PERE Summit Europe 2012

Preliminary Agenda (subject to change)

Day One: Thursday 7 June
08.00 – 08.40	Registration & Coffee
08.40 – 08.50	PEI Welcome Philip Borel, Editorial Director, PEI
08.50 - 09.00	Opening address by the chairman Mark H. Newman, Managing Partner, Broadcliff Capital Partners
09.00 – 09.30	Opening keynote address Irvine Sellar, Founder, The Sellar Property Group
09.30 – 10.20	Panel session Europe as a special situation: real estate opportunities • Is Europe the best distressed market in the world? • London/Paris/Germany versus rest of Europe • What are the drivers for real estate capital entering the market and when will the deal flow start to increase? • Accessing attractive real estate deals in the face of the sovereign debt crisis and Euro uncertainty Moderator: Dean Hodcroft, Partner, Ernst & Young Panellists: Amy Aznar, Head of Debt Investment and Special Situations, LaSalle Investment Management Dietrich Heidtmann, Managing Director - Capital Markets, EMEA & Asia Pacific, Grosvenor Fund Management Russell Jewell, Head of Private Equity Funds, AEW Europe
10.20 – 11.40	Speed Networking
11.20 – 11.40	PERE Perspective On-screen interview: Views from the banking industry Rory Cullinan, Chief Executive, Non-Core Division, RBS
11.40 – 12.25	Panel session Real estate financing: trends in the debt market and the future outlook • Examining the current availability of debt and where to find the senior debt • As banks strive to meet their Core Tier 1 capital ratios, how is new capital entering the market to fill the funding gap? • Current trends in debt pricing: will the prices that investors want to pay and what banks need to sell at converge? • Is refinancing an opportunity or a burden? Moderator: Russell Platt, Chief Executive Officer, Forum Partners Panellists: John Barakat, Head of Real Estate Finance, M&G Investments Jane Cheong Tung Sing, Partner, Clifford Chance Philip Cropper, Executive Director, CBRE Real Estate Finance Christoffer Lydiker, Vice President Private Real Estate, Partners Group
12.25 – 13.00	PERE Interview with Jim Garman, Managing Director Merchant Banking Division, Goldman Sachs Interviewer: Robin Marriott, Editor, PERE
13.00 – 14.15	Lunch
14.15 – 15.15	Workshops (run concurrently)
	Workshop A Workout, restructuring and recovery strategies • Structured exiting and divestments • Voluntary agreements versus legal routes • Cross-border and multi-jurisdictional situations • The human factors Moderator: Ari Danielsson, Managing Director & Co-Founder, Reviva Capital Panellists: Dr. Ruprecht Hellauer, Managing Director, Albulus David Ryland, Partner, SJ Berwin Dr Collin Schmitz-Valckenberg, Managing Director, ORLANDO Real Estate AG	Workshop B Focus on the UK market • What is the outlook for the UK market? • Has the UK reached a pricing peak? • Investing in second tier cities • Non-core strategies being favoured Moderator: Anthony Shatz, Partner, SJ Berwin Panellists: John Humberstone, Partner, Orchard Street Investment Management Patrick Smith, Director of Acquisitions, Frogmore Real Estate Partners Investment Management Mark Tagliaferri, Managing Director, GI Partners
15.15 – 16.15	Workshops (run concurrently)
	Workshop C Practical guidance for professionals: Regulation, fees, fund admin Part 1: Solvency II and Basel III • Two sides of the same coin? • How is Solvency II and Basel III affecting institutional investors’ appetite for real estate? Part II: The AIFM directive • Implications and effects of AIFM on real estate portfolio management • Models to ensure compliance Moderator:: Robin Hubbard, Investment Director, Investor Relations, InfraRed Capital Partners Panellists: Peter Cosmetatos, Director of Policy (Finance), British Property Federation Michael Hornsby, EMEIA Real Estate Funds Leader, Ernst & Young Daniela Klasen-Martin, Managing Director, DCG	Workshop D Northern versus Southern Europe: different markets and invetors, equal opportunities? • What and where are the opportunities in the next 18 months • Who is likely to benefit? • How to achieve predictable returns through structuring? Moderator: Keith O’Donnell, Global Real Estate Leader, Taxand Panellists: Andrew Allen, Director of Global Property Research, Aberdeen Asset Management Simon Durkin, Director, Head of European Research, RREEF Simon Mallison, Senior Director - European Research, Invesco Real Estate Erika Olsen, Partner, Tenzing AB Peter Todd, Director, Resolution Real Estate Advisers
16.15 – 16.45	Coffee break
16.45 – 17.30	Panel session The changing landscape of real estate investment strategy: balancing the risk/reward ratio • What type of deals are we going to see - joint ventures, club deals, co-investments and beyond • Is this the end for captive funds? • Secondaries as viable high-yield investment opportunities • The rise of recaps – a solution to illiquidity? Moderator: Roger Barris, Founding Partner, Peakside Capital Panellists: Dilip Awtani, Managing Director, Colony Capital Phillip Burns, Chief Executive Officer, CORESTATE Capital Harm-Zweir Medendorp, Manager Alternative Investments, TKP Investments Damien Smith, Prinicipal, The Townsend Group
17.30 – 18.00	The Big Debate *This house believes it is better to be a small focused fund manager than a large diversified one* Nicholas Lockley, Deputy Director Conferences, PEI Media For: Keith Breslauer, Managing Director, Patron Capital Partners John Carrafiell, Founder & Managing Partner, GreenOak Real Estate Advisors Against: Peter Reilly, Managing Director and Group Head, J.P. Morgan Asset Management Will Rowson, Chief Investment Officer, CBRE Global Investors
18.00 – 18.10	Chairman’s closing remarks: Highlights for Day 2
18.10 – 20.00	Cocktail Reception and end of Day One

Day Two: Friday 8 June
08.15 – 09.00	Instiitutional Investor Breakfast
08.50 – 09.00	Chairman’s welcome and recap from day 1
09.00 – 09.30	Pan-European Investment Returns: The Art and Science of Risk Assessment and Management Dr Ian Cullen, Co-Founding Director & Head of Information Standards, IPD
09.30 – 09.45	PERE Perspective What do UK pension funds want? Jenny Buck, Head of Property, Tesco Pension Fund
09.45 – 10.30	Panel session On the fundraising trail • Raising investment capital off the back of an underperforming legacy fund • Accessing retail investors and DC schemes • Structuring your fund to provide maximum liquidity • Aligning LP/GP interests via increased transparency of fees and terms Moderator: David Evans, Partner, Goodwin Procter Panellists: Ben Alogo, Fund Management Director, NEINVER Christian Delaire, CEO, AEW Europe Dominic Field, Partner, Hodes Weill Peter Pereira Gray, Managing Director Investment Division, The Wellcome Trust
10.30 – 11.15	Coffee break
11.15 – 12.00	Panel session Holding the purse strings: the consultant’s view • The art of consultancy and how to get the message across • Consultants versus multi-managers • Their clients: what do they want? • What to look for from buyers Moderator: John Mancuso, Director. Real Estate EMEA, Russell Investments Panellists: James Jacobs, Director, Lazard & Co Richard Urban, Head of Real Estate, Cardano Lanhee Yung, Director, Global Capital Raising & Investor Relations, Starwood Capital Group
12.00 – 12.15	PERE perspective The public market: what can private real estate learn from REITs? Maikel Speelman, Senior Analyst Research & Indices,, EPRA
12.15 – 13.00	Closing panel session The future of European real estate investments • Who will succeed in 2013? • Long term outlook for real estate investment where will the growth come from? • Global trends impacting European deals • Lessons from the past and predictions for the future Moderator: Dr Peter Hobbs, Senior Director, IPD Panellists: Eric Adler, Chief Executive Officer, Pramerica Ben Habib, Chief Executive Officer & CIO, First Property Group Plc Chris Papachristophorou, Managing Director, Global Head of RREEF Opportunistic Investments, RREEF Real Estate Aymeric Thibord, Director Real Estate Investment, TIAA-CREF
13.00 – 14.30	Lunch and conference close