Jones Lang LaSalle – Investment Outlook 1

Russian Real Estate Market Overview

AEB, Moscow, September 2013 Jones Lang LaSalle – Investment Outlook 2 The Economy: Still outperforming

GDP growth GDP per Capita in BRICS (PPP), 2012

9% Russia 17,665 6%

3.5 3% 2.5 South Africa 2.1 1.6 0% Brazil 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2014F 2015F -3% China -6% India -9% USD Russia Advanced Economies* European Union Finland 0 5,000 10,000 15,000 20,000

* 35 countries: Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong SAR, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Malta, Netherlands, New Zealand, Norway, Portugal, San Marino, Singapore, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Taiwan Province of China, United Kingdom, and the United States. Source: IHS Global Insight, Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 3 The New Normal: Growth Drivers are Changing

Russian capacity utilization Revenues from income tax, Russia USD bn 70% 80

65% 70

60% 60 50 55% 40 50% 30 45% 20 40% 10

35% 0

Private sector foreign debt, Russia Russian international reserves vs. Urals oil price USD bn USD bn USD/bbl 400 600 150 350 500 125 300 400 100 250 200 300 75

150 200 50 100 100 25 50 0 0 0 2006 2007 2008 2009 2010 2011 2012

International reserves, USD bn Urals oil price, USD/bbl (RHS)

Source: Rosstat, Central Bank of Russia, Bloomberg, Russian Federal Treasury, Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 4 Balance Sheet: Supported by Prudent Fiscal Policy

Government gross debt, % of GDP Budget balance dynamics 125% 9%

6% 100% 3%

75% 0%

50% -3% -6% 25% -9%

0% -12% 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013F 2014F 2015F 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2014F 2015F

USA Finland France Germany Russia UK Canada USA Japan Finland France Germany Russia UK Canada

Government 5-year bond yield dynamics USD bn International reserves, 2013 15% 2,000 1,800 12%

Hundreds 1,600 9% 1,400 1,200 6% 1,000 800 3% 600 400 0% 200 3,516 1,254 513 374 288 197 146 10 0 129

Russia Germany UK USA Finland

Source: Central Bank of Russia, Ministry of Finance of the Russian Federation, Bloomberg, International Monetary Fund, Oxford Economics Jones Lang LaSalle – Investment Outlook 5 Consumer Sector is a Major Driver of Growth…

Retail sales and wages, YoY real growth Consumer loans issued in Russia USD bn 18% 70 80% 58% 53% 52% 54% 56% 51% 60 43% 60% 15% 38%39% 41% 32% 23% 40% 50 25% 22%22% 20% 16% 19% 12% 20% 40 9% 0% 30 6.0 -20% 6% 20 -45% -40% -48% 3% 5.0 10 -53% -60% -61% 0% 0 -80% 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2014F 2015F -3%

-6% Consumer loans issued, USD m Consumer loans growth (RUB), YoY % Retail sales Real wages Russian inflation vs. Refinancing rate Unemployment rate, 2012 15% Refinancing rate, % Spain 25.0% Greece 24.3% 12% Italy 10.7% EU 27 10.7% 9% 8% France 10.3% 7.5% 7.25% USA 8.1%

6% UK 7.9%

5.5% Finland 7.7% 4.5% 4.5% Russia 5.3% 3% 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2014F 2015F 0% 5% 10% 15% 20% 25% 30%

Source: Rosstat, Central Bank of Russia, IHS Global Insight, Ministry of Economic Development Jones Lang LaSalle – Investment Outlook 6 … and It Will Continue to Be So Retail spending as a share of total private spending in 2012 Household distribution by nominal income level expected in 2015 100% Italy 90% Germany 80% 70% UK 60% 50% Spain 40% Poland 30% 20% France 10% 0% Finland

Russia 60%

0% 10% 20% 30% 40% 50% 60% Less than $15,000 $15,000 to $25,000 $25,000 to $50,000 Above $50,000 Hundreds Maximum individual income tax: International comparison Household debt per adult, 2012

