APREA Asia Pacific Property Leaders' Summit 2019

3 – 5 September 2019

Shanghai, China

Programme Agenda

View Pillar Day’s programme

4 September - Wednesday

Pillar Day, Venue: 5F Grand Ballroom

8:30 am

Welcome Session

Main Ballroom Level 5

8:45 am

1st Panel – Harnessing Global Megatrends

 

Global macro trends are long-term directional shifts that alter world economies, business landscapes and society with irreversible consequences. Think urbanization, demographics, China’s rise and the digital revolution. Identifying the potential for change is a key driver of investment decision-making and the ability to spot and ride these waves of change in the investment process offers real insights that could result in outsized returns. However, the plethora of information would more likely confound than illuminate. How do we separate the hype from reality?

Speakers: 

NEIL BROOKES, Head of Capital Markets Asia Pacific, Knight FrankINDRANEEL KARLEKAR, PH.D, Senior Managing Director, Global Research & Strategy, Principal Real Estate InvestorsDR SAM CHANDAN, Silverstein Chair & Associate Dean, NYU SPS Schack Institute of Real Estate

 

9:30 am

Keynote Speech – To Keep Up with China

Mr. Andrew Wu,  Greater China CEO of LVMH will discuss transformation speed, generation shift and fashion forward. He will also provide an overview of and commentary on how fast the market changes, how new consumers dominate now, and how fashion influences evolve – all of which impact retail development.

Speaker: 

ANDREW WU, Greater China CEO, LVMH

 

10:00 am

2nd Panel – The Future of Smart Cities

 A total of 1.3 million people move into cities every week; 54% of the global population or a little over 4 billion people live in cities; this will hit 6.3 billion, or 68%, by 2050. The statistics are familiar but they remain as stark. The world’s urban centers are vital economic nodes but as pressures on resources and the environment build from sustained urbanization, the Smart City has become a vital initiative that is much bandied and dangled as the panacea to the scourges of urbanization. Driverless cars, state-of-the-art public transportation, intelligent infrastructure tied to a circular economy drive the creation of an urban utopia. Technology is a given but is it just about implementing a digital master plan? To be sure, since it was first coined in the last century, the Smart City has evolved as a vision, a concept and an idea beyond its physical ideals. What exactly is a smart city? How will it evolve? Should we approach the concept and idea of a Smart City so that it remains grounded in urban planning?

Speakers: 

PAUL CHEN, Head of Asia, RealFoundations
ESTHER WONG, Managing Director, Strategic Investment, SenseTime
ERIC CHEN, Vice General Manager, Product Group, Ping An Urban Tech
XIAO CHEN, Chief Executive Officer, Smart Business Unit Greentown China Co. Ltd

10:45 am

Morning Tea Break & Networking

11:05 am

Keynote Speech – China: Vision 2.0

China Overseas Land & Investment (COLI) is the second-largest Hong Kong-listed Chinese developer by market capitalization, whose journey into a real estate giant mirrors the extent to which China itself has grown into an economic superpower. According to Real Capital Analytics, the company was a top four buyer of development land sites in China last year, spending close to US$12 billion; a third of the outlay were in tier one cities. It also took a stake in a development project in Hong Kong’s former airport. Learn from Mr. Wang Linlin’ s experience in navigating the competitive Chinese market and his vision for COLI as well as the development of China’s REIT sector.

Speaker:

WANG LINLIN, General Manager, China Overseas Land & Investment Ltd.

11:35 am

3rd Panel – New REIT Opportunities: India, China, Philippines and Malaysia

After successfully negotiating tax and regulatory hurdles, India debuted the country’s first REIT this year. The offering, which was 2.6 times oversubscribed, has definitely piled on some pressure on the other Asian markets, as efforts continue to get its own REITs off the ground. There is no question about it – the REIT race in Asia is heating up. Plans already in motion in China, Indonesia and the Philippines could herald a new era for the region; even in countries with established REITs markets, frameworks are being reviewed to ensure that the asset class continues to thrive. For the region, where urbanization is still on the upswing, REITs remain crucial for the continued improvement of the real estate sector in emerging markets. What is the state of play for new REIT markets in the region and what are the challenges that emerging markets face in piloting REITs?

