Versammlung für führende Immobilienexperten um internationales Kapital für nationale Produkte zu finden
Nach den letzten zwei Jahren, die von Unsicherheiten und Marktvolatilitäten in den deutschen und internationalen Immobilienmärkten, geprägt waren, haben viele Investoren mehr Optimismus für 2022 und die weiteren kommenden Jahre. Zum 17. Mal werden sich Teilnehmer zusammenfinden, um neue Deals abzuschließen und Geschäftspartner zu finden.
Das Format
Diskussionen hinter geschlossenen Türen, Keynote Sprecher, Fallstudien, Debatten, Präsentationen und neue Einsichten in die Märkte.
Die Teilnehmer
Private Equity Investoren, Fondsmanager, Betreiber, LPs, Projektentwickler, Asset Besitzer und Kreditgeber, die aktiv in die deutschen Immobilienmärkte investieren."Die Teilnehmer Demographie ist vielschichtig und charakterisiert sich durch ihre Expertise. Das GRI Format gibt die Möglichkeit offene Konversationen miteinander zu haben."
Gerhard Meitinger
Head of Real Estate Finance Germany
pbb Deutsche Pfandbriefbank
Timetable
Future City Landscapes
Public & private partnerships the way forward?
- Changing City Landscapes - How will new ways of living, working & mobility impact city structures?
- ESG & Climate Impacts - Incorporating sustainable & social structures into cities
- Space Distribution - Will 15 minute cities become the new driver for city layouts?
- The Affordability Question - How to create more sustainably priced city hubs?
- Private Capital - Will investors need to work more closely with the public sector?
- Innovative Neighbourhoods - Mixed use as the only way forward?
Rethinking 'Space'
Is there a common strategy for innovation that aligns with profit?
- Strategies - How to readjust complementary but distinct strategies to organize, accelerate and execute an innovative portfolio?
- Digital Solutions for Unlocking Value in Portfolios - What's the investment appetite?
- Portfolio Management - Are real estate players embracing more tech, innovative & ESG solutions to build and diversify an innovative portfolio?
- Data-based and AI-supported Solutions - The best or only tools? Is the data necessary to unlock value?
- Financial Results - Significantly positive KPIs highlights & what's to come to unlock more investments?
Alternative Finanzierungsmöglichkeiten
Innovation vs Refinanzierung; wie Wettbewerbsfähig bleiben?
- New Financing Products - Offering better solutions in a volatile market?
- Banks, Debt Funds, Mezz - Any upsides to more risk & higher prices?
- Adjusting Returns Depending on Risk Appetite?
European Investment Cycle
Cyclical downturn vs structural shifts, how to adapt?
- GDP, interest rates & unemployment - Where are we headed in 2021?
- Market Distortion - Non-cyclical cool down of the markets?
- Inflation Risk - Increased concerns or not much to worry about?
- Diversification as the only safety net?
- Germany's Position - Will the golden years continue?
Berlin
Profitable Renditejagd oder zu viele Regulationen?
- New Coalition - What impacts can we expect for the real estate market?
- Mietendeckel 2.0 in the Making?
- Asset Classes - Which sector will be king in 2022?
- The Affordability Question - Any way to make the numbers work?
Seniorenresidenzen & Betreutes Wohnen
Demografie Favorit; genug um über die Betreiber Hindernisse zu springen?
- Disproportionate Demand Increases - Can the markets tackle the requirements of an aging population?
- Affordability - What will be the real demand for new build senior housing BTR?
- Lack of Product - Repurposing inner city spaces offering new opportunities?
Net Zero & ESG
The challenge of 2022?
- E in the Spotlight - Aligning demands across the whole matrix
- Getting a Hold of S - Any consensus on measuring social impact?
- Net Zero - Regulatory crackdowns; what can we expect in 2022?
- Operational & Embodied Carbon - Will we need a stronger shift in approaches to tackle them?
Preise & Evaluationen
Käufer oder Verkäufer am Steuer?
- Pricing - Is there a dissonance between buyers & sellers?
- Asset Classes - Are we seeing changes in prices across riskier assets like hotels & retail?
- Valuations - Have factors changed to post pandemic valuations?
- Demand & Supply - Do we see an imbalance across any asset classes & locations?
Repositionierung von Arbeitsplätzen
Sekundäre Standorte wieder zu haben?
- Investor Appetite - Capital allocations still going strong or too much risk?
- Occupiers Demands - Go green & go flex, are landlords adapting quick enough?
- Blurred Lines - Moving beyond categorising spaces by asset class?
- Flexible Leasing - What short to long term plans are occupiers making? What are the impacts on real estate business models & valuations?
