Past Conference

ULI Paris Conference:  Unlocking Europe for Growth

11th Annual ULI Europe Conference
7 February 2007
The Westin Paris
Paris, France

This was ULI07 Conference—in Pictures

Attendee List

List of Attendees (PDF)

Brochure Information (PDF)

ULI Europe 2007 Programme Sponsors

Handouts/Presentations

Shared Destiny, Global Corporations and the Future of Cities - J Schmidt, Siemens (PPT)

Shared Destiny, Global Corporations and the Future of Cities, D Cocquet, Euro Disney (PPT)

Shared Destiny, Global Corporations and the Future of Cities, D Cocquet, Euro Disney #2 (PPT)

Sceptics and Believers - Duelling Economists - Peter Hobbs, RREEF (PPT)

Sceptics and Believers - Duelling Economists - Van Stults, Orion (PPT)

Sceptics and Believers Duelling Economists - Sabina Kalyan, IPD (PPT)

Where Market Value Meets Sustainability - Angus McIntosh, King Sturge (PPT)

Fresh Thinking in Policy, Tomorrow's Leaders Shaping Cities Today - T Davies, Edinburgh (PPT)

What's Wrong with REITs - Prof Segel, Harvard (PPT)

Globalisation, the European Approach - Will Hutton (PPT)

Emerging Trends - Steve Blank, ULI (PPT)

As the global spotlight shines on China and India, is Europe being left in the shadows? Judging by the investment and development in European cities over the past decade, Europe is still a formidable competitor. However, the old world will have to be more resourceful to compete for growth. For the property industry this means connecting with new clients such as major private corporations, unlocking product and income held in public hands and looking for inspiration from European Mayors and leaders to ensure our cities remain competitive.

Greg Clark, Chairman of OECD Forum of Cities and Regions and Adviser on City and Regional Development, UK Government, will guide conference participants through this fast-paced and substantive one-day programme.  Politicians, industry leaders, and the audience alike will be targeted to share in the debate.

What You Will Learn

• How Europe can retain its position and use its skills to exploit new markets.
• Emerging global trends affecting the property market in Europe.
• Views of current and prospective European leaders providing insight in to policy that will shape future markets.
• How to connect with new business partners, such as major global corporations.
• Key economic and market fundamentals determining the views of international investors.
• How to navigate and network European property development, investment and capital markets.

Who Should Attend

Property professionals and service providers including developers; owners; architects; designers; public sector officials; consultants; international development funds; institutions; financiers and lenders seeking greater insights into opportunities throughout Europe.

Conference Chair

John Carrafiell, Managing Director, Morgan Stanley and Co-Head, Morgan Stanley Real Estate, London, United Kingdom

Carrafiell is a managing director of Morgan Stanley and global co-head of Morgan Stanley Real Estate.  He joined the firm’s New York office in 1987, moved to the London office in 1989, and as director of acquisitions (Europe) initiated the Morgan Stanley Real Estate Funds’ (MSREF) European investment program in 1994.  Carrafiell became head of Morgan Stanley’s European Real Estate Group in 1995 and, since 1999, has been a managing director of the firm and a member of the European Investment Banking Division Operating Committee. In 2005, he became global co-head of Morgan Stanley Real Estate, encompassing principal investing (via MSREF and other discretionary Funds), and investment banking (advisory, capital raising, acquisition finance and lending/securitisation via the Securitised Products Group). He is also a member of the Global Investment Banking Division’s Operating Committee (DSR).

Conference Moderator

Greg Clark, Chair, OECD Forum of Cities and Regions and Adviser, City and Regional Development, UK Government

Clark is a city and regional development advisor, speaker, and facilitator, with 20 years experience, principally in leadership roles in city agencies in London, UK, and advisory roles with many cities/regions, Governmental and inter-Governmental organisations, internationally. He currently holds a portfolio of core roles; including Advisor on City and Regional Development at the Department for Communities and Local Government, UK, Global Practice Advisor at the London Development Agency, and advisor to the OECD on City and Regional Development.

Keynote Speakers

Deputy John Bruton, Former Prime Minister of Ireland, Former President of the European Council, Dublin, Ireland

Bruton is a former Prime Minister of Ireland and a former President of the European Council.  As Prime Minister, he presided over the Irish Presidency of the European Union, during which time his Government held the Chair of all E.U. Ministerial meetings. At the Dublin E.U. Summit, he helped finalise the Growth and Stability Pact which governs the management of the single European Currency—the Euro. During this period, he also represented the European Union as President of the Council at Summit meetings with the President of the United States, the Prime Minister of Canada, the Prime Minister of Japan, the Prime Minister of Korea, the Prime Minister of China, the Prime Minister of Israel, and Chairman Arafat of the Palestinian Authority. John Bruton was elected Taoiseach, (Prime Minister) of Ireland in December 1994. As Prime Minister, he was responsible for the introduction of the Corporate Tax policy which underlies Ireland's current economic success. He was also deeply involved in the Irish peace process. In February 2002, John Bruton was elected to the Praesidium of the Convention on the Future of Europe. The goal of the Convention is to boost efficiency, transparency and democracy in Europe and to address the question of integrating thirteen further economies in the European Union.

Pen Hadow, Polar Explorer, Speaker, Broadcaster, Author

Hailed by the international media as one of the world's most accomplished polar explorers, Hadow's own view continues to be that he's the most normal person he's ever met! Ten years ago, he pioneered a specialist guide service in the Arctic and Antarctic, enabling 'allegedly ordinary' people from all walks of life—men and women, young and old, novices and disabled, housewives, corporate executives and special forces—to visit these desolate, yet captivating, wilderness environments. He personally selected and prepared the expedition teams, most of whom he led himself 'on the ice'.

The stories behind his entrepeneurial, 'impossible' missions will have you riveted—but what Hadow's really passionate about is providing his audiences with some fresh insights into enhancing their own performances.

Hadow is an author, too. His emotive new autobiography 'SOLO' was one of Penguin's leading Christmas titles, and was voted 'Book of the Week' by The Sunday Times. His next book is in the pipeline.

And - another new route for Hadow - he's recently been credited by the Radio Times as a 'dynamic new talent in broadcasting' following his performance as the presenter of a series about the work of Jules Verne. This role was sparked off by Pen's interview on BBC Radio 4's celebrated ‘Desert Island Discs'.

Will Hutton, Chief Executive, Industrial Society & former Editor, the Observer

Formerly editor of the Observer, Hutton is chief executive of the Industrial Society. From 1990 to 1996, he had been economics editor of the Guardian. A former stockbroker, Hutton spent ten years with the BBC and from 1983 to 1988 was economics correspondent for BBC 2's 'Newsnight'.  He was nominated Political Journalist of the Year by Granada TV's 'What the Papers Say' for his coverage of the 1992 ERM crisis. His book on Keynesian economics, The Revolution That Never Was, was published in 1986. Hutton is a member of the governing council of the Policy Studies Institute, the Institute for Political Economy and Charter 88. He is on the editorial board of New Economy and is a governor of the London School of Economics. In 1995, he published his second major book, The State We're In, which has meteorically risen to being the No 1 business best seller. It has been recognised as an outstanding book and gives a remarkable insight into our national institutions and questions their suitability to lead Britain into the next millennium.

Programme

Pre-conference Events
Tuesday 6 February 2006

12.00-18.00
2007 Winter Council Day

14.00-18.30
Young Leaders Event
Special programme for ULI Young Leader Members and guests under the age of 35.  Click here to download a pdf of the event programme.

18.30-19.30
Young Leaders Reception

18.30-20.00
Council and Leadership Reception (by invitation only)

20.00-22.30
ULI Europe Steering Committee and Trustees Dinner (by invitation only)

Wednesday 7 February 2007

07.30-09.00
ULI Europe Women in Real Estate Breakfast

07.30-09.00
New member orientation breakfast

08.00-09.00
Committee meetings (policy & practice; membership, programme committees)

Full Conference Programme:

09.00-09.30

Conference Welcome and Introduction

09.30-10.30      

Keynote Session
Unlocking Europe for Growth

Featuring
Deputy John Bruton, Member, Praesidium of the Convention on the Future of Europe, former Prime Minister of Ireland & former President of the European Council

Bruton will provide an overview of European economic development in light of the enlargement of the Union and the prospects for Europe in the new world.

10.30-11.30

Plenary Session
Shared Destiny: Global Corporations & the Future of Cities

Despina Katsikakis, Chairman, DEGW, London, United Kingdom
Reinhard Kutscher, Member of Management Board of DIFA Deutsche Immobilien Fonds, Hamburg, Germany
David Lunts, Director of Policy and Partnerships, Greater London Authority, London, United Kingdom
Henri Proglio, Chairman and Chief Executive Officer, Veolia Environment, Paris, France (invited)
Johannes Schmidt, Managing Director, Siemens Financial Services, Siemens AG, Munich, Germany

Cities are both client and home to global corporations. Urban destinies are shaped by where these companies decide to locate, invest, and create jobs. These corporations have become more responsible for the backbone of cities through infrastructure and technology investment and the systems, products, and services that they sell are key to cities staying competitive. Hear from these companies about their urban strategies, their tips for the mega-cities of the future and how they can be valuable partners for the property industry

11.30-12.00

Break

12.00-13.00

Concurrent Sessions

Session 1:  Where Market Value Meets Sustainability-The Acid Test

Hank Baker, Senior Vice President, Forest City Stapleton, Denver, Colorado, USA (invited)
Andrea Carpenter, Managing Director, Centre for Regeneration and Sustainability, ULI Europe, London, United Kingdom
Angus McIntosh, Partner and Head of Research, King Sturge, London, United Kingdom
John Richards, Chief Executive, Hammerson, London, United Kingdom

Market value and sustainability will have to find common ground as responsible developing and investing becomes an increasingly important risk to manage. Hear the results of ULI’s research into sustainable development which gives guidance on how developers and investors can act smart and still profit. The session includes results from a major membership survey and gauges reaction from developers and investors.

Session 2: Sceptics & Believers: Duelling Economists

Peter Hobbs, Head of Global Real Estate and Infrastructure Research, RREEF/DB Real Estate, London, United Kingdom
Sabina Kalyan, Chief Economist, IPD and Economist, Capital Economics Ltd., London, United Kingdom

Listen as two prominent economists go head to head on a wide range of topics and opinions. They will march issue by issue through domestic and global markets, interest rates, inflation, employment, China, the future of Europe and many other key issues.

13.00-14.30

General Luncheon
Including District Council Hosted Tables

14.30-15.30

Concurrent Sessions

Session 1: Fresh Thinking in Policy: Tomorrow’s Leaders Shaping Cities Today

Pavel Bém, Mayor, Prague, Czech Republic (invited)
Mercedes Bresso, President, Piedmont Region, Italy (invited)
Michael Häupl, Mayor, Vienna, Austria (invited)
D. Alberto Ruiz-Gallardón Jiménez, Mayor, Madrid, Spain (invited)

Hear what excites the next generation of political leadership about cities and why their priorities now will be important on a national level tomorrow.

Session 2: Capital markets transformed: Redefining European Real Estate?

Edmund Craston, European Head Of Real Estate Investment Banking, Lehman Brothers, London, United Kingdom
Stanislas Dwernicki, Managing Partner, Gide Loyrette Nouel, Paris, France
Ian Hawksworth, Managing Director, Capital & Counties and Executive Director, Liberty International, London, UK
Arthur Segel, Professor of Management Practice, Finance Department, Harvard Business School, Boston, Massachusetts, USA

Arthur Segel,one of the world’s foremost property finance experts from Harvard University, leads a provocative and interactive group debate on how the globalisation of capital markets are reshaping real estate investment and finance. Is property rising to the occasion as institutions increase their allocations and place more faith in the sector? How is the asset class performing compared with equity and bonds and does it yet have a firm place in a global portfolio?

15.30-16.00

Break

16.00-17.00

Keynote Session
Globalisation – the European Approach

Featuring
Will Hutton, Chief Executive, Industrial Society & former Editor, the Observer

Drawing on his experiences as chief executive of the Work Foundation and former editor in chief of the Observer newspaper, Hutton will analyse Europe’s future from an economic and political standpoint. He will argue that Europe offers a better ‘scope within globalisation for different cultures and approaches to capitalism to flourish’ and share his insights in to the potential impact of new global economies, such as China.

17.00-18.00

Closing Plenary Session
The Old Continent in the New World

with presentation of ULI/PwC’s latest Emerging Trends research for Europe, Asia, and the United States

Joseph Azrack, President/Chief Executive Officer, Citigroup, New York, New York, USA
Steve Blank, ULI Senior Resident Fellow, ULI-the Urban Land Institute, Washington, D.C., USA
John Carrafiell, Managing Director, Morgan Stanley and Co-head Morgan Stanley Real Estate, London, United Kingdom
Bernd Knobloch, Chief Executive Officer of the Board of Managing Directors, Eurohypo, Eschborn, Germany
Henrik Steinbrecher, Partner, Ohrlings PricewaterhouseCoopers AB
Shuji Tomikawa, Managing Director, Mitsui Fudosan Investment Advisors, Tokyo, Japan 

How is Europe faring in the global battle for investment capital?  We unveil the investment trends for Europe, Asia, and the United States in the ULI/PwC’s latest Emerging Trends research and hear from global investors about their strategies to play the global investment markets.  Do Europe’s prospects match up to the rest of the world? And what parts of Europeare ripe for real estate investment and development?

17.30-18.30

Networking Reception

ULI Europe Leadership
ULI Europe Chair Jan A. de Kreij Chief Executive Officer Corio NV Utrecht, the Netherlands	ULI Europe President William P. Kistler London, United Kingdom
ULI Europe Trustees
Willi Alda Gerlingen, Germany	Andrea Amadesi Managing Director IXIS AEW Italia SpA Milan, Italy	John A. Carrafiell Managing Director, Morgan Stanley and Global Co-Head Morgan Stanley Real Estate London, United Kingdom	Jan A. de Kreij Chief Executive Officer Corio NV Utrecht, the Netherlands
Reinhard Kutscher Member of the Board of Directors DIFA Deutsche Immobilien Fonds AG Hamburg, Germany	Sir Stuart Lipton Chairman Chelsfield London, United Kingdom	Santiago Mercade Chief Executive Officer Layetana Real Estate Barcelona, Spain	Jeremy Newsum Group Chief Executive Grosvenor London, United Kingdom
Alexander Otto Chief Executive Officer ECE Projektmanagement G.m.b.H. & Co. KG Munich, Germany	Gerald N. Parkes Managing Director Lehman Brothers Europe Ltd London, United Kingdom	Michael Spies Senior Managing Director Tishman Speyer Properties London, United Kingdom
ULI Europe Executive Committee
Vice Chair - Awards Andrea Amadesi Managing Director IXIS AEW Italia SpA Milan, Italy	Vice Chair - Finance Karsten von Köller Chairman Lonestar Europe Limited Frankfurt, Germany	Vice Chair - Membership Paul Vismans Chief Executive Officer Kantoren Fonds Nederland Utrecht, the Netherlands	Vice Chair - Policy & Practice Gerald Parkes Managing Director Lehman Brothers International London, United Kingdom
Vice Chair - Programmes Simon H.T. Clark Partner Linklaters London, United Kingdom	Vice Chair - Sponsorship John A. Carrafiell Managing Director, Morgan Stanley and Global Co-Head Morgan Stanley Real Estate London, United Kingdom	Vice Chair - At Large Sir Stuart Lipton Chairman Chelsfield London, United Kingdom
ULI Europe District Council Chairs
Belgium Sophie Le Clercq President JCX Gestion Brussels, Belgium	France Antoine de Broglie President STAM Europe Paris, France	Germany Alexander Otto Chief Executive Officer ECE Projektmanagement G.m.b.H. & Co. KG Hamburg, Germany	Italy / Milan Luca de Ambrosis Ortigara II Partner Realty Partners Milan, Itlay
Italy / Rome Riccardo Delli Santi Managing Partner Delli Santi & Partners Rome, Italy	The Netherlands Paul Vismans Chief Executive Officer Kantoren Fonds Nederland Utrecht, the Netherlands	Sweden Max Barclay Managing Director NewSec International Stockholm, Sweden	Portugal Gilberto Jordan Managing Director Planbelas SA Lisbon, Portugal
Russia Anna Shiryaeva General Director AM-2The Shop for Shops Moscow, Russia	Spain / Barcelona Jordi Moix Latas Director General de Catalunya Reyal Grupo Barcelona, Spain	Spain / Madrid Carlos Lamela Executive President Estudio Lamela Madrid, Spain	Spain / Valencia Ignacio Jimenez de Laiglesia Director Jimenez de Laiglesia Valencia, Spain
Turkey Hakan Kodal President Krea Real Estate Istanbul, Turkey	United Kingdom / Birmingham Martin Field Managing Director The Urban Consortium Ltd. Birmingham, United Kingdom	United Kingdom / London Jonathan Short Chief Executive, Europe Global Merchant Banking Pramerica Real Estate Investors Limited London, United Kingdom
Product Council Chairs
Urban Renewal Timothy Cyr Directeur General Adjoint Groupe France Terre Paris, France	Retail & Entertainment Scott Malkin Chairman Value Retail London, United Kingdom	Resort Development Muriel Muirden Managing Director Economic Research Associates London, United Kingdom	Gilberto Jordan Managing Director Planbelas SA, Lisbon, Portugal
Office & Mixed Use Hans van Tartwijk Partner Trimp & van Tartwijk Ijsselstein, the Netherlands	Sustainable Development Mark Weintraub Principal Weintraub Associates London, United Kingdom