Computer generated images are intended for illustrative purposes only CONTENTS

GERMANY: MACRO OVERVIEW 06 TREPTOW-KÖPENICK 30

BERLIN 14 BOAT HAUS, BERLIN 32

LARGE-SCALE INVESTMENT 18 AREA MAP 34

EDUCATION 22 COMPARABLE MAP 36

SUSTAINABILITY: GREEN BERLIN 23 THE DEVELOPMENT 37

EUROPE'S STARTUP HUB 24 SPECIFICATIONS 44

TRANSPORTATION INFRASTRUCTURE 26 DEVELOPER 46

BERLIN HOUSING MARKET 28 DISCLAIMER 47 GERMANY

GERMANY: As a founding member of the European Union and prominent participant of the G7, Germany is one of the MACRO OVERVIEW world’s great powers. Today its advanced economy is _ the largest in Europe, and fourth largest worldwide.

Germany is the most populous nation in the EU, and in times of political uncertainty and economic crises abroad, has historically experienced heightened levels of inward migration. More than 4.5 million people migrated to Germany in the last ten years, bringing the working population to roughly 47 million people.

Germany HAMBURG Area: 357,386 km2 Population: apx. 83.2 million BERLIN Language: German Currency: Euro Capital: Berlin LEIPZIG

DÜSSELDORF

COLOGNE

FRANKFURT

STUTTGART

MUNICH

The Reichstag Building in Berlin, Germany 06 Sources: Oxford Economics 07 GERMANY GERMANY

ECONOMY ECONOMIC STRUCTURE - - GDP GROWTH 2000 – 2035 Germany’s largest sector in terms of numbers employed is Manufacturing, totalling 7.6 - million jobs as of 2020. Due to its enormous scale and productivity, Manufacturing will 6 remain the largest single employment sector in Germany until at least 2035. At the

59% same time, the Human Health sector has created over 2 million jobs (+48%) in the last 5 20 years, and is the second-largest employment sector with over 6.1 million workers as

81% of 2020. However, the highest proportional increase of any sector over the period was

4 69% that of Professional, Scientific and Technical Activities, having increased 59% to 2.9

57% million jobs in 2020. 3

32% 47% 52% Manufacturing is also the largest economic sector in terms of Gross Value Added 2 67% (GVA), totalling EUR568 billion as of 2020. The sector is forecast to reach EUR708 GDP (EUR Trillions) 33%

63% billion in 2035, an increase of 46% since 2000. However, the Information and 72% 1 76% 84% Communications sector has far outperformed every other sector, growing by 125% and

241% 56% totalling EUR150 billion as of 2020. The sector is forecast to reach EUR203 billion by 56% 0 2035, an increase of 205% from 2000. Germany United Kingdom France Italy Spain Netherlands Ireland Portugal

2000 2020 2035

Germany is the third largest exporter in the world with an economy worth over ECONOMIC SECTOR BY NUMBER OF PERSONS EMPLOYED 2020 (MILLIONS) EUR3.32 trillion as of 2020. The economy is characterised by an extremely skilled - workforce and high levels of innovation, ranking fourth in the world for R&D. It is expected to continue growing to EUR5.29 trillion by 2035 (+59%), and thus will remain the largest economy in Europe by a margin of over EUR1 trillion. 0.7 1.1 0.5 Manufacturing The eight largest cities in Germany have experienced significant amounts of growth Wholesale & Retail Trade since 2000, with Berlin and Leipzig bucking the trend as a result of their unique 1.8 1.4 7.6 Human Health & Social Work historical past and resurgence since the early 2000’s. Looking forward to 2035, while all 8 cities are expected to expand at an impressive rate, Leipzig and Berlin are once 3.0 Other Services again expected to outperform the national average. Public Administration & Defence Construction

TOP 8 GERMAN CITIES BY GDP GROWTH 2000 - 2035 2.3 Education - 5.9 Administrative & Support Activities 300 80% 3.1 Transportation & Storage 250 Professional, Scientific & Technical Activities Accommodation & Food Services

200 64% 58% 2.6 Financial & Insurance Activities 6.1 Information & Communication 75% 150 2.6 Arts, Entertainment & Recreation 67% 53% 58%

EUR (billions) 59% Real Estate Activities 100 58% 2.7 3.5 50% 42% 57% 60% 48% 50 72%

100%

0 Stuttgart München Berlin Hamburg Frankfurt Düsseldorf Cologne Leipzig

2000 2020 2035

08 Sources: Deutsche Bank, Oxford Economics Sources: Deutsche Bank, Oxford Economics 09 GERMANY GERMANY HOUSING MARKET - EMPLOYMENT TREND With more than 4.5 million newcomers migrating to Germany in the last decade - alone, the construction sector has been incapable of keeping up with the demand for housing. Persistent supply and demand imbalances have created a 1 million The German short-time work scheme known as ‘Kurzarbeit’, has become an housing unit deficit as of 2020. internationally recognised trademark of its social market economy. It has proven a highly effective government tool in times of subdued economic activity such Berlin once again tops the bill in PwC’s Emerging Trends in Real Estate: Europe 2021, as the Global Financial Crisis and more recently the coronavirus crisis. Germany’s with Frankfurt, Hamburg and Munich also included in the top 10. Investors are now well managed economy has produced one of the lowest and most consistent paying close attention to individual government’s management of the pandemic and unemployment rates of any developed economy. The unemployment rate rose to business disruptions. Germany’s real estate markets have continued to benefit from 5.9% in 2020, and is forecast to fall back to its full-employment level in line with the the country’s economic strength and effective navigation through the pandemic. recovery.

