The 2019 Oxford Real Estate Conference

About the Conference

When: Wednesday 20th March 2019, 9am-7pm
Where: Saïd Business School, University of Oxford, Park End Street, Oxford OX1 1HP
This year we will focus on the tenth anniversary of the Global Financial Crisis. We will explore lessons learnt from the downturn, from how to prepare for a correction to a case study charting the evolution in European fund management. We will also be exploring themes that appear different this time around, from approaches to fixing the UK housing market to the evolution of proptech. Finally we will look ahead to debate the potential consequences of the next real estate downturn.

Tickets are now available

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Programme

09.00 - 10.00

Entrance Hall

Registration and Coffee

10.00 - 10.10

Nelson Mandela Lecture Theatre

Welcome

10.10 - 11.25

Nelson Mandela Lecture Theatre

Panel 1: Preparing for a downturn - things we wish we knew in 2007

Click the Speakers to view their biographies.

Russell Chaplin

Panel Moderator
CEO, Intrinsic Value Real Estate Advisers

Philip is Head of Real Return Assets at LaSalle Investment Management with overall responsibility for approximately £2.5 billion of funds. He joined LaSalle in 2018; prior to joining LaSalle Philip was a Fund Director in the Real Estate team at Hermes Investment Management. Prior to that, Philip was Head of European Retail Funds - Real Estate at Aviva Investors.. The majority of his experience is in the UK direct real estate market, across all sectors, but he has also had responsibility for listed assets, and assets across Continental Europe.
Philip is currently a member of the MSCI UK Client Group, the RICS Commercial Property Forum and is the current Chair of the Investment Property Forum.

Philip Nell

Head of Real Return Assets, LaSalle Investment Management

Emma Huepfl is a Co-Founder and Board Director of the Laxfield Group, a real estate debt platform which lends, advises, manages loans and produces debt market data. Laxfield is the managing member of Laxfield LLP a £750m debt fund which focuses on core plus, value add and transitionary asset funding. She started her first business in 1997 after careers at Savills Plc and GE Capital, and has since helped ten different debt investors to set up lending platforms or invest into the UK commercial mortgage market, creating a track record of more than £10bn of lending and no losses. Emma is also Director and Board Member of the Commercial Real Estate Finance Council of Europe, and Chair Elect for 2019/20.

Emma Huepfl

Director & Co-Founder, Laxfield Capital

Colin is Chairman of Pradera and Chairman of its Investment Committee. Pradera is an asset and fund management company specialising in the retail property sector. Pradera’s portfolio comprises 43 shopping centres and retail parks in Europe and five shopping centres in China managed by Pradera Retail Asia, Pradera’s joint venture with Macquarie Infrastructure & Real Assets. In total, these properties have a combined value of around £2.7 billion (£1.7 billion in Europe and £1.0 billion in Asia), a GLA of one million sqm and comprise 2,700 stores. Before co-founding Pradera in January 2000, Colin was a director and shareholder in a boutique real estate investment management company where he was responsible for the European investment activities of the US real estate opportunity fund, DLJ Real Estate Capital Partners.

Colin Campbell

Chairman, Pradera

Chris Harvey is a partner in Mayer Brown's London office and Head of UK Real Estate.Chris has extensive experience acting for investors, funds, property companies, banks and developers in all kinds of investment, development and finance transactions. In particular, Chris has extensive experience of acting for Asian, US and European investors investing into the UK real estate market.Recommended and ranked as a key individual by leading legal directories, Chris has also been named by The Times Online as one of the top ten future stars of the City and in Property Week’s ’40 under 40’ 2015 and 2016 list of rising stars in the real estate sector.

Chris Harvey

Partner and Head of UK Real Estate, Mayer Brown

11.25 - 11.45

Entrance Hall

Coffee Break

11.45 - 12.05

Nelson Mandela Lecture Theatre

Keynote: Hard won wisdom - takeaways from previous cycles

Ludovic is the author of the bestseller 'Private Equity Laid Bare', and Professor of Financial Economics at Saïd Business School, University of Oxford. He specialises in private market investments with a focus on fee tracking, interest alignment, and return benchmarking. Named as one of the 20 most influential individuals in private equity in Europe in 2016, Ludovic has strong links with the industry, routinely speaks at conferences, and appears in the media internationally. Ludovic achieved a degree in Economics from Toulouse School of Economics; a Master in Economics and a Master in Mathematical Finance both from the University of Southern California; and a PhD in Finance from INSEAD.

Ludovic Phalippou

Professor of Financial Economics, Said Business School, University of Oxford

12.10 - 13.25

Nelson Mandela Lecture Theatre

Case Study: European investment management through the GFC – from Halverton to M7 Real Estate and Principal Real Estate Europe

Subject: Case study looking at the effects of the GFC on the European investment sector, through the history of Halverton and its subsequent offshoots.
Halverton REIM LLP was founded by Richard Croft in 2005 as a European real estate fund management business with an emphasis on the higher yielding industrial sector. Halverton was subsequently acquired by The GPT Group (an Australian listed property trust) in July 2007 at the peak of the last cycle. At the time its assets under management (AUM) amounted to c. €2bn.
Subsequent to the onset of the GFC, GPT made the decision to exit their European platform. Richard Croft left with senior managers from Halverton to form M7 Real Estate in April 2009. In December 2009, Jos Short’s firm Internos Real Investors won a highly competitive process to acquire the Halverton platform from GPT for a nominal sum of €2.
In the years since the GFC, M7 Real Estate has focused on the multi-let industrial sector (later expanding to office and retail assets), building up their AUM to c. €8bn with backers including Blackstone and Starwood Capital. In parallel Internos Real Investors grew their acquired platform across the office, retail, hotel, logistics and residential sectors in a series of funds and separate accounts. With AUM approaching €3bn, Internos was subsequently acquired by Principal Global Investors in April 2018 to provide them with a European real estate investment platform, renamed Principal Real Estate Europe.

Click the Speakers to view their biographies.

Andrew Baum leads the Future of Real Estate Initiative at the University of Oxford’s Said Business School. He is chairman of Property Funds Research, an investment advisory firm, chairman of Newcore Capital Management, a real estate fund manager focussed on alternatives, and advisor to several property organisations. Andrew recently released a ground-breaking report detailing the dramatic changes facing the real estate industry. Proptech 3.0; Andrew was also voted one of the top 3 most influential people in Proptech in the 2017 Lendinvest list. He is a Visiting Professor at the Kenan-Flagler Business School, University of North Carolina, USA, and was appointed Visiting Professor of Management Practice at the University of Oxford in 2013.He holds BSc, MPhil and PhD degrees from the University of Reading in the UK.

Andrew Baum

Panel Moderator
Professor of Practice, Saïd Business School, University of Oxford

Richard Croft is Chief Executive of M7 Real Estate, a specialist in the pan-European, regional, multi-let real estate market, managing over 1,400 retail, office and industrial properties with a value of circa €8.1bn. Prior to co-founding M7 Real Estate in April 2009, Richard founded Halverton REIM LLP (subsequently GPT Halverton), a European real estate fund management business which was sold to The GPT Group (an Australian listed property trust) in July 2007. From 2005 to early 2009 Richard was CEO of GPT Halverton which at the time of sale employed circa 180 people across ten European offices and managed €2bn of assets. Before Halverton, Richard was International Investment Director of Property Fund Management PLC (now Valad), and responsible for setting up their international infrastructure, including offices in Amsterdam, Paris, Berlin, Warsaw, Copenhagen and Madrid. In addition to his duties at M7, Richard is a Non-Executive Director of IPSX (the International Property Securities Exchange).

Richard Croft

Chief Executive, M7 Real Estate

Jos Short, together with Andrew Thornton, founded INTERNOS Global Investors (now Principal Real Estate Europe) in 2008. In 2009, they jointly led the acquisition from GPT, and subsequent integration into INTERNOS, of the Halverton real estate investment management business. In 2013, they jointly led the acquisition and subsequent integration of Commerz Real Specialfonds from Commerzbank. From 2000 to 2007, Jos was CEO of Pramerica’s real estate private equity business and was involved in many noteworthy real estate transactions across Europe including pioneering investments in counter-cyclical assets such as self storage and senior housing. From 1998 to 2000 Jos was with Lazard Bros, initially as head of the 18 person property division running three funds and later running their M&A unit in European real estate. Jos has a degree in Banking and Finance from Loughborough University of Technology and is a member of The Chartered Institute of Bankers.

