GRI2012 WARSAW NOVEMBER

Transcription

1 REAL ESTATE INVESTORS AND DEVELOPERS IN CEE THE 8th ANNUAL New Europe Hyatt Regency Warsaw GRI2012 WARSAW NOVEMBER Changing Tides?

2 Program Highlights Big Picture Poland Real Estate Safe haven or trouble ahead? Prime, Prime, Prime Or is investors appetite changing? New CEE markets Where are the truffels? Investors & Developers program Distressed sales Deals happening or longer wait? Offices in CEE Is outside Warsaw a desert or real opportunity? CEE property investments Domestic capital, anybody? Debt & Capital Markets Program Alternative Financing Bridging the gap or only short term solution? PPP & Real Estate in CEE Joint force for good or just show? Corporate finance Are there creative solutions for the funding problem? Sectors and Regions Shopping Centres Development Done enough or room for growth? Romania Weathering the storm or comeback kid? Developing Residential Demand is there, where is the supply?...and many more... Georgios Argentopoulos Chief Executive Officer Baneasa Eric Assimakopoulos Managing Director Revetas Capital Hauke Brede Chief Risk Officer Allianz Real Estate Mathieu de Bruin CEO Arricano Tomasz Damzyn CFO Polonia Property Funds Marcin Dubno Head of Corporate Property Bank Zachodni WBK

3 welcome On November 2012, the GRI will bring together the leading international and local decision makers driving the real estate industry in Central and Eastern Europe for a series of informal and collegial discussions. Like all GRI meetings, the New Europe GRI will have no speakers, no panelists, just freewheeling conversations in small groups where all present participate. Find new business partners and connect with industry peers on topics of mutual interest. We would be delighted to welcome you. See you in Warsaw. Florentina Freise, Senior Director - New Europe GRI GRI Global Real Estate Institute Yann Guen Vice President Mayland Real Estate Karim Habra Managing Director - CEE LaSalle Investment Management David Hay CEO AFI Europe Romania Eric Dapoigny President YAREAL Polska Czarek Jarzabek Partner & President Golub GetHouse Vlaho Kojakovic Senior Banker- Property and Tourism Team EBRD

4 Connect with real estate leaders across cee LPs at recent GRIs GRIs WHO IS AT THE NEW EUROPE GRI? Abu Dhabi Investment Authority (ADIA) Alcatel Lucent pension trust Bayerische Versorgungskammer Caisse de Depot Quebec CALPERS Church Commissioners (UK) COLUMBIA UNIVERSITY INVESTMENT MANAGEMENT CPPIB Crown Estate (UK) Detroit General Retirement System Dow corporation pension E.ON PENSION MANAGEMENT European Parliament Pension Fund FINLAND STATE PENSION FUND FLEMING FAMILY & PARTNERS GE Pension Trust GENERALI IMMOBILIER GOTHAER ASSET MANAGEMENT GIC (SINGAPORE) Harvard Management Company Hermes Investment Management ILLMARINEN MUTUAL PENSION INSURANCE Integrale (Belgium) JOEP PENSION FUND (DENMARK) KBC pension fund LEWIS TRUST GROUP MEAG MUNICH ERGO Michigan Retirement System National Pensions Reserve Fund - Ireland New York State Common Retirement Fund NJ State Treasury NORDEA LIFE & PENSION Oman Investment Fund Ontario Municipal Employee Retirement System Oregon Public Employees Retirement Fund Philips Pension Funds PREVI PRUDENTIAL INSURANCE PSP INVESTMENTS (CANADA) Qatar Investment Authority Texas Teachers Retirement System TIAA-CREF US Steel Pension Funds Washington State Employee Retirement System Wellcome Trust...and others BY OCCUPATION BY SENIORITY BASED ON PAST 3 YEARS ATTENDANCE Investors 28.6% Developers 37.0% Lenders 21.8% Advisors 8.0% Other 4.6% Chairman / CEO / CXO 43.3% Managing Directors 38.2% Directors 16.2% Other 2.3% Omar Koleilat CEO Crestyl Michael Kröger Head of International Real Estate Finance Helaba Nicklas Lindberg President Skanska Commercial Development Europe SKANSKA Anna Malarczyk Managing Director Futureal Christian Nickels-Teske Head of Treasury Europe & Capital Markets Prologis Peter Oesterle Head of Asset Management Projects East Immofinanz

5 OVERVIEW TIMETABLE MONDAY 26 NOVEMBER n 13H30 n 14H30-17H45 n 17H45-18H45 n 19H00-22H00 Check-in Discussions Drinks Reception TUESDAY 27 NOVEMBER n 08H00 n 09H00-10H00 n 10H30-15H30 n 13H15-14H15 n 15H30-16H30 Private Board Dinner (By invitation only - reserved for GRI Members, Sponsors and New Europe GRI Discussion (co-)chairs.) Check-in Keynote Discussions Lunch Wrap-up & Drinks KEYNOTE Euro under stress Is Europe s future black or grey? Dr. Jürgen Pfister chief economist BayernLB germany Dress Code: Business casual Hyatt regency warsaw 23 Belwederska Avenue, Warsaw, , Poland Boris Olujic Principal Peakside Capital Rob Reiskin Co-Head of Europe Heitman Árpád Török CEO TriGranit Ian Worboys CEO PointPark Properties Patrick Zehetmayr Management Board Erste Group Immorent Jorge Perez de Leza MD, Europe Grupo Lar

6 NEW EUROPE GRI 2012 Attendees List Access up-to-date list of participants by visiting: Alternatively, view with your smartphone using the QR code on the right. Scan with QR APP to view participants Distressed sales - Deals happening or longer wait? Eric Assimakopoulos Revetas Capital uk Martin Erbe head of international real estate finance northern and central europe HELABA germany Czarek Jarzabek partner & president Golub GetHouse poland Dieter Knittel director, real estate finance cee pbb Deutsche Pfandbriefbank germany Christian Nickels-Teske head of treasury europe & capital markets Prologis holland Peter Pecnik director of debt financing HB Reavis Group slovakia Dimitar Savov BLD Asset Management bulgaria Eric Assimakopoulos Martin Erbe Czarek Jarzabek Dieter Knittel Christian Nickels-Teske Peter Pecnik Dimitar Savov Alternative Financing - Bridging the gap or only short term solution? Martin Holler partner Giese & Partner czech republic Gerhard Breindl head of risk management Erste Group Immorent austria Dorota Filant associate director Westimmo poland Michael Kröger head of international re finance Helaba germany Markus Leininger SIMRES Group germany Ulf Pleschiutschnig executive director Morgan Stanley uk Martin Holler Gerhard Breindl Dorota Filant Michael Kröger Markus Leininger Ulf Pleschiutschnig Financing in CEE Back to business or more drought? Marcin Dubno head of corporate property Bank Zachodni WBK poland Hans Köppen Investkredit Bank poland Michelle Small uk Joanna Tlak head of treasury and debt finance Polonia Property Funds poland Patrick Zehetmayr Erste Group Immorent austria Marcin Dubno Hans Köppen Michelle Small Patrick Zehetmayr All material throughout this brochure is subject to change without notice.

7 DISCUSSIONS Investors & retail - Poland top or better off elsewhere? Martin Carr Pinnacle czech republic Rüdiger Dany senior director development poland, czech & slovak republic ECE Projektmanagement Praha czech republic Sachin Rupani vice president MEYER BERGMAN uk Rafał Nowicki senior vice-president Apollo-Rida poland Niall O Higgins Caelum Development poland Rob Reiskin co-head of europe Heitman uk Wojciech Sztuba managing partner TPA Horwath poland Rüdiger Dany Rafał Nowicki Niall O Higgins Rob Reiskin Wojciech Sztuba Real Estate Transactions In-between the acceptable and non-acceptable risks? Michal Siwek partner Siwek Law Office poland Hauke Brede chief risk officer Allianz Real Estate germany Nicklas Lindberg president skanska commercial development europe SKANSKA poland Adam Swirski country head credit risk management Deutsche Bank poland Maciej Tuszynski executive director, head of re WestImmo poland Michal Siwek Hauke Brede Nicklas Lindberg Maciej Tuszynski CEE investors abroad - Just diversifying or better opportunities away from home? Krzysztof Bocianowski country director CBRE Investors czech republic Kean Hird partner Catalyst Capital uk Manfred Wiesner principal PW Partners uk Kean Hird Manfred Wiesner All material throughout this brochure is subject to change without notice.

