Club Meeting - Co-working & the flexible space phenomenonLondon, December 13th

Overview

Co-working and the flexible space phenomenon – takeaways for investors

Patrick Nelson, Head of Europe, WeWork shared his vision on “Co-working and the flexible space phenomenon – What is its impact on the real estate market in Europe” at the GRI Club meeting held on December 13th in London. The meeting was followed by a GRI Club members-only lunch.

GRI Club members used this opportunity to discuss with Patrick how co-working spaces are developing, the underlying business model and investment opportunity. More than an office, the business model is based on the community which is the key of the success for WeWork. Contrary to the preconceived notion – these sharing places appear less expensive for a company compared to classic rent for a medium sized company. Through the discussion it became apparent that co-working spaces are not only a phenomenon, but the beginning of a big change.

Among the participants were: Aref Lahham - Partner, Orion Capital Managers, Kirk Adamson - Principal, Blackstone, François Grandvoinnet - Président, Aviva Investors, Ronald Rawald – Head of European RE – Cerberus, Joseph de Leo – Senior Partner, Benson Elliot Capital, Marc Pietri – Président, Constructa and Mauro Montagner - CEO Southern Europe, Allianz Real Estate.

Patrick Nelson
Patrick Nelson
Head of Europe
WeWork
Biography:

WeWork provides shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses. They are the leader of the market.

About GRI Club

The GRI Club is a global fraternity of real estate leaders. Members find the club a useful way to maintain valuable relationships,
find new business partners, and strengthen their global networks.

If building close relationships with leaders in the industry can be useful, we welcome you to join us.

Timetable

13th of December

11:30am to 01:00pm - Discussion


01:00pm to 02:00pm - Lunch

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BMA House

British Medical Association Tavistock Square, London - WC1H 9JP
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Antoine Paul
Antoine Paul
[email protected]
+44 (0)207 121 5073
Club Director, France
GRI Club
Biography:

Master's degree in strategic Management, Antoine Paul worked during 4 years in the exhibition industry in Shanghai and Paris. In 2015, he decides to orient his career towards the real estate where he joins Global Real Estate Institute as Director. He is in charge of the GRI France and Europe Summit. In April 2016, he takes part of the team who launch the GRI club in Europe, an organization made up for decision-makers of the real estate commercial. In parallel of GRI club, he begins an Executive MBA at Hult int. Business school - London.

Some confirmed participants
Agnès RibanAgnès RibanInvestment ManagerLa Française Real Estate Partners
Adam ShahAdam ShahSVP & CIO, EuropeStarwood
Anthony  PellAnthony PellManaging DirectorGracemark Investments
Aref H. LahhamAref H. LahhamFounding Partner & Managing DirectorOrion Capital Managers
Arthur Zhuo ChenArthur Zhuo ChenSenior Investment DirectorFosun
Ben EppleyBen EppleyManaging DirectorApollo Management International LLP
Carsten CzarnetzkiCarsten CzarnetzkiCountry Head SpainAEW Europe
Brandon HollihanBrandon HollihanFounding PartnerMercer Real Estate Partners
Chris PapachristophorouChris PapachristophorouManaging Partner & FounderInvel Real Estate Partners
Daniel PottorffDaniel PottorffNational DirectorLaSalle Investment Management
Davide Albertini PetroniDavide Albertini PetroniManaging DirectorRisanamento SpA
Edouard FernandezEdouard FernandezPartnerEQT Partners UK Advisors II LLP