Speakers:

RICO CHAN, Head of Hong Kong/China and Asia, Real Estate Group and Head of GBA Practice, Baker Mckenzie
AMBASSADOR ANTHONY ANG, Chief Executive Officer, Sasseur REIT
DATO STEWART LABROOY, Chairman, AREA Group
HEI MING CHENG, Founder & Chairman, KaiLong Group
JOSE E.B. ANTONIO, Chief Executive Officer, Century Properties Group, Inc.
MIKE HOLLAND, Chief Executive Officer, Embassy Office Parks,

12:35 pm

Networking Lunch

1:35 pm

4th Panel – The Building of the Future: office, retail, industrial, residential

It is the year 2030. Age old mindsets have been dismantled and the digital economy is in full swing. A new wave of computerization and digitalization has revolutionized how we live, work and play. Buildings are now equipped to adapt to changes, successfully melding physical and digital spaces to meet the lifestyle needs of its permanent and transient occupants. Rapid advances in smart building technologies have also invariably compressed the life cycle of the built environment and developers are constantly faced with challenges in sustaining asset performance with each development cycle. As urban growth and increasing demands for mobility and sustainability fuel the disruptive transformation in real estate, how can we turn this transformation into value? What are the key trends that will shape the real estate landscape in the next decade? How should we envision the building of tomorrow, today?

Speakers:

ADA WONG, Chief Executive Officer, Champion REIT
BRIAN ORAVEC, Managing Partner, IndoSpace Capital Asia
EDWARD HU, Country Manager, China, IWG
JUSTIN CHIU, Executive Director, CK Asset Holdings Limited
SANJAY DUTT, Chief Executive Officer & MD, Tata Realty & Infrastructure Ltd

2:20 pm

5th Panel – Fireside Chat with Top Corporate Real Estate Executives

Growing companies consider a range of factors in making critical location decisions, going beyond the basics of choosing a site or building. The intensifying war for talent and rising occupancy costs are raising the stakes even higher. Join CREs from global companies in an interactive ‘fireside chat’ to discuss key factors in decisions to invest and expand across Asia Pacific. Listen to develop a better understanding of location decisions from the CRE perspective.

Speakers:

ROSS MILLER, Chief Executive Office, Asia Pacific Region, CohnReznick Australia
BEN HAMLEY, Future of Work Lead, Asia Pacific, JLL
CHRIS WU, Group CFO, Chongbang Group
SUSAN SIM, Chief Executive Officer, APM China

3:00 pm

6th Panel  – What’s Next in Global Capital and Investment Strategies

Low interest rates have powered investments into global real estate markets over the past decade. However, the US economic expansion is now in its tenth year, China’s economic engine is evolving and markets have turned volatile. With the global economy decelerating n 2019, we, in all likelihood, could be venturing deeper into a maturing market cycle where valuations, already elevated, are slowing; investing conditions are turning unpredictable and as market dynamics shift and momentum fades, vulnerabilities, particularly against a backdrop of ultra-accommodative monetary policies that have defined the last 10 years, are starting to emerge. Geopolitical risks and an inverting US yields are some of the red flags that are complicating the outlook for asset markets. The implications of a shifting macroeconomic environment to slower growth are now on the minds of investors. How should global capital and investment strategies react?

Speakers:

KELVIN WONG, Principal and Managing Director, Pamfleet Group
ANDY TAN CHYE GUAN, Chairman, Tenacity Group & APREA Singapore Chapter
ALAN MIYASAKI, Sr. Managing Director & Head of Real Estate Asia Real Estate, Blackstone
BRYAN SOUTHERGILL, Managing Director, Real Estate, KKR
FRANK KHOO, Group Chief Investment Officer, City Developments Limited
MICHELLE DANCE, Fund Manager, Dexus Group
NAOKI SUZUKI, Deputy President, Mitsubishi Corp.-UBS Realty Inc.