Jos Short

Executive Chairman, Principal Real Estate Europe

Max Sinclair is an executive vice president and head of Commercial Real Estate, UK division. He has been with Wells Fargo since August 2013 having previously been with Eurohypo for 20 years. Max has been involved in real estate finance for 30 years and is a founder member of the Association of Property Lenders. He was also a Steering Committee contributor to the “Vision for Real Estate Finance” research document published in 2014. Max has sat on the management board of the Investment Property Forum since June 2010 and became chairman of the forum in July 2014. Max has recently been a guest lecturer on the CASS Business School Real Estate Finance course. For a number of years, he was a regular contributor to the Property Week magazine and continues to be an occasional contributor to the press.

Max Sinclair

Head of UK Commercial Real Estate, Wells Fargo

13.30 - 14.15

Entrance Hall

Lunch and Networking

14.20 - 15.30

Rhodes Trust Lecture Theatre

BREAKOUT PANEL 1: Threats and Opportunities in the UK housing market

Click the Speakers to view their biographies.

Lawrence is a senior analyst in the Savills Residential Research team. He provides market intelligence and advice to clients and represents Savills Research in print and broadcast media. He has recently written publications on residential investment, purpose-built student housing, and retirement housing, and contributes to Savills house price and rental value forecasts.

Lawrence Bowles

Panel Moderator
Senior Analyst, Savills

Rob is Chief Executive of the Berkeley Group, one of Britain’s most successful, sustainable developers. He joined the company in 1994 having qualified as a chartered accountant with Ernst & Young. He was appointed to the Main Board in 2001 and became Chief Executive in 2009. Under his management, Berkeley has sustained customer satisfaction scores which match the most respected brands in the country and became the UK’s first carbon positive homebuilder in 2018. The company has recently launched a ground-breaking approach to delivering a net gain in biodiversity on every new site. Over the last five years Berkeley Group has built 19,500 homes of all types and tenures. Rob is passionate about Berkeley’s corporate citizenship, and in 2011 the company launched the Berkeley Foundation, a registered charity that has grown to support thousands of disadvantaged young people each year. Rob regularly contributes to public debates on housing policy and construction skills, and is a member of the Bank of England’s Residential Property Forum.

Rob Perrins

Chief Executive, Berkeley Group

Hannah is Head of UK Funds at CBRE Global Investors and is the Fund Manager for the CBRE UK Property PAIF. In her role as Fund Manager for the UK Property PAIF, Hannah is responsible for setting the Fund strategy, liaising with investors and coordinating with other team members in order to implement the strategy. Hannah also oversees two UK separate accounts. In her previous role, she was Head of European Portfolio Management within the CBRE Global Investment Partners team, responsible for managing 13 separate accounts as well as a European Fund of Funds. Prior to joining CBRE Global Investors in 2006, Hannah worked at OPC in the multi-manager team covering both the UK and continental European markets. She joined the real estate industry in 2002.Hannah holds a Bachelor of Science (Hons) in Economics and Politics from the University of Bristol and holds a Masters of Art degree in Real Estate Investment and Finance from Reading University. Hannah is a Member of the Royal Institution of Chartered Surveyors and is approved by the FCA to undertake Regulated Activities, having completed the Investment Management Certificate.

Hannah Marshall

Head of UK Funds, CBRE Global Investors

Merilee is an expert and leader in the short-term accommodation industry. She founded UnderTheDoormat in July 2014 after a decade-long career at oil and gas giant Shell where she led the Global Maintenance Operations of its 12,000 petrol stations across 42 countries.
She has taken her passion and global experience in property management to an emerging industry and is professionalising and setting new standards both in her company and for the sector as a whole. She chairs the UK industry body, the Short-term Accommodation Association which counts among its members Expedia, Airbnb, HomeAway and onefinestay.
Her vision for UnderTheDoormat is to enable modern travellers to step into the shoes of a local, enjoying the comfort of a home and the professional service of a hotel across major cities globally.
Merilee doesn’t really do downtime, but in her spare time she is a keen triathlete and skier and loves to travel, having visited over 75 countries. She is also a mentor to future entrepreneurs through the European Commission Young Entrepreneurs programme.

Merilee Karr

CEO and Founder, UnderTheDoormat

Also 14.20 - 15.30

Edmond Safra Lecture Theatre

BREAKOUT PANEL 2: Will the evolution of proptech change things this time?

Click the Speakers to view their biographies.

