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ING Dutch Office Fund and Rotterdam Central District

ING Dutch Office Fund and Rotterdam Central District. Management and risk profile ING DOF. Key characteristics. Investment profile. Strategy to invest in the prime segment of the Dutch office market Decreasing investments in the more volatile risk segments of the Dutch office market

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ING Dutch Office Fund and Rotterdam Central District

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  1. ING Dutch Office Fund and Rotterdam Central District

  2. Management and risk profile ING DOF Key characteristics • Investment profile Strategy to invest in the prime segment of the Dutch office market Decreasing investments in the more volatile risk segments of the Dutch office market Core strategy Aiming to outperform the ROZ Vastgoedindex (standing investments) Active asset management — experienced team • Fund size and leverage Current Fund size EUR 2,327 million gross asset value (GAV) 40.3% consolidated level with DOF Feeder Fund I (maximum is 40.5%) Anne de Jong – Portfolio Manager of the ING Dutch Office Fund Anne finished his study economics at the University of Amsterdam in 1994. He joined MN Services where he had several functions as real estate analyst and (senior) Asset Manager. In 2002 he finished the VBA course. In 2003 he joined ING Real Estate as Senior Asset Manager Office. In 2006 Anne was appointed Portfolio Manager for the ING Dutch Office Fund. The fund only invests in prime offices in the Netherlands • The best parts of Amsterdam, Rotterdam, The Haque and Utrecht • Outside the Randstad: near railway stations

  3. Portfolio overview Portfolio as per Q4 2009 • 85 properties • 876,555 square meters of lettable space • Total portfolio size EUR 2,327 million • Gross rental income of EUR 180.0 million / year Groningen Friesland Drenthe Noord Holland Flevoland Overijssel Utrecht Gelderland Zuid Holland Noord-Brabant Zeeland Limburg

  4. Amsterdam 72,333 m² Multi-tenant Top 10 properties in the fund ING REIM Offices NL Y Toren World Trade Centre Vivaldi • Amsterdam • 18,261 m² • Philips • Amsterdam • 25,936 m² • Ernst & Young Victoria WTC Zuidplein Hojel City Center • Rotterdam • 22,855 m² • KPMG • Amsterdam • 39,678 m² • Multi-tenant • Utrecht • 40,156 m² • SNS Reaal, RGD WTC Schiphol Airport Delftse Poort • Schiphol • 55,471 m² (47,27%) • Multi-tenant • Rotterdam • 65,652 m² (50%) • Nationale Nederlanden Nieuw Amsterdam Cap Gemini E&Y Office Park • Amsterdam • 36,801 m² • ING • Utrecht • 42,288 m² • Cap Gemini

  5. Rotterdam • Portfolio Rotterdam • 17 properties • 240.113 square meter of lettable space • Total portfolio of EUR 600 million • Rotterdam Central District • 3 properties • 93.600 square meter of lettable space • Total asset value of EUR 206 million Delftse Poort 66.000 m2 200 Weena 17.100 m2 Weenatoren 10.500 m2

  6. Why DOF invests in Rotterdam Central District ? General policy • Policy In General : best parts of the Randstad • The fund only invests in prime offices in the Netherlands • Focus on the best parts of Amsterdam, Rotterdam, The Haque and Utrecht • Since 2003 DOF focuses on increasing investments in multifunctional locations around railway stations • WTC Amsterdam • Utrecht CS • Rotterdam Central District • These locations outperform the market and will perform even better in the future

  7. Why DOF invests in Rotterdam Central District ? Rotterdam Central District • Top location for work, leisure and living • Mixed use area with offices, houses and leisure • International location with European orientation • Unique location between the high speed line and city centre • Room for culture, education, housing and recreation • Powerful public – private cooperation

  8. Why DOF invests in Rotterdam Central District ? • Perfect match between policy and location! • The DOF policy focuses on prime offices located in multifunctional areas close to railway stations • The Rotterdam Central District is a mixed use area in the direct vicinity of Rotterdam Central Station, an important transportation hub in the Netherlands and Europe

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