Russia 13% Russia 1,260 Brazil India Turkey Poland Poland USA

UK Germany China France France Germany Finland Finland

0% 10% 20% 30% 40% 50% 60% 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 USD

Source: GfK Geomarketing, CEEMEA Business Group, KPMG, IHS Global Insight, Credit Suisse Wealth Databook (2012) Jones Lang LaSalle – Investment Outlook 7 Investment Volumes: Well beyond Crisis

Investment volume dynamics, USD bn* Investment volume breakdown by sector USD bn % 10 100 Q4 Q3 Q2 Q1 8.5 8.7 90 8 7.5 80 70 6 60 5.1 4.9 50 4.0 3.9 40 4 3.2 30 2 20 0.8 10 0.1 0.3 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2008 2009 2010 2011 2012 H1 2013 Office Retail Mixed Hotel Residential Industrial

H1 2011 2011 H1 2012 2012 H1 2013 Real estate investment volume, USD m* 4,040 8,499 2,851 8,743 3,726

Moscow share 69% 69% 93% 88% 89%

St. Petersburg share 25% 27% 3% 10% 4%

* Investment deals, excluding land acquisitions, JVs, direct residential sales to end-users. Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 8

Source of Capital and Sector Interest

Real estate investors by origin Investment volume breakdown by sector, 2012 – Q1 2013 100% (Russia – inside pie, Global – outside pie) 90% 80% 70% Hotel 60% 7% 50% Retail 40% Industrial 25% 30% 13% 20% 10% Hotel Industrial 0% Retail 6.0% 5.7% 2007 2008 2009 2010 2011 2012 H1 2013 27.9% Mixed Mixed 3% China UK Canada USA Kazakhstan 14.2% Finland Global Other Confidential Russia Other Other 2% 6.7% Real estate investors by origin, 12-month moving average Office 100% 39.5%

80%

60%

40% Office 20% 50%

0%

Russian Foreign Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 9 Office Investment, H1 2013

Office investment volumes, USD m 4,000 3,331 3,500 3,000 2,392 2,503 2,336 2,000 1,836 1,147 1,215 1,000

0 2006 2007 2008 2009 2010 2011 2012 H1 2013 Moscow St. Petersburg Regions

Moscow market balance Prime rent dynamics St. Petersburg market balance

'000 sq m % USD/sq m/year '000 sq m % 2,400 24 1,400 450 27 400 24 2,000 20 USD1,150 1,200 350 21 1,600 16 300 18 1,000 250 15 1,200 12 200 12 800 800 8 150 9

600 USD550 100 6 400 4 50 3 0 0 400 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2007 2008 2009 2010 2011 2012 H1 2013 Take-up Completions Vacancy rate (RHS) Net absorption Completions Vacancy rate (RHS) Moscow St. Petersburg

For European comparison see the Appendix. Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 10 Stock, Vacancy Rates and Base Rents Dynamics Stable market – flat rents and slowly declining vacancy rates

Class A USD/USD/ Class B+ USD/ '000'000 sq sq m m Class A sqsq m/year m/year '000 sq m sq m/year 3,000 2,000 9,000 1,000 3,000 206206 2,000 407 219219 230 9696 1,8001,800 8,000 332 900 2,500 297297 423 2,500 1,6001,600 585 800 342 7,000 342 918 1,4001,400 600 700 2,0002,000 369 1,1501,150 6,000 369 1,200 1,087 600 1,200 5,000 1,5001,500 1,0001,000 649 500 4,000 215215 800800 400 1,000 850850 3,000 1,000 600600 300 400 2,000 200 500500 400 200200 1,000 100 00 00 0 0 20072007 20082008 20092009 20102010 20112011 20122012 H1H1 2013 2013H2H2 2013F 2013F 2007 2008 2009 2010 2011 2012 H1 2013 H2 2013F

