Real Estate Investment & Development Across the World. London 6 May 2009

Transcription

1 Real Estate Investment & Development Across the World London 6 May 2009

2 Total Real Estate The Big Picture Global investment - what strategies in a downturn? Western Europe - winner of the downturn? UK Investing - are values attractive once again? Investors Program Pension Real Estate Investments - are new strategies necessary? Investments in Russia - justifying risk or the land of opportunities? Back to the Roots - when, how, where ever? Capital Markets Credit Crunch - is the worst over? Debt financing - new realities? Distressed Assets - minimizing the stress, maximizing the assets Regional Program Indian Real Estate - what is in it for the next 5 years? Brazil Mexico Latin America - is the timing right? CEE - are emerging markets more resilient? Sector Program Global Office Investment - how bad can it become? Hotel Acquisition, Financing and Development - what are the secrets? European Retail - saturation or still way to go? Strategic Program Small is Beautiful - is it easier to be a small developer? Debt Restructuring - realizing substantial capital value? Joint Ventures - solution to the growing equity requirements?...and many more The GRI invites senior industry leaders who might find it useful to co-chair a discussion at a GRI event to contact Henri Alster, Chairman, Global Real Estate Institute. henri.alster@globalrealestate.org Subhash Bedi Red Fort Capital Anton Bilton Raven Russia Paul Brundage Oxford Properties Filippo Carbonari IGD Andrew Chapman John Lewis Partnership David Dahlgren Kenmore Property Group Louie DiNunzio The Cadillac Fairview Corporation Steven Edwards JP Morgan Sylvia Gansser-Potts EBRD

3 Welcome The GRI - where everyone participates. The job of Discussion Chairs is not to give speeches. It is to make others talk, engage and connect The world is getting smaller, while the opportunities in real estate grow bigger than ever. On 6 May 2009, the GRI will bring together the leading lights of the property industry for the GRI World Summit in London to discuss the global and local issues facing real estate decision-makers today. Like all GRI meetings, the GRI World Summit will have no speakers and no panelists, just informal discussions in small groups, where everyone participates equally. Natalia Shadricheva GRI meetings do not aim to gather the greatest number of participants, only the most senior. If finding new business partners or connecting with peers on topics of mutual interest is useful to you, we would be delighted to welcome you. See you in London. Henri Alster On going updates at Natalia Shadricheva Director, GRI World Summit Russia GRI GRI - Global Real Estate Institute Henri Alster Chairman GRI - Global Real Estate Institute David Gillerman Och-Ziff Capital Rohtas Goel Omaxe Harry Handelsman Manhattan Loft Gregory Hartch GE Asset Management Jan Hazelton Hilton Group Kean Hird Catalyst Capital Todd Hirsch Credit Suisse Philip Irons Benson Elliot Capital Edward Kisala Heitman

4 meeting places... For those who think the opportunity to schedule personal meetings with so many of the industry s best and brightest is too good to pass up... Schedule your appointments early... Audrey Klein Park Hill Manuel Lagares Neinver Don Lam VinaCapital Group Dr. Thomas Mayer Deutsche Bank Kevin McGrath F&C REIT Mike McNamara Royal Bank of Scotland Christian Nickels-Teske Citigroup David Partridge Argent Group Ariel Podrojski BCRE India

5 keynote Tuesday 5 May 19h00-22h00 Wednesday 6 May Private Board Dinner (reserved for GRI attending members, World Summit Partners and Discussion (co)-chairs). The Global Economy after the Credit-driven Super-cycle Dr. Thomas Mayer, CFA Co-head of Global Economics & Chief European Economist Deutsche Bank, CIB Global Markets - Research 08h00 onwards 09h00-17h30 17h30-18h30 Check-in Keynote, Lunch & Group Discussions Closing Drinks Dress code: Business casual. No tie required Intercontinental Hotel, London Park Lane Tony Potter CHI Hotels & Resorts Jeffrey Quicksilver Walton Street Paul Raingold Générale Continentale Investissements Rob Reiskin AEW Europe Frank Ruimy Aerium Nico Veldhuis Multi Turkmall Pere Viñolas Serra Inmobiliaria Colonial Ingeborg Warschke Helaba Ralph Winter Corestate Capital

