Club MeetingParis, September 14th, 2016

Overview

BREXIT - The good, the bad and the ugly about Brexit and its impact on the real estate market in Europe

BREXIT - The good, the bad and the ugly about Brexit and its impact on the real estate market in Europe was the topic of the GRI CLUB meeting held on September 14th in Paris, prior to the opening of the Europe GRI 2016. The meeting was followed by a GRI Club members-only lunch.

The discussion focused on more general topics such as migration and the impact on employment, how likely is it for The City to move from London to another major European capital and how the different countries are dealing with the potential effects of Brexit on their real estate sector.  The participants provided at the end a list of issues that they considered critical and kept them up at night: Terrorism, the declining consumer power, chaos and how to be resilient, “uberization” of the economy and solvency of pension funds, were some among others. Finally, a vote was taken to ascertain who had a positive or negative vision as to how things will evolve.  Out of the 52 attendees present, 28 voted that they were positive as to how things will evolve and 15 voted that they were negative with how things will evolve, with the difference not voting either way.

Among the participants, we had: Aref Lahham - Partner, Orion Capital Managers, Kirk Adamson - Principal, Blackstone, Arnaud Taverne - Directeur Generale, CDC-GPI, Jean-Philippe Olgiati - Managing Director, Blackrock, Cristina Perez Liz - Managing Director, Kennedy Wilson, Marjorie Brabet-Friel - CEO & Member of the Board, Sistema Capital Partners, Colin Grant - Principal, Mercer Capital Partners and Mauro Montagner - CEO Southern Europe, Allianz Real Estate.

See who attended
Luis MorenoLuis MorenoHead of Strategy and Business DevelopmentACCIONA Real Estate
Walter De LunaWalter De LunaCEOACCIONA Real Estate
Stefan ZimmermannStefan ZimmermannManaging PartnerACREST Property Group GmbH
Riccardo Delli SantiRiccardo Delli SantiChairmanAGIDI ( RE Legal Advisors Association)
Mauro MontagnerMauro MontagnerCEO Southern EuropeAllianz Real Estate
Laurian DouinLaurian DouinManaging DirectorAltarea Cogedim
Oubay ChurbajiOubay ChurbajiExecutive DirectorAltarea Cogedim
Stanislas HenryStanislas HenryHead of Institutional Funds and SolutionAmundi Immobilier
Stéphanie BensimonStéphanie BensimonManaging DirectorArdian
Brian BetelBrian BetelManaging PartnerASG Iberia Advisors
François GrandvoinnetFrançois GrandvoinnetPrésidentAviva Investors Real Estate France
Francois MenagéFrancois MenagéManging Director & FounderBalzac REIM