8 NEW EUROPE GRI 2012 Poland Real Estate Safe haven or trouble ahead? Georg Blaschke vp northern and central europe Helaba germany Tomasz Damzyn cfo Polonia Property Funds poland Peter Evans leasing director Helical Poland poland Dr. Walter Hampel, real estate finance cee pbb Deutsche Pfandbriefbank germany Jon Therkildsen Nordic Development poland Tomasz Damzyn Dr. Walter Hampel Jon Therkildsen Romania - Comeback kid? Yannis Delikanakis partner Bluehouse luxembourg Benedikt Hartig head of team am projects east Immofinanz austria David Hay AFI Europe Romania romania Bogdan Macarie development director TriGranit hungary Mauricio Mesa Gómez romania and bulgaria country manager Hercesa romania Jorge Perez De Leza europe Grupo Lar spain Martin Schlichting group head commercial re Erste Group Immorent austria Yannis Delikanakis Benedikt Hartig David Hay Bogdan Macarie Mauricio Mesa Gómez Jorge Perez De Leza Martin Schlichting Investor s hunt for value - Big, medium or small cities? Alexander Flatz Soravia Real Estate Development austria Yann Guen vice president Mayland Real Estate poland Piotr Krawczynski KULCZYK SILVERSTEIN PROPERTIES poland Waldemar Olbryk Skanska Property Poland poland Alexander Flatz Yann Guen Piotr Krawczynski Waldemar Olbryk

9 DISCUSSIONS Offices in CEE - Is outside Warsaw a desert or real opportunity? Eric Dapoigny president YAREAL Polska poland Rafal Mazurczak offices and hotels manager Echo poland Peter Oesterle head of asset management projects east Immofinanz austria Maciej Zajdel IVG Poland poland Eric Dapoigny Peter Oesterle Maciej Zajdel shopping centers development - Done enough or room for growth? Fabrice Bansay chief executive officer Apsys Polska poland Árpád Török TriGranit hungary James Turner Balmain Asset Management uk Fabrice Bansay Árpád Török James Turner SEE Investors - Optimism or realism? Lambros Anagnostopoulos Secure Management greece Georgios Argentopoulos BANEASA romania Trevor Cartner chairman Helios Properties uk Kristijan Gelo managing partner Tulipan Servis Grupa croatia Charalampos Pandis partner Bluehouse Capital luxembourg Lambros Anagnostopoulos Georgios Argentopoulos Trevor Cartner Kristijan Gelo Charalampos Pandis Prime, Prime, Prime - Or is investors appetite changing? Anna Malarczyk Futureal poland Nikos Koulouras director Salamanca Capital uk Boris Olujic principal Peakside Advisors uk Anna Malarczyk Nikos Koulouras Boris Olujic

10 NEW EUROPE GRI 2012 Czech Republic - Opportunity market or still clouds? Peter Noack executive vice president HOCHTIEF Solutions - Real Estate Solution czech republic Martin Skalicky member of board, investment director REICO czech republic Christopher Zeuner cee acquisitions LaSalle Investment Management czech republic Peter Noack Christopher Zeuner New CEE markets - Where are the truffels? Sofia Athanasopoulou project manager Hellenic Republic Asset Development Fund greece Mathieu De Bruin Arricano ukraine Marian Herman head of investment management and capital markets HB Reavis Group slovakia Karol Kalicki partner and executive vice president Polimeni International poland Mathieu De Bruin Marian Herman Karol Kalicki Corporate finance Are there creative solutions for the funding problem? Bartjan Zoetmulder tax partner, head of cee team Loyens & Loeff holland Otis Spencer co-head/ KSPREAL ESTATE INVESTMENT MANAGEMENT poland Bartjan Zoetmulder Otis Spencer PPP & Real Estate in CEE Joint force for good or just show? Irena Herbst chairman of the board Fundacja Centrum PPP poland Jan Dziekański director / head of structured finance and advisory Bank Gospodarstwa Krajowego poland Vlaho Kojakovic senior banker- property and tourism team EBRD uk Werner Weihs-Raabl head of infrastructure finance Erste Group Immorent austria Irena Herbst Jan Dziekański Vlaho Kojakovic Werner Weihs-Raabl All material throughout this brochure is subject to change without notice.

