discussions
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discussions
Paris 10-11 September English & French Program Programme français et anglais GRI EUROPE IMAGINING TOMORROW IMAGINER DEMAIN European Real Estate Investment & Development Investissement et Développement Immobilier 2007 TOTAL REAL ESTATE GRI EUROPE SUMMIT The GRI invites senior industry leaders that might find it useful to (co-)Chair a discussion at a GRI event to contact Henri Alster, GRI Chairman Strategic Program 2008 - Steady markets or bust? Le marché français - hausse ou hors de prix? European investment - where are the real prospects for growth? Investor Program More deals, less competition - is the market turning? Le conseil - coût ou investissement? Middle east - are foreign investors superfluous? ... and more Developer Program Public Company Program 2010: Paris la défense ou paris CBD - où seront les loyers? India - will reality match the dream? Retail real estate - are new formats necessary? ... and more German REITs - how will they shape the market? Asset management - une vraie valeur ajoutée? Winds of change - which markets will catch a cold? ... and more Pension & Indirect Investor Program CEE investment fund strategies - winners & losers Brave new world - what does success take for first-time independent funds? Real estate in the mediterranean sunbelt - institutional asset class? Capital Markets Program Financements à la carte - répondent-ils aux besoins des emprunteurs? Opco / Propco - secured corporate risk or overvalued real estate? Mezzanine debt - can it replace equity? ... and more [email protected] EMMANUEL VERHOOSEL JP MORGAN EDWARD SISKIND GOLDMAN SACHS THIERRY SIMON CALYON DIRK SCHLÜRMANN ALLIANZ IMMOBILIEN GIULIO RASETTA RISANAMENTO FRANÇOIS POCHARD IXIS AEW OLIVIER PIANI GE REAL ESTATE LUIS PEREDA GRUPO LAR GIOVANNI PAVIERA GENERALI 2007 WELCOME The job of Discussion Chairs at the GRI is not to talk. It is to make others talk, engage and connect. Bienvenue Comme toujours ces 10 et 11 Septembre prochains, le GRI 2007 rassemblera, au plus haut niveau, les acteurs principaux qui décident du marché, en France comme en Europe. Plus de cinquante discussions, où tous participent de manière égale, sont au programme, en Français comme en Anglais. • Group discussions, each masterminded by leading industry players, get everybody to talk in collegial small groups devoid of ‘selling’ pressure. Self-promotion is prohibited. • The “Eurohypo Cafe” and the “RREEF Bar” for those who prefer quiet one-on-ones, are ideal meeting points for scheduling appointments, catching up with old friendships and initiating new ones. Si nouer des relations avec les puissances suprêmes du marché peut vous être utile, nous serons ravis de vous accueillir au Sommet Annuel de l’industrie immobilière européenne. If connecting with fellow decision-makers can be useful, we would be delighted to welcome you at the Annual Summit of the European property industry. The GRI. Powerful friendships that last a lifetime. Henri Alster President, American European Investment Bankers, Inc. Chairman, GRI - Global Real Estate Institute. ONGOING UPDATES AT WWW.GLOBALREALESTATE.ORG All material throughout this brochure is subject to change without notice. JEAN-FRANÇOIS OTT ORCO EYAL OFER CARLYLE M.G. JOLANTA NOWAKOWSKA-ZIMOCH LOVELLS JULIAN NEWISS CATALYST CAPITAL DANIEL NEIDICH DUNE CAPITAL SCOTT MALKIN VALUE RETAIL ALBAN LISS GENERALI IMMOBILIER JEAN LAMOTHE CDP REAL ESTATE BARBARA KNOFLACH SEB 2007 MEETING PLACES ... For those who think the opportunity to schedule personal meetings with so many of the industry’s best and brightest is too good to pass up... BERND KNOBLOCH EUROHYPO TONY HORRELL JONES LANG LASALLE THOMAS HOELLER PRAMERICA DEAN HODCROFT ERNST & YOUNG JOHANNES HAECKER VALARTIS BANK THOMAS GUGLER EVOSTATE PHILIP GAILLARD HRO JÜRGEN FENK HYPO REAL ESTATE JAVIER FAUS MERIDIA CAPITAL 2007 KEYNOTE TIMETABLE EUROPE 2010 falling behind, treading water or leading the way? Monday, September 10 ▶ 12h00 onwards Check-in ▶ 14h00 – 18h45 Group discussions ▶ 18h45 - 19h45 Gala reception LEWIS ALEXANDER chief economist CITIGROUP ▶ 19h45 onwards GRI Board Dinner By invitation only - reserved for GRI Members, Summit Partners and Discussion (co-)Chairs. Tuesday, September 11 ▶ 08h45 - 16h00 Keynote and Group discussions ▶ 13h00 - 14h15 The PRAMERICA Lunch at the GRI ▶ 16h00 - 17h00 Farewell drinks DRESS CODE Business casual. No tie required. ERKAN ERKEK CAPITAL PARTNERS CHRISTOPHE DE TAURINES CAPITAL AND MARKETING FRANCOIS DE MONTAUDOUIN MAF GROUP RICHARD CROFT HALVERTON DR. JOHANNES CONRADI FRESHFIELDS CYRIL COURBAGE DEUTSCHE BANK PETER COLLINS DTZ PIERRE CHERKI RREEF METIN AR GARANTI SECURITIES 2007 DISCUSSIONS DISCUSSIONS FULLY PRICED MARKETS how the clever find high returns. REAL ESTATE MONEY FLOWS when will the music stop? SCOTT MALKIN chairman VALUE RETAIL SIMON HERSOM regional director ap | me ROYAL BANK OF SCOTLAND ROGER ORF md international CITIGROUP PROPERTY INVESTORS RICHARD POWERS managing director GOLDMAN SACHS INTERNATIONAL SCOTT MALKIN RICHARD POWERS ROGER ORF BARBARA KNOFLACH ceo SEB ASSET MANAGEMENT CRAIG HUGHES partner ERNST & YOUNG GIOVANNI PAVIERA general manager GENERALI PROPERTY INVESTMENTS OLIVIER PIANI president GE REAL ESTATE EUROPE BARBARA KNOFLACH PREPARING FOR THE WORST or is everything fine? WINDS OF CHANGE which markets will catch a cold? CRAIG HUGHES GIOVANNI PAVIERA OLIVIER PIANI JÜRGEN FENK member of the board HYPO REAL ESTATE GIULIO RASETTA chief financial officer RISANAMENTO FRANÇOIS TRAUSCH managing director france GE REAL ESTATE EUROPE JÜRGEN FENK GIULIO RASETTA FRANÇOIS TRAUSCH CHRISTOPHER CURTIS SIMON BLAXLAND JIM GARMAN CHARLES PRIDGEON THIERRY SIMON PETER WINSTANLEY CHRISTOPHER CURTIS principal EUROPA CAPITAL SIMON BLAXLAND managing director EXMOOR GROUP JIM GARMAN managing director GOLDMAN SACHS CHARLES PRIDGEON head re continental europe SCHRODERS PROPERTY IM THIERRY SIMON global head real estate & hotel group CALYON PETER WINSTANLEY partner HORIZON INVESTMENT MANAGEMENT 2007 DISCUSSIONS PLEASE NOTE: GROUP DISCUSSIONS REQUIRE PRIOR SIGN-UP ON REGISTRATION FORM WALL OF MONEY are high yields impossible? FRANÇOIS POCHARD ceo IXIS AEW EUROPE ANDREW TRICKETT vp investments OXFORD PROPERTIES GROUP ROBERT WOLSTENHOLME director RESOLUTION PROPERTY FRANÇOIS POCHARD MORE DEALS, LESS COMPETITION is the market turning? ANDREW TRICKETT ROBERT WOLSTENHOLME TONY HORRELL head european capital markets JONES LANG LASALLE ROBERT BROOK managing director KENMORE GROUP PETER KASCH managing partner CATALYST CAPITAL GRAHAM LANGLAY-SMITH director CREDIT SUISSE TONY HORRELL ROBERT BROOK DAVID SEDDON cio europe TEESLAND iOG HUGO VAN DER GOES director of investment europe OPPENHEIM IMMOBILIEN INVESTOR ATTITUDES IN EUROPE beauty contest, gambler’s fallacy or overconfidence? 