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ARCHIVES
Tuesday, December 2, 2008
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7:15 am 8:00 am |
 REGISTRATION
& CONTINENTAL BREAKFASTWELCOME AND OPENING REMARKS
Conference Chairmen:
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| KEYNOTE PRESENTATIONS | |
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Global
Property Market Trends: How Have the Major International
Markets Performed in 2008? Who Have Been the Winners and
Losers in the Past Twelve Months? An overview of how real estate has performed as an investment asset class in major global markets over the past two years. What have been some of the best in class properties in different countries?  Laurent Ternisien, Managing Director, Investment Property Databank Limited, England |
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How Have Global Real Estate
Markets Been Affected by the Credit Crunch? What is the
Outlook for 2009? An examination of the most significant trends in property markets around the world. How have they dealt with the impact of the collapse of the U.S. subprime market, reduced liquidity, and floundering economic conditions? What are the major issues and challenges facing investors, owners, and private and public equity decision-making in a global context? Where is the re-pricing of risk heading in international markets? What are the key challenges that lie ahead for investors?
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Making Strategic Shifts in
Global Markets in Turbulent Times The participants will offer viewpoints from different points on the compass as they comment on: What are the most significant trends that they are watching in the global property markets? What are the major risks and opportunities at this time? What strategic impact has the credit market fallout had for their organizations? What do they foresee in 2009 and beyond? Why are investors with liquidity having difficulty in deciding whether to make a move or not? What is the strategic case for continuing to look at international investment? Is the real question not which market you should be in, but how to balance your portfolio in all markets?
Moderator: |
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| 9:50 am | MORNING REFRESHMENTS |
| 10:15 am | Focus on the United States: Is the Time Right to Increase Your Exposure in This Market? |
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With the significant changes
over the past year in U.S. economic conditions, debt and
capital markets, and the housing sector, investors are
asking many questions. What impact has the fallout from the U.S. sub-prime market had on the investment market fundamentals and pricing? Are viable investment opportunities on the up-swing yet in this market? If so, what are they and how can you find them? What type of platform and activities are Canadians and foreigners in general, favouring at this time to be active in the U.S. market?
Moderator: |
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| 11:30 am | CONCURRENT SESSIONS (SELECT G1 OR G2) |
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Session G1 Focus on Tier One Countries: United Kingdom, France, Germany and Other Western European Markets |
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An overview of the major
investment markets across Europe, the significant pressures
that they have experienced in the past twelve months, and
what lies ahead for these regions in 2009. Which markets have experienced the strongest weakness and reduction in values? What have been the major reasons for these trends? Will there be a turning point in 2009? Are there good buying opportunities at this time or are investors waiting a little longer? Are smaller European markets still less appealing than the larger traditional ones? How active are Canadian investors in these markets? Moderator: Simon Barrowcliff, Executive Director, Central
London Business Team, CB Richard Ellis Limited, England Panel: Adam Calman, Joint Head, Corporate Finance, Capital Markets Group, Cushman & Wakefield LLP, England John Forbes, Real Estate Industry Leader, EMEA, PricewaterhouseCoopers LLP, England Penny Hacking, Partner, King Sturge LLP, London, England Christian Thalhammer, CEO & Partner, Akron Group, Austria |
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Session G2 Focus on Brazil, Russia, India, China and Other Emerging Markets: Are the Opportunities Here Even Greater? |
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When investors think about
emerging markets, their initial focus appears to be on
China, India, Russia and Brazil. However, other Latin
American and Asian markets are also receiving some
attention. What challenges do investors face when they consider entering emerging markets as an alternative to tier one countries? How much growth is anticipated in their economies in 2009? Given the strong increase in property values in BRIC, are there new and better opportunities emerging in other emerging markets? If so, which ones? What kind of returns are Mexico and Latin American markets offering? Is it true that the fundamentals in some of the markets are much better than most investors think they are? How do you calculate risk in China, India and Russia today? Is the upside gone in many major Eastern European cities? Have the fundamentals shifted too far too quickly? Are cap rates for core products now being priced too low? What are foreign investors doing in these markets? Are they choosing funds and securitized real estate rather than more direct strategies? Moderator: Lorne Braithwaite, Chairman of the Board, Seacan
Realty Panel: Todd Cowan, Managing Partner, CD Capital Partners Eduardo Gόιmez, Managing Director and CEO Mexico, LaSalle Investment Management Paul Reitz, Vice President, Investment Services, NAI Global, USA Michael Tippin, President & CEO, Tippin Corporation, Hungary |
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| 12:40 pm | NETWORKING LUNCHEON |
| 1:50 pm | Is Debt the New Equity? |
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The past twelve months have seen
a major swing from a market awash with low cost capital and
high leverage strategies to a significant tightening of
credit and large amounts of both public and private balance
sheet debt are being purchased at significant discounts to
par. What is the outlook for 2009? How much money has and is being raised to specifically buy debt? Who is playing in this new asset class? Mezzanine debt will it be rejuvenated long term? Where are the best opportunities for origination (whole loans, CMBS, etc.)? How will they last? What are the return expectations and hold periods for debt buyers across various debt tranches? How much more active are pension funds and opportunity funds likely to be in real estate markets? What is the outlook for debt markets over the next twenty-four months? Moderator: Tom Boytinck, Managing Director, Farragut Capital LLC, USA Panel: William Jandrisits, Director, Finance, Starwood Capital Group, USA Sorabh Maheshwari, Principal, Onex Real Estate Partners, USA Steven Orbuch, President, Och-Ziff Capital Management, USA Dan Teper, Principal, Real Estate Investment Banking, Banc of America Securities LLC, USA |
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| 3:00 pm | Global Real Estate Investment: What Are Canadian Investors Doing? |
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This session will focus
specifically on Canadian investors that are in international
markets. Operating in an environment of wide spreading
economic uncertainty, tighter credit markets and greater
concern about risk, what investment strategies are they
following? Which markets are most attractive to you as 2009 approaches? How aggressive do you expect to be in global markets over the next year? What form of investment and structure makes the most sense for you under prevailing market and economic conditions in various markets: owning the real estate directly, buying an existing company, creating a development pipeline or investing in a global property fund? What are the major differences between your investment activity in tier one countries and in emerging markets? Under what circumstances would you consider development as being appropriate strategy?
Moderator: |
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| 4:00 pm | ADJOURNMENT |
