BUILDING CONSULTANCY | ITALY

2017

PROTECT INVESTMENT VALUE

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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2016 revenue). The Company has more than 75,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

CBRE GROUP

75.000+STAFF

450+OFFICES*

111COUNTRIES*(*ESCLUSI AFFILIATI)

21.650STAFF 150+

OFFICES*65COUNTRIES*

600+STAFF

5 OFFICES

SERVICES:

Advisory and Transaction Services High Street

Advisory and Transaction Services

Industrial & Logistics

Advisory and Transaction Services Office

Advisory and Transaction Services Retail

Asset Services

Building Consultancy

Capital Markets

Global Workplace Solutions

Hotels

Valuation & Advisory Services

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BUILDING CONSULTANCYA WIDE RANGE OF BUILDING CONSULTANCY SERVICES

PURCHASE SALE Technical Due Diligence

Environmental Due Diligence

Analysis of building energy performances

Rectification Permit

Web Data Room

Measurement check

DEVELOPMENT Town planning feasibility study

Due Diligence for development

Development monitoring

Project monitoring

Loan monitoring

Reinstatement Cost Assessment

Technical consultancy for obtaining new

retail licenses

MAINTENANCE Preventative maintenance plan

Energy assessment

Analysis of building energy performances

GRESB report

LEED In-Use

BREEAM In-Use

Web data room

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TEAMA DEDICATED PROFESSIONAL TEAM FOR EACH BUILDING CONSULTANCY PROJECT

BUIL

DIN

GM

&E

Federica SaccaniExecutive DirectorHead of Building Consultancy Italy

Francesca MinolaSenior Building Surveyor

Esther MorelliAssociate Director Building Surveyor

Carlo Alberto MontiDirector Mechanical & ElectricalEngineer

Giulia CerioliSurveyor Mechanical & ElectricalEngineer

Piergrabriele AndreoliDirector Energy

Andrea PettinariSenior Building Surveyor

Serena RidolfiJunior Building Surveyor

Stefania PetraruloBuilding Surveyor

Raffaella CocchiSenior Building Surveyor

Stefania ColomboAssistant

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6 BILLION ASSETSWITH 10 PEOPLE TEAM

BCD ITALY 2016 RESULTS

Photo: Qatar Holding | Porta Nuova MilanTDD | 225,000 sqm

6mlnSQM SURVEYED

120ENERGY

PERFORMANCE CERTIFICATE

250DUE DILIGENCE

REPORTS

110FIT FOR SALE

BUILDING PERMITS

85REINSTATEMENT COST

ASSESSEMENT

KEY NUMBERS

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DUE DILIGENCE

Acquiring commercial premises for investment involves the adoptionof potentially significant liability and risk. Building or mechanicalservices failure, statutory or the emergence of previously undiscloseddefects in structure or fabric can materially impact on investmentvalues or give rise to unexpected financial liabilities for repair orremedial work. Furthermore, in Italy non compliance to the extent ofbuilding titles can have an impact on transfer of the property.

Investors will need to understand how the specification standard,compliance and condition of a building may have a detrimentalimpact on value.

CBRE Building Consultancy is a specialist group which pro- videsdetailed advice to investors, allowing them to enter into contracts forpremises with clarity about the liabilities that flow from ownership ofa property.

As part of CBRE, the largest real estate advisors in the world, wespecialize in scale and complexity, but that doesn’t mean we are notequipped to deal with building surveys of all sizes, and all types ofuse and forms of construction

In Italy, it is essential to confirm that any building being inspectedcomplies with a number of statutory regulations. These have asignificant effect upon value as nonconformity can affect both valueand marketability.

AIMS AND METHODS

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A building survey is an essential ingredient to any property acquisition. It provides clarity about complex technical issues, highlightspotential risk areas, identifies and quantifies liabilities, and offers an enhanced position from which to negotiate

We have specialized in this area which lies on the boundary between the legal and technical fields of knowledge. Once thescrutiny of documents is complete, we would liaise with the client’s legal advisers to confirm our findings, and then the survey teamin order to compare the built structure with the approved documentation

For investors, the preservation and continuity of the income stream, and the potential for rental growth are both paramount.Equally, the overall quality of the building will contribute to perceptions of value in the investment market. Whilst it may betempting to assume that the obligations in a lease which are commonly described as ‘full repairing’, may take care of any issuesof disrepair or defect, this is by no means completely the case. Fundamental defects may be so far-reaching that they lie beyondthe scope of the tenants repairing obligation, leaving the landlord exposed.

BUILDING CONSULTANCY TO INFORM THE NEGOTIATION OF SPA

DUE DILIGENCE

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8%

29%

2015 2016

• Energy assessment

• Analysis of building energy performances

• GRESB: report

• Preventative maintenance plan

• LEED in use

• BREEAM in use

BUILDING CONSULTANCYGOING GREEN

+30%Sustainability is an essential factor to any building acquisition *

*Source: Italian Investor Survey 2017 – CBRE Research Italy

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The most qualified professionals in the Italian real estate

Team work to get the best results

Solid experience in negotiating outcome of the Technical Due Diligence and SPA

Building consultancy’s track record covers 20% of the Italian real estate finance transactions

Interaction with the Capital Markets and Valuation Department

Ability to offer complementary services such as: Environmental Due Diligence, Analysis of building energy performances, Rectification Permit, Town planning feasibility study, Project Monitoring, Loan Monitoring, Preventative maintenance plan, energyassessment.

WHY CBRE?

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MAIN CLIENTS

BOSCOLO UNICREDIT LEASING FUTURA IMQATAR HOLDING CARREFOUR THEBLACKSTONE GROUP JP MORGAN UBILEASING IDEA FIMIT ENI FONDIARIA SAI CBREGLOBAL INVESTORS MONARCH LPINVESTINDUSTRIAL BENI STABILI LA SALLEINVESTMENTS BANCO POPOLARE CREDITAGRICOLE CDP POLIS FONDI BANCA IFISDEUTSCHE BANK REAM SGR SIAE WINDVALTUR AEW AMAZON BNP PARIBAS REAMSGR TH REAL ESTATE INTERNOS SAVILLSINVESTMENT MANAGEMENT CORNESTONECUALBU GENERALI HINES KRYALOS

Blackstone | Project Gataway Airone e Valecenter TDD | Shopping Centres 83,507 sqm

REAM SGR | Piazza Cordusio Milan TDD | 10,500 sqm

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Monte dei Paschi di Siena | CentroSicilia Sicily TDD | Shopping Centre 116,000 sqm

Blackstone | RCS Building MilanTDD | 26,000 sqm

Credit Agricole Corporate Banking | Taormina SicilyTDD | Luxury Hotels

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ABOUT US…

“Thank you all for the hard work in getting this to completion. There werea number of steps to get from signing to closing and really appreciate thehard work from each one of you. What a superb team work!”

“”

KEY CONTACT

FEDERICA SACCANIExecutive Director

Head of Building Consultancy Italym: +39 02 303 777 1

e: federica.saccani@cbre.com

16www.cbre.it