CONCURRENT SESSIONS (Select B1, B2, B3, B4 or B5)
THE CHANGING NATURE OF WORK AND THE NEEDS OF OCCUPIERS: IMPLICATIONS FOR THE OFFICE MARKET ACROSS CANADA
Canada’s office market of more than 500 million sq. ft. was somewhat erratic this past year. While vacancy rates rose in some markets, they also reversed course in some others. What were the reasons for this trend when you consider that our major cities are witnessing the largest surge in new development in over 25 years? A significantly concurrent theme is the strong growth and shift towards coworking office environments. A major surge is occurring and accelerating whereby the office is becoming more than a conventional work space. The result is a range of business models and solutions provided by a number of players (Regus to WeWork to others) and the evolution of the concept of WorkPlace-as-a-Service (WaaS). This session will focus on the landlord and tenant decision drivers and response to the demand for this space, its amenitization, the implications for leasing, and how to engage the appraisal and capital markets to properly assign value to flexible leases. Can you “pick the lock on WaaS” including its demand, business, and balance with traditional leasing models and practices in today’s office market?
Stefan Teague, Executive Managing Director, Cushman & Wakefield Ltd.
Sheila Botting, Senior Partner & Canadian Real Estate Leader, Deloitte
Tom Burns, Executive Vice President & Chief Operating Officer, Allied Properties REIT
Dave McLaughlin, General Manager, Northeast & Mid-Atlantic, WeWork
Jonathan Pearce, Executive Vice President, Leasing, Office & Industrial, North America, Ivanhoé Cambridge
Chris Tambakis, Chief Executive Officer, North America, Adgar Investments & Development Inc.
THE APARTMENT MARKET CONTINUES TO BE BUOYANT: SOLID RETURNS, SUSTAINABLE DEMAND, AND PURPOSE-BUILT RENTAL
For many investors, the staple of a well-diversified real estate portfolio today includes multi-family assets. Predictable yields and strong cash flows make apartments one of the most reliable property classes. Investor demand far outweighs supply in many markets creating some cap rate compression. What direction is the multi-residential market likely to take in 2019 in gateway cities across Canada? How are occupancy rates across the country? How much purpose built rental construction is expected in 2019? In which cities? How are some owners integrating multi-residential development within their current assets and properties? How are niche rental markets performing, e.g. student housing, seniors housing? What challenges does the apartment market face over the next few years?
Aik Aliferis, Senior Managing Director & Senior Director of Institutional Property Advisors, Marcus & Millichap
Daniel Drimmer, Founder & CEO, Starlight Investments
Brian McCauley, President & CEO, Concert Properties Ltd.
Jaime McKenna, Chief Investment Officer, Minto Apartment REIT
Greg Romundt, President & CEO, Centurion Asset Management Inc.
Wendy Waters, Senior Director, Research Services & Strategy, GWL Realty Advisors Inc.
INVESTMENT OVERVIEW OF GATEWAY CITIES AND MID-MARKETS ACROSS CANADA
A panel of investors will provide an extensive discussion on prospective buying and selling trends for 2019. The story for the past year has been a familiar one: a market imbalance where the amount of capital trying to buy assets continues to exceed quality investment opportunities. The result? Record investment sales. What are the major reasons for this continued trend across Canada? How much liquidity is in the market? Who are likely to be buyers in 2019? Will value added and opportunistic buyers be more active? Who will be the sellers? Which asset classes will likely be most favoured by investors? Which cities will be “top of mind”? How do investor attitudes vary from institutional vs. private and domestic vs. offshore? What opportunities are there for investors to tap into or partner with the public sector? What do you need to understand about these types of relationships? How are mid-markets likely to fair vs. major cities?
Adam Kosoy, Vice President & Senior Director, Equities, North American Development Group
Carole Guérin, Managing Director, Real Estate Investments, PSP Investments
Rob Kumer, Chief Investment Officer, KingSett Capital
Allan Perez, Managing Director, CanFirst Capital Management
Toni Rossi, President, Real Estate, Infrastructure Ontario
Brady Welch, Founding Partner, Slate Asset Management L.P.
TRANSIT ORIENTED DEVELOPMENT AND OTHER FORMS OF CITY BUILDING: WHAT IS DRIVING URBANIZATION ACROSS CANADA? HOW LONG WILL THE CURRENT PACE CONTINUE?
Across the country, there is an unprecedented amount of intensification activity and urban revitalization on a scale that has not been seen for decades. A panel of developers and a planner active in various Canadian – and in some cases global – markets will provide their insights on what key economic, demographic and social forces are responsible for the renewal trends in our cities. What type of innovative and unique projects are emerging to create new forms of residential, office, retail, and hotel uses? What are some of the various challenges that projects need to overcome within a very dense, highly regulated urban environment? What are the pros and cons of transit oriented developments? How feasible is it for projects to push the envelope on net zero, intelligent buildings, higher performance and other challenging metrics? What does the future hold for development activity across Canada?
Casey Gallagher, Executive Vice President, National Investment Team, CBRE Limited
Lisa Chandler, Vice President, Development, Oxford Properties Group
Ian Duke, Vice President, Acquisitions & Development, Westbank
Heather Grey-Wolf, Vice President, Development, Capital Developments
Stefan Savelli, Senior Vice President, Retail, ONE Properties
Eric Turcotte, Partner, Urban Strategies Inc.
WHAT DO YOU NEED TO KNOW AND UNDERSTAND ABOUT TECHNOLOGICAL TRANSFORMATION? HOW CAN REAL ESTATE COMPANIES DEVELOP INNOVATIVE STRATEGIES TO APPLY PROPTECH TO IMPROVE THEIR BOTTOM LINE?
Technological innovation is changing the world at an unprecedented speed and the real estate market and industry is not exempt from this transition. The intersection of real estate and technology is referred to as PropTech. Whether it is considered disruptive force or transformational, you need to understand it and embrace it. While technology enables us to do so more today, fast forward ten years and the pace of change and evolution will be more significantly accelerated. What is the range of strategies that you could be considering in order to take advantage of technological innovations for your real estate assets, for your overall portfolio, for your firm, for your clients, and for your best practices? What are some examples of PropTech initiatives that have entered the market?
Amy Erixon, Principal, Managing Director, Avison Young Global Investment Management
Lachlan MacQuarrie, Vice President, Real Estate Management, National Programs, Oxford Properties Group
Susan McArthur, Managing Partner, GreenSoil Investments
Zak Schwarzman, Partner, MetaProp Ventures
Jameson Weber, Global Head of Special Situations, QuadReal Property Group