@ULICapitalTalks is a new webinar delivering a unique offering of timely, relevant research in the form of 3 reports which offer crucial insights into real estate in the region. Delivered over 2 early morning sessions on 23-24 November, the format allow for more opportunities to engage with industry experts and peers during these live sessions.
DAY 1 | 23 November 2021 | 8:30AM - 10:30AM HKT
Where will the economy and real estate be by the end of 2021, 2022, and 2023?
The ULI Asia Pacific Economic Forecast, is a biannual research which focuses on the key economic and real estate indicators for Hong Kong, Shanghai, Singapore and Tokyo.
How have the forecasts changed from six months earlier, and what signals are the experts watching for in real estate as they gauge recovery and risks? Hear the exclusive, lively debate between leading real estate economists and analysts who participated in the survey as they explain their opinions.
• Roddy Allan, Chief Research Officer, Asia Pacific, JLL
• Milan Khatri, Head of Research, Phoenix Property Investors
• Louis Kuijs, Head of Asia Economics, Oxford Economics
• Glyn Nelson, Director and Head of Research and Strategy, AEW
LIFE SCIENCES REPORT
Understanding the Life Sciences Sector in Asia Pacific – the Case for Investment is a brand new research initiative that demystifies an emerging asset class of life science real estate.
Life sciences is predicted to see further growth in the region as the real estate industry as a distinct investment sector. This research report will provide a comprehensive understanding of the Asia Pacific life sciences industry, including the drivers for successful locations, space requirements by companies, investment risk/return characteristics, as well as future challenges and opportunities in the sector.
You will also find examples of best practice case studies from across Asia Pacific and beyond.
• Adam Evennett, Regional Director, Savills Hong Kong
• Laurent Jacquemin, Head of APAC Real Assets, AXA IM Real Assets
• Mandy Lan, Special Counsel, Baker McKenzie
• Sean McMahon, Chief Investment Officer, Charter Hall
Sponsored by: Charter Hall | Nuveen | AXA | Savills | IGIS Asset Management | Baker McKenzie
DAY 2 | 24 November 2021 | 8:30AM - 10:30AM HKT
EMERGING TRENDS IN REAL ESTATE® ASIA PACIFIC 2022
Join us as we present the results of the Emerging Trends in Real Estate® Asia Pacific 2022 report, in partnership with PwC.
This will be followed by a panel discussion on the questions raised within this year's report with real estate industry leaders from across the region who have contributed to the research.
After almost two years of managing through a pandemic, how does the real estate industry see the shorter and longer term prospects of the sector in Asia Pacific?
What are the biggest opportunities and challenges? How to transform businesses to deal with pressing, accelerated challenges such as ESG, changing consumer demand, and digitalisation?
08:30 - 08:40 - 10 trends in 10 minutes presentation
08:40 - 09:15 - The Macro
09:15 - 09:50 - The Micro
09:50 - 10:25 - The Software
10:25 - 10:30 - Closing remarks
• Brian Chinappi, Head of Real Estate, Actis
• Christine Li, Head of Research APAC, Knight Frank
• Alfredo Lobo, Partner, Hodes Weill & Associates
• Uten Lohachitpitaks, Chief Investment Officer, Frasers Property
• Alfredo Lobo, Partner, Hodes Weill & Associates
• Uten Lohachitpitaks, Chief Investment Officer, Frasers Property
• Nat Miller, Senior Vice President, Quadreal
• Philippe Obry, Chief Innovation Officer, Aden Group
• Joel Rothstein, Chair, Greenberg Traurig, LLP
• Peter Ryder, CEO, Indochina Capital
• Philippe Obry, Chief Innovation Officer, Aden Group
• Joel Rothstein, Chair, Greenberg Traurig, LLP
• Peter Ryder, CEO, Indochina Capital
• Richard Yue, CEO, ARCH Capital
More speakers to be announced! Join us for the launch of the reports, where a regional panel of thought leaders will discuss the report's key findings, exchange insights and own personal perspectives.
Stay tuned for further updates and initiatives to @ULICapitalTalks, such as in-person events, in your area.
As Head of Asia Economics, based in Hong Kong, Louis leads the firm’s macroeconomic research and forecasting for Asia, oversees the team of economists across the region and serves clients globally. Before joining Oxford Economics in 2015, Louis held senior positions in both the public and private sectors, including at the International Monetary Fund (IMF) in Washington DC, the World Bank in Beijing and at the Royal Bank of Scotland in Hong Kong. While with the World Bank, he led the well-regarded China Quarterly Update, headed the Bank’s mid-term review of China’s 11th Five Year Plan and led research on China’s saving and investment, rebalancing, and long-term growth and structural change. Mr. Kuijs is a well-known observer of the Chinese economy and contributes regularly to the international media.
Jean is a certified BIM Manager by the Building and Construction Authority (BCA) of Singapore. She is also an experienced litigator with extensive construction arbitration and commercial litigation experience from her years with Villaraza Cruz Marcelo and Angangco Law Offices and MOSVELDTT Law Offices. She is also a trained arbitrator of the Philippine Dispute and Resolution Center (PDRCI). She worked with Bloomberg TV Philippines as a business news anchor for “First Up”, which included segments focusing on the real estate industry. She was also a consultant of the Privatization and Management Office of the Philippine Government where she advised on conflict of claims, privatization, joint venture agreements, negotiated procurement and public bidding of government assets. Jean was an Oblation Scholar at the University of the Philippines, Diliman, where she graduated magna cum laude from the Political Science Program. She received her law degree from the same university in 2006, finishing fifth in her class. She passed the Bar for the following year. She joined Villaraza Cruz Marcelo and Angangco as a litigation associate in 2007 where she was consistently awarded Best Associate and was promoted in 2010 to Senior Associate. Thereafter, she became a consultant of the Privatization and Management Office of the Philippine Government. She is presently undergoing the Senior Executive Institute (SEI) Program of the American Council of Engineering Companies (ACEC) in the United States.
Roddy Allan joined Jones Lang LaSalle Asia Pacific Research in 2007. He provides leadership and direction to over 170 researchers in Asia Pacific. In his role, Roddy also looks after JLL’s Asia Pacific commercial research offering, the Real Estate Intelligence Service (REIS). REIS is the market leading commercial real estate research platform in Asia Pacific, providing data, reporting and forecasting on the four main property sectors of office, retail, residential and industrial across more than fifty cities regionally. REIS provides clients with a number of outputs including: Historical data for all key property market indicators Forecasts Detailed market reports Regular market update presentations In his role, Roddy works directly with major direct and indirect regional investors across the region assisting them with their key research needs to support their investment strategies and market reporting. In addition to this, Roddy also focuses heavily on JLL’s Asia Pacific research consulting, data methodology and reporting. Roddy has advised on capital allocation in excess of USD 8 billion over the last 24 months. He has also led key asset disposal advisory and authored strategic fundraising material for third party investors.
Mandy Lan is a special counsel with Baker & McKenzie's Hong Kong office and a member of the Firm’s real estate group. Her legal practice focuses on commercial real estate leasing matters around Asia Pacific as well as transactional and advisory matters relating to real estate and hotel projects in Hong Kong and the PRC. Ms. Lan is experienced representing multinational corporate users and major foreign investors in a broad range of real estate transactions including sale and lease-back, built to suit leases, anchor office and retail tenancy, general commercial leasing and hyperscale leases and colocation transactions, cross-border mergers and acquisitions, joint ventures and asset/project management, across a variety of asset classes such as office, retail, mixed-use, logistics/industrial/warehouse, hotels, branded residence and data centres, predominantly in China and Hong Kong.
With an Engineering Master Degree, Philippe began his career in 1982 in the CASO company (Engineering Services Company for Aerospace & Automotive sectors) in Toulouse. He held successively the positions of Technical Director for a subsidiary specialized in the technical documentation and aircraft decoration, R&D Director, finally Chief Information & Training Officer. He founded, in 1996, the Company FORMED I A Engineering, in Toulouse (France), offering PLM (Product Lifecycle Management) Consulting, Services and Training for industrial companies in Europe. He joined the AKKA Technologies Group in 2004 as Executive Vice President-Chief Innovation Officer (CIO). He is at the origin of the creation of AKKA Institute (2007), Internal Institute offering management & technical training, as well as the Internal R&D center, AKKA Research (2009), which federates projects and highly innovative initiatives in the areas of mobility to meet societal challenges. From 2016 to 2020, he held the position of Chief Engineer-Director Business Innovation at Dassault Systèmes China in Shanghai. Philippe joined Aden Group Shanghai in 2021 and held the position of Chief Innovation Officer (CIO).
Joel H. Rothstein is an international real estate and structured finance lawyer and Chair of the Asia Real Estate Practice of the global law firm of Greenberg Traurig LLP. He advises investment banks, financial institutions, private equity funds, sovereign wealth funds, real estate developers, and investors across all major Asia markets with a focus on Japan, Greater China, and South Korea. He also leads the firm’s practice in advising Asia-based outbound cross-border investors in structuring, implementing, and managing equity and debt investments into the United States, Europe, Latin America, and the Middle East. With more than twenty years’ experience living and working in Asia, Joel has structured, documented, and implemented a number landmark transactions and investment programs in the region, including the first rating agency rated commercial mortgaged-backed securities transaction in Japan, the first non-performing loan securitization transactions completed in Japan and in South Korea, the first comingled USD/RMB real estate fund sponsored by a Chinese financial institution and the first international style non-recourse real estate loans by financial institutions in both Japan and China. A New York native currently residing in Tokyo and Shanghai, in addition to practicing law, Joel is also an architect and urban designer whose work prior to becoming an attorney included numerous architecture and urban design projects around the world, from Cartagena, Colombia, South America to New York City. Joel frequently writes and lectures on real estate law and finance as we all as on urban design and development. Joel has been a guest lecturer at Harvard University, Georgetown University and Peking University, and an adjunct professor in the real estate program at Tsinghua University in Beijing, China.
