Spring Conference 2018

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Spencer Golden
5 years ago
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1 Programme Spring Conference 2018 Liquidity too much of a good thing? YPREF 18 April MAIN DAY 19 April London Conference Co-chairs: Richard Croft, M7 Real Estate Ali Crosthwaite, Simmons & Simmons LLP Anthony Shayle, UBS Asset Management HOST SPONSOR

2 Spring Conference 2018 Speakers Dinner Tuesday 17 April Sponsored by Borrower and Lender Networking Reception Wednesday 18 April Contact: Carol Sponsored by Invite only Wednesday 18 April YPREF Afternoon 14:30 14:50 Registration 14:50 15:00 Welcoming Remarks, Peter Cosmetatos, Chief Executive Officer, CREFC Europe 15:00 15:40 Keynote Speaker Sabina Kalyan, Global Chief Economist & Head of European Research, CBRE Global Investors Based in London, Sabina is responsible for developing CBRE Global Investors house views on the outlook for the global economy and financial markets, and analysing their impact on real estate markets. She is also the head of the eleven-strong European research team which provides strategic and asset level research support to our direct and indirect investment teams. Sabina is a member of the Clarion Global Investment Policy Committee, the European Management Board and the European Investment Committee. Sabina has been with the company for six years. She joined CBRE Global Investors from IPD where she was Chief Economist. Prior to this she worked for Capital Economics, where she developed their UK residential and commercial property market analysis and forecasting service. Sabina studied economics at Lincoln College, Oxford University and is a member of the Society of Business Economists, the Society of Property Researchers and the Investment Property Forum. She is an External Examiner at the University of Reading for the Real Estate Investment Finance programme and a Fellow of the Royal Institute of Chartered Surveyors. 15:45 16:05 Networking Break 16:05 17:05 Educational session: Non Performing Loans (NPLs) The hitchhiker s guide to NPLs. A voyage through the what, why, where and how from some of the industry s leading experts Moderator: Jeremy Trinder, Partner, Latham & Watkins LLP Ben Cairns, Managing Director, Alvarez & Marsal Christian Bessenroth, Director Real Estate & Special Solutions, Bawag P.S.K Federico Montero, Managing Director, Evercore 17:10 18:10 Educational session: Lending against operational Real Estate Why are investors drawn to operating assets? Is this just another way to get higher returns? How strong are the (demographic, economic and regulatory) fundamentals for different kinds of operating assets? What are the risks and pitfalls lenders need to understand? Moderator: TBC John Bigley, Principal, DRC Capital Selina Dicker, Director, Lloyds Bank Commercial Banking Eleanor Jukes, Property Strategist, LGIM 18:10 19:30 YPREF Networking Reception YPREF afternoon The educational sessions are aimed at less experienced market participants and students; they are complimentary for CREFC Europe members and students with a real estate finance focus. Non-members are also welcome subject to a charge of VAT (bulk discounts available). Walk-in registration will not be available for these sessions. Please note that access to these sessions is separate from the CREFC Europe main conference day, Thursday 19 April. If you are joining the main day on Thursday 19 April please note that the above sessions are available at no additional cost but please notify Rachel of your intention to join us so we can manage numbers. We will prioritise younger professionals if we are unable to accommodate everyone. YPREF Programme subject to change

3 Spring Conference 2018 Thursday 19 April Main Day 08:45 Registration & Networking Breakfast 09:20 Welcome, Dale Lattanzio, Chairman, CREFC Europe 09:30 10:15 Keynote Speaker Anatole Kaletsky, Economist Anatole Kaletsky is co-chairman and chief economist of Gavekal Dragonomics, an economic consulting and asset management company based in Hong Kong and Beijing. He was the first chairman of the Institute for New Economic Thinking (from 2010 to 2015) and is now on INET s governing board. He also serves on the Global Board of the Open Society Foundations and the board of JPMorgan Emerging Markets Investment Trust. Before founding Gavekal, Anatole worked for 30 years as an economic journalist and columnist on The Economist, Financial Times, London Times, Reuters and New York Times, writing from London, Washington, New York and Moscow. From 1998 to 2001 he was also a member of the Royal Economic Society s governing council. 10:20 11:15 Liquidity crunch Hard to imagine or unthinkable? Is the cycle extended or accelerating? CRE debt market liquidity origins, push and pull factors, preferred products and strategies How is the wall of money interacting with the real estate cycle? Are the stars aligning for a bit more CMBS? The feast turns to famine when not if? Moderator: Richard Croft, Chief Executive Officer, M7 Real Estate Trish Barrigan, Senior Partner, Benson Elliott Ekaterina Advonina, Chief Executive Officer, Delin Capital David Snelgrove, Managing Director, Oaktree Capital Duncan MacPherson, Managing Director, Starwood Capital 11:15 11:45 Networking Break 11:45 12:30 Risky Business? What are the options beyond senior? How do mezz, whole loans and equity compare? Is capital raised being deployed? Are returns appropriately risk-adjusted? Development Finance State of Play and Opportunities Moderator: Robert Weinberg, Managing Director, Eastdil Secured Jason Constable, Head of Specialist Real Estate, Barclays Alex Mackenzie, Principal, Blackstone Rohit Srivastava, Senior Vice President, Brookfield Asset Management Chris Semones, Executive Director, Goldman Sachs

Spring Conference 2018 Thursday 19 April 12:35 13:15 Risk & Opportunity in a changing climate Join Vincent Nobel, Head of Asset Based Lending, Hermes Investment Management as he leads a conversation

4 Spring Conference 2018 Thursday 19 April 12:35 13:15 Risk & Opportunity in a changing climate Join Vincent Nobel, Head of Asset Based Lending, Hermes Investment Management as he leads a conversation with Dan Winters, CRE, Head of Americas, GRESB BV and Jessica Fries, Executive Chairman, The Prince s Accounting for Sustainability Project (A4S) 13:15 14:05 Networking Lunch Sponsored by 14:05 14:45 Further details to be announced 14:50 15:30 UK residential build to rent a hot sector for liquidity, now to deployment Build-to-Rent The new liquidity magnet? But can it be deployed and will liquidity flow continue? Moderator: Jessica Tomlinson, Head of Real Estate, South East and Eastern Region, Barclays Rob McDonnell, Fund Manager, Aberdeen Asset Managment Sophie White, Head of Infrastructure, PRS & Complex Projects, Homes England Cath Webster, Executive Director Strategy & Investment, Quintain Duncan Sutherland, Regeneration Director, Sigma Capital Group PLC 15:35 16:10 Liquidity moderators for the next few years Financial regulation Basel III, Solvency II, the EU s new securitisation framework for regulated firms Tax levelling the playing field, or a major threat to the use of leverage? Tighter monetary policy and the end of QE for the whole market What other factors might stem inflows of global capital? Moderator: Sue Forster, Chief Executive Officer, IPF Jeff Rupp, Director of Public Affairs, INREV Richard Gwilliam, Head of Property Research, M&G Investments Marieke van Kamp, Head of Private Markets, NN Group Yolande Barnes, Head of World Research, Savills

Spring Conference 2018 Thursday 19 April 16:15 16:35 Networking Break 16:35 17:20 Swallows & Vultures Debt innovation Investor choice versus borrower demand?

What products and vehicles are being created to match the gaps?

5 Spring Conference 2018 Thursday 19 April 16:15 16:35 Networking Break 16:35 17:20 Swallows & Vultures Debt innovation Investor choice versus borrower demand? New allocations from fixed income and real estate what are they looking for? Where are the liquidity gaps for borrowers? What products and vehicles are being created to match the gaps? Moderator: Anthony Shayle, Managing Director, UBS Asset Management Michael Kovacs, Founding Partner, Castleforge Partners Lorna Brown, Head of Real Estate Debt, Legal & General Investment Management Anne Gales, Partner, Threadmark 17:25 17:45 Join the wrap up session with the conference co-chairs 17:45 20:00 Sponsored by Networking Reception Programme subject to change crefceurope.org

6 Sponsors Media Sponsors Supporter

Spring Conference & 11 May, London

Spring Conference & 11 May, London Host Sponsor crefceurope.org Wednesday 10 May YPREF Afternoon FREE to CREFC Europe members 13:00 YPREF Registration, tea & coffee 13:30 Welcome Ben Herson, Associate CRE, Lloyds Bank Commercial Banking