2008 steady markets or bust? PETER KASCH DAVID SEDDON HUGO VAN DER GOES SOTIRIS TSOLACOS MARK CALLENDER ALEX MOSS DANIEL NEIDICH BERND KNOBLOCH EDWARD SISKIND SOTIRIS TSOLACOS director, european research PROPERTY & PORTFOLIO RESEARCH MARK CALLENDER managing director SCHRODER PROPERTY IM ALEX MOSS chairman AME CAPITAL BAHRAM MOTAMEDIAN managing director HINES DANIEL NEIDICH co ceo & chairman DUNE CAPITAL MANAGEMENT BERND KNOBLOCH ceo & chairman of the board EUROHYPO EDWARD SISKIND managing director GOLDMAN SACHS INTERNATIONAL 2007 PROGRAMME FRANCAIS RÉSERVATION PRÉALABLE REQUISE SUR BULLETIN D’INSCRIPTION DISCUSSIONS IMMOBILIER COMMERCIAL ET D’ENTREPÔT peut-on imaginer de nouveaux produits? LE MARCHÉ FRANÇAIS hausse ou hors de prix? CHARLES-ANDRÉ ROCHE managing director REDEVCO JEAN-CLAUDE CONDAMIN président du directoire DIXENCE ELY-MICHEL RUIMY chairman AERIUM MARC VAQUIER managing director BOUWFONDS MAB DEVELOPMENT JEAN-CLAUDE CONDAMIN ELY-MICHEL RUIMY MARC VAQUIER DELPHINE BENCHETRIT YVES CHECOURY YVAN GRIL DELPHINE BENCHETRIT executive director LEHMAN BROTHERS YVES CHECOURY executive director GOLDMAN SACHS YVAN GRIL managing director, directeur des engagements GE REAL ESTATE EUROPE PHILIPPE MISTELI deputy managing director KAUFMAN & BROAD HERVE MOUNIER responsable développement immobilier FRANCE TELECOM LE CONSEIL coût ou investissement? LORENZ RUDISUHLI managing director REAG FRANCE KARIM ABDELLAOUI directeur APRC MARIANNE DE BATTISTI head of international & communications ICADE RÉMI GASTON-DREYFUS co-gérant GDG INVESTISSEMENTS XAVIER MECHAIN responsable conseils institutionnels SCP THOUAULT UMBERTO RONSISVALLE managing partner R CAPITAL MARIANNE DE BATTISTI RÉMI GASTON-DREYFUS XAVIER MECHAIN UMBERTO RONSISVALLE 2007 DISCUSSIONS Pas d’orateurs. Seulement des groupes de discussions où tous participent de manière égale. FINANCEMENTS A LA CARTE répondent-ils aux besoins des emprunteurs? GILLES BONNIER DE LA CHAPELLE cfo FONCIÈRE DES RÉGIONS MARC ANGELIER finance director europe ORION CAPITAL MANAGERS FREDERIQUE CIUNTU general manager france ING REAL ESTATE FINANCE DENIS MOSCOVICI senior banker SOCIÉTÉ GÉNÉRALE GILLES BONNIER DE LA CHAPELLE MARC ANGELIER FREDERIQUE CIUNTU DENIS MOSCOVICI DOMINIQUE PAULHAC ERIC PINON PHILIP GAILLARD ROBERT BALICK JEAN-MARIE TRITANT JACQUES-YVES NICOL ERIC ALLARD RAPHAEL BRAULT DOMINIQUE PAULHAC head of real estate HSBC FRANCE ERIC PINON chief financial officer LA LUCETTE 2010: PARIS LA DÉFENSE OU PARIS CBD ou seront les loyers? ASSET MANAGEMENT une vraie valeur ajoutée? PHILIP GAILLARD managing director HRO FRANCE ROBERT BALICK managing director CARVAL INVESTORS MICHEL SCHMIT senior director, europe HYPO REAL ESTATE CAPITAL JEAN-MARIE TRITANT directeur general pole bureaux UNIBAIL JACQUES-YVES NICOL managing director, france ABERDEEN PROPERTY INVESTORS FRANCE ERIC ALLARD directeur asset management GE REAL ESTATE EUROPE RAPHAEL BRAULT executive director MORGAN STANLEY PHILIPPE CAMUS ceo SHAFTESBURY ASSET MANAGEMENT GROUP PATRICK DEBODE directeur general adjoint ARCHON ALBAN LISS directeur de la gestion d’actifs et des investissements GENERALI IMMOBILIER All material throughout this brochure is subject to change without notice. DIDIER UNGLIK ceo L’ETOILE PROPERTIES PHILIPPE CAMUS PATRICK DEBODE ALBAN LISS DIDIER UNGLIK 2007 DISCUSSIONS DISCUSSIONS EUROPEAN INVESTMENT where are the real prospects for growth? JOHN SLADE managing director DTZ GROUP PIERRE GERVASI head of equity europe BANK OF SCOTLAND MAXIME JULIÉ fund manager AXA REIM JULIAN NEWISS chairman CATALYST CAPITAL JOHN SLADE PIERRE GERVASI PAUL RAINGOLD president GÉNÉRALE CONTINENTALE INVESTISSEMENTS MAXIME JULIÉ REAL ESTATE IN THE AGE OF CAPITAL MARKETS do bricks and mortar still matter? JULIAN NEWISS PAUL RAINGOLD TODD HIRSCH managing director CREDIT SUISSE CHARLES BALCH managing director HYPO REAL ESTATE BANK INTERNATIONAL HENK BROUWER managing director BREEVAST LAURENT DIOT ceo NEXITY INTERNATIONAL TODD HIRSCH CHARLES BALCH BENOÎT HERAULT managing director GOLDMAN SACHS INTERNATIONAL VAN STULTS managing director ORION CAPITAL MANAGERS LAURENT DIOT FRANCE any good deals left? BENOÎT HERAULT VAN STULTS OLIVER ASH managing director RICHMOND DEVELOPMENTS PHILIPPE GRASSER md - co-head re banking europe MORGAN STANLEY AREF LAHHAM managing director ORION CAPITAL MANAGERS JAMES RAYNOR fund management director GROSVENOR CONTINENTAL EUROPE OLIVER ASH PHILIPPE GRASSER AREF LAHHAM JAMES RAYNOR 2007 DISCUSSIONS No speakers. GERMAN REITs how will they shape the market? DR JOHANNES CONRADI partner FRESHFIELDS BRUCKHAUS DERINGER FRANK CLEMENS managing director JP MORGAN SECURITIES HERMANN DAMBACH managing director OAKTREE OLIVIER ELAMINE ceo ALSTRIA OFFICE FRANK CLEMENS DR. JOHANNES CONRADI BORIS SCHRAN executive director MORGAN STANLEY HERMANN DAMBACH GERMANY too late or just the beginning? OLIVIER ELAMINE BORIS SCHRAN PROF DR STEPHAN BONE-WINKEL ceo BEOS KARL-ERBO KAGENECK managing director JARGONNANT PARTNERS THOMAS NERN managing director RESTAURA GROUP KLAUS-JÜRGEN SONTOWSKI chairman SONTOWSKI & PARTNER PROF DR STEPHAN BONE-WINKEL KARL-ERBO KAGENECK DIRK SCHLÜRMANN md portfoliomanagement ALLIANZ IMMOBILIEN THOMAS NERN SEIZING THE G REIT OPPORTUNITY the case of Alstria KLAUS-JÜRGEN SONTOWSKI DIRK SCHLÜRMANN EMMANUEL VERHOOSEL executive director JP MORGAN SECURITIES HANS DIEKMANN partner SHEARMAN & STERLING OLIVIER ELAMINE ceo ALSTRIA OFFICE KAI KLOSE managing director SAL OPPENHEIM EMMANUEL VERHOOSEL HANS DIEKMANN JOHN VAN OOST managing partner NATIXIS CAPITAL PARTNERS OLIVIER ELAMINE KAI KLOSE JOHN VAN OOST 2007 DISCUSSIONS DISCUSSIONS GERMAN COMMERCIAL & RESIDENTIAL where is the upside? RALPH WINTER chairman of the supervisory board CORESTATE CAPITAL DAVID ABRAMS senior partner APOLLO MANAGEMENT INTERNATIONAL ULRICH HÖLLER ceo DIC CHRISTIAN SCHULZ-WULKOW partner ERNST & YOUNG RALPH WINTER DAVID ABRAMS THOMAS ZINNÖCKER managing director GSW ULRICH HÖLLER CEE too late? CHRISTIAN SCHULZ-WULKOW THOMAS ZINNÖCKER JOLANTA NOWAKOWSKA-ZIMOCH partner LOVELLS HELMUT FISCHER managing director GPF ADVISORS SVEN-GÖSTA GUSTAFSSON chief executive officer REINHOLD STEPHEN PRAGNELL director general APSYS POLSKA JOLANTA NOWAKOWSKA-ZIMOCH HELMUT FISCHER STEPHEN PRAGNELL JACEK WACHOWICZ JACEK WACHOWICZ managing director TRIGRANIT DEVELOPMENT POLSKA SPZOO CEE INVESTMENT FUND STRATEGIES winners & losers GEORGE LESLIE head of acquisitions cee GLL REAL ESTATE PARTNERS MICHAEL FALLIN director CITIGROUP GARETH JONES international director JONES LANG LASALLE D’ARCY MCGEE vice president investments OXFORD PROPERTIES GROUP GEORGE LESLIE GARETH JONES D’ARCY MCGEE SKIP SCHWARTZ JULIA STEPANOVA DAIANA VOICU SKIP SCHWARTZ svp HEITMAN JULIA STEPANOVA principal banker EBRD DAIANA VOICU managing director WILLBROOK CONSTRUCTION INGEBORG WARSCHKE senior vice president HELABA 2007 DISCUSSIONS Just collegial discussions where all participate equally. CENTRAL EASTERN EUROPE little darlings how much longer? KARIM HABRA managing director GE REAL ESTATE GÁBOR FUTÓ ceo FUTUREAL RE DEVELOPMENT CSABA SPOTTLE cee acquisitions manager PRAMERICA REAL ESTATE INVESTORS KARIM HABRA INVESTING IN TURKEY too early or too late? GÁBOR FUTÓ CSABA SPOTTLE JEAN LAMOTHE president CDP REAL ESTATE EUROPE METIN AR president & ceo GARANTI SECURITIES DR WALTER HAMPEL senior director europe HYPO REAL ESTATE BANK INTERNATIONAL THOMAS HOELLER executive board member PRAMERICA REI (EUROPE) METIN AR JEAN LAMOTHE EYAL OFER chairman & ceo CARLYLE MG TURKEY is the excitement overdone? UK REITs are they a new weapon for corporate financiers? All material throughout this brochure is subject to change without notice. DR WALTER HAMPEL THOMAS HOELLER EYAL OFER HALUK SUR ERDINÇ VARLIBAS ERTUG YASAR HALUK SUR ceo IHLAS RE DEVELOPMENT AND INVESTMENT I ERDINÇ VARLIBAS ceo VARYAP DEVELOPMENT AND CONSTRUCTION ERTUG YASAR general manager HAN YAPI PROPERTIES CONSTRUCTION MATTHEW COSANS corporate partner FRESHFIELDS BRUCKHAUS DERINGER PETER BECKETT tax director ERNST & YOUNG NICK JACOBSON md head european re & lodging ib CITIGROUP DEBBIE ROBERTSON-BOND managing director DEUTSCHE BANK MATTHEW COSANS PETER BECKETT NICK JACOBSON DEBBIE ROBERTSON-BOND 2007 DISCUSSIONS DISCUSSIONS RUSSIA are foreign players necessary? EMMANUEL BLOUIN executive director MORGAN STANLEY JACOB KRIESLER executive chairman RGI INTERNATIONAL JEAN-FRANÇOIS OTT president & ceo ORCO PROPERTY GROUP DR LUDEK SEKYRA chairman of the board SEKYRA GROUP EMMANUEL BLOUIN JEAN-FRANÇOIS OTT DR LUDEK SEKYRA PETER WEINZIERL MICHAEL LANGE ROGER BARRIS PETER WEINZIERL ceo MEINL EUROPEAN REAL ESTATE RUSSIAN INVESTMENT what new financial building blocks shaping the future? MICHAEL LANGE international director - chairman russia & cis JONES LANG LASALLE ROGER BARRIS managing director MERRILL LYNCH INTERNATIONAL ERKAN ERKEK ceo CAPITAL PARTNERS SETH LIEBERMAN managing director european re finance UBS DR EDGAR ROSENMAYR managing director IMMOEAST ERKAN ERKEK OPPORTUNITIES IN EMERGING EUROPE develop real estate or build infrastructure? SETH LIEBERMAN DR EDGAR ROSENMAYR LAMBROS ANAGNOSTOPOULOS ALEXANDER PAPAGEORGIOU DIMITRIS KOURKOUMELIS managing director BLUEHOUSE REAL ESTATE FUND LAMBROS ANAGNOSTOPOULOS president & ceo SCEPSI ALEXANDER PAPAGEORGIOU managing director ASSOS CAPITAL ULRICH SCHMIDT director LEVEL ONE CAPITAL MANOS VRAILAS managing director GEK - TERNA DIMITRIS KOURKOUMELIS 2007 DISCUSSIONS The job of the Discussion Chairs is not to talk. SOUTHERN ITALY INVESTMENTS where is the new frontier? ITALIAN SIIQ future or fad? PIERANGELO MAIO president TECNOLOGIE & SPAZIO FABIO BANDIRALI managing director EUROHYPO MICHELE CIBRARIO ceo BNL FONDI IMMOBILIARI DOUGLAS EDWARDS principal DOUGHTY HANSON MAURO MANCINI managing director MULTI DEVELOPMENT MASSIMILIANO MORRONE director business development GE REAL ESTATE ANTONIO MUSTACCHI ceo FIRST ATLANTIC REAL ESTATE MAX NATALINI associate WARBURG PINCUS PIERANGELO MAIO FABIO BANDIRALI MICHELE CIBRARIO DOUGLAS EDWARDS MAURO MANCINI MASSIMILIANO MORRONE ANTONIO MUSTACCHI MAX NATALINI DOMENICO TULLI partner GIANNI, ORIGONI, GRIPPO CHIARA ALTAMURA managing director LEHMAN BROTHERS INTERNATIONAL FABIO CARLOZZO managing director & ceo AMPLUS ITALIA SRL TERENZIO CUGIA DI SANT’ORSOLA ceo BENI STABILI GESTIONI DOMENICO TULLI FABIO CARLOZZO TERENZIO CUGIA DI SANT’ORSOLA MARCO SANGIORGIO MARCO SANGIORGIO direttore generale FIMIT SPAIN tough times ahead? MARCELO HORCEL managing director GE REAL ESTATE IBERIA ISMAEL CLEMENTE director DEUTSCHE BANK MICHIEL OLLAND director southern europe SNS PROPERTY FINANCE LUIS PEREDA ceo GRUPO LAR MARCELO HORCEL ISMAEL CLEMENTE MICHIEL OLLAND LUIS PEREDA 2007 DISCUSSIONS DISCUSSIONS SWEDEN AND FINLAND outperforming the rest of Europe? SWITZERLAND are foreigners welcome? MARIE BUCHT managing director NEWSEC CARL HENRIK ROSELIUS ceo GENESTA PROPERTY NORDIC FINLAND LENNART STEN managing director GE REAL ESTATE PETER WÅGSTRÖM president NCC PROPERTY DEVELOPMENT MARIE BUCHT CARL HENRIK ROSELIUS LENNART STEN PETER WÅGSTRÖM DR THOMAS GUGLER CLAUDIO RUDOLF HOLGER WELZEL CHRISTOFF WINKELMANN DR THOMAS GUGLER ceo EVOSTATE CLAUDIO RUDOLF head re acquisition & sales CREDIT SUISSE HOLGER WELZEL regional head re development KARL STEINER CHRISTOFF WINKELMANN managing director VALARTIS BANK INDIA will reality match the dream? JAIRAJ AMIN md europe HYPO REAL ESTATE BANK INTERNATIONAL JEAN DE POURTALES managing director GOLDMAN SACHS INTERNATIONAL ROMAN KRYGIER director PRAMERICA REI (EUROPE) RICHARD SMEE partner ERNST & YOUNG JAIRAJ AMIN JEAN DE POURTALES ROMAN KRYGIER RICHARD SMEE 2007 DISCUSSIONS It is to make everybody else talk... REAL ESTATE IN THE MEDITERRANEAN SUNBELT institutional asset class? MIDDLE EAST are foreign investors superfluous? REDA KHATIM managing partner PALM CAPITAL YOUSSEF KABBAJ deputy ceo ATLAS HOSPITALITY RENATO VERONESI ceo SCI REDA KHATIM FRANCOIS DE MONTAUDOUIN group ceo MAF GROUP DR RAINER BEHNE managing director BEHNE & CO. MASSY LARIZADEH strategy & marketing director GE REAL ESTATE EUROPE HAIJAN MUJARKECH chief officer DUBAI PROPERTIES FRANCOIS DE MONTAUDOUIN OFFICE MARKETS can they go any higher? DR RAINER BEHNE MASSY LARIZADEH HAIJAN MUJARKECH PETER COLLINS chairman - international investments DTZ GROUP ALESSANDRO BRONDA head of european research ABERDEEN PROPERTY INVESTORS ARJEN VAN RIJN director SNS PROPERTY FINANCE PETER COLLINS RETAIL REAL ESTATE are new formats necessary? ARJEN VAN RIJN PETER COLE director HAMMERSON MARKUS MEIJER ceo MEYER BERGMAN JÉRÔME PEYRARD director re & expansion CORA JEFFERY ROSSELY ceo MAF GROUP PETER COLE All material throughout this brochure is subject to change without notice. ALESSANDRO BRONDA MARKUS MEIJER JÉRÔME PEYRARD JEFFERY ROSSELY 2007 DISCUSSIONS DISCUSSIONS OPCO / PROPCO secured corporate risk or overvalued real estate? GERMAN HEALTH CARE PROPERTIES promising niche or 15-minute fad? PLATFORM ACQUISITIONS the way of the future? PAUL HOUSE md re finance and securitisation CITIGROUP DAVID FINKEL managing director iSTAR EUROPE DEAN HODCROFT partner ERNST & YOUNG DR BENEDIKT KIESL managing director EUROHYPO PAUL HOUSE DAVID FINKEL DEAN HODCROFT DR BENEDIKT KIESL DR CHRISTIAN SCHEDE SVEN ANDERSEN VOLKER LÜTGEN NIKOLAOS TAVRIDIS DR CHRISTIAN SCHEDE real estate partner FRESHFIELDS BRUCKHAUS DERINGER SVEN ANDERSEN director LEHMAN BROTHERS VOLKER LÜTGEN md HSH REAL ESTATE NIKOLAOS TAVRIDIS md AXION CONSULT TOM ROWLEY managing director BABCOCK & BROWN RICHARD CROFT ceo HALVERTON REIM RICHARD CROFT LOGISTICS is globalization connecting all markets? MAXIME BARKATZ country manager - spain | portugal CONCERTO DEVELOPPEMENT MARIAN HOGESLAG managing director ACTIVINVESTOR CHRISTIAN NICKELS-TESKE director re structured finance AAREAL BANK SCOTT PRYCE chief operating officer REDWOOD GROUP MAXIME BARKATZ MARIAN HOGESLAG PHILIPPE VAN DER BEKEN executive corporate services MACQUARIE GOODMAN GROUP CHRISTIAN NICKELS-TESKE SCOTT PRYCE PHILIPPE VAN DER BEKEN 2007 DISCUSSIONS ...getting everybody to share, connect and make friends... HOTEL ASSET MARKETS BUST TO BOOM what now? MARCO ROSENBAUM principal BANK OF AMERICA CRISTINA BADENES executive director MERIDIA CAPITAL RICHARD HARTMAN managing director emea INTERCONTINENTAL HOTELS GROUP PETER PAPAS ceo MILLENIUM & COPTHORNE PROPERTY DERIVATIVES lift off UK, destination Europe? MARCO ROSENBAUM CRISTINA BADENES PETER PAPAS SIMON BERRILL chief executive DTZ CORPORATE FINANCE ANDREW JEYARAJAH head of property derivatives BNP PARIBAS ANDREW JEYARAJAH HOTEL difficult past, bright future JAVIER FAUS managing director & ceo MERIDIA CAPITAL MARC DE CHASSEY director JER PARTNERS BART CARNAHAN svp acquisitions & development STARWOOD HOTELS PETER DENTON MIKE GOODSON managing director HOST HOTELS & RESORTS JAVIER FAUS MARC DE CHASSEY ROBERT SEABROOK executive vice president JONES LANG LASALLE HOTELS BART CARNAHAN M&A is the tidal wave over or is it just beginning? PETER DENTON ROBERT SEABROOK LLOYD LEE RICHARD STOCKTON managing director MORGAN STANLEY BRUNO COHEN director of investments CURZON GLOBAL PARTNERS NIELS FISCHER board member BAUGRUND ERIK SONDÉN managing director SOCIÉTÉ GÉNÉRALE LLOYD LEE BRUNO COHEN RICHARD STOCKTON NIELS FISCHER ERIK SONDÉN 2007 DISCUSSIONS DISCUSSIONS INNOVATIVE CAPITAL MARKETS FINANCING new opportunities for owners and investors? BRAVE NEW WORLD what does success take for first-time independent funds? RAFFAELE LINO managing director DTZ CORPORATE FINANCE DR HANS-GÜNTHER NORDHUES senior partner NORDHUES & CIE DR CLAUS-RAINER WAGENKNECHT ceo ALBIS SECURITISATION RAFFAELE LINO DR HANS-GÜNTHER NORDHUES DR CLAUS-RAINER WAGENKNECHT SIMON HAMPTON managing director BANK OF AMERICA CHRISTOPHE DE TAURINES managing director CAPITAL AND MARKETING GROUP DANA HAMILTON managing director ARCHSTONE MARC MOGULL managing partner BENSON ELLIOT CAPITAL MANAGEMENT LLP SIMON HAMPTON CHRISTOPHE DE TAURINES DANA HAMILTON MARC MOGULL JONATHAN SHORT BILL STEIN JONATHAN SHORT executive chairman INTERNOS INVESTORS BILL STEIN cfo & cio DIGITAL REALTY GLOBALIZATION AND THE CONVERGENCE OF EVERYTHING good or bad for real estate? DR MICHAEL ALBERTS partner HÖLTERS & ELSING RODERICK GIBBS group md VALUE RETAIL HOLGER HAGGE director DEUTSCHE BANK DETLEF JARESCHEWSKI head re finance germany ROYAL BANK OF SCOTLAND DR MICHAEL ALBERTS RODERICK GIBBS HOLGER HAGGE DETLEF JARESCHEWSKI DONAL MULCAHY CHARLES WHITTLE DONAL MULCAHY director fca CORNERSTONE CAPITAL MANAGEMENT EBERHARD STEGNER board member GFK GEO MARKETING CHARLES WHITTLE managing director MCCAFFERTY ASSET MANAGEMENT 2007 DISCUSSIONS ... as if an after-dinner conversation PERFORMING FOR INVESTORS are asset managers’ interests mis-aligned? MARC LOTTIG managing director ATOS CAPITAL MARCELLINO GRAF VON HOENSBROECH managing director CARVAL INVESTORS ESPEN KLEVMARK ceo ABERDEEN PROPERTY INVESTORS JOHN MCCARTHY managing director LEHMAN BROTHERS INTERNATIONAL MARC LOTTIG MARCELLINO GRAF VON HOENSBROECH ESPEN KLEVMARK JOHN MCCARTHY ROB RACKIND RACHEL TAN ROB RACKIND head of asset management CAMBRIDGE PLACE IM in one’s own RACHEL TAN director SOCIETE GENERALE AM living room. MEZZANINE DEBT can it replace equity? JOHANNES HAECKER managing board member VALARTIS BANK THOMAS ERNST managing partner GENESIS INTERNATIONAL SIMON FISK managing director europe HYPO REAL ESTATE DR MARCUS MÜHLBERGER managing director SIGNA HOLDINGS JOHANNES HAECKER THOMAS ERNST MARCO RAMPIN head of real estate HSH NORDBANK JEREMY ROBSON managing director ROYAL BANK OF SCOTLAND SIMON FISK All material throughout this brochure is subject to change without notice. DR MARCUS MÜHLBERGER MARCO RAMPIN 2007 CORPORATE PARTNERS With over 500 professionals worldwide, Deutsche Bank’s Commercial Real Estate Group (“CRE”) is a global leader in real estate financing and capital markets execution, having originated $52 billion in loans and lead or co-managed approximately $75 billion of CMBS loans in 2006. Deutsche Bank provides financing to public corporations, private equity groups and individuals owning or acquiring commercial real estate assets in all property types including hotel & lodging, industrial, manufactured housing, multifamily, office and retail within the US, Asian and European markets. Working in conjunction with Deutsche Bank’s Real Estate Investment Banking group, Commercial Real Estate provides competitive single asset and portfolio financing options secured by all asset types, as well as advising and offering creative real estate debt solutions. For more information on CRE including a sampling of our most recent financing solutions, visit our website at www.db.com/cre. Ernst & Young has the largest integrated real estate practice of any accounting firm, with 5,000 professionals around the world providing audit/assurance, risk, finance, tax, and transaction advisory services to real estate funds, owners, investors, lenders, and users. Our unique approach combines entrepreneurial thinking and a working knowledge of real estate issues with broad real estate experience, vast resources, and a diverse network of clients and contacts. We have significant experience in advising real estate funds on all aspects of structuring, implementing, operating and winding up of funds. For owners and occupiers of real estate we act as a lead advisor identifying options to monetise assets and solve our client’s capacity and funding constraints by implementing innovative structured portfolio transactions. By working as an integrated team we ensure that the implications of each choice are carefully considered and that innovative solutions are implemented to generate real value for our clients. Cyril Courbage [email protected] Tel +44.207 547 0665 Dean Hodcroft [email protected] Tel +44.207 951 4870 2007 CORPORATE PARTNERS Hypo Real Estate Group is one of Europe’s leading international real estate lending institutions and has a network presence in all major markets in Europe, the US and Asia including London, Paris, Munich, New York, Hong Kong, Tokyo as well as most recently Mumbai and Singapore. By evolving and growing with our clients, Jones Lang LaSalle has become a globally integrated real estate services and money management firm, committed to delivering exceptional strategic, fully integrated services for property owners, investors and occupiers. We are a provider of debt financing solutions ranging from senior investment and development loans to structured finance, Mezzanine and Bridge loans. Our aim is to provide our customers with creative and flexible financing solutions through short decision paths, even for the most complex transactions. We offer a wide range of capabilities including syndication and securitisation and dedicated real estate investment banking expertise. Our focus is on long-term relationships – not simply transactions. We pioneered a professional services approach in the industry by providing clients with total solutions to their complex real estate needs, and with 22,000 employees worldwide, including 2,700 in Europe, we are able to fulfil any requirement locally, regionally and globally from more than 150 offices worldwide. Additionally, we offer expertise in Public Finance and Capital Markets products e.g. asset based finance and infrastructure finance. Hypo Real Estate Group is persistently seizing opportunities in international financing with our strong focus on cross border business development of new and innovative financing solutions and expansion into new geographical markets. In 2006, our capital markets business completed €38 billion of sales and acquisitions in Europe. Over 270 transaction professionals backed by a team of 70 research specialists enable us to create a clear competitive advantage for our clients through the strategic use of accurate data, market intelligence and innovative thinking from across Europe and around the world. Frank Lamby Tel: +49.89 2880 14000 [email protected] Harin Thaker Tel: +44.207 743 7600 [email protected] Charles Balch Tel: +44.207 743 7600 [email protected] Tony Horrell [email protected] Tel: +44.20 7399 5866 2007 SENIOR PARTNERS BNP Paribas is one of the world’s largest and most stable financial services groups, with 140,000 people working across 85 countries and high AA credit ratings. The group has solid roots in Europe and leading positions across the Americas and Asia-Pacific. BNP Paribas’ Fixed Income division operates in the global interest rate, credit and currency markets, providing a broad range of products and advisory services to a global client franchise. Andrew Jeyarajah [email protected] Tel +44.207 595 1193 Halverton was established in September 2004 and began full trading in January 2005. It was set up to provide investor access to the higher yielding regional European real estate markets. Since January 2005, Halverton has established itself as one of the premier asset management platforms in Europe with over 110 staff operating in eight offices throughout Germany, Scandinavia, France and the Benelux. As of June 2007, the company manages c. €1.4billion of assets in six vehicles, with another €2billion of immediate acquisition capacity. Calyon has a global and recognized network of expertise in real estate & lodging financing and advisory transactions. Ranked by EUROMONEY 1st real estate commercial bank in France and 4th worldwide, Calyon ‘s Real Estate & Hotel Group, based in 14 different countries in Europe, USA, Asia & Australia, provides local & international clients with high value added solutions in Corporate and Structured Finance, Investment Banking and Capital Markets. Thierry Simon [email protected] Tel +33.1 57 87 20 05 CDP Real Estate Europe is the European real estate member company of the Real Estate group of the Caisse de dépôt et placement du Québec, one of the world’s 10 largest real estate portfolios. It offers investment and asset management services to subsidiaries of the Caisse and other institutional investors. Jean Lamothe [email protected] Tel +33.156 692 535 Jean-Charles Viard [email protected] Tel +33.156 692 547 Cedric Engel [email protected] Tel +33.156 692 579 Since 1997, HRO has developed over 530,000 m2 of prime office property in 18 separate projects across Europe. HRO developments are distinguished by their architectural excellence - providing a modern corporate image for its tenants - flexibility and comfort of its office space, performance, modern amenities and cost efficiency. The long-standing professional team continues to apply the principles on which the company was founded. IXIS AEW Europe is a leading European real estate investment manager owned by IXIS Asset Management Group. With a staff of over 232 real estate professionals operating from Paris, London, Luxembourg, Milan, Düsseldorf, Stockholm, Barcelona, Prague, Budapest and Warsaw, IAE/Curzon is one of the pre-eminent panEuropean real estate investment management groups, with over €15 billion in gross assets under management. Richard Croft [email protected] Tel +44.207 743 9000 Philip B. Gaillard [email protected] Tel: +33.1 58 05 41 41 François Pochard [email protected] Tel: +33.1 78 40 92 20 Pramerica Real Estate Investors is the real estate investment managment business of the American Prudential. Focused on real estate investment management and advisory services in the United States, Europe, Asia and Latin America. $ 36.9 billion in gross assets under management as of December 31, 2006. Providing a wide rage of products according to risk/ return appetite of investors, managing real estate since 1970. Over 400 employees working in 17 offices to access key markets with head offices in Parsippany, New Jersey, Munich, Germany and Singapore. RREEF Real Estate and RREEF Infrastructure acquires and manages investments in commercial and residential property, real estate securities, and infrastructure assets on behalf of its institutional and private clients worldwide. RREEF Real Estate has more than €56.2 billion in assets under management worldwide as of 31 March 2007. RREEF Infrastructure has more than €2.5 billion in assets under management worldwide as of 31 March 2007. Both businesses are part of RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division, which consists of