Wednesday, December 3rd 2008
 

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The Real Estate Forum
 

Introduction of Forum Chairmen

Scott Addison, Executive Managing Director, Toronto Region,
     Colliers International   
Moray Tawse, Vice President, Investments, First National Financial LP

WELCOME AND OPENING REMARKS: FOCUS ON VALUES, CAPITAL AND THE ECONOMY AS THE MAJOR THEMES FOR 2009 FORUM

Stephen Taylor, President & COO, Morguard Investments Limited                        Jonathan Wener, Chairman, Canderel Group of Companies
 

CANADIAN REAL ESTATE 2009: TOP TEN STRATEGIES FOR MANAGING EVOLUTIONARY CHANGE

The financial market meltdown will create new challenges and new opportunities for real estate investors and enterprises in 2009 and beyond. Tighter credit, a weaker economy and higher cap rates are emerging and already impacting many strategies. But what are the risks and opportunities below the surface? A better tomorrow will belong to those people and organizations that can adapt to a new order. How will the markets play out and what are the key strategies for success going forward?

To request a copy of the PowerPoint presentation please click here.

Speakers:
George Carras, President, RealNet Canada Inc.
Andre Kuzmicki, Executive Director, Program in Real Estate and Infrastructure,
     Schulich School of Business, York University;

 

ECONOMIC OVERVIEW FOR 2009:  NAVIGATING THROUGH CHOPPY WATERS

An annual presentation of controversial insights from one of Canada’s most prolific economists. He will be joined this year by a leading strategic thinker in the U.S. real estate industry who was recently named one of the 25 most influential people in real estate by Realtor Magazine. Jeff and Peter will provide their respective up-to-date forecasts for the two North American economies for 2009 which will include a discussion of Canadian and U.S. GDP growth prospects, market liquidity, interest rate trends, energy prices, rates of inflation, and currency values.
 

The Perspective from Canada:





Jeff Rubin, Chief Economist, Chief Strategist & Managing Director,
     CIBC World Markets Inc.

The Perspective from the United States:

Peter Linneman, Albert Sussman Professor of Real Estate, Finance, and Public Policy, Wharton School of Business, University of Pennsylvania ; Chief Economist, NAI Global
 

MAKING STRATEGIC SHIFTS IN TURBULENT TIMES

A very informative panel discussion that will examine the continuing impacts and fallout from the U.S. sub-prime market and commercial paper concerns on the deployment of capital, public and private debt and equity markets, and the Canadian real estate asset class specifically. The participants will offer their views from different points on the compass as they comment on what is currently happening; what they foresee in 2009 and beyond; the risks and opportunities they see emerging at this time; what the market fallout has meant in strategic terms for their organizations; and where the real estate asset class fits relative to all their other investment opportunities for the year ahead.

Moderator:
Jon Love, Managing Partner, KingSett Capital

Executive Panel:
David Denison, President & CEO, Canada Pension Plan Investment Board
Dave Henry, President, Vice Chairman & Chief Investment Officer,
     Kimco Realty Corporation
Doug McGregor, Chairman & Co-CEO, RBC Capital Markets
Sandy McIntyre, Senior Vice President & Chief Investment Officer,
     Sentry Select Capital Corporation
 

“The most efficient and productive cities and regions are ones in which people are thinking and working – not sitting in traffic. We are now passing through the early development of a wholly new geographic order of which the move back toward the city is just one part. The shift from the suburbs toward the urban core is increasing as talented, ambitious people trade more space for shorter commutes. This trend is under way from Toronto and Montreal to Vancouver and Calgary. While we are in the early development of this new economic geography, one trend is clear: the history of economic development and of capitalism revolves around the more intensive use of urban space. The coming decades will see greater concentrations of people, increasing densities, and further clustering of industry, work and innovation in cities. Alongside that will come ever more concentrated economic opportunity.”  Richard Florida

A panel of three leading urbanists will provide an insightful examination of the major economic, demographic and social forces reshaping Canadian cities at this time, and what the implications of these key trends will be for real estate investment and development activity going forward.

