IP REAL ESTATE AWARDS - 16 MAY 2013, LONDON
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|PART I - REGENERATION|
|National economies are stalling and government spending is being reined in, but cities need to continue to develop and evolve if they are to prosper in the age of globalisation. Despite challenging economic headwinds, London is undergoing ambitious regeneration in a number of locations, such as Nine Elms and King's Cross, and redevelopment of its transport infrastructure, including Crossrail. What opportunities and challenges does this present to real estate investors?|
Paul McNamara, Consultant, IPF
||Keynote: The Nine Elms Regeneration Project: London's Largest Regeneration Area
A multi-billion pound investment programme is now transforming this largely industrial district into a brand new residential and business quarter in the centre of London. The project includes the redevelopment of Battersea power Station, two new Tube stations and the new US and Dutch Embassies. We will hear about the factors driving the project and the opportunities for investment.
Helen Fisher, Programme Director, Nine Elms Vauxhall Partnership
||Keynote: Vauxhall - The Missing Link
Vauxhall, at the heart of Nine Elms, is the missing link between the new US embassy and London's South Bank. Vauxhall One and the Royal Institute of British Architects (RIBA) ran a design exhibition to create a striking new identity for the area. We hear about the entries received from architects, landscape designers and students from 21 countries.
Chris Law, Public Realm and Development Director, Vauxhall One
|12:00||Sustainability in Real Estate: Is the Future Green?|
It is well known that the built environment makes up a significant proportion of global carbon emissions. Therefore, it should comes as no surprise that institutional investors - with a focus on long-term returns and ESG considerations - are taking sustainability seriously in their real estate investments. Two initiatives very much driven by investors, GRESB and IIGCC present their latest research in the field.
||Infrastructure Panel: Market Opportunities and Investor Requirements
Should pension funds help fund new infrastructure projects, such as Crossrail and King's Cross? What are the risks and opportunities, and how can institutional investors best access the asset class?
Moderator: Paul McNamara, Consultant, IPF
Michael Lightbound, Partner, Argent LLP
Ian Lindsay, Land and Property Director, Crossrail
Georg Inderst, Consultant, Inderst Advisory
|PART II - INVESTMENTS
Institutional investors are striving for stable returns while maintaining a strong focus on risk management. With core real estate looking expensive, the hunt is on for new and innovative opportunities, from secondary markets to alternative sectors. Meanwhile, there has been a significant reassessment of investment approach. What is the future of real estate funds? Should investors be looking at the listed markets to gain exposure?
||Keynote Address: Indirect Investments - The track record of the 2000s
Tony Key, Professor of Real Estate Economics, Cass Business School
||Unlisted Funds: Lessons from the Crisis
The financial crisis and economic downturn has caused investors to reassess their approaches and strategies, and the non-listed real estate funds sector has been particularly affected. John Forbes, addresses the key issues and explores what this means for the industry. In January 2012, PwC published an influential report for the UK Association of Real Estate Funds. Forbes will explore what has changed in the year and a half since it was first produced and examine its relevance to the rest of the world.
John Forbes, Partner, Real Estate Investment Management, PWC
International Investment Opportunities: What is the next Big Thing?
Jose Luis Pellicer, Head of Research, Rockspring Property Investment Managers
|15:15||Core vs. Secondary: Should investors move up the risk curve?|
Positive re-pricing in core markets has prompted investors to begin to consider more secondary assets and locations. Recent surveys suggest that risk appetite among investors is on the rise and that a growing number are interested in higher-return investment strategies. Is it the right time to move up the risk curve?
|16:30||Case Study: Rebalancing The Crown Estate Portfolio|
In presenting the real estate investment strategy Alan Meakin will give a broad overview of the property portfolio of The Crown Estate. He will describe the investment strategy and how The Crown Estate has developed its property portfolio in recent years. Alan will also focus on specific areas that The Crown Estate is developing going forward.
||IPF Residential Research: Investor Attitudes towards Residential Investment
IPF conducted its initial survey into institutional attitudes to investing in the UK residential property sector in spring 2012, in order to inform the IPF response to Sir Adrian Montague’s review of the barriers to institutional investment in private rented homes. IPF is currently repeating the research and the delegates of the IP Real Estate Awards will be the first to hear the preliminary results.
Martijn Vos, Senior Portfolio Manager, Real Estate, APG
|17.15||Listed Property: Volatility, Liquidity, correlations and global access
Listed real estate proves divisive among investors: some argue it is too volatile and behaves like the wider equity markets; others suggest it provides a cheaper, more liquid means of gaining property exposure. The panel will not only discuss the pros and cons of listed but also the potential to blend public and private real estate in the same portfolio.
Moderator: Richard Lowe, Editor, IP Real Estate
Rogier Quirijns, Senior Vice President, Cohen & Steers
Fraser Hughes, Director, EPRA
Meka Brunel, Executive Vice President, Europe, Ivanhoe Cambridge Europe
Paul Jayasingha, Senior Consultant, Towers Watson
Paul McNamara, Consultant, IPF
|18:00||End Of Seminar|
|19:30||Real Estate Awards Dinner and Presentations|