CONFERENCE DAY 2 - 4 MAY 2017

 

REIW Asia 2017 day 2

09:00

Chair's opening remarks

Keynote: disruption & portfolio management

Panel discussion
09:10

What does a successful global portfolio look like?

  • How diversified a portfolio do you need, and how can you spread your risk?
  • Emerging economies vs. A grade geographies
  • Active vs. passive investment management: What makes the most sense? Is it just about ‘beating the market’?
  • Trend of large investors buying and managing real estate directly, rather than through co-mingled funds
David Moskowitz
09:50

Blockchain meets real estate investment: A game changer?

  • What are the benefits for CRE investors of a distributed ledger? Will there be trust issues with the lack of a central authority?
  • What prospect is there for increased use of digital currencies in CRE transactions? Are different geographies likely to be more amenable to it?
  • Smart, ‘self-executing’ contracts
  • What are the realistic prospects for the adoption of blockchain technology in an entrenched industry like commercial real estate investment, and is there a likely timescale?
Panel discussion
10:10

CRE Investment Disruption: What do you need to know?

Disruption in many other industries is creating a wealth of opportunity for real estate investors, but what about a little closer to home?
  • With the advent of artificially intelligent robo-investing, could the real estate investment market be democratized by technology?
  • Could crowdfunding become a real source in this market, or is it just too small-time to play outside of assets such as single family homes?
  • With over US $1.6 billion raised by real estate tech start-ups in the first half of 2016, how much do CRE investors need to keep abreast of these trends and changes?
  • What about the useful technology? What do we expect to see in the near future that could enhance CRE investors’ ability to make great investments?
10:50

Networking refreshment break

REITs

Panel discussion
11:30

The changing dynamics of the REIT market

  • Will the activities of some businesses, which labelled themselves as REITs to avoid taxes and enjoy higher valuations result in a limiting of REIT powers and benefits?
  • Is the emergence of alternative asset classes such as data centres and e-commerce warehouses going to create new REIT opportunities in Asia and elsewhere?
  • We’ve recently seen the launch of both the first ETF with a focus on Asia Pacific REITs and the new SGX index tracking 30 Asia-Pacific REITs, but what does that really mean for the REIT market?
  • Will we see an increase in Asian REITs deploying capital into overseas projects?
  • In an increasingly competitive environment, how can REITs ensure that their portfolio and unit acquisitions continue to deliver value to their shareholders?
Panel discussion
12:10

Asia Pacific REIT markets: What are the opportunities and where are the returns?

  • What are the developments and progress in the Asia Pacific REIT Markets – Australia, Singapore, Hong Kong, Thailand etc.?
  • How have they performed - before, during and after the Global Financial Crises and what are the lessons learned?
  • What are the relative attractiveness of the various REIT markets in the Asia Pacific Countries, and how do developing/emerging markets stack up against established core markets in terms of investment potential?
  • We’ve recently seen the launch of both the first ETF with a focus on Asia Pacific REITs and the new SGX index tracking 30 Asia-Pacific REIT. What was the rationale behind launching this award-winning, innovative ETF?
  • What can we expect in terms of new ETF launches focusing on REITs  and the accompanying index methodologies, and what is the outlook for these in emerging markets?
12:40

Networking lunch

Country spotlights

Alternative investments

Geographies
14:10

Singapore

  • Is the large amount of high quality office space coming online in Singapore’s market causing oversupply and pricing issues?
  • Opportunities for data centre investments and other alternative asset classes
  • Singapore has some high-performing REITs – is this a trend expected to continue?
  • How easy is it to secure capital in Singapore?
  • Where’s the residential opportunity in Singapore? Does it sit in luxury housing or elsewhere?
Assets
14:10

Data centres

As one of the most profitable infrastructure investments available in the market now, and with no sign of slowing down as the world moves into an increasingly digital age, shouldn’t you be thinking about data centres?
  • Data Centre REITs are beginning to develop a much broader audience on Wall Street and data centre stocks are getting more investor attention: So what does this mean for you?
  • How can you accurately assess the risk profile of data centre investments? What are the specifics you need to be aware of?
  • Should you only invest through REITs or directly?
  • Is there any appetite from banks to provide senior debt into this market?
  • If you are a real estate owner, should you be courting data centres in your property?
Geographies
14:40

Australia

Panel Discussion runs from 14:40 - 15:10 
  • On a transactional basis, Sydney & Melbourne are now the biggest real estate markets in Asia, after Tokyo, with it remaining attractive to foreign buyers, but there aren’t a lot of assets available
  • How has intensified deal competition affected deal sizes? Are fewer transactions leading to more consortium deals?
  • Is there still room for yields to tighten in this market, and are investors willing to absorb it?
Assets
14:40

Shared workspaces

  • Is shared workspace investing different to traditional office investment? How can you hedge your risk when tenants are naturally more short-lived?
  • Do shared workspaces offer an alternative business model for unused office space?
  • What impact are shared workspaces having on traditional office investment?
  • How important is location in shared workspace investing?
  • What’s the appetite in Asia for shared workspaces?
Assets
15:00

The Co-working REIT - How a community based approach is about to disrupt Mega real-estate

  • ​The misconception that co-working means hot desking
  • The reality that asset owners are now sharing the market with compelling alternatives
  • Grow or be disrupted – a co-working REIT is coming
Geographies
15:20

North Asia opportunities

Panel discussion runs from 15:10-15:50

We explore investment opportunities across a number of key north Asian geographies, including Hong Kong, Japan & South Korea:
 
Hong Kong:
  • What opportunities is the development of “CBD2” in Kowloon creating for investors?
  • Are impending interest rate hikes and falling property prices from record highs in 2015 affecting investor sentiment towards Hong Kong?
Japan:
  • How is the depreciation of the yen affecting CRE investments? Are we likely to see a continued influx of foreign capital? If the yen starts to improve, will the trend of tightening prices and cap rates be reversed?
  • With local REITs easing back on their buying, what opportunities does this create for international players?
  • Is access to cheap bank debt a cause for concern in the long-term for international investors?
South Korea:
  • Is less competition for assets making South Korea worth another look?
  • The lure of the Gateway City: With the cheapest office space per square foot of any city in Asia, and low cost of capital, will this be the next core hotspot in Asia?

The family office perspective

Panel discussion
15:50

Cutting out the middle man: New trends in family office investing

  • Reducing reliance on fund managers: Is the trend of family offices investing directly set to continue, or will fund participation still be there?
  • Risk profile: Are family offices less risk-averse than their institutional counterparts?
  • The Brexit effect: As some investors pull money from UK property funds, what opportunities does this create for family offices?
  • What is the appetite of family offices for investing in alternative asset classes such as shared workspaces, data centres etc?
  • What opportunities are there for collaboration between traditional CRE investors and family offices?
Nadav Lehavy, Managing Director, Sandaire Family Investment Office
16:30

closing networking refreshments

last published: 02/May/17 01:15 GMT

 

 

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