EUROPEAN UNEMPLOYMENT RATE TREND GERMAN HOUSING MARKET FORECAST 2020 - 2035 30% - - 16 30% Market Value of Housing Stock: 45% 15 EUR15.3 trillion German House Price Index: +42.13% 30% Consumer Spending on Housing Rent: +44.48% 14 35% Cumulative % change 30% 13 25% 12 30%

11

EUR (Trillions) 15% 30% 10 5% 30% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 9

European Union plus UK Germany France Italy Spain Ireland Portugal UK 8 -5% 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 INCOME GROWTH Market Value of German Housing Stock House Price Index Cumulative % Change (base=2020) Consumer Spending on housing Rent Cumulative % Change (base=2020) - As Germany’s economy expanded by 57% in the 20 years up to 2020, the incomes earned by its residents have increased in a similar fashion. The number of people in the lower income band is forecast to collapse by 2035, while the middle and higher income 84 million 1 million 109% 11% bands have grown at an exponential rate over the period. forecasted housing supply avg. capital growth est. growth in one NUMBER OF GERMAN HOUSEHOLDS PER INCOME BAND population by 2030 deficit as of 2009 - 2019 person households - 2008 - 2030 35 2020 32m 30 The impact of the COVID-19 crisis has had a limited impact on the residential market due to the severe housing shortage. Demand for real estate from institutional 25 76%, 23m -0.3%, 23m investors is likely to have been further strengthened by the crisis. The flight to 20 safety, and low interest rate environment have resulted in German house prices increasing significantly in 2020, a trend which is expected to continue for several 15 195%, 14m 13m -45%, 17m years to come. 10

1488%, 5m The market value of the German housing stock is forecast to reach EUR15.3 trillion

Number of Households (millions) 5 by 2035, with house prices increasing by an average of 42.13% over the period. 0.3m -63%, 6m 0 Consumer spending on housing rent is also expected to follow a similar trajectory, 2000 2020 2035 growing by an average of 44.48% between 2020 and 2035. $0-$35,000 $35,000-$100,000 $100,000+

10 Sources: Financial Times, Oxford Economics Sources: PwC, Urban Land Institute, Deutsche Bank, Oxford Economics 11 12 13 BERLIN BERLIN

THE CAPITAL CITY ECONOMY - - Berlin - the capital city of Berlin entered the COVID-19 crisis Europe's largest economy in the strongest position of the 4 - is an international hub for largest domestic economies, as global business, innovation and challenges had subdued the banking politics. The city operates and manufacturing sectors in Frankfurt, as Germany's centre for Hamburg and Munich. Berlin was government, technology, shielded by these global risks by its large education and culture. Over public sector, pharmaceuticals industry, the last decade, employment and booming knowledge-intensive growth in knowledge-based technology sector. The number of people and future-orientated sectors in office-based employment in Berlin is has provided the city a expected to hit 635,000 by the end of solid platform for continued 2021, an impressive increase of 12% since sustainable economic growth. 2019 when compared to Frankfurt's 2% growth.

DEMOGRAPHIC TREND Berlin's GDP per capita totalled EUR40,625 as of 2020. While below that - of other major cities due to individual economic structures, Berlin's dynamic With 3.69 million residents as of 2020, Berlin is the most populous city in the European growth rate continues to outperform the Union. The city's population has been swelling by an average 20,000 newcomers national average. Berlin's GDP per capita per year over the last 20 years, a trend which is expected to continue following the is expected to reach EUR66,363 by 2035, removal of COVID-19 travel restrictions. Berlin's population is expected to grow by 10% an increase of 119% since 2009 and the in the next 15 years, reaching in excess of 4 million inhabitants by 2035. At this point highest growth rate of any German city. Berlin will then have 2 million more residents than Germany's second most populous city - Hamburg.

GERMAN POPULATION TREND 2000 - 2035 GERMAN GDP PER CAPITA (% GROWTH) 2009 - 2035 - -

10% 120%

4.0 12% 100% 3.5

3.0 80%

2.5 7% 60% 11% 2.0 10% 23% 7% 1.5 40% 12% 14% 8% 7% 13% 1.0 19%

Population per city (millions) 13% 10% 25% 20% 0.5

0.0 Stuttgart Munich Berlin Hamburg Frankfurt Düsseldorf Cologne Leipzig 0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2000 2020 2035 Stuttgart Munich Berlin Hamburg Frankfurt Düsseldorf Cologne Leipzig

14 Source: Oxford Economics Source: Oxford Economics 15 BERLIN BERLIN

PRODUCTIVITY EMPLOYMENT AND INCOMES - - It is expected that the Professional, Scientific & Technical Activities sector will be Berlin has experienced extremely high levels of employment growth since the early Berlin's most productive sector with a GVA totalling EUR19.5 billion by 2035, an 2000s, resulting in the unemployment rate falling from a high of 19% in 2005, to a low increase of 124% since 2000. This sector has also seen the number of jobs rise from of 5% as of 2019. This rate has risen to 7% in 2020 due in particular to job losses in 110,000 to 211,500 in the last 20 years and is forecast to hit 249,000 by 2035, an the hospitality and tourism industry as a result of the COVID-19 crisis. However, this is increase of 125% over the entire period. expected to fall back to its full employment level in line with the recovery.