four businesses; Real Estate, Infrastructure, Private Equity and Hedge Funds. Risanamento is the leading Italian real estate developer with 3.5m2 under development. Risanamento is also an active investor in prime properties with a total portfolio in excess of E 1 bn, mainly located in Paris CBD. Risanamento’s two key development projects, Milano Santa Giulia and the Falck site, are located in Milan and encompass a total of 2,5 m2. Thomas Hoeller [email protected] Tel: +49 89 286 450 Jon Thompson [email protected] Tel + 44.20 7545 0206 Giulio Rasetta [email protected] Tel + 39.02 7645 5158 Ric Lewis [email protected] Tel: + 44.207 016 4800 2007 SENIOR PARTNERS Eurohypo is the leading specialist bank for commercial real estate and public finance. The Bank has an excellent position in the global market. For professional clients Eurohypo offers worldwide the entire added value chain in complex real estate financing transactions, covering traditional loans business as well as real estate investment. Eurohypo is a global player with presence in nearly every European country, is one of the top-players in the USA and the leader in European real estate investment banking. The bank has also established its corporate finance business in Asia/Pacific as well as in Mexico. Bernd Knobloch [email protected] Tel +49.69 2548 20010 Freshfields Bruckhaus Deringer is a leader among international law firms, providing business law advice throughout Europe, the Middle East, Asia and the US. Our International real estate network provides an integrated service to clients working in all aspects of commercial real estate, acting for those operating within and outside their own country and advising on crossborder transactions. Chris Morris chris.morris@freshfields.com Tel: +44.20 7832 7494 Friedrich Heilmann friedrich.heilmann@freshfields.com Tel: +49.69 27 30 81 09 JPMorgan is one of the world’s leading investment banks with operations in more than 50 countries. Our fully integrated European Real Estate Structured Finance platform has strong regional market knowledge and capabilities. The group provides commercial and multifamily residential real estate lending, syndication and securitization to clients and offers customised financing solutions across different debt classes. Lovells’ real estate practice is widely regarded as a market leader. Providing top-quality legal expertise and marketing knowledge, the real estate group is distinguished by its strong cross-border service and integrated international network of partners and lawyers. The practice is also renowned for its provision of client-focused innovation, both in pioneering new deal structures and for the delivery of legal services. Chambers Global 2007 says that Lovells “leaves others in its wake with its straightforward advice on difficult issues and its technological advances”. Emmanuel Verhoosel [email protected] Tel : +44.207 325 9742 Robert Kidby [email protected] Tel: +44.207 296 2000 Michael Stancombe [email protected] Tel : +44.207 296 2000 Lovells LLP, Atlantic House, Holborn Viaduct, London EC1A 2FG SPONSORSHIP OPPORTUNITIES American European represents property owners, developers and investors in their global search for financial partners or in the sale of their properties. Henri Alster, President, has a 25-year track record in the business in Europe and the USA and also doubles as Chairman of the GRI. Please contact Henri Alster Chairman, GRI [email protected] Tel + 1 866 399 1001 Henri Alster [email protected] Tel +1.866 399 1001 2007 PARTNERS Capital and Marketing Group (CMG), the Global Independent Capital Raisers, offers advisory services to Fund Managers of alternative investments, while providing investors in Europe, the Middle East, Asia and the Americas with the best class funds invested in real-estate, infrastructure, hedge funds and private equity. With offices in London, Berlin, Guernsey and Tokyo, CMG acted as placement agent for its clients on over €14 billion of mandates since 2002. Christophe de Taurines [email protected] Tel +44. 20 7290 7897 Headquartered in London with offices in Paris, Frankfurt and Milan, Catalyst Capital identifies, purchases and manages a substantial portfolio of office, industrial and retail real estate in partnership with European and North American investors. With recent acquisitions including property in Rome, Budapest, Brussels and Berlin, the business continues to look for further opportunities throughout central and western Europe. Fabrice de Clermont-Tonnerre [email protected] Tel +33. 1 56 88 54 88 Peter Kasch [email protected] Tel +44. 207 290 5100 DTZ is one of the world’s leading global real estate advisers with 10,000 people operating from 200 offices in 40 countries. Around the world, DTZ professionals advise investors, major financial institutions, property companies, banks, governments and other public sector organisations. Malcolm Naish [email protected] Tel: +44.207 643 6164 John Slade [email protected] Tel: +44.207 757 6685 Simon Berrill [email protected] Tel: +44.207 643 6462 The Whitehall Funds invest proprietary capital in real estate opportunities worldwide. Whitehall has raised approximately $19 billion in equity worldwide and closed its most recent fund in May 2007. Through December 31, 2006, Whitehall has investments of $100.3bn in total cost across 27 countries including U.S., Canada, U.K., France, Italy, Germany, Sweden, Spain, Japan, Thailand, China and Singapore. Meridia is a real estate private equity fund specialised in the hospitality sector. It acquires or develops properties mainly in Europe, LatAm & the Caribbean and India, both in urban and resort markets. All properties are managed by first tier brands. As a Total Services Contractor, the STEINER GROUP provides services throughout the entire cycle of real estate projects, from development and realization to operation and use. STEINER GROUP is headquartered in Zurich, Switzerland, and internationally oriented with a strong subsidiary in France and business activities in China. Javier Faus [email protected] Tel +34.93 484 15 00 Cristina Badenes [email protected] Tel +34 93 484 15 00 Valartis is a global provider of commercial real estate financing with a focus on Europe incl. the Russian Federation as well as North America. Valartis offers in particular mezzanine- and equity-financing solutions along with senior loans. A specialized fund vehicle serves as an investment platform for the mezzanine loans available to investors. Johannes Haecker [email protected] Christof Winkelmann [email protected] Tel +41.43 336 83 72 Tel +41.43 336 