6 Discussions PLEASE NOTE: GROUP DISCUSSIONS REQUIRE PRIOR SIGN-UP ON REGISTRATION FORM Credit Crunch is the worst over? INGEBORG WARSCHKE bank director HELABA germany KEAN HIRD chairman, cee CATALYST CAPITAL ROB REISKIN md, head of investments AEW EUROPE Ingeborg Warschke Kean Hird PIETER VAN DE KIMMENADE general manager AAREAL BANK netherlands Rob Reiskin Pieter van de Kimmenade Pension Real Estate Investments are new strategies necessary? ANDREW CHAPMAN pension investment manager JOHN LEWIS PARTNERSHIP LAURENT DE SPIRLET real estate director INTEGRALE belgium EDWIN MEYSMANS director KBC belgium Andrew Chapman Laurent De Spirlet Norbert Vanas deputy general director Main Association of Austrian Social Insurance Institutions austria Edwin Meysmans Norbert Vanas Debt Financing new realities? CHRISTIAN NICKELS-TESKE director, real estate finance, cee & russia CITIGROUP germany MICHAEL ACRATOPULO md origination EUROHYPO SUZANNE AVERY md - real estate finance group ROYAL BANK OF SCOTLAND Christian Nickels-Teske Michael Acratopulo Suzanne Avery All material throughout this brochure is subject to change without notice. Ongoing updates at Dr. RASIM KAAN AYTOGU group executive director TANMIYAT GROUP uae PAUL STONE general manager, north-west europe AAREAL BANK Rasim Kaan Aytogu Paul Stone

7 Discussions Global Investment what strategies in a downturn? JEFFREY QUICKSILVER managing principal WALTON STREET usa SUBHASH BEDI RED FORT CAPITAL india CARLA GIANNINI md & european head CREDIT SUISSE Jeffrey Quicksilver Subhash Bedi Carla Giannini GREGORY HARTCH md - international real estate GE ASSET MANAGEMENT france No speakers. RODNEY PEREIRA head of direct re europe EUROPEAN INVESTORS netherlands Paul-Michael Raingold president Générale Continentale Investissements france FLORIS VAN DIJKUM global cio SPEYMILL PROPERTY GROUP Gregory Hartch Rodney Pereira Paul-Michael Raingold Floris van Dijkum Just collegial discussions where all participate equally. Is Debt the New Equity where are investors looking for value? AUDREY KLEIN managing principal PARK HILL RE GROUP JONATHAN HARRIS executive director MACQUARIE REAL ESTATE RAHUL SULE executive director JPMORGAN Audrey Klein Jonathan Harris Rahul Sule Debt Restructuring realizing substantial capital value? TUVI KEINAN executive director MORGAN STANLEY THEO CONSTANTINIDIS founder SOUTHEAST ASIA SPECIAL SITUATIONS STEVEN EDWARDS JP MORGAN Tuvi Keinan Theo Constantinidis Steven Edwards AHSAN ELLAHI co-head division EUROHYPO TODD HIRSCH CREDIT SUISSE Ahsan Ellahi Todd Hirsch

8 Discussions Distressed Assets minimizing the stress, maximizing the assets JOEL PECK senior vice president FIDELITY NATIONAL GLOBAL SOLUTIONS usa NIELS FISCHER member of the management board BAUGRUND germany LLOYD LEE director MARATHON ASSET MANAGEMENT Joel Peck Niels Fischer Lloyd Lee PHILIPPE PEIRS md, & northern europe SOCIÉTÉ GÉNÉRALE france RALPH WINTER founder CORESTATE CAPITAL switzerland Philippe Peirs Ralph Winter Joint Ventures solution to the growing equity requirements? CHARLES CRUDEN solicitor Gide Loyrette Nouel - Ferenczy hungary MANUEL LAGARES ceo NEINVER spain Dr. ANDRÁS SALLAY senior legal counsel TRIGRANIT hungary Charles Cruden Manuel Lagares András Sallay Small is Beautiful is it easier to be a small developer? MAXIME BARKATZ ceo iberia CONCERTO EUROPEAN DEVELOPER spain ILAN ELAD managing partner VISION INDIA REAL ESTATE india REDA KHATIM managing partner PALM CAPITAL Maxime Barkatz Reda Khatim All material throughout this brochure is subject to change without notice. Ongoing updates at Global Office Investment how bad can it become? PAUL BRUNDAGE evp, global asset management OXFORD PROPERTIES canada LOUIE DINUNZIO svp, investments THE CADILLAC FAIRVIEW CORPORATION usa JEAN-LUC SEIDENBERG general manager MACQUARIE REAL ESTATE Paul Brundage Louie DiNunzio Jean-Luc Seidenberg

9 Discussions The job of the Discussion Chairs is not to talk. It is to make everyone else talk... UK Investing are values attractive once again? Western Europe winner of the downturn? MIKE MCNAMARA regional md head of real estate finance ROYAL BANK OF SCOTLAND MARK DONNOR managing principal WESTBROOK PARTNERS JOE FROUD managing partner COLUMBUS CAPITAL MANAGEMENT HARRY HANDELSMAN chairman MANHATTAN LOFT PHILIP IRONS partner BENSON ELLIOT CAPITAL MANAGEMENT KEVIN MCGRATH F&C REIT MALCOLM NAISH global head of property SCOTTISH WIDOWS INVESTMENT JONATHAN (J.J.) OFER THE DEERBROOK GROUP DAVID PARTRIDGE joint chief executive ARGENT GROUP STEVE WILLINGHAM JAGDEEP KAPOOR partner MOOR PARK CAPITAL PARTNERS AZDINE DOULAKI investment management - international finance KEOPS france JONATHAN DRISCOLL principal HOJASCO CAPITAL cyprus DAVID GILLERMAN head of real estate, europe OCH-ZIFF CAPITAL MANAGEMENT FRANK RUIMY chief executive officer AERIUM FINANCE FRANK T SAS Mike McNamara Harry Handelsman Mark Donnor Philip Irons Kevin McGrath Malcolm Naish Jonathan (J.J.) Ofer David Partridge Steve Willingham Joe Froud Jagdeep Kapoor Azdine Doulaki Jonathan Driscoll David Gillerman Frank Ruimy Frank T Sas

10 Discussions Nordic Real Estate hidden opportunities or feeling cold? DAVID DAHLGREN investment director KENMORE PROPERTY GROUP sweden MIKKEL BÜLOW-LEHNSBY partner NORDIC REAL ESTATE PARTNERS denmark JYRKI KONSALA director of european investments REALKAPITAL PARTNERS luxembourg David Dahlgren Mikkel Bülow-Lehnsby RICKARD SVENSSON partner NORDIC REAL ESTATE PARTNERS sweden Jyrki Konsala Rickard Svensson Development in Southern Europe /SEE still growth potential? PETER VESENJAK owner & general manager HOSTING slovenia FLORENTINO CALERO LEON director, eastern europe SC AFIRMA GRUPO INMOBILIARIO spain IAN COLE WEST & EAST INVESTMENTS switzerland TAKISS FYSSAS director/partner GAIA PROINVEST greece OLGA KIENDLER gm and representative HYPO GROUP ALPE ADRIA TASSOS KITSANTAS partner, real estate EUROFIN INTERNATIONAL MICHELE SMALL senior banker EBRD PERE VIÑOLAS SERRA chief executive officer INMOBILIARIA COLONIAL spain STELIOS ZAVVOS ceo ZEUS CAPITAL MANAGERS greece Peter Vesenjak Florentino Calero Leon Olga Kiendler Tassos Kitsantas Michele Small Pere Viñolas Serra Stelios Zavvos All material throughout this brochure is subject to change without notice. Ongoing updates at

