Spring Conference 201710 & 11 May, London

Host Sponsor

One New Change

crefceurope.org

RegiStRatiON ClOSeS 28 apRil

Spring Conference 201710 & 11 May, London

Host Sponsor

One New Change

Wednesday 10 May

YPREF Afternoon – FREE to CREFC Europe members13:00 Registration, tea & coffee

13:30 Welcome RemarksBen Herson, Associate CRE, Lloyds Bank Commercial Banking & co-chair of YPREF Rob Mersh, Eastdil Secured & member of the YPREF core committee

13:40 – 14:30 Educational Session – Real estate investment strategies and returns in the current macroeconomic environmentGuest Speakers: Professor Andrew Baum, Visiting Professor of Management Practice at the Said Business School, University of Oxford and Chairman, Property Funds Research & David Inskip, Director, EMEA Strategy and Research at CBRE Global Investors

14:30 – 15:00 Afternoon Tea Sponsored by

15:00 – 16:15 Educational Session – Mapping the European lending universe• Funding models • Cost of capital • Pricing and returns • Regulatory pressures

Moderator: Emma Huepfl, Director, Co-Founder, Laxfield Capital Ltd

Panellists: Simeon Cobb, Associate Director, Origination REF, Aviva Investors Gregory Clerc, Managing Director, Bank of America Merrill Lynch Filippo Alessandria, Associate Director, Deutsche Pfandbriefbank AG

16:20 – 17:05 A Long-Term Perspective on the MarketJoin real estate veteran Ian Marcus and Jos Short as they provide a unique perspective and insights into the real estate industry since the start of their careers, the changing landscape, the peaks and troughs in the cycles, the most exciting deals and their fondest memories.

17:05 Closing remarksBen Herson, Associate CRE, Lloyds Bank Commercial Banking & co-chair of YPREF Rob Mersh, Eastdil Secured & member of the YPREF core committee

17:15 – 19:00 YPREF Networking Reception Sponsored by

crefceurope.org

YPREF

Spring Conference 201710 & 11 May, London

Host Sponsor

One New Change

08:30 Registration & Networking Breakfast

09:20 WelcomeAndrew Petersen, Partner, K&L Gates, Conference co-chair

09:30 – 10:15 Keynote Speaker

Mark Leonard Director of the European Council on Foreign RelationsMark Leonard is co-founder and director of the European Council on Foreign Relations, the first pan-European think tank. He writes a syndicated column on global affairs for Reuters.com and is Chairman of the World Economic Forum’s Global Agenda Council on Geoeconomics.

Previously he worked as director of foreign policy at the Centre for European Reform and as director of the Foreign Policy Centre, a think tank he founded at the age of 24 under the patronage of former British Prime Minister Tony Blair. In the 1990s Mark worked for the think tank Demos where his Britain™ report was credited with launching Cool Britannia. Mark has spent time in Washington, D.C. as a Transatlantic Fellow at the German Marshall Fund of the United States, and in Beijing as a visiting scholar at the Chinese Academy for Social Sciences.

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10:20 – 11:10 All change please: trends in train for real estate• Adaptation of investment to structural change• Accelerating changes in consumer spending patterns• Increased technology driven obsolescence risk• Greater expectation of immediate delivery• Radical shift in occupier demands

Moderator: Gregor Bamert, Head of Real Estate Finance, Aviva Investors

Panellists:Andrew Smith, Strategy Director, LondonMetric Property Plc Vicky Skinner, Finance Director, Urbanest Further panellists TBC

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11:10 – 11:40 Networking Break Sponsored by

Thursday 11 May

Spring Conference 201710 & 11 May, London

Host Sponsor

One New Change

11:40 – 12:30 How durable are the current capital flows into real estate and what are the trends in allocation?A look at the current trends in capital flows, with an analysis of the drivers behind investment behaviour. The session will also focus on how capital is accessing the market and the opportunities and implications amongst different investment sources.

Moderator: Richard Dakin, Managing Director, CBRE Capital Advisors Ltd.

Panellists: Jon Rickert, Investment Director, GAM Duncan MacPherson, Managing Director – Head of Debt, Starwood Professor Trevor Williams, University of Derby & MD TW Research Paul Jayasingha, Senior Investment Consultant, Willis Towers Watson

12:30 – 13:55 Networking Lunch Sponsored by

14:00 – 15:00 Borrowers and Lenders – Going forward through a changing marketLorna Brown will be joined by a group of borrowers and lenders to discuss;

• Flexibility versus pricing - which is key in this market? • Leverage levels - deal specific or borrower specific? • Differentiating factors for borrowers and lenders • Future trends and new entrants to the market

Lenders: Dale Lattanzio, Managing Partner, DRC Capital Shawn Kaufman, Director of Debt Strategies, TH Real Estate Tom Jackivicz, Managing Director, Wells Fargo Securities

Borrowers: Lesley Chen Davison, Portfolio & Corporate Finance Executive, Delaney Morgan Garfield, Managing Director, Ellandi Lars Kreutzmann, Partner, Partners Group

15:05 – 15:35 Long-term value and why it mattersA snapshot presentation and discussion on the research into long-term value methodologies that has been done since the publication of A Vision for Real Estate Finance in the UK.

Join Peter Cosmetatos, CEO, CREFC Europe; Charles Cardozo, Owner, Radley & Associates and Rupert J Clarke, Managing Partner, Lipton Rogers Developments LLP

15:35 – 15:50 Afternoon Break

Thursday 11 May

Spring Conference 201710 & 11 May, London

Host Sponsor

One New Change

15:50 – 16:40 REF Investment Trend Barometer: What’s the latest picture and where do opportunities remain?• Core Plus / Value Add and Opportunistic • Debt versus equity • Direct versus indirect • JV structures and partnerships • New asset classes

Moderator: John Gellatly, Head of UK and Europe – Global RE Multi-Manager Group, Aviva Investors, Aviva

Panellists: Eduard Mantz, Vice President, BlackRock Steve Willingham, Global Co-Head of Event Financing – Infrastructure & Real Estate, HSBC Global Banking & Markets

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16:45 – 17:15 Key takeaways: What have we learnt?Join the conference co-chairs as they wrap-up the day and highlight the key themes

17:30Closing ReceptionMadison Rooftop pre-registration required

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crefceurope.org Programme subject to change.

Thursday 11 May

Spring Conference 201710 & 11 May, London

Host Sponsor

One New Change

Conference Sponsors

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