83 73 Edward Siskind [email protected] Tel +44.20 7774 4175 Thomas Gugler [email protected] Tel. +41.44 305 22 11 Willbrook Management International is an established UK-based company offering professional real estate services in Central and Eastern Europe. Willbrook’s target clientele is high-end corporations and individuals. Willbrook is focused on a variety of real estate sectors including office, residential, commercial, hotel, industrial and logistic centers. The range of expertise allows Willbrook to best capitalize on the opportunities in various local markets. Daiana Voicu [email protected] Tel: +40.21 231 7430 ���������������������� The GRI is a club of senior investors, developers, lenders and hotel companies across the world. It runs its activities through a series of annual meetings focused on different regions of the globe. If building close relationships with the driving elite of the real estate industry at the most senior levels can be useful, we welcome you to join us. THE ������ �������������� ����� ��� ��������������������� RUSSIA GRI Moscow 26-27 Sept � � � � � � � � ������ � ���������� ������� �� ������ ������ 16/4/07 10:33:26 am NE_cover.indd 1 NEW EUROPE GRI Istanbul 26-27 Nov GRI MIDDLE EAST CHAIRMEN’S RETREAT Dubai 14-16 Nov ������������������������ Untitled-1 1 GRI EUROPE CHAIRMEN’S RETREAT St Moritz 17-20 Jan 2008 30/5/07 2:07:13 pm ������������������������ ��� ��� ���������� new_covers.indd 6 ����� ��������� 12/6/07 2:22:30 pm USA GRI New York Jan 2008 new_covers.indd 7 Untitled-1 2 11/5/07 3:11:25 pm new_covers.indd 4 CHINA GRI Beijing June 2008 GRI_WorldSummit07_AW.indd 1 GRI WORLD SUMMIT London 28-29 April 2008 ��� ����������� ������������� DEUTSCHE GRI Frankfurt May 2008 13/6/07 9:16:49 am MIDDLE EAST GRI Dubai March 2008 ����� www.globalrealestate.org [email protected] Tel +44. 20 8445 6932 INDIA GRI New Delhi 3-4 Oct ����������������������� GRI A GLOBAL CLUB 14/2/07 4:01:00 pm Untitled-4 1 12/6/07 2:21:58 pm 23/4/07 2:35:55 pm ��������� new_covers.indd 5 GRI EUROPE SUMMIT Paris 15-16 Sept 2008 12/6/07 2:22:15 pm 2007 REGISTRATION NOTES GRI EUROPEAN SUMMIT 2007 10-11 SEPTEMBER Early registration - Save €100 prior to July 31 PARIS, GRAND HOTEL, 2 RUE SCRIBE [FOR DISCUSSION (CO-)CHAIRS AND MEMBERS ONLY:] Please email before July 31 to: [email protected] HOTELS (1) CHECK Please book directly requesting “GRI” rate. Lodging costs are not included in conference fees. Check and methods of payment other than credit cards incur additional €75 + VAT charge. Pay “GRI”. Mail check and registration form to: GRI, 1379 High Road, London N20 9LP, UK �� ������� ������ ������� ������ ����� ���� ������ ������� ������ �������� ����� ������� ������� ������ � �������� �������� ���������������� �������� ��������������������������������� �������� ����������������� ������������������������ ���������� ������������������������� ��������������� ��������� ���� ��������� ���������������������������������� ������� �������� �������� �������� �������� ���������� �������� ��������� ���������� ����������������� �������� ������� �� ��������� ��������� ���������� ��������� ������������������������������� �������� ���������� �������� ��������� �������� ���������������������������������� �������� ������� ���� �������� ������������������� ������������������� ���� �������� ������� ��� ���� ������ ������ ������� ����� ������� ������ �� ������ ����� ����� ������� �������������� ������� ������ �� ������ ���� ����� ������ � age_F INAL.in dd 1 ������� ����� ������ ������ ������ ������ ������� ������ ������ ������ �������� ����� ����� ������� ������ ������� ������ � � • • • Confirmation will be sent on receipt of payment. If you have not received confirmation within 14 days of registration, please contact us to confirm your booking. All material throughout this brochure is subject to change without notice. Ongoing updates at www.globalrealestate.org Group rate - 3 or more, save €200 each GRI ANNUAL MEMBERSHIP INDUSTRY PARTNER 28-30 November 2007 Hong Kong WWW.MIPIMASIA.COM 13/6/07 1. COMPANY SPECIALTY - maximum 16 words: Investors/lenders: criteria (type • where • amount range • :06 pm 18/1/07 3:01 existing vs development...) Example: 1 ndd ech_sample.i Ben_Westbe “office, hotels, bulk sales • Germany, CEE, China • US$100-500 million • existing or development • major metros only” Developers: product specialty (type • where • size range • existing v development...) Other: describe speciality bullet point style 2. COLOR PORTRAIT PHOTO: HIGH RESOLUTION .JPG 3. LOGO: COLOR • B/W • INVERSE (.EPS FORMAT) 4. 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Please call Registrations + 44. 20 8445 6662. ������ �������� ���� �������� �������� ���������������� �������� ��������������������������������� �������� ����������������� ������������������������ ���������� ������������������������� ��������������� ��������� ���� ��������� ���������������������������������� ������� �������� �������� �������� �������� ���������� �������� ��������� ���������� ����������������� �������� ������� �� ��������� ��������� ���������� ��������� ������������������������������� �������� ���������� �������� ��������� �������� ���������������������������������� �������� ������� ���� �������� ������������������� ������������������� ���� �������� ������� ��� ������ ������ ������� ����� ������� ������ �� ������ ����� ����� ������� �������������� ������� ������ �� ������ ���� ����� ������ � �������� �������� ���������������� �������� ��������������������������������� �������� ����������������� ������������������������ ���������� ������������������������� ��������������� ��������� ���� ��������� ���������������������������������� ������� �������� �������� �������� �������� ���������� �������� ��������� ���������� ����������������� �������� ������� �� ��������� ��������� ���������� ��������� ������������������������������� �������� ���������� �������� ��������� �������� ���������������������������������� �������� ������� ���� �������� ������������������� ������������������� ���� �������� ������� ��� ����� PAYMENT CURRENCY Main office: 511 Ave of the Americas - suite 4100, New York, N.Y 10011 USA European Services: 1379 High Road - 6th floor, London, N20 9LP, UK �������� ����� ����� ������� ������ ����� ������� ������ �������� ����� ������� ������� ������ � ������� ������� ������ ����� ���� �� ������� ������ �������� ����� ������� ������� ������ � �� Delegates must wear their badge at all times. Admission will regrettably not be possible otherwise. �� �������������� ������������ ���������� ������������ ��������� ������������ ������� ���� ������������� �� ���� ������������ �������������� ������������ ����������� ����������� ��������������� �������������������� ���������� ����� �������������� ����������� ������������� ������������ ����������� ����� �������������� ���������������� ��������������������������� ��������� ������ ������ ���������� ������� ���������������� ������������������ ���������������������� ������������� ��������������������� ����������� �������������������������������������������� ���������������������� ������������������ ������������������������� �������������� ������ ����� ������� ���� ����� ����� ������������ ���������������� ������������� �������������� Inquiries and further information: www.globalrealestate.org [email protected] UK Tel: +44. 