• The effect of demographic changes on the property market
• Inflation versus prices - where are we heading?

• How will your risk profile dictate your ability to invest?
• Competitive environments – invest or avoid?
• Using long-term contracts with competitive counter parties

Connecting buyers and sellers of risk, this session allows you to meet the key players in a brief but informal session. You’ve learned about derivatives: now it’s time to meet the existing and future players in this market. Be on first name terms with the senior executives in the real estate market and exchange business cards with real industry drivers. We’ve taken the headache out of networking: you will meet all of your new business prospects – no more squinting at name badges!

• Current trends and strategies
• Investment wish lists – is it all about alpha?

• Clarifying global market fundamentals from a European / US perspective
• The search for yield – where is the smart money shopping?
• Identifying where the large institutional and HNW investors are putting their equity

• Does Germany still offer better value in Europe – an alternative to compressed yields elsewhere
• Back on the REIT track? Will it happen this year?
• Changing appetites – is it goodbye to residential – welcome offices?

• Tier 2 cities – examining the marketplace for the range of capital size and diverse investment tastes
• Current and emerging investment opportunities
• Leveraging local partners' strengths

• Underweight pension fund allocations to property – to what extent will this be redressed? 
• Identifying the non-mainstream assets that will achieve superior returns
• Matching opportunities to the investor’s strategy – risk, return, liquidity
• Determining the attractive sectors - serviced offices, student housing, senior living facilities, cinemas, pubs, sport centres.

• How likely is Europe to follow the slowdown in U.S. home prices?
• Chief attractions of residential housing opportunities
• How are land shortages limiting expansion?
• The differences to consider amongst alternative residential asset classes: multi-family, senior living facilities, student accommodation

• Rationale behind portfolio discount and premium
• What’s the right pricing – why is portfolio risk assessed differently from individual property risk?
• How do you secure a reasonable investment?

• Capital flows to private equity – forecasted volumes and significant deals
• Pricing across the public and private markets
• Changing risk and return parameters relevant to the property market

• Major attractions of indirect investment vehicles – the role of specialised management
• Tackling major hurdles and their impact on the size of the market
• Trading and liquidity of private property vehicles
• Consistency and transparency – the need for industry standards
• How has the introduction of REITs affected the performance and popularity of the non-listed vehicles?

• Economic drivers of success for the hotel and tourism industry
• Duration of investments and the resulting   profile of investor
• Which deal structures offer the greatest opportunities - recent market changes to OPCO/PROPCO strategy
• Geographical hotspots

• To what extent is market education still a necessity?
• Most challenging issues – pricing, transparency and liquidity
• How is the secondary market likely to develop?
• Applications and impact of property derivatives on structuring property transactions
• Diversification option – what’s winning a place in your portfolio? REITs, derivatives or both?

• Overview of the “real” REIT regimes across Europe
• How soon is Germany likely to follow and what deficiencies have been discovered in the proposed legislation by major investors
• Capitalising on the effective tax and regulatory  regimes across Europe
• How are REITs perceived by the institutional investment community?

• What is multi-manager and fund of funds? Which markets do they invest in?
• Opportunities and challenges for multi-manager and fund of funds in Europe and beyond
• What can multi-managers can do to become the platform of choice for institutional investors – considering future product development and business strategies
• Identifying how multi-manager products are pushing the innovation curve to generate alpha in today’s competitive market
• New fund launches in Europe in the past 12 months – who are they and how are they doing?
• Who are the star performers? What are the hottest strategies coming up?

• Overview of available options – European specifics
• The underlying pricing benefits of available options; low-cost and flexible financing vs. additional legal and structural requirements
• REIT structures – tax incentives and limitations
• The advantages of an IPO

• Identifying the most tax-efficient locales and type of entities for use in cross-border investments given the nature of the fund and its investors
• Structuring cross-border investments in real estate, real estate companies, and debt secured by real estate in numerous jurisdictions
• Focus on cash flow patterns changes in rents and capital values and on the impact of currency movements
• Focus on the underlying fundamentals

A focused session for investors and advisers. Examining particular types and attractions of cross-border investment structures, this is the perfect opportunity to gain competitive advantage with best practice use of investment vehicles.

The first part will discuss the risks and rewards of existing and planned trust and fund structures in: UK, France (SIIC, OPCI), Belgium (SICAF), The Netherlands (SICAV, VBI, FBI, FGR), Germany, Bulgaria and Italy (SIIQ) from a legal, tax and ROI perspective, as well as discovering for which market participants these structures provide the greatest opportunities.

After the break you will have a chance to learn about off-shore (JPUTS / GPUTS, open and closed ended property funds - new listed fund) and Luxembourg structures, covering the new law on discuss the risks lightly regulated, operationally flexible and fiscally efficient investment fund regime for an international qualified investor base.