• What is the potential for a pan-European REIT model to succeed?
• What would be the benefits of a European REIT over national REITs?
• Is it possible? Isn’t tax harmonisation at EU level particularly difficult?

• What can the UK market learn from the US REIT industry?
• How similar is the UK market to the US experience?
• Why are US REITs starting to go private?

•  Where do the REIT opportunities lie within Asia?
• Managing cross-border investments within Asia
• Is the Asian market the way forward for global investors?

•  What type of new REITs could be launched outside of existing portfolios?
• Identifying what issues need to be resolved before new REITs take off
• To what extent will international investors drive the creation of new REITs
• Why has the appetite for launching new REITs not matched the hype?

• To what extent is specialisation the key to the development of the REIT market?
• What are the pros and cons behind geographic or sector specialisation?
• Examining the influence of investor demands on specialisation

• Are REITs an attractive part of the investment portfolio?
• REITs vs OEICs vs AUTs: which way for institutional investors?
• Evaluating REITs as a property investment tool vs non REIT vehicles
• Are the shares behaving differently in light of conversion?
• Examining new valuation metrics for UK-REITs
• Income vs growth stock: where do REITs sit?

• Getting up to speed with legislative changes
• Examining pitfalls within the UK REIT structures
• What technical issues still need to be overcome for new REITs?
• Joint ventures with UK-REIT investors

Connecting investors with real estate managers, this structured networking session allows you to meet all the key players. You’ve learned about strategic opportunities: now it’s time to meet the asset managers, property companies and specialist advisors. Strike up valuable one to one meetings with your prospects. We’ve taken the headache out of networking: you can now gain personal introductions to the decision makers who are your potential clients and partners.

• How could derivatives be used in the REITs property debate?
• Dispelling the myth that either is in competition with the other
• How derivatives work in an overall property investment strategy

• Listing as REITs vs staying private: which way forward for the property sector?
• Why are private equity firms attracted to the property sector?
• Evaluating the main cross-border transactions
• How much longer will the global flows last given the market sentiment?

• Performance to date: did the reality match the predictions?
• What are the major differences having converted?
• Has the nature of the underlying assets or the business model changed?
• To what extent does the REIT platform allow for further expansion?

09:25    Stephen Hester, CEO, British Land

09:45    Harry Hyman, Managing Director, Primary Health Properties

10:05    John Richards, CEO, Hammerson

10:25    Q&A

• Understanding the reasons for not converting
• Evaluating the impact of REITs on the overall property market
• Is conversion an asset allocation or shareholder driven issue?
• What are the options for companies not willing or able to convert to REITs?

Moderator:
Alex Moss, Founder,
AME Capital

For the motion:

Liz Peace, CEO,
British Property Federation

John Gellatly, Director, Head of Global Fund of Funds,
Blackrock

Against the motion:

William Sunnucks, Group FD,
Capital & Regional

Nick Shattock, Deputy CEO,
Quintain Estates

• Bricks & mortar vs securities:  which is most effective as a risk diversifier?
• Do retail investors understand the value behind indirect ownership?
• Do REITs behave like equities or property and how will this impact investment strategy?

• Understanding the importance of branding for the property sector
• Examining how to go about building a property brand
• Effectively communicating your message

• To what extent can IFAs and stockbrokers help drive the development of UK REITs?
• How will brokers and IFAs manage client expectations?
• Assessing the optimum distribution channel for REITs
• Are low yields on income property funds attractive to retail investors given offshore alternatives?

• Focussing on where the REIT opportunities lie
• Understanding cross border regulations and developments
• Examining how to overcome market entry barriers for international investors
• Strategies for successfully working with local players

Who should attend?

This workshop is a fantastic opportunity for those involved in the property sector or with significant property interests and will invaluable for:

• Senior investors
• Pension funds and institution
• Property companies
• Corporates with large property portfolios

The purpose of the workshop is to obtain an in-depth understanding of the topical issues involving REITs.

• New opportunities - the identity and impact of the 'second wave'
• Structuring options for new entrants and investors
• The road to market - which market?

The workshop will take a practical look at the pros  and cons of REITs in the UK market covering:

• Limitations of the current regime and likely future changes
• The impact of REITs on the real estate investment market
• Competition with other vehicles including AIFs

Q&A: your opportunity to discuss and explore with the legal experts the current issues in this evolving sector

The Reita Roadshow is free to attend but reserved for professional advisors only (wealth managers, stock brokers and IFAs) Places are limited so please register your interest as soon as possible by emailing vikas.vij@terrapinn.com. Once registered you’ll be contacted directly to confirm your place.