At the same time, the Information & Communications sector has grown its GVA from The outstanding quality of the jobs created in Berlin over the last decade has been EUR4.4 billion in 2000 to EUR12 billion as of 2020, an increase of 172%. This sector a key factor driving the economy. Between 2000 and 2020, the middle income band is forecast to be producing a GVA of EUR18.6 billion by 2035, registering the highest increased 82% to 900,000 people. This band is forecast to grow to 1.2 million people increase of any sector at 322% since 2000. by 2035, an increase of 140% from 2000. At the same time, the top income band has grown from 9,000 to 100,000 people, and is forecast to grow by a further 300,000 BERLIN’S TOP 5 SECTORS BY GVA 2000 - 2035 people by 2035. As a result, average household disposable income is expected to - reach EUR64,000 by 2035, an increase of 120% from the year 2000.

BERLIN HOUSEHOLD NUMBERS BY INCOME BAND 2000 - 2035

20 19.5 18.6 1.4 17.4 1.3m 16.7 15.9 1.2m (+34%) 15.3 1.2 15 13.9 1.1m (-18%) 13.2 12.0 12.0 1.0 11.0 0.9m (+82%) EUR (billions) 10 9.5 8.7 0.8 7.1 0.7(-37%) 0.6 5 4.4 0.5m

0.4 0.4m (+254%)

0 Household numbers (millions) 0.2 Professional, scientific Information Real estate activities Human health and Public administration 0.1m (+1019%) & technical activities & Communication social work & defence 0.009m BERLIN GVA 2000 GVA 2020 GVA 2035 0.0 2000 2020 2035 Income $0-$35,000 Income $35,000-$100,000 Income $100,000+

HOUSEHOLD DISPOSABLE INCOME AND UNEMPLOYMENT RATE TREND 2000 - 2035 - 70 25% EUR64,000

60 20%

50

15% 40

30 Unemployment Rate 10%

20 5.5%

5% 10 Disposable Income (thousands)

0 0% 2011 2017 2012 2021 2015 2013 2031 2018 2016 2019 2014 2001 2010 2027 2022 2025 2023 2032 2035 2033 2028 2026 2029 2024 2034 2007 2002 2020 2005 2003 2030 2008 2006 2009 2004 2000 Household Disposable Income Unemployment Rate

16 Sources: Oxford Economics Sources: Deutsche Bank, Oxford Economics 17 BERLIN BERLIN

LARGE-SCALE INVESTMENT 3. Technology and Science Region Dahme-Spreewald - The technology and science region of Dahme-Spreewald is an up-and-coming location With the arrival of the long awaited Berlin-Brandenburg Airport in October for high-tech production, intelligent services, research and training. 2020, the municipalities of south Berlin are forecast to be the fastest growing locations in the greater city region. The new airport began stimulating In the field of aviation, a significant number of firms have already clustered around the economic activity long before it actually opened its doors, and some city's new airport. From global players to innovative medium-sized companies – this is investments are now completed and fully operational while others are still in now the third largest aviation location in Germany, with more than 100 companies and 17,000 employees. the works.

Wildau Technical University of Applied Sciences 1. Berlin-Brandenburg Airport (BER) With 100 full-time professors, approximately 4,000 students per annum are trained in more than 30 study programmes. This is the largest university of applied sciences in With a total investment value of EUR7 billion, the state of Brandenburg. the Berlin-Brandenburg Airport is now open and fully operational. While COVID-19 has Aerospace Technology Centre stifled demand for aviation and air travel The Aerospace Technology Centre - where innovation is at home - is one of the largest services globally, the airport is expected to aviation technology locations in Brandenburg. The centre is geared towards fast- reach its maximum capacity of 27 million growing young companies with select engineering expertise and international market passengers per annum in the next few years. operations. Expansion plans are already underway, aimed at increasing annual capacity to Fraunhofer Institute for Applied Polymer Research (IAP) 47 million passengers. BER estimates that Here scientists develop highly cross-linked polymers for lightweight construction 20,000 jobs have been directly created by and micro- and opto-electronics. These are key elements in the manufacture of the airport, and market research institute components for transport technology, aerospace, ICT and equipment technology. Conoscope forecast this number to reach 40,000 jobs over the next 15 years. The Technology and Start-up Centre Wildau (TGZ) airport will offer 170 direct routes across TGZ is a renowned centre for successful start-ups and sustainable business North America, Africa and Asia. development in the region. Working closely with the Aerospace Technology Centre and the Wildau Technical University of Applied Sciences, the Centre provides support for innovative start-ups.

Deutsches Elektronen-Synchtron (DESY) As part of the Helmholtz Association, DESY is one of the world's leading accelerator 2. Rolls-Royce (Aviation) centres for the study of matter. The site in Zeuthen is one of the largest scientific institutions in Brandenburg and is developing into a national centre for astroparticle In 2019, Rolls-Royce completed the physics. construction of its EUR20 million German HQ in Dahlewitz, south Berlin. The firm first began production of aviation engines at the site in June 1995, and recently delivered its 8,000th engine. Today, over 3,000 people are employed in highly skilled roles at the Dahlewitz site, aptly named the Rolls-Royce Centre of Excellence. The firm invested over USD2 billion in research and development in 2019 alone, positioning its engineers at the forefront of scientific research. https://www.wfg-lds.de/en/

18 Sources: Berlin Brandenburg Airport, Rolls-Royce Sources: Dahme-Spreewald Economic Development Agency 19 BERLIN BERLIN

4. Berlin Adlershof Science City 5. Tesla

Founded in 1754, this area is the birthplace of German aviation and the original site Berlin was chosen by Tesla's chief executive, Elon Musk, as the location for the firm's for research, film and television in Berlin. Today, Berlin Adlershof Science City is one of first major European Gigafactory. Mr. Musk sited Germany's engineering prowess the most successful high technology sites in Germany and Berlin's largest media site. as a key reason for selecting the location -also famously tweeting "Berlin rocks". Home to 1,203 firms and scientific institutions, the area employs 23,500 people and A testament to the city being at the forefront of cutting edge global trends and hosts 6,458 students at Humboldt University's 6 scientific institutes. innovation.

The park is ranked as one of the top 15 science parks worldwide, and the most With a total investment value of EUR4 billion thus far, Giga-Berlin will be the most important business location in the Berlin-Brandenburg capital region with a total advanced high-volume electric vehicle production plant in the world, creating 12,000 annual turnover of EUR2.5 billion. The modern innovation centres focus on 5 key highly skilled jobs at first, with potential of up to 40,000 in the following years. sectors of technology: In January 2021 Giga-Berlin also received preliminary approval to begin the 1. Photonics / Optics construction phase of a battery cell plant that Elon Musk says could be the largest on 2. Microsystems / Materials the planet.

3. IT / Media Up to EUR5 billion in subsidies from the German Federal Ministry of Economics has 4. Biotechnology / Environment been approved, along with EUR2.9 billion under the European Battery Innovation project. This project aims to support “research and innovation in the battery value 5. Renewable Energy / Photovoltaics chain” – in short, reducing dependency on battery makers outside the EU. In the direct vicinity are 454 commercial enterprises, retail shops, hotels, restaurants, and Media City with its 189 companies.

www.adlershof.de www.tesla.com/gigafactory-berlin

20 Source: Adlershof Science at Work 21 BERLIN

EDUCATION SUSTAINABILITY: GREEN BERLIN - -

Berlin boasts a top-class academic environment on a Berlin is one of the most sustainable cities in Germany, evidenced by its continual over national level, with universities that are well positioned performance of national objectives with regards to renewable energy consumption. in the Times’ global rankings. Humboldt Universität, Berlin is expected to source 70% of its energy requirement from renewable energy Charité and Freie Universität Berlin are in the top 10 in sources by 2025, with the national target at 40%. With the city's climate protection Germany, while the Technische Universität Berlin ranks targets and the strategies to achieve them anchored in the Berlin Energy Turnaround 14th. Humboldt University is Berlin’s oldest and most Act, the city's aim of being climate-neutral by 2050 is enshrined in its statutory highly-rated university with one of its most famous past framework. professors being none other than Albert Einstein. These 4 universities account for over 100,000 students and At a ratio of 317 cars per 1,000 residents, Berlin has the lowest reliance on automobiles 20,000 educators and researchers. All in all, there are as a method of regular transport of any German city. The city's residents can easily more than 250,000 people working, researching, and make their way around via underground and overground trains, tram, bus or by studying in Berlin's higher educational institutions. utilising the city's 620km of dedicated cycle paths.

Furthermore, Berlin’s student population is as diverse as As part of its climate protection strategy, Berlin is also highlighting e-mobility and the rest of the city, consistently ranking as the best city the successful linking of different energy sectors. The city currently has the highest for international students, who make up about 20% of number of electric vehicle charging stations of any Germany city, and has plans to the student population. add thousands more charging stations in the coming years. Its pioneering role in this sector is underpinned by over 270 projects providing locally generated energy, more Berlin is also a hub for technological development than 1,500 communal heating/power stations or micro power plants, and around 6,000 into sustainable futures, and is a science and research photovoltaic power plants. leader. More than 300 research groups are working on projects in Berlin for a sustainable city, looking into topics like renewables, energy networks and storage, turbomachinery and energy efficiency. Clean energy technology companies employ 60,500 people in Berlin, turning over EUR29 billion annually.

