Enter the new era of higher inflation and higher interest rates with a complete shake up that is repricing the risk of commercial real estate assets.
2023 has provided a tough backdrop to underwrite commercial real estate deals with gusto. As the office market goes through a renaissance, now is the time to turn the pace of investment from a ‘walk’ to a ‘jog’ or else get left behind with distress and unwanted assets in the long term that cannot get refinanced.
With further volatility expected this year, the GRI Global summit has been designed to connect CIOs, CEOs, Heads of Debt, Asset Management and Transactions and discuss privately which asset classes to buy, sell, offload, and understand the conversations already taking place with lenders and borrowers to come out the other side.
Special Sessions
Global Real Estate Volatility
Dealmaking low, when will prices and fundamentals come back to work
in our favour? 14:00 - 15:15
Persistent inflation, lack of capital, refinancing and market volatility
are causing uncertainty in global real estate transactions. As pricing,
deal structures, demand and the risk curve shifts, what can we expect from
the global real estate debt and equity market? With headline global banks
seemingly in crisis, is the cyclical nature of inflation hedging and
finding value changing before investors’ very eyes?
Offices
‘Shift Happens’, where will pricing and values
land? 16:00 - 17:00
Inflation and interest rates remain high, tenants’ habits are
shifting and there’s a pause in the office market while we wait for
repricing and valuations to reflect this reality. So how can investors
price the risk going through this shift? What is the right way to go: buy,
sell or refinance? And how to keep your property attractive and ensure
value?
Mr. Bashir joined the firm in 2020 and is Chief Executive Officer of Europe. In this role Mr. Bashir leads the expansion of Harrison Street’s European strategies and he is also responsible for overseeing and growing the firm’s team of professionals across the U.K. and Europe. Mr. Bashir brings over 20 years of experience in private equity real estate, operations and corporate finance to Harrison Street. Prior to joining Harrison Street, Mr. Bashir was most recently President and Chief Operating Officer at Round Hill Capital, a real estate investment and asset management firm with a global footprint. While at Round Hill Capital, he managed a business with an $8+ billion portfolio as well as a team of 260 people across 15 offices.
Managing Director, Head of EuropeQuadReal Property Group
United Kingdom
Jay Kwan joined QuadReal as Managing Director, Head of Europe in February 2018. His focus is on building the international portfolio, with an emphasis on investing in Global Cities in the U.K. and Europe. Jay was formerly an MD at TPG Real Estate, the real estate investment group of private equity firm TPG, specifically focused on European investments. Prior to joining TPG in 2016, Jay was a Partner at Grove International Partners (formerly Soros Real Estate Partners), where he spent 13 years investing in three continents across all asset classes at both the corporate and asset level. Jay began his career at Lehman Brothers Real Estate Partners in New York in 2001. Jay graduated with a BA in Economics and Political Science from Columbia NY
Partner, Head of European Capital SolutionsKSL Capital Partners
United Kingdom
Hal Shaw is a Partner at KSL Capital Partners where he serves as Head of European Capital Solutions and
is based out of London. Hal joined KSL in 2007 as a Summer Associate with the Private Equity Team.
During his time at KSL, Hal has invested across the capital structure ranging from senior and mezzanine
debt originations to acquisitions and has played a lead role in the formation and subsequent growth of
KSL’s Capital Solutions strategies. Hal is a member of KSL’s Equity Investment Committee, Credit
Investment Committee and Tactical Opportunities Investment Committee.
Lorcain Egan is a Managing Director and Co-Head of Europe for Starwood. Mr. Egan is responsible for Starwood’s international lending platform covering Europe and Asia. Since joining Starwood in 2013, Mr. Egan has structured and executed financing transactions and secured financing for Starwood’s equity acquisitions across Europe and Asia. Prior to joining Starwood Capital, Mr. Egan was a Vice President at Barclays Bank where he worked in their Structured Property, Debt Finance team based in London. In this team, Mr. Egan focused on originating, structuring and executing real estate debt opportunities for Barclays.
