Hotel Wellington MADRID 20-21 MAY

The InauguralThe Inaugural

ESPAÑAGRI2014

M e e t t h e k e y p l a y e r s i n S p a n i s h R e a l E s t a t e C o n o c e a l o s e j e c u t i v o s m á s i n f l u y e n t e s d e l s e c t o r i n m o b i l i a r i o e s p a ñ o l

Spain • 2014’s Number One Real Estate Market for Global Investors?

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PROGRAM HIGHLIGHTS SESIONES DESTACADAS

Hotel Wellington • Calle de Velázquez, 8, 28001, Madrid - Spain

THE BIG PICTURE Opportunistic/High Return Investments - The view from the buy-side. How to get superior IRR’s?

Motivated Sellers: From distressed assets to corporate restructuringUnderstanding the needs of those who need to sell

Bank Assets - Have bank prices adjusted enough to attract investors?

SECTOR SPECIFIC ISSUESRegions: What and where to invest outside Madrid and Barcelona?

Portugal. 2nd Tier Cities. Coasts and IslandsOffi ces: The big niche - Can developers and core investors create the new product needed in CBD o� ces?

Residential - Distressed and non-prime assets: high returns at any cost?Retail - How will the retail sector evolve amid changing shopping habits?

MUTUAL ATTRACTION: FOREIGN CAPITAL AND SPANISH PARTNERSServicing & Asset Management: How is choosing and working with partners in Spain di� erent?

Joint Ventures: Partnering international and Spanish capitalHow do you decide and who should you choose?

Investment vehicles - REIT’s, Socimi’s, SII’s, FAB’s and real estate platforms: how to choose the right tax structure?

PANORAMA GENERAL Inversiones oportunistas/con elevados retornos - Desde el punto de vista del comprador. ¿Cómo conseguir altas Tasas Internas de Retorno?Vendedores Motivados: Desde los activos distressed a la reestucturación empresarial ¿Cómo entender las necesidades de los vendedores?Activos de la banca - ¿El ajuste de precios ha sido lo su� ciente grande para atraer a los inversores?

PRINCIPALES TEMAS POR SECTORRegiones: ¿Dónde y en qué invertir fuera de Madrid y Barcelona?Portugal. Ciudades secundarias. Costas e islas.Ofi cinas: El gran nicho - La gran escasez de producto de calidad en CBD - ¿Oportunidad o problema?Mercado Residencial - ¿Dónde están las oportunidades? Activos distressed – altas rentabilidades, pero ¿a qué precio?Retail - ¿Cómo cambiarán los hábitos de consumo al sector?

ATRACCIÓN MUTUA: CAPITAL EXTRANJERO & SOCIOS ESPAÑOLESServicios y Gestión de Activos - ¿Es España diferente? Principales retos y cómo elegir partnersJoint Ventures: Capital internacional y español - ¿Cómo elegir con quién invertir?Vehículos de Inversión - REIT, SOCIMI, SII, FAB y plataformas inmobilarias. ¿Cómo plani� car la estructuración � scal?

ALBAN MILLER MACKAYDirectorDEUTSCHE BANK

ALFREDO LAFFITTEHead of Portfolio Sales RE Division,Director Venta InversoresBANC SABADELL, S.A.

AREF H. LAHHAMFounding Partner & MDORION CAPITAL MANAGERS

CHRIS ZLATAREVDirectorH.I.G BAYSIDE CAPITAL

DANIEL LOUREDA LÓPEZConsejero DelegadoTESTA

DAVID M BRUSHManaging PartnerBROOKFIELD PROPERTY GROUP

Welcome to the Inaugural España GRI.

Global investors are firmly focused on Spanish real estate. Spain was voted the number one country for investment at our annual GRI Chairman´s Retreat in St. Moritz in January. Investor confidence has returned, transaction volume has risen and both Spanish and foreign investors are closing headline deals.

How to make the most of the mutual attraction between foreign capital and Spanish real estate opportunities? How difficult is it to find partners and identify opportunities? Who are the key players? Are the risk-adjusted returns in opportunistic investing attractive? Is investor confidence over exuberant and where is the exit strategy?

Find out what the key Spanish and international players think. Connect with key people and stay ahead of the field. Join us at the most senior-level real estate gathering in Spain.

I look forward to seeing you at the España GRI.

Brian BrosnanDirector de España y América LatinaGRI – Global Real Estate Institute

Henri AlsterChairmanGRI – Global Real Estate Institute

BIENVENIDO WELCOME

Bienvenido a la primera edición de España GRI.