11 DISCUSSIONS Developing Residential - Demand is there, where is the supply? Carlos De León member of management board Acciona Nieruchomosci poland Omar Koleilat Crestyl czech republic Michal Świerczyński Vice-President of the Management Board POLNORD poland Andreas Taprantzis executive director Hellenic Republic Asset Development Fund greece Omar Koleilat Andreas Taprantzis CEE property investments - Domestic capital, anybody?? Miroslaw Januszko vice president Polonia Property Funds poland Michał Koślacz member of the management board Capital Park poland Miroslaw Januszko Michał Koślacz Warehouses & Logistics - With all gloomy, is now the right time? Paul Deverell business director CTP czech republic Ian Worboys PointPark Properties czech republic Ian Worboys All material throughout this brochure is subject to change without notice.

12 REGISTRATION NOTES 4 easy ways to register 1. Tear out the registration form and fax to: Scan and the completed form to: [email protected] 3. Download registration form at 4. Call: HOTEL Hyatt regency warsaw 23 Belwederska Avenue, Warsaw, , Poland GRI Preferential Room Rates. (Direct bookings only, not through travel agents) Quote Ref: GRI directly with hotel when booking. Please book directly with the hotel. Lodging costs are not included in conference fees. An allocation of bedrooms is being held for GRI attendees at a negotiated rate (subject to availability and not available through travel agents). To book your accommodation please download the hotel booking form from the GRI website, complete and or fax directly to Hyatt Regency Warsaw. Sponsorship Opportunities Take the opportunity to strengthen your position in the real estate market and reach a senior audience of real estate professionals across the globe. The GRI has a limited number of commercial packages available and our sponsorship team will be happy to tailor a package to ensure you maximise your return on investment. Tel Fax Visa Please note a visa may be required required to enter Poland for the event. A formal letter of confirmation from GRI to assist with visa application is available upon request. Please contact [email protected] for further assistance. Badges Delegates must wear badges at all the times. Admittance will regrettably not be possible otherwise. ADMISSION & CANCELLATION POLICY Registrations are per person and cannot be shared between colleagues. Registrations can be transferred to colleagues any time prior to the event. Cancellation and transfer to colleagues must be in writing. A 90% refund will apply if cancellation is received before 19 October We regret that no refunds are possible for cancellations received thereafter. (1) Check Pay GRI. Mail check and registration form to: GRI, 10 Melton Street, London NW1 2EB, UK (2) Group Rate Group rate is per person. Applies to a group of 3 or more participants. Please note that registration fee reductions are not cumulative. INDUSTRY PARTNER For more information contact: Hassan Gani, International Project Director Tel [email protected] INQUIRIES AND FURTHER INFORMATION: March Palais des Festivals, Cannes, France For general event enquiries contact: Tel: For program opportunities contact: Florentina freise Senior Director, New Europe Tel: [email protected] For media & partnerships contact: Olga Giles Marketing Manager Tel: [email protected] Main Office: 511 Avenue of the Americas - Suite 4100 New York, NY 10011, USA European Office: 10 Melton Street London NW1 2EB, UK Ongoing updates at:

13 new europe GRI 2012 registration FORM fax to: or scan and to: Mr/Mrs/Dr First Initials Last REGISTER BY 12 october AND SAVE UP TO 300 (III/Jr/...) NickNAME NEW EUROPE GRI 2012 Warsaw, November SINGLE Group (2) per person Discussion (co-)chair position/job title Early Bird Before 12 Oct 2,375 (+23% VAT) 2,175 (+23% VAT) 1,875 (+23% VAT) Direct tel Standard Rate After 12 Oct 2,675 (+23% VAT) 2,475 (+23% VAT) 2,075 (+23% VAT) Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): 75 (+23% VAT) 125 (+23% VAT) company VAT refund: The GRI will provide links to the relevant EU refund directive claim forms to help its EU-based delegates to secure VAT refund with limited cost and hassle. assistant ASSISTANT ASSISTANT Tel n PAYMENT DETAILS A receipt will be returned. Please tick q Visa q Mastercard q AmEx q check (+ 75)(1) ref: 1wb Address Card Number Name on Card City State/province/county Expiry *CSC/CVV (MANDATORY) Postcode Country Signature Division s web address (ex: q INVESTOR q PENSION (Investor) q PROPERTY COMPANY (Developer) q INFRASTRUCTURE COMPANY q LENDER q HOTEL (Company) q INVESTMENT BANK q CORPORATE (User) q AGENT (Surveyor) q ADVISOR (Accountant/Tax) q LAWYER q A&E (Architect/Engineer) q TITLE (COMPANY) q GOVERNMENT (Officials) q ECONOMIC DEVELOPMENT q ACADEMIC (Think Tank) q MEDIA q TRADE (Group/Exhibit/ Conference Organiser) q OTHER Credit Card Billing address, if different from above (important, please provide) Street Address City State/County/province Postcode *The CSC is the final three digit number printed on the reverse of your card along the signature strip. for american express cards, please provide the four digit cvv located above the card number. With due sensitivity the GRI may film or photograph this event for printed & electronic marketing purposes. By attending the event you are giving consent to be filmed or photographed. No individually identifiable images will be used where requested.

14 SPONSORS GOLD SPONSOR Erste Group Immorent is the specialist for real estate and infrastructure projects. Our activities cover the full range of financing solutions and services along the entire real estate value chain. Erste Group Immorent can rely on 40 years of experience with over 10,000 successfully realised property and infrastructure projects. The offer is addressed to developers, investors and the public sector across Central, Eastern and South Europe. Our services Real Estate lending Real Estate leasing Infrastructure & Public Sector finance Real Estate Investment Real Estate development & Construction Services For more details visit silver SPONSOR TPA Horwath offers integrated business solutions in the area of transaction support, tax planning, financial audit, accounting and payroll administration. We demonstrate strong track record of sectorspecific consulting services addressed particulary to real estate industry. All services are directly provided by TPA Horwath in 10 CEE countries where it belongs to top ten consulting firms. As member of Crowe Horwath International we provide the right mix of competence and experience both in local, regional and global context. Wojciech Sztuba Managing Partner Poznan office Murawa 12-18, Poznan Tel Warsaw office Grojecka 5, Warszawa Tel. (22) Sponsorship Opportunities To discuss sponsorship opportunities contact the team: Hassan Gani, International Project Director Tel

15 Build your global network. Build your business. RUSSIA GRI 2012 INDIA GRI2012 russia gri 2012 Moscow, September india gri 2012 Mumbai, 4-5 October GRI meetings provide a forum for the world s leading real estate players to develop valuable relationships, find new business partners, and strengthen their global networks. BRAZIL GRI 2012 BRAZIL GRI 2012 Sao Paulo, 6-7 November 2013 gri europe chairmen s retreat 2013 St Moritz, January New Europe GRI2012 New europe GRI 2012 Warsaw, November LATIN AMERICA GRI 2013 LATIN AMERICA GRi 2013 Miami, March TÜRKĞYE TURKEY GRI 2013 turkey gri 2013 Istanbul, 8-9 January DEUTSCHE GRI 2013 deutsche GRi 2013 Frankfurt, April At GRI meetings there are no speakers or panellists, just informal discussions in small groups, where everyone participates equally. 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. [email protected] Tel: Fax: BRITISH GRI 2013 BRItish GRI 2013 London, 8-9 May MIDDLE EAST GRI 2013 Middle east GRi 2013 Doha AFRICA GRI 2013 africa GRi 2013 Nairobi, June WORLD SUMMIT GRI 2013 world summit GRi 2013 CHINA GRI 2013 China GRi 2013 Chengdu, June GRI EUROPE SUMMIT GRi europe summit 2013 Paris, September

16 GOLD SPONSOR SILVER SPONSOR EUROPE ACADEMIC, INDUSTRY & MEDIA PARTNERS Event New Europe GRI 2012 Group New Europe GRI #newgri facebook.com/globalrealestate.org