TAXAND TRAINING: TAXAND REAL ESTATE SCHOOL 2012

TAXAND TRAINING: TAXAND REAL ESTATE SCHOOL 2012
AGENDA
October 21-24, 2012
Gran Melia Don Pepe Hotel
C./ Jose Melia, S/n
Marbella 29600 – Spain
Course Coordinator:
Course Instructors:
Franck Llinas (France)
Bill Rodney
Registration requirements: Taxanders: 3 years experience minimum
Sunday, October 21
20:30 - late
© Taxand Economic Interest Grouping 2012
Registration & Welcome Cocktails
Cappuccino Bar
(promenade in front of hotel)
Groupement d’intérêt économique - RCS : C 68
1B, Heienhaff - L – 1736 Senningerberg (Luxembourg)
Banque et Caisse d’Epargne de l’Etat, Luxembourg
IBAN LU49 0019 2855 1871 6000, BIC : BCEELULL
VAT identification : LU 220 135 38
Monday, October 22
Program
Content
Room
07:00 – 08:30
Buffet Breakfast
Restaurant
08:30 – 09:15
Welcome & Living the Taxand Brand
Bellavista
09:15 – 11:00
Structuring Real Estate Cash Flow
Key variables and outputs
Target rate of return: IRR & NPV
Discount rates
(Bill Rodney)
Minotauro I
11:00 – 11:30
Coffee Break
Garden / Mezzanine
11:30 – 13:00
Practical Cash Flow analysis of a Real
Estate investment
How much to pay?
Projecting rents & Op Ex
Lease ups & Roll overs
Cap Ex & Obsolenscence
(Bill Rodney)
Minotauro I
13:00 – 14:00
Buffet Lunch
Restaurant
14:00 – 16:00
Structuring Property Finance
Types of Finance: Senior Dept &
Mezzanine Finance
Key Bank Lending Ratios
Impact on Returns
(Bill Rodney)
Minotauro I
16:00 – 16:30
Coffee Break
Garden / Mezzanine
16:30 – 18:00
Indirect investment property
Private versus Public vehicles
INREV versus EPRA
Structures & Investment styles
(Bill Rodney)
Minotauro I
19:00 – 20:30
Drinks & team activity
Garden / Mezzanine
20:30
Dinner
Restaurant
© Taxand Economic Interest Grouping 2012
Groupement d’intérêt économique - RCS : C 68
1B, Heienhaff - L – 1736 Senningerberg (Luxembourg)
Banque et Caisse d’Epargne de l’Etat, Luxembourg
IBAN LU49 0019 2855 1871 6000, BIC : BCEELULL
VAT identification : LU 220 135 38
Tuesday, October 23
Program
Content
Room
07:30 – 09:00
Buffet Breakfast
Restaurant
09:00 – 11:00
Private Equity Vehicles
Approaches & Appraisals
Prefs, Promotes hurdles & waterfalls
Showing the exit & risk
(Bill Rodney)
Minotauro
11:00 – 11:30
Coffee Break
Garden / Mezzanine
11:30 – 12:30
Net Asset Values (NAVs)
Calculation of NAVs
Public market valuation –v- Property
market valuations
Case study
(Bill Rodney)
Minotauro
12:30 – 13:00
Workshop Roundup and Close
(Bill Rodney)
13:00 - 14:00
Buffet Lunch
Restaurant
14:00 – 14:45
Introduction
Luxembourg – holding an finance
company issues
Minotauro
14:15 – 15:30
Netherlands – holding an finance
company issues
Minotauro
15:30 – 16:00
Coffee Break
Garden / Mezzanine
16:00 – 16:45
India – insight from the investment
location
Minotauro
16:45 – 17:30
Spain – insight from the investment
location
Minotauro
19:30
Departure to Dinner outside
Hotel Lobby
© Taxand Economic Interest Grouping 2012
Minotauro
Groupement d’intérêt économique - RCS : C 68
1B, Heienhaff - L – 1736 Senningerberg (Luxembourg)
Banque et Caisse d’Epargne de l’Etat, Luxembourg
IBAN LU49 0019 2855 1871 6000, BIC : BCEELULL
VAT identification : LU 220 135 38
Wednesday, October 24
Program
Content
Room
07:00 – 09:30
Buffet Breakfast
Restaurant
09:30 – 10:15
Germany – insight from the investment
location
Minotauro
10:15 – 11:00
France – insight from the investment
location
Minotauro
11:00 – 11:30
Coffee Break
Garden / Mezzanine
11:30– 12:15
United Kingdom – insight from the
investment location
Minotauro
12:15 – 12:45
Approach of other investment locations
(Poland, Romania, Siwtzerland, Turkey
and Ukraine)
Minotauro
12:45 – 13:45
Lunch
Restaurant
© Taxand Economic Interest Grouping 2012
Groupement d’intérêt économique - RCS : C 68
1B, Heienhaff - L – 1736 Senningerberg (Luxembourg)
Banque et Caisse d’Epargne de l’Etat, Luxembourg
IBAN LU49 0019 2855 1871 6000, BIC : BCEELULL
VAT identification : LU 220 135 38