Italia GRI 2018Milan, 5 - 6 June

Overview

Summary of key discussions at Italia GRI 2018

Milan 

Gateway or Gatekeeper of Capital?

The future of Milan weighed heavily on our participants’ minds, naturally Milan holds most of the core potential but how much product at the right price can be yet squeezed? Most were very optimistic about the future of Milan as a promising investment destination; focusing on Milan’ big projects’ (with Pierfrancesco Maran - Deputy Mayor for Urban Planning, Milan - highlighting the best new hot spot to look at). Some were cautious about whether the investment landscape was still proving to be more global than local and whether the domestic market were being pushed to secondary locations or alternative asset classes.

Rome 

Still Dividing Investor Sentiment?

The majority agreed that Milan alone cannot be sufficient to relaunch the whole real estate Italian sector. The industry needs brave pioneers able to create value in the rest of Italy. Contrasting opinions were given to Rome: the eternal city divides investors who class the city as a ‘no hope’ against others who see in it ‘an imminent arrival of equity’.

The Co-Economy 

Has WeWork Changed the Game?

Patrick Nelson (WeWork) challenged us to re-imagine the future of offices and working together. This brave new world of ‘millennial’s communities’ fired up a special plenary discussion that allowed investors, developers and asset managers alike to understand what it truly means to develop, own and operate these days that fit customer demand. What’s next for this disruptive force and how far can it last in the current property cycle?

Conclusions 

Overall, our sessions on retail, logistics, e-commerce, hospitality, senior & student housing allowed dynamic debates on how our industry can satisfy future occupier demands on live, work, shop and play. Finance and investment strategies were debated from the market life cycle, alternative sources of debt finance and opportunistic and defensive strategies.

Cyril Courbage
Managing Director
Fortress Investment Group
London | United Kingdom
Segment: Investor
Biography:
Cyril Courbage joined as a Managing Director of the Credit and Real Estate Funds in the London office in February of 2012. Mr. Courbage is responsible for debt and equity investing across the Credit and Real Estate Funds in Europe. Prior to joining Fortress in February 2012, Mr. Courbage spent 10 years at Deutsche Bank in London where he was the European head of the Commercial Real Estate group, an activity encompassing financing and special situation principal investments. Prior to that, Mr. Courbage spent six years at Merrill Lynch, initially in the Distressed Debt group and subsequently as a director of the real estate Global Principal Investment business.
Donato Saponara
Country Head Italy
Allianz Real Estate
Milano | ITALY
Segment: Investor, Lender
Biography:

Donato Saponara is a Managing Director in the Allianz Real Estate and the Head of Transaction and Asset Management. Since joining Allianz Mr Saponara has been responsible for more than 1.3bn of sales and acquisition transactions and around €600m of re-positioning projects. He is managing a multi-billion portfolio including all asset classes (office retail residential hospitality). Prior to joining Allianz Mr Saponara spent 14 year in Morgan Stanley acting as an Executive Director Co-heading the Italian Investing team leading more than 1bn of acquisition and € 5bn of assets sale/refinancing deals. Mr Saponara graduate magna cum laude from Bocconi University