More records

Agnès Riban
Agnès Riban
Investment Manager
La Française Real Estate Partners
Adam Shah
Adam Shah
SVP & CIO, Europe
Starwood
United Kingdom
Anthony  Pell
Anthony Pell
Managing Director
Gracemark Investments
United Kingdom
Aref H. Lahham
Aref H. Lahham
Founding Partner & Managing Director
Orion Capital Managers
United Kingdom
Biography:
Aref Lahham is a Managing Director and founding Principal of Orion. Orion has sponsored five Funds with over €10 billion of total investments. Aref serves on the Funds’ Investment Committee and is Chief Investment Officer setting the strategy and leading the Funds’ acquisition team and activities as well as directing asset management activities on a significant number of Fund investments. Aref has 28 years of real estate investment and development experience in the United States and Europe. He has a BSc in Engineering from Purdue University, Masters of Engineering in Civil Engineering from Cornell University and an MBA from INSEAD.
Arthur Zhuo Chen
Arthur Zhuo Chen
Senior Investment Director
Fosun
United Kingdom
Ben Eppley
Ben Eppley
Managing Director
Apollo Management International LLP
United Kingdom
Segment: Investment Manager
Biography:
Ben Eppley is a Managing Director of Apollo in London and is primarily responsible for leading Apollo’s commercial real estate debt efforts in Europe. Prior to joining Apollo, he worked in the real estate structured finance and debt capital markets groups at Bank of America Merrill Lynch and Barclays Capital, respectively. He started his career in the investment sales and capital markets advisory business at Eastdil Secured. Mr. Eppley holds a BA from Yale University.
Carsten Czarnetzki
Carsten Czarnetzki
Country Head Spain
AEW Europe
United Kingdom
Biography:
Carsten is Country Head for Spain as well as portfolio manager for AEW Europe Value Investors, a core-plus/value-add fund actively acquiring office assets across Europe. Carsten has over 15 years’ experience in acquiring and managing real estate assets throughout the US and Europe. Prior to joining AEW, Carsten was a Director at Generali, previously also working at Deutsche Bank M&A, JER Partners and Starwood Capital Group. Carsten is a German national, fluent in English, Spanish and French.
Brandon Hollihan
Brandon Hollihan
Founding Partner
Mercer Real Estate Partners
United Kingdom
Biography:
Brandon co-founded Mercer in Jul/10. Prior to founding Mercer, Brandon worked for Westbrook Partners and Morgan Stanley RE. During his tenure at Westbrook and MSRE, Brandon was involved in transacting over £1.5b of RE asset value across the U.S. and Western Europe. Brandon is experienced as both an advisor and an investor across a diverse range of RE investment types, including single assets, asset portfolios, public companies, recapitalizations, distressed developments, whole bank loans, corporate bonds and CMBS. Brandon is experienced in a wide range of asset classes including centre city and suburban office, high street retail, shopping centres, hotels, industrial, residential, student housing and land.
Chris Papachristophorou
Chris Papachristophorou
Managing Partner & Founder
Invel Real Estate Partners
London | United Kingdom
Segment: INVESTOR
Biography:
Chris is the founder and Managing Partner of Invel Real Estate, a European Investment and Asset Management platform. Since inception, Invel has completed a number of transactions in Italy, the UK, Poland, Cyprus, and Greece, where it acquired a majority stake in the country’s largest REIC. Across Europe, Invel currently owns and manages circa $2 billion of assets. Prior to Invel, Chris was Global Head of RREEF Opportunistic Investments, having led and managed transactions in excess of $20 billion.
Daniel Pottorff
Daniel Pottorff
National Director
LaSalle Investment Management
United Kingdom
Segment: Investment Manager
Biography:
Mr. Pottorff joined LaSalle in 2014 as a Director in the Debt Investments and Special Situations team and is responsible for originating, negotiating and executing transactions. Mr. Pottorff has over ten years of experience in real estate lending. Prior to joining LaSalle, Mr. Pottorff worked at Strategic Value Partners where he was involved in acquiring c. €300m distressed CMBS, whole loans and mezzanine loans backed by real estate in UK, Germany and Spain. Prior to that, he was part of the Securitized Products Group at Morgan Stanley where he was involved in underwriting c.€10 billion of lending in the UK, Spain, Benelux and Germany as well as structuring CMBS for the ELOC conduit program.
Davide Albertini Petroni
Davide Albertini Petroni
Managing Director
Risanamento SpA
Milan | Italy
Segment: Developer
Biography:

Davide is Managing Director in Risanamento SpA since 2009. He joined Risanamento Group as Asset Management Director in 2005 and he is also CEO of all the subsidiaries in Italy and France. Previously, he worked at IPI Spa (Fiat Group) as Development Director in Turin being Administrator of the various subsidiary companies, with the purpose of enhancing the value of an investment property consisting of buildings and green fields. Prior to that, until 2000 Davide worked in Federici Group in Rome, where he managed the real estate portfolio of the industrial Group and also in Lodigiani Construction Company, based in Milan, where he was involved in the construction of infrastructural works in several European countries.

Edouard Fernandez
Edouard Fernandez
Partner
EQT Partners UK Advisors II LLP
United Kingdom
Segment: Investor
Biography:
Edouard Fernandez joined EQT Partners in January 2015 and is Partner and Co-Head of EQT Real Estate. He has over 27 years of experience in the real estate industry working throughout Europe. Prior to joining EQT Partners, Mr. Fernandez was co-founder and Managing Director of Wainbridge Limited, a private real estate investment, development and asset management company. He previously held management positions at Hines, where he was responsible for establishing several of their overseas offices and for developing approximately €1.30 billion (450K sq m) of commercial & residential real estate. Mr. Fernandez has a Bachelor of Science in Finance from Boston College and a Master of Science in Real Estate from M.I.T.