BERLIN'S STUDENT POPULATION BY AREA OF STUDY - Law and Economics 35% 66,922 students Other 10% Engineering 26% 51,085 students

Arts 6%, 11919 students

Maths and Natural Science 10%, 19,551 students Humanities 13% 24,199 students

22 Sources: Times Education World University Rankings, Study EU Sources: Sustain Europe, Berlin Business Location Centre 23 BERLIN BERLIN

EUROPE'S STARTUP HUB -

GERMAN TOTAL INVESTMENT GERMAN INVESTMENT VOLUME H2 2020 VOLUME 2020 - Berlin was once again the hotspot of the German startup scene - “ -15% in 2020, with startups raising over EUR3 billion in venture capital - 58% of the German total. 6.228 3.415

EY Startup Barometer Germany (January 2021) 5.272 3.021 2.813 4.592 2.585 2.479 ” 4.276 2.251 2.082 2.112 3.306 While investment in German startups softened in the first half of the year as a result 1.691

of COVID-19, the second-half saw an impressive rebound registering 380 deals, the 1.304 2.276 1.224 380 largest ever seen in a 6 month period. Total investment volume in H2 came in at over 372 363 972 342 332 EUR3 billion, the second-highest volume of any 6 month period. Total investment volume 262 264 279 for German-based startups in 2020 reached almost EUR5.3 billion, a 15% decrease on 248 237 243 2019's figure but still the second-strongest year on record. 157

278 Berlin-based startups received funding worth over EUR3 billion in the year 2020, 2015 2016 2017 2018 2019 2020 1.HY 2.HY 1.HY 2.HY 1.HY 2.HY 1.HY 2.HY 1.HY 2.HY 1.HY 2.HY 58% of the German total. With a market share of 29%, Bavaria ranks second, ahead of 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 North Rhine-Westphalia, which has a market share of around 4%. Of the top 4 industry sectors, e-commerce and health saw a 35% and 42% respective increase in total Volume (in million €) Number investment volumes from 2019. Mobility, Software & Analytics while being the largest recipients, saw a 28% and 14% respective decline in total investment volume from 2019. TOP 5 FINANCINGS IN GERMANY IN 2020 - NUMBER OF STARTUPS THAT RECEIVED FUNDING IN 2020, BY STATE - Company Month Financing amount in million € State

Schleswig-Holstein Mecklenburg- Hamburg Vorpommern Auto1 Group July 255 Berlin

Lilium March 218 Bavaria Lower Saxany & Bremen Berlin North Rhine-Westphalia Brandenburg Tier Mobility November 212 Berlin Saxony-Anhalt Grover January 195 Berlin Hesse Saxony Infarm September 144 Berlin Rhineland-Palatinate Thuringia

Saarland

Baden-Württemberg Bavaria

24 Sources: EY Germany Startup Barometer (January, 2021) Sources: EY Germany Startup Barometer (January, 2021) TRANSPORTATION INFRASTRUCTURE TRANSPORTATION INFRASTRUCTURE

BERLIN PUBLIC TRANSPORT NETWORK - Berlin has the most sophisticated public transport system in Germany, with more than 1.5 billion passengers using Berlin’s suburban and underground trains, trams and buses each year. The city of Berlin is investing a staggering EUR28.1 billion (USD32 billion) in the transportation network between now and 2035. When compared to the UK Crossrail project and The Grand Paris Express costing USD20 billion and USD28 billion respectively and covering a far more populous metropolitan region, the scale of Berlin's project becomes clear.

Berlin has developed highly efficient inner city infrastructure, as well The headline item from this masterplan is a massive expansion of the city's tramcars as strong connections to wider Germany and Europe. It has the most and lines. Major lines are due in the districts of Kreuzberg, Schöneberg, and Spandau. sophisticated underground and overground service of any German city. According to the plan, the city's tram network will be 28% more extensive, covering 5,334km of roads run through Berlin, of which 73km are motorways. 267 kilometers by 2035. An accompanying major expansion of the fleet will increase However, in comparison to other cities, Berlin has a significantly lower the number and frequency of tramcars by 38%. rate of vehicle ownership, with 43% of German households not owning a car. The number of routes covered by bicycle, train and bus continues to A significant extention of the S-Bahn city rail network is also planned for, specifically in grow, while the use of cars has slowly declined since the late 90's. the north of the city where old unused rail lines will be reinvigorated. The bus service will additionally receive a complete overhaul, with every bus in the city electric by 2030 and running every ten minutes. RAIL - In January 2020, the German € government announced a record breaking EUR86 billion investment Tram Network: 1.5 billion passengers EUR28.1 billion program for the national rail 3rd largest in the world carried per annum investment up to 2035 network. The decision was based on 22 lines and almost 800 stops Germany’s commitment to reducing transport sector CO2 emissions by up to 42% by 2030. The program PUBLIC TRANSPORTATION MAP aims to see regular high-speed

connections operating between BERLIN CENTRAL STATION larger cities, with long-distance Tegel rail passengers increasing from 148

BERLIN million in 2018 to 260 million (+76%) TEGEL AIRPORT BERLIN by 2030.