Moderator:
John O’Bryan, Vice Chairman, CB Richard Ellis Limited

Speakers:
David Baxter, Executive Director, Urban Futures Institute
Roger Gibbins, President & CEO, Canada West Foundation
Glen Murray, President & CEO, Canadian Urban Institute
 

Keynote Session A1
THE BUSINESS CASE FOR GREEN REAL ESTATE AND SUSTAINABILITY IS GROWING MUCH STRONGER: WHAT CAN WE LEARN FROM GLOBAL LEADERS WHO ARE WELL AHEAD OF US?
 
The practice of greening new and existing buildings has grown quickly in Canada over the past few years. Almost all new developments are now targeted to achieve some form of green related ratings. Owners are also striving to upgrade the performance of their real estate portfolios to ensure that existing buildings do not become obsolete and lose their competitiveness. The economics and business case of this increasing trend has extended beyond the office sector to include retail, multi-unit residential and even industrial buildings.

While the results have been considerable, Canadian practices and strategies are significantly lagging behind those of real estate organizations in other countries. From Australia to Europe to the United States, real estate investors and owners are adopting environmental sustainability and Responsible Property Investing as a fundamental part of their mission and entire business culture, going far beyond thinking about LEED certification for their new buildings.  

This session will provide valuable insights and strategic information from some global leaders on why they have gone to the next level and what have the economic value and benefits of these policies and programs to their bottom lines. You will also receive a strategic update on the green landscape in Canada and some of the latest leading practices across our country.

Moderator:
Gary Whitelaw, CEO, Bentall LP – a recognized industry leader that has committed to being carbon neutral in 2009 and is a recipient of a number of environmental awards including most recently BOMA BESt, a new award that honours buildings committed to operating in an ecologically responsible manner

Panel:
John Parker, President & CEO, Kennedy Associates Real Estate Counsel  – a leader in Responsible Property Investing and selected as one of nine global winners for the 2008 Urban Land Institute/Financial Times Sustainable Cities Awards 

Craig Roussac, General Manager, Sustainability, Safety & Environment, Investa Property Group, Australia – rated number one by the Dow Jones Sustainability World Index in both the real estate sector and the financial services super-sector

Andrea Mason-Tulloch, Real Estate & Site Operations Executive, IBM Canada Ltd. offering the perspective of the corporate user. How important are green buildings to their real estate priorities.

Michael Brooks, CEO, Real Property Association of Canada will provide a national update on the most significant initiatives being undertaken by the marketplace across the country and the Canadian Green Building Council 
 

Keynote Session A2
GLOBAL REAL ESTATE AND THE RE-PRICING OF RISK: PUTTING THE MARKET INTO AN APPROPRIATE CONTEXT

A wide ranging discussion on international real estate trends as well as the outlook for continuing foreign interest in the Canadian market. The panel will also assess what impact the economic slowdown around the world and the issues associated with credit markets have had on values, the pricing and availability of capital, investment activity, and the risk tolerance for real estate. What are the major issues and challenges facing investors, owners, and private and public equity decision-making in a global context as 2009 approaches? What is the prevailing view on the pricing of real estate around the world? When will investors with liquidity move aggressively back into the market from the sidelines? The participants will offer their views from different points on the compass as they comment on what is currently happening in tier one and emerging markets; the risks and opportunities they see emerging for 2009 and beyond; and what the market fallout has meant in strategic terms for their respective organizations.

Moderator:
Peter Senst, Executive Vice President & Director, CB Richard Ellis Limited

Panel:
Blake Hutcheson, Partner, Head of Global Real Estate, Mount Kellett Capital,
     a private equity firm with offices in New York, Hong Kong and Mumbai
Hugh Macdonnell, Managing Director, Morgan Stanley
Jeffrey Olson, CEO & Director, Equity One
Andrew Trickett, Senior Vice President, Oxford Properties Group Inc.

© 2008  York Communications / MMPI Canada, all rights reserved.