11 Discussions CEE are emerging markets more resilient? TASSOS KOTZANASTASSIS 8G CAPITAL PARTNERS cyprus ADAM JASSER editor, central europe Reuters News poland GEORGE MANTZAVINATOS general manager NBG PROPERTY SERVICES greece Tassos Kotzanastassis Adam Jasser George Mantzavinatos FERNANDO SALAZAR head of corporate banking southern and western europe EUROHYPO germany JANET WOO principal banker EBRD ALVYDAS ZABOLIS managing partner ZABOLIS PARTNERS lithuania Fernando Salazar Janet Woo Alvydas Zabolis...getting everybody to share, connect and make friends... Investments in Russia justifying risk or the land of opportunities? WILL ANDRICH president ASTOR CAPITAL GROUP russia SYLVIA GANSSER-POTTS director EBRD HELENA IVANOVIC head of economics department KANAM GRUND germany ANDREI PROTASOV investment manager REALKAPITAL PARTNERS luxembourg Will Andrich Sylvia Gansser-Potts Maxim Seltzer MAXIM SELTZER general director NOMURA (CIS) russia Real Estate in Turkey gone cold? NICO VELDHUIS vice chairman MULTI TURKMALL turkey RICHARD BALFE chairman MEMBERS OF THE EUROPEAN PARLIAMENT PENSION FUND belgium ANTHONY KHOI president CENOR GROUP france Nico Veldhuis Richard Balfe Anthony Khoi

12 Discussions Investment in China what JV structure makes strong returns? EMERY MATTHEWS chief investment officer MAYFIELDGENTRY REALTY ADVISORS usa DAN AVERY director GOULSTON & STORRS usa Emery Matthews Dan Avery Indian Real Estate what is in it for the next 5 years? ARIEL PODROJSKI head of india operations BCRE INDIA india MANISH AGARWAL director LEVERAGE CAPITAL GROUP india ROHTAS GOEL chairman & md OMAXE india Ariel Podrojski Manish Agarwal Rohtas Goel ANURAG MUNSHI transaction director ALPHA REAL CAPITAL INDIA india PARRY SINGH RED FORT CAPITAL india KAPIL WADHAWAN vice chairman & md DHFL india Anurag Munshi Parry Singh Kapil Wadhawan DAVID WALKER chief financial officer SOUTH ASIAN REAL ESTATE David Walker Asia, South East Asia, Singapore safe heaven? DON LAM ceo VINACAPITAL GROUP vietnam ROBERT LESTER principal PARK HILL REAL ESTATE usa All material throughout this brochure is subject to change without notice. Ongoing updates at Don Lam Robert Lester

13 Discussions Brazil Mexico Latin America is the timing right? Dr. MARIO GARNERO chairman BRASILINVEST brazil WILLIAM CISNEROS GOLDENTREE INSITE PARTNERS usa JOAQUIM RONDON DA ROCHA AZEVEDO consultant JHSF brazil Mario Garnero William Cisneros Joaquim Rondon da Rocha Azevedo...as if an after-dinner conversation Industrial/ Logistics in Emerging Markets strategic advantage or bermuda triangle? PHILIPPE VAN DER BEKEN principal FRONTIER CAPITAL PARTNERS luxembourg ANTON BILTON executive deputy chairman RAVEN RUSSIA SERGEY CHASHNIKOV MSG russia MICHAEL EISENKOLB vp real estate structured finance AAREAL BANK germany EDWARD KISALA senior vice president HEITMAN Philippe van der Beken Anton Bilton Sergey Chashnikov in one s own living room. Rustem Mirgalimov chairman Avangard Asset Management russia DAVID O`DONNELL O DONNELL - MEXICO mexico Michael Eisenkolb Edward Kisala Rustem Mirgalimov David O`Donnell Hotel Acquisition, Financing and Development what are the secrets? JAKOB FORSTNIG head of asset management MOUNTAIN CAPITAL FAUSTO BARBA vp finance & development THE WEST PACES HOTEL GROUP usa GEORGE GRAHAM development director THE GLENEAGLES HOTEL JAN HAZELTON vp development HILTON GROUP Jakob Forstnig Fausto Barba George Graham TONY POTTER ceo & CHI HOTELS & RESORTS malta Jan Hazelton Tony Potter