Jack Sibley

Panel Moderator
Technology & Innovation Strategist, Real Estate, Nuveen Real Estate

Vanessa is passionate about shaping the future of cities to improve everyone’s work and life experience. Working at the intersection of cities and technology, she founded District Technologies, a community and smart building platform for large commercial or residential portfolios that helps owners save time and money. Prior to District, having written her masters thesis at Oxford University on "Understanding the DNA of Strong Entrepreneurial Hubs”, she took her theory into practice by building large coworking campuses (Factory Berlin and Interchange London for Market-Tech).

Vanessa Butz

Founder, District Technologies

Tobias Huzarski has over a decade of experience in real estate private equity, having been involved in over €1 billion of property transactions across Europe. His track record covers office, residential, hospitality, retail and alternative real estate asset classes as well as corporate transactions. Tobias is a Co-Founder and Managing Partner of Loric Ventures, a leading PropTech venture capital fund, investing in companies looking to innovate and disrupt the real estate industry. Prior to Loric, Tobias worked in the European real estate investment team for investment managers including Man Group and KKR. Tobias graduated in Philosophy, Politics and Economics (PPE) from Oxford University.

Tobi Huzarski

Co-Founder and Managing Partner, Loric Ventures

Dr Fabian Braesemann is Data Scientist at the Saïd Business School, working in the Future of Real Estate Initiative, and a Research Associate at the Oxford Internet Institute, University of Oxford. His research focuses on the digital transformation of markets, the future of work, and on mining large-scale online data to understand information dynamics in a digitally connected world. Additionally, Fabian has more than three years of experience in data science consulting for companies and international organisations. He holds a PhD in Economics from Vienna University of Economics and Business (2016).

Fabian Braesemann

Data Scientist, Said Business School, University of Oxford

15.30 - 15.55

Entrance Hall

Coffee Break

16.00 - 17.15

Nelson Mandela Lecture Theatre

DEBATE: This conference believes that the next property downturn will be more consequential than the last

Click the Speakers to view their biographies.

Guillaume Cassou joined KKR in 2012 and is responsible for the European Real Estate team. Prior to KKR, Mr. Cassou was an executive director at Goldman Sachs real estate principal investment area in London since 2007 focusing on real estate and real estate-related investments across Europe. Previously Mr. Cassou worked in Goldman Sachs investment banking group from 2001 to 2007, where he was involved in a number of mergers, acquisitions, and capital market transactions. He holds an M.Sc. from Ecole Polytechnique, Paris.

Guillaume Cassou

Head of European Real Estate, KKR

Based in London, Sabina is Co-Head of the Global Strategy and Research Team and Global Chief Economist. In the first role she has specific responsibility for the European regional research team and the Global Quantitative research team. In the second role Sabina is responsible for selecting the economic scenarios and macro risk assessments that power the real estate forecasts.
Sabina joined the industry in 2001 and started working for CBRE Global Investors in 2008 from IPD where she was Chief Economist. Prior to this she worked for Capital Economics, where she developed their UK residential and commercial property market analysis and forecasting service.
Sabina studied economics at Lincoln College, Oxford University and is a member of the Society of Business Economists, the Society of Property Researchers and the Investment Property Forum. She is an External Examiner at the University of Reading for the Real Estate Investment Finance programme and a Fellow of the Royal Institute of Chartered Surveyors.

Sabina Kalyan

Global Co-Head of Research, CBRE Global Investors

17.15 - 17.45

Nelson Mandela Lecture Theatre

Essay Competition Winner & Wrap-Up

17.45 - 18.45

Entrance Hall

Cocktail Reception

Dinner Tickets Only: 19.00

Worcester College

Worcester College Welcome Drink

Dinner Tickets Only: 19.30

Worcester College

Dinner with Speakers

Dinner

Location: Worcester College, Worcester Street, Oxford OX1 2HB

Welcome Drinks from 7pm

Sit Down in the Dining Hall at 7:30pm

For directions to Worcester College, please see below.

DIRECTIONS BY GOOGLE MAPS: http://goo.gl/aVPaM

Frequently Asked Questions

Event Location?

The Conference will be held at the wonderful Said Business School of the University of Oxford. It is immediately adjacent the rail station: Said Business School, Park End Street, Oxford, OX1 1HP.

Transport Links?

If Driving: Park at one of the Park and Ride stops stops outside the centre, take the bus into the centre and walk to the business school. If Taking the Train: The business school is immediately adjacent to the train station, so arrive at Oxford Station (not Oxford Parkway) and walk 2 minutes to the venue.

When are Tickets released?

Tickets are now on sale! Click Here to buy one before they run out!