20 8445 6932 UK Fax: +44. 20 8445 6633 ���� ������ ������ ������� ����� ������� ������ �� ������ ����� ����� ������� �������������� ������� ������ �� ������ ���� ����� ������ � �������� �������� ���������������� �������� ��������������������������������� �������� ����������������� ������������������������ ���������� ������������������������� ��������������� ��������� ���� ��������� ���������������������������������� ������� �������� �������� �������� �������� ���������� �������� ��������� ���������� ����������������� �������� ������� �� ��������� ��������� ���������� ��������� ������������������������������� �������� ���������� �������� ��������� �������� ���������������������������������� �������� ������� ���� �������� ������������������� ������������������� ���� �������� ������� ��� ������ BADGES ������ ������ �� Group discussions take place in French or in English, as indicated in the program. Simultaneous translation is provided for keynote addresses only. Group rate is per person. Applies to groups of 3 or more participants. Need not be from the same company. Please note that registration fee reductions are not cumulative. �������� Les groupes de discussions prennent place en Français ou en Anglais. Le discours clé est en traduction simultanée. ������� ������� ������ ������� ����� ������ ������ � ��� ������� ������ �������� ����� ������� ������� ������ � ������ ������������ ����� ����������� �������������� ������������ ������� �������������� �� LANGUES - LANGUAGES ���� ��������� (2) GROUP RATE ������ GRAND HOTEL **** Deluxe Classic room : GRI rate €450 (€350 GRI weekend rate for any night from Friday afternoon through Monday morning) Tel: +33 1 40 07 35 35 Fax: +33 1 40 07 36 94 INDIVIDUAL MEMBERSHIP • • • • • • • GRI Members as of December 31 are listed in the GRI Yearbook of the subsequent year, published in March. GRI Members benefit from reduced rates when attending GRI Meetings. Invitation to private GRI Board Dinners.. GRI Members in-between jobs enjoy complimentary attendance subject to GRI approval. Starting date of membership is the 1st day of the quarter in which registration is made. It can be requested to start the next quarter. Cancellation: Expiring memberships self-cancel automatically if not renewed. There is no mid-year cancellation mechanism. Complete list of membership benefits available on request. • Please contact Henri Alster, Chairman, GRI - [email protected] CORPORATE MEMBERSHIP 9:31:24 am 2007 REGISTRATION FORM PLEASE FAX TO +44 20 8445 6633 MR/MRS/DR FIRST INITIALS LAST (III/JR/...) NICK-/BADGE NAME RESERVE YOUR SPACE: Sign up for group discussions POSITION Réservation pour groupes de discussion DIRECT TEL EMAIL FAX COMPANY ASSISTANT TEL EMAIL ADDRESS CITY STATE POSTCODE COUNTRY DIVISION’S WEB ADDRESS (EX: WWW.COMPANY.EXT/DIVISION...) ❑ INVESTOR ❑ CORPORATE (User) ❑ ECONOMIC DEVELOPMENT ❑ PENSION (Investor) ❑ AGENT (Surveyor) ❑ ACADEMIC (Think Tank) ❑ PROPERTY COMPANY (Developer) ❑ ADVISOR (Accountant/Tax) ❑ MEDIA ❑ INFRASTRUCTURE COMPANY ❑ LAWYER ❑ TRADE (Group/Exhibit/ ❑ LENDER ❑ A&E (Architect/Engineer) ❑ HOTEL (Company) ❑ TITLE (COMPANY) ❑ INVESTMENT BANK ❑ GOVERNMENT (Officials) ■ PAYMENT DETAILS PLEASE TICK ❑ VISA ❑ Conference Organiser) ❑ OTHER_________________ A receipt will be returned. MASTERCARD ❑ AMEX ❑ CHECK (+€75)(1) CARD NUMBER NAME ON CARD EXPIRY SIGNATURE ••••• CREDIT CARD BILLING ADDRESS, if different from above (important, please provide) STREET ADDRESS CITY After July 31 FULLY PRICED clever returns? MONEY FLOWS when stops the music? PREPARING FOR THE WORST? WINDS OF CHANGE? WALL OF MONEY? MORE DEALS LESS COMPETITION? INVESTOR ATTITUDES? 2008 steady or bust? IMMOBILIER nouveaux produits? LE MARCHÉ hausse ou hors prix? LE CONSEIL coût ou investissement? FINANCEMENTS | BESOIN? 2010 : DÉFENSE OU PARIS CBD? ASSET MANAGEMENT valeur ajoutée? EUROPEAN INVESTMENT growth? AGE OF CAPITAL MARKETS bricks matter? FRANCE good deals left? GERMAN REITs how? GERMANY too late? G REIT Alstria case GERMANY upside? CEE too late? CEE FUND STRATEGIES CEE how much longer? INVESTING IN TURKEY TURKEY overdone? � � � � � � � � � � � � � � � � � � � � � � � � � � RUSSIA foreigners necessary? RUSSIAN building blocks? EMERGING EUROPE re or infrastructure? SOUTHERN ITALY new frontier? ITALIAN SIIQ future or fad? SPAIN tough times ahead? SWEDEN AND FINLAND SWITZERLAND foreigners welcome? INDIA reality and dream? MEDITERRANEAN SUNBELT MIDDLE EAST OFFICE MARKETS any higher? RETAIL REAL ESTATE OPCO / PROPCO GERMAN HEALTH CARE PROPERTIES PLATFORM ACQUISITIONS LOGISTICS HOTEL BUST TO BOOM? PROPERTY DERIVATIVES HOTELS past | future M&A INNOVATIVE CAPITAL MARKETS FINANCING BRAVE NEW WORLD first time funds GLOBALIZATION & CONVERGENCE PERFORMING & ASSET MANAGERS MEZZANINE DEBT replace equity? UK REITs new weapon? Sign-up for group discussions STATE/COUNTY GRI Europe Summit 07 Paris Sept 10-11 Until July 31 � � � � � � � � � � � � � � � � � � � � � � � � � � � Group discussions run concurrently for 75 minutes each, in successive series of 6 to 7 at a time. Prior sign-up is required for participation, as there is limited seating capacity. While the GRI is committed to trying to satisfy sign-up requests, it regrettably cannot guarantee availability. Please tick (✓). POSTCODE Single Non Member Group (2) Non Member GRI Member or (co-)Chair � €2,961 � €2,721 � €2,243 €2,475 + VAT €2,275 + VAT €1,875 + VAT � €3,080 � €2,841 � €2,363 €2,575 + VAT €2,375 + VAT €1,975 + VAT Fee for payment methods other than credit card � €75 + VAT GRI Annual Individual Membership (optional) Regular Discussion (co-)Chair** € Euros � €1,800 � €600 ** Membership for confirmed and Event Fee-paying Discussion (co-)Chairs only. Membership benefits include reduced rates at GRI events, prominent profiling in annual GRI Directory and more. Corporate Partners Senior Partners Partners media & industry associates