Mitte

Karlshorst

We have the task of creating a modern rail network that is more S-BAHN “ U-BAHN (U1) U-BAHN (U2) Dahlem punctual, more reliable, more efficient, with more passengers U-BAHN (U3) U-BAHN (U4) U-BAHN (U5) and freight travelling by rail. U-BAHN (U6) Treptow-Köpenick U-BAHN (U7) U-BAHN (U8) BERLIN BRANDENBURG INTERNATIONAL AIRPORT U-BAHN (U9)

- Andreas Scheuer, Germany’s Transport Minister TRAIN STATION ” AIRPORT

26 Sources: FT, Deutsche Welle, Germany Trade & Invest Sources: Bloomberg 27 BERLIN HOUSING MARKET BERLIN HOUSING MARKET

DEMAND Berlin Housing Supply & Demand 2011 - 2035 -

- Deficit: 40,157 units

The city's population has been swelling by an average 20,000 newcomers per year 2,300,000 over the last 20 years, a trend which is expected to continue following the removal of COVID-19 travel restrictions. The influx of newcomers has created a huge boost for the 2,250,000 economy, while putting immense pressure on the already undersupplied housing stock. 2,200,000

2,150,000 Berlin's population is expected to grow by 10% in the next 15 years, reaching in excess 2,100,000 of 4 million inhabitants by 2035. The city will then have 2 million more residents than Deficit: 86,045 units Germany's second most populous city - Hamburg. 2,050,000 Units

2,000,000

Berlin Population Growth Trend 2000 - 2035 1,950,000 - 1,900,000 4.5 1,850,000

4.0 1,800,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 3.5 Housing Stock Housing Deficit Housing Supply

3.0

2.5 Taking the forecasted housing requirement into account and estimating that housing completions may continue at their all-time high of 20,000 units per annum, an 2.0 undersupply of over 40,000 units would still persist in 2035.

1.5 Population [Millions]

1.0 Age groups: SALES AND RENTAL MARKET 0.5 0-14 15-64 - 65+ 0.0 2000 2020 2035

SUPPLY 9.36%* 7.34%* c.1% - CAPITAL GROWTH RENTAL GROWTH VACANCY RATE *5-year average as of 2020 Berlin's construction activity has failed to keep up with the rising demand for housing over the last decade. From 2010 to 2019 an average of 0.58% of apartments were completed each year, while household growth was double that at 1% per annum. The key As demand continued to rise and supply levels struggled to keep up, the vacancy rate contributing factors to subdued construction activity are laborious planning procedures, in Berlin gradually fell from 3.5% in 2011 to around 1% as a result. With average prices increasing scarcity of zoned land in urban areas and a skilled labour shortage in the for newly built apartments in Berlin increasing by 5% in the year 2020, cumulative construction industry. price growth now totals approximately 126% since 2009.

Berlin's structurally undersupplied housing market totalled 86,000 units as of 2019 With increased demand from investors for prime assets in global cities during the according to Deutsche Bank, while 18,999 housing units were completed during the year. pandemic, Berlin's prime market saw the highest price increase in Europe at 6.5% in It is expected the total undersupply may have fallen as low as 80,000 units in 2020, 2020. Thanks to its strong fundamentals and international appeal, the city also has however renewed inward migration and the accompanying economic recovery are once the highest forecast in Europe for 2021 at 6.0% - 7.9% according to Savills Prime Index: again expected to outstrip supply up to 2035 and beyond. World Cities.

28 Sources: Oxford Economics, Deutsche Bank Sources: Deutsche Bank, Oxford Economics, CBRE & Berlin Hyp, Savills 29 TREPTOW-KÖPENICK With approximately 14 residents per hectare, Treptow-Köpenick is one of the least populous districts of Berlin. 60% of the district's area is made up of large bodies of water, forests and space for leisure activities. Here city and nature come together to create a high quality urban area with all that is required to create an attractive Stretching from the River Spree to the Müggelsee lake lies the location for living, working and relaxing. sprawling district of Treptow-Köpenick. Proportionally, this Tesla's first European Gigafactory, Rolls-Royce's EUR20 million German HQ and the district has the largest area of forest, waterways and lakes Technology and Science Region make an appealing case for high-growth sector working professionals. The combined workforce is estimated to total 80,000 people of any Berlin borough. Home to the beautiful old town of in highly-skilled positions. With the new investment of EUR7 billion in the BER Köpenick lined with rowing, sailing clubs and jogging tracks Airport adding to the connectivity of the region, south Berlin is now one of the along the riverbank. This truly is one of the most beautiful fastest growing and innovative locations in all of Berlin-Brandenburg. areas in all of Berlin.

30 31 THE DEVELOPMENT

Located to the south of Treptow-Köpenick overlooking Lake Seddin on the Dahme River is the exquisite waterside residence - Boat Haus. The residential complex consists of 58 apartments across 8 villas ranging from 2 to 4 stories, positioned around an inner piazza.

Ground-floor apartments have a terrace or garden, while all other apartments have a balcony. Boat moorings with space for 40 boats and yachts are available on the private 200 metre waterfront and jetty with an infinite view of Lake Seddin.

