Annual Conference - ULI...

The Westin, Paris, France8 | 9 February 2011

www.uli.org/europe

European Real Estate Finance and Development Conference | K N O W L E D G E . E X C H A N G E . C O N T E N T .

Programme

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Final Programme 2011_Layout 1 31/01/2011 11:19

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A message from the Conference ChairIt is with great pleasure that I welcome you to the Urban Land Institute’s 15th Annual European Conference. Much has happened since we convened here last year. Leading macro-economic indicators from Europe and the rest of the world now point towards a global recovery and, in some cases, growth.However, a great deal of uncertainty remains in the short term against the backdrop of a potential Euro-debt crisis, influencing the high aversion to riskcurrently held within the investment and financial community.

Media partners

Real estate, as a physical asset with the ability to provide income and act as a hedge against inflation therefore becomes an attractive proposition when compared to many other asset classes. The combination of these factors presents us with a time in the market cycle where there are numerous opportunities, both in our domestic markets and internationally, for those with the ability and experience to take advantage of them.

Through its programme of lectures delivered by industry experts on the topics which are of most interest to us all, as well as informed debate and networking opportunities, this event promises to deliver fresh perspectives and exciting business prospects. We will hear from prominent keynote speakers: Ian Shepherdson (Chief Economist, High Frequency Economics), Ricky Burdett (Director, London School of Economics) and John Bruton, (Former EU Ambassador to the USA) as well as a number of senior commentators from the industry who are well known to you all.

I am confident you will find this event both enjoyable and thought-provoking, and I invite you to participate through an open exchange of ideas and experience.

Yours sincerely,

Pierre VaquierCEO, AXA Real Estate


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Principal

Leadership

Senior

ULI Europe 2011 Programme Supporters

For support opportunities, pleasecontact Brian Kilkellyat [email protected].

The Urban Land Institute gratefullyacknowledges thegenerous support of the following organisations:


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Who We AreULI Europe Executive Committee and Trustees:

Andrea Amadesi Partner, Amadesi Partners

John Carrafiell Managing Partner, GreenOak Real Estate Advisors

Simon Clark Head of European Real Estate,Linklaters

Jan De Kreij Principal, DKR Advisors

Ian Hawksworth Chief Executive, Capital & Counties

Bernd Knobloch Non-Executive Director, Palatium Investment Management Ltd

Hakan Kodal President & CEO, KREA Real Estate

Stuart Lipton Deputy Chairman, Chelsfield Partners LLP

Scott Malkin Chairman, Value Retail & S D Malkin Properties

Paul Marcuse Head of Global Real Estate, UBS Global Asset Management (UK)

Santiago Mercade CEO, Layetana Developments

Jeremy Newsum Executive Trustee, Grosvenor Estate

Alexander Otto CEO, ECE Projektmanagement

Gerald Parkes CEO, Pacific Real Estate Capital Partners

Olivier Piani CEO, Allianz Real Estate

Alvaro Portela Non-Executive Director, Sonae SGPS

Jonathan Short Executive Chairman & Founding Partner,Internos Real Investors

Michael Spies Senior Managing Director, Tishman Speyer

Jon Zehner Senior Director, AREA Property Partners

Jeremy NewsumChairman, Urban Land Institute & Executive Trustee, Grosvenor Estate

Alexander OttoChairman, ULI Europe & CEO, ECE Projektmanagement

Patrick L. PhillipsCEO, Urban Land Institute

Joe MontgomeryCEO Elect, ULI Europe

Brian KilkellyActing CEO, ULI Europe

ULI Stand @ MIPIM8-11 March 2011Cannes, France

ULI @ Provada7-9 June 2011Amsterdam, The Netherlands

ULI @ Expo Real 20114-6 October 2011Munich, Germany

ULI @ Barcelona Meeting Point15 October 2011Barcelona, Spain

ULI @ Events


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National Councils National Councils are ULI at the local level. There are 13 councils in Europe, influencinglocal land use policy through events, educational forums and project tours.

European Councils ULI European Councils focus on key issues in specific product sectors of the industry. They are small, high-level groups made up ofsenior ULI members.

Real Estate Workshops ULI Real Estate Workshops are intensive one and two-day programmes designed to providereal estate professionals with current best practices in development, design, finance, marketing and other real estate disciplines.

ULI Awards Programmes ULI runs three signature awards programmes thatrecognise excellence in land use and developmentin very different ways: the ULI Global Awards forExcellence, the ULI J.C. Nichols Prize for Visionaries in Urban Development, and the ULI Gerald D. Hines Student Urban Design Competition.

ULI Foundation: Making a Visible Difference Foundation Governors ensure ULI’s future and special programmes through their contributions tothe endowment. Gifts received by the annual fundsupport both ULI’s mission and work in the community.

ULI Bookstore Over 160 books on almost every real estate topic.

What We Do

Research, Reports & Case Studies ULI initiates research that anticipates emergingtrends and issues. Amongst the reports that ULIpublishes are Emerging Trends, Global Demographic & Global Infrastructure reports.

Events Through a programme of global and domesticevents, ULI brings together people and knowledge on the issues affecting our industry.

ULI Urban Investment Network The Urban Investment Network brings togethercity government leaders and institutional investors and developers in a new partnershipaimed at driving up the rate of investment in Europe’s cities through public-private collaboration and innovation.

Membership: 30,000 members across 95 countries worldwideThe mission of the Urban Land Institute is to provide leadership in the responsibleuse of land and in creating and sustaining thriving communities worldwide.


Monday 7 February 2011

18:00-20:15 Steering Committee Meeting (Hotel, Westin)

20:30-22:30 Steering Committee Dinner(Le Procope Restaurant, 13 rue de l’Ancienne Comédie, 75006, Paris)

Tuesday 8 February 2011

08:00-09:30 Council Chairs’ Breakfast (Castiglione)

08:30-14:00 ULI France Conference (Napoleon)

L’attractivité de la France pour les investisseurs immobiliers Event co-organised by: ULI France and Business IMMO (session will be conducted in french)

09:00-16:00 2011 Winter Council Day (Cercle National des Armees, 8 place saint Augustin, 75008 Paris)

ULI European Councils focus on specialised fields in land use and development.They are designed to provide a forum for education, exchanging information andsharing best practices and are open to council members only.

Council Meetings:11:00-16:00 Office & Mixed Use Council

Cuirassiers, Cercle National des Armees

09:00-16:00 Resort & Hotel CouncilMaryse Bastié, Cercle National des Armees

10:30-16:00 Retail & Entertainment CouncilHonneur, Cercle National des Armees

08:45-16:00 Sustainable Development CouncilJeanned’Arc, Cercle National des Armees

09:00-16:30 Urban Regeneration CouncilTurcos, Cercle National des Armees

Pre-conference Events7 February 2011

18:00-20:15 Steering Committee Meeting*

20:30-22:30 Steering Committee Dinner*

8 February 2011

08:00-09:30 Council Chairs Breakfast*

08:30-14:00 ULI France Conference

09:00-16:00 2011 Winter Council Day*

09:30-19:00 Young Leaders Forum & Drinks Reception

14:15-16:30 ULI Urban Investment Network Workshop*

17:00-18:45 ULI Member Summit

18:50-19:30 European Council Chairs’ De-Brief*

19:30-19:35 Coaches depart Westin Hotel for Leadership Dinner*

19:45-22:30 ULI Europe Leadership Reception& Dinner*

9 February 2011

07:45-08:45 Young Leaders Committee Meeting*

08:00-08:45 Conference Breakfast & Registration

08:45-17:30 ULI Europe Annual Conference

*Invitation only events

Pre-registration is required to all events Please consult a member of ULI staff regarding attendance.

