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THURSDAY 16 MAY MAIN CONFERENCE DAYFRIDAY 17 MAY YPREF Programme available here

P R O G R A M M E

Dealing with the Grey: Opportunity and Discipline

H O S T E D B Y

Conference co-chairs: Claire Fawcett – Clifford Chance Nicola Free – HSBC Bank Tracy Dossett – Brockton Everlast

Clifford Chance 10 Upper Bank St, Canary Wharf London E14 5JJ

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08:45 – 09:30 Registration & networking breakfastSponsored by

09:25 – 09:35 Opening Remarks

Barry Fowler, Chair - CREFC Europe Managing Director - Alternative Income, Aviva Investors

KEYNOTE SPEAKER09:35 – 10:20 Robert Peston

Robert Peston is ITV’s Political Editor and host of their flagship politics and current affairs show, Peston. He covers the latest happenings in Westminster and beyond, interviewing the important players on the national and international political scenes.

10:25 – 11:10 Geographical uncertainty

• Where are people investing and why?• Recent trends• Opportunities and threats to where people invest

Moderator: Gregory Clerc, Managing Director – Global Markets, Bank of America Merrill Lynch Panellists:Stephen Morita, Director, Eastdil SecuredChristophe Kuhbier, Managing Director, Henderson ParkDuncan MacPherson, Managing Director, Starwood Capital Europe Advisors LLP

11:10 – 11:35 Morning breakSponsored by

THURSDAY 16 MAY

15 MAYat 1 Lombard

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SPEAKERS’ DINNER

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11:35 – 12:20 Sources of liquidity

• Who is investing and who is lending? Where is capital coming from?• Trends in the CRE debt market – debt products, lending strategies, risks and opportunities• How are socio-economic and political headwinds impacting liquidity and the search for yield?• Lessons learnt? Are disciplines learnt in previous cycles impacting on how opportunities are

exploited?

Moderator: Claire Fawcett, Director – Real Estate Finance, Clifford Chance Panellists:Jon Farkas, Senior Vice President, Colony CapitalCyril Courbage, Managing Director, Fortress Investment GroupChris Holmes, Head of Debt UK, JLL Ray Taylor, Principal Real Estate, KKR

12:25 – 13:10 The rise of flexible working - implications for asset value and underwriting

• Flex share of the leasing market• Variety of flex offers - how have investors responded to meet demand?• Drivers of value - flex models vs traditional leases?• Lessons from other operational real estate - e.g. Hotels• Transparency and availability of data

Moderator:Nick Knight, Executive Director – Valuation & Advisory Services, CBRE LtdPanellists:Enrico Sanna, CEO & Co-Founder, ForaOli Knight, Flexible Office Director & Head of Myo, LandsecBill Page, Head of Real Estate Markets Research, LGIM Real Assets

13:15 – 14:15 LunchSponsored by

14:15 – 15:00 Housing and alternatives (a different kind of grey…)

• Welcome to structurally defensive real estate, where uncertainty isn’t the issue• What are the bottlenecks and the challenges of a lot of equity capital seeking deployment in this

part of the market?• How can (and when will) modern methods of construction deliver social impact and help meet the

demand for affordable supply of stock?

Moderator: Anne Copeland, Fund Manager – Property, Kames Capital Panellists:Pippa Harrison, Director, Avison YoungAlexandra Notay, Build to Rent Fund Director, PfP CapitalJamie Bennie-Coulson, Real Estate Finance, Royal Bank of Scotland

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15:05 – 15:50 Retail and logistics

• How much of the current boom in industrial and slump in property retail is an inevitable result of changes in the way consumers buy, and how much is due to a “herd mentality” of investors?

• Catching a falling knife, or is there an investment case (debt and equity) to be made in UK retail real estate?

• How can real estate investors (debt and equity) facilitate the regeneration of the UK high street?

Moderator: Chris Tilbrook, Director – Debt Advisory, PwC Panellists:Harish Shama, Specialist Real Estate, Barclays Mark Robinson, Property Director & Co-Founder, EllandiSimon Morris, Director & Board Member, GCWTony Edgley, Chairman, M7 Real EstateCorin Thoday, CEO, Targetfollow

15:50 – 16:15 Afternoon breakSponsored by

16:15 – 17:05 What’s in store? The Future – watch this space

Moderator: Barry Fowler, Chair – CREFC Europe Managing Director – Alternative Income, Aviva Investors Panellists:Oliver Hudson, Associate Director, Built-ID Carrie Hartle, Principal, DRC CapitalJoyeeta Das, CEO & Founder, GYANA Graham Smith, Director – Sustainable Financing Unit, HSBC Global Banking and Markets

17:05 – 17:25 Wrap up & closing remarks

17:30Sponsored by

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