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GRI UK & Europe Club Reunion

Hedging through inflationary headwinds to build resilient deal flow 

20 - 21 February 2023
159 people are attending
Credit: ZGPhotography / Shutterstock
ABOUT GRI UK & Europe Club Reunion

Fast becoming our flagship event for senior real estate investors, fund managers, asset owners, lenders and developers, active in the UK as well as those with diversified pan European portfolios across countries and sectors. 

Create dealflow and benchmark pricing, location and risk hedging strategies with your peers.

Spend real time with the right people with 2 days of private investor driven roundtables. No press, no formal agendas, no stages, just qualified decision makers with risk in real estate transactions, sitting down together for closed door discussions.

 
Expand your network
 
Transacional discussions about the market
 
In-depth industry knowledge with strategic insights 

Featured Discussions

20th February, 13:30 - 14:30
Kimberly Hourihan
Kimberly Hourihan
Global Chief Investment Officer
CBRE Investment Management
Kimberly Hourihan
Kimberly Hourihan
Global Chief Investment OfficerCBRE Investment Management
USA
Kim Hourihan is Chief Investment Officer for CBRE Investment Management. In this role, Kim is responsible for investment strategy, performance and risk. She chairs the Global Investment Committee and has oversight of all the regional and strategy-specific investment committees. She previously served as CIO – Americas Direct Real Estate Strategies for CBRE Investment Management and Portfolio Manager for one of the firm’s comingled funds. She also served as a Managing Director and Portfolio Manager for two international sovereign wealth fund clients, with total assets under management of more than $4 billion representing 11.7 million square feet.
https://www.cbreglobalinvestors.com
Los Angeles | USA
CBRE Investment Management is one of the world’s leading real asset investment managers with $108 billion in assets under management.

Fireside Chat

Investor's Perspective

Kim Hourihan is Chief Investment Officer for CBRE Investment Management. In this role, Kim is responsible for investment strategy, performance and risk. She chairs the Global Investment Committee and has oversight of all the regional and strategy-specific investment committees.

20th February, 15:00 - 16:00

Europe Cycle

 How deep & how long, where to make money in meantime?

  • Where will the inflation story end and are price indicators forever changed?
  • Interest Rates, Inflation & Economic Outlook - Good times over? Did we miss any tricks?
  • Demand - Are any sectors recession proof?
  • Will we see greater government fiscal intervention? Welcomed or not?
  • How is the US affecting Europe’s economy?
  • Is it a case of UK vs. the rest?
20th February, 16:30 - 17:30

Debt 

Open for business?

  • Debt Financing Sets Pricing - What consequences for rents?
  • Inflation & Recession Risk - Are lenders open for business?
  • US, UK & Eurozone - On the same page? If one changes pace, what consequences?
  • Pricing & Leverage - What makes sense?
  • What Asset Classes are Providing the Best and Worst Risk Adjusted Returns?
  • How will Banks, Insurance and Alternative Lenders Fare in the Coming Year?
  • Refinance & Capital Structures - Who makes up the gap in the capital structure for loans that need to be refinanced based on increased rates and reduced leverage?


20th February, 16:30 - 17:30

Hotels

Full recovery or has the game changed?

  • Is hotel performance back at pre-Covid levels in Europe? How does the post-Covid RE market look?
  • ESG- Can better energy efficiency mean greater downward pressure on yields and better borrowing terms on “greener” assets?
  • Will the depreciation of the sterling and the euro against the dollar cause renewed activity from US private equity?
  • Which are the top 10 European cities for hotel investment?
  • Trends - Are business travel and extended stay making ground?
  • Opportunity - Are alternative accommodation spaces the future of hospitality?
20th February, 16:30 - 17:30

UK Investment Outlook

Policy trap, inflation distress or reasons to be optimistic?

  • Is the MPC done with raising interest rates? How long before they can ease again?
  • How much longer will very high inflation persist?
  • How are investors working out debt and equity?
  • Will the Conservatives run the clock down? Could fiscal easing return before the next election?
  • How would asset returns be affected by a Labour-led government?