Overview

6 Programme | 7 - 8 February 2011


18:25 Emerging Trends Report LaunchJohn Forbes, Partner, Real Estate Funds, PriceWaterhouseCoopers

18:40 InfoBurst Solvency IILaurent Lavergne, Head of Fund Management, AXAGroup Clients, AXA REIM

18:50 Member Update

18:50-19:30 European Council Chairs’ De-Brief (Castiglione)

19:30 Coaches depart Westin Hotel entrance for Leadership Dinner

19:45-22:30 ULI Europe Leadership Dinner & Reception (invitation only) (Pavillon D’Armenoville, Allée de Longchamp, Bois de Boulogne, 75116 Paris)

Dinner Speaker: David Higgins, Chief Executive, Network RailModerator: Alexander Otto, CEO, ECE ProjektmanagementGuest of Honour: Ambassador John Bruton,Chairman, IFSC Ireland; Former EU Ambassador to the USA;Former Iris Prime Minister

Reception is supported by:

09:30-19:00 Young Leaders Forum & Drinks Reception (Napoleon)

Supported by:

This unique programme will bring together real estate professionals and executives from across Europe for an exclusive site tour of Bouygues Immobilier HQ, followed by info bursts, an interactive case study on Athens and akeynote address by Christian Delaire, CEO of AEW Europe.

10:00-16:30 ULI Urban Investment Network WorkshopInvesting in Europe City Centres (Aiglon)

17:00-18:45 ULI Member Summit (Concorde)

Moderator: Jonathan Short, Executive Chairman & Founding Partner, Internos Real Investors

17:00 Keynote Speaker: H.E. Mr George Nikitiades, Ministryof Culture and Tourism, Greece

17:10 City Investment ChallengeJoin a team of advisors for one of 10 European cities and help construct a strategy to attract a major business choosing a location for their next venture. Find out what anexpert panel of judges think of your proposal and compare it to the findings of the Emerging Trends Report.

Judges: Shelley Frost, Regional Director, Corporate Solutions,Jones Lang LaSalleMichael Spies, Senior Managing Director, Head of Europe, India and Chair of Investment Committee, Tishman SpeyerRonen Journo, Director, Workplace Resources, European& Emerging Markets, Cisco

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Rue de Castiglione

Rue de Rivoli

Rue du Mont Thabor

Rue

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Isle

Hotel Entrance

Hotel Bar

Hotel Reception

Busin

ess C

entreConciergeLobby

CloakroomToiletsStairs to:

Salon Tuileries(concurrent sessions)

ULI RegistrationDesk

Courtyard

Win

terg

arde

n(C

offee

bre

aks) Salon Napoleon(Coffee breaks

& ULI Bookstore)

Salon Concorde(Keynote and Plenary Sessions)

Salon Imperial(Lunch)

Salon Aiglon(Concurrent Sessions)

Hotel Restaurant

Stairs to: Salon Castiglione

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The Westin Hotel sustainability policyThe Westin Hotel, Paris are fully committed to integrate sustainable practices and respectful principles of environment into their company strategy. Programmes include monitoring of water usage and installation of water flow shrinkers; use of energy saving light bulbs and movement detectors; recycling; 100% local menus to reduce ‘food kilometres’; and creation of a ‘green committee’ to obtain ‘The Green Label’ (dedicated to tourism and recognised in 58 countries) and implementation of the hotel’s environmental policy.

Westin Hotel MapWording in the brackets relates to the main conference day only.


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Main Conference DayWednesday 9 February 2011

07:45-08:45 Young Leaders European Steering Committee Meeting (Castiglione)

08:00-08:45 Breakfast and Registration (Lobby & Wintergarden)

08:45 Conference Welcome and Introduction (Concorde)

Conference Chair: Pierre Vaquier, CEO, AXA REIMConference Moderator: Greg Clark, Senior Fellow, ULI EMEA

09:15 Morning Keynote Speaker: (Concorde)

Ian Shepherdson, Chief Economist, High Frequency Economics“Making Sense of the Global Economy in 2011”

European Real Estate Outlook and Q&A: (Concorde)

Panel: Frank Pörschke, Chairman, Eurohypo AGStruan Robertson, Global Co-Head Real Estate Investment Banking, Morgan Stanley

10:15 InfoBurst: Emerging Trends in Europe 2011 (Concorde)

John Forbes, Partner, Real Estate Funds, PriceWaterhouseCoopers

10:30-11:00 Coffee Break | Supported by:(Wintergarden & Napoleon)

11:00 CONCURRENT SESSIONS I

1. Retrofitting To Save Money-The Hard Numbers (Aiglon)

Moderator: Andrew Baum, Professor of Land Management,University of Reading; Honorary, Professor of Real Estate Investment, University of Cambridge; ULI Academic Fellow

Panel: Frank Billand, Member of the board of Management Board,Union Investment Real EstateFranz Jenowein, Sustainability Consulting Director, Jones Lang LaSallePeter Sharratt, Global Director - Energy & SustainabilityServices, WSP Environment & Energy

2. City Development: Where Will The Money Come From? (Concorde)

Moderator: Dame Judith Mayhew Jonas, Chairman, The New West End Company

Panel: Ad Buisman, Partner, Ernst & Young Julie Grail, Chief Executive, British BIDSBrian Field, Urban Planning and Development Adviser, European Investment Bank

3. The YLX-Factor: Big Ideas From Industry’s Next Generation Part II (Tuileries 2 & 3)

Panel: Jos Short, Executive Chairman & Founding Partner, Internos Real InvestorsSantiago Mercade, Chief Executive Officer, LayetanaNick Ridley, Managing Director, NCReal Estate Consulting

Programme | 9 February 2011 Follow us and tweet questions to @uliparis


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12:00 CONCURRENT SESSIONS II

1. Paris Region in 2025 (Aiglon)

Moderator: Nicolas Buchoud, Founding Principal, Renaissance Urbaine Consultants

Panel: Antoine Fayet, Direction Général, ICADEGreg Clark, Senior Fellow, ULI EMEAChristian Sautter, Deputy Mayor of Paris, former Minister,economy and financeEtienne Tricaud, CEO, Arep

2. Retrofitting To Upgrade Quality: We’re Not Going To Tear It All Down To Start Again (Tuileries 2 & 3)

Moderator: Michael Spies, Senior Managing Director Head of Europe, India, and Chair of Investment Committee,Tishman Speyer

Panel: Holger Hagge, Global Head of Workplace and Building Development, Deutsche BankPaul Williams,Director, Asset Management, Derwent LondonChristophe Clamageran, CEO, Gecina

3. Listed Vs. Unlisted Debate (Concorde)

Moderator: Alec Emmott, Principal, Europroperty ConsultingPanel: Ian Coull, Chief Executive, SEGRO

Mark Inch, Chairman, La Société de la Tour EiffelRic Lewis, Chief Executive, Tristan Capital PartnersEdmund Craston, Managing Director, Rockspring PropertyInvestment Managers

Judge: Patrick Kanters, Managing Director Global Real Estate,APG Asset Management

13:00-14:30 Networking Lunch | Supported by:(Imperial Salon)

13:00 CEO Lunch: (invitation only) (Tuilieries I)

Moderator: Olivier Piani, CEO, Allianz, Real Estate

14:30-15:15 Plenary Session: “The Next Urban Economy: Drivers Of Economic Transformation” (Concorde)

Prof. Ricky Burdett, Professor of Urban Studies and Director, LSE Cities and Urban Age

“The Next Urban Economy” investigates how the recent recession has affected the trajectory of economic and socialprosperity of EU and US cities and their regions.

15:15 Afternoon Keynote: “Europe And The USA: The Next 10 Years” (Concorde)

Ambassador John Bruton, Chairman, IFSC Ireland; Former EU Ambassador to the USA; Former Iris Prime Minister

16:00-16:30 Coffee Break | Supported by:(Wintergarden & Napoleon)

16:30 CONCURRENT SESSIONS III

1. Around The Worlds In 60 Minutes: Places People Are Investing (Concorde)

Moderator: Rosemary Feenan, International DirectorGlobal Research, Jones Lang LaSalle

Panel: David Bradford, Global Chief Risk and Investment Officer,Prudential Real Estate InvestorsJosé Baeta Tomás, CEO, Sonae Sierra Brasil David Morley, Head of Real Estate, Actis

2. The Buzz Club: Non Traditional Ways In Which Land Is Being Re-Used (Aiglon)

Moderator: Gerard Groener, CEO, Corio N.V.Panel: Martha Schwartz, Principal, Lead Designer, Martha

Schwartz PartnersGert Urhahn, Associate, Urhahn Urban DesignKai van Hasselt, Managing Director, Urban strategy consultant at Shinsekai Analysis

3. LessEn Partner Roundtable (invitation only) (Tuileries 2 & 3)

Moderator: Alexandra Notay, Vice President- Strategic Programmes, ULI EuropeDiscussion leaders: Terri Wills, London City Director, Clinton Climate InitiativeChristoph Wildgruber, Head of Sustainability, Allianz Real Estate

17:30 Conference Close


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Conference SpeakersProfessor Andrew BaumProfessor of Land Management,Henley Business School, Universityof Reading; Honorary, Professor ofReal Estate Investment, Universityof Cambridge; ULI Academic Fellow, Reading, UK

Baum is Professor of Land Management at the HenleyBusiness School, University of Reading, and HonoraryProfessor of Real Estate Investment at the University ofCambridge. He is also chairman of the investment committee for CBRE Investors Global Multi Manager business and has other business interests. He has spentthe majority of the last 20 years working with institutionalreal estate investors in developing global property investment strategies. His experience is primarily in theUK but he has also worked in the US and Asia. He is author of Commercial Real Estate Investment (Elsevier,2009) and several other real estate texts. He holds BSc,MPhil and PhD degrees from the University of Reading. A graduate of the LBS investment management programme, he is a chartered surveyor and a qualifiedmember of the CFA institute (ASIP). He was elected a Fellow of the Urban Land Institute in 2002.