Modern stock ('000 sq m) ModernModern stock stock ('000 ('000 sq sq m) m) NewNew с ompletionsсompletions ('000 ('000 sq sq m) m) New сompletions ('000 sq m) PrimePrime rent rent (USD/sq (USD/sq m/year) m/year) BaseBase rent, rent, Class Class A A (USD/sq (USD/sq m/year) m/year) Base rent (USD/sq m/year)

USD/ '000 sq m Class B- sq m/year Vacancy Rates

5,000 125 17 15 65 1,000 30% 259 112 4,500 755 900 4,000 800 25% 549 3,500 700 20% 17.9% 3,000 600

2,500 400 500 15% 12.7% 2,000 400 10% 1,500 300 11.0% 1,000 200 5% 500 100 0 0 0% 2007 2008 2009 2010 2011 2012 H1 2013 H2 2013F 2007 2008 2009 2010 2011 2012 Q2 2013 2013F

Modern stock ('000 sq m) Class A Class B+ Class B- New сompletions ('000 sq m) Base rent (USD/sq m/year) Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 11 New Completions Dynamics Around 60% of the H1 office new completions are located in decentralized submarkets

By Classes By Submarkets

'000 sq m '000 sq m 2,500 2,500

2,000 2,000

1,500 1,500

1,000 1,000 678 678

500 341 500 341

0 0 2007 2008 2009 2010 2011 2012 H1 2013 H2 2013F 2007 2008 2009 2010 2011 2012 H1 2013 H2 2013F

Class A Class B+ Class B- CBD From GR to TTR Moscow City Outside TTR

* Central Business District (CBD) comprises the area within and in close proximity to the Garden Ring and Tverskaya-Yamskaya Street. Source: Jones Lang LaSalle ** The submarket from the Garden Ring (GR) to the Third Transport Ring (TTR) excludes Moscow City. Jones Lang LaSalle – Investment Outlook 12 Availability by Submarkets Dynamics Class A availability focused on CBD, Class B decentralized

Class A White Gardens (50,875 sq m) Class B+ Lotte BC (33,000 sq m) '000 sq m Aquamarine III (45,473 sq m) '000 sq m Quadrum (23,802 sq m) Wall Street (19,173 sq m) Grand Setun Plaza (20,629 sq m) 600 1,200 999 500 458 1,000

400 800

300 600

200 400

100 200

0 0 2007 2008 2009 2010 2011 2012 Q2 2013 2007 2008 2009 2010 2011 2012 Q2 2013

CBD From GR to TTR Moscow City Outside TTR CBD From GR to TTR Moscow City Outside TTR Class B- '000 sq m 800 700 600 514 500 Vavilovo (10,422 sq m) Format II (9,122 sq m) 400 Sokolniki Plaza (8,563 sq m) 300 200 100 0 2007 2008 2009 2010 2011 2012 Q2 2013 Source: Jones Lang LaSalle CBD From GR to TTR Outside TTR Jones Lang LaSalle – Investment Outlook 13 Total Take-up by Submarkets Dynamics Market changes driven by activity outside CBD – 50% of transactions outside TTR, 75% outside Garden Ring

'000 sq m 2,000 1,800 1.6m 1,600 1,400 1,200 1,000 800 600 400 H1 2013 200 0 2007 2008 2009 2010 2011 2012 2013F

CBD From GR to TTR Moscow City Outside TTR

Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 14 Demand by Business Sectors, Q2 2013 The split between domestic and international occupiers was almost equal Russian companies (52%) International companies (48%) Banking & Wholesale & Wholesale & Finance Retail Service Banking & Retail 4% Industries 4% Finance 7% 11% 13% Other 2% Business Services 43% Business Services Manufacturing 16% 22%

Manufacturing 42%

Construction, Construction, Mining & Mining & Exploration Exploration 33% 1%

Building Office Type of Building Name Occupier Business Sector Class Area, sq m Deal Bolshevik Factory B+ 10,809 Publicis Groupe Pre-lease Business Services Naberezhnaya Tower A 8,678 IBM Renewal Business Services Construction, Mining & SkyLight A 6,578 Stroytransgaz Lease Exploration Silver City B+ 4,700 Rusatom Overseas Lease Manufacturing Imperial House A 2,980 Pernod Ricard Lease Manufacturing Black&White (Phase II) B+ 2,971 Renault Lease Manufacturing LIGHTHOUSE A 2,776 KIA Motors Lease Manufacturing