21st February, 09:30 - 10:30
Simon Martin
Simon Martin
Senior Partner - Chief Investment Strategist & Head of Research
Tristan Capital Partners
Simon Martin
Simon Martin
Senior Partner - Chief Investment Strategist & Head of ResearchTristan Capital Partners
United Kingdom
Simon brings a 25+ year track record of international real estate investment management to Tristan. He has worked with Founder and co-CEO Ric Lewis for close to 20 years and helped found Curzon Global Partners in London in 1999. Simon set up the firm’s strategy function and led the research team as it grew globally (as part of AEW). He continues to focus on developing Tristan’s research-led investment approach. He works closely with the firm’s investment and asset management teams, and actively participates in the portfolio management process. He has served on the Investment Committee and has worked on every deal the firm has executed since inception.
http://www.tristancap.com
London | United Kingdom
Tristan Capital Partners is an employee-controlled London-headquartered investment management boutique specialising in real estate investment strategies across the UK and Continental Europe. Tristan’s pan-European real estate funds include core-plus, value-added/opportunistic and debt investment strategies with total assets under management of over €13 billion.

Pause, Pivot or Panic

What to expect next in Europe?

  • Price Reset - have valuers gone too far or more to come?
  • Inflation, Rates & Recession - how to will the ‘macro’ influence risk appetite?
  • Distress & Dislocation or Pause & Pivot - when will capital flows come back?
  • Opportunities & Strategies - winning strategies for uncertain times?
21st February, 11:00 - 12:00

Tenant Demand Winners

Digital, affordable, eco or customer centric?

  • How are digitization and proptech affecting the RE investments?
  • Proptech - the Future of Tenant Experience?
  • The journey to sustainable buildings - what are the key drivers for investing in ESG technology?
  • How are 'Forever Renters' changing real estate as we know it?
  • How to ensure your buildings are attractive to tenants?
  • Owners - Is a possible landlord-exodus a catalyst for rent increases? What assets will suffer/triumph?


21st February, 11:00 - 12:00

Competitive Regions

Resi Vs Offices or chicken and egg paradox?

  • Resi, Commercial or Alternatives?
  • Occupiers & Rental Trends - Placemaking the answer to create ROI?
  • Rental & Structural Shifts - Regions will suffer or create pockets of opportunity?
  • Which Regional Markets and Locations are Resilient?
  • Value Add Dominating the Investor Landscape?
  • Buy or Sell Marketplace?
21st February, 11:00 - 12:00

Logistics & Light Industrial

Supply chain bottlenecks boosting demand or causing chaos?

  • Lack of Prime -What development innovation can solve the challenge?
  • Onshoring, supply constraints and ecommerce still fuelling demand or leading us into dangerous territory?
  • Site availability, cost pressure and rising cost of debt
  • Holding more stock, diversifying supplier bases and investing in more warehouse automation -What are investors’ priorities right now?
  • What are the top destinations in Europe for expansion?
  • Polarization of new vs. old buildings: should we build new warehouses or redevelop old ones? 


21st February, 13:00 - 14:00

Distress

What to expect from the pain and gain balance?

  • NPLs and workouts - Where and what sectors?
  • Are we ready for the pain? How can we act quickly to seize opportunities across distressed and special situations?
  • Prices - Time to rethink our valuation models?Are the distressed buyers setting the price?
  • Loans Becoming more Expensive - Will refinancings require more equity?
  • Risk -UK, Commercial, Resi or something unexpected? 
  • Securitisations back in vogue?
21st February, 13:00 - 14:00

Repricing Offices

Is the bloom off the rose?

  • 2022-2023 Deals - Holding steady or dangerzone?
  • Demand/Supply Imbalance - Will bid and ask spread ever return to post-covid demand? 
  • Tenant Demands and the flex component? Is it a must? 
  • ESG king factor for buyers?
  • Reimagining Portfolios - What to keep, what to refurb and what to cut?
  • Risk Profiles & Structural Shifts - What office products, lease terms and locations?
  • Core, Core + or Value Add? What’s the new risk playbook for successful office investing? 
21st February, 13:00 - 14:00

The Development Paradox

How to play if bills, demand and rent all up?