Frank Billand Member of the Board of Management, Union InvestmentReal Estate GmbH, Hamburg, Germany

After training as a bank employeeBilland studied political economy.

In 1984 he started his professional career at Hochtief AGand left this company in 2003 as spokesman for the management area of Hochtief development. Since 2003Billand has been a member of the board of management of Union Investment Real Estate GmbH, a part of the UnionInvestment Group of the Volks- und Raiffeisenbanken Association. He is responsible for the Asset ManagementGermany, Asset Management Shopping Centers, AssetManagement Hotels and the Project Management.

David BradfordManaging Director, Global ChiefRisk and Investment Officer, Prudential Real Estate Investors,New Jersey, US

Bradford joined Prudential Real Estate Investors in November 1995

and is the Global Chief Risk and Investment Officer. His primary responsibilities include overseeing the firm’sinvestment processes, monitoring risk within the firm’s investment portfolios and leading the development of thefirm’s investment strategies. Previously, Bradford held positions in PREI as Head of non-U.S. Investment Operations with responsibility for Europe, Asia and LatinAmerica. He was also Senior Portfolio Manager for EuroPRISA, Prudential’s pan-European perpetual life,open-end property fund and for PRISA, Prudential’s open-end U.S. equity real estate fund. Additionally, Bradford is a member of all 4 of the firm’s regional investment committees and the firm’s Global Management Committee.

Bradford was a primary author of “Return Attribution forCommercial Real Estate Investment Management” whichwas awarded the ARES Manuscript Prize in 2000 for bestpaper published in the Journal of Real Estate PortfolioManagement. Bradford holds a B.S from Brockport College and an M.B.A. from Harvard University.

Ambassador John BrutonChairman, IFSC Ireland; Former EUAmbassador to the USA; FormerIris Prime Minister

Bruton served as EU Ambassadorto the United States from 2004 to2009 and also served as Vice

President of the European People's Party since 1996.Bruton also served as the Prime Minister of Ireland from1994 to 1997, and helped transform Ireland into one of theworld's leading economies. He served as Minister for Finance, Minister for Industry and Energy and Minister forIndustry and Trade. While Prime Minister, Bruton alsopresided over an Irish EU Presidency in 1996 and helpedfinalize the Stability and Growth Pact, which governs themanagement of the single European currency, the Euro. He was European Union Commission Head of Delegationto the United States. He served as member of the Presidency (Preasidium) of the Convention on the Futureof Europe from 2001 to 2004. In 2010 he has been a Director of Ingersoll-Rand Plc and Director of MontpelierRe Holdings Ltd. Bruton is a Distinguished Fellow at the Centre for Transatlantic Studies in Johns Hopkins University.

Nicolas BuchoudFounding Principal, RenaissanceUrbaine Consultants, Paris, France

Buchoud, 35, is the founding principal of Renaissance Urbaine,urban R&D agency, and moderatorin complex negotiations,

established in Paris since 2006.

Buchoud is Fellow of ULI (France), and a regular speakeron metropolitan urbanisation trends and governance challenges in European and worldwide. He is a regular expert for UN Habitat, and has been working for the European Investment Bank, for Ministerial agencies andpublic development bodies in France, as well as for


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several major private French developers and architectfirms on sustainable investment policies and Grand Paris issues.

Graduated in public law and political science (MA), planning and urban development (MA), and XVIIth century Chinese history (MA), from Sciences Po and LaSorbonne, Buchoud has served as Senior policy advisorfor urban development and sustainability at the Office ofthe President of Paris Ile de France Region.

Member of several key professional networks in Franceand worldwide, author of several books on urban strategies and urban regeneration (La Ville strategique /Strategic City, 2008), and contributor to research programmes from ULI (Urban Apsotles, 2009) Buchoud isnow focusing his attention, through Renaissance Urbaine,on public and private investment strategies for innovationin sustainable urban development in France and in theUnited States.

Ad BuismanPartner, Ernst & Young, Zwolle, The Netherlands

Buisman is 50 years old and partner with Ernst & Young sinceJanuary 1, 1994. He leads theEMEIA Construction and

Infrastructure practice of Ernst & Young and is a memberof the leadership team of Ernst & Young’s European RealEstate (RHC) Group as well as a member of the GlobalRHC and EMEIA Management committee. Buisman also isa member of the Best Practices Committee of EPRA, leadsErnst & Young’s Global IFRS Real Estate & Constructioninterpretation desk and is also Global director for RHC assurance services.

Besides these managerial responsibilities, he providesprofessional real estate and construction services in thefields of Auditing, Corporate Real Estate Advisory Servicesand Transaction Support. Buisman also annually chairs the European CFO Round Table for Construction & Infrastructure.

Prof. Ricky BurdettProfessor of Urban Studies and Director, LSE Cities and Urban AgeLondon, UK

Burdett is a Professor of UrbanStudies at the London School of Economics and Political Science

(LSE) and director of LSE Cities and the Urban Age pro-gramme. He is Chief Adviser on Architecture and Urbanism for the London2012 Olympics and the Olympic Legacy Park Company,and was architectural adviser to the Mayor of London from2001 to 2006. He has curated numerous exhibitions including ‘Global Cities’ at Tate Modern, was Director ofthe 2006 Architecture Biennale in Venice and chairman ofthe Jury for the 2007 Mies van der Rohe Prize. He is architectural adviser to the City of Genova and a memberof the Milan Expo 2015 steering committee. He is a Council member of the Royal College of Art and sits onthe Mayor of London’s Promote London Board.

Christophe ClamageranCEO, Gecina, Paris, France

Clamageran, an ESLSCA graduate,began his career with the AugusteThouard Group before moving toDTZ. He then spent 11 yearswithin the BNP Paribas Group,

where his positions included Chairman of Meunier thenDeputy Chief Executive Officer of BNP Paribas Real Estate,heading up real estate development and third-party management activities. At the beginning of 2008, he wasappointed CEO of Hammerson France, in charge of its activities in continental Europe before he joined Gecina on November 16, 2009 as CEO.

Greg ClarkSenior Fellow, ULI EMEA, London, UK

Clark is Senior Fellow, ULI EMEAand Lead Advisor on City and Regional Development at the Department for Communities and

Local Government, UK, Chairman of the OECD Forum ofDevelopment Agencies and Investment Strategies, andProfessor at Cass Business School, City of London, andadvisor to cities and companies world-wide. He has recently authored three major reports for ULI: London/NewYork in the 21st Century, Global Indices and Closing theInvestment Gap in Europe’s Cities.

Ian CoullChief Executive, SEGRO, London, UK

Coull was appointed Chief Executive of SEGRO plc (formerlySlough Estates plc) on 1st January2003. He was a Director from 1988

to 2002 of J Sainsbury plc and he had responsibility for anumber of the key operational parts of the Group as well as all Real Estate, Construction and related activities within the Group. He previously held Board and SeniorManagement positions at Ladbrokes, Texas Homecare and Cavenham Foods.