* Calculated on the basis of deals known to Jones Lang LaSalle Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 15 Demand by Business Sectors Dynamics Take-up in H1 was driven mostly by Russian companies with a 60% share

Russian companies International companies

'000 sq m '000 sq m 600 350

300 Largest deals: 500 Publicis Groupe (10,809 sq m) Largest deals: JTI (10,000 sq m) '000 sq m 250 IBM (8,678 sq m) 400 Gazprom (24,606 sq m) 600 Tinkoff Credit Systems (7,287 sq m) Stroytransgaz (6,578 sq m) 200 300 500 150 400 200 300 100 200 100 50 100 0 0 0 2007 2008 2009 2010 2011 2012 H1 2013 2007 2008 2009 2010 2011 2012 H1 2013 2007 2008 2009 2010 2011 2012 H1 2013

Banking & Finance (Insurance, Funds) Business Services (Accounting, Real Estate, Legal, IT, Consulting) Construction, Mining & Exploration Manufacturing (Pharma, Electronics, FMCG, Machinary & Equipment) Service Industries (Tourism, Leisure, Internet Services, Printing/Publishing, Telecommunications) Wholesale & Retail Other * Calculated on the basis of deals Source: Jones Lang LaSalle known to Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 16 Major Projects Completed in H1 2013

Park Tower White Gardens Class B+ Office Center 11,850 sq m Class A Sovcombank 63,900 sq m Q1 2013 Q1 2013 AIG/Lincoln

CityPoint Rosso Riva Class B+ Class A 9,951 sq m 11,947 sq m Tashir Group General Directorate Q1 2013 Q1 2013 Centre

Wall Street Black & White II Class A Class B+ 20,493 sq m 13,000 sq m AVGUR ESTATE Progress-Finance Q2 2013 Q1 2013

LOTTE BC Newton-Plaza Class B+ Class B+ 38,480 sq m 52,000 sq m LOTTE ITELMA- Q1 2013 Q1 2013 BusinessStroy

Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 17 Samples of Pipeline

Country Park Bolshevik Factory (Phase III) Class B+ Class A 17,555 sq m 22,000 sq m O1 Properties Q3 2013 Race Communications Q3 2013

Riga Land Mercury City Tower (Phase II, Block A) Class A Class B+ 87,600 sq m 43,000 sq m Mercury Development Q3 2013 Q3 2013 Polishyolk

Vodny MFC Lotos BC Class B+ Class B+ 61,570 sq m 88,392 sq m MR Group MR Group Q2 2014 Q4 2014

Park Pobedy Federation Tower - Class B+ East (A) 80,000 sq m Class B+ FinProm 101,000 sq m Q3 2013 Q1 2014 Potok8

Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 18 Millionniki*

Perm Nizhniy Kazan Ufa Yekaterinburg Novgorod 24.05 38.19 28.5 37.89 23.07 6.82 8.40 10.49 9.05 7.48

Krasnoyarsk 35.59 7.96 Rostov-on-Don

22.81 Samara 9.5 24.93 Chelyabinsk Novosibirsk 8.21 23.23 Omsk 17.27 7.4 13.43 GRP* (‘000 USD, current prices, 2011) 7.35 *Regional cities with population more than 1m inhabitants 8.79 *Gross Regional Product Annual income per capita (’000 USD) Source: Rosstat Jones Lang LaSalle – Investment Outlook 19 Market Overview: 20% Growth in 2014

 Overall Millionniki quality office stock reaches around 2.4 million sq m.  Yekaterinburg is a leader among Millionniki cities regarding current quality office supply – 537.5 thousand sq m.  New local and a few major Russian developers’ projects are entering the market. However, the majority of projects are realized by local developers, who lack experience.  Announced pipeline for H2 2013 and 2014 is around 514,000 sq m.  Nevertheless, the completions level might be lower than declared, as projects get stalled or delayed.

