Exhibit 99.5
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Business Review Day |
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Global Corporate Services |
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Steve Swerdlow |
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President |
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March 23, 2005 |
[LOGO]
2004 Total Americas Revenue Percentages
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Overview
GCS provides integrated real estate services to multinational corporations
GCS services |
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Transaction Management |
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Facilities Management |
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Portfolio Management & Lease Administration |
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Project Management |
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Consulting |
Key differentiators |
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Global coverage |
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Leading real estate technology platform |
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Largest base of transaction professionals and execution track record |
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Disciplined account management |
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Organization Account Management Model
BUSINESS |
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C LEVEL |
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SHARED |
UNITS |
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EXECUTIVES |
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SERVICES |
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CORPORATE REAL ESTATE |
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ORGANIZATION |
REAL ESTATE STRATEGY
IMPLEMENTATION
SERVICE
DELIVERY
TEAM
INTEGRATED SERVICES
Transaction |
Facilities |
Portfolio |
Project |
Consulting |
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Management |
Management |
Management |
Management |
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TECHNOLOGY & PROCESS PLATFORM |
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Technical |
Appraisal |
Brokerage |
Asset |
Field Project |
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Services |
Services |
Management |
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Statistics Diversified Client Base by Industry
[CHART]
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Statistics Client Distribution by Geography
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Statistics Significant Growth in Client Base
Major Clients
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Transaction Management
(millions sq. ft.)
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Key Business Drivers
Centralization of the corporate real estate function
Corporations seeking cost reductions through real estate outsourcing
Regulatory environment creates C-level focus on real estate valuations, data, and process
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Key Business Drivers Centralization of the Corporate Real Estate Function
Corporate real estate reorganization reason % of respondents |
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Clients seek |
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GCS dominant global footprint |
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GCS full spectrum of services |
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GCS account management model |
Source : Real Estate Executive Board research
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Key Business Drivers Cost Reductions through Outsourcing
Real estate is among the top 3 expense categories for our clients
80% of companies aim to cut real estate costs(1)
76% of companies seek to cut costs by outsourcing(1)
Real estate outsourcing market growing at > 18% annually(2)
(1). Ernst & Young
(2). McKinsey & Company
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Key Business Drivers Regulatory Environment
Sarbanes-Oxley (SOX) requires CEOs & CFOs to personally certify the accuracy and completeness of financial information, including real estate
Section 404 of SOX requires all material data and processes to be documented, assessed by management, and audited
SOX requires identification of financial risks, including for leased and owned assets
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2005 Strategic Priorities
Focus global business development on largest multi-nationals
Capture facilities management-led outsourcing opportunities
Increase consulting/advisory opportunities
Expand number of multi-service client relationships
Quantify value/savings of outsourcing through more valuable reporting, analysis, and benchmarking
Expand middle-market transaction management & lease administration opportunities in concert with Brokerage, other business lines
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[LOGO]
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