Coull was President of the British Property Federation(BPF) from June 2005 to July 2006 and chairs the BPFREITs task force. He was appointed to the Board of EPRAin September 2008. He was a non-executive director ofHouse of Fraser Plc from 2003-2006 and sits on the London Regional Board of Royal & Sun Alliance. He wasappointed a member of the Government’s Sustainable Construction Task Group in 2003 and was Chairman of theLondon Sustainable Development Commission.


Feenan is now an International Director in Jones LangLaSalle and runs the firms Global Research Programmeswhich include themes on World Winning Cities, Global Real Estate Transparency and Sustainability. She is also responsible for the firms “Property Foresight” work and for research based product innovation and operates acrossall the firms businesses and geographies.

Brian FieldUrban Planning and DevelopmentAdviser, European Investment Bank,Luxembourg

Field is a senior economist at theEuropean Investment Bank (EIB),where he is also the Bank’s Urban

Planning and Development Adviser. His professional careerhas covered the full spectrum of contemporary planningpractice and, prior to joining EIB, included a number of senior appointments in both the public and private sectors.He has also enjoyed a successful academic career, including professorial appointments at the National University of Singapore and, more recently, as Head of theSchool of the Built Environment at De Montfort Universityin the UK. His current research focuses on the built environment and the promotion of more sustainable development at all spatial scales, spanning low energyplanning and transport policies, and the social implicationsof settlement patterns that embrace a more explicit pursuitof the “green” agenda. He has published extensively onplanning and related matters in books and scholarly papers,and is on the editorial board of several international refereed journals.

Field has degrees from Brunel University, Cambridge University, the City University and the University of Westminster, and was a doctoral candidate at the LondonSchool of Economics.

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Edmund CrastonManaging Director, Rockspring,London, UK

Craston joined Rockspring in 2009as Partner and Managing Director,with responsibility for both thestrategic focus and the day-to-day

management of the business.

Prior to joining Rockspring, he had a 22 year career as aninvestment banker and corporate finance adviser focusedon the real estate industry. He was European/EMEA Headof Real Estate Investment Banking at both UBS InvestmentBank (until 2005) and Lehman Brothers (2006-2008). Following Lehman's collapse he spent 12 months as a corporate finance consultant to a variety of real estate companies, funds and fund managers.

Craston graduated from Oxford University with an MA in Classics. He has been on the Management Board ofEPRA twice.

Alec EmmottPrincipal, Europroperty Consulting,Paris, France

Emmott MA MRICS is a graduate of Trinity College, Cambridge andholds an M.A. in Land Economy.After working in South Africa, the

US and the UK, he moved to France in 1973 and in 1995joined SFL (a listed French property company which optedfor SIIC - tax transparent - status in 2003) as advisor tothe Chairman and subsequently Managing Director, until2007. He subsequently created Europroperty Consulting inParis advising on European Real Estate issues. Emmott isChairman of the European Asset Value Fund, a member ofthe Board of IPD France and the French listed PropertyFederation (FSIF), and a non-executive director of companies within the Martin Currie Group, Weinberg Capital Partners and Catella Property Group.

Antoine FayetDirecteur délégué au Grand Paris,Icade, Paris, France

A graduate of Institut d’Etudes Politiques de Paris, Fayet beganhis career in the Générale des Eauxgroup as an Assistant managing

director of the Aquitaine subsidiary of Société desMaisons Phenix.

In 1982, he joined the real estate group Les NouveauxConstructeurs, and in 1995 became part of general management, after having held various high-level positions.

In 1997, Fayet joined Icade G3A, a business unit of Icade,as a Regional Agency Director, becoming its chairman in2002. Former CEO of C3D from 2004 to 2005, he wasthen appointed Icade’s Housing market director and appointed as a member of the executive committee.

In November 2007, Fayet took charge of the residentialproperty division and he was in charge of commercialproperty investment from December 2008 to May 2010.

Fayet has been appointed Senior Advisor on the GrandParis project in May 2010.

Rosemary FeenanInternational Director Global Research, Jones Lang LaSalle, London, UK

With 30 years experience in theproperty industry Feenan has

worked in various roles ranging from town planning, property market analysis, business strategy and consulting. A frequent international conference speakerand author, she has built a reputation for innovation andfuture oriented strategic thinking in the real estate industryand has worked alongside some of the worlds leading occupiers, investors and developers on the “future ofproperty” projects.


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Frost has worked across a range of industry sectors advising on corporate relocation. Clients have includedMicrosoft, Cisco, P&G, Barclays, Shell, Dell, General Electric and IBM. The range of advice that she has provided has extended from organisational design, financial analysis and modelling, asset acquisition anddisposition, incentive availability and negotiation and occupancy strategy.

Frost joined Jones Lang LaSalle in October 2005. Previously she worked for IBM (formerly PwC Consulting) Frost also previously worked for CB Richard Ellis and Deloittes.

Frost graduated with a first degree in Geography. Her Masters is in Corporate Real Estate & Facilities Management from Henley Business School. Frost alsoqualified as a Chartered Surveyor via the Senior Professional route.

Julie GrailChief Executive, British BIDs, London, UK

Grail is the Chief Executive ofBritish BIDs, the national membership organisation for theBID industry.

Grail is also the Managing Director of Partnership Solutions, an urban management and regeneration consultancy, which specialises in partnership development, capacity building, business engagement,and the development and review of Business ImprovementDistricts (BIDs).

Grail has been instrumental in supporting the developmentand evolution of BIDs across the UK, including involvement in the early development of the BID legislationand more recently the provisions for a property owner levy.

She has a first degree in Land Management from De Montfort University and a PhD, focusing on urban governance in UK cities, from the University of Sheffield.

John ForbesPartner, Real Estate Funds, PriceWaterhouseCoopers, London, UK

Forbes is a partner in the London office of PwC. He has been with the firm for over twenty years, six

of them in Russia where he led our real estate practice.Having in the last two years led our Real Estate IndustryPractice in Europe, the Middle-East and Africa across allour services to the real estate industry, he has recently returned his focus to advising real estate fund managers.The real estate fund-raising market which will be at an all-time low in 2010 is set to start to recover in 2011, butthe range of issues for which fund managers will require assistance will be a lot broader in the future, as they copewith the increasing demands of investors and regulators.

His clients are real estate fund managers, real estate investment bankers and other professionals in the real estate industry. Forbes is a leading adviser on international real estate fund structuring and has advisedon the establishment of pan-European and global real estate funds and fund of funds, as well as similar vehiclesfor investment in infrastructure, hotels and other real estate operating assets.

Shelley FrostRegional Director, Corporate Consulting, Jones Lang LaSalle, London, UK

Frost is Lead Director of the Consulting group based in London. She has international

experience in corporate real estate issues, advising majoroccupiers on their property portfolios, workplace, organisational and location strategy. She is also chair ofJones Lang LaSalle’s Global Specialty Board for Consulting, a group of 600 consultants worldwide.

She has a broad range of experience in BIDs emanatingfrom her leadership of The Circle Initiative and the LDA London BIDs programme and numerous direct consultancy contracts with developing and formal BIDs and she regularly presents on BIDs to a wide variety ofaudiences.

Gerard H.W. GroenerCEO, Corio N.V., Amsterdam, The Netherlands

Groener’s career started in 1985working for Akzo-Nobel in severalfunctions and ultimately as acquisition manager for the Akzo

pension fund until 1993. Between 1993 and 1996 he workedas developer for Van Wijnen (contractor/developer). Groenerbecame the Managing Director of Corio Nederland Retailafter the merger (December 2000) between VIB and Winkel Beleggingen Nederland (WBN), where he joined the Management Board in 1998 after his start in 1996. In May2006 he joined the Management Board of Corio N.V. As of 1 May 2008 Groener is the CEO of Corio N.V. He’s isvice-chairman in EPRA. Groener has been a long time member of ULI and has been the Chair of the Dutch districtcouncil of ULI since January 2009. In December 2010Groener was appointed as member of the Supervisory Board and Audit Committee of Bouwinvest.


occupiers and real estate owners on energy optimisation for existing buildings working in close relationship withspecialist teams across Europe.

His responsibility extends to Jones Lang LaSalle’s globalsustainability research programme where he is regularlycontributing insight and analysis on key topics around sustainable real estate. More recently, Jenowein has alsobeen actively participating in the Grenelle working groupson Real Estate that are part of France’s sustainability regulations initiatives.

Jenowein is a graduate of the University of St.Gallen,Switzerland (M.A HSG).

