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2004 Program

7:00 AM

REGISTRATION & CONTINENTAL BREAKFAST

 

 

8:00 AM

WELCOME & GREETINGS

 

Forum Chairman:

Scott Hutcheson, President & CEO, Aspen Properties Ltd. and Consolidated Properties Ltd.

8:05 AM

The Economic Outlook for Growth in the Calgary Market

 

A detailed presentation on the economic outlook and performance of the Calgary market, and a look at the key emerging trends in this region. What industries and sectors are driving job creation in this region? What is the outlook for employment and population growth for the Calgary area? How do the prospects for Calgary compare with the outlook for other major Canadian cities? What will be the implications of the recent federal election on the Calgary economy?

Speaker:

Mario Lefebvre, Director, Metropolitan Outlook Service, The Conference Board of Canada

The Oil & Gas Sector: How High Can the Price Go?

Where are world oil and gas prices heading? What are the implications of these energy costs for the industry in Alberta?

Speaker:

Peter Tertzakian, Chief Energy & Economist Director, ARC Financial Corporation

The Alberta Advantage: Will It Continue?

The elimination of any provincial government debt has provided Alberta and its major cities such as Calgary and Edmonton with a significant advantage over other Canadian provinces and cities. Or has it? This presentation will examine this situation, and the extent to which it will continue to evolve over the short and medium term. What will the implications be for Calgary over the foreseeable future?

Speaker:

Jason Clemens, Director, Fiscal Studies, The Fraser Institute

9:25 AM

Current and Emerging Trends in Calgary’s Office Market

 

Compared to other markets in Canada, what kind of momentum has the Calgary market experienced since 2000 including the first three quarters of 2004? What is the outlook for 2005 and beyond in terms of inventory growth, growth in the number of office workers, and vacancy and tenants leasing options? How do the trends in the suburbs compare to the downtown core?

Introduction:

Randy Kraft, Partner, Real Estate & Construction, KPMG

Speaker:

Sandy McNair, President, InSite Real Estate Information Systems Inc.

9:50 AM

How Do Major Investors Feel About the Calgary Market?

 

A presentation of the results from a recent survey of 90 senior real estate executives who control $100 billion of real estate and debt portfolios in Canada. The survey examined the perceptions of these key decision‑makers about the commercial real estate in Canada, the key trends, and how they will affect the future of seven key markets across the country including Calgary.

Speakers:

Blake Hutcheson, President & CEO, CB Richard Ellis Limited
Sandy McNair, President, InSite Real Estate Information Systems Inc.

10:15 AM

MORNING REFRESHMENTS

 

10:40 AM

CONCURRENT SESSIONS (Select A1, A2 or A3)

 

Session A1:

The Tsuu T’ina Master Plan: Its Implications for Development in the Southwest and A Ring Road System for the City

An examination of one of the most significant plans and developments within the City of Calgary; a 1,000 acre area referred to as the Tsuu T’ina Ecotourism Master Plan. The First Nations; community also recently entered into an agreement with GWL Realty Advisors with respect to the commercial development component of the Plan. What is the status of the Plan at this time? What will be GWLRA’s role? Will a land transfer take place that will enable the development of a road through this area? Will this new road lead to the potential completion of a strategically important ring road system around Calgary?

Speakers:

Peter Manywounds, Economic Development & Special Projects Consultant
Scott Taylor, Vice President, Asset Management, GWL Realty Advisors Inc.

Session A2:

The Industrial Market in Calgary: Will the Softness Continue?

Over the past few years, industrial real estate has been one of the most sought after asset classes by investors across Canada. During this time, there has been a considerable amount of growth and development in the Calgary market, to the point where it appeared to be overbuilt. This panel will examine the current situation and future prospects for this sector from the perspective of owners, developers, investors, and users. The Dufferin Business Park will also be examined as a case study example of current industrial activity in this market.

Moderator:

John Cardiff, Vice President, Brascan Financial Real Estate Group

Panel:

Randy Cameron, Senior Vice President, Western Canada, Dundee REIT
Kathy Harder, President, SummitREIT Property Management
Michael LeGresley, President & CEO, Giffels Design Build Inc.
Kevin Pshebniski, President & COO, Hopewell Developments

Session A3:

Apartment Sector Update: Strategies for Today’s Market

While the rental apartment sector continues to attract capital and investor interest because of its historical stable returns, there is some concern about the demand side of the market. Where is this asset class heading, what are the opportunities, and where are the risks? Is new rental construction viable in the current market? What is the impact of condominium development and individual investors?

Moderator:

Derek Lobo, President, Derek Lobo & Associates

Panel:

Kristin Bell-Van Ginkel, Principal, K.J. Bell Architecture Ltd.
Stephen Price, Vice President, Multi-Residential, GWL Realty Advisors Inc.
Naum Shteinbah, General Manager, Streetside Development Corporation
Kevin Screpnechuk, Senior Vice President, Rental Operations, Boardwalk REIT

11:50 AM

INFORMAL LUNCHEON & NETWORKING OPPORTUNITY

 
 

LUNCHEON REFRESHMENTS

 

12:25 PM

Keynote Speaker

 

Speaker:

Ken King, President, Calgary Flames

1:20 PM

CONCURRENT SESSIONS (Select B1, B2 or B3)

 

Session B1:

Trends and the Outlook for the Calgary Retail Market


An update on the retail market in Calgary by a panel of owners, developers, and investors. How do they feel about the prospects of the retail sector for 2005 and beyond? Are enclosed shopping malls winning the battle or losing the war? Have power centres been overbuilt? How is retail responding to the needs of the new subdivisions? The $90 million Market Mall redevelopment and the $500 million Deerfoot Meadows Retail Complex will also be discussed.

Moderator:

Kim Beingessner, Director, Enclosed Malls, Orange National Retail Group

Panel:

Ken Mariash, Managing Partner, Heritage Partners Limited Partnership
Ron Renaud, President, Rencor Developments Inc.
Michael Storey, President, Calloway REIT
Ron Wratschko, Senior Vice President & Portfolio Manager, The Cadillac Fairview Corporation Limited

Session B2:

Trends and Opportunities in the Office Market: Where are We in the Cycle?

What are the key trends in the downtown and suburban office markets in Calgary? The panel will examine leasing activity, investment trends, and development opportunities in both the core and suburban areas. When will the next new office building be built in downtown Calgary? How is B class space performing relative to A class space?

Moderator:

Tod Hughes, President, Avison Young Commercial Real Estate (Calgary)

Panel:

Greg Guatto, COO, Aspen Properties Ltd. and Consolidated Properties Ltd.
Don Harrison, Senior Vice President, Western Canada, GWL Realty Advisors Inc.
Randy Magnussen, Senior Vice President & General Manager, Bentall Real Estate Services LP
Ian Parker, Vice President, Asset Management, Western Office, Brookfield Properties Corporation

Session B3:

Real Estate Financing Trends in the Calgary Market

An examination of the commercial mortgage market in Calgary with a particular emphasis on financing transactions under $15 million. The panel will discuss mortgage activity, construction loans, and mezzanine financing. Topics will include the following:

  • lending criteria and policies
  • maximum loan amounts, and limits on loan values for any individual client
  • pricing
  • desirable and undesirable asset classes
  • what specifically can a borrower do to ensure his borrowing needs are being met by Canadian mortgage lenders

Moderator:

Jack McDiarmid, Principal, Montrose Mortgage Corporation

Panel:

Brad Crilly, Assistant Vice President, Credit Risk Management, Canadian Western Bank
Mike Helfer, Associate Manager, Great West Life Assurance
Rob Reichelt, Business Development Officer, Column Canada Financial Corporation
Abby Steinberg, President, Paragon Capital Corporation

2:20 PM

CONCURRENT SESSIONS (Select C1 or C2)

 

Session C1:

The Investors’ Roundtable: What are They Looking For in Calgary?

A panel discussion featuring senior executives representing pension funds, private equity funds, and institutional funds. The group will discuss their mandates and interest in the Calgary commercial and investment real estate market. What kind of appetite do they have for investments for 2005? What are their strategies at this time? What will be their priorities over the next 12 months? How does Calgary compare with other major Canadian markets? To what extent is real estate still more attractive than alternative areas of investments?

Moderator:

Blake Hutcheson, President & CEO, CB Richard Ellis Limited

Panel:

Peter Cohos, President & CEO, Tonko Realty Advisors Ltd.
Paul Kennedy, Chairman, GWL Realty Advisors Inc.
Paul Haggis, President & CEO, OMERS
Jon Love, Managing Partner, KingStreet Capital Partners
Bill Perkins, President & CEO, Redcliff Realty Advisors Inc.

Session C2:

Municipal Policies Related to Transportation, Planning and Development, and Real Estate: Where Are They Heading?

A roundtable discussion with senior City of Calgary officials who have responsibilities in the areas of planning, real estate development and disposition, and transportation. This panel will examine key issues facing growth in the city and how they are being addressed. Among the topics to be discussed are the following:

  • What transportation policies, industrial strategies, and planning policies is the city embarking upon to manage its ongoing growth successfully?
  • What is the city currently doing or contemplating to do to improve the movement of people in and around the city, as well as access to commercial and retail sites?
  • Does the city expect to make any particular changes to its planning policies and procedures over the next year? If so, what will they be and when will they come into effect?

There will also be an update on development and transaction activity from the head of the city’s Corporate Properties department.

Moderator:

Kevin Keyes, Partner, Gowlings LLP

Panel:

Malcolm Logan, Director, Transportation Planning Division, City of Calgary
Brad Stevens, General Manager, Asset Management & Capital Works, City of Calgary
David Watson, General Manager, Planning, Development & Assessment, City of Calgary

3:20 PM

The View From the Top: The Outlook for the Alberta Energy Sector

 

The chief executive officer of a major Calgary-based energy corporation will provide his insights on the future outlook for the oil and gas, hydrocarbons, and energy sectors in Alberta over both the short and medium terms. He will also comment on his vision for Calgary, and the extent to which the city and the province are meeting the needs of his corporation, his employees, and his industry including the infrastructure requirements of sustaining ongoing growth and development.

Speakers:

Martin Molyneaux, Managing Director, Institutional Research, FirstEnergy Capital Corporation
John Watson, Executive Vice President & CFO, EnCana Corporation

4:00 PM

CLOSING RECEPTION