32 Computer generated images are intended for illustrative purposes only 33 AREA MAP 3 1 11 TRANSPORTATION

1 Bus and Tram Stop 2 S-Bahn Station (Eichwalde) 5 1 min cycle / 3 min walk 7 min drive / 13 min cycle

3 Berlin Brandenburg Airport 21 min drive / 50 min tram & S-Bhan

LOCAL AMENITIES 4

1 Pharmacy 2 Hair Salon 3 Dentist 2 2 min cycle / 7 min walk 3 min cycle / 8 min walk 3 min cycle / 8 min walk 5

4 General Practitioner 5 Supermarket (REWE) 6 Supermarket (Netto) 3 2 3 min cycle / 8 min walk 3 min drive / 5 min cycle 2 min drive / 4 min cycle 3 4 1 2

7 Fitness Centre 8 Yoga Studio 9 Library 3 4 1 6 min drive / 11 min cycle 6 min drive / 9 min cycle 6 min drive / 9 min cycle 6 1 2 5 2 1 9 7 8 8 RESTAURANTS, CAFES AND BARS 9 7 6 8 7 6 Jü-Bao-Yuan - Bistro Linie 68 Villa Toscana – Italian 1 2 3 S Eichwalde 2 min cycle / 4 min walk Chinese Restaurant Restaurant 9 1 min walk 1 min cycle / 3 min walk 10 4 Red House - Wine Bar 5 Karolinenhof Restaurant 6 Bakery and Cafe 1 min cycle / 4 min walk 4 min drive / 7 min cycle 5 min drive / 8 min cycle 1 4 5 6 7 8 9 2

7 MAYAS - Mexican 8 Ratskeller Santorini - 9 Aao Ji - Indian Restaurant Restaurant Greek Restaurant EMPLOYMENT 6 min drive / 9 min cycle 6 min drive / 9 min cycle 6 min drive / 9 min cycle 1 Rolls-Royce (Aviation) 2 Tesla Gigafactory 3 Berlin Adlershof 28 min drive “Giga-Berlin” Science City LIFESTYLE 20 min drive 15 min drive / 35 min cycle / 37 min tram and S-Bhan 1 Braun's Boat Rental 2 Seddin Sailing Club 3 Rowing Club 2 min walk 1 min cycle / 4 min walk 2 min cycle / 6 min walk 4 Deutsches 5 Fraunhofer Institute 6 Technology and Elektronen-Synchtron for Applied Polymer Science Region (DESY) Research (IAP) 12 min drive / 27 min cycle / 4 Motor Water Sports 5 Rietz Boat Rental 6 Schmöckwitz Water 9 min drive / 19 min cycle 12 min drive / 27 min cycle 41 min bus Club 3 min cycle / 4 min walk Sports Center / 27 min bus / 44 min bus and S-Bhan 3 min drive / 5 min cycle 2 min cycle / 4 min walk 7 Centre for Future 8 Technology and Start- 9 Funkerberg Technology 7 Dahme Yacht Club 8 Schmöckwitz Beach 9 Camp and Recreation Technologies (ZFZ) up Centre Wildau (TGZ) Park 2 min cycle / 6 min walk and Leisure Area Site 12 min drive / 27 min cycle 11 min drive / 26 min cycle / 18 min drive / 39 min cycle 1 min cycle / 4 min walk 2 min cycle / 7 min walk / 41 min bus 40 min bus

10 Eichwalde Beach and 11 Camp and Recreation 12 Park - Chinese EDUCATION Leisure Area Site Garden 4 min drive / 8 min cycle 10 min cycle (including ferry) / 6 min drive / 11 min cycle 1 Humboldt University (Adlershof) 2 Technical University of Applied 23 min walk (including ferry) 15 min drive / 34 min tram & S-Bhan Sciences Wildau 14 min drive / 35 min bus and S-bhan

34 35 COMPARABLES MAP THE DEVELOPMENT

AM GENERALSHOF 15 (69 UNITS)

Size: 54.45 - 145.25 sqm Price range: €342,000 - €1,056,000 Average price: €591,429 Average psm: €7,394 Completion: Q2 2023

SCHLIERSEESTRAßE 2 (14 UNITS)

Size: 78.8 - 122.8 sqm Price range: €418,000 - €1,100,000 Average price: €602,693 Average psm: €6,344 Completion: Q2 2021

DAHMESTRAßE 5 (34 UNITS)

Size: 68.44 - 122.01 sqm BOAT HAUS Price range: €399,000 - €845,000 Average price: €582,600 Size: 60.91 - 124.73 sqm Average psm: €6,551 Price range: €397,650 - €748,400 Completion: Q1 2023 Average price: €546,490 Average psm: €6,489 Completion: Dec 2022

For more information, please speak to one of our consultants.

36 Computer generated images are intended for illustrative purposes only 37 THE DEVELOPMENT

38 39 THE DEVELOPMENT

40 Computer generated images are intended for illustrative purposes only 41 THE DEVELOPMENT

42 Computer generated images are intended for illustrative purposes only 43 SPECIFICATIONS

• COMMUNAL AREA

• 58 individual storage cellars located in the basement Boat Haus is an exclusive waterside • Private 200m waterfront and jetty on Lake Seddin illuminated with designer stainless steel lamps • Each Villa is given an elevator for maximum 5 people / approx. 400kg residence nestled along the bank of Lake • Boat moorings for up to 40 boats or yachts • Two-storey underground car park with 67 parking spaces and 7 overground spaces* Seddin on the Dahme River. • All stairwells are provided with floor tiles, stair-room walls are spat and painted • Fenced garbage collection area on the right hand access area to the property • Covered and uncovered bicycle parking spaces provided • Stairwell lighting activated by motion detectors • Basement corridors illuminated with fluorescent tubes • EXTERNAL DETAILS • Individual storage cellars equipped with light and electricity socket

• Balcony or terrace included with every unit *Available at an extra cost - please contact us for details • Exterior and load-bearing walls made of ecological and environmentally friendly materials • Exterior plaster made of mineral insulation 14cm thermal composite system • Roofs are insinuated with waterproofing membranes, gravel strips and extensive greening

• INTERNAL DETAILS

• Apartment doors self-locking and sealing • Interior doors made of solid wood • All windows are made of aluminium with triple glazing • Video intercom system • Washing machine located in bathroom or storage closet where appropriate • High quality oak parquet and tiled flooring throughout • Underfloor heating

• BATHROOM

• Floors and walls covered by tiles • Bath of the brand Kadelwei • Bath mixer of the brand AXOR • Shower faucet and hand shower of the brand Raindance • Shower separation / pendulum glass door of the brand APREJO ZERO • Toilet of the brand DURASTYLE • Flush plate of the brand TECEsquare • Washstand of the brand Duravit • Mirror with lighting of the brand Duravit • Towel radiator provided

• KITCHEN

• Integrated Oven with 3D hot air technology and EcoClean Direct coating (Bosch Series 4 - HBS233BSO) • Ceramic Induction Hob with TouchSelect (Bosch Series 4 - PIF645BB1E) • Integrated Microwave with AutoPilot 7 technology (Bosch Series 6 - BFL524MS0) • Stainless steel extractor hood with LED lighting (Bosch Series 2 - DFL063W56) • Integrated dishwasher with AquaStop and EcoSilence Drive (Bosch Series 2 - SMV24AX00E) • Integrated fridge freezer with energy efficiency class A++ (Bosch KIS86SDE0) • Natural stone counter top in the colour foggy black • Carlo Nobili high-pressure single lever mixer tap

44 Computer generated images are intended for illustrative purposes only 45 DISCLAIMER

Please note: floor plans, prices and images are for information purposes only and are subject to change from time to time. Areas shown are approximate measurements.

You acknowledge that: (i) the information contained in this document and such other material issued in connection therewith (the “Content”) are provided for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii) the Content is not intended for the purpose of advice, dealing or trading in securities or collective investment schemes; (iii) the Content may include certain information taken from property surveys, stock exchanges and other sources from around the world; (iv) the Content is provided on an “as is” basis and by way of a summary and we do not guarantee the accuracy, completeness, or timeliness of the Content; (v) the Content may be subject to the terms and conditions of other agreements to which we are a party; (vi) none of the information contained in the Content constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or provision of legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or investment; (vii) you should not rely on the Content as the sole means of making any investment decision relating thereto and you should seek professional, independent and specific advice on any such investment decision; (viii) the property market is volatile and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors; (ix) all plans and specifications in the Content are intended as a guide only and are subject to such variations, modifications and amendments as may be required DEVELOPER by the relevant authorities or the relevant developer’s consultants or architects; (x) all renderings and illustrations in the Content are artists’ impressions only and all measurements are approximate subject to final survey and confirmation; (xi) the Content is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation; and (xii) the Content has not been authorised or approved by the Securities and Futures Commission of Hong Kong or any regulatory body of competent authority whether in Hong Kong or elsewhere. Accordingly, you assume all responsibility and risk for reliance upon and the use of the Content and, we, our agents, directors, officers, employees, representatives, successors, and assigns expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) the use of the Content, (ii) reliance on any information contained in the Content, (iii) any error, omission or inaccuracy in any such information including, without limitation, financial data, forecasts, analysis and trends, or (iv) any action or non-performance resulting from the foregoing. This exclusion clause shall take effect to the fullest extent permitted by applicable laws.

PROFESSIONAL ADVICE With over 30 completed construction projects and over 490 completed Any statement contained in the Content is made on a general basis and we have not given any consideration to nor have we made apartments in Berlin and the surrounding area, the team at Megalith any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You are advised to make your own assessment of the relevance, accuracy and adequacy of the information Baugruppe has over 20 years of real estate development experience. contained in the Content and conduct independent investigations as may be necessary or appropriate for the purpose of such assessment including the investment risks involved. You should consult an appropriate professional advisor for legal, tax, accounting, or investment advice specific to your situation, as to whether any governmental or other consents are required or if any formalities should be observed for the purposes of making such investments as are mentioned in the Content. If you are Megalith stands for the creation of high-quality living space with a modern unsure about the meaning of any of the information contained in the Content, please consult your financial or other professional design in exceptional locations. Well thought-out usage concepts generate advisor. long-term value. This is the basis of the Megalith Baugruppe team. THIRD PARTY REFERENCES References to third party publications are provided for your information only. The content of these publications are issued by third parties. As such, we are not responsible for the accuracy of information contained in those publications, nor shall we be held liable for any loss or damage arising from or related to their use.

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