Steve Plavin is a Senior Managing Director based in London and oversees Blackstone’s Real Estate Debt Strategies business in Europe. Previously, from when he joined Blackstone in 2012 until June 2021, Mr. Plavin was the Chief Executive Officer of Blackstone Mortgage Trust, Inc., a NYSE- listed commercial mortgage REIT managed by Blackstone. Prior to joining Blackstone, Mr. Plavin served as CEO of Capital Trust, Inc. (predecessor of Blackstone Mortgage Trust) and CT Investment Management Co., LLC, a commercial real estate debt investment manager and rated special servicer that was wholly owned by Capital Trust and acquired by Blackstone in 2012.
James Piper
PartnerTPG
United Kingdom
Mr. Piper is a Partner based in London and a member of TPG Real Estate’s Investment Committee. Prior to joining TPG, he was a Partner in the Real Estate Group at Ares Management, where he spent 12 years, before which he was a member of the European Mergers & Acquisitions Group at Credit Suisse. He received a Masters degree in Physics from the University of Cambridge, where he graduated with First Class Honours. He is also a trustee and Honorary Treasurer of the Royal Trinity Hospice, a charity providing care and support for those with life-limiting conditions in London.
Global Head Real EstatePartners Group - Switzerland
France
Karim Habra is responsible for Ivanhoe Cambridge European platform and its future growth. He oversees all the company’s real estate operations in Europe including its development activities. Karim Habra began his career with GE Real Estate in 1998 and was given responsibility for its Central European operations in 2003, before joining JER Partners in 2008 as Managing Director, European Funds. In 2012, he joined LaSalle Investment Management as Managing Director of Central Europe before serving successively as Managing Director of France, then Head of Continental Europe.
Michael Kandarakis
Partner - Global Co Head - Real EstateQuilvest Capital Partners
United Kingdom
Michael has over 27 years of experience in real estate private equity, having worked in Europe, Asia and the U.S. He started as one of the initiating members of the Morgan Stanley Real Estate Funds in Europe, out of London and NYC. He was then a Founding Partner of Soros Real Estate (later Grove), building up the firm’s business in Asia with close to $2.0bn in equity invested across a variety of asset classes. He is now responsible for Quilvest funds that invest in the EMEA region and a member of the firm's global Investment Committee. Michael sits at the boards of numerous investee companies. He also sits at the board of the Hellenic Public Properties Company, the largest company for management and development of public assets in Greece.
Head of US East Coast and Latin AmericaUnion Investment Real Estate
USA
Tal Peri is a senior real estate investment and finance professional with over 20 years of industry experience across markets and product types. Tal has closed more than $5 billion of real estate transactions.
He serves as Head of U.S. East Coast and Latin America for Union Investment Real Estate in their New York office with the primary responsibility of overseeing equity investment activities in these regions. Union Investment is the largest open-ended real estate fund in Germany with a global real estate AUM of $55 billion and a US AUM of $6 billion.
Prior to this role, Tal was an Associate Director at WestLB, New York, where he was responsible for real estate acquisition and development finance transactions.
Has over 12 years of real estate investment experience. David was previously Head of the Real Estate practice at Helios Capital, a London-based family office, and, prior to that, a senior member of the investment team at Moor Park Capital Partners. He has an extensive track record in real estate, having been involved in £2bn+ real estate transactions since the start of his career, both in equity and debt positions. David holds an MA from HEC Lausanne, HEC Paris and La Sorbonne University. He speaks French and English and is a Swiss and French citizen.
Senior Director, Global Market Development, EMEAIWBI
USA
Giovanna brings over 15 years’ experience working in business development and sustainability to IWBI. Her career started with advising FTSE 500 companies on CSR strategies and reporting before most recently becoming Global Business Development Director of her own consultancy supporting clients in leading market penetration, incorporating ESG solutions, and driving business growth. Giovanna has an extensive understanding of industry and reporting requirements, having worked closely with organizations around the world to map strategic objectives to leading frameworks including GRI, SASB, CDP and the UN SDGs. In 2020, Giovanna’s leadership was recognized when she was named one of the 10 Most Influential Women in Tech.
Michael Shields joined ING in May 2004 and has 25 years experience in real estate lending, asset management & restructuring. Based in London, he is currently responsible for ING REF’s EMEA lending platform – lending assets totalling over €18bn. He is also international head for Real Estate, looking after clients with a global real estate reach. Prior to his current role, he led ING REF’s highly successful U.S. lending platform which he helped grow from $200m to over $7.5bn at its peak in 2008. Before ING, Michael was an originator in BHF Capital’s U.S real estate lending team and was one of the original members of Helaba’s CRE finance team in the U.S. Michael started his banking career in Chemical Bank’s real estate group in Manhattan.