More records

Luis Moreno
Head of Strategy and Business Development
ACCIONA Real Estate
SPAIN
Biography:
Based in Madrid, Luis Moreno is the Head of Strategy and Business Development at ACCIONA Real Estate since 2014. Former Head of Financial Assets of SAREB (2012–2014). Previously General Manager of RBS Global Restructuring Group in Spain & Portugal and Chief Risk Officer of ABN AMRO Spain, where he spent 10 years of his professional career. Luis holds superior degree in Business Administration from Complutense University and Leaderhsip and Finance Studies from IESE Business School and Francisco de Vitoria University.
Walter De Luna
CEO
ACCIONA Real Estate
Spain
Biography:
Based in Madrid Mr. de Luna is the CEO of ACCIONA Real Estate since 2014. Former CEO of SAREB (2012–2014). Previously held the position of General Manager at ING Real Estate Spain and Portugal ; General Manager at ASCORP and CEO of MCC Desarrollo. Mr. de..
Stefan Zimmermann
Managing Partner
GERMANY
Biography:
Established in 2005 and re-branded as ACREST in 2008. Stefan is responsible for transaction services including deal structuring, strategy and acquisitions. He holds a real estate degree. Stefan is Co-Head of ULI Retail Council and Member of the ZIA Retail Committee.
Riccardo Delli Santi
Chairman
AGIDI ( RE Legal Advisors Association)
Roma | Italy
Biography:
Over the years, has consolidated his position as one of the most influential lawyers specializing in the real estate market in Italy & Europe. He is Partner of Studi Strategici Delli Santi and an expert in real estate law with a focus on town planning and management of RE portfolios: due diligence, establishment and management of real estate funds, establishment of real estate companies, securitization, project financing. Among the activities carried out, in particular those interested by administrative and planning procedures, sales-purchase of assets, diversification of assets belonging to public-private companies for the provision of public services. He is the President and founder of AGIDI (Italian Association of Real Estate Lawyers).
Mauro Montagner
CEO Southern Europe
Allianz Real Estate
Italy
Segment: Investor
Biography:
Mauro Montagner is CEO Allianz RE Southern Europe, and is member of the Allianz RE Executive Committee & Investment Committee. In his role, Mauro is responsible for the management of a €2.5 bil portfolio, as well as for the investment program of Allianz in the region. Before joining Allianz, Mauro was MD at Morgan Stanley, where he served as portfolio manager for a large pan-european RE fund and also as Country Head for the RE investment activity in Italy. Prior to that, Mauro was Director at London-based Curzon Global Partners, where he was responsible for the acquisition and asset management operations in Italy.
Laurian Douin
Managing Director
Altarea Cogedim
France
Segment: Investor / Developer
Biography:
Since 2015, Managing Director of Altarea Cogedim Entreprise (office investment and development arm of the Altarea Cogedim Group, managing, inter alia, AltaFund, a €650 MM private equity office investment fund); 2013-2015 : Deputy General Manager of Altarea Cogedim Entreprise; 2010-2012 : Chief operating officer of Altarea Cogedim Entreprise 2006-2010: Altarea Cogedim corporate finance officer in charge of the group corporate development and financing operations 2004-2006: Director at PricewaterhouseCoopers Real Estate Corporate Finance 1998-2004: Manager at Andersen Real Estate Corporate Finance 1998: Graduated from Edhec Business School
Oubay Churbaji
Executive Director
Altarea Cogedim
France
Segment: Investor / Developer
Biography:
Ingénieur Architecte et DESS des Ponts et Chaussées, Master de Management de l’ESTP, il a commencé sa carrière en 1999 au sein du Groupe Bouygues en tant que chargé d’affaires chez Screg Bâtiment. Dès 2002, il est en charge du développement et du montage financier chez Bouygues Bâtiment Ile-de-France. Il rejoint Bouygues Immobilier en 2005 comme Chef de Service en charge du développement des Grandes Affaires et des Projets Urbains puis, en 2009, du développement de projets tertiaires clé-en-main pour le compte d’Utilisateurs et de Grands comptes en France et en Europe. Il rejoint Altarea-Cogedim début 2013 pour prendre la direction du développement et du montage des opérations tertiaires en Régions. En 2015, il est nommé DGA.
Stanislas Henry
Head of Institutional Funds and Solution
Amundi Immobilier
FRANCE
Segment: Fund Manager
Biography:
Stanislas Henry is currently director, heading RE funds and Solutions to Institutional Investors at Amundi Real Estate (which was created from the merger of Société Générale and Credit Agricole's real estate investment activities in 2010). He has over 20 years experience in corporate finance of which 15 years in the real estate sector. He previously worked at BNP Paribas Group in Paris, London and New York where he was responsible for structured financing for large caps. He also worked as head of financial participations for GE Real Estate France form 1997 till 2001. He then worked at Calyon (now CA CIB) as head of their Real Estate advisory division (mergers & acquisitions; equity capital market), until 2008 when he joined Amundi.
Stéphanie Bensimon
Managing Director
Ardian
France
Segment: Investment Company
Biography:
Managing Director France at Ardian Real Estate. Stéphanie Bensimon joined Ardian Real Estate in 2016 with over 17 years’ experience most recently at Invesco Real Estate where she spent five years and was Head of Transactions in France Belgium and Southe
Brian Betel
Managing Partner
ASG Iberia Advisors
Spain
Segment: Private Equity Real Estate Investment
Biography:
Brian has worked for more than 22 years doing acquisitions, dispositions and asset management of a wide range of commercial and residential real estate and loan portfolio workouts in 6 countries. Brian ended a 14 year career at Cerberus as the MD in Spain before moving on to open the Activum Iberia SG office in Spain.
François Grandvoinnet
Président
Aviva Investors Real Estate France
FRANCE
Francois Menagé
Manging Director & Founder
Balzac REIM
FRANCE
Biography:
François Menagé is Managing Director and Founder of Balzac REIM. Balzac is a local operating partner for private equity real estate investors, focusing on the acquisition, renovation, asset/project management, and disposal of office buildings in France. Prior to establishing Balzac REIM in 2007 he was Managing Director of First Paris Properties. Under his leadership the company raised a closed-end Paris office recovery fund and advised both private and institutional clients on the acquisition, asset management and disposal of commercial real estate in France. He started his career at London & Edinburgh Trust, within the French office of the UK listed property company LET plc.