SOLD OUT www.realestateforums.com IN 2010 CHAIRMAN Jeoffrey Chipman FEATURED SPEAKERS Winnipeg Mark Chipman Lloyd Axworthy Garth Buchko Stuart Murray Barry Rempel Real Estate Phil Sheegl Curt Vossen PRESENTERS Forum Rick Bachalo Robert Bean Ugo Bizzarri Wednesday, April 18, 2012 • Winnipeg Convention Centre Wayne Bollman Richard Brownscombe Ian Cameron Platinum Sponsors Derrick Chartier Bill Coady Remco Daal Greg Dandewich Murray DeGirolamo Michael Emory Michael Falk Bruce Hamilton Scott Hayes Dianne Himbeault Principal Sponsoring Association Chairman’s Reception David Johnson Colin Johnston William Logar John Lund Ron Margolis Armin Martens Doug McDonald Finley McEwen Martin McGarry Ross McGowan Sandy McNair Richard Morantz Bill Morrissey Mark Olson Mauro Padula Calvin Polet Kevin Pshebniski Jeff Rabb Shaun Rocan Perry Rose Wayne Sato Wes Schollenberg Scott Stephanson Michael Stronger Brian Taillieu Benjamin Tal Stephen Taylor David van der Vis Photo: Linda Barringer Chris Vodrey Eric Vogen Gold Sponsors Jeremy Wedgbury Don White Chris Wood Ken Yee FIND OUT WHY WINNIPEG CONTINUES TO OUTPERFORM OTHER CANADIAN CITIES IN THIS ECONOMY The Winnipeg Real Estate Forum will provide valuable insights on the trends, The Forum will be targeted at the interests of real estate executives, brokers, issues, strategies, and opportunities in the city located in the centre of Canada. developers, investors, asset managers, and other professionals active in the acquisition, leasing, financing, management, and marketing of office, Chaired by Jeoff Chipman, President & CEO, Stevenson Group, the conference industrial, retail, and multi-unit residential real estate. will be held on Wednesday, April 18, 2012 in the Winnipeg Convention Centre. The Winnipeg Real Estate Forum will help you determine what strategies to In 2010, the Forum was sold out with an attendance of over 465 executives – follow for the remainder of 2012 and beyond. 29% of whom were from outside of Manitoba. For 2012, the event has been moved to a larger venue. Note that the registration fee is significantly lower than other comparable events and will fit virtually every organization’s or individual’s budget. You will learn the real story about the continuing strength of the Winnipeg economy and its real estate market, and how it is performing from both a We sincerely hope you will take advantage of this informative event. leasing, development and investment perspective. The program will offer a wide range of speakers, presentations and panel Forum Chairman: discussions on the economic drivers responsible for Winnipeg’s strong GDP; the major trends in the office, industrial, retail and apartment markets; the opportunities for development activity; and key municipal planning and growth Jeoffrey Chipman management initiatives and strategies. President & CEO Stevenson Group Inc. Portfolio sponsors CONTINUING EDUCATION Law Society of Manitoba This program may be eligible for up to 7 hours of CPD. Manitoba lawyers are responsible for confirming eligibility of this conference based on Guiding Principles for Mandatory Continuing Lanyard sponsors Professional Development adopted by the Benchers - February 10, 2011. Please visit the Law Society of Manitoba website for details. www.lawsociety.mb.ca Continuing Professional Development (CPD) Credits may be available from: • Certified General Accountants Biographies sponsor Media sponsor • Institute of Chartered Accountants • Appraisal Institute of Canada • The Building Owners and Managers Association of Canada (BOMA) • The Law Society of Upper Canada Pen sponsor Mints sponsor Supporting Association MMPI Canada is solely responsible for the content of this conference. For Corporate Sponsorship Opportunities Contact Frank Scalisi at Corporate sponsors [email protected] or 416-512-3815 Winnipeg Real Estate Forum 8:35 a.m. The Future of Agribusiness and Its Importance to the Winnipeg Economy Tuesday, April 17 HOW ARE WINNIPEG LEASING AND INVESTMENT Curt Vossen, President, Richardson International Limited 6:00 pm to 7:30 pm MARKETS PERFORMING? ChairmAn’s 10:00 a.m. Reception MORNING REFRESHMENTS An overview of leasing and investment activity in Winnipeg 10:25 a.m. over 2011 and the first Quarter of 2012. Were there any benchmark leasing and investment deals during the past CONCURRENT SESSIONS (Select A1, A2 or A3) twelve months? What is the outlook for 2012 in the office, retail, industrial and multi-unit residential sectors in terms SESSION A1 of absorption rates, cap rates and potential leasing and investment activity? How do the prospective trends for IS THE WINNIPEG OFFICE MARKET DOING BETTER Networking opportunity for all Forum Winnipeg compare with other major Canadian markets? THAN YOU THINK? WHAT CAN WE EXPECT FOR delegates. Location to be finalized. Colin Johnston, President, Research, THE REMAINDER OF 2012 AND GOING FORWARD? Valuation & Advisory, Altus Group This session will examine what the future holds for the Sandy McNair, President, Altus InSite Winnipeg office market. Where are vacancy rates, cap rates and other underlying leasing and investment fundamentals Wednesday, April 18 heading at this time? Office space NERs tend to range from $6 9:00 a.m. to $16 per square foot – among the lowest in major Canadian and North American cities. What will it take to increase these WINNIPEG’S COMPETITIVE EDGE: 7:15 a.m. rates? Are owners afraid to push rental rates even though WHAT CONTINUES TO PROVIDE THIS MARKET operating costs are considerably lower than major cities WITH VERY SUSTAINABLE GROWTH? REGISTRATION & LIGHT BREAKFAST across Canada? How are Class B and C properties performing compared to Class A? What is the outlook for demand and investment activity for the remainder of 2012 and beyond? Two essential elements found in many of today’s successful How much interest is there in greening new and existing cities are a diversified range of strong economic drivers buildings? What threat do new business parks pose to future coupled with a vibrant population and culture that inspires downtown office developments? and attracts an intellectual market of residents. So how does Moderator: 8:00 a.m. Winnipeg fare in this regard? What competitive advantage does it offer? The city has a highly educated and productive Wayne Sato, Vice President, Office, Cushman & Wakefield workforce, low cost energy, a central location with excellent WELCOME & INTRODUCTION Panel: multi-model transportation system for distribution of goods Darren Klassen, President, BOMA Manitoba to market, and a diversified manufacturing base that includes Wayne Bollman, Vice President, agri-business and aerospace among other industries. Strong Lakeview Realty of Canada Ltd. retail sales continue to grow. Winnipeg’s is experiencing OPENING COMMENTS Bruce Hamilton, President, steady job growth and unemployment rates among the lowest Royal Canadian Properties Limited Jeoffrey Chipman, President & CEO, Stevenson Group Inc. in the country. At the same time, the city provides an outstanding balance between work and quality of life and offers one of the Doug McDonald, President & CEO, 8:05 a.m. lowest overall business costs of any major Canadian centre. NewWest Enterprise Property Group Why does Winnipeg have a stable economy? What are the major drivers of employment and growth? Winnipeg’s competitive Chris Vodrey, Director of Leasing, THE ECONOMIC OUTLOOK FOR THE Morguard Investments Limited WINNIPEG MARKET advantage will be discussed in some greater depth along with the implications of the Transportation Master Plan and the Complete Communities Direction Strategy which has replaced SESSION A2 Plan Winnipeg 2020 as the official development plan managing growth and change for the city. THE CHALLENGES OF THE INDUSTRIAL Moderator: REAL ESTATE MARKET Within the Canadian context, Winnipeg has had one of the Bill Morrissey, Leader, Yes! Winnipeg best economic performances of any large city (population Winnipeg is the largest distribution centre between Vancouver over 500,000) in Canada. Since the global downturn in 2009, and Toronto. The city is at the core of both of Canada’s national Winnipeg’s has remained very stable making consistent gains Keynote Speaker: The Remaking of a Winnipeg intermodal rail systems with direct connections to the United in economic and job growth. This presentation will examine Institution and the City’s Downtown Core States via CN and CP’s American subsidiaries. Winnipeg is also the headquarters for many of the top inter-provincial the outlook of this unique market and why it continues to Lloyd Axworthy, President, University of Winnipeg enjoy a relatively low unemployment rate of 6% or less. general freight carriers in Canada and offers access to ocean ports through Churchill and Thunder Bay. But faced with the Winnipeg’s GDP is expected to expand by 2.4% in 2012 as Overview of Winnipeg’s Major Economic Drivers manufacturing shows signs of additional strength. What are current geo-economic and North American market challenges, Winnipeg’s other major economic drivers? How do the Greg Dandewich, Senior Vice President, how is the industrial real estate market performing? Where do prospects for this market compare with the outlook for other Economic Development Winnipeg Inc. vacancy rates stand? How is the battered manufacturing sector major Canadian cities? To what extent will U.S. or other geo- affecting demand for industrial space? Is this decline cyclical economic challenges affect this market? The Transportation Master Plan and Complete or structural? What