KNIGHT FRANK GLOBAL WEALTH ALEX KOCH DE GOOREYND

KNIGHT FRANK GLOBAL WEALTH ALEX KOCH DE GOOREYND

W E A LT H T R E N D S I N V E S T M E N T B E H AV I O U R K E Y I N V E S T M E N T C O N S I D E R AT I O N S C I T Y I N S I G H T S

OUR WORLD, OUR CLIENTS 5.5m Social media reach for International View 2017 1,200 of our clients have over US$125m in assets 21,900+ Residential properties for sale on knightfrank.com 20% of Bloomberg Billionaires 2016 are our clients 500M pages viewed on our website in the past five years One of the main things that sets our firm apart from others is our commitment to long-term, personal client relationships. Direct access to over 4,000 ultra high net worth individuals 1.2M clients on our global databases Future is digital 60,000 Twitter, 22,000 Instagram & 35,000 Facebook. Visits booked via Linked-In

True Network - London (30), Paris (8) Frankfurt, Quinta, Lisbon

GLOBAL WEALTH TEAM MOSCOW INDIA STRATEGY AND MANAGEMENT Sarah May-Brown Sami Robertson Katya Zenkovich Marina Shalaeva Alasdair Pritchard Shishir Baijal CHINA USA Stuart Cole Yi Cheng Daniel Daggers Alex Foshay MONACO HONG KONG SWITZERLAND Edward de Mallet Morgan Pieter van Naeltjwick SAUDI Charles Penny Maggie Lee Alex Koch de Gooreynd Jacques Emery UAE SINGAPORE Profiling team One point of contact Stefan Burch Alasdair Pritchard Ronny Wong Alex James Moreas Madani Knight Frank 5 Tom Hawkins Sami Robertson Linda Chern

A TRUE GLOBAL NETWORK IN ACTION Zurich Buyer introduced to our Tuscany office Geneva seller now looking with our London super prime team Moscow buyer introduced to the Vevey team 18.8m 60 1,8m London referral for the sale of a villa in Cap-Ferrat International referrals made per month Fees billed in 2017 from cross border referrals

The impact of private wealth on global property markets 12 th edition, $1 trillion of private investment Wealth creation & movement, attitudes survey (40 UHNW & 10,000), sentiment affects property performance & luxury assets performance

2012-2017 RUSSIA & CIS NORTH AMERICA EUROPE 10% AFRICA MIDDLE EAST -3% -37% ASIA 31% 37% 18% -22% LATIN AMERICA & CARIBBEAN -8% -13% AUSTRALASIA Global flows, Wealth X 5yrs, UHNWI - $50m net assets (129,730) Contrast South America 16/17 + 710 v China 16/17 + 4,590

Future Growth RUSSIA & CIS NORTH AMERICA EUROPE 34% AFRICA MIDDLE EAST 27% 25% ASIA 36% 55% 40% 30% LATIN AMERICA & CARIBBEAN 31% 35% AUSTRALASIA Next 5yrs - Wealth X Medium-term growth, continuing trend, not indefinite

The new millionaires US 485,000 China 159,000 4,000 pa. China s annual $ millionaire production rate equates to Russia s overall total Despite China s growth the US is the undoubted wealth creation powerhouse China s importance is the mobility of its wealth, biggest buyer in London

Money flows increasing 721% - the three-year growth in Chinese funds held overseas Pace of money movement, unique view of global money flows Bank for International Settlements data, $172bn increase in three years to June 2017

Investment activity: allocation changes CHANGE IN ALLOCATION 21% CRYPTO- CURRENCIES 62% 25% 56% 30% 46% 38% 45% Attitudes survey Wealth flooding into hard assets: 150 super yacht completions. 2nd + since 2008 Records broken at auction: $23m record for British Car, Paul Newman s Rolex ($18m), diamond record ($71m) Source: The Wealth Report Attitude Survey

UHNWIs flows increasing 21% of UHNWIs plan to emigrate Money moving and people moving 24% of Asian UHNWIs have a second passport / nationality, 26% are considering it $3bn purchasing passports / citizenship

European Super Prime Market on the move? Portofino BENAHAVIS Geneva FLORENCE Cannes COTE D AZUR All in 2017 After difficult 10 yrs

2017 The rise of the mega deal 43% 20 FENCHURCH STREET London Demand for Trophy $1b of overall investment FO - $1.8 Trillion AUM, 55% RE exposure Private THE LEADENHALL BUILDING London Investors THE CENTER Hong Kong

Strength of the City markets

Relative Values MONACO (16) NEW YORK (25) LONDON (28) SINGAPORE (39) How many square metres of prime property does $1m buy? GENEVA (41) PARIS (46) VIENNA (47) ZURICH (53) LAUSANNE (63) BEIJING (66) ROME (68) BERLIN (77) MOSCOW (83) DUBLIN (106) AMSTERDAM (108) MADRID (112) LISBON (121) DUBAI (138)

Demand outweighs supply BERLIN 10,000 BIRMINGHAM 1,750 Net additional dwellings delivered in 2016-2017 20,000 Housing need per annum Net additional dwellings delivered in 2016-2017 3,575 Housing need per annum Berlin deficit of 77,000

Taxation London -9% Tighter monetary policy/cooling measures, Vancouver 20% in 2016 v 4% Foreigner restrictions in New Zealand, Singapore (+20% stamp) and Australia mortgage ban (Sydney -51%)

Lisbon 6,500 Average price per sqm 2 nd Safest capital in the world 22% Increase in tourism in 2017 3,3bn 222% Invested in Golden Visa since 2012 Increase in Golden Visa requests by Brazilians since June 2017 5.2% 35,000 Average % rental yields New start-up companies registered in 12 months Accessibility, affordability, culture. 22+m tourists in 2017, Golden visa, No inheritance tax, start up incentives. Beware future AirBNB (18%)

Berlin 45,000 Newcomers every year 11.6% Property price increase in 2017 1.6% Vacancy rate 1st 85% According to PWC for overall investment and development prospects Rental Market 43% 3.01bn Of buyers are International Invested in start-ups during 2017 29 years old, Start up & tech capital, Mercedes innovation center Affordability, culture.

London 19.8 million Visitors to London in 2017 4,238 New technology companies in 2017 3.3% Gross prime yield in prime central London 2,447 379 Prime properties average psf UK tier 1 Investor main applicant visas granted in 17/18 2nd 468,845 Knight Frank City Wealth Index 2018 Average capital value in wider London 2018 Google 1bn HQ, Apple 1,400 staff in Battersea Source Knight Frank research, VisitiBritatin Inbound stats, Forbes.com, Home Office and Nationwide

Schiphol 6 runways. Tottenham Crt Rd - +85% in 10 yrs since Crossrail announced

Leading lights: top picks for private investors LOGISTICS AGRICULTURE FLAGSHIPS Amazon Australia end 2017 Increased Population, climate, water shortages = cropping area 3x size of France by 2030 Retail still imperative - showcase products & brand values, create a destination

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