Ian Worboys
CEO
P3 Logistic Parks
Czech Republic
Segment: Industrial Developer
Biography:
Ian is a 36 year veteran of the warehousing market having started his career as an industrial agent at Strutt and Parker in London in 1981. After 16 years Ian became a developer with Gazeley Properties for 10 happy years where he started up their European business. He briefly joined Parkridge before starting up the Panattoni Western European business as MD. In 2009 Ian joined P3 as CEO of Europe and has seen P3 grow into a multibillion euro company. He recently headed up the sale of P3 from TPG and Ivanhoe Cambridge for EUR 2.4bil. to GIC. Ian and his team will now guide P3 through the next stage of its growth as an investor, developer and asset manager of warehouses across Europe
Minh Pham
‎Senior Fund & Portfolio Manager
Swiss Life Asset Managers
France
Biography:
Mr. Pham is a Senior Fund & Portfolio Manager at Swiss Life Asset Managers, responsible for acquisitions in France, Belgium and Luxembourg for Swiss Life’s German and Swiss funds, as well as sourcing, structuring and executing deals in Italy, Spain and Portugal for the group. Prior to that, he was at GE Real Estate in a number of roles, the last one being European Head of Portfolio Management, as well as at Lehman Brothers Real Estate Partners where he was a Principal responsible for investments in France. Mr. Pham also worked as a project engineer for the City of Vancouver. Mr. Pham holds a Bachelor of Engineering (Civil) from McGill University, a Masters in Engineering from the University of British Columbia and an M.B.A. from INSEAD.
Patrick Nelson
Executive Vice President - Real Estate
WeWork
United States
Biography:
Patrick is Executive Vice President of Real Estate at WeWork. He currently heads WeWork’s European real estate expansion. He holds a MBA from Columbia University and is originally from London.
Raj Kotecha
Co-Founder & Managing Director
Amro Real Estate Partners
United Kingdom
Segment: Investor & Operator
Biography:
Raj is Co-Founder and Managing Director of Amro Real Estate Partners, a successful real estate investment firm specialising in the purpose built student housing and multifamily residential sectors with a track record of £350M GDV of schemes completed and under development in the UK and Europe. He graduated with a 1st class degree in Economics from the London School of Economics and holds a Masters Degree in Finance from Cambridge University. Raj began his career as a strategy consultant and has been a real estate investor for over twenty years.
Robert Balick
Managing Partner
Baumont Real Estate Partners
United Kingdom
Segment: Private Equity & Real Estate Investment
Biography:
Robert Balick is a Managing Partner at Baumont Real Estate Partners. Prior to co-founding Baumont in 2017, he led the equity real estate investment activities of CarVal Investors in Europe and was an investment banker in real estate finance at Salomon Brothers. He received his MBA with specialization in finance from the Stern School of Business at NYU and his B.A. in mathematics from NYU.
Andrea Rasca
Founder & Chief Executive Dreamer
Mercato Metropolitano
Biography:
Hailing from a business, international relations and economics background, Andrea Rasca has worked in food for the past 25 years, introducing Italian brands to the international arena as a Food Diplomat. He was the founder of a marketing agency specialising in the internationalisation of food, beverage and lifestyle companies. Andrea’s wealth of experience and passion for the food industry led him to set up the open-air urban market Mercato Metropolitano in Milan in 2015 during the EXPO and its overwhelming success led to the London opening in Elephant and Castle in 2016, that has quickly become the choice destination for discerning food lovers all over the capital.
FORMAT
Join

PARTICIPATE AS A DELEGATE

Delegate slots are available for anyone senior currently active in real estate. Immerse yourself in a dynamic environment of informal group discussions where everybody participates. Discuss the latest opportunities, challenges and trends with top level decision makers. 

PARTICIPATE AS A CO-CHAIR

Available exclusively to senior-level investors, developers and lenders that confirm their participation in advance, chairing a discussion at Italia GRI is a way of attending while enjoying greater visibility, reduced rates and other benefits.

Register as a delegate or co-chair

SPONSORSHIP

The GRI has a limited number of commercial packages available and our sponsorship team will be happy to tailor a package to ensure you maximise your return on investment. Enquire about Sponsorship

JOIN INDUSTRY LEADERS AS A CO-CHAIR

Available selectively to senior-level Investors, Developers and Lenders confirmed in advance, co-chairing is a way of attending while enjoying greater visibility, reduced rates and other benefits.

As a discussion Co-chair you do no more and no less than anyone else. Just bring your experience and opinions. Discussion co-chairs are featured in the marketing brochure, profiled on the website and event program book, and enjoy reduced rates to attend.

Each discussion has a limited number of places and these fill up fast.

If you are interested in co-chairing, select the co-chair option at registration, request a callback or contact

Fulvia D'ippolito
+44 (0)207 121 5072  |  fulvia.dippolito@griclub.org

 

Related events
Fulvia D'Ippolito

Fulvia D'Ippolito

Senior Director

+44 20 7121 5072

fulvia.dippolito@griclub.org
Fulvia D'Ippolito
fulvia.dippolito@griclub.org
+44 20 7121 5072
Senior Director
GRI Club
Biography:

Fulvia is a Senior Director at GRI, with direct responsibility to support GRI’s Club Directors for Italy, Spain, CEE and Russia. She joined GRI in 2014, launching the GRI business in Italy and helping to strengthen GRI’s portfolio in Sub Saharan African markets. She has over 16 years of experience in b2b event production and brand marketing. Prior to joining GRI, she was Director at Fiera Milano Media for many years, and brand consultant for Italian start-ups in London. Fulvia is executive MBA from MIP Politecnico di Milano (2012) and M.Sc. in Business & Corporate Communications, University of Siena, Italy.

Club Partners

REAG Real Estate Advisory Group - Duff & PhelpsLudovici & PartnersMF Real Estate Advisory

Sponsor

Sigest

Industry Partner

MIPIMPreqin

Media Partner

Europe Real Estate (REP)
REAG Real Estate Advisory Group - Duff & Phelps

The Duff & Phelps Real Estate Advisory Group (REAG) provides real estate advisory services tailored to meet the requirements of specific jurisdictions and aims to develop and increase the value of individual assets or properties. REAG has a network of over 750 professionals across Europe. Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M&A, real estate, restructuring, governance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world.

