis for institutional and private investors. The group has a large, well-established direct separate account business throughout Europe and the US.

• Real Estate Securities

  Design and execution of the Fund and Separate account strategies focused on the real estate securities market. AEW's real estate securities business alone, focused on the US REIT market, currently has net assets of close to $5.5 billion.

• Capital market advisory

  Creation and implementation of real estate capital market advisory strategies to assist investors in the financing, repositioning, disposition, and syndication of real estate in the private and public capital markets.

MEAG MUNICH ERGO AssetManagement GmbH is the asset manager for Munich Re Group and with more than 165 billion under management, including 16 billion of real estate assets, the second largest asset manager in the German insurance industry and one of the large asset managers in Europe. MEAG is responsible for the management of virtually most of the group's assets and implements state of the art investment processes regarding the core asset classes fixed income, equity and real estate. Its experienced experts develop customized concepts that always give top priority to the needs of the investor.

Since the beginning of 2006 the real estate activities of the ERGO Trust have been merged in MEAG. Retail customers and institutional investors alike benefit from the concentrated experience and expertise of MEAG and ERGO Trust. With a global network and its specialized knowledge, MEAG provides comprehensive portfolio management for institutional investors.

Further information: www.meag.com

A full information about our sister company is available at www.pbw.hu

A reputation for professionalism

PBW Hungary Rt. (formerly CDC Budapest Rt.), established in 1992, is a joint subsidiary of PBW Real Estate Asset Management. It provides full range of services to real estate investors including PBW Real Estate Fund (EMKE Office Building, MOM Park and West End Business Center), Deutsche Bank (Gellert, Gesztenyes, Sas Office Towers), Raiffeisen Bank (Rumbach Center), Volksbank (Kálvin Center) and many others totalling over 170.000 sq.m

Model of sound property management

PBW Hungary is able to offer and manage a wide range of services for our customers such as 24-hour security and access control, visitor reception and information halls, cleaning services, mail, in-house maintenance staff and technical staff. According to the specificity of the buildings or landlords requirements we can manage : on site restaurant with catering, mail and international courier services, messenger, dry-cleaning, copy centre, meeting rooms, management and maintenance of gardens…

PBW Hungary offers a comprehensive property management package based on three features:

General management

PBW Hungary is responsible for the financial management of the buildings including rent collection, preparation and administration of an annual budget and control of property overheads. PBW Hungary undertakes to negotiate every year the subcontractors in order to optimise the subcontractor's prices and to improve the quality of services.

Property accounting

PBW Hungary manages the accounts of the buildings, invoices tenants and prepares monthly statements for the landlords also prepare follow-up reports on electricity, gas and water consumption in order to fit (balance) the fluids consumption to the tenants' needs.

Technical management

PBW Hungary assumes cost effective day to day management, provides cleaning and maintenance services and carries out major repairs. Their technical staff keeps a watchful eye on the buildings on behalf of the landlords and supervises the contracted service and maintenance activities, while serving tenants as a reliable partner.

Personalised, tailor made property management services

Our approach to property management consists in paying equal attention to the needs of landlords and tenants. We serve landlords by protecting the value of their property over time. What's more, our cost-effective approach to management and maintenance attracts as well as satisfies customers. We serve tenants by constantly improving the service and amenities is the buildings we manage. We stay tuned to the tenant's everyday needs by means of regular enquiries. Thus, the tenants are released from the worries associated with the management of their premises, leaving them free to concentrate on their core business.

PBW Hungary provides services of the same quality, sound in the knowledge that its expertise is worthy of your seal of approval.

A full information about our sister company is available at www.pbw.pl

A reputation for professionalism

PBW Polska Sp. z o.o. (former Real CDC Warszawa) was established in 1996 by Caisse des Depots et Consignations (CDC), the French financial institution. Till 14.06.2002 the company was wholly owned by CDC. On that date all the shares of PBW Polska Sp. z o.o. were bought by PBW Real Estate Asset Management B.V.(www.pbwfund.com).

In Central Europe, PBW Real Estate Asset Management B.V. established 3 subsidiaries (in 1993: PBW Czech Republic s.r.o. located in Pragu, in 1994: PBW Hungary Kft located in Budapest, e and in 1996: PBW Polska Sp. z o.o. located in Warsaw) with the purpose of rendering property, facilities and asset management services for commercial buildings. Today they manage over 350,000 sq.m. of prime office buildings, retail galleries, industrial parks and apartments.

Model of sound property management

PBW Polska focuses mainly on the facility and property management. As the property manager of a building, we are engaged by the landlord to bring a full range of services to the tenants, in order to allow them for making the best use of the premises. We are in charge of keeping the building and its common areas at the highest quality level. The employees of our company are well trained, experienced, multi-lingual and perform their duties following a detailed plan, tailored to the specific building.

