GLOBAL CAPITAL MARKETS DISCUSSION Chris Ludeman (moderator) Global President Capital Markets Danny Queenan Chief Operating Officer Asia Pacific Chief Executive Officer Trammell Crow Company Martin Samworth Managing Director Europe, Middle East & Africa Brian Stoffers President Debt & Equity Finance

ACCESS TO INTERNATIONAL CAPITAL FRANCE Axa BNPP Credit Agricole CNP Insurance CDC Massena SCOR UK & IRELAND Aviva BBC BP Church Commissioners Friends Provident Henderson GI Hermes Legal & General M&G NTMA Railpen Scottish Widows Schroders PIM Standard Life Wellcome Trust BENELUX APG Anthos AM Blue Sky Group Fortis Shell AM MN Services PGGM PPF Stena Syntrus Achmea TKP Investments USA Alaska Pension Allstate Blackrock CalSTRS CalPERS CBRE Global Investors Clarion Cortland DB Franklin Templeton Harvard NY Common OSTRS OPERS PCA Russel Texas Teachers TIAA CREF Townsend USAA WSIB Yale DENMARK AP Pension ATP Danske Bank FSP Pension Pension Denmark SWEDEN Alecta AP Fonden FFO Nordea SEB Skandia Tredje AP NORWAY KLP Norges Bank Norsk Hydros Storebrand AS Vital Singapore and SE Asia GIC NTUC Temasek Thai GPF SSO GERMANY AEVWL Allianz Ampega Gerling BVK DEKA E.ON VKB MIDDLE EAST ADIA ADIC EIA Mubadala KIA QIA SAMA Oman SGRF SWITZERLAND Credit Suisse LGT Migros SCM Swiss RE UBS Partners Group Quilvest CANADA CPP CDPQ OMERS Ontario Teachers Oxford Properties PSP SITQ FINLAND LGPI Tapiola Valtion CHINA CIC People’s Insurance Com China Life Ping An Trust Citic Capital China Pacific Insurance BOC Investment SAFE KOREA KIC Lotte Korea Life NPS Korea Teachers Korea Teachers Credit Samsung Life Government Employees Pension Green Gross Life KMMA AUSTRALIA Access Economics Ascalon Future Fund Pacific Super Pinnacle Property QIC Sovereign State Super Sun Super Telstra MALAYSIA Kumpulan Wang Persaraan EPF PNB Tabung Haji Khazanah Nasional ISLAMIC Al-Rajhi Bank Al-Khabeer KFH NCB Capital SEDCO

CBRE INVESTMENT ACTIVITY 2010-Q3 2013 US$100m+ US$250m+ # Transactions 575 173 Value $144b $82b # Deals Value (US$m) # Deals Value (US$m) AMERICAS 80 18,474 AMERICAS 16 9,089 APAC 15 4,336 APAC 7 2,902 EMEA 59 14,274 EMEA 20 8,480 GLOBALLY 154 37,084 GLOBALLY 43 20,471 # Deals Value (US$m) # Deals Value (US$m) AMERICAS 109 25,137 AMERICAS 29 13,535 APAC 15 3,173 APAC 3 998 EMEA 79 23,106 EMEA 27 13,926 GLOBALLY 203 51,416 GLOBALLY 59 28,458 # Deals Value (US$m) # Deals Value (US$m) AMERICAS 61 15,196 AMERICAS 19 8,859 APAC 15 2,908 APAC 2 736 EMEA 28 10,421 EMEA 13 7,655 GLOBALLY 104 28,525 GLOBALLY 34 17,251 # Deals Value (US$m) # Deals Value (US$m) AMERICAS 36 7,463 AMERICAS 9 3,306 APAC 15 3,052 APAC 4 1,602 EMEA 63 16,654 EMEA 24 10,437 GLOBALLY 114 27,169 GLOBALLY 37 15,344 2010 US$100m+ Deals 2010 US$250m+ Deals Q3 YTD 2013 US$250m+ Deals 2011 US$100m+ Deals 2011 US$250m+ Deals 2012 US$100m+ Deals 2012 US$250m+ Deals Q3 YTD 2013 US$100m+ Deals