_Economy and Finance

Interviews In anticipation of the GRI Europe Summit 2013, we have asked some of the participating industry leaders for their comments on the European market’s challenges and solutions. “The more turmoil in the world, the more people will appreciate the stability and the continuity of Europe” Samih Sawiris CHAIRMAN & CEO Orascom Development Holding SWITZERLAND “… as always, property is a local business, therefore picking specific sectors in specific locations will continue to differentiate the good investor from the average investor.” Fergal Feeney HEAD OF ASSET RECOVERY IBRC UK http://www.globalrealestate.org/Europe2013/Interviews

Dynamic Regeneration: Design Centre Chelsea Harbour The Design Centre is the largest interior design retail and trade centre in Europe and forms part of the Chelsea Harbour Estate. http://www.marcol.com/index.php?page=chelsea-harbour

Chile: Manufacturing is weakening, despite April bounce Nader Nazmi - Market Economics Latam Macro Snapshot | 30 May 2013 18:07 | 327 Kb Manufacturing production expanded 3.4% y/y in April, in line with our 3.6% y/y call, and better than the consensus projection of 2.9% y/y. The main contribution to the annual gain came from increased production of processed food (+13.7% y/y). Despite the rebound, manufacturing growth in April is disappointing, especially given that this April had two more working days than April 2012.

German Home Boom as Europe Stagnates Set to Hurt Merkel By Dalia Fahmy May 28, 2013 Taxi driver Michael Ruedor lived for 20 years in a downtown Berlin apartment close to Checkpoint Charlie before rising rents forced him out. http://www.bloomberg.com/news/2013-05-27/german-housing-boom-as-europe-stagnates-may-hurt-merkel-at-poll.html

New Mexico county first in nation to ban fracking to safeguard water In acting to protect their water supply, the 5,000 residents of poor, conservative Mora County make it the first in the U.S. to ban fracking -- hydraulic fracturing for oil. http://www.latimes.com/news/local/la-me-fracking-ban-20130529,0,3018204,full.story By Julie Cart, Los Angeles Times May 28, 2013, 7:36 p.m. OCATE, N.M. — Sitting in the tidy living room of the home they built themselves, Sandra and Roger Alcon inventory what they see as the bounty of their lives: freedom, family, community, land, animals … and water.

Real estate debt funds still at 'embryonic' stage Sarah Krouse 23 May 2013 Property debt funds are stepping in to replace banks as a source of lending, but real estate experts say the process is still at a very early stage of development. http://www.efinancialnews.com/story/2013-05-23/real-estate-debt-funds-in-embryonic-stage

Docklands, Victoria Docklands (also known as Melbourne Docklands to differentiate it from London Docklands) is a suburb of Melbourne, Victoria, Australia, 2 km (1.2 mi) west of Melbourne's Central Business District. Its local government area is the City of Melbourne. At the 2011 Census, Docklands had a population of 5,791. http://en.wikipedia.org/wiki/Docklands,_Victoria