Foresight

2015 •20142017 20141216 •2015 •124262017201728 Hans Vrensenhans.vrensen@dtz.com Richard Yorkerichard.yorke@dtz.com •2013031117200820171336 Nigel Almondnigel.almond@dtz.com Fergus Hicksfergus.hicks@dtz.com Magali Martonmagali.marton@dtz.com Dominic Brown/dominic.brown@dtz.com Andrew Nessandrew.ness@dtz.com John Wickesjohn.wickes@dtz.com 2015– 6% 2015 Hans VrensenDTZ 2015– 1 12015 2 201332015201410 2015– 1 6020 1.2.3. (FDI)(GDP) (GVA) (LQ)60 0~10106060 2015– 2 152014101516 2017 42017 DTZ 2017 2017516 DTZ 2015– 2 1. 20042008 2. DTZ Fair Value IndexTM3 6010640~252510060 3. 4. 1.2.3. 10 3DTZ Fair Value IndexTM 2014DTZ Fair ValueIndexTM 6 2015– 2017 201420173602014201722017 76033 DTZ 20148DTZ Fair Value IndexTMDTZ Fair Value IndexTM32017 DTZ 2015– 2 2014 9FDIGDP 5.8%13%18.9%11.4%100%26%50-100% DTZ DTZ20177490 DTZ 2015– 112 50 2013232014355013 4.4%8.3%8.4% 12 2015– 2014 20144(LQ):SBDPBD 2017 4201715TMT2017 DTZ 2015– 20146201720142017182046030 162017 17201420 DTZ 2015– 7 1814%45%42%50% 20148 2015– 2014201792014 19 20 2015– 20142017 102017(TMT) TMT TMT21TMT(LQ)2.0TMTTMT TMT TMT(11)TMTTMT16)DTZTMTTMT20142017TMT 2015– 2014201712201420176033 222014 23 Hans Vrensen+44 (0)20 3296 2159hans.vrensen@dtz.com Richard Yorke+44 (0)20 3296 2319richard.yorke@dtz.com Magali Marton+33 1 49 64 49 54magali.martonl@dtz.com Nigel Almond+44 (0)20 3296 2328nigel.almond@dtz.com Dominic Brown/+61 (0)2 8243 9999dominic.brown@dtz.com +852 2250 8864dennis.kk.fung@dtz.com Andrew Ness+852 2507 0507andrew.ness@dtz.com Fergus Hicks+44 (0)20 3296 2307fergus.hicksl@dtz.com John Wickes+1 312 424 8087john.wickes@dtz.com Tod Lickerman+44 (0)20 3296 3820tod.lickerman@dtz.com +86 21 2208 0088edward.kc.cheung@dtz.com John Forrester+44 (0)20 3296 2002john.forrester@dtz.com Joe Stettinius+1 202 463 1367joe.stettinius@dtz.com Henry Arundel+61 (0)2 9492 8818henry.arundell@dtz.com DTZDTZ© DTZ 20151 www.dtz.com/research Global Headquarters77 West Wacker Drive18th FloorChicago, IL 60601 USAphone+1 312 424 8000fax+1 312 424 8080emailinfo@dtz.com