Laurent has over 22 years of experience in the real estate industry. In January 2018 he was appointed Head of Asia-Pacific, in charge of all the operations (investments and capital raising) for AXA IM Real Assets in the region, based in Tokyo. Laurent is a member of the AXA IM Real Assets' Management Board. Until the end of 2017, Laurent was European Head of Transactions, coordinating and executing deals for AXA IM Real Assets' clients across Europe. Prior to that Laurent was Global Head of Corporate Finance; his responsibilities included new product structuring, property finance and managing complex transactions. Between 2006 and 2010 he was Head of Corporate Finance UK based in London. Laurent joined AXA IM Real Assets in 2001 as Corporate Finance Manager in Paris. He started his career at Ernst & Young working both in Paris and Brussels. Laurent graduated with a French Business School degree.
Adam has over 18 years real estate experience covering corporate facilities management, tenant rep and project management. Adam holds a Bachelor of Laws with first class honours and, following admission to the NSW Supreme Court as a Legal Practitioner, commenced his real estate career with JLL working on the ANZ facilities management account. In 2005 Adam left JLL to take up a role with Sodexho on their Westpac facilities account as their Queensland Client Relationship Manager and Senior Facilities Manager. In 2008 Adam changed roles joining a national Australian independent project management group which was subsequently acquired by the Savills group of companies. Prior to joining the Savills Cross Border Tenant Advisory team, Adam headed up Savills' Project Management Services business in mainland China and was based in Shanghai for 5 years. Adam possesses exceptional problem solving, negotiation and multi-discipline liaison skills. For much of his career, Adam has worked imbedded within corporate client offices and recognises the importance of understanding and anticipating client needs and delivering on expectations. Key strengths include clear and effective written and verbal communication skills and a thorough understanding of the strategic property requirements of corporate occupiers. Adam has extensive experience at senior management level on regional scale building facilities management contracts and is a well rounded property professional capable of bringing a holistic approach to delivering on unique client real estate requirements. Adam is a qualified Legal Practitioner and accredited Green Star Professional with the Green Building Council of Australia (GBCA) and in his role has responsibility for process control, service standards, quality oversight and coordination of Cross Border Tenant Advisory team deliverables across the Asia Pacific region.
Nat Miller joined QuadReal in 2016 and is based in Hong Kong focusing on the firm's Asia Pacific portfolio. He was formerly with IMT Capital, a multifamily fund manager based in Los Angeles, where he was responsible for underwriting, financial analysis, and fundraising across four funds totalling $1.8 billion in committed capital. Previously, he held positions at J.P. Morgan as a credit analyst and as a relationship manager in the firm’s asset management business. Nat started his career with Colliers International in China, focusing on industrial investment sales. Nat holds a BA from the College of William & Mary and an MA from the Johns Hopkins School of Advanced International Studies.
Christine is the Head of Research, APAC at Knight Frank. She has over 17 years of industry experience, helping to shape the long-term business strategy by developing and implementing research initiatives that feed into the research centre of excellence for potential broader application. She curates and co-ordinates regional forecasts and market outlook for clients across the office, industrial and residential sectors as well as specialist asset classes such as student accommodation, multi-family and data centres. Prior to joining Knight Frank, Christine was the Head of Business Development Services for Southeast Asia, overseeing both the research and marketing resources. She was responsible for managing and delivering real estate and economic research and strategic analysis, with the view of providing research-based perspectives to commercial leasing and investment processes. Her insight and in-depth knowledge of real estate market is also well sought-after by both the local and international media. She has a Bachelor of Science degree in Engineering from Cornell University (US) and a Master of Arts degree in Media and Communications from University of London (UK). She is an honorary advisor to the Real Estate Developers’ Association of Singapore’s consultancy subgroup.
Ariel Shtarkman is the Founder of Orca Capital, boutique investment practice focused on real estate and real estate technology (proptech). She is also the co-Founder and Managing Director of Atom Assets, a real estate investment platform for family offices. Previously, Ariel was with Citibank Real Estate Structured Finance in Hong Kong, where she structured debt instruments for real estate developers, REITs and private equity funds. Before joining Citibank, she worked in real estate private equity funds sponsored