Topics that will be discussed:
- Recovering from the global pandemic
- De-Stressing Funds: Refinancing Tertiary Real Estate
- Regulating open ended funds
- What new opportunities lie ahead for the real estate investment sector?
- More Than Just an Island: Real Estate Investment Post-Brexit
- What’s Next for Real Estate Debt as an Asset Class?
- Stamping Out Greenwashing
Speakers include: Aberdeen Standard Investments, AO PropTech, Aviva Investors, AEW, Barclays, BMO Real Estate Partners, Capital Economics, Frogmore, Glenhawk, Harrison Street Europe, John Forbes Consulting, Oxford Properties, RSM UK, Schroders...
Welcome remarks from the Chair
Eighteen months on from the start of the coronavirus pandemic, how is the real estate market recovering from Covid-19? What does recovery look like? How much of what has changed is permanent and how much is temporary? What are the medium and long-term impacts and how are these feeding through into investment opportunities? Who has benefitted the most and are there any surprise winners or losers? How are tax changes and the aftermath of Brexit shaping the sector? What is investment predicted to look like over the next 5 years as a result of these changes?
The effects of the global pandemic can be felt across the real estate sector as covenants are breached and distress begins to enter some pockets of the market. Simultaneously, many banks and non-banks have opted to stop lending against riskier investments. As core, better-performing real estate assets become more attractive to lend against, how will this impact existing debt funds? In a market under such distress, the risk of less attractive real estate struggling to attract investment is very high. How will high-street banks cope with NPLs? How are they restructuring and de-risking themselves? Are NPLs such a bad thing or are they a hidden opportunity? Is there a position here to de-risk themselves by using non-bank lenders as originators to indirectly access the market?
The government are putting together consultations on what the future for open-ended funds will be, as well as creating new onshore investment funds. What does the future look like for open-ended property funds? Is there a future for them in this format, and will heavy regulation stamp out any financial benefits? Does the UK need a new “professional investor fund” and, if so, what will this look like?
From retirement communities, to accessible retail, and social housing - what impact can we have as a sector on the lives of the general public? How can existing office spaces be redesigned to cater to the “new way of working”? If retail is dead, how can retail properties be repurposed to support other asset classes? What are the opportunities in the industrial and logistics asset classes for final mile? How can we support one another and the sector whilst still turning a favourable return on investment? How have alternative asset classes emerged as the more compelling investment opportunity versus traditional sectors?
Topics likely to be discussed include:
• The green agenda: What opportunities are available within home retrofit financing?
• Onshore vs offshore: What do new tax implications mean for me? Hosted by: RSM UK
• The best and most efficient way of holding, managing and running real estate assets?
• Is there still value to be found in student accommodation?
• How are consumer online behaviour and urbanisation affecting pricing levels and rental growth expectations in logistics?
• How are developers creating more sustainable buildings which will generate more long-term value for investors?
• With LTVs and debt low, and more international owners, what alternative ways will investors adopt to access the market?
• What is the long-term impact of flexible working on office investment?
• Retail - Reshaping portfolios, structural change and trends, what and where will be successful?
• How will real estate investment strategies evolve as ESG activism and awareness from shareholders, clients and employees increases?
Hosted by: Jess Tomlinson, Managing Director, Head of Real Estate, London, Barclays
UK property has long been established as a prime target for overseas investors, and the UK Government needs this investment to continue. What can we learn from our international cousins? What are other countries doing to channel investment into their local assets?
With risk adjusted returns better on debt than on equity investments, many believe this is the safer bet for investment portfolios. But as the real estate debt market continues to grow, and more and more fund managers actively participate, competition is increasing, causing a decrease in deal margins. So, is the real estate debt fund still an attractive opportunity in the current low growth environment? What’s next for the asset class and what needs to happen to ensure that it will continue to offer favourable returns?
With the deadline having already passed for EU Funds to update their sustainability prospectuses in line with the New ESG Framework, what does this mean for ESG Funds in the UK? What are the specific guidelines Funds must follow and how are they complying with these? How are outputs being measured and what constitutes a credible, good efficiency saving, or not? How are these legislations helping to stamp out greenwashing? What more can the real estate sector do to support a more sustainable future for property investment?
The Chair will share their thoughts on the highlights of the day and summarise with the key takeaways from the forum.
Programme and timings subject to change