HOUSING FOR SENIORS FUNDS-LOCAL GOVERNMENTS-DEVELOPERS. Growing challenge for public and private sectors



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HOUSING FOR SENIORS FUNDS-LOCAL GOVERNMENTS-DEVELOPERS Growing challenge for public and private sectors Krakow, City Council Chamber Plac Wszystkich Świętych 3-4, 27-28 June 2013

Table of Contents day I 27.06 day II 28.06 Senior housing - Introduction 3 Conference goals 4 Introduction to the conference 5 SESSION I Social economy and senior housing 6 SESSION II Approaching the problem internationally 7 SESSION III International examples 8 SESSION IV Finacing sources 8 SESSION V Our future next steps 9 SESSION VI Markets, experiences, opportunities 9 SESSION VII How to finance investments 10

Senior housing - wprowadzenie «back to contents Senior housing Housing for seniors, usually those over 50. This type of dwellings / homes usually contains access to one or more amenities facilitating indepe-ndent and dignified life in advanced age (eg. meals, cleaning, care, transport, socializing, laundry, care-taking). Safe and long-term inve-stment form drawing increasing interest in the world coping with the issue of aging populations. Why is it worth discussing it? Why is it worth attending? Wprowadzenie oraz cele konferencji Within 20 years one of four citizens of Poland will be over 65 years. According to Central Statistics Office by 2060 there will be 3 working persons per 2 retired, and the number of people over 80 will be four to five times higher. Caring for seniors will increase till 1.1% of GDP, and total annual costs of health and social protection will amount to 15 billion EUR. During the coming decade Polish society will confront for the first time a situation, where senior citizens will be able to find for themselves appropriate housing solution. Large part of the active and healthy seniors will want to continue living separately and independently, but in special estates or homes facilitating their daily dignified existence. This is their needs we want to discuss and, as practitioners of real estate market, we want to address these needs.

Cele konferencji Conference goals «back to contents 1) Undertake first debate in Poland on senior housing 2) Formulation of conclusions for senior housing projects 3) Learning about international experiences 4) Working out solutions for the public and private sectors 5) Facilitating of contacts among senior housing stakeholders

Program, Day I (1/5) INTRODUCTION TO THE CONFERENCE 9.30 10.00 Participants registration 10.00 10.15 Official Opening Marek Sowa, Marshal of Małopolskie Voivodiship 10.15 10.30 Introduction to conference program dr Małgorzata Jantos, Vice Chair of Kraków City Council and Jacek Kolibski, President of European Property Institute 10.30 10.45 Ageing in the context of senior housing Prof. dr hab. Stanisława Golinowska, Uniwersytet Jagielloński, CASE We also invite you to take part in:! Organized trip to one of the senior housing projects in Kraków. If you wish to take part to this trip may we kindly ask you to sign up when registrating for the conference and/or on the application form.

Program, Day I (2/5) SESSION I - Social economy and senior housing 10.45 12.00 Moderator: Prof. Stanisława Golinowska Uniwersytet Jagielloński, CASE Introduction of the Session Dr Ing Luciano Capaldo, Euroconsultancy RE Social housing important and rewarding investment to all of us Dr Sergio Urbani, CDP Investimenti The issue of housing adapted to the needs and comfort of residents over 60 is to be debated in one of the most prestigeous conference facilities Kraków City Hall. Our meeting is to be a platform for exchange of experience and ideas for local governments, investment funds and residential developers. World Bank Report From Red to Grey Jacek Wojciechowicz, European Property Institute Creating good housing conditions for seniors citizens in practical terms Prof. dr hab. arch. Hanka Zaniewska, Institute of Urban Development 12.00 12.15 Coffee Break

Program, Day I (3/5) SESSION II Approaching the problem internationally 12.15 13.45 Moderator: Dr. Krzysztof Skalski Jagiellonian University A need for city policies evaluation of project Senior-friendly places Dr Małgorzata Jantos, Kraków City Council Situation in Poland, Germany and in the UK Sylwia Kurowska i Alicja Nastał, Jagiellonian University - Alternative approaches in Austria and Germany Dr Wolfgang Amman, Institut fur Immobilien, Bauen und Wohen, Austria Population ageing present both challenges and opportunities. If we do not adapt and act, a strain to the pension and social security systems will be unavoidable. Societies that adapt to this changing demographic can reap a sizeable longevity dividend, and will have a competitive advantage over those that do not. Luciano Capaldo, architect and entrepreneur active in Poland. Older people s housing in England Michael Lee, Consultant, UK 13.45 14.15 Lunch break

Program, Day I (4/5) Program, Day I (5/5) SESSION III International examples 14.15 15.30 Moderator: Greta Garniss European Property Institut, Cracow University of Economics USA Katarzyna Mroczek, European Property Institut SESSION IV Finacing sources 16.00 17.30 Moderator: Bolesław Meluch Vice President of European Property Institute, Board Advisor to the Association of Polish Banks Senior housing financial conditions for investment by funds - Bolesław Meluch, see above Switzerland Patricia Beckham, Consultant, Switzerland Italy Prof.ssa Arch. Marzia Morena, FRICS, Politecnico di Milano 1 ª Facolta di Architettura Slovenia Barbara Cernic Mali, Urban Planning Institute of the Healthcare services for seniors financed by public means Elżbieta Fryźlewicz-Chrapisińska, National Health Fund Małopolska division Reverse annuity mortgage enhancement of seniors financial situation Agnieszka Wachnicka, The Ministry of Finance 15.30 16.00 Republic of Slovenia Coffee Break 17.30 18.00 Summary panel Feedback from the first day of conference will be discussed by: Chair - Dr Władysław Jan Brzeski Dr Ing. Luciano Capaldo Prof.dr hab. Stanisława Golinowska Greta Garniss, Jacek Kolibski, Bolesław Meluch, Dr hab. Krzysztof Skalski

Program, Day II (1/3) Program, Day II (2/3) SESSION V Our future next steps SESSION VI Markets, experiences, opportunities 09.00 10.30 Moderator: Jacek Kolibski European Property Institute 11.00 13.00 Moderator: Kazimierz Kirejczyk REAS, European Property Institute What is missing to create State policy towards senior housing Kazimierz Jurek, European Property Institute Senior housing market in Poland research for potential investors Maximilian Mendel, REAS Satisfying seniors housing needs dilemmas and changing of directions Experience of TBS in senior housing conclusions for further development Dr Maria Zrałek, Private University Humanitas in Sosnowiec, Poland Piotr Mync, President of TBS in Stargard Szczeciński, Poland (Social Housing body) 10.30 11.00 Demographic of Seniors in Poland and how it relates to housing Greta Garniss, European Property Institut, Cracow University of Economics Coffee Break Revitalization together experience in housing for seniors Grażyna Szotkowska, TBS in Szczecin Senior housing opportunity for reforming housing cooperatives Dr Jerzy Jankowski, Chairman of AGM- Cooperative Housing Council 13.00 14.00 Lunch break

Program, Day II (3/3) Organizers and Partners SESSION VII How to finance investments Honorary Patronage: 14.00 15.15 Moderator: Dr Władysław Jan Brzeski European Property Institute How to attract Polish funds to invest into senior housing? Michał Pająk, TFI Skarbiec SA, Department of Funds Management Role of developers in adapting buildings for seniors Ben Ellis, Charter Hall Rada Miasta Krakowa Organizers: 15.15 15.45 Financing of senior housing projects Dr Ing Luciano Capaldo, Euroconsultancy RE Summary panel Discussion on conclusions of the second day: Chair - Dr Ing Luciano Capaldo Dr Władysław Jan Brzeski Jacek Kolibski Kazimierz Kirejczyk Kazimierz Jurek Primary partners: Media partners: