The Barcelona Funds Meeting

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1 30-31 October 2014 The Funds Meeting At the Meeting Point s Symposium 2014 Main Sponsors: Sponsors: Co-Organized by:

2 30 October 16:30 17:30 Sovereign Wealth Funds: White Sharks or White Knights? Analysis of the ESADEgeo s Report on Sovereign Funds and the Property Sector In recent years we have seen growing state funds investing in real estate outside of their local market and beyond their traditional safe places like London and New York. This is a new type of investor that until just 10 years ago represented a singularity and has now come not only to stay but to become a key player in the real estate sector. PNB, EPF, KIA, QIA, ADIA, IPIC, Temasek, GIC, CIC, HKIA, SABA,... they are all sovereign wealth funds, the highest link in the investment chain that have taken advantage of the recession years to play his position and play his new role structuring sophisticated vehicles. Also, Sovereign funds in many cases represent interests that go beyond the real estate rationality making difficult to analyze and understand their investor appetite from the same perspective of the sector and the traditional institutional investor. In this session we will teach the parameters to be analyzed to understand their strategies and investment patterns of their different profiles SWFs, while we discover their future trends and their investor appetite for 2014/2015. We will discuss issues such as different profiles of Sovereign Funds and their global strategies, comparison between Sovereign Funds and other Institutional Investors, are still currently Core assets their goals? What are the trends? What is the appetite that SWFs have for Europe and Spain? Speakers Xavier Reig & Co-Founder Black Capital Borja Goday Director of Corporate Finance, Financial Institutions Group & Real Estate Advisory Gustavo Martínez Zamora Vice President Drago Capital Javier Santiso Vice President ESADEgeo

3 30 October 18:00-19:30 Reviewing The Relationship of Spanish Banks, SAREB and Public Administrations with International Investors. How to Translate It into More and Better Deals The huge international capital flows towards investment funds has had a significant impact on Spain. Those investors have found in Spain, and especially in the real estate sector (both for lending and equity), an appropriate and quite attractive place where channel a part of the obtained funds. And it is expected that, after those broad investors, the largest and leading property-specializing funds also return to Spain. The must be counterparts for such international investors are the major Spanish real estate and debt operators, led by the banks and the SAREB. The early years of the relationship between those asset sellers and international investors have not been as easy as priory envisioned. A positive element though, it has been is that both sides have learned from their mistakes and successes. This session will deal with: 1) the main teachings from these first years of relationship, 2) how to facilitate the execution of transactions, 3) how to take advantage of the partnerships already in place, and 4) what the forecasts are for the near future. SPEAKERS Jose Luis Suárez Professor IESE Jaime Echegoyen SAREB Remigio Iglesias Grupo Santander Javier López Torres Partner Real Estate Advisory Miquel Montes Banc Sabadell José Luis Moreno of Property Assets Region of Agustín Vidal-Aragon BBVA Real Estate

4 31 October 09:30-10:30 BREAKFAST Outlook On The Spanish Economy Introduction Manuel Pérez Deupty Director & Chief of Economy La Vanguardia Keynote Speaker Íñigo Fernández de Mesa Secretary of Economy Government of Spain 11:00-12:15 New Listed Property Companies: Challenges and Opportunities Fundamentals seem to draw the end to the crisis and the beginning of a new cycle. Spain is back in the radar of international investors and, what s more important, long money is seeking listed platforms from which to play in the recovery cycle. In this session, a group of main players will share their past experiences and their forecasts for this new period: Colonial as the main owner of offices and the company which has carried out the largest public offering; and Hispania and Merlin Properties as recently established listed SOCIMIs; and Philip Charls, of EPRA, representing the association of European listed property companies. Speakers Enrique Martínez-Laguna Vice President CBRE Spain Ismael Clemente Executive Chairman & Merlin Properties Emilio Miravet Partner - Corporate Finance FIG & Real Estate Advisory Luis Pereda Executive Chairman Grupo Lar Pere Viñolas Inmobiliaria Colonial

5 31 October 12:30-13:45 Servicers: Just New Agents or The Origin of Future Real Estate Companies? The servicers together with the most relevant consultants have already become the real experts and operators of the market. Some as service provider to an one-only client, normally a bank, and others as multi-client platforms with Sareb or a bank as flagship. Insomuch as their leading shareholders (funds) acquire additional asset portfolios, their priority may shift to the management of these new assets. If purchases of assets take place under syndicated funds deals, will we see servicers merge? Will servicers merge with consultants? Will these management platforms (servicers/consultants) acquire assets directly becoming thus the seed of the large real estate companies of the future? Will then they be listed on the Stock Exchange? SPEAKERS Eduard Mendiluce President Club Inmobiliario ESADE Enrique Dancausa Aktua Francisco Javier de Oro-Pulido Director of Real Estate Assets Aliseda Feliu Formosa Executive Financial Director Servihabitat Javier García del Río Solvia Andrés Ribón Partner- Corporate Finance Juan Francisco Vizcaíno Co-Founder of HipoGes Iberia

6 BARCELONA MEETING POINT 2014 October 30 th & 31 st, 2014 Registration Form Funds Meeting Full Name Company Address With this registration you will also have access to The Investors Business Lounge, Professional Exhibition, and General Attendance Exhibition City ZIP Code Credit Card Funds Meeting Title VAT Nº 550 Euros + 10% VAT = 605 Euros 20% discount for members of the following associations: ESADE Membership Number Cardholderʼs Name (The name must be at it appears in the credit card) 440 Euros + 10% VAT = 484 Euros Telephone IESE Membership Number Choose your payment option and send this sheet to or to VISA AMEX Master Card Credit Card Nº Expiry Date: Signature: Meeting Point. Calle 60, nº , España. Tel Fax Bank Transfera: B.M.P., Meeting Point, S.A.U. La Caixa. Paseo de la Zona Franca, Spain IBAN Code ES Swift Code: CAIXESBBXXX Cancellation Policy: No refund Once the registration has been purchased, cancellations are non-refundable. REGULATION OF PERSONAL DATA: In compliance with the Spanish Law 15/1999 of December 13th regulating the treatment of personal data, the information submitted will be added to B.M.P. Meeting Point, S.A.U. database and it may be used for its business activity, maintaining its business relations and inform you of our services and activities through postal mail, and/or fax. If you do not wish to give us your consent to keep you informed of our business activities and services please mark the box. You also authorize B.M.P. Meeting Point, S.A.U to give your information to our collaborating entities of the real estate, construction, urbanism, financial and communications sectors, with the purpose to send you information regarding its services and products through postal mail, and/or fax. If you do not wish to give us your consent, please mark the box. At any time, the applicant will have the right to access, modify, cancel and deny the use of these data by addressing the claim to BMP Calle 60, nº 19, 6th Floor. Polígono Industrial Zona Franca Phone ; Fax:

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