Ludovici & Partners

Ludovici Piccone & Partners is an independent tax law firm based in Italy providing integrated tax advisory both in domestic and international transactions. Founded by Paolo Ludovici in November 2014, the firm currently includes 28 professionals, and has offices in Milan, London and Rome. The firm has a comprehensive tax practice, encompassing all domestic and cross-border transactional tax work. Professionals structure complex M&A transactions as well as cover all other significant areas such as transfer pricing, tax litigation and VAT. Moreover, the firm is renowned for its expertise in finance and real estate transactions, as well as wealth advisory for high net worth individuals. Professionals of the firm give complete, ongoing coverage of all aspects of real estate tax planning. In particular, the firm has developed specific expertise in advising on the tax ramifications of residential and commercial real estate transactions and renewable energy businesses and in giving assistance to real estate funds and other institutional investors, as well as private and corporate clients in structuring and reorganizing real estate investments both in Italy and abroad.

MF Real Estate Advisory

MF Real Estate Advisory, together with its sister company MF Law & Tax Firm, is a “boutique” real estate company that provides its Clients with highly specialized advisory services for the sourcing, management and disposal of real estate portfolios in Italy.

MF’s aim is to achieve the objectives set forth by the Client by designing investment strategies, improving and maximizing value and, overall, making the investment successful until the disposal of the underlying assets.

Together with the asset management and legal team, MF responds to all the requirements relating to the origination of opportunities and the subsequent management of the portfolio, thus meeting all the needs of the current market.

MFRE is the result of synergies of multiple professionals combining different areas of expertise in investment, financing, property, facility and asset management in addition to the legal advisory field.

Over the years, MF has been entrusted with the management and/or advisory of portfolios (consisting of shopping centres, retail parks, factory outlets, logistics, offices, residential buildings) estimated in a value of over 800 million Euros.


Sigest

Sigest, Real Estate Group founded in 1989, operates in residential Milan market, in Lombardy and throughout the national territory through a network consolidated over time. With a team of over 50 young professionals of proven experience, Sigest diversified its business in 4 lobs: Agency, advisory for homes’ purchase, sale and rental; Advisory, services for real estate assets; Home, offering contract management services; Digital, online platform for intermediation activities. Sigest has also a Research Department dedicated to the market analysis and trends investigation.
MIPIM

MIPIM gathers the most influential international property players from all sectors for 4 days of networking, learning and transaction.

Preqin

Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and complimentary research reports. Preqin is an independent business with over 250 staff based in New York, London, Singapore, San Francisco, Hong Kong and Manila serving over 40,000 customers in over 90 countries. 

Preqin has the most comprehensive and extensive information available on the private equity and venture capital, hedge fund, real estate, infrastructure, private debt and natural resources industries, encompassing funds and fundraising, performance, fund managers, institutional investors, deals and fund terms. Leading alternative assets professionals from around the world rely on Preqin’s services daily, and its data and statistics are regularly quoted by the financial press.

www.preqin.com

Follow us on Twitter: www.preqin.com/Twitter

Find us on LinkedIn: www.preqin.com/LinkedIn


Europe Real Estate (REP)

Among participants
Alessandra AlbaniAlessandra AlbaniGeneral ManagerITALSOCOTEC
Alessandro BalpAlessandro BalpPartnerBonelliErede
Alessandro MuccioAlessandro MuccioManaging PartnerADIM Partners
Alessandro StoppaAlessandro StoppaPartnerGianni Origoni, Grippo Cappelli & Partners
Alessio LucentiniAlessio LucentiniMD and Head of Asset & Transactions MgmtAXA IM - Real Assets Italy
Andrea ArientiAndrea ArientiReal Estate Director ItalyInditex
Andrea CaputoAndrea CaputoSenior AssociateFreshfields Bruckhaus Deringer
Andrea CornettiAndrea CornettiManaging DirectorPrelios SGR
Andrea CorsaleAndrea CorsaleSenior Vice PresidentRound Hill Capital
Andrea RascaAndrea RascaFounder & Chief Executive DreamerMercato Metropolitano
Andrew JacksonAndrew JacksonSales Director Western EuropeFirst Title Insurance
Antonio MazzaAntonio MazzaGeneral Manager ItalyAareal Bank

More records

Alessandra Albani
General Manager
ITALSOCOTEC
Alessandro Balp
Partner
BonelliErede
Milan | Italy
Segment: Law Firm
Biography:
Alessandro Balp's expertise is in Corporate law focusing on real estate extraordinary M&A private equity mutual investment funds and sector regulations. He gives assistance to Italian and international firms on stock exchange listings mutual investmen
Alessandro Muccio
Managing Partner
ADIM Partners
Milano | Italy
Biography:
Alessandro Muccio is founder of ADIM Partners boutique of asset and investment management that in the last year had ca. 100 000 sqm of mix use assets under management and acts as local investment partner for family offices and private equity funds in Italy. He has 20 years of RE advisory investment and development experience 12 of which accrued to JLL where leaded the Italian opportunistic and value added investment services. He is Managing Partner of ADIM and Board member of companies focused on management and development of RE properties. He holds a degree in Business Administration and an Executive MBA at SDABocconi.
Alessandro Stoppa
Partner
Gianni Origoni, Grippo Cappelli & Partners
Alessio Lucentini
MD and Head of Asset & Transactions Mgmt
AXA IM - Real Assets Italy
Italy
Biography:
Alessio Lucentini is Head of Asset Management and Transactions for Italy and a member of the AXA IM - Real Assets Executive Committee. Having joined in 2002, he was appointed Gatekeeper for the Italian market in 2005 and Managing Director in 2008. Prior to joining AXA IM – Real Assets, Alessio developed his experience in valuation, asset and investment management by working for Cushman & Wakefield and AIG Lincoln. Alessio has 18 years of experience in the real estate sector and holds a degree in Economics from the University of Rome.
Andrea Arienti
Real Estate Director Italy
Inditex
Italy
Andrea Caputo
Senior Associate
Freshfields Bruckhaus Deringer
Andrea Cornetti
Managing Director
Prelios SGR
Italy
Segment: Asset manager
Biography:
Andrea Cornetti is the General Manager of Prelios SGR since 2016. In Prelios since 2013, previously he was the Company’s CIO. Prelios SGR is one of the leading real estate asset management companies in Italy. The company is active in promoting, setting up and managing real estate investment funds, in real estate advisory and in third-party separate accounts management and currently manages 32 funds, (including 2 umbrella funds) and 3 separate accounts with nearly € 4 Bln AUM. Previously he was Head of Strategy and Business Development at DeA Capital RE SGR (formerly Fimit SGR). While in Fimit he performed transactions for an overall value of approximately €4bn. He has a degree in Economics and Commerce and an MBA at St. John’s University.
Andrea Corsale
Senior Vice President
London | United Kingdom
Segment: Investor
Biography:
Andrea joined Round Hill Capital in 2015 and is responsible for the company's European investment strategy in the Hospitality sector. Andrea brings 13 years experience in RE and has worked of range of leading European firms. From 2004 to 2006 he was the Asset Manager of a closed-end RE fund managed by Pirelli RE SGR and regulated by the Italian financial authority. From 2006 to 2009 he was a director at Tishman Speyer where he was able to build on a strong pan-European operating expertise. Andrea also served as Director in the company's Acquisitions and Fund Management division. Recently, he was a partner in the structured finance team of Chalkhill Partners and Managing Director of Brecon Capital, a UK focused investment management company.
Andrea Rasca
Founder & Chief Executive Dreamer
Mercato Metropolitano
Biography:
Hailing from a business, international relations and economics background, Andrea Rasca has worked in food for the past 25 years, introducing Italian brands to the international arena as a Food Diplomat. He was the founder of a marketing agency specialising in the internationalisation of food, beverage and lifestyle companies. Andrea’s wealth of experience and passion for the food industry led him to set up the open-air urban market Mercato Metropolitano in Milan in 2015 during the EXPO and its overwhelming success led to the London opening in Elephant and Castle in 2016, that has quickly become the choice destination for discerning food lovers all over the capital.
Andrew Jackson
Sales Director Western Europe
First Title Insurance
United Kingdom
Segment: Title Insurance
Biography:
Andrew Jackson is the Sales Director for Western Europe at First Title Insurance plc. Andrew is responsible for identifying and developing business opportunities within the region.
Antonio Mazza
General Manager Italy
Aareal Bank
Rome | Italy
Segment: Antonio is General Manager of Aareal Bank AG – Italy and board member of several Italian companies within the Aareal Group. Anto
Biography:
Antonio is General Manager of Aareal Bank AG – Italy and board member of several Italian companies within the Aareal Group. Antonio has been working for almost 25 years in the real estate market for both Italian and foreign banks (namely Cariplo, Banca Intesa, Barclays Group, DEPFA Bank AG and Aareal Bank AG). Antonio is a Teaching Fellow at SDA Bocconi School of Management and member of RICS. Following a law degree in 1989, he gained an Executive Master of Business Administration (EMBA) at MIP, School of Management Politecnico di Milano. He is coauthor of two books on property finance: “Finanziamento Immobiliare” ( Egea, Milan 2010) and “Property Finance – An international approach” (Wiley, London 2015).
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