Realestateforums.com
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2010 Winnipeg Real Estate
Forum |
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Platinum Sponsors |
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Gold Sponsors |
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Supporting Association |
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| TUESDAY, APRIL 20 | ||
| 6:00 pm - 7:30 pm |
THE CHAIRMAN'S RECEPTION Networking opportunity for all Forum delegates in the Gallery at the award winning Manitoba Hydro Place  |
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| WEDNESDAY, APRIL 21 | ||
| 7:15 am |
REGISTRATION & CONTINENTAL BREAKFAST
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| 8:00 am |
WELCOME AND INTRODUCTION OF CHAIRMAN Ken Yee, Senior Executive Vice President, Cushman & Wakefield Ltd.
OPENING COMMENTS |
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| 8:05 am |
THE
ECONOMIC OUTLOOK FOR THE WINNIPEG MARKET |
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| 8:35 am |
HOW IS THE WINNIPEG LEASING AND
INVESTMENT MARKET PERFORMING? An overview of leasing and investment activity in Winnipeg over 2009 and the first Quarter of 2010. Were there any benchmark leasing and investment deals during the past twelve months? What is the outlook for 2010 in the office, retail, industrial and multi-unit residential sectors in terms of absorption rates, cap rates and potential leasing and investment activity? How do the prospective trends for Winnipeg compare with other major Canadian markets? Colin Johnston, Executive Vice President, Research, Valuation & Advisory, Altus Group Sandy McNair, President, Altus InSite To request a copy of the presentation for this session, please click here. |
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| 9:00 am |
WINNIPEG’S COMPETITIVE EDGE:
WHAT WILL PROVIDE THIS MARKET WITH SUSTAINABLE GROWTH? Two essential elements found in many of today’s successful cities are a diversified range of strong economic drivers coupled with a vibrant population and culture that inspires and attracts an intellectual market of residents. So how does Winnipeg fare in this regard? What competitive advantage does it offer? The city has a highly educated and productive workforce, low cost energy, a central location with excellent multi-model transportation system for distribution of goods to market, and a diversified manufacturing base that includes agri-business and aerospace among other industries. Winnipeg is also known for providing employees with an outstanding balance between work and quality of life. A 2008 study by KPMG showed that this market also has among the lowest overall business costs of major Canadian cities. The speakers in this session will focus Winnipeg’s competitive advantage in some greater depth. Moderator: Bill Morrissey, Senior Vice President, Winnipeg Chamber of Commerce Why We Have Made Major Investments in Winnipeg Mark Chipman, Chairman, True North Sports & Entertainment Ltd.  Centre Port Winnipeg: The Development of an 20,000 Acre Inland Port Diane Gray, President & CEO, CentrePort Canada Inc. How Diversified is Winnipeg's Economy? Jim Hrichishen, Director, Economic & Fiscal Analysis Branch, Manitoba Finance |
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| 10:15 am | MORNING REFRESHMENTS | |
| 10:40 am |
CONCURRENT SESSION
(Select A1
or A2) Session A1 IS THE WINNIPEG OFFICE MARKET DOING BETTER THAN YOU THINK? WHAT CAN WE EXPECT IN 2010 AND GOING FORWARD? This session will examine what the future holds for the Winnipeg office market. Where are vacancy rates, cap rates and other underlying leasing and investment fundamentals heading at this time? Office space NERs tend to range from $10 to $18 per square foot – among the lowest in major Canadian and North American cities. What will it take to increase these rates? Are owners afraid to push rental rates even though operating costs are considerably lower than major cities across Canada? How are Class B and C properties performing compared to Class A? What is the outlook for demand and investment activity for 2010 and beyond? How much interest is there in greening new and existing buildings? How important is building labeling, e.g. LEED, BOMA BESt? What threat do new business parks pose to future downtown office developments? Moderator: Doug McDonald, President & CEO, NewWest Enterprise Property Group Inc. Panel: Patrick Burke, Independent Broker, Colliers Pratt McGarry Wayne Chernecki, Senior Vice President, Western Canada, Commercial Properties Group, Redcliff Realty Management Inc. Dan Edwards, President & CEO, Creswin Properties Inc. Frank Sherlock, Vice President, Manitoba, Crown Property Management Inc. Session A2 |
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| 11:45 am |
CONCURRENT SESSIONS (Select
B1
or
B2) Session B1 THE RETAIL MARKET IN WINNIPEG: WHAT DO YOU SEE ON THE HORIZON?  The Winnipeg retail market appears to have some leasing strength. But what does the future hold? To what extent has the softening economy affected the cost of construction and the economics of the rents that developers must be able to charge to make a project realistic? How is the supply and demand balance at this time with respect to the various types of retail formats being offered, tenant interest in this market, and consumer spending? Differentiation is also a key ingredient between the existing centres and new projects. What plans do various retail owners in Winnipeg have with respect to new projects or upgrading their existing properties? Will new retailers be coming into this market? If so, who? What formats and innovations are growing in popularity? Do consumers really want more of the same stores, products and brands? What lies ahead for retail market activity in Winnipeg in 2010 and beyond? Moderator: Derrick Chartier, President, Winnipeg, CB Richard Ellis Chartier & Associates Panel: Deborah Green, General Manager, Polo Park Mall Shopping Centre Michael Nozick, President, Fairweather Properties Barry Shenkarow, President, Towers Realty Group Sandy Shindleman, President, Shindico
Session B2 |
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| 12:45 pm |
NETWORKING LUNCHEON
Luncheon Refreshments |
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1:40 pm |
KEYNOTE SPEAKER: THE COMPETITIVENESS OF WINNIPEG FROM THE PERSPECTIVE OF A GLOBAL CORPORATION  Hartley Richardson, President & CEO, James Richardson & Sons; Chairman, Canadian Council of Chief Executives |
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| 2:10 pm |
CONCURRENT SESSIONS (Select
C1 or
C2) Session C1 CREDIT AND DEBT MARKETS: WHAT LIES AHEAD? WHERE ARE SPREADS HEADING? WHAT ARE THE MAJOR SOURCES? A panel discussion that will focus specifically on the debt market and try to determine what borrowers can expect for the remainder of 2010 and beyond. What are some of the active lenders in Winnipeg looking for? How are they likely to assess a deal and price it? What property classes are they avoiding, reducing exposure to, or increasing pricing for? How will the strategies of pension funds, insurance companies and other institutions vary from those of private sources of debt capital? Is there still a shortage of credit and capital? Are there any changes on the horizon with respect to the pricing of risk and availability of more capital? How available are mezzanine financing and other secondary sources of debt? How are they being priced? Moderator: Ron Margolis, President, Margolis Capital - Commercial Mortgage Professionals Panel: Rick Bachalo, Vice President, Mortgage Investments, Western Canada, Great West Life Assurance Company Tom Bryk, President & CEO, Cambrian Credit Union Michael Fehr, Vice President, RBC Commercial Mortgages, Royal Bank of Canada Robert Perkins, Executive Vice President & Partner, Trez Capital
Session C2 |
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| 3:10 pm |
EXECUTIVE ROUNDTABLE HOW DO MAJOR INVESTORS ASSESS THE RISKS, CHALLENGES, STRATEGIES AND OPPORTUNITIES FOR 2010 AND BEYOND?  A discussion with senior real estate executives as they provide their perspective on real estate market fundamentals for 2010 and beyond for the Winnipeg market and Canada as a whole. They will offer their insights on what they see occurring over the next twelve months, and their strategic thinking going forward. Among the other questions to be examined:
Moderator: |
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| 4:10 pm |
AFTERNOON & POST CONFERENCE REFRESHMENTS |
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