- Space Planning - Can technology help align occupier and landlord needs to optimise spaces?
- Work from Anywhere & Tenant Experience - Can landlords leverage tech to provide a seamless occupier experience whether working remotely, at home or office?
Retail in the Digital Information Age
AI, metaverse & robotics impacting consumer behaviour irreversibly
- Retail - Secure investment asset classes instead of alternatives, but how futureproof is the sector?
- Digitisation & Big Data - How is it changing the industry and what can be expected next?
- AI & Metaverse - How relevant will it become and where to start?
- ESG Considerations - How can tech support the transition?
BTR Wohnimmobilien
Haben wir den Skalierungsfaktor verloren?
- Rental Growth Slowdown - Increased construction and lower urban population numbers impacting pricing?
- Fundamentals - Shifting capital allocation strategies still favouring living assets?
- Affordability as the key issue going forward
- Regulations Under a New Coalition - What can the German markets expect?
Opportunistisch & Value Add
Löst ESG eine Value add Welle aus oder noch zu viel Risiko?
- Polarisation of Markets - Value add opportunities to flood the markets?
- Buy Cheap, Sell Green - Is value adding brownfield offering decent returns?
- Portfolio Resilience & Finding Value - Cities vs Assets
- Value Add Markets in Germany - How to identify future projects and ensure their quality and profit?
- Rates & Yields - When and how can we ensure profitability of those deals?
- Banks' Appetite & Lending Confidence - Are lenders following up the risk curve?
Logistics Bubble!
How low can we go?
- Supply Demand Imbalance - Pricing tensions across investments & occupiers
- Pricing Risks - Any differentiations between locations & markets?
- Affordability Question - Slower developments & increased demand; where is the glass ceiling?
- Yield Compressions - With capital coming in, how low can they go?
Raising & Allocating Capital
Same old, saturated or some hidden gems?
- Cross Border Capital Streams - Inbound investment destinations
- Regulations in the Markets - Closing off opportunities for lenders & investors?
- Debt Leveraging - Risk assessment & pricing in dissonance?
- Allocation Game - Delivering value during volatile periods
- A Saturated Market - JVs, re-capitalisations or platform investments; what offers best solutions for investors?
- Relative Risk Reward - Location vs asset classes
Zukünftiger Einzelhandel
Neuerfindung von High Streets & Shopping Centres?
- New mobility; new retail locations and where to find them?
- Have we seen rock bottom for retail rental prices or is the worst to come?
- New Demographic Factors - Could the elderly become the main target group for bricks n mortar retail?
Office Investments
Flight to Core or ESG offering competitive premiums?
- Pricing, demand & investment fundamentals
- Will ESG be the key metric going forward?
- Grade A Short & Long Term - What forecasts for valuations, capital growth, rents and leasing structures?
- CBD & Prime Locations - What has changed?
Macroeconomic Keynote
Dr. Jörg Krämer ist Chefvolkswirt der Commerzbank AG und Bereichsvorstand für Research. Zuvor war er Chefvolkswirt der Bayerischen Hypo- und Vereinsbank in München und Chefvolkswirt der Invesco Asset Management Deutschland GmbH in Frankfurt. Seine Laufbahn hat Hr. Dr. Krämer am Kieler Institut für Weltwirtschaft begonnen; dort wurde er von Prof. Dr. Horst Siebert, dem ehemaligen Präsidenten des Instituts, promoviert. Hr. Dr. Krämer ist seit 2009 Mitglied des EZB-Schattenrats. Er wurde in Düsseldorf geboren, sein Studium der Volkswirtschaft absolvierte er an den Universitäten von Bonn und Münster.
Wertfindung in Deutschland
Standort, Nachfragetrends oder ESG der Faktor zum Erfolg?
- ESG Considerations - How will they impact portfolio and investment strategies going forward?
- Top 7 & Beyond - Understanding the new pricing and demand landscape
- Valuations - Winners & Losers; will ESG become the new major metric?
- Changing Demographics - An ageing population & influx of immigrants shaping real estate demand
- Regulations - Will the affordability question trigger more extensive laws?
- Asset Classes - Which locations offer the best opportunities?
Core, Core+ & Super Core
Wo ist die Gewinnzone?
- Shifting Definitions - What is considered core post pandemic?
- Core vs Super Core - Is location still the most important differentiating factor?
- ESG Considerations - How important is net zero really?
- Investment Appetite - Is core still the investment asset?
Hospitality & Alternative Resi
Is capital coming back to the sectors or still in trouble?
- Liquidity - Investors, operators & owners to deploy capital to fill the gap on cash flows?
- Rise of Service - Amenities more important than size?
- Impact on Valuations - How are new models changing the game?
- Hotel Investment Transactions - where is the capital appetite coming from?
- Alternative Resi - Student housing, co-living & co; which asset classes is seeing capital allocations?
- Any Lessons Learned from a Mature US Market?
- Sustainability Strategies - What are the strategies for current assets, ongoing deals and pipeline opportunities?
Ostdeutschland
Up & coming oder bereits überteuert?
- Price Development - Slower increases a concern for 2022?
- Stable Demand -
- Seller vs Buyer Market - Are buyers still dominating the markets?
- Emerging Hotspots - Which cities are investors looking at?
Discussions
European Investment Cycle
Cyclical downturn vs structural shifts, how to adapt?
- GDP, interest rates & unemployment - Where are we headed in 2021?
- Market Distortion - Non-cyclical cool down of the markets?
- Inflation Risk - Increased concerns or not much to worry about?
- Diversification as the only safety net?
- Germany's Position - Will the golden years continue?
Klaus Franken
Rethinking 'Space'
Is there a common strategy for innovation that aligns with profit?
- Strategies - How to readjust complementary but distinct strategies to organize, accelerate and execute an innovative portfolio?
- Digital Solutions for Unlocking Value in Portfolios - What's the investment appetite?
- Portfolio Management - Are real estate players embracing more tech, innovative & ESG solutions to build and diversify an innovative portfolio?
- Data-based and AI-supported Solutions - The best or only tools? Is the data necessary to unlock value?
- Financial Results - Significantly positive KPIs highlights & what's to come to unlock more investments?
Berlin
Profitable Renditejagd oder zu viele Regulationen?
- New Coalition - What impacts can we expect for the real estate market?
- Mietendeckel 2.0 in the Making?
- Asset Classes - Which sector will be king in 2022?
- The Affordability Question - Any way to make the numbers work?
Alternative Finanzierungsmöglichkeiten
Innovation vs Refinanzierung; wie Wettbewerbsfähig bleiben?
- New Financing Products - Offering better solutions in a volatile market?
- Banks, Debt Funds, Mezz - Any upsides to more risk & higher prices?
- Adjusting Returns Depending on Risk Appetite?
Dr. Ruprecht Hellauer
Preise & Evaluationen
Käufer oder Verkäufer am Steuer?
- Pricing - Is there a dissonance between buyers & sellers?
- Asset Classes - Are we seeing changes in prices across riskier assets like hotels & retail?
- Valuations - Have factors changed to post pandemic valuations?
- Demand & Supply - Do we see an imbalance across any asset classes & locations?
Gerhard Meitinger
Net Zero & ESG
The challenge of 2022?
- E in the Spotlight - Aligning demands across the whole matrix
- Getting a Hold of S - Any consensus on measuring social impact?
- Net Zero - Regulatory crackdowns; what can we expect in 2022?
- Operational & Embodied Carbon - Will we need a stronger shift in approaches to tackle them?
Alexander Piur
Seniorenresidenzen & Betreutes Wohnen
Demografie Favorit; genug um über die Betreiber Hindernisse zu springen?
- Disproportionate Demand Increases - Can the markets tackle the requirements of an aging population?
- Affordability - What will be the real demand for new build senior housing BTR?
- Lack of Product - Repurposing inner city spaces offering new opportunities?
Berthold Becker
Repositionierung von Arbeitsplätzen
Sekundäre Standorte wieder zu haben?
- Investor Appetite - Capital allocations still going strong or too much risk?
- Occupiers Demands - Go green & go flex, are landlords adapting quick enough?
- Blurred Lines - Moving beyond categorising spaces by asset class?
- Flexible Leasing - What short to long term plans are occupiers making? What are the impacts on real estate business models & valuations?
- Space Planning - Can technology help align occupier and landlord needs to optimise spaces?
- Work from Anywhere & Tenant Experience - Can landlords leverage tech to provide a seamless occupier experience whether working remotely, at home or office?
Katja Freese
Opportunistisch & Value Add
Löst ESG eine Value add Welle aus oder noch zu viel Risiko?
- Polarisation of Markets - Value add opportunities to flood the markets?
- Buy Cheap, Sell Green - Is value adding brownfield offering decent returns?
- Portfolio Resilience & Finding Value - Cities vs Assets
- Value Add Markets in Germany - How to identify future projects and ensure their quality and profit?
- Rates & Yields - When and how can we ensure profitability of those deals?
- Banks' Appetite & Lending Confidence - Are lenders following up the risk curve?
Retail in the Digital Information Age
AI, metaverse & robotics impacting consumer behaviour irreversibly
- Retail - Secure investment asset classes instead of alternatives, but how futureproof is the sector?