Omsk Omsk Ufa Ufa Chelyabinsk Chelyabinsk Perm Kazan Kazan Perm Krasnoyarsk Nizhniy Novgorod Rostov-on-Don Rostov-on-Don Nizhniy Novgorod Samara Samara Krasnoyarsk Novosibirsk Novosibirsk Yekaterinburg ' 000 sq m Yekaterinburg sq m 0 100 200 300 400 500 600 700 800 0 100 200 300 400 500 Current stock Pipeline, 2014 Current stock per '000 inhabitants

Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 20 Market Overview: Foreign players well represented

 Demand for high quality office space mainly comes from international businesses and large Russian companies.  Growing local businesses are catching up and are slowly switching from Class C to Class B offices, but still being guided by limited budgets.  Considerable volume of occupied office spaces is represented by premises on the ground floors of residential buildings, in academic institutes and in old administrative buildings.

Onegin Plaza Stolitsa Nizhniy Chelyabinsk City Yekaterinburg Nizhniy Novgorod Chelyabinsk Lease Lease Lease 12,700 sq m 17,100 sq m 20,740 sq m Tenants Tenants Tenants MSD pharmaceuticals, МТТ Raiffeisen Bank, Rosbank OAO MTC, VympelKom Johnson Controls, Chandler Nestle, KPMG Orange Business Solutions 2009 Logistics, Ancor 2005 Credit Europe Bank 2008 HomeCredit & Finance Bank

Alexandrovskiy Passage Festival Greenwich Ufa Omsk Novosibirsk Lease Lease Lease 2,000 sq m 12,000 sq m 13,348 sq m Tenants Tenants Tenants IBM, Raiffeisen Bank Unilever, Danfoss Rosneft, Philip Morris, Volvo HomeCredit & Finance Bank Alkogolnaya Sibirskaya Procter&Gamble, Yandex 2010 2010 Gruppa, RIA Novosti Source: Jones Lang LaSalle Deloitte, Phillip Morris 2007 Kraft Foods, Uralsib

Jones Lang LaSalle – Investment Outlook 21 Market Overview: Top level rents = Moscow Class B

Omsk Samara Novosibirsk Perm Rostov-on-Don Ufa Nizhniy Novgorod Omsk Chelyabinsk Chelyabinsk Perm Rostov-on-Don Samara Kazan Ufa Nizhniy Novgorod Krasnoyarsk Krasnoyarsk Yekaterinburg Novosibirsk Kazan '000 USD Yekaterinburg USD/sq m/year 0 5 10 15 20 25 30 35 40 45 0 200 400 600 800 Annual income per capita GRP Min rent Max rent

Source: Jones Lang LaSalle

 The highest rent for Class A (USD600/sq m/year average) is recorded in the six following cities: Novosibirsk, Yekaterinburg, Nizhniy Novgorod, Kazan, Rostov-on-Don.  The lowest rent for Class B (USD160–180/sq m/ year average) is recorded in Ufa and Omsk.  Samara’s Class A office stock is quite wide and various, however at lower prices comparing to other Millionniki cities.

 Tenants in Millionniki cities are price sensitive – giving their preference to less quality offices at the lowerSource rent: Jones. Lang LaSalle  High quality offices’ rents in regions reach Moscow Class B+ levels. Jones Lang LaSalle – Investment Outlook 22 Retail Investment: H1 2013

Retail investment volumes, USD m 4,000 3,374 3,000

2,000 1,853 1,503 1,595 1,362 1,468 1,000 431 440 0 2006 2007 2008 2009 2010 2011 2012 H1 2013 Moscow St. Petersburg Regions

Moscow market balance Prime rent dynamics St. Petersburg market balance

'000 sq m % USD/sq m/year '000 sq m % 5,000 12 5,500 2,400 14 12 4,000 10 USD4,500 2,000 4,500 10 8 1,600 3,000 8 6 3,500 1,200 2,000 6 4 800 4 2,500 1,000 USD2,000 2 400 2

