Website: www.ey.com Partner since: March 2007

Ernst & Young Real Estate The asset class Real Estate has gained tremendous significance over the past years. The alignment of real estate with the demands of the capital markets, the demands on real estate as regards the transparency of major real estate transactions and the professionalism of asset management, and the major restructuring processes in the housing industry are just a few of the many changes currently taking place.

Ernst & Young Real Estate GmbH (“Ernst & Young Real Estate”) was formed in 1999 because of the rapidly growing demand for independent and professional consulting for the asset class Real Estate. Our headquarters are located in Eschborn near Frankfurt am Main.

We are an international real estate consulting company and a legally independent unit of the International Ernst & Young Organisation (“Ernst & Young”). Our core competencies lie in the following areas:

• Real estate valuation and real estate due diligence (“Real Estate Transaction Support”)
• Consulting on the sale or acquisition of large real estate portfolios (“Real Estate M&A Capital Market Services”)
• Real estate management for public and private-sector enterprises (“Strategic Real Estate Advisory Services”)
• Integrative advisory services in connection with large-scale project development and support for real estate projects (“Real Estate Project Development and Project Management”)

We have a presence in three countries, Germany, the Netherlands and Poland. You will find us in Berlin, Düsseldorf, Eschborn near Frankfurt am Main, Hamburg, Cologne, Munich, Stuttgart, Amsterdam and Warsaw. We currently have a staff of 210 (charted surveyors, real estate economists [ebs/REMI or IREBS], industrial engineers, business administrators, architects and building engineers).

Together with our colleagues from Audit and Tax Consultancy as well as Management Consultancy we pursue a multidisciplinary approach which includes real-estate-related advisory services.

Ernst & Young Real Estate GmbH merged with Prof. Weiss + Partner Projektsteuerungsgesellschaft mbH in early 1999 in order to integrate well-founded technical know-how into the consulting business. This merger gives us longstanding experience in the development and management of complex building projects.

The daily consulting work of Ernst & Young Real Estate is subject to the same high demands and quality standards applying to Ernst & Young AG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft. For this reason we also offer services originally developed by auditing companies, e.g., vendor due diligence for real estate portfolio transactions.

Our real estate advisory service

Transaction consulting by Ernst & Young involves investigating the acquisition and sale, valuation and restructuring of companies for relevant financial, tax and operative aspects and indicating adequate options. The services comprise an advance results-oriented analysis and subsequent flanking support of the transaction up to its full conclusion. We successfully support our clients’ acquisitions, divestitures, mergers and IPOs to achieve the objectives targeted with the transaction.

For real estate transaction consulting, Ernst & Young has defined core competency fields (Core Solutions). All Core Solutions services are offered worldwide and are based on a uniform standard. All customers around the globe can rely on these standards.

Real Estate Transaction Support
Real estate valuation and real estate due diligence for complex asset transactions or for large-scale real estate portfolio or real estate company transactions

Real Estate M&A and Capital Market Services
Advisory services for the buying or selling of large real estate portfolios or real estate companies including the mobilizing of property shares

Strategic Real Estate Advisory Services
Advice for professional, effective corporate and public real estate management in the context of a comprehensive, integrated consulting approach

Real Estate Development & Project Management
Integrative advisory services in connection with the development of major projects. Support for real estate projects: from project development and design through assistance in competitive aspects and the support of planning and execution, all the way to the transfer and operation of properties. This includes the optimizing of facility management.

Sectoral specialization

Specialization on specific industries is gaining tremendous importance and often is the subject of our consulting work. Our focus is Hotel and Leisure, Health and Infrastructure. Our strong points are our sound industry-specific know-how and our explicit concentration on these special sectors.

Our philosophy

Together with our clients we develop ideas and conceive solutions aimed at attaining concrete, measurable success. The services we offer are integrated and practice-oriented to enable our clients to increase value and quickly achieve their objectives.