- Digitisation & Big Data - How is it changing the industry and what can be expected next?
- AI & Metaverse - How relevant will it become and where to start?
- ESG Considerations - How can tech support the transition?
BTR Wohnimmobilien
Haben wir den Skalierungsfaktor verloren?
- Rental Growth Slowdown - Increased construction and lower urban population numbers impacting pricing?
- Fundamentals - Shifting capital allocation strategies still favouring living assets?
- Affordability as the key issue going forward
- Regulations Under a New Coalition - What can the German markets expect?
Fabian Klingler
Logistics Bubble!
How low can we go?
- Supply Demand Imbalance - Pricing tensions across investments & occupiers
- Pricing Risks - Any differentiations between locations & markets?
- Affordability Question - Slower developments & increased demand; where is the glass ceiling?
- Yield Compressions - With capital coming in, how low can they go?
Danilo Hunker
Raising & Allocating Capital
Same old, saturated or some hidden gems?
- Cross Border Capital Streams - Inbound investment destinations
- Regulations in the Markets - Closing off opportunities for lenders & investors?
- Debt Leveraging - Risk assessment & pricing in dissonance?
- Allocation Game - Delivering value during volatile periods
- A Saturated Market - JVs, re-capitalisations or platform investments; what offers best solutions for investors?
- Relative Risk Reward - Location vs asset classes
Tim Brückner
Zukünftiger Einzelhandel
Neuerfindung von High Streets & Shopping Centres?
- New mobility; new retail locations and where to find them?
- Have we seen rock bottom for retail rental prices or is the worst to come?
- New Demographic Factors - Could the elderly become the main target group for bricks n mortar retail?
Angelus Bernreuther
Office Investments
Flight to Core or ESG offering competitive premiums?
- Pricing, demand & investment fundamentals
- Will ESG be the key metric going forward?
- Grade A Short & Long Term - What forecasts for valuations, capital growth, rents and leasing structures?
- CBD & Prime Locations - What has changed?
Collin Schmitz-Valckenberg
Wertfindung in Deutschland
Standort, Nachfragetrends oder ESG der Faktor zum Erfolg?
- ESG Considerations - How will they impact portfolio and investment strategies going forward?
- Top 7 & Beyond - Understanding the new pricing and demand landscape
- Valuations - Winners & Losers; will ESG become the new major metric?
- Changing Demographics - An ageing population & influx of immigrants shaping real estate demand
- Regulations - Will the affordability question trigger more extensive laws?
- Asset Classes - Which locations offer the best opportunities?
Frank Zabel
Core, Core+ & Super Core
Wo ist die Gewinnzone?
- Shifting Definitions - What is considered core post pandemic?
- Core vs Super Core - Is location still the most important differentiating factor?
- ESG Considerations - How important is net zero really?
- Investment Appetite - Is core still the investment asset?
Hospitality & Alternative Resi
Is capital coming back to the sectors or still in trouble?
- Liquidity - Investors, operators & owners to deploy capital to fill the gap on cash flows?
- Rise of Service - Amenities more important than size?
- Impact on Valuations - How are new models changing the game?
- Hotel Investment Transactions - where is the capital appetite coming from?
- Alternative Resi - Student housing, co-living & co; which asset classes is seeing capital allocations?
- Any Lessons Learned from a Mature US Market?
- Sustainability Strategies - What are the strategies for current assets, ongoing deals and pipeline opportunities?
Matteo Ghedini
Ostdeutschland
Up & coming oder bereits überteuert?
- Price Development - Slower increases a concern for 2022?
- Stable Demand -
- Seller vs Buyer Market - Are buyers still dominating the markets?
- Emerging Hotspots - Which cities are investors looking at?
Boris Matuszczak
Future City Landscapes
Public & private partnerships the way forward?
Keynote Speaker: Klaus Illigmann
Abteilungsleiter Referat für Stadtplanung und Bauordnung
Macroeconomic Keynote
Keynote Speaker: Jörg Krämer
Chief Economist & Head of Research
Kimberly Hourihan
Global Chief Investment
Officer
Keynote Speaker
Kim Hourihan is Chief Investment Officer for CBRE Investment Management. In this role, Kim is responsible for investment strategy, performance and risk. She chairs the Global Investment Committee and has oversight of all the regional and strategy-specific investment committees. She previously served as CIO – Americas Direct Real Estate Strategies for CBRE Investment Management and Portfolio Manager for one of the firm’s comingled funds. She also served as a Managing Director and Portfolio Manager for two international sovereign wealth fund clients, with total assets under management of more than $4 billion representing 11.7 million square feet.
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