FT PROPERTY SUMMIT 2013 Strategies and Forecasting in a Challenging Investment Climate 25 September 2013 | Millennium Hotel London Mayfair LONDON SPEAKERS INCLUDE: Martin Wolf, CBE, Chief Economics Commentator, Financial Times Martin Healy, Global Head of Real Estate Investments, Canada Pension Plan Investment Board Dr Gerard Lyons, Chief Economic Advisor, Mayor of London’s Office Irvine Sellar, Chairman, Sellar Property Group Chair: Ed Hammond, Property Correspondent, Financial Times EARLY BOOKER RATES AVAILABLE www.ft-live.com/property Associate sponsors FT Property Summit 2013 Strategies and Forecasting in a Challenging Investment Climate The FT Property Summit, now in its tenth year, has become established as the premium gathering for senior investors, occupiers, lenders and developers from around the world. This year’s Summit will once again provide a timely opportunity for leading global market participants to come together and discuss the latest investment opportunities and challenges. The Summit will analyse how investors are looking to diversify and strengthen their portfolios, whilst global economies continue to ride out the storm and chart a smooth path to recovery. WHO SHOULD ATTEND Pension funds, Insurance companies, Real Estate Investment Trusts (REITs), Investment managers and advisors, Investment banks, Property developers, Asset managers, Chartered surveyors, Estate agents, Property services providers, Accountancy practices, Law firms PREVIOUS ATTENDEES INCLUDE Allianz Real Estate, AM alpha, Amundi RE, APN Property Group, Brookfield Developments, Canary Wharf Group, Capco, CarVal Investors, CBRE, Citygrove Securities, Colliers International, Corestate Capital, Deutshe Bank, Deutsche Pfandbriefbank, Erste Group, Eurohypo, Gensler, Goldman Sachs, Great Portland Estates, Hammerson, Hermes Real Estate, Hines, Jones Lang LaSalle, Land Securities, Landesbank, Mitsui Fudosan, Orion Capital Managers, PRUPIM, Qatari Diar, Rockspring, Royal & Sun Alliance Insurance, Royal Bank of Scotland, Scottish Widows Investment Partnership, Stanhope, The British Land Company, The Co-operative Financial Services, TriGranit Development Corporation, Union Investment Real Estate, Wates Construction, Willis …and many more Irvine Sellar, Chairman, Sellar Property Group Irvine Sellar, Chairman, Sellar Property Group SUMMIT AGENDA Chair’s Opening Remarks Ed Hammond, Property Correspondent, Financial Times Macroeconomic Keynote with Q&A Martin Wolf CBE, Chief Economics Commentator, Financial Times Panel Session – Regulation & Policy Analysis The long lasting economic downturn has had a significant impact on the property market, with gross lending figures in the UK having halved since they were recorded at £80bn in 2007. The need to build greater resilience in the financial system, has led to regulatory reform including Basel III for the banking sector, which will impact on the funding available for new deals. Understanding the effect of new regulation, and future economic growth forecasts, will be essential for investors as they look to make important strategic decisions. Dr Gerard Lyons, Chief Economic Advisor, Mayor of London’s Office Martin Wolf CBE, Chief Economics Commentator, Financial Times Philip Booth, Professor of Insurance and Risk Management, Cass Business School and Editorial Director, Institute of Economic Affairs Networking Coffee Break SESSION TWO – LONDON, EUROPE & THE NORDICS Panel with Q&A – The City of London The City of London has been viewed as something of a safe haven by embattled investors who are looking to steel their portfolios against tough conditions. This influx of overseas investment, often described as a ‘flight- to-quality’, has seen a number of international investors snapping up much of London’s prime real estate. The panel will analyse what makes the City of London such an attractive investment destination, and assess how it compares to other cities. Catherine Cook, Partner, Clifford Chance Anne Kavanagh, Global Head of Asset Management and Transactions, AXA Real Estate CHAIR: Ed Hammond, Property Correspondent, Financial Times Irvine Sellar, Chairman, Sellar Property Group Irvine Sellar, Chairman, Sellar Property Group SUMMIT AGENDA Panel with Q&A – UK, Europe & The Nordics The gap between Northern and Southern Europe has widened dramatically during the recession. Further evidence of the South’s decline can be seen when comparing it with the Nordics, where international investors see plenty of opportunity for safety and high yields. Will the South ever recover or is this divide now too big? What role are Germany and France playing in the commercial property space? How hard is it for international investors to penetrate Nordic markets? Liz Peace CBE, Chief Executive Officer, British Property Federation Peter Buttenschön, Chief Executive Officer, Ektornet John Slade, Chief Executive Officer, BNP Paribas Real Estate UK CHAIR: Ed Hammond, Property Correspondent, Financial Times Lunch SESSION THREE – INTERNATIONAL INVESTORS Crossrail Case Study Presentation Ian Lindsay, Land and Property Director, Crossrail New Financiers – Insurers, Private Equity, Pension Funds The traditional channels through which investors could secure funding for new deals, is likely to feel the squeeze as the banking sector has a reduced ability to provide financing due to new regulatory obligations. However, this has in-turn paved the wave for a new group of financiers to carve out a greater share of the market for themselves. How have insurance firms developed their role in recent years? What has been the impact of private equity involvement? Which pension funds are looking to provide long term funding options? Paul Wilson, Regional Director – Europe, MetLife Real Estate Investments Martin Healy, Global Head of Real Estate Investments, Canada Pension Plan Investment Board Giancarlo Scotti, Chief Executive Officer, Generali Real Estate Raffaele Costa, Chief Executive Officer and Founding Senior Partner, Tyndaris LLP CHAIR: Ed Hammond, Property Correspondent, Financial Times Irvine Sellar, Chairman, Sellar Property Group Irvine Sellar, Chairman, Sellar Property Group Networking Coffee Break SESSION FOUR Speech: The Shard - Case Study The newest iconic building on the London skyline is The Shard, which sits facing the City of London on the less-populated south side of the Thames. Its inception was the result of an international collaboration, which was forced to take a revised strategic direction as the recession started to take hold. Irvine Sellar, Chairman, Sellar Property Group Concluding Remarks Networking Drinks Reception Programme correct as of 26 June 2013. For the latest programme details visit www.ft-live.com/property FT Property Summit 2013 SUMMIT PRICING Ticket Type Fee Conference Ticket (valid until 19/07/13) £799+VAT Conference Ticket (valid from 20/07/13 to 30/08/13) £899+VAT Conference Ticket (valid from 31/08/13) £999+VAT Discounts are available when registering multiple delegates and for FT and FT.com subscribers. HOW TO REGISTER VENUE AND ACCOMMODATION W www.ft-live.com/property Millennium Hotel London Mayfair Grosvenor Square Delegate Enquiries: Mayfair T +44 (0) 20 7873 4836 London M [email protected] W1K 2HP Sponsorship Opportunities: T +44(0)20 7629 9400 T +44(0)20 7873 3262 M [email protected] What they said about the 2012 FT Property Conference… “Good subjects with great speakers who have vast experience of the market” 2012 Delegate, CBRE Global Investors “Content was very good” 2012 Delegate, British Property Federation “Expert market commentary and good networking” 2012 Delegate, FTI Consulting @FTLiveTweets #FTProperty facebook.com/FinancialTimesLive on.ft.com/linkedin.