Los inversores globales tienen el punto de mira en el mercado inmobiliario español. La confianza ha vuelto y los grandes inversores, tanto españoles como extranjeros, buscan oportunidades en España. El volumen de transacciones en 2013 fue el más alto desde 2007 y 2014 podría convertirse en un año clave.

España GRI 2014 reunirá a los principales líderes nacionales e internacionales del sector inmobiliario español. Durante años GRI ha acogido a los inversores españoles en nuestros eventos en París y Londres y ahora tenemos el gran placer de inaugurar el foro España GRI en Madrid.

Si te importa mantener relaciones de confianza y tratar los principales temas de la actualidad inmobiliaria con la élite del mercado, GRI te ofrece la oportunidad de fortalecer el networking y estrechar lazos empresariales.

Nos vemos en Madrid.

FERGUS FARRELLPrincipal, Asset ManagementAVESTUS CAPITAL PARTNERS

FERNANDO OLASOManaging PartnerALTAN CAPITAL

FRANK BILLANDMember of the Mgmt Board & CIOUNION INVESTMENT REAL ESTATE GMBH

FRASER DENTONAcquisitions DirectorUK & EUROPEAN INVESTMENTS

HUNT DOERINGPrincipalBAUPOST GROUP INTERNATIONAL

JAAP TONCKENSMember of the Management Board, Chief Financial OfficerUNIBAIL - RODAMCO

OVERVIEW SUMARIO

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... B A S E D O N T H E PA S T 3 Y E A R S AT T E N D A N C E O F G R I E V E N T S .

LPs AT RECENT GRIs WHO ATTENDS THE GRI? PARTICIPANTES DEL GRI

DIREC TOR 17%

MANAGING DIREC TOR 22%

CHAIRMAN & CEO 33%

JIM GARMANMD & Global Co-Head of Real Estate in the Merchant Banking DivisionGOLDMAN SACHS

JORGE GUARNERCEOSARQUAVITAE

JUAN BARBA SILVELADirector of Real Estate AssetsSAREB

JUAN DEL RIVEROChairmanAZORA

MEKA BRUNELExecutive Vice President, EuropeIVANHOÉ CAMBRIDGE

MIGUEL PEREDAConsejero DelegadoGRUPO LAR

RE AL ESTATE HE AD 18%

OTHERs 10%

KEYNOTE

20 MAY • TUESDAY MARTES

21 MAY • WEDNESDAY MIÉRCOLES

TIMETABLE AGENDA KEYNOTE SESIÓN DE APERTURA

13H00 Check In • Registro

14H00 - 17H15 Discussions • Debates

17H15 - 18H30 Drinks Reception • Recepción y Bebidas

20H00 - 22H00 Private Board Dinner (Invitation only - reserved for discussion co-chairs, sponsors) (Exclusivamente por Invitatión - reservado para co-chairs, patrocinadores & miembros GRI)

09H00 Check In • Registro

10H00 - 11H00 Keynote • Sesión de Apertura

11H30 - 16H30 Discussions • Debates

14H15 - 15H15 Lunch • Comida

16H30 - 17H30 Wrap-up & Drinks Reception Recepción y Bebidas

The Spanish recovery in a European and global financial context

JEAN-PHILIPPE COTIS Head of Economic Research (Group Chief Economist)BNP PARIBAS GROUP

NICOLE JUERGENSENHead of Madrid BranchHYPOTHEKENBANK FRANKFURT

PEDRO ABELLA LANGADirector EspañaSTAM EUROPE

PEDRO MANUEL SILVEIRAPresidentSIL GRUPO

STEFAN SCHOLLHead of Aquisitions & Sales, EuropeDEKA IMMOBILIEN

VANESSA GELADOManaging Director, Acquisitions & Investor RelationsDRAGO CAPITAL

ZSOLT KOHALMIHead of European AcquisitionsSTARWOOD

OPPORTUNISTIC/HIGH RETURN INVESTMENTS – The view from the buy-side. How to get superior IRR’s?INVERSIONES OPORTUNISTAS/CON ELEVADOS RETORNOS – Desde el punto de vista del comprador. ¿Cómo conseguir altas Tasas Internas de Retorno?

MOTIVATED SELLERS: FROM DISTRESSED ASSETS TO CORPORATE RESTRUCTURING Understanding the needs of those who need to sell.VENDEDORES MOTIVADOS: DESDE LOS ACTIVOS DISTRESSED A LA REESTUCTURACIÓN EMPRESARIAL – ¿Cómo entender las necesidades de los vendedores?

SYL APPSPrincipalGREENOAK REAL ESTATE UK

JAVIER BELTRANManaging Director - IberiaTHE CARLTON GROUP Spain

HUNT DOERINGPrincipalBAUPOST GROUP INTERNATIONAL UK

JIM GARMANMd & Global Co-Head of Real Estate in the Merchant Banking DivisionGOLDMAN SACHS UK

FABIAN GODBERSENPartner & Head of EuropeGROVE INTERNATIONAL PARTNERS Spain

JUAN BARBA SILVELADirector of Real Estate AssetsSAREB Spain

FERGUS FARRELLPrincipal, Asset ManagementAVESTUS CAPITAL PARTNERS Ireland

ZSOLT KOHALMIHead of European AcquisitionsSTARWOOD UK

AREF LAHHAMFounding Partner & Managing DirectorORION CAPITAL MANAGERS UK

CHRIS ZLATAREVDirectorH.I.G BAYSIDE CAPITAL UK

Syl Apps Javier Beltran Hunt Doering

Jim Garman Fabian Godbersen

Juan Barba Silvela Fergus Farrell Zsolt Kohalmi

Aref Lahham Chris Zlatarev

REGIONS: WHAT AND WHERE TO INVEST OUTSIDE MADRID AND BARCELONA?Portugal. 2nd Tier Cities. Coasts and Islands.REGIONES: ¿DÓNDE Y EN QUÉ INVERTIR FUERA DE MADRID Y BARCELONA?Portugal. Ciudades secundarias. Costas e islas.

ANTONIO GIL MACHADODirector, FricsVIDA IMOBILIARIA Portugal

JAVIER RICOTEDirector Real Estate & TourismCAIXABANK Spain

MARKUS SCHMITT-HABERSACKDirector Mergers & AcquisitionsECE PROJEKTMANAGEMENT Germany

Antonio Gil Machado Javier Ricote Markus Schmitt-Habersack

All material throughout this brochure is subject to change without notice.

Los grupos de debate tienen lugar simultáneamente en las distintas salas Group discussions run concurrently, several going on at the same time in separate rooms

DISCUSSIONS DEBATESFor program updates please visit website

SERVICING & ASSET MANAGEMENT – How is choosing and working with partners in Spain different?SERVICIOS Y GESTIÓN DE ACTIVOS – ¿Es España diferente? Principales retos y cómo elegir partners.

PETER BRIGHAMManaging DirectorROUND HILL CAPITAL UK

LORENZO CASTILLAReal Estate Services DirectorTESTA Spain

MARTA CLADERAHead of Portfolio ManagementTIAA HENDERSON REAL ESTATE Spain

PETRA FISHERTSenior Vice PresidentTRIMONT REAL ESTATE ADVISORS Netherlands

JACOB LYONSManaging DirectorCR INVESTMENT MANAGEMENT UK

JAMES TURNERDirectorBALMAIN ASSET MANAGEMENT UK

Peter Brigham Lorenzo Castilla Marta Cladera

Petra Fishert Jacob Lyons James Turner

DEBATES DISCUSSIONS

Todo el material de este folleto está sujeto a la posibilidad de cambio sin previo aviso.

SPANISH INVESTORS: DO THEY EXIST? – Meet the key Spanish investors setting the pace.INVERSORES ESPAÑOLES: ¿EXISTEN? – Conoce a los players nacionales que marcan tendencia.

MANUEL GUILLÉNChief Executive Offi cerMEDITERRANEAN CAPITAL MANAGEMENT Spain

VÍCTOR IBORRAAcquisitions & DevelopmentMERIDIA CAPITAL Spain

FERNANDO OLASOManaging PartnerALTAN CAPITAL Spain

DAVID RICOHead Real Estate & TourismCAIXABANK Spain

Manuel Guillén Víctor Iborra

Fernando Olaso David Rico

HOTELS – A tale of two cities or should you look beyond Madrid and Barcelona? Urban hotels vs. resorts.HOTELES – ¿Es cosa de dos? Madrid, Barcelona y más allá. Hoteles urbanos vs. resorts.

ARTURO DIAZDirector General de NegocioINMUEBLES CASACUBERTA Spain

GONZALO SANTOSPrincipalTPG UK

MANFRED VAN SASSESenior DirectorEVENT HOLDING Germany

Arturo Diaz Gonzalo Santos Manfred Van Sasse

THE FUTURE OF LENDING – Where will debt finance come from?EL FUTURO DE LA FINANCIACIÓN – ¿De dónde vendrá?

BARCELONA – Strong brand and international outlook - how does this translate into investment opportunities?BARCELONA – Una ciudad de marca internacional - ¿favorece las oportunidades?

RAMON CAMINA-MENDIZABALManaging DirectorGOLDMAN SACHS UK

MICHAEL EISENKOLBDirector Special Property FinanceAAREAL BANK Germany

NICOLE JUERGENSENHead of Madrid BranchHYPOTHEKENBANK FRANKFURT Spain

ALBAN MILLER MACKAYDirectorDEUTSCHE BANK UK

RAHUL SULEExecutive DirectorJ P MORGAN UK

ALFONSO FERNÁNDEZ-PUEBLAPartner of the Department of Real EstateGÓMEZ-ACEBO & POMBO Spain

CRISTINA BADENESSenior Director - Institutional Relations & ResearchMERIDIA CAPITAL Spain

JAVIER CORNEJOFounder, PresidentCORNEX CAPITAL Spain

GREGG GILBERTHead of IberiaBENSON ELLIOT UK

Ramon Camina-Mendizabal

Rahul Sule

Michael Eisenkolb

Nicole Juergensen Alban Miller Mackay

Alfonso Fernández-Puebla

Cristina Badenes Javier Cornejo Gregg Gilbert

OFFICES: THE BIG NICHE – Can developers and core investors create the new product needed in CBD offices?OFICINAS: EL GRAN NICHO – La gran escasez de producto de calidad en CBD - ¿Oportunidad o problema?

PEDRO ABELLA LANGADirector EspañaSTAM EUROPE Spain

RAFAEL AVILÉSCountry PartnerARES MANAGEMENT LTD Spain

OLIVIER CRAMBADEConsejero DelegadoTHERUS INVEST Spain

PHILIP LA PIERREHead of Investment Management EuropeUNION INVESTMENT REAL ESTATE GMBH Germany

ADRIEN BLANCChief Investment Offi cerEUROSIC France

Pedro Abella Langa Adrien BlancRafael Avilés

Olivier Crambade Philip La Pierre

All material throughout this brochure is subject to change without notice.

DISCUSSIONS DEBATES

BANK ASSETS – Have bank prices adjusted enough to attract investors?ACTIVOS DE LA BANCA – ¿El ajuste de precios ha sido lo suficiente grande para atraer a los inversores?

IVAN AZINOVICPartnerGÓMEZ-ACEBO & POMBO Spain

MEKA BRUNELExecutive Vice President, EuropeIVANHOÉ CAMBRIDGE France

ANA ESTRADAReal Estate Associate SpainGOLDMAN SACHS UK

ALFREDO LAFFITTEHead of Portfolio Sales RE Division,Director Venta InversoresBANC SABADELL, S.A. Spain

Ana EstradaIvan Azinovic Meka Brunel Alfredo Laffi tte

RESIDENTIAL – Distressed and non-prime assets - high returns at any cost?MERCADO RESIDENCIAL – Activos distressed - altas rentabilidades, pero ¿a qué precio?

DAVID BOTIN COCIÑADirectorACR PROMOCIÓN Spain

PHILIPPE CAMUSCEOSHAFTESBURY ASSET MANAGEMENT GROUP Luxembourg

CRISTINA GARCIA-PERIManaging Director, Business Development & IRAZORA Spain

MIGUEL PEREDAConsejero DelegadoGRUPO LAR Spain

RALPH WINTERFounderCORESTATE CAPITAL AG Switzerland

RAFAEL GONZÁLEZ-COBOSPresidenteGRUPO INMOBILIARIO FERROCARRIL Spain

David Botin Cociña Philippe Camus Cristina Garcia-Peri

Miguel PeredaRafael González-Cobos Ralph Winter

LAND AND NEW DEVELOPMENT – Where are the opportunities and what are the prospects?PROMOCIÓN INMOBILIARIA – ¿Dónde están las oportunidades?

FRANCISCO SANTIAGO MARCOSConsejero DelegadoACR GRUPO Spain

PEDRO MANUEL SILVEIRAPresidentSIL GRUPO Portugal

Francisco Santiago Marcos Pedro Manuel Silveira

DEBATES DISCUSSIONS

Todo el material de este folleto está sujeto a la posibilidad de cambio sin previo aviso.

Juan Jose Cercadillo Calvo

JUAN JOSE CERCADILLO CALVODirector GeneralHERCESA MANAGEMENT, OBRAS Y SERVICIOS, S.L. Spain

RETAIL – How will the retail sector evolve amid changing shopping habits?RETAIL – ¿Cómo cambiarán los hábitos de consumo al sector?

DILIP KHULLARManaging DirectorCADENA GROUP Spain

JOSE ANTONIO RAMIREZ-ESCUDEROPresidenteINMOBILIARIA BILBAINA Spain

JAAP TONCKENSMember of the Management Board, Chief Financial Offi cerUNIBAIL - RODAMCO France

Dilip Khullar Jose Antonio Ramirez-Escudero Jaap Tonckens

JOINT VENTURES: PARTNERING INTERNATIONAL AND SPANISH CAPITAL How do you decide and who should you choose?JOINT VENTURES: CAPITAL INTERNACIONAL Y ESPAÑOL ¿Cómo elegir con quién invertir?

DAVID FINKELManaging DirectorTALUS REAL ESTATE Spain

VANESSA GELADOManaging Director, Acquisitions & Investor RelationsDRAGO CAPITAL Spain

MANUEL ANGEL JOVE SANTOSVice ChairmanINVERAVANTE Spain

FELIX LLORENTE SANZCEO – General Manager & Head of Real Estate Wilcox GroupWILCOX Spain

DANIEL LOUREDA LÓPEZConsejero DelegadoTESTA Spain

CARLOS PORTOCARREROPartnerCLIFFORD CHANCE Spain

David Finkel Vanessa Gelado Manuel Angel Jove Santos

Felix Llorente Sanz Carlos PortocarreroDaniel Loureda López

CORE INVESTMENTS – Who is bucking the opportunistic trend?INVERSIÓN EN ACTIVOS CORE – ¿Quién nada contra corriente?

MANUEL MARTINDirector, Spanish BranchTIAA HENDERSON REAL ESTATE Spain

STEFAN SCHOLLHead of Aquisitions & Sales, EuropeDEKA IMMOBILIEN Germany

FRANK BILLANDMember of the Management Board & CIOUNION INVESTMENT REAL ESTATE GMBH Germany

DAVID BRUSHManaging PartnerBROOKFIELD PROPERTY GROUP UK

Frank Billand David Brush

Manuel Martin Stefan Scholl

All material throughout this brochure is subject to change without notice.

DISCUSSIONS DEBATES

INVESTMENT VEHICLES – REIT’s, Socimi’s, SII’s, FAB’s and real estate platforms: how to choose the right tax structure?VEHÍCULOS DE INVERSIÓN – REIT, SOCIMI, SII, FAB y plataformas inmobilarias. ¿Cómo planificar la estructuración fiscal?

ALFONSO BENAVIDESGlobal Head of Real EstateCLIFFORD CHANCE Spain

JUAN DEL RIVEROChairmanAZORA Spain

FRASER DENTONAcquisitions DirectorUK & EUROPEAN INVESTMENTS UK

Alfonso Benavides Juan Del Rivero Fraser Denton

DE-STRESS: RESORTS & 2ND HOMES – Quality assets or high returns - can you have both? Prime residential, coastal and lifestyle real estate.DEJANDO EL ESTRÉS: RESORTS Y SEGUNDAS RESIDENCIAS – Activos de calidad o altos retornos - ¿se pueden tener ambos?

XABIER BARRONDODirector General De NegocioGRUPO GMP Spain

RAMÓN LUENGODirector General – Managing DirectorSOTOGRANDE Spain

JORDI ROBINAT CATALÁChairmanARUM GROUP Spain

JON SCHAUDERDirector Business DevelopmentTROON GOLF Switzerland

JULIO DELGADOCEOPGA CATALUNYA RESORT Spain

Xabier Barrondo Ramón Luengo

Jordi Robinat Catalá

Julio Delgado

Jon Schauder

NICHE ASSETS: TOMORROW’S CORE? – Student accommodation. Retirement homes and villages. Social housing.ACTIVOS ALTERNATIVOS – Residencias de estudiantes, viviendas sociales y residencias de ancianos: Nichos que se están convirtiendo en productos muy demandados.

CORNÉ KOPPELAARInternational Housing Director SAVILLS UK

GIL SUMMERSFounderSUMMERS VILLAGES Spain

JORGE GUARNERCEOSARQUAVITAE Spain

Corné Koppelaar Gil Summers Jorge Guarner

DEBATES DISCUSSIONS

Todo el material de este folleto está sujeto a la posibilidad de cambio sin previo aviso.

SPONSORS PATROCINADORES

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.

CONTACT:

Kerisia Powell • kerisia.powell@globalrealestate.org | Tel: +44 20 7121 5083

Cliff ord Chance is one of the world’s leading law fi rms, with 36 offi ces in 26 countries. We have worked in Spain for over 30 years. Our participation in the highest profi le matters and our wide transactional experience have positioned our team at the top of the market, combining our well-established international presence with deep local knowledge.

Laura Álvarez Ferro Marketing & Communications CoordinatorTel +34 91 590 75 00laura.alvarez@cliff ordchance.com

Almudena Rodríguez Business Development ManagerTel +34 91 590 75 00almudena.rodriguez@cliff ordchance.com

Iván Azinovic Head of the Real Estate, Property Development and Planning AreaTel +34 91 582 91 00iazinovic@gomezacebo-pombo.com

Alfonso Fernández-Puebla Partner of the Real Estate, Property Development and Planning AreaTel +34 91 582 91 00afernandezp@gomezacebo-pombo.com

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Gómez-Acebo & Pombo is an independent Iberian law fi rm. We provide fi rst rate value to our clients through innovative, practical and successful legal strategies.Sources say: “Responsive, well co-ordinated and really understands its clients”. “Knows how to move around in an international context”. The Chambers Europe. Real Estate.

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www.cliff ordchance.com

www.gomezacebo-pombo.com

Tel: +44 20 7121 5060 Fax: +44 20 7388 8740 info@globalrealestate.orgwww.globalrealestate.org

#EspanaGRI @realestateGRI

España GRI Network – Global Real Estate Institute

facebook.com/globalrealestate.org

BUILD YOUR GLOBAL NETWORK

- BUILD YOUR BUSINESS

GRI meetings provide a forum for the world’s leading real estate players to develop

valuable relationships, fi nd new business partners, and strengthen their global networks.

Los encuentros de GRI ofrecen el foro ideal para que los actores líderes del sector inmobiliario de todo el mundo establezcan relaciones valiosas, encuentren nuevos socios comerciales y fortalezcan sus redes de relaciones globales. GRI

REAL ESTATE MARKETING 2014

GRI REAL ESTATE MARKETING 2014São Paulo, 1-2 October

New EuropeGRI2014

NEW EUROPE GRI 2014Warsaw, 26-27 November

AFRICAGRI2014

AFRICA GRI 2014Nairobi, 18-19 June

BRITISH GRI 2014 London, 29-30 April

BRITISHGRI2014

ASIA GRI2015

ASIA GRI 2015HK, coming soon

CHINAGRI CHINAGRI CHINA

2014

CHINA GRI 2014Shanghai, 10-11 September

INDIA GRI 2014 Mumbai, 7-8 October

INDIA GRI2014

DEUTSCHEGRI2014

DEUTSCHE GRI 2014Frankfurt, 7-8 May

BRitish Residential

GRI2014

BRITISH RESIDENTIAL GRI 2014London, 10-11 December

LATINAMERICAGRI2015

LATAM GRI 2015coming soon

GRI EUROPE SUMMIT 2014 Paris, 17-18 September

GRI EUROPE SUMMIT 2014

RUSSIA GRI 2014 Moscow, 14-15 October

RUSSIA

GRI2014

ESPAÑAGRI2014

ESPAÑA GRI 2014Madrid, 20-21 May

TURKEY

2015TÜRKİYE

GRITURKEY GRI 2015Istanbul, January

GRI Deutsche Residential 2014

GRI DEUTSCHE RESIDENTIAL 2014Berlin, 24-25 September

BRAZILGRI2014

BRAZIL GRI 2014Sao Paulo, 15-16 October

GRI LOTEAMENTOS & COMUNIDADES PLANEJADAS2014

BRAZIL PLANNED COMMUNITIES GRI 2014 São Paulo, 20-21 May

MEXICOGRI2015

MEXICO GRI 2015coming soon

Notas de Inscripción

Cheque • Una tasa adicional de 75€ será aplicable para el pago vía cheque y otros métodos de pago diferentes a tarjeta de crédito. Pagar a “GRI”. Dirección para envío del cheque y formulario de inscripción: GRI, 10 Melton Street, London, NW1 2EB, UK.Pago en el día del evento • Se aplicará una tasa adicional de 125€ a las inscripciones pagadas (en efectivo o tarjeta de crédito) el día del evento.

Términos y Condiciones

El cobro será efectuado al recibir el formulario correctamente cumplimentado. El valor de inscripción debe ser pagado en su totalidad antes del evento. En caso contrario, no se permitirá la entrada al evento.La confirmación de inscripción será enviada una vez recibido el pago. Si no recibe la confirmación en 7 días después del envío de su inscripción, por favor contáctenos para confirmar su reserva.Tanto la cancelación como la transferencia de la inscripción a un colega deberá efectuarse por escrito. La transferencia integral a un colega se puede efectuar en cualquier momento. Se aplicará un reembolso del 90% para aquellas cancelaciones recibidas antes del 11 de abril. Lamentamos informarle que no se efectuará ningún reembolso para las cancelaciones recibidas después de esa fecha.

Lugar

HOTEL WELLINGTONCalle de Velázquez, 8, 28001, Madrid - Spain

Reserva: Tarifas preferentes GRI (Sólo para reservas directas, no a través de agencia). Tarifas a partir de €150 por una noche (sujetas a disponibilidad).Cuando hagas la reserva,indica como referencia: GRI. El coste del hospedaje no está incluido en el registro del evento. Por favor, reserva directamente con el hotel. Para descargar una copia de la hoja de reserva visite: www.globalrealestate.org/Espana2014/Venue

Idiomas

Los debates son en Inglés. La traducción simultanea estará disponible para algunas de las sesiones, pero no para todas las sesiones de debate.

Registration Notes

Cheque • Cheque and methods of payment other than credit cards incur an additional €75 charge. Payable to “GRI”. Mail cheque to: GRI, Walkden House, 10 Melton Street, London, NW1 2EB, UK.Onsite Registrations • Onsite Registrations paid in cash or credit card will be charged €125 more than otherwise applicable fee.

Terms and Conditions

Delegate fee must be paid in full prior to event or admission is regrettably not possible.Confirmation will be sent on receipt of payment. If you have not received confirmation within 7days of registration, please contact us to confirm your booking.Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possible at any time. 90% refund will apply if cancellation notice is received by 11 April. We regret no refunds are possible for cancellations received thereafter.

Venue

HOTEL WELLINGTONCalle de Velázquez, 8, 28001, Madrid - Spain

Reservation: GRI Preferential Room Rate for attendees (Direct bookings only, not through travel agents). Room rates from €150 per night (subject to availability)Quote “GRI” when booking directly with the hotel. Lodging costs are not included in conference fees. To download a copy of the booking form please visit: www.globalrealestate.org/Espana2014/Venue

Languages

Discussions take place in English. Simultaneous translation is provided for some sessions but not for all discussions.

REGISTRATION NOTES INFORMACIÓN ADICIONAL

Inquiries & Further Information: Para consultas e información adicional:

F O R P R O G R A M O P P O R T U N I T I E S C O N T A C T: Brian Brosnan • Director for Spain and Latin America Tel: +44 20 7121 5065 Email: brian.brosnan@globalrealestate.org

F O R M E D I A & P A R T N E R S H I P S C O N T A C T:Berna Turner • Senior Marketing ManagerTel: +44 20 7121 5087 Email: berna.turner@globalrealestate.org

www.globalrealestate.org

M A I N O F F I C E : 511 Avenue of the Americas - Suite 4100, New York, NY 10011, USA

E U R O P E A N O F F I C E : 10 Melton Street, London, NW1 2EB, UK

F O R G E N E R A L E V E N T E N Q U I R I E S C O N T A C TTel +44 20 7121 5060

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.GRI se reserva el derecho de filmar o fotografiar este evento con fines de marketing (impresos y electrónicos).Al asistir al evento estás dando su consentimiento para ser fotografiado o filmado. Fotos individuales no serán utilizadas si así lo solicitas.

REGISTRATION DETAILS

FIRST NAME NOMBRE SURNAME APELLIDO

POSITION/JOB TITLE POSICIÓN

DIRECT TEL TEL DIRECTO

EMAIL

COMPANY EMPRESA

ASSISTANT ASISTENTE ASSISTANT TEL TEL ASISTENTE

ASSISTANT EMAIL

ADDRESS DIRECCIÓN

CITY CIUDAD STATE/PROVINCE/COUNTY PROVINCIA/ESTADO

POSTCODE CÓDIGO POSTAL COUNTRY PAÍS (If Spain, provide VAT number/NIF)

DIVISION’S WEB ADDRESS PÁGINA WEB (ex: www.company.ext/division...)

* The CSC is the final three digit number printed on the reverse of your card along the signature strip. American Express cards, please provide the four digit CVV located above the long card number.

* CSC son los 3 últimos dígitos impresos al dorso de la tarjeta próximo a su firma. Para las tarjetas american express, favor de incluir los 4 dígitos localizados sobre el número de tarjeta.

PAYMENT DETAILS DETALLES DE PAGO A receipt will be returned. Será enviado el comprobante.

Please Tick VISA MASTERCARD AMEX CHEQUE (+75 €)(*)

NAME ON CARD NOMBRE (COMO EN LA TARJETA)

CARD NUMBER NÚMERO DE TARJETA EXPIRY FECHA DE VENCIMIENTO

CSC/CVV* (MANDATORY) SIGNATURE FIRMA

CREDIT CARD BILLING ADDRESS (Please provide if different from address on left)

CITY CIUDAD STATE/PROVINCE/COUNTY ESTADO POSTCODE CÓDIGO POSTAL COUNTRY PAÍS

CÓDIGO DE SEGURIDAD

DIRECCIÓN DE FACTURACIÓN DE LA TARJETA (importante, por favor completar si diferente al anterior)

FORMULARIO DE INSCRIPCIÓN REGISTRATION FORMESPAÑA GRI 2014

* Refer to registration notes on opposite page.

ESPAÑA GRI 2014Madrid, 20-21 May DISCUSSION

(CO-)CHAIR* GROUP(3 OR MORE)

DELEGATES

ADVANCE SAVER Before 21 Mar • Antes del 21 de Marzo

EARLY BIRD Before 11 Apr • Antes del 11 de Abril

STANDARD RATE After 11 Apr • Después del 11 de Abril

1.875 € (+21% VAT)

2.075 € (+21%VAT)

2.475 € (+21% VAT)

1.975 € (+21% VAT)

2.175 € (+21% VAT)

2.475 € (+21% VAT)

2.075 € (+21% VAT)

2.375 € (+21% VAT)

2.675 € (+21% VAT)

Fee for payment methods other than credit card*: Tasa adicional para pago diferente a tarjeta de crédito*: Fee for onsite payment (credit card or cash only)*: Tasa de pago en el día del evento (sólo tarjetas de crédito o efectivo)*:

REGISTER BY 21 MARCH & SAVE UP TO €600REGÍSTRESE ANTES DEL 21 DE MARZO Y AHORRE HASTA 600€

75 € (+21% VAT)

125 € (+21% VAT)

Email Scan & email this form to • Envíe el Formulario Escaneado al: registrations@globalrealestate.orgFax Tear out & fax this form to • Envíe el Formulario Vía Fax al: +44 20 7388 8740Tel Call & talk to us on • Llame: +44 20 7121 5060

w w w.globalrealestate.org/E spana2014/Registration

REGISTER ONLINEREGISTRESE ONLINE

ALTERNATIVE WAYS TO REGISTER • OTRAS FORMAS DE REGISTRO

INVESTOR INVERSOR PENSION (Investor) FONDO DE PENSIONES (Inversor) PROPERTY COMPANY (Developer) PROMOTORA INFRASTRUCTURE COMPANY EMPRESA DE INFRAESTRUCTURAS LENDER ENTIDADES DE CRÉDITO HOTEL (Company) EMPRESA HOTELERA INVESTMENT BANK BANCO DE INVERSIÓN CORPORATE (User) CORPORACIÓN AGENT (Surveyor) AGENTE ADVISOR (Accountant/Tax) ASESORES (Contabilidad/Fiscal)

LAWYER ABOGADO A&E (Architect/Engineer) ARQUITECTOS/INGENIEROS TITLE (COMPANY) GOVERNMENT (Officials) GOBIERNO ECONOMIC DEVELOPMENT EMPRESA DE DESARROLLO ECONÓMICO ACADEMIC (Think Tank) ACADEMICO MEDIA TRADE (Group/Exhibit/Conference Organiser) COMERCIO (Grupos/Exposiciones/Organizador de Conferencias) OTHER OTROS_________________

ref: BR

WWW.GLOBALREALESTATE.ORG/ESPANA2014

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