3:50 pm

Afternoon Tea Break & Networking

4:10 pm

7th Panel – Non-Core Assets Coming of Age

With yields of conventional real estate continually crushed under the weight of capital, it is not surprising to see investors’ increasing their exposure to alternative sectors. In addition to providing exceptional value and diversifying portfolios, these assets allow investors to tap into the wider demographic and real estate trends in the region. Fundamentals in the region remain positive as broad demographic shifts such as urbanization, rapidly ageing populations, rising household wealth and increasing use of technology pave the way to growth in the alternative sectors of self storage, senior living, co-living, education, data centers and student housing. There are definitely opportunities for early movers but these are not without challenges. Globally, Asia Pacific’s alternative sectors are still relatively immature and opaque compared to Europe and the U.S. Are real estate practices in the region evolving to the demand for new sectors? Will alternative assets in the region finally go mainstream?

Speakers:

ROBERTO VERSACE, Managing Director, APG Asset Management Asia
HIDEKI YANO, President & CEO, Sumisho Realty Management Co., Ltd
QIU JIANWEI, Chief Investment Officer, Taikang Health Investment Holdings
REX CAO, Vice President & GM, Global Capital Markets, Fosun Property
TERENCE TANG, Managing Director – Capital Markets & Investment Services, Colliers International

4:55 pm

8th Panel – The Asset Management Outlook: Consolidation, ESG, Tech and 2020

Solid growth potential and long-term structural dynamics have powered Asia Pacific’s real estate market over the past decade. However, as the region’s markets mature and risk premiums erode, strategies will have to shift to sustain growth in the region. The onset of late cycle dynamics will require and necessitate more active strategies in asset management, while at the same time, regulatory developments and emerging technologies will present unprecedented challenges. The implications of a shifting macroeconomic environment to slower growth are now on the minds of investors. To remain relevant, portfolios have to respond to changing market conditions, develop resilience while at the same time, making a case for alpha. How are global economic conditions and geopolitical tension defining the landscape for asset management? How should asset managers navigate shifting technologies and changing fundamentals in the region?

Speakers:

JANA SEHNALOVA, Chief Executive Officer, La Francaise Forum Securities
CHEN ZHEN, General Manager, GSUM-Titanland Capital
DAVID CHEN, Chief Executive Officer, F.O.G Capital 
RUBEN LANGBROEK, Head of Asia Pacific, GRESB
TOMIJI HASEGAWA, Executive Officer, Investor Relations Department Head, Tokyu Land Capital

5:40 pm

Closing General Session – How to Find Yield in Asia Real Estate in 2020?

Investors’ move into the region’s real estate has increasingly gained momentum in the past decade, setting in place a secular investment trend. Real estate has become an international asset class and the competition for the best assets has intensified; dry powder continues to mount. In no place is this more apparent as year after year, investment flows in the Asia Pacific remain robust by historical standards. If there is a truism in real estate investing, it would be that real estate in the region has only gotten more expensive. However, as downside risks in the global economy heighten and late cycle dynamics become the new normal, how are institutional investors shifting their strategies in the continual search for yield? Will piling into logistics continue to yield outsize returns or should investors raise exposure to Asia’s emerging markets? Listen to the industry’s top decision makers to preview how institutional investors will angle themselves for the best deals in 2020.

Speakers:

MICHAEL COLE, Founder and Managing Director, Mingtiandi
JIMMY PHUA, Managing Director, Head of Real Estate Investments Asia, CPPIB Asia Inc.
STUART MERCIER, Managing Director, Head of China (BAM), Head of Real Estate (Asia), Brookfield

6:15 pm

Wrap-up and Acknowledgment

LIJIAN CHEN, Chief Executive Officer, COS Capital

7:30 pm

Gala Awards Dinner 

*Dress code: National Costume or Black Tie