2015 Program

Title

Platinum

Gold

Tuesday, December 1, 2015

7:15 AM
REGISTRATION & CONTINENTAL BREAKFAST

8:00 AM
WELCOMING & OPENING REMARKS

Conference Co-Chairs:

Rita-Rose Gagné, Executive Vice President, Growth Markets, Ivanhoé Cambridge
David Matheson, Senior Vice President & Managing Director, Investments – Europe, Oxford Properties Group


8:05 AM
WORLD WINNING CITIES FOR REAL ESTATE PERFORMANCE AND INVESTMENT: A NEW ERA OF CITY BUILDING AND NEW DRIVERS OF SUCCESS

Where are the commercial real estate markets with the best opportunities? Within a few years, there will be $1 trillion searching the world’s cities for investment opportunities. How much do you know about the 30 cities that represent 50% of the total value of global real estate? Which markets offer the best opportunities? Discussion will also include: the performance of prime office space in 95 major markets; the 20 most dynamic global cities driven by talented workforce,  pro-business policies and buoyant real estate markets; and which of 102 markets made the greatest progress in the transparency of commercial real estate. How is rapid urbanization impacting global real estate and creating new opportunities for investors and developers?

Speaker:
Rosemary
Feenan, Director of Global Research Programmes, JLL


8:35 AM
HOW FAR HAVE GLOBAL REAL ESTATE MARKETS TURNED THE CORNER? WHERE SHOULD YOU BE LOOKING?

An examination of the most significant trends in property markets around the world during the past year. Interest in real estate globally is at an all-time high. How far is this likely to continue given the wide range of economic and political conditions in various countries and regions – from Europe, the United States and other tier one countries, to China, Brazil and other frontier markets? What are the major issues and challenges facing investors, owners, and private and public equity decision-making in a global context in 2016? Where is the pricing of assets heading in international markets? Since investment is driven by fundamentals, which markets are likely to attract the greatest investor interest?

Speaker:
Jacques Gordon
, Global Investment Strategist, LaSalle Investment Management


9:05 AM
STRONG CONFIDENCE IN GLOBAL REAL ESTATE: FINDING REASONABLE RETURNS NOTWITHSTANDING THE VOLATILITY IN SOME MARKETS

Given the challenges faced by other asset classes, real estate continues to offer investors steady and favourable yields. Cash flows offer safety. Hard assets have  een attractive due to the volatility in the capital markets. Since 2010, large volumes of capital have flowed into the property markets. What is happening now with allocations to real estate among institutional investors, portfolio managers and private equity funds as they look forward to 2016? Are we likely to see a pause in property investment or a pullback or will we actual witness a continued growth? Where are investors finding reasonable risk adjusted returns that are drawing their attention?

Moderator:
David Matheson
, Senior Vice President & Managing Director, Investments – Europe, Oxford Properties Group

Panel:
George Ahl, Managing Director & Global Head of Capital Markets, Forum Partners Investment Management LLC
Jeffrey Barclay, Managing Director, Goldman Sachs & Co.
Sonny Kalsi, Founder & Partner, GreenOak Real Estate
David Paine, Head of Real Estate, Standard Life Investments


9:50 AM
MORNING REFRESHMENTS

10:20 AM
CONCURRENT SESSIONS (SELECT AA1 OR AA2)
SESSION AA1
CAN YOU STILL FIND GOOD OPPORTUNITIES IN THE U.S. OR HAS THIS MARKET BECOME TOO EXPENSIVE?

This session will provide an update on the U.S. market. With the increase in employment, housing starts, and GDP growth, where is the market now in the cycle? Has it peaked especially in gateway cities? Are some funds who invested in the U.S. in the past three to four years now selling as this market is becoming very expensive? Do some options still exist, eg. core vs. secondary markets vs. value add vs. opportunistic? Who are the most likely buyers? Where at cap rates at this time and where are they heading? What are the speed bumps to watch for? Is the multi-unit residential property class outperforming all others? Given the growth in overall consumer confidence, how is the retail market now doing? What will happen to the real estate asset class if the U.S. economy continues to expand and grow in 2016?

