Synopsis:

Active real estate asset management is for the foreseeable future the likely driver of real estate returns. Operational properties are a particularly interesting segment of active asset management with returns being more aligned with and dependent on the operation of the business carried out within the building, often resulting in higher rents with some variable component. The operational alignment means that specialist skills are required to manage these real estate assets, often handled by operator-driven real estate platforms, specialized within subsets of real estate and focused on tightly segmented customers categories. A combination of brand, digitally born business models, service along with assets designed for these customer categories means that the customers will pay a higher rent for this space.

To get the correct design for an operational asset requires exceptionally close co-operation with an operator. But after commissioning, these assets can also deliver much higher capital values and rental growth. The high capital values allow net zero capex needed for stranded assets to be delivered with good profitability. A financially viable project that complies with zero carbon needs efficiency of design (a capital item) as well as efficiency of operation (a revenue item). The latter implies constant re-commissioning, tenant engagement, the development of tenant apps and so on. This explains why the right operator can command a rental premium.

Investment managers will need to consider very carefully whether they wish to become operators themselves and whether they want to start up their own platforms or acquire existing ones.

Join us for our main conference programme where world-renowned industry leaders will share their insights on topics ranging from geopolitics, capital markets, demographics and the impact of climate change on real estate economics.

Don't miss the keynote speeches by José Manuel Durão Barroso, former Prime Minister of Portugal and former President of the European Commission, and Janet Henry, Global Chief Economist at HSBC.

The complete programme details will be released soon.

The 'Meet the Product Councils' Lunch takes place on the main conference day, Wednesday 12 June at the Allianz MiCo. This is a unique opportunity for you to learn about the work of our sector or topic specific forums - our European Product Councils.

Members of the Product Council will host each table, offering you the chance to ask questions and learn more about how you can engage in future initiatives. Further details regarding the Product Councils can be found here.

Places at the lunch are reserved in advance and closer to the event you will receive a notification to select your preferred table.

Please note:

• By reserving your place at the lunch you are not guaranteed your table of choice. The details of the table hosts are sent closer to the event date for selection.
• Each table can host maximum nine delegates. With such limited capacity, seats fill up quickly and reservations will be confirmed on a first come, first served basis.
• Your reservation is only confirmed at the receipt of our confirmation email, and you are kindly asked to present the confirmation email at the door as proof of your reservation.
• We ask you to please note your discussion table in your order of preference and we will do our utmost to allocate you to one of your top preferences but cannot guarantee this and will need to allocate on availability.
• We kindly ask due to limited capacity at the lunch should your circumstances change to please let us know by emailing [email protected] so we can offer your place to those on the waiting list.

Seating for lunch is limited, and registration will be handled on a first-come, first-served basis. Booking your conference ticket early increases your chances of securing a spot.

The 'Meet the Speakers' Lunch takes place on the main conference day, Wednesday 12 June at the Allianz MiCo for ULI Full Members. This is a unique opportunity to have exclusive access to some of the conference speakers and to ask questions on the topic that most interests you. Each table is led by a speaker to discuss a specific topic. Places at the lunch are reserved in advance and closer to the event you will receive a notification to select your preferred table.

Please note:

• By reserving your place at the lunch you are not guaranteed your table of choice. The details of the table hosts are sent closer to the event date for selection.
• Each table can host maximum nine delegates. With such limited capacity, seats fill up quickly and reservations will be confirmed on a first come, first served basis.
• Your reservation is only confirmed at the receipt of our confirmation email, and you are kindly asked to present the confirmation email at the door as proof of your reservation.
• We ask you to please note your discussion table in your order of preference and we will do our utmost to allocate you to one of your top preferences but cannot guarantee this and will need to allocate on availability.
• We kindly ask due to limited capacity at the lunch should your circumstances change to please let us know by emailing [email protected] so we can offer your place to those on the waiting list.

Seating for lunch is limited, and registration will be handled on a first-come, first-served basis. Booking your conference ticket early increases your chances of securing a spot.

ULI NEXT only – pre-registration required

ULI Young Leaders only – pre-registration required and 1 day tickets for this event are available.