o Property managers at major ports identify the most pressing current and near term property issues as:

• Rationalising property portfolios to enhance throughput and increase revenues.
• Structuring property leases which will reflect the real financial, opportunity and management costs and performance thresholds required to make a real return on the asset.
• Integrating future development of port lands to leverage off of existing and near term transport infrastructure assets.
• Identifying the real 'market' values of port located real estate as leaseholds.

o Expiring terminal concessions will most probably have decidedly higher prices, which will certainly impact the 'market'    value of the underlying asset - land.
o Ports need to reassess book values for property assets moving forward.

o Larger ship classes will require deeper reach into the hinterlands to maintain financial viability.
o Ports will need to accommodate by more carefully integrating property uses at the port and throughout the logistical    growth poles.

o As competition heats up and stakeholders demand maximum performance for all port assets, port properties are    coming under increasing scrutiny to produce higher return and competitive advantages through the creative        development of surplus lands and re-development of existing facilities.
o Re-developed port lands and facilities also benefit ports through increased property values and revenue streams and    as standalone assets to release tied up equity for other ort uses.

o For the second year running the major infrastructure investment conference for Europe produced by Terrapin drew    record crowds. Participants came from around the worldand were primarily made ofpension, sovereign wealth, hedge    and equity funds as well as major money centre banks.
o Besides utilities, roads, geographic regions and structuring of infrastructure investments ports were given increased    focus this year.

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