0 0 1,500 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013F 2005 2006 2007 2008 2009 2010 2011 2012 2013F Completions Completions Stock as at the beginning of the year Stock as at the beginning of the year Vacancy rate (RHS) Moscow St. Petersburg Vacancy rate (RHS)

For European comparison see the Appendix. Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 23 Retail Market: Underserved Consumer Retail sales, % YoY Total retail sales in 2012, USD bn 8% 2011 2012 2013 (Forecast) 6% 4% Ireland, 35.1 Romania, 30.7 2% Czech Republic, 40.1 Hungary, 29.8 0% Greece, 45.9 Slovakia, 17.2 Portugal, 50.2 Croatia, 15.4 -2% Finland, 54.2 Others**, 59.5 -4% Denmark, 56.4 -6% Norway, 63.4 -8% Austria, 65.3 Russia, 582.4 -10% Sweden, 94.7 Belgium, 99.6 Poland, 103.1 Switzerland, 106.9 France, 537.4 Shopping centre supply per 1,000 inhabitants: European comparison Netherlands, 117.7 sq m Turkey, 178.7 Germany, 527.0 800 Spain, 692 681 700 245.9 622 621 598 600 Italy, 325.2 United Kingdom, 500 485.2 391 385 369 400 348 333 300 300 229 208 181 200 100 0

Source: Oxford Economics (July 2013), Jones Lang LaSalle, GfK Geomarketing Jones Lang LaSalle – Investment Outlook 24 Regional Retail: Huge Potential

Investment Breakdown by City Russia Shopping Centre Gross Income in Russian Cities Supply Distribution 100% 100% 5% 6% 11% 90% 17% 1% 30% 30% 2% 30% 80% 37% 80% 34% 39% 35% 18% 70% 7% 64% 66% 60% 60% 30% 31% 50% 27% 25% 93% 87% 40% 40% 44% 13% 66% 65% 63% 13% 30% 10% 12% 9% 4% 7% 4% 4% 20% 20% 8% 5% 29% 23% 23% 17% 10% 21% 18% 18% 0% 0% 2007 2008 2009 2010 2011 2012 H1 2013 Q2 2013 2014F Sq m, % Number, Q1% 20131 Moscow St. Petersburg Regions Moscow Moscow Region St.Petersburg Millionniki Other cities

* Existing, under construction and planned projects are taken into consideration Source: Rosstat, Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 25 Workplace Strategy: Benefits to the Occupier

 Increases space efficiency  Increases productivity and performance through appropriate space, technology and occupancy planning  Reduces real estate costs  Improves recruitment and retention of staff through an enhanced workplace that provides flexibility and mobility  Enhances the brand and culture of the company  Increases organizational effectiveness

Flexible hours are 85% foreign 90% favour Desk-sharing is companies confirmed that allowed by 45% of workstations in open their current workplace implemented by 6 out of respondents, while space with some program in Moscow is in individual/shared closed line with company’s global 20 respondents. 35% of corporates offices. guidelines sometimes allow working from home

Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 26 Workplace Strategy: Firms already implementing change

• 70% percent mentioned that a formal strategy is already in place and the remaining 30% percent are in the process of implementing one in the next 12 months.

• 50% of companies that responded cited that their workplace strategy has been developed within the last three to four years.

• 66% of the respondents use an Electronic Document Flow system.

• Depending on the business unit the desk-sharing ratio will vary from 1.2 to1.5 employees per desk.

• Over 50% cited that when planning the lay-out of their new office, the number of meeting rooms increased significantly.

• Change management programs were conducted by 65% of all respondents in implementing their current workplace strategy.

• The majority view the workplace strategy as an important and powerful tool that drives employees productivity.

• Respondents noted that employee satisfaction with the approach to workplace is typically measured annually through annual global satisfaction surveys.

• Most companies regard sustainability as an important element of their overall real estate and workplace strategy.

Source: Jones Lang LaSalle Jones Lang LaSalle – Investment Outlook 27

Thank you!

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