  • Lenders Appetite - Going lower, what impacts on loan sizes and types of assets?
  • Placemaking - Only way to secure tenants?
  • Rethinking the nature of value
  • Will the increase of costs hit a slowdown or is this the new normal?
  • Land & Construction Costs - Too saturated or the race for space still going strong?


21st February, 13:00 - 14:00

Retail

Back in fashion or final clearance?

  • Prime Retail Destinations - What are the best cities in Europe to invest in?
  • Turning Point for Retail - Repricing in recent years made the sector more competitive? 
  • How are hedging against impacts of e-commerce on retail supply?
  • Post Covid-era - Is the gradual recovery from Covid-19 leading to a revival of bricks ‘n’ mortar or is it wishful thinking?
  • Tenant Demand - Will shopping destinations diversify to include convenience shopping, services, clinics, health centres and others?
  • Will the Food and Convenience sectors prevail as king investor retail strategies in 2023?


21st February, 14:30 - 15:30

ESG

Livin’ on carbon neutral prayer or already there?

  • Economic ‘Greenification’ - Too many costs in a time of geopolitical volatility?
  • Sustainability Opportunities – How to turn compliance into commercial advantages?
  • Carbon-Neutral World - Safeguarding portfolios & future proofing assets; how to handle refurbishment costs?
  • Taxonomy & Regulations - While tedious, actually not pushing the agenda enough?


21st February, 14:30 - 15:30

Inbound Capital Winners

Bravery through the storm? 

  • Global Investors’ Appetite - Is the UK on a different risk curve to Europe and elsewhere?
  • Is the UK no longer a safe haven? Will this increase domestic capital?
  • Diversification - Only way to keep healthy flows during inflation turbulence?
  • How will leverage availability react to volatility in the buyer market?


21st February, 14:30 - 15:30

BTR

Wise to keep foot on pedal or price cooling expected?

  • BTR Beds Revolution - How to meet customer’s expectations and make profit?
  • Multifamily, Co, Student, SFR, Affordable or Senior-Which ones to bet in the inflation crunch?
  • Demand - Stable occupancy rates, production of consistent cash flows and rental growth outstriping inflation in BTR?
  • Cities vs Suburbs?
  • Will we see more flexible products and short term contracts to help us through the tough conditions?
  • What is the outlook for the residential asset classes and how does the risk return balance look for next year?
  • What challenges might we face with government policies in terms of control and planning?
  • The importance of community engagement - how are we contributing to the local community?
  • The best locations in Europe to invest in BTR?
21st February, 16:00 - 17:00

Opportunistic & Value Add

Structural shifts and repricing, what’s our safety net?

  • Which real estate sector is starting to see more structure?
  • Risk/Reward Profiles - Becoming foggy or smart investors know their way? 
  • Structural Shifts and repricing in traditional assets - Where are the future yields to be hunted?
  • Opportunity of liquidity in the market - how can we benefit from that?
  • Returns Likely to be Lower - Time for diversification and income security strategies?
  • Value Drivers - Asset Class or Location?


21st February, 16:00 - 17:00

Diversification Through Alternatives

Beds, Meds or Data?

  • Data Centres - No pain no gain? How high are investors willing to jump?
  • Medical Campuses - Just a UK value add or other parts of Europe can flourish?
  • Operational Assets - Best for demand, worst for investors?
  • Co-living, Student and Healthcare - Are all the beds alternatives on the same risk curve, or some hidden gems?
  • Assessing Acquisitions, Capital & New Development Funding
  • Healthcare Tenant Demands - Labs, living and life sciences growth potential?


21st February, 16:00 - 17:00

Social & Affordable Housing 

Can Institutional Capital dig us out of crisis?

Timetable

Monday, February 20th 2023
Close See complete schedule
01:30pm - 02:30pm

Fireside Chat

Investor's Perspective

Kim Hourihan is Chief Investment Officer for CBRE Investment Management. In this role, Kim is responsible for investment strategy, performance and risk. She chairs the Global Investment Committee and has oversight of all the regional and strategy-specific investment committees.

03:00pm - 04:00pm

Europe Cycle

 How deep & how long, where to make money in meantime?

  • Where will the inflation story end and are price indicators forever changed?
  • Interest Rates, Inflation & Economic Outlook - Good times over? Did we miss any tricks?
  • Demand - Are any sectors recession proof?
  • Will we see greater government fiscal intervention? Welcomed or not?
  • How is the US affecting Europe’s economy?
  • Is it a case of UK vs. the rest?
04:30pm - 05:30pm

Debt 

Open for business?

  • Debt Financing Sets Pricing - What consequences for rents?
  • Inflation & Recession Risk - Are lenders open for business?
  • US, UK & Eurozone - On the same page? If one changes pace, what consequences?
  • Pricing & Leverage - What makes sense?
  • What Asset Classes are Providing the Best and Worst Risk Adjusted Returns?
  • How will Banks, Insurance and Alternative Lenders Fare in the Coming Year?
  • Refinance & Capital Structures - Who makes up the gap in the capital structure for loans that need to be refinanced based on increased rates and reduced leverage?


UK Investment Outlook

Policy trap, inflation distress or reasons to be optimistic?

  • Is the MPC done with raising interest rates? How long before they can ease again?
  • How much longer will very high inflation persist?
  • How are investors working out debt and equity?
  • Will the Conservatives run the clock down? Could fiscal easing return before the next election?
  • How would asset returns be affected by a Labour-led government?


Hotels

Full recovery or has the game changed?

  • Is hotel performance back at pre-Covid levels in Europe? How does the post-Covid RE market look?
  • ESG- Can better energy efficiency mean greater downward pressure on yields and better borrowing terms on “greener” assets?
  • Will the depreciation of the sterling and the euro against the dollar cause renewed activity from US private equity?
  • Which are the top 10 European cities for hotel investment?
  • Trends - Are business travel and extended stay making ground?
  • Opportunity - Are alternative accommodation spaces the future of hospitality?
Tuesday, February 21st 2023
Close See complete schedule
09:30am - 10:30am

Pause, Pivot or Panic

What to expect next in Europe?

  • Price Reset - have valuers gone too far or more to come?
  • Inflation, Rates & Recession - how to will the ‘macro’ influence risk appetite?
  • Distress & Dislocation or Pause & Pivot - when will capital flows come back?
  • Opportunities & Strategies - winning strategies for uncertain times?
11:00am - 12:00pm

Logistics & Light Industrial

Supply chain bottlenecks boosting demand or causing chaos?

  • Lack of Prime -What development innovation can solve the challenge?
  • Onshoring, supply constraints and ecommerce still fuelling demand or leading us into dangerous territory?
  • Site availability, cost pressure and rising cost of debt
  • Holding more stock, diversifying supplier bases and investing in more warehouse automation -What are investors’ priorities right now?
  • What are the top destinations in Europe for expansion?
  • Polarization of new vs. old buildings: should we build new warehouses or redevelop old ones? 


Tenant Demand Winners

Digital, affordable, eco or customer centric?

  • How are digitization and proptech affecting the RE investments?
  • Proptech - the Future of Tenant Experience?
  • The journey to sustainable buildings - what are the key drivers for investing in ESG technology?
  • How are 'Forever Renters' changing real estate as we know it?
  • How to ensure your buildings are attractive to tenants?
  • Owners - Is a possible landlord-exodus a catalyst for rent increases? What assets will suffer/triumph?


Competitive Regions

Resi Vs Offices or chicken and egg paradox?

