PROPERTY DATA - SECTOR STATISTICS Q Sector Breakdown. Other 12.0% Central London Offices 37.3% Leisure 8.7% Industrial 9.0%

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1 PROPERTY DATA - SECTOR STATISTICS Q3 212 Q3 212 Q YEAR-TO-DATE ( m) Value m Number NIY % Value m Number NIY % Value m Number NIY % Offices 3, , , Offices 1, , Centres , , , Industrial , Leisure Other 1,82 27 n/a n/a 2, n/a All Property 8, , ,82 1, Sector Breakdown Q3 212 Q3 211 Leisure 4.6% Industrial 5.3% Other 12.% Offices 37.3% Leisure 8.7% Other 12.4% Offices 31.3% 9.3% 5.3% Centres 8.3% Offices 17.9% Industrial 9.% 15.7% 5.6% Offices 11.6% Centres 5.7% Q3 212 Q3 211 Central 3,5 London Offices 3,349 2,354 Offices 1, Centres , ,183 Industrial Leisure 2, Other 1, , Value of Transactions Calendar Y-T-D Comparison ( m) 1,5 1, 5 Offices Offices Centres Industrial Leisure Other Q3 212 Q3 211

2 PROPERTY DATA - INVESTOR STATISTICS Q3 212 Q3 212 ( m) Q3 211 ( m) 212 YEAR-TO-DATE ( m) Purchases Sales Net Purchases Sales Net Purchases Sales Net 1,936 1, ,449 1, ,582 4, ,968 3,3-1, ,371-1, , ,72 4,578-1,858 Investors 4,165 1,915 2,25 2,36 1, ,58 5,532 6,48 Investors , Occupiers ,41 2,298-1,257 Banks 1,17-1, ,71-1,664 Other , Total 8,983 8,983 7,514 7,514 24,82 24,82 Purchaser Breakdown Q3 212 Q3 211 Investors 4.4% Occupiers 4.8% Other 2.% 21.6% 1.% ivate Investors 6.9% Occupiers 2.6% Other 3.9% 32.6% Investors 46.4% 1.9% Investors 31.4% 1.4% 12.2% Net Investment Comparison ( m) Q3 212 v Q ,5 2, Net Investment Value ( m) 1,5 1, , -1,5 Q3 212 ( m) Investors Q3 211 ( m) Investors Occupiers Banks Other

3 PROPERTY DATA - CENTRAL LONDON OFFICE INVESTMENT Q3 212 All West End (W1 / SW1) City (EC1-4) Value m Number NIY % Value m Number NIY % Value m Number NIY % Q3.1 2, , , Q4.1 3, , , Q1.11 2, , , Q2.11 2, , Q3.11 2, , Q4.11 2, , Q1.12 3, , , Q2.12 3, , Q3.12 3, , , Office Investment - Purchaser Breakdown Q2.212 Q Q Quoted PropC Quoted Prop 446 Other 8.8% % Prop 119 Other 5.3% 1, ,159. individu indivi % Other individual 5.9% 294 Other 124 individual 2.4% 19.1% 55.3% 9.2% 49.2% 5.1% 18.9% Office Investment Value m 4, 3,5 3, 2,5 2, 1,5 1, 5 Q3.1 Q4.1 Q1.11 Q2.11 Q3.11 Q4.11 Q1.12 Q2.12 Q Number Value m Number

4 METHODOLOGY COMPILATION Property Data (PD) has been tracking the investment transactions market since Our primary sources of information have been the property press, general press releases, and company and fund reports. In 21 PD began compiling direct deal submissions from surveying firms active within the investment market. This means that we are now recording transactions that have not been previously released into the public domain, and thus provides PD with a unique source of investment research. DEFINITIONS TRANSACTIONS Records are maintained for transactions that represent the transfer of a controlling interest in a property or portfolio of properties. Transactions include only asset sales and not entity-level transactions. Thus, merger and acquisition activity among property companies and the transfer of interests in co-mingled funds are not included in the analysis. Property: Portfolio: Price: Date: A property is an individual asset that may include one or a collection of buildings (e.g. a business park or retail warehouse park). Parks, complexes and neighbouring buildings are considered one property. A property may include developable land. A portfolio is comprised of two or more distinct assets that trade together between the same buyer or sellers. Parks, complexes and neighbouring buildings are not considered portfolios but counter as a single property. A portfolio transaction is counted as a single transaction in our analysis and not as the number of component properties. Most prices are confirmed via two or more independent sources. PD works to the completion date of the transaction, however we receive a number of transactions at exchange. Since PD has been receiving direct deal submissions we have noted that there can be a substantial time lag, up to six months, between the transaction completion and its release into the public domain. PROPERTY TYPES Office: : : Warehouse: Centre: Unit Shops: Primarily used for office space. Office properties may have a small retail component (especially in city centre), or a car park, or other attached uses. Business Parks are classified as a sub-type of office. EC, WC, SW1, SW7, SW3, W8, W1, W2, E14, E1, W11, NW1, SE1, SW1, W6 is divided into the following sub-sectors: Includes both solus and park. Centres in excess of 3, sq ft, not including parades or arcades. Free-standing shop unit that may include one or a collection of buildings if adjoined in the same street / parade. : out-of-town supermarkets. In-town units are classified unit shops

5 Industrial: Leisure: Other: For industrial use, such as distribution or manufacturing facilities. Distribution Warehouses are classified as a sub-type of industrial. Includes leisure parks, bingo/bowling outlets, health & fitness, hotels, public houses, restaurants and bars. Only properties sold as investment are recorded and not the sale of premises to operators. This includes properties where the share of rental income from two or more property types cannot be easily determined. Other also includes nursing homes and car showrooms. INVESTOR CLASSIFICATIONS : Quoted Property Companies: Property Companies: Non-bank financial institutions are defined to include pension funds, insurance companies, unit trusts, property unit trusts and limited partnerships (only for commingled funds). Companies that are listed under Real Estate on the LSE, the AIM and PLUS markets. Non quoted UK registered companies. Investors: Where the investor has been clearly determined as an overseas investor. This classification has the following sub-categories; German, Irish, Other European, Middle Eastern, Far Eastern, US, Other. Investors: Including private syndicates. Banks and Financial Banking organisations that have taken an equity interest in a property investment. : Receiverships and bank sales are also included within this classification. Occupier: An organisation that owns property for its own occupational requirements. NB: Investor Attribution: in joint ventures involving two purchasers, each investor is attributed 5% of the value of the transaction. Where a joint venture involves three investors, each party is attributed 33% of the value of the deal. FOR FURTHER INFORMATION ON THIS REPORT PLEASE CONTACT: MARK PICKERING PROPERTY DATA markpickering@propertydata.com T: