VIP EUROPE VISIONS INSIGHTS & PERSPECTIVES Institutional Real Estate, Inc. 21-23 February, 2017 HOTEL VIER JAHRESZEITEN KEMPINSKI MUNICH MUNICH, GERMANY FROM THE PUBLISHERS OF: CO-CHAIRS: Geoffrey Dohrmann President & CEO Institutional Real Estate, Inc. Jonathan Schein SVP, Managing Director of Global Business Development Institutional Real Estate, Inc. 2017 VIP EUROPE ADVISORY BOARD: Alex Griffiths Director, Investor Relations AEW Maurizio Grilli Head of Investment Management & Strategy BNP Paribas Real Estate Jose Pellicer Partner, Head of Research Rockspring Simon Redman Managing Director, Client Portfolio Management – Europe Invesco Real Estate Gianluca Romano Managing Director Courtland Partners, Ltd. Ilkka Tomperi Investment Director, Real Estate Varma Mutual Pension Insurance Company Alexander Van Riel Head of Continental Europe CBRE Global Investment Partners Bernd Wegener FRICS Head of Real Estate VKB PLATINUM SPONSOR: GOLD SPONSOR: SILVER SPONSORS:
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V I PE U R O P E
V I S I O N SI N S I G H T S &P E R S P E C T I V E SInsti tut ional Real Estate, Inc.
21-23 February, 2017 HOTEL VIER JAHRESZEITEN KEMPINSKI MUNICH
MUNICH, GERMANY
FROM THE PUBLISHERS OF:
CO-CHAIRS:
Geoffrey DohrmannPresident & CEOInstitutional Real Estate, Inc.
Jonathan ScheinSVP, Managing Director of Global Business DevelopmentInstitutional Real Estate, Inc.
2017 VIP EUROPE ADVISORY BOARD:
Alex Griffiths Director, Investor Relations AEW
Maurizio Grilli Head of Investment Management & Strategy BNP Paribas Real Estate
Jose Pellicer Partner, Head of Research Rockspring
Simon Redman Managing Director, Client Portfolio Management – Europe Invesco Real Estate
Gianluca Romano Managing Director Courtland Partners, Ltd.
Ilkka Tomperi Investment Director, Real Estate Varma Mutual Pension Insurance Company
Alexander Van Riel Head of Continental EuropeCBRE Global Investment Partners
Bernd Wegener FRICS Head of Real Estate VKB
PLATINUM SPONSOR: GOLD SPONSOR: SILVER SPONSORS:
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 22
The VIP Europe Audience
SUPERB CONTENT
The content of VIP Europe is care-fully tailored to the trends and information that are important to you as an industry executive. Speakers are chosen for their topic expertise and the presentation environment is kept marketing-free so attendees receive pure content.
NETWORKING
VIP Europe delivers a network-ing experience that not only encourages candid discussions but also fosters relationships that go beyond the conference. The event has a 3:1 ratio of investment managers to investors, which lim-its the size and produces a much more efficient networking experi-ence. Managers are able to meet the right investors and investors can meet the right managers in a setting that is more relaxed and productive. Throughout the event, there are a number of opportuni-ties to get to know other attend-ees. Whether you are discussing a crucial industry topic in a small roundtable discussion group or networking at breakfast, you will walk away with new colleagues.
MARKETING FREE
VIP Europe is a marketing-free environment. This means thatsales pitches are not allowed in presentations. This rule is enforced and any violators will get gonged ... literally. As a result, our attend-ees are delivered exceptional con-tent that helps them strategize, make better decisions and grow their business.
“ VIP Europe has become known for its high caliber content, action oriented insights, and their struc-tured networking sessions, called roundtable discussion groups, are a great way to gain new market intelligence and build relationships.” Stein Berge Monsen Senior Vice President DNB Real Estate
VIP Europe is a unique event that is patterned after our VIP Americas conference. VIP Europe brings together the most active institutional investors, investment managers and consultants in the European institutional real estate industry. It acts as a bridge that provides a superb platform for attendees to have candid discussions about critical issues happening now.
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 33
What makes VIP Europe Different?
TO SEE WHO JOINS US AT VIP EUROPE, PLEASE SEE A PARTIAL LIST OF INVESTMENT MANAGERS, CONSULTANTS AND INVESTORS THAT HAVE ATTENDED IN THE PAST:
• Aberdeen Asset Management • AEW Europe• AHV Equalisation Fund • Allianz Real Estate
GmbH • Amstar • Amundi• Angelo, Gordon Europe, LLP• AP Pension• APG AM• Ares Management• Atlantic Partners, Ltd.• ATP Real Estate• Aviva Investors (Europe)• AXA Investment Managers • BlackRock• BNP Paribas Real Estate • Bouwfonds Real Estate
Plan Investment Board• CBRE Global Investors• Church Commissioners for
England Colony Capital, LLC• Cornerstone Real Estate
Advisers, LLC• Danica Pension• Deka Immobilien
Investment GmbH• Deutsche Asset &
Wealth Management• Deutsche Finance Group• DNB Real Estate
Investment Management• E.On AG• Europa Capital LLP• Forum Partners
• Generali Real Estate• GIC Real Estate Pte. Ltd. • Grosvenor Fund
Management, Ltd. • Hermes Real Estate Investment• Heitman • Hines• Hodes Weill & Associates • Immobilis GmbH• Invesco Real Estate• J.P. Morgan Asset Management
Global Real Assets• Laegernes Pensionskasse • LaSalle Investment Management • Legal & General Property • M&G Investments• Mercer• MGPA• Migros-Pensionskasse• Morgan Stanley• NAEV North Rhine
Doctors Pension Fund • National Pension Service of Korea • Partners Group • PATRIZIA Immobilien AG • PCCP, LLC • PFA Pension• PGGM Investments • Pramerica Real Estate Investors • Prologis• Public Sector Pension
Investment Board• Quilvest and Partners France • RealFoundations • Rockspring Property
• Sparinvest Property Investors A/S • Starwood Capital Group • Syntrus Achmea Vastgoed• TH Real Estate• Tishman Speyer• Tristan Capital Partners• UBS Global Asset Management
Global Real Estate• Union Investment
Real Estate GmbH• Unipension• USAA Real Estate Co. • Zurich Insurance Co.
Executives involved in institutional real estate investing, including:• Senior pension fund executives• Foundation, endowment and Taft-Hartley officers• Sovereign wealth fund and family office executives • Key trustees and consultants• Leading investment advisers and placement agents • Real estate lenders• Others involved in real estate allocation decision making
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 4
15:00 Investor-Only and Manager-Only Breakout Session MODERATORS: Geoffrey Dohrmann, President & CEO, Institutional Real Estate, Inc. Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
Please see below a list of discussion options tables can select from: • Risk and returns: Projections vs. Realities • European elections in 2017 and what they could mean for economies, capital flows and real estate • QE and how its potential end might impact economies, capital markets and real estate
16:00 Blended: Roundtable Discussion Group Investors and managers will join together for group leader reports in an open forum discus-sion to examine different topics to discover where there is common ground as well as differ-ences between the two groups, to discover new insights and gain broader perspective on certain issues.
MODERATORS: Geoffrey Dohrmann, President & CEO, Institutional Real Estate, Inc. Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
17:00 Adjourn
17:30 Welcome Cocktail Reception
Agenda
Tuesday, 21 February
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 5
07:30 Breakfast
08:45 Welcome Geoffrey Dohrmann, President & CEO, Institutional Real Estate, Inc. Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
09:00 A Global Perspective: The World As Our Readers See It Geoffrey Dohrmann, President & CEO, Institutional Real Estate, Inc.
09:30 Overview of Global Real Estate Performance A review of global real estate returns, main market drivers and trends.
Will Robson, Executive Director and Global Head of Real Estate Applied Research, MSCI
09:45 State of Core How has the definition of core changed over the years? What is the current profile? We will look at core from country, regional, and developed vs. emerging market perspectives. Plus, we will also discuss specif-ics such as location, building profile, leverage, etc. How much is too much? What are the risks to consider today? What are the future demand trends for core European property from a capital and property level?
MODERATOR: Matthew Richardson, Director of Research - Real Estate, Fidelity International PANELISTS: Dr. Alexandra Krystalogianni, Global Head of Research, Allianz Real Estate GmbH Dr. Marcus Cieleback, Head of Research, PATRIZIA Immobilien AG Rainer Komenda, Head of Real Estate Funds, Bayerische Versorgungskammer (BVK)
10:30 Break
11:00 State of Core: Roundtable Discussion Groups MODERATOR: Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc. Attendees will break out into groups of eight to ten to discuss a variety of related topics about core. • How do you define core property? • Where are the most attractive and least attractive core markets in Europe and why? • What are the key risks related to core property in Europe today?
11:30 Group Leader Reports A moderated open forum discussion, where group leaders share their table groups’ insights with the audience.
MODERATOR: Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
12:00 Lunch
13:00 Brexit: Possible Implications and New Directions We will examine possible future economic, political and real estate demand and risk drivers across the UK and Europe. Topics will include the following: Is real estate more or less affected by Brexit than other asset classes? How could Brexit impact capital flow trends in and out of Europe? What cities, sectors and strategies could be the new winners?
Agenda
Wednesday, 22 February
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 6
MODERATOR: Jose Pellicer, Partner, Head of Research, Rockspring PANELISTS: Andrew Angeli, Head of Research, UK, CBRE Global Investors Russell Jewell, Head of Private Equity, AEW Europe Andreas Katasaros, Director, Real Estate, InfraRed Capital Partners Limited Martin Lemke, Managing Director, AM alpha KVG mbH13:12 Southern Europe: Spain and Italy
Where are those countries in the cycle? What is the risk profile of each country? What are the underlying positive fundamental drivers? Which cities, sectors are most attractive and why?
MODERATOR: Peter Papadakos, Managing Director, Green Street Advisors PANELISTS: Juan Barba, Partner – Managing Director, Real Estate, Meridia Capital Ivano Ilardo, CEO, BNP Paribas REIM (Italy)
14:30 Break
15:00 Germany: Retail and Residential Trends What are the key trends driving retail and residential markets in Germany in general? Where do these trends overlap and support these two sectors? Which cities have the best growth outlooks for these two sectors, and what are the long-term economic fundamentals of those cities? What are sector- and city-specific risks investors should watch? MODERATOR:
Christian Schulte Estrup, Managing Director, Optimum Asset Management PANELISTS: Dr. Angelus Bernreuther, Head of Research, BBE Handelsberatung München Felix Embacher, Department Manager, bulwiengesa Fabian Manegold, Senior Director, Transactions - Germany, the Netherlands and Austria, Invesco Real Estate
15:45 Wrap-Up Summary Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
16:00 Adjourn18:00 Cocktails19:00 Dinner
Agenda
Wednesday, 22 February
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 7
08:30 Working Breakfast — Roundtable Discussions: Topic of the Day Our editorial team will identify a list of timely topics, and our attendees will vote prior to our event to discover the most popular six topics. Each table will have an option of discussing one of those six topics and related questions. Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
09:15 Topic of the Day: Group Leader Reports A moderated open forum discussion, where group leaders share their table groups’ insights with the audience. Geoffrey Dohrmann, President & CEO, Institutional Real Estate, Inc. Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
09:45 Growing Niche Property Plays Where is the next generation of emerging property plays in Europe? We’ll examine which cities across Europe offer the best opportunities for one of these strategies: student housing, self- storage, medical office, data centers, and senior housing. We’ll identify the fundamental drivers of each strategy, as well as the key market risks to watch.
MODERATOR: Brian Klinksiek, Managing Director, Harrison Street Real Estate Capital PANELISTS: Daniel Gorzawski, Managing Director, Harrison Street Real Estate Capital Dr. Sven Neubauer, Chief Investment Officer, Deutsche Finance Holding AG Simon Wallace, Head of Research, Alternatives, Europe, Deutsche Asset Management
10:30 Break
11:00 Investor Perspective Where are investors planning to place more capital in the future? What risks are they most con-cerned about? Which types of investment vehicles are investors using the most and why? What terms and structures are investors looking for these days from co-investments/joint-ventures? MODERATOR: Eoin Bastible, Managing Director, Head of Business Development - EMEA ex CH, UBS Asset Management, Real Estate and Private Markets PANELISTS:
John Gellatly, Head of Europe - Real Estate Multi-Manager Team, Aviva Investors George Pappadopoulos, Director | Total Portfolio Management, Canada Pension Plan Investment Board Ilkka Tomperi, Investment Director, Real Estate, Varma Mutual Pension Insurance Company Marieke van Kamp, Head of Private Markets, NN Group
11:45 Advisory Board Wrap-Up Summary Members of our board will provide insights into what key points we should remember from our event.
Maurizio Grilli, Head of Investment Management & Strategy, BNP Paribas Real Estate Gianluca Romano, Managing Director, Courtland Partners, Ltd. Robert Stolfo, Managing Director, Client Portfolio Management, Invesco Real Estate Alexander Van Riel, Head of Continental Europe, CBRE Global Investment Partners Bernd Wegener, Head of Real Estate, VKB
12:00 Closing Remarks Co-chairs provide closing remarks to conclude program. Geoffrey Dohrmann, President & CEO, Institutional Real Estate, Inc. Jonathan Schein, SVP, Managing Director of Global Business Development, Institutional Real Estate, Inc.
12:15 Lunch14:00 Return to Hotel
Agenda
Thursday, 23 February
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 8
2017 VIP Europe Advisory Board
GEOFFREY DOHRMANNPresident & CEOInstitutional Real
Estatae, Inc.
JONATHAN SCHEINSVP, Managing Director
of Global Business Development
Institutional Real Estate, Inc.
ALEX GRIFFITHS Director, Investor Relations AEW
MAURIZIO GRILLI Head of Investment Management & Strategy BNP Paribas
Real Estate
JOSE PELLICER Partner, Head of Research Rockspring
SIMON REDMAN Managing Director, Client Portfolio Management – Europe Invesco Real Estate
GIANLUCA ROMANO Managing Director Courtland Partners, Ltd.
ILKKA TOMPERI Investment Director, Real Estate Varma Mutual Pension
Insurance Company
ALEXANDER VAN RIEL Head of Continental Europe CBRE Global Invest-ment Partners
BERND WEGENER FRICS Head of Real Estate VKB
VIP Europe Advisory Board
SILVER SPONSORSGOLD SPONSORPLATINUM SPONSOR
SUPPORTING SPONSOR
REGISTER NOW: www.irei.com/vip-europe OR CALL: +1 925-244-0500, ext. 138 9
VIP Europe Contacts:LOGISTICS: Lucero JaramilloConference [email protected]+1 925-244-0500, ext. 130
REGISTRATION FEES: Institutional Investor Fee – ComplimentaryThe Qualified Institutional Investor registration cate-gory is reserved for individuals employed by a pub-lic, corporate or union pension fund organization, foundation or endowment, with responsibility for real estate investment strategy or decision-making. Sov-ereign wealth funds, family offices and government officials may also qualify for complimentary regis-tration. A government official is defined as a fed-eral, state, local or city-level government employee focused on the policymaking, planning, and/or fund-ing/financing of real estate projects, as well as legis-lators and their staff. This definition does not include pension/benefit plan administrators.
Investment Manager/Adviser, Other Fee – USD 1,995.00
Category 2 Fee – USD 1,095.00The Category 2 registration category is reserved for funds of funds/managers of managers and consultants. A “fund of funds” or “manager of managers” is defined as a company that solely manages portfolios composed of investments in the funds of other managers. A “consultant” is defined as an individual who provides financial advice to institutional investors (pension funds, endowments and foundations) on portfolio construction and asset allocation and does not manage money (i.e. Mercer, Callan Associates, Towers Watson).
Reservations All attendees, including sponsors, advisory board members and speakers are responsible for making their own hotel reservations. Institutional Real Estate, Inc. has contracted a limited number of rooms at a discounted rate. These rooms are available to regis-tered attendees on a first-come first-served basis.
V I PE U R O P E
V I S I O N SI N S I G H T S &P E R S P E C T I V E SInsti tut ional Real Estate, Inc.
21-23 February, 2017 HOTEL VIER JAHRESZEITEN KEMPINSKI MUNICH