Facility Management

PBW Polska Sp. z o.o. is able to offer and manage a wide range of services for our customers such as 24-hour security and access control, visitor reception and information halls, cleaning services, mail, in-house maintenance staff and technical staff. According to the specificity of the buildings or landlords requirements we can manage: on site restaurant with catering, mail and international courier services, messenger, dry-cleaning, copy centre, meeting rooms, management and maintenance of gardens…

Property Management

• co-ordinating, leasing and marketing the property, as well as providing PR campaigns
• providing or co-ordinating lease agreements negotiations
• preparing and implementing the marketing strategy
• preparing the annual marketing plan
• WEB sites administration
• preparing operational and investment budgets, as well as business plans
• monitoring and executing legal/contractual obligations
• co-operating by negotiation as well as executing the acquisition/disposal of new real estate assets
• co-operating with insurance brokers in order to receive required insurance policies
• monitoring the investor and tenant market

PBW Polska Sp. z o.o. offers a comprehensive property management package based on three features:

General management

PBW Polska Sp. z o.o. is responsible for the financial management of the buildings including rent collection, preparation and administration of an annual budget and control of property overheads. PBW Polska Sp. z o.o. undertakes to negotiate every year the subcontractors in order to optimise the subcontractor's prices and to improve the quality of services.

Property accounting

PBW Polska Sp. z o.o. manages the accounts of the buildings, invoices tenants and prepares monthly statements for the landlords also prepare follow-up reports on electricity, gas and water consumption in order to fit (balance) the fluids consumption to the tenants' needs.

Technical management

PBW Polska Sp. z o.o. assumes cost effective day to day management, provides cleaning and maintenance services and carries out major repairs. Their technical staff keeps a watchful eye on the buildings on behalf of the landlords and supervises the contracted service and maintenance activities, while serving tenants as a reliable partner.

Personalised, tailor made property management services

Our approach to property management consists in paying equal attention to the needs of landlords and tenants. We serve landlords by protecting the value of their property over time. What's more, our cost-effective approach to management and maintenance attracts as well as satisfies customers. We serve tenants by constantly improving the service and amenities is the buildings we manage. We stay tuned to the tenant's everyday needs by means of regular enquiries. Thus, the tenants are released from the worries associated with the management of their premises, leaving them free to concentrate on their core business.

PBW Polska Sp. z o.o. provides services of the same quality, sound in the knowledge that its expertise is worthy of your seal of approval.

DTZ is a leading global real estate services company providing a full range of services on a local, regional and international level to investors, occupiers and owners across all sectors of the real estate market.

DTZ has over 6,500 staff operating from 125 offices in 33 countries worldwide.

Seamless cross-border services based on common standards are co-ordinated and delivered through business groups for the key service lines: investment, corporate real estate services, valuation, business space, retail, property management and building consulting, DTZ Corporate Finance and DTZ Consulting & Research. Infrastructure groups for areas such as information technology ensure that clients receive consistent quality standards of service.

DTZ has the strongest market presence of any property consultant in Europe, comprising 78 cities in 23 countries and over 3,300 staff. DTZ Hungary was the first DTZ office established in Central and Eastern Europe and has played an active role in the Budapest office and commercial property market since 1990. The company currently has a total of 18 employees. DTZ Hungary undertakes valuations of individual buildings and portfolios on behalf of clients for a wide variety of purposes including security for loan, balance sheet, disposal/acquisition, estate management and corporate transactions.

In Poland, DTZ has been active in the commercial property markets since 1994 when the Warsaw office was opened. It presently employs around 30 full time staff. The amount of work DTZ carries out closely with other offices in the international network is constantly increasing as foreign investors and users become increasingly interested and involved in this very dynamic market - by far the largest in Central & Eastern Europe.

In Czech Republic, DTZ has enjoyed a leading position in Prague in the field of business space since the office was opened in 1992. The mixture of expatriate and experienced local staff working and living together in the city has been the key to its success.

Further information: www.dtz.com

Jones Lang LaSalle is a leading global provider of integrated real estate and money management services. We serve clients locally, regionally and globally from offices in more than 100 markets on five continents. Approximately 17,300 employees ( 8,100 professional employees and 9,200 directly reimbursable property maintenance employees) stand ready to provide each client with comprehensive investment, transaction and management services.

Our real estate money management business, LaSalle Investment Management, is one of the world's largest and most diverse, with approximately US$ 23 billion of assets under management. Jones Lang LaSalle Hotels, our hotel and tourism specialty is the first fully integrated global hotel real estate investment banking services group delivering advisory, transaction, financial and management services.

Our Research function lies at the heart of our business, tracking and interpreting the market forces and economic trends that affect our business to support our professionals as they provide the best-informed solutions to meet our clients' needs.

Working from three geographic regions-the Americas, Asia Pacific and Europe-we deliver management, transaction and advisory services to real estate owners, occupiers and investors.

Our regions support multinational clients with the assistance of two management functions: Global Client Services and Strategic Consulting. These groups coordinate client activities and ensure consistent, high-quality services across geographic regions and among businesses by offering clients a single point of contact at Jones Lang LaSalle.

Further information: www.joneslanglasalle.com