Managing Director and Co-Portfolio Manager, Oaktree Capital Mr. Bianchi is a managing director and Head of Europe for Oaktree’s Real Estate group. Mr. Bianchi joined Oaktree in 2014 and has been involved in the investment and management of its real estate funds in the United States and Europe throughout his time at the firm. Prior to joining Oaktree, Mr. Bianchi worked for Deutsche Bank AG where he held senior positions in the firm’s London, Hong Kong and New York-based real estate divisions. Before joining Deutsche Bank, Mr. Bianchi was employed by Moore Capital's MSVP Japan where he served as a senior vice president. He began his career as an associate in Goldman Sachs's Archon Group in the U.S. and Asia.
Tim Wilkinson is driving the European expansion strategy of the Indotek Group, a value-add private fund currently with over Eur 2 bln AUM. Tim is responsible for sourcing and acquiring opportunistic investments across 13 European countries, with a focus on direct assets and/or real estate companies that need new capital to unlock un-realised potential. Previously he spent over 20 years with a focus on the emerging markets of Central & South East Europe, most recently as the Head of Capital Markets and equity partner with the Romanian affiliate of Cushman & Wakefield. Tim is a graduate of Nottingham Trent University and a member of the Royal Institution of Chartered Surveyors.
Head of Divestments CEESkanska Commercial Development Europe
Poland
As Head of Divestments at Skanska’s commercial development unit in CEE, Adrian is responsible for sourcing buyers and conducting transaction processes in Poland, the Czech Republic, Hungary and Romania. While working at Skanska, Adrian has divested over 40 office buildings totaling almost EUR 2 bn. He has also expanded Skanska’s clients portfolio by 15 new buyers. Moreover, Adrian was involved in the sales process of Skanska’s asset in London and Helsinki. Adrian started his professional career in 1997 at Gerald Eve International. He went on to work for Knight Frank and GE Capital Golub Real Estate. Prior to joining Skanska in 2013, he worked for Echo Investment as the director responsible for the company’s asset divestments.
MD & Portfolio Manager, European Real EstateJP Morgan
United Kingdom
At J P Morgan Asset Management I work within the real estate team where I focus on European strategy and portfolio management.
Sondra Wenger
Senior Managing Director, Head of Commercial Real Estate, AmericasCBRE Investment Management
USA
Christof Altendorfer
Managing Director/Head of Investment ManagementCA Immo Deutschland
Austria
Christof Altendorfer joined CA Immo in September 2019 as Head of Investment Management Germany and was also appointed to the management of CA Immo Deutschland GmbH. In this function, he is responsible for all CA Immo real estate transactions in Germany and is particularly responsible for the development and expansion of the portfolio in the core German markets of Berlin, Frankfurt and Munich. Before joining CA Immo, Christof Altendorfer worked as a portfolio manager at Norges Bank Real Estate Management (NBREM) in London. He was responsible for the development and management of a high-quality real estate portfolio worth a total of around two billion euros.
Timetable
13:00 - 14:00
Registration in-person only
14:00 - 15:15
Global Real Estate Volatility
15:15 - 16:00
Networking Break in-person only
16:00 - 17:00
Offices - ‘Shift Happens’, where will pricing and values land?
17:00
Wrap up in-person only
Upcoming Event The GRI Global Summit is a warm-up to Europe GRI 2023 Join 700+ dealmakers at the most senior real estate gathering in the world
What is a Hybrid Club Meeting? How can I participate?
Our discussion co-chairs kick off the exchange of knowledge to start the event,
then you can join in the discussion as much as you wish.
What is a Hybrid
Club Meeting? An exclusive, private, and regular gathering of Club Members with some participants meeting in-person and others joining online.
Who can join
Senior investors, lenders, asset owners, and developers active in the real estate market.
How do I join online?
Click on "Join the Event" and our team will check your eligibility. If you qualify, you will receive your GRI eMembership (no cost, no contract, no expiration date).
How do I join in-person?
Click on "Request your Pass". You need a premium membership to join. Contact our team to learn more about the many benefits.
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