  • Resi, Commercial or Alternatives?
  • Occupiers & Rental Trends - Placemaking the answer to create ROI?
  • Rental & Structural Shifts - Regions will suffer or create pockets of opportunity?
  • Which Regional Markets and Locations are Resilient?
  • Value Add Dominating the Investor Landscape?
  • Buy or Sell Marketplace?
01:00pm - 02:00pm

Distress

What to expect from the pain and gain balance?

  • NPLs and workouts - Where and what sectors?
  • Are we ready for the pain? How can we act quickly to seize opportunities across distressed and special situations?
  • Prices - Time to rethink our valuation models?Are the distressed buyers setting the price?
  • Loans Becoming more Expensive - Will refinancings require more equity?
  • Risk -UK, Commercial, Resi or something unexpected? 
  • Securitisations back in vogue?

Repricing Offices

Is the bloom off the rose?

  • 2022-2023 Deals - Holding steady or dangerzone?
  • Demand/Supply Imbalance - Will bid and ask spread ever return to post-covid demand? 
  • Tenant Demands and the flex component? Is it a must? 
  • ESG king factor for buyers?
  • Reimagining Portfolios - What to keep, what to refurb and what to cut?
  • Risk Profiles & Structural Shifts - What office products, lease terms and locations?
  • Core, Core + or Value Add? What’s the new risk playbook for successful office investing? 

The Development Paradox

How to play if bills, demand and rent all up?

  • Lenders Appetite - Going lower, what impacts on loan sizes and types of assets?
  • Placemaking - Only way to secure tenants?
  • Rethinking the nature of value
  • Will the increase of costs hit a slowdown or is this the new normal?
  • Land & Construction Costs - Too saturated or the race for space still going strong?


Retail

Back in fashion or final clearance?

  • Prime Retail Destinations - What are the best cities in Europe to invest in?
  • Turning Point for Retail - Repricing in recent years made the sector more competitive? 
  • How are hedging against impacts of e-commerce on retail supply?
  • Post Covid-era - Is the gradual recovery from Covid-19 leading to a revival of bricks ‘n’ mortar or is it wishful thinking?
  • Tenant Demand - Will shopping destinations diversify to include convenience shopping, services, clinics, health centres and others?
  • Will the Food and Convenience sectors prevail as king investor retail strategies in 2023?


02:00pm - 03:00pm

Keynote Energy Crisis & War

02:30pm - 03:30pm

Inbound Capital Winners

Bravery through the storm? 

  • Global Investors’ Appetite - Is the UK on a different risk curve to Europe and elsewhere?
  • Is the UK no longer a safe haven? Will this increase domestic capital?
  • Diversification - Only way to keep healthy flows during inflation turbulence?
  • How will leverage availability react to volatility in the buyer market?


ESG

Livin’ on carbon neutral prayer or already there?

  • Economic ‘Greenification’ - Too many costs in a time of geopolitical volatility?
  • Sustainability Opportunities – How to turn compliance into commercial advantages?
  • Carbon-Neutral World - Safeguarding portfolios & future proofing assets; how to handle refurbishment costs?
  • Taxonomy & Regulations - While tedious, actually not pushing the agenda enough?


BTR

Wise to keep foot on pedal or price cooling expected?

  • BTR Beds Revolution - How to meet customer’s expectations and make profit?
  • Multifamily, Co, Student, SFR, Affordable or Senior-Which ones to bet in the inflation crunch?
  • Demand - Stable occupancy rates, production of consistent cash flows and rental growth outstriping inflation in BTR?
  • Cities vs Suburbs?
  • Will we see more flexible products and short term contracts to help us through the tough conditions?
  • What is the outlook for the residential asset classes and how does the risk return balance look for next year?
  • What challenges might we face with government policies in terms of control and planning?
  • The importance of community engagement - how are we contributing to the local community?
  • The best locations in Europe to invest in BTR?
04:00pm - 05:00pm

Opportunistic & Value Add

Structural shifts and repricing, what’s our safety net?

  • Which real estate sector is starting to see more structure?
  • Risk/Reward Profiles - Becoming foggy or smart investors know their way? 
  • Structural Shifts and repricing in traditional assets - Where are the future yields to be hunted?
  • Opportunity of liquidity in the market - how can we benefit from that?
  • Returns Likely to be Lower - Time for diversification and income security strategies?
  • Value Drivers - Asset Class or Location?


Diversification Through Alternatives

Beds, Meds or Data?

  • Data Centres - No pain no gain? How high are investors willing to jump?
  • Medical Campuses - Just a UK value add or other parts of Europe can flourish?
  • Operational Assets - Best for demand, worst for investors?
  • Co-living, Student and Healthcare - Are all the beds alternatives on the same risk curve, or some hidden gems?
  • Assessing Acquisitions, Capital & New Development Funding
  • Healthcare Tenant Demands - Labs, living and life sciences growth potential?


Social & Affordable Housing 

Can Institutional Capital dig us out of crisis?

Extra Activity

WIRE & GRI Club’s senior female real estate leaders get together to network and forge new friendships to take into the broader discussions taking place at the conference.


Click here to see more.




*The private discussion and networking are complementary and open to all female participants of the UK & Europe Reunion Conference, WIRE members and GRI club members.

Become a Sponsor

Contact our team to find the sponsorship and exposure opportunities that best fit the strategy of your company.

Sponsorship opportunities

Include your information below to apply for sponsorship opportunities
Successful registration
* I confirm that I have read and agree to the Terms and Conditions of GRI Club
Pan European Club Partner
Women in Real Estate Sponsor
Industry Partners
https://cms.law/en/int/publication/our-real-estate-capability-at-your-service
Warsaw | Poland
With the largest commercial real estate team in Europe and one of the biggest worldwide, CMS is well positioned to help investors, funders, developers, landlords and occupiers navigate all aspects of the real estate market and maximise their assets. Whatever the size and scope of your project or deal, with almost 800 real estate lawyers in 46 countries we have the resources to meet your needs quickly and efficiently, offering expert advice. We have been active in real estate in our markets for decades, so we understand the culture, the economic context, the local legal context and the history.
https://www.globaltalent.com.br/
Brazil
We are your strategic partner in talent acquisition for the real estate and infrastructure sector. With over 20 years of experience and a strong presence in Europe, we specialize in optimizing performance by maximizing human resources and operational strategies. Our commitment to excellence drives us to find tailored talent, reshaping organizations and empowering professionals for success. In collaboration with the GRI Club, our global network spans 30 countries.
Alessandro Marra
Alessandro Marra
Head of InvestmentsDomeo.it
United Kingdom
https://www.domeo.it/
United Kingdom
Domeo è la prima piattaforma di property management online italiana per gli affitti a medio-lungo termine. L’obiettivo di Domeo è diventare il punto di riferimento per le locazioni in Italia ed in Europa, offrendo servizi a tutela dalla morosità, di gestione dei pagamenti e dei contratti di locazione e non solo. Siamo una Start-up nata nel 2021, da un team di esperti del settore immobiliare, tech e legale con profili internazionali, in continua crescita.
Andrew Fitzpatrick
Andrew Fitzpatrick
Director, Business Development, UKBrainBox AI
Canada
https://www.brainboxai.com/
Montreal | Quebec | Canada
BrainBox AI uses deep learning, cloud-based computing, algorithms and a proprietary process to support a 24/7 self-operating building that requires no human intervention and enables maximum energy efficiency. Pre-commercialization tests have demonstrated that BrainBox AI enables a reduction in total energy costs of up to 25% in less than 3 months, with low to no CAPEX needed from property owners. It also improves occupant comfort by 60% and decreases the carbon footprint of a building by 20-40%.
Andy Kean
Andy Kean
Chief Revenue OfficerFu3e
United Kingdom
https://www.fu3e.com/
Three Bridges | West Sussex | United Kingdom
Designed by real estate and property executives, fu3e. is the umbrella above existing management software, used by real estate funds, asset owners, developers and professional consultants.
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