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Allianz MiCo, Milan, ITALY June 10-13, 2024

Operational Real Estate Forum (limited capacity, pre-registration required)

Tue 11 Jun 5:00 PM — 6:30 PM (GMT+01:00) Amsterdam, Berlin, Bern, Rome, Stockholm, Vienna Via Monte Rosa 91, Via Monte Rosa 91
Type In-person

ULI Forum: Operational Real Estate

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.

 

Speakers:

Valentina Shegoyan, Founding Partner, OPREIM,

Carl-Johan Collet, Chief Investment Officer, Fokus Nordic

Simone Pozzato, Managing Director and Fund Manager, Hines

Marcin Juszczyk, Managing Partner, Capital Park Group

Rebekah Tobias, Founder and MD, Independence Ventures?

 

Speakers

Speaker

Jamestown Europe GmbH

Philipp Braunfels is the Managing Director, Co-Head of Jamestown Europe, Investment Management & Transactions. Upon joining Jamestown, he supported the German Retail Fund Management Team in Cologne, Germany and worked for the Acquisitions and Asset Management departments out of the US offices in Atlanta and New York as a trainee. Mr. Braunfels graduated Cum Laude from Maastricht University with a Master of Science in International…
Speaker

Chief Investment Officer Fokus Nordic

Carl-Johan developed and asset managed a hotel chain in Africa from 2015, exiting it in 2020. In his home market in the Nordics, he has for a listed investor acquired the largest supermarket platform in the Danish market and built a pan-Nordic logistics platform for a large institution. Carl-Johan left his current employer at the end of December 2023 and is on gardening leave. He…
Speaker

Managing Partner Capital Park sp. z o.o.

Managing Partner and Vice President of the Board of Capital Park Group with over 20 years of professional experience in the real estate sector and with over 10 years experience in running of the company listed on Warsaw Stock Exchange (WSE:CPG).  Played strategic roles in Capital Park since its formation in 2003, starting as CFO and then as Head of Investment Department since 2006. Within…
Speaker

Hines Europe Ltd

Simone Pozzato serves as Senior Managing Director and Fund Manager for the Hines European Core Fund (HECF), €3.0bn open-ended diversified fund investing in major European cities. Simone joined Hines in September 2017 from Grosvenor Fund Management, where – based in Paris - he was Fund Manager for two European separate accounts while being also responsible for transactions in the Nordics. Simone is an active member…
Speaker

Founding Partner OPREIM

Valentina is the Founding Partner of OPREIM, the investment management business launched to co-invest alongside select real estate operators in assets that are in need of repurposing. Before launching this business Valentina spent 20 years in real estate private equity, investment banking and venture capital working in the past for businesses such as Stonehage Fleming, MGPA, UBS Investment Bank, and Second Century Ventures. Valentina holds…
Speaker

LifeX

Jakob is real estate director at LifeX - one of Europe's leading operators of coliving and serviced apartments covering 5 European countries and 9 metropolitan areas. LifeX has been known for showing new ways in residential real estate by forming innovative partnerships with both small and large scale real estate investors and providing living-as-a-service by digitising all parts of operational processes and the tenant journey. Before…
Speaker

Independance Ventures

Rebekah is founder and MD of Independence Ventures, a consulting firm specializing in real estate advisory for prominent family offices and institutional investors with a focus on operational real estate strategies. She is currently a board member and NED at UndertheDoormat Group, including tech arm Hospiria, board member at proptech firm Hococo, and senior advisor to Loopliv, a later living operator focussed on age restricted…

Three days of thought leadership, unparalleled networking and inspirational activities and experiences

Allianz MiCo
Milan, ITALY

June 10-13, 2024

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