14 Discussions Residential, Mixed-Used and Office In Emerging Markets is there still gold? MIROSLAV YAZOV general manager YAZOV LTD bulgaria LISKA BLODGETT ceo LISKOR IMMOBILIEN GMBH austria ROLAND KAEHLER raine ERIK MIKURCIK head of operation ceo DORCHESTER GROUP slovakia Miroslav Yazov Liska Blodgett Roland Kaehler Erik Mikurcik BACK TO THE ROOTS when, how, where ever? Dr. MICHAEL ALBERTS partner ORRICK HÖLTERS & ELSING germany Brian S. Garrison FOREST CITY INTERNATIONAL DONAL O NEILL director CORNERSTONE CAPITAL MANAGEMENT ireland Michael Alberts Brian Garrison Donal O Neill European Retail saturation or still way to go? FILIPPO CARBONARI ceo IGD italy JOSEP-MARIA CAMACHO-CABISCOL director EUROCOMMERCIAL DANIEL GALVEZ general manager APN EUROPEAN RETAIL PROPERTY GROUP spain Filippo Carbonari Josep-Maria Camacho-Cabiscol Daniel Galvez KRISTOF JACUNSKI TOM INVESTMENT GROUP poland All material throughout this brochure is subject to change without notice. Ongoing updates at SEVERIN SCHÖTTMER director, special property finance AAREAL BANK germany MILES STEPHENSON ceo GARIGAL Kristof Jacunski Severin Schöttmer Miles Stephenson

15 Real Estate Investment & Development Across the World Industry & Media Partners

16 registration form fax to: or Mr/Mrs/Dr First Initials Last (III/Jr/...) Nick-/Badge Name position Direct tel fax INVESTOR PENSION (Investor) PROPERTY COMPANY (Developer) INFRASTRUCTURE COMPANY LENDER HOTEL (Company) INVESTMENT BANK CORPORATE (User) AGENT (Surveyor) ADVISOR (Accountant/Tax) LAWYER A&E (Architect/Engineer) TITLE (COMPANY) GOVERNMENT (Officials) ECONOMIC DEVELOPMENT ACADEMIC (Think Tank) MEDIA TRADE (Group/Exhibit/ Conference Organiser) OTHER PAYMENT DETAILS A receipt will be returned. Please tick Visa Mastercard AmEx check (+ 50)(1) Card Number Name on Card Expiry Street Address company assistant Tel Address City State Postcode Country Division s web address (ex: Signature Credit Card Billing address, if different from above (important, please provide) City State/County Postcode CSC (card security code) Reserve your space: Sign up for group discussions Credit Crunch - is the worst over? Pension Real Estate Investments - are new strategies necessary? Global Investment - what strategies in a downturn? Is Debt the New Equity - where are investors looking for value? Debt Financing - new realities? Debt Restructuring - realizing substantial capital value? Distressed Assets - minimizing the stress, maximizing the assets Joint Ventures - solution to the growing equity requirements? Small is Beautiful - is it easier to be a small developer? Global Office Investment - how bad can it become? UK Investing - are values attractive once again? Western Europe - winner of the downturn? Nordic Real Estate - hidden opportunities or feeling cold? Development in Southern Europe / SEE - still growth potential? CEE - are emerging markets more resilient? Investments in Russia - justifying risk or the land of opportunities? Real Estate in Turkey - gone cold? Investment in China - what JV structure makes strong returns? Indian Real Estate - what is in it for the next 5 years? Asia, South East Asia, Singapore - safe heaven? Brazil Mexico Latin America - is the timing right? Industrial/Logistics in Emerging Markets - strategic advantage or bermuda triangle? Hotel Acquisition, Financing and Development - what are the secrets? Residential, Mixed-Used and Office In Emerging Markets - is there still gold? Back To The Roots - when, how, where...ever? European Retail - saturation or still way to go? Sign-up for group discussions Group discussions run concurrently for 75 minutes each, in successive series of 5 to 6 at a time. Prior sign-up is required for participation, as there is limited seating capacity. While the GRI is committed to trying to satisfy sign-up requests, it regrettably cannot guarantee availability. Please tick ( ). GRI World Summit 09 London, 5-6 May Until 30 March After 30 March Single Non Member 1,675 (+15% VAT) 1,775 (+15% VAT) Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only) Group rate (per person) Non Member 1,525 (+15% VAT) 1,625 (+15% VAT) Discussion Chair or GRI Member 1,275 (+15% VAT) 1,375 (+15% VAT) 50 (+15% VAT) 100 (+15% VAT) GRI Annual Individual Membership (optional) Regular Discussion co-chair** ** Available for fee paying Discussion (co-) Chairs of any GRI during calender year. Sterling 1,

17 registration notes WORLD SUMMIT GRI 2009 London 6 May Intercontinental London Park Lane ***** One Hamilton Place Park Lane, London W1J 7QY Group rate - 3 or more, save 150 each [FOR DISCUSSION (CO-)CHAIRS AND MEMBERS ONLY:] Please before April 1 to: rupa.patel@globalrealestate.org All material throughout this brochure is subject to change without notice. Ongoing updates at HOTEL VENUE Please book directly with the venue. Lodging costs are not included in conference fees. Intercontinental Hotel Reservations: Tel Fax londonreservations@ihg.com Classic Room 200 (ex. VAT) Superior Room 250 (ex. VAT) For all event enquiries please contact Rupa Patel: tel rupa.patel@globalrealestate.org Badges Delegates must wear badges at all times. Admission will regrettably not be possible otherwise. Terms and conditions Payment is required by return. Delegate fee must be paid in full prior to conference or admission is regrettably not possible. Confirmation will be sent on receipt of payment. If you have not received confirmation within 14 days of registration, please contact us to confirm your booking. Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possible at any time. 90% refund will apply if cancellation notice is received by 30 March We regret no refunds are possible for cancellations received thereafter. Onsite cash Registrations On site registrations payment (credit card or cash only) (15% VAT) (1) Check Check and methods of payment other than credit cards incur an additional 50 + (15% VAT) charge. Pay GRI. Mail check and registration form to: GRI, 1379 High Road, London N20 9LP, UK (2) Group rate Group rate is per person. Applies to groups of 3 or more participants. Need not be from the same company. Please note that registration fee reductions are not cumulative. I N D U S T R Y P A R T N E R 20th anniversary March 2009 Palais des Festivals, Cannes, France W W W. M I P I M. C O M Please provide: 1. COMPANY SPECIALTY - maximum 16 words: Investors/lenders: criteria (type where amount range existing vs development...) Example: office, hotels, bulk sales Germany, CEE, China US$ million existing or development major metros only Developers: product specialty (type where size range existing v development...) Other: describe speciality bullet point style 2. COLOR PORTRAIT PHOTO: HIGH RESOLUTION.JPG 3. LOGO: COLOR B/W INVERSE (.EPS FORMAT) 4. PERSONAL BIOGRAPHY + DIVISION S PROFILE words maximum total, in 1 or 2 languages [adjust pro-rata if other language takes less space (e.g. Mandarin - 2 to 1) or more]. - Division s profile: division s specific activity (more relevant & useful than company s overall) Early registration - Save 100 prior to 30 March GRI annual membership john a Carrafiell global co-head real estate morgan stanley sedipsum@aliquammassa.com tel Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed ipsum. Quisque eleifend pellentesque diam. Aliquam massa. Duis mi. In in magna id quam posuere congue. Mauris urna eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu. Nullam semper elit vel risus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos hymenaeos. Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed condimentum venenatis risus. Vestibulum velit nisi, placerat luctus, venenatis et, faucibus id, felis. Integer accumsan. Nullam sed nunc. Morbi leo. INDIVIDUAL MEMBERSHIP GRI Members as of December 31 are listed in the GRI Yearbook of the subsequent year, published in March. GRI Members benefit from reduced Member rates when registering to attend GRI Meetings. Starting date of membership is the 1st day of the quarter in which registration is made. It can be requested to start the next quarter. Cancellation: Expiring memberships self-cancel automatically if not renewed. There is no mid-year cancellation mechanism. Complete list of membership benefits available on request. corporate MEMBERSHIP Please contact Henri Alster, Chairman, GRI - henri.alster@globalrealestate.org investor philip B. GaillarD international chairman Hro group sedipsum@aliquammassa.com tel investor Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed ipsum. Quisque eleifend pellentesque diam. Aliquam massa. Duis mi. In in magna id quam posuere congue. Mauris urna eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu. Nullam semper elit vel risus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos hymenaeos. Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed condimentum venenatis risus. Vestibulum velit nisi, placerat luctus, venenatis et, faucibus id, felis. Integer accumsan. Nullam sed nunc. Morbi leo. françois pochard ceo aew europe sedipsum@aliquammassa.com tel investor office hotels bulk sales germany cee china us$ million existing or development major metros only Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed ipsum. Quisque eleifend pellentesque diam. Aliquam massa. Duis mi. In in magna id quam posuere congue. Mauris urna eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu. Nullam semper elit vel risus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos hymenaeos. Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed condimentum venenatis risus. Vestibulum velit nisi, placerat luctus, venenatis et, faucibus id, felis. Integer accumsan. Nullam sed nunc. Morbi leo. office hotels bulk sales germany cee china us$ million existing or development major metros only office hotels bulk sales germany cee china us$ million existing or development major metros only harin thaker pierre Cherki rreef sedipsum@aliquammassa.com tel investor ceo europe Hypo real estate bank InternatIonal sedipsum@aliquammassa.com tel lender Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed ipsum. Quisque eleifend pellentesque diam. Aliquam massa. Duis mi. In in magna id quam posuere congue. Mauris urna eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu. Nullam semper elit vel risus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos hymenaeos. Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed condimentum venenatis risus. Vestibulum velit nisi, placerat luctus, venenatis et, faucibus id, felis. Integer accumsan. Nullam sed nunc. Morbi leo. office hotels bulk sales germany cee china us$ million existing or development major metros only Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed ipsum. Quisque eleifend pellentesque diam. Aliquam massa. Duis mi. In in magna id quam posuere congue. Mauris urna eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu. Nullam semper elit vel risus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos hymenaeos. Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed condimentum venenatis risus. Vestibulum velit nisi, placerat luctus, venenatis et, faucibus id, felis. Integer accumsan. Nullam sed nunc. Morbi leo. BernD knobloch chairman of the board eurohypo ag sedipsum@aliquammassa.com tel lender office hotels bulk sales germany cee china us$ million existing or development major metros only Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed ipsum. Quisque eleifend pellentesque diam. Aliquam massa. Duis mi. In in magna id quam posuere congue. Mauris urna eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu. Nullam semper elit vel risus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos hymenaeos. Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed condimentum venenatis risus. Vestibulum velit nisi, placerat luctus, venenatis et, faucibus id, felis. Integer accumsan. Nullam sed nunc. Morbi leo. office hotels bulk sales germany cee china us$ million existing or development major metros only

18 Real Estate Investors & Developers in North America A NEW BEGINNING GRI Türkiye CR09_210_cover.indd 1 09 Turkey New York 26 FebruarY 18/2/09 14:00:06 GRI europe chairmen s retreat 09 Turkey GRI 2009 Istanbul, 20 January USA GRI 2009 New York, 26 February St Moritz, January Shanghai 2-3 June China Real Estate Investment and Development in Germany 全球不动产投资者与中国开发商决策层的私人聚会 Frankfurt April Deutsche09_marketing.indd 1 Asia GRI 2009 Singapore, 4-5 March Deutsche GRI Cover_ideas2.indd 6 28/1/09 11:33:38 Frankfurt, April GRI World Summit /1/09 11:45:22 China GRI 2009 London, 6 May Shanghai, 2 June Russia GRI 2009 new europe GRI 2009 gri europe 2009 NE09_cover_design.indd 1 GRI Europe Summit 2009 Paris, September India GRI 2009 Mumbai, September Moscow, 30 September Warsaw, November info@globalrealestate.org 28/1/09 11:39:49