Moderator:
Jim Fetgatter, Chief Executive, Association of Foreign Real Estate Investors

Panel:
David Arthur, Managing Partner, Brookfield Property Group
Jaime Fink, Senior Managing Director, HFF
Jeff Kanne, President & CEO, National Real Estate Advisors
Brady Welch, Partner & Co-Founder, Slate Asset Management LP

SESSION AA2
SPOTLIGHT ON THE UNITED KINGDOM: WITH LONDON BEING THE WORLD’S HOTTEST MARKET, WHICH OTHER CITIES ARE ATTRACTING INVESTORS?

A very focused examination of what has been the world’s hottest property market until recently. With core and quality real estate in London at peak prices, to what extent are investors moving into mid and secondary markets around the UK? Which cities are drawing the greatest attention? Why? Which property classes are attracting the greatest interest? Where are cap rates at this time and where are they heading? Which property classes are enjoying the greatest returns? What potentially lies ahead for London in 2016?

Moderator:
Mike Morrison, Investor Relations Director, Fidelity International

Panel:
Neil Cable, Head of European Real Estate, Fidelity International
Bill Hughes, Head of Real Assets, Legal & General Investment Management
Dion Panambalana, Partner, Hogan Lovells International LLP
Andrew Thomas, Partner, CM Investment Sales & Acquisitions, Cushman & Wakefield


11:20 AM
CONCURRENT SESSIONS (SELECT BB1 OR BB2)
SESSION BB1
GLOBAL PROPERTY MARKET ACTIVITY AND FORECASTS: WHAT WERE THE MAJOR TRENDS IN 2015? WHAT LIES AHEAD?

An examination of how real estate has performed based upon risk adjusted returns in major global markets over the past year. How are the risk/return scores shifting? In which markets has cap rate compression gone too far? What have been the “best in class” properties over this period of time? Which markets have hit “bottom” in the past twelve months and are entering a phase of the cycle offering high quality investment opportunities? Which markets have performed above the norm? The opening presentation will include a risk adjusted ranking of over 25 major western markets around the world surveyed in the IPD Global Annual Property Index covering North America, EMEA and Asia Pacific. This will followed by current research and analysis of investment activity and capital flows across Europe and the United States.

Speakers:
Simon Fairchild, Executive Director, MSCI

David Hutchings, Head of EMEA Investment Strategy, Cushman & Wakefield

SESSION BB2
GERMANY: THE BULLSEYE IN THE EUROPEAN PROPERTY MARKETS

As the engine which has been driving the European economy, Germany real estate markets have attracted increasing flows of capital. While domestic investors have led the way, interest has also been strong from other European countries, North America and Asia.  Pricing for core assets in primary markets has reached pre-crisis levels, and investors have started moving up the risk spectrum and expanding their investment activity geographically within the country.  Strategies to access this market will be discussed.

Moderator:
Brad Olsen, President, Atlantic Partners, Ltd.

Panel:
Wenzel Hoberg
, Managing Director Real Estate Investments – Europe, CPP Investment Board
Lisa Lafave, Senior Portfolio Manager, HOOPP
Bruce Traversy, Head of Investments, Dream Global REIT


12:10 PM
NETWORKING LUNCHEON
HFF
LUNCHEON REFRESHMENTS
Legal-and-GeneralProperty

1:10 PM
CONCURRENT SESSIONS (SELECT CC1 OR CC2)
SESSION CC1
BRAZIL VS. COLOMBIA, MEXICO OR OTHER OPTIONS: WHAT MAKES THE MOST SENSE?

While Brazil has attracted strong foreign buyer interest since 2000, this market is now in recession, experiencing some currency issues, and represents a challenge in some investors’ minds. To what extent is the economic correction dampening the spirits of investors? How aggressively are investors moving into other emerging markets across Latin America like Columbia as an alternative? Or are they moving further north into Mexico? What is the case to be made to retain a strong focushttp://www.realestateforums.com/globalproperty/program/2015-program/ on Brazil considering this country is the world’s 9th largest economy and 7th largest in terms of purchasing power?

Moderator:
Dietrich Heidtmann, Managing Director – Head of International Capital Markets, GTIS Partners

Panel:
Paul Dalla Lana, Chairman & CEO, Northwest Healthcare Properties REIT

 

Michael Delmar, Director, Real Estate Investments, PSP Investments
Sandor Valner, Chief Executive Officer Latin America, Walton Street Capital

SESSION CC2
CASE STUDIES OF GLOBAL STRATEGIES & INVESTMENT TRANSACTIONS

An insightful discussion on how investors see the year ahead. How should you play the global markets in 2016? What strategies make the most sense? This session will examine a cross-section of transactions that closed during this past year.  The information will provide greater insights on what types of investment activity has been occurring, who some of the investors have been, what portfolios have attracted the strongest interest and why.

Moderator:
Pierre Bergevin, Managing Partner, Brookfield Financial

 

Panel:
Robert Byron, Chairman & Co-Founder, Blue Vista Capital Management LLC
David Green-Morgan, Global Capital Markets Research Director, JLL
Udo Stöckl, Principal & Managing Director, Avison Young


2:10 PM
CONCURRENT SESSIONS (SELECT DD1 OR DD2)
SESSION DD1
AFTER THE U.K. AND GERMANY, HOW MUCH ACTIVITY IS THERE IN OTHER EUROPEAN MARKETS? WHO ARE THE HAVES AND THE HAVE NOTS?

A wide ranging session that will examine all facets of Europe and the very diverse economies and property markets across this continent. To what extent is there an imbalance across the different European submarkets: Western vs. Central vs. Southern vs. Eastern? How do you compare tier one countries vs. emerging markets? After Germany and the U.K., are France, Spain and Italy attracting the majority of investor interest in mainland Europe? Which cities are drawing the greatest investor attention? Have some markets bottomed out? Is there greater stability now across the EuroZone which in turn is fuelling investment and development activity?

Moderator:
Matthias Thomas, Chief Executive Officer, INREV (European Assoc for Investors in Non-Listed Real Estate Vehicles)

 

Panel:
Stéphane Amine, Chairman & Founder, Inovalis REIT
Edmund Craston, Managing Director, Rockspring Property Investment Managers LLP
Nick Hendy, Senior Director, EMEA Capital Markets, Investment Division, CBRE
Martin Towns, Head of Capital Solutions, M&G Real Estate

SESSION DD2
OUTBOUND AND INBOUND CAPITAL FLOWS ACROSS ASIA PACIFIC: TO WHAT EXTENT IS CHINESE INVESTMENT GROWING GLOBALLY?

There was a time when global investors evaluated opportunities in Asia Pacific markets ranging from Japan, Singapore and Hong Kong to the emerging markets in China, Vietnam and others. There was more inbound capital than outbound. However, there is now a surge of Chinese investment into global real estate markets with the United States being one the primary markets of interest along with many others. This session will examine these trends. Who are the global investors from this region and what are their objectives? To what extent is the interest greater: foreign capital heading into Asia Pacific or Chinese investors moving into foreign markets?

Speakers:
Jim Szabo, Vice Chair, National Investment Team, CBRE Limited
Russell Chaplin, Chief Investment Officer – Property, Aberdeen Asset Management
Hing Yin LEE, Executive Director, Overseas Real Estate Investment, Ping An Trust Co. Ltd.

 


3:10 PM
THE CHALLENGES FACING DIFFERENT GLOBAL INVESTORS: REITS VS. PRIVATE EQUITY VS. INSTITUTIONAL
Yardi

With access to relatively low costs of capital, a wide range of investors are active in global markets. This session will examine the relative challenge/strengths of three major types: REITs vs. private equity funds vs. institutional organizations. How is each one mitigating risk in the current market environment? What types of investment and development opportunities make the most sense for each category of investor? What is the difference in the business model that they use in tier one markets vs. frontier markets vs. emerging markets? How should you play the global markets in 2016? What strategies make the most sense? Where is the greatest potential for growth? How are you mitigating risk in the current market environment? Has the flight of capital towards quality assets been overplayed? Will development continue to be viewed as a preferred growth strategy by many entrepreneurs?

Moderator:
Rita-Rose Gagné, Executive Vice President, Growth Markets, Ivanhoé Cambridge

Panel:
Jérôme Foulon, Managing Director, Real Estate Investments, PSP Investments
Corrado Russo, Managing Director, Investments and Global Head of Securities, Timbercreek Asset Management
Shawn Lese, Head of Business Development, North America, TH Real Estate
Jeffrey Scott, Senior Managing Director, Real Estate Investment Banking, Eastdil Secured


4:10 PM
ADJOURNMENT

6:00 PM
CHAIRMEN’S RECEPTION

Jointly with the attendees to The Real Estate Forum.Canadian Room.
Fairmont Royal York Hotel.