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Day One Thursday 24 April 2008
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08.30 | Registration and refreshments
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09.10 | Chairman’s opening remarks
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| THE ALLURE OF RUSSIA: WHY REAL ESTATE, WHY NOW? |
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09.20 | Opening keynote address: looking at the bigger picture: Russia’s macroeconomic outlook and what it means for investors
- Outlining the current Russian political and economic climate
- Analysing the consequences of Russia’s joining the World Trade Organisation
- What is the state doing to attract foreign investors?
- Public private partnerships – the wealth of new opportunities
- Safeguards in place to protect investors
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09.50 | Keynote address: juxtaposing emerging real estate: Russia vs. Brazil, India and China
- Economic drivers of success for the emerging real estate industry
- Geographical hotspots: which BRIC countries will offer the highest returns in the near future?
- Duration of investments and the resulting profile of investor
- Which deal structures offer the greatest opportunities?
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10.20 | Investor panel session: what is driving the appetite for property?
- Uncovering the strategies favoured by international investors
- Analysing key trends and main disadvantages of the Russian real estate market
- Does Russian real estate match investors’ expectations?
- Analysing market conditions and future performance
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| | Mr Charles Voss, International Director Eastern Europe, Aberdeen Property Investors
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11.10 | Morning refreshments
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THE RUSSIAN REAL ESTATE MARKET – SECTOR ANALYSIS
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11.40 | Latest developments in the Russian real estate legislation
- Comprehensive analysis of market conditions and fundamentals driving the real estate sector in Moscow and St Petersburg
- Navigating your way through the legal twists: what do you need to know before entering the market?
- Looking into Public Private Partnerships and assessing main principles of cooperation
- Integrated investment projects in Russia
- Legal prerequisites for implementation
- New regulation on land allocation
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12.10 | Panel session: exploring the potential of the variety of asset classes
- Overview of the residential, commercial, retail & recreational sectors: what are the key market indicators for investments in each sector?
- What are the sources of yield and capitalisation rate compression?
- Forecasting major development and investment trends in the next few years
- Testing the potential of infrastructure as an investment
- Analysing the impact of changing consumer demographics on the outlook of the commercial real
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| | Mr Jörg Banzhaf, Managing Director International Property Development, ECE Projektmanagement International
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12.50 | Lunch
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14.00 | Real estate transactions in Russia: where we need to focus
- the procedures for obtaining title to a site
- greenfield: pros & cons
- brownfield: pros & cons
- Common myths about Russian real estate
- common myths and reality
- what are the chances of encountering a problem? Recent cases
- Dealing with the authorities
- practical tips for foreign investors
- their role in investment project implementation
- redistribution of interest
- Current trends in the real estate market and expectations
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14.30 | Speed networking
A Terrapinn innovation, this is the revolutionary, exciting, quick and non-pressured way to meet fellow conference delegates and industry peers in one 40-min session. These brief meetings are the starting point for conversation and networking throughout the conference. Bring plenty of business cards along for a fast and furious interactive session - this is where long-lasting and profitable business relationships begin.
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15.10 | Afternoon refreshments
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15.20 | Developers showcase: revealing the hottest opportunities
- Introducing projects: anticipated levels of investment & returns
- Essential financing and deal structure characteristics
- Managing project specific risks
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15.30 | Case study: office
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15.50 | Case study: mixed-use (office buildings and multifunctional complexes)
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16.10 | Case study: hotel
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| | Mr Ryan McRae, Development Director - Northern Europe, Hilton Hotels
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16.30 | Case study: logistics/warehouse
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16.50 | Developers Q&A: interactive discussion forum
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17.10 | Chairman’s closing remarks
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17.20 | Networking cocktail reception
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Day Two Friday, 25 April 2008
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08.30 | Morning refreshments
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09.00 | Chairman’s opening remarks
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| REGIONAL PANORAMA & EMERGING TRENDS |
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09.10 | Panel session: beyond Moscow and St. Petersburg: the oasis of new opportunities?
- Unmasking the greatest potential outside the capital
- Understanding the impact of demographic and economic trends on property prices
- Which Russian cities enjoy the fastest growing investor demand and offer the strongest returns?
- The future - shopping centre in every city?
- Sochi 2014 – the next Monte Carlo? What lies beyond the Olympics?
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10.00 | Mitigating risk in Russian real estate investments
- Ownership records: how reliable?
- Administrative process: how efficient?
- Legal framework: how consistent?
- Sloppy privatization
- Environmental issues: universal, or are there some “clean” spots?
- Technical abilities: any signs of improvement in construction quality?
- Currency risks: should we all be borrowing Swiss francs?
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10.30 | Morning refreshments
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| KEY SUCCESS FACTORS FOR CIS INVESTMENTS
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11.00 | Panel session: everything you need to know about investing in CIS real estate
- Investment opportunities: overcoming market barriers and analysing entry strategies
- Do CIS countries pose competition to the Russian real estate sector?
- Dealing with uncertainties in these markets
- Where does the future lie?
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11.40 | Real estate investment opportunities in Central Asia
- Central Asia market overview
- Central Asia real estate market overview by countries: Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan
- Risks vs returns
- Case studies and best investment practices
- Future outlook for the real estate market development in the region
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12.10 | lunch
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| WHERE INTERNATIONAL CAPITAL MARKETS MEET RUSSIAN REAL ESATE |
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13.10 | The effects of the ongoing revolution in debt financing on the real estate market
- Understanding general structures of real estate debt markets
- Debt capital markets and their impact on investment
- Market drivers for finance options: mezzanine financing, debt financing
- What are the implications of using leases?
- Bad debts and the consequences for overall market performance
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13.40 | Panel session: real estate financing in Russia
- Bridging the gap between international capital markets and Russian real estate
- Availability of financing for real estate developers
- The most effective techniques for raising capital for development projects
- Risk assessment and the years ahead
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14.20 | Afternoon refreshments
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14.50 | The role of private equity in the Russian real estate boom
- Biggest challenges in attracting foreign capital
- Private equity real estate funds vs. closed end funds
- Where do private equity investors see the real value in Russian real estate?
- Which market segments are the most attractive for the private equity funds today and for the future: office, warehouse & logistics, residential, infrastructure?
- Successful exit strategies
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15.20 | Panel session: initial public offering – marrying the needs of investors and developers
- Latest IPO trends in Russian real estate market and where the future opportunities lie
- What are the implications of going public?
- Mechanisms behind attracting public capital
- Investigating the consequences of added disclosure for investors
- IPO as an exit strategy for private equity investors in Russian real estate
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16.00 | Chairman’s closing remarks
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17.20 | End of conference
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Pre-conference workshop Wednesday 23 April 2008
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| Russian real estate masterclass: IPO ACADEMY led by Deutsche bank |
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13.00 | Equity Capital Markets update – global, Russian, real estate
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13.15 | IPO as a fundraising alternative
- Main pros and cons
- Key challenges of a floatation
- What investors are looking for
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13.45 | Valuation considerations for real estate companies
- Approach to valuation methodologies
- Key drivers for valuation premium/discount
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14.15 | Specific choices in the IPO process
- Listing location decision tree
- Key listing requirements
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14.30 | Afternoon refreshments
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15.00 | Structuring and execution issues
- Marketing strategy and roadshows
- Corporate governance
- Timing considerations
- Management remuneration – current trends
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16.15 | Case Studies
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16.30 | Q&A sessions
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17.00 | End of workshop
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