Ronen JournoDirector, Workplace Resources, European & Emerging Markets, Cisco, Feltham, UK

Journo is the Director of the Workplace Resources (WPR), European and Emerging Markets

team for Cisco. Responsible for a portfolio that exceeds 4m sq ft across 82 countries, covering South America,Africa, Europe and Middle East, he leads a highly leveraged organization, supported by 3 global partners and 25 Cisco employees. Journo's team serves an in-house client base of 14,000 people covering Sales, Administration and Research & Development functions.

In this leadership role, Journo is responsible for focusingthe corporate real estate team on business relevance andimpact, cross functional partnerships, customer satisfaction, and all operational and capital expenditurecommitments. Since joining Cisco in 1997 he has held various roles within WPR, including 2 years with the coremergers and acquisitions team.

Prior to joining Cisco, Journo worked for DEGW across Europe and was employed by Procord consulting that waslater acquired by Johnson Controls.

Holger HaggeGlobal Head of Building & Workplace Development, DeutscheBank, Frankfurt, Germany

Hagge joined Deutsche Bank in September 2006. As Global Head of Building and Workplace

Development, based in Frankfurt, he takes the responsibility for many important projects worldwide inHong Kong, India, USA and Europe. Amongst others heleads the major refurbishment of Deutsche Bank’s headquarter in Frankfurt as well he is globally responsiblefor “Workplace Strategy”, the development and implementation of new workplaces at Deutsche Bank AG.

Prior to joining Deutsche Bank AG, Hagge worked almost 6 years until August 2006 for Dutch Investor MAB (theHague/NL), later Bouwfonds MAB Group as Managing Director responsible for all activities in Germany. A num-ber of large scale projects e.g. in Frankfurt: Schillerhaus, Frankfurt HochVier and Zeil Frankfurt could in this period be realised and acquired.

Since of May 2004 he is nominated as Professor at the Universität für angewandte Kunst Wien (University of applied Arts Vienna), giving lessons on the faculty of architecture for strategies of real estate management.

David HigginsChief Executive, Network Rail, London, UK

Higgins was appointed Chief Executive Designate of the Olympic Delivery Authority in December2005 & appointed Chief Executive

with effect from 30 March 2006. Prior to December 2005,he was Chief Executive of English Partnerships, the Government’s national regeneration agency, for 3 years.

On 1 April 2010, he was appointed a non Executive Director of Network Rail Infrastructure Ltd.

On 28 September 2010, he was appointed Chief Executiveof Network Rail Infrastructure Limited with effect from 1 February 2011.

Higgins graduated in Civil Engineering from the Universityof Sydney & holds a Diploma from the Securities Instituteof Australia. Following graduation, he spent time workingin the UK & Africa, returning to Australia in 1981 & joinedthe Lend Lease Group, an international property & construction company, in 1985. In 1995, he was appointedManaging Director & Group Chief Executive of the Group.

Mark InchChairman, Société de la Tour Eiffel,Paris, France

After beginning his career in 1973with Jean-Claude Aaron, one ofFrance’s leading property developers in the 1970s, Inch

(61, Oxford and Sciences Po Paris) joined the Arab International Investment Bank (BAII) in 1979. Between1985 and 1990, as Director of the Bank and President of itsreal estate subsidiary, he initiated numerous operationscombining financial engineering and property assets, restructuring companies by developing their real estate assets (Félix potin, Les Trois Quartiers, etc.). He foundedthe Franconor firm of consultants (specifically for Anglo-Saxon property investors) in the early 1990s beforecreating the Awon Group in 1999 with Robert Waterland. Together they rapidly grew the new company into one ofthe leading French property asset management firms. Bothjoined with the Soros real Estate Investment fund in July2003 to take over Société de la Tour Eiffel.

Franz JenoweinSustainability Consulting Director,Jones Lang LaSalle, Paris, France

Jenowein is part of Jones LangLaSalle’s global Energy & Sustainability Services businessline and is responsible for its

French consulting services. He provides strategic and tactical advice on how to integrate sustainability featuresand requirements into the management of real estate investments.

Jenowein works with institutional investor clients andproperty companies on sustainability risk mapping andasset performance benchmarking. He is also advising

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Prior to that, he worked at AXA Real Estate as a financialoperations manager, developing operations of equity finance for quoted and unquoted real estate companies.

He is a Finance graduate from the Ecole Supérieure deCommerce Havre-Caen.

Ric LewisChief Executive, Tristan CapitalPartners

Lewis is Chief Executive and Chairman of Tristan Capital Partners, a London based boutique investment manager

specialising in real estate investment strategies with €2.5 Billion in AUM.

Prior to forming Tristan, Lewis founded and served forseveral years as Chief Executive for Curzon Global Partners, the London based real estate investment company and as Chief Investment Officer and Board of Directors of AEW Europe, its parent company, a pan-European real estate investment management business that he helped build from start up to its currentsize, with 11 offices, 270 staff and €18 Billion in assetsunder management.

Prior to founding Curzon and assembling AEW Europe,Lewis was a Partner and Senior Managing Director of AEW Capital Management, a US based investment management business with 200 staff and $25 Billion under management.

Outside of work, Lewis volunteers the majority of his timeto organisations dedicated to improving the access to andthe quality of education, especially for children from lessadvantaged areas and environments.

Patrick M. KantersManaging Director Global Real Estate, APG Asset Management, Amsterdam, The Netherlands

Kanters is Managing Director Global Real Estate of APG AssetManagement. APG Asset

Management is specialized in managing pension capital.Based in the Amsterdam office he is responsible for all real estate activities. The real estate holdings are concentrated in listed real estate securities and selected private entities in Europe, Americas and Asia Pacific.

Prior to joining APG (then ABP) in 2005, Kanters workedfor ING Real Estate for 11 years. Most formerly he wasManaging Director of the Investment Management department covering the European markets.

Kanters is member of the Board of Steen & Strom, the leading Scandinavian shopping center company and member of the Management Board of INREV and EPRA.

Kanters holds a MSc in Real Estate, Project Management & Housing from the Delft University of Technology in The Netherlands and a post doctorate degree in Real Estate from the University of Amsterdam.

Laurent LavergneHead of Fund Management, AXA Group Clients, AXA REIM

Lavergne is Head of Fund Management – AXA Group Clientsat AXA Real Estate since 2007. His team is in charge of managing

real estate funds and portfolio dedicated to AXA Group Insurance Companies.

From 1999 to 2007, Lavergne was Global Head of Corporate Finance at AXA Real Estate. His team was incharge of setting up real estate investment products, carrying out M&A operations for real estate companiesand developing processes of fiscal and financial optimisation.

Dame Judith Mayhew Jonas, DBEChairman, New West End Company

Mayhew Jonas took up her currentrole as Chairman of the New WestEnd Company in 2008 playing a key

part in managing and promoting the interests of the district,developing and driving forward the commercial opportunities for the world’s top shopping destination, London’s West End.

Born and educated in New Zealand, Mayhew Jonas graduated LLM from the University of Otago before movingto the UK as a lecturer in law at King's College, University ofLondon. In 1989 Judith became Special Adviser to theChairman at Clifford Chance. In 2006 she was appointed tothe Board of Merrill Lynch in New York.

She was elected to the City of London Corporation in 1986becoming Chairman of the Policy and Resources Committeein 1996, a position she held for six years. She currentlychairs the London New York Dialogue. She was DeputyChairman of the London Development Agency and chairedthe business committee. She is currently a Vice President ofLondon First. She was appointed Dame Commander of theBritish Empire in the 2002 Queen's Birthday Honours list for services to the City of London.

Santiago MercadeCEO, Layetana, Barcelona, Spain

Mercade joined the Layetana in 1985and has been CEO since 1989. He isa member of the Board of Trustees(supreme governing body) of theUrban Land Institute (Washington).

From 1999 to 2005 Mercade was District President forSpain and Barcelona of the Urban Land Institute. He is amember of its Executive Committee for Europe and of its European Urban Renewal Council.

Mercade commenced his professional career in internationalbanking (Citibank NA) and mass consumption marketing(Sara Lee). He has a degree in Business Administration andManagement at ESADE Business School and MBA on acombined program in HEC-Paris and New York University.


Her role also includes the ongoing co-ordination of theUrban Investment Network research programme, engagingthe OECD and European Investment Bank with private sector CEOs and city leaders to explore key issues aroundurban investment.

Notay holds a B.A. (Hons) in International Relations fromthe University of Sussex and is a registered Practitioner ofPRINCE2 Project Management and Fellow of the RoyalSociety of Arts.

Dr. Frank PörschkeChairman, Eurohypo AG, Eschborn, Germany

Pörschke is Chairman of the Boardof Managing Directors of EurohypoAG since October 2008. He joinedEurohypo in September 2007 as a

designated Member of the Board of Managing Directors.Pörschke is responsible for Corporate and InvestmentBanking International, Corporate Communications, Law, Debt Capital Markets, Business Management andStrategic Projects.

Before joining Eurohypo AG Pörschke was Chairman ofthe Board of Managing Directors of Commerz Grundbesitzgesellschaft mbH (CGG) and its subsidiaryCommerz Grundbesitz-Investmentgesellschaft mbH (CGI). Pörschke was also Chairman of the SupervisoryBoard of Commerz Grundbesitz-SpezialfondsgesellschaftmbH (CGS).

Previously he was Managing Director of ECE Projektmanagement International and responsible for theinternational project development activities of ECE group.Prior to this he was a senior consultant with McKinsey &Company. Pörschke holds a doctorate in law from theUniversity of Hamburg.

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David MorleyHead of Real Estate, Actis, London, UK

Morley is Head of Real Estate atActis. Morley has been investing inemerging markets for over fifteenyears and has been instrumental in

a number of landmark investments including, Lenco inSouth Africa; Africa's Protea Hotels; Ikeja Mall in Nigeria;Indian Ocean Real Estate Company; TRAC Toll Concessions; and the management buyout of EngroChemicals in Pakistan. Morley joined CDC in 1990 andwas responsible for setting up its South Africa team in1995. Before joining CDC, Morley spent five years atSwiss-based commodities house EMD Schluter & Co.Morley holds a degree in Economics and Land Economyfrom Cambridge University; an MA in development economics from the University of East Anglia, and an MBA from London Business School.

Alexandra NotayVice President Strategic Programmes, Urban Land Institute,London, UK

Having joined ULI from the UKgovernment in 2007, Notay established a new research

department for ULI in Europe publishing reports for ULI members on topics including market trends, demographics, infrastructure, affordable housing and sustainable development. Notay also manages a broadrange of ULI activities including European Advisory Services, Product Councils, Awards programmes, Young Leaders and the ULI Charitable Trust.

In 2009 Notay was appointed the youngest ever Vice President in ULI’s 75 year history to direct a number ofglobal strategic programmes. Notay leads the virtual teamfor an innovative web project promoting energy efficientbuildings, developing strategy, implementing new technology and securing partners including the ClintonClimate Initiative, Philips, Arup and Hines.

Nicholas RidleyManaging Director, NCReal EstateConsulting, Past President forBritish Council for Offices, London, UK

Ridley has specialised in officemarkets since 1980. His career

spent primarily in London, also includes working in manyother cities in particular in New York. He has also operatedin San Francisco, Los Angeles, Atlanta, Washington,Dublin, Madrid, Berlin, Munich, Helsinki, Paris, Tbilisi,Almaty, St Petersburg and Moscow.

He has advised on development and transactional work fordevelopers, investors and occupiers. He has run CentralLondon and National agency teams in CB Hillier Parkerand Colliers where he pioneered the market leading “NetStock Absorption” method of analysis. He now runs hisown property consultancy NCReal Estate Consulting.

In 2008/2009 he was elected President of the BritishCouncil for Offices and revolutionised their research withthe introduction of the BCO Research Portal. He is an active member of ULI. He has been instrumental in evolving the ULI LessEn initiative.

Struan RobertsonGlobal Co-Head Real Estate Investment Banking, Morgan Stanley, London, UK

Robertson first joined MorganStanley in 1988 and worked in theMortgage Finance and Corporate

Restructuring departments in New York. In 1990 he joinedthe Firm's European Real Estate department in London,spending the mid-to-late 1990’s in Europe with a focus onthe Continent. He moved to Tokyo at the end of 2000 asHead of Asian Real Estate Investment Banking and returned to Europe mid-2002 as Co-Head of EuropeanReal Estate Investment Banking. More recently, he ran boththe investment banking and the principal investment business in Europe and the Middle East before becomingCo-Head of Global Real Estate Banking based in Londonand Paris in 2007. Robertson graduated from Yale University with a BA in History.


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Christian SautterFormer Minister, Deputy Mayor ofParis

• Deputy Mayor of Paris, responsible for Employment; Economic Development and International Attractiveness (since March 2008).

• Chairman of Association « France Active » that provides funds aimed to foster the creation of jobs for people in great difficulty.• Chairman of Paris Development Agency (since july 2001)

Aged 70, he is a graduate from Ecole Polytechnique(1960), National School of Statistics and Economic Administration (1965) and the Paris Institute of PoliticalStudies (1966).

He has been Minister of Economy, Finances and Industry(November 1999 – March 2000) in Lionel JOSPIN’s government ; Deputy Minister in charge of Budget (June 1997- November 1999) ; Prefect of Paris and theIle-de-France region (1991-1993) ; Deputy Chief of Staff at the Presidency of the Republic when François MIT-TERAND was Head of State (1982-1985 and 1988-1990).

He had previously been director of the CEPII (Center forprospective studies and international Information thatworked with the National Planning Commission) and responsible for several units at INSEE (National Institute of Statistics and Economic Surveys) – (service of planningstudies, division in charge of studying companies).

Martha SchwartzPresident, Martha Schwartz Partners, London, UK

Schwartz is a landscape architectand artist with a major interest inurban projects and the explorationof innovative design expression in

the landscape. She has over 30 years of experience collaborating with world-renowned architects on a diverseportfolio of projects. As President of Martha SchwartzPartners in Cambridge, Massachusetts and London, UK,she provides landscape design solutions that enhance the

social, environmental, and economic sustainability of aplace and raises them to the level of fine art. Currently,Schwartz is a tenured Professor in Practice of LandscapeArchitecture at Harvard University Graduate School of Design. She is also the founder of the Harvard UniversityWorking Group for Sustainable Cities through which sheand her colleagues find solutions for urban sustainability issues. Schwartz has received numerous awards includingthe 2006 Cooper-Hewitt Landscape Award for her body ofwork. She has lectured and been published worldwide.

Peter SharrattGlobal Director – Energy & Sustainability Services, WSP Environment & Energy, London, UK

Sharratt leads WSP’s Energy andSustainability Advisory Services

worldwide. His key focus is transforming global cities andbusinesses through evidence based, sustainability ledstrategy and policy frameworks, strategic design and systems integration and project implementation.

He believes that cities have a key role in unlocking the‘green economy’ by acting as the world’s biggest marketplace for low carbon solutions that work. He has direct experience of leading policy, regulatory development andstrategic planning at national and regional levels; delivering pathfinder projects such as Masdar City, theDubai Urban and Green Buildings Regulatory System, as well as climate change adaptation strategies for global cities.

He has had strategic input in helping shape China’s eco-city programme under the auspices of the China-US-Centre for Sustainable Development and wasadvisor to China’s first national demonstration programmefor low carbon building technologies. He also works withleading corporates on the green business agenda creatingfor example sector led initiatives such as ACI Europe’s Airport Carbon Accreditation Scheme which covers 30%of European traffic and has certified the world’s first carbonneutral airports or PG+E’s sustainable community programme in California.

Ian ShepherdsonChief Economist, High FrequencyEconomics, London, UK

Shepherdson, a Briton who hasbeen described by the LondonTimes as one of “the best economists in the City”, offers a

unique, transatlantic perspective on the US economy. His publication, Daily Notes on the United States, is widelyread by financial market professionals, policymakers andjournalists in more than 20 countries.

Prior to joining High Frequency Economics in 1998, Shepherdson was Chief Economist, USA, for HSBC Securities, Inc. in New York. Prior to that appointment, hespent six years with HSBC in London, latterly as Chief UKEconomist, with a special focus on the housing market.

Shepherdson is a frequently quoted in the U.S. and international press, and has made many television andradio appearances. He is a past winner of the Wall StreetJournal’s Forecaster of the Year competition. He was one ofthe first economists to argue, as early as the autumn of2005, that the U.S. housing market was facing a major collapse that would trigger a recession.

He earned his Ph.D. in Economics and B.Sc. in Bankingand Finance from Loughborough University, England.

Jonathan ShortExecutive Chairman, Internos RealInvestors, London, UK

Short founded Internos Real Investors in 2008 with a businesspartner, Andrew Thornton. In 2009they jointly led the acquisition from

GPT, and subsequent integration into Internos, of theHalverton real estate investment management business.Internos is a Pan European property investment management business with €1.7 billion under management in five funds and two separate accounts in retail, industrial and office properties in Germany and Holland.


Short has 26 years of experience in the European investment banking and real estate investment management businesses. Prior to Internos, he was theCEO of Pramerica's real estate private equity business, where he founded four funds, the last of which raised $700 million of equity.

He also held positions at Lazard Bros, Barings, SG Warburgs and American National Bank and Trust Co of Chicago.

He has a degree in banking and finance from Loughborough University of Technology, is a member of The Chartered Institute of Bankers and is also Chairman of ULI UK.

Michael P. M. SpiesSenior Managing Director Head ofEurope, India, and Chair of Investment Committee, TishmanSpeyer, London, UK

Spies is responsible for TishmanSpeyer's European business and

oversees the company's activities in India. Spies serves on the firm's Executive, Investment, Management andCompensation committees. He chairs the InvestmentCommittee. Before joining Tishman Speyer in 1989, Spieswas executive vice president of the New York City PublicDevelopment Corporation (PDC), the primary economicdevelopment agent of the City of New York. Spies is a pasttrustee of the Urban Land Institute, and currently serves asVice Chairman of the Board of Trustees of the AmericanSchool in London. He is also vice-chairman of the Dean'sAlumni Leadership Council at Harvard's Kennedy Schoolof Government. Spies graduated with honors from Princeton University, and from Harvard University with amaster's degree in city and regional planning.

José Baeta TomásCEO, Sonae Sierra Brasil, SãoPaulo, Brazil

Tomás joined the Sonae Group in1982 and was appointed CEO of Modelo Supermercados SA in1983. In 1985 he became a

member of the Board and of the Executive Committee of Sonae Distribuição, the retailing holding division of the group.

In 1995 he was responsible for the creation and management of Sonae Distribuição Brasil, at the time thethird largest retail company of the country. From 2003 to2009 he was managing Tafisa Brasil, a Sonae Industriawoodpanel company as well as supervising all the activities of the Group in Brazil. He joined Sonae SierraBrasil in October 2009 and, in April 2010, he became CEO of this company.

Tomás has a degree in Finance from the Instituto Superiorde Economia in Lisbon and a Retail Marketing executiveprogram in Management center Europe in Oxford. He hasalso completed an Executive Program at Michigan University USA.

Etienne TricaudDeputy CEO, AREP GroupParis, France

Tricaud started out as a structuralengineer in 1985. He contributed,among other things, to the study of numerous glass and steel

structures, including the glass roofs covering courtyardsin the Louvre. For some years he also taught structural design to future architects at the Paris la Seine School of Architecture.

In 1986 he met Jean-Marie Duthilleul, with whom heshares a similar vision of project development, whichcombines a rational, context-driven approach with specialattention to usage and identity of place. As project leader

at SNCF, he was tasked with the project of restructuringMontparnasse mainline station in Paris. That particularproject served as a test-bed for building a team and creating a global approach and an architectural languagewhich he was to subsequently develop in numerous railway station programmes.

He founded AREP with Jean-Marie Duthilleul AREP in1997, and became its Chief Executive Officer. Etienne Tricaud collaborated on a wide range of major constructionprogrammes, namely civil engineering, architecture, anddesign from metropolitan area to whole urban neighbourhoods, to individual buildings and items ofurban furniture.

Gert UrhahnAssociate , Urhahn Urban Design,Amsterdam, The Netherlands

Urhahn is Associate of UrhahnUrban Design. He founded the Amsterdam based office in 1991and developed it into an innovative

urban design practice with a broad international portfolio.

Urhahn is particularly experienced in formulating renewalstrategies, specialized in complex assignments where various stakeholders are together aiming to find a soundand tailor-made solution, as a senior designer or as supervisor. He has published extensively on regenerationstrategies, housing and mixed use typologies and recently a book on ‘The Spontaneous City’.

Previously, Urhahn was Senior Urban Designer for theMunicipality of Amsterdam, with the redevelopment of theIJ river waterfronts in Amsterdam.

Urhahn uses his experience in the field as a passionatelecturer and workshop leader on urban design, the re-thinking of port cities, best city practices, and complexurban environments. Urhahn is a member of the International Federation for Housing and Planning (IFHP), currently starting up an international working group on theissue of ‘The Spontaneous City’.

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Kai van HasseltManaging DirectorShinsekai AnalysisAmsterdam, The Netherlands

Kai van Hasselt started ShinsekaiAnalysis in 2004. The firm aims to provide clients with cultural

intelligence and urban strategies for a continuously changing and urbanizing world. Kai focuses on what industry players in established and in emerging globalcities (including the Global South) can learn of eachother’s developments. He has worked among others with(landscape) architecture firms, (retail) real estate investors,cultural institutions and government.

Kai regularly lectures for companies and at educational institutions in the Netherlands and abroad. He teaches aclass on philosophy for retail design at the Piet Zwart Institute, Rotterdam. Kai studied economics and urbanplanning at the University of Amsterdam.

Pierre VaquierCEO, AXA Real Estate InvestmentManager (AXA REIM), Paris, France

Vaquier has over 30 years investment banking and property experience. He is currently CEO of

AXA Real Investment Manager, having joined AXA in1993. His responsabilities include the definition of AXAREIM strategy and its day to day management. In such capacity, he chairs AXA REIM Management Board and Executive Committee.

Vaquier is director of two listed property companies: Foncière des Régions SA and Mercialys SA. He is Vice-President and Director of Logement Français SA.Vaquier has held previous posts in France and in the U.S.with Paribas and AXA, having graduated from H.E.C. in 1980. Vaquier was associate at Paribas internationalprivate banking for two years. He then went to New York,took over responsibilities as a manager in real estate investment banking activities. He became CEO of ParibasProperties Inc. until 1992 and then was Director at Paribas

Asset Management. In 1993 he became Director of business development for what was called at the time AXA Immobilier in Paris and the Chairman and CEO ofColisées Services (AXA Group).

Vaquier was appointed Chairman and CEO of AXA REIMFrance in 1999.

Christoph WildgruberHead of Sustainability, Allianz RealEstate, Munich, Germany

Wildgruber, Head of Sustainabilityat Allianz Real Estate is in charge ofsustainability for the global real estate investment portfolio of

Allianz. After his education as a civil engineering at theTechnical University of Munich, he started in 1997 as aproject manager in Munich. After that he was working as amanagement consultant in the real estate industry as Executive Vice President at APSIS AG and as Manager atErnst & Young Real Estate. In 2005 Wildgruber was hiredby Deka Immobilien where he managed the reorganizationof the real estate business. After earning an MBA in International Real Estate Management in 2006 he supported the setup of an international real estate investment platform within the Allianz Group. Since June2010 he has been working in his new role.

Paul WilliamsAsset Management Director, Derwent London Plc, London, UK

Williams heads the Asset Management team and has responsibility for lease management and the delivery of

Derwent’s substantial projects.

Recent schemes include Burberry’s headquarters and therecent redevelopment of The Angel Building and a pre-letin part to Cancer Research.

Williams is a member of the British Council of offices andis also on the Working Group of the British Property Federation.

Derwent London is the largest central London focused realestate investment trust, owning a portfolio of 5.4 millionsq ft worth £2.3 billion.

Its business model has been developed to combine flair,innovation and management focus to add value to its extensive portfolio of properties and maintain a stablelong-term financial position.

Derwent have a reputation for anticipating the locations oftomorrow and contributing to London’s regeneration. It iscommitted to the highest quality of sustainable buildingdesign and to enable it to provide highly attractive spacefor our tenants.

Terri WillsLondon City Director, Clinton Climate Initiative, London, UK

Wills is the London City Directorfor the Clinton Climate Initiative(CCI) a programme of the

non-profit William J. Clinton Foundation. She works with the Mayor of London’s office and agencies, the private sector and other partners to move forward large-scale climate change mitigation projects includingbuilding retrofits; street lighting; electric vehicles and ‘Climate positive’ new developments.

Prior to her role with CCI, Wills was a Senior Policy Advisor for the Ontario Government, supporting the administration of a large-scale cleantech demonstrationfund. Wills also spent several years as a consultant inCanada advising on economic development of the creative industries. Before these roles, Wills lived in the UK and worked for the BBC, first as a Strategy Manager - where she led the development of partnershipplans for what is now the Salford MediaCityUK - and subsequently as a Head of Strategy. Wills holds an MSc from the London School of Economics and a BAH in Political Studies from Queen’s University, Canada.


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Supporter Profiles

AEW EuropeAEW Europe is a leading European real estate investment manager with 11 offices throughout Europe. AEW Europe is focused on the creation, execution and management of discretionary commingled investment vehicles, separate account strategies and real estate securities funds to both institutional investors and private clients.

The group has over 260 employees who are responsible forover €17 billion of assets under management. The integrationof AEW Europe with the resources and capabilities of NorthAmerican-based AEW Capital Management creates a trulyglobal real estate investment management platform with aggregate gross assets under management of more than €30 billion.

www.aeweurope.com

ECEECE successfully develops, realizes, leases and manages 132 shopping centers in 15 countries on a total sales surfaceof more than four million square meters. Furthermore, ECEhas realized more than 60 office and special real-estate projects. For quite a few years now the Hamburg-based company has its focus on internationalization. Subsidiarieswere established in Turkey, Poland, Hungary, Czech Republic,Greece, Austria, Russia, Switzerland, Lithuania, Romania, Bulgaria and Spain.

ECE also acts as a long-term investor. Centers managed byECE in Germany include the Potsdamer Platz Arkaden in Berlin,the “Promenaden” at Leipzig central station and the Schloss-Arkaden in Brunswick. Thier-Galerie, Dortmund andBahnhofCity Wien West, Vienna, are two of the recent projectsin the construction phase.

Eurohypo - a passion for solutions.Eurohypo is the professional international bank for commercialreal estate financing. In Germany and in our nine internationalcore markets France, Italy, Poland, Portugal, Russia, Spain,Turkey, UK and USA we are the leading provider of tailored financing solutions for professional real estate investors anddevelopers with long-term financing requirements. We financeoffices, retail, logistics, residential real estate and business hotels and we are focused on the financing of existing properties and developments as well as associated derivatives.In order to ensure the required liquidity at competitive prices,we pursue an effective refinancing strategy primarily usingPfandbriefe (Eurohypo is one of world’s largest issuers), one of the safest capital market instruments.

www.eurohypo.com

GrosvenorGrosvenor is a privately owned property group with offices in18 of the world’s most dynamic cities. It has five regional investment & development businesses in Britain & Ireland, the Americas, Continental Europe, Australia and Asia Pacific.Its international fund management business operates acrossthese markets.

Grosvenor Britain & Ireland’s strategy emphasises the creationand management of successful places, often involving a mix of residential, leisure and office uses. The core portfolio comprises a property portfolio across 300 acres of land acrossMayfair and Belgravia and we also undertake developmentacross London, and in selected city centres around the UK.

www.grosvenor.com

HROSince 1997, HRO has developed over 600,000 m² of prime office property in 19 projects across Europe.

The reputation of HRO in the office development market is unparalleled and recognised by numerous industry awards.

HRO identifies and develops in strategic locations. Offeringstate-of-the-art technology, HRO developments are distinguished by their architectural & environmental excellencein their conception, construction and operation. They provide amodern corporate image, flexibility, comfort, performance, afull range of amenities and services, cost and energy efficiencyfor their tenants.

The development team takes full responsibility for all aspectsof the individual projects, ensuring an in-depth understandingof the finished product and the continuity of the HRO designphilosophy.

www.hrogroup.com

LinklatersLinklaters' real estate sector expertise combines an outstandingtrack record and client relationships with global reach. Since 2008, we have seen challenging real estate marketswhich require the full range of solutions, often across borders. Our clients have asked us to advise on the full spectrum ofdeals: from high profile administrations and bank/corporate restructurings/debt for equity swaps, to capital raisings viaasset sales, sale and leasebacks, bond issues, convertible debtand rights issues, as well as investment acquisitions and newheadquarters developments.

www.linklaters.com


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Union Investment Real Estate GmbHUnion Investment Real Estate GmbH is a leading internationalinvestment management company specializing in open-endedreal estate funds for private and institutional investors in Germany. Assets under management amount to €18 billion.The portfolios of Union Investment’s open-ended real estatefunds comprise some 250 properties and projects in Germany,Europe, the Americas and Asia. Within the commercial real estate sector, the Hamburg-based company is active as an institutional investor, developer and landlord.

www.union-investment.com/realestate

ResolutionEstablished in 1998, Resolution is a UK based Real Estate Private Equity Fund with a focus on investing in commercialproperty across Europe and the UK. Over its lifespan the Fundhas raised over €1 billion of equity, with €400 million of unallocated equity currently at its disposal. Resolution has acquired over €2 billion in assets, comprising more than 46 transactions across a range of property sectors. The company was formed by an established and experiencedinvestment team, bringing together experience in architecture,banking, leasing, law, finance, real estate investment and international property development.

www.resolutionproperty.com

Tishman SpeyerMany of the world’s largest and most prestigious corporationsrely on Tishman Speyer to meet their office space needs. A leading international developer, owner, operator, and investment manager, the firm is active across North America,Europe, South America and Asia. Since its founding in 1978, it has acquired, developed and managed a portfolio of over 116million sq. ft. valued at over USD $50 (35 Euro) billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s OpernTurm, and Sao Paulo’sTorre Norte.

www.tishmanspeyer.com


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Transparent and objectiveThe entire website is fully accessible – all data is shared by partnerswith the goal of achieving better energy efficiency through sharingbest practice and experience.

In line with ULI’s mission to be an objective source of best practice,all case studies are peer-reviewed.

LessEn | www.less-en.org LessEn is a global movement with a clear sighted ambition to reduce the energy consumption of existing commercial buildings. Based around a web portal, LessEn aims to become the world’slargest free resource of impartial information, products and services for energy efficiency. It also aims to create the largest global community of individuals focused on reducing energy use and inspiring others to do better.

The LessEn taskDramatically reduce the energy consumption of our work places

Occupiers - reduce costs and inspire staff

Designers and Managers - shareknowledge and create business

Owners and Investors - maximise investment returns and CSR

All of us? - a better future

LessEn’s role Make the problems visible and the solutions clearLessEn cuts through - by identifying the problem then pointing to the best solution. We share knowledge, find the right tools and the best minds.


Laureate Circle

Chairman’s Circle

Director’s circle

ULI Corporate Partners

ULI Europe Sustaining MembersAEW Europe ■ AXA Real Estate Management ■ Benson Elliot Capital Management ■ DJDeloitte

ECE Projektmanagement ■ Eurohypo ■ Grosvenor ■ Homes and Communities Agency ■ ING Real Estate

JP Morgan Asset Management ■ Linklaters ■ Lovells ■ Resolution Property

RREEF ■ SNS Property Finance ■ Value Retail

The Urban Land Institute gratefully acknowledges the global support of the following organisations:

ULI Europe Trends Conference10-11 May 2011Amsterdam, The Netherlands

ULI Europe Spring Capital Markets ForumDate TBC | Invitation only

London, UK

2011 ULI Real Estate Summit at the Spring Council Forum 18-20 May 2011Phoenix Convention CenterPhoenix, Arizona

ULI Europe Leadership Retreat 201122-24 September 2011Invitation only, ULI member event.

ULI Urban Investment Network Summit23-24 November 2011Amsterdam, The Netherlands

2011 ULI Fall Meeting and Urban Land Expo 25-28 October 2011Los Angeles, California

For up to date information on the above events, please visit www.uli.org/europeFor details on the local, ULI Europe National Council, events please visit their individual sites:[country].uli.org

UpcomingEvents

Urban Land Institute - Europe29 Gloucester Place, London W1U 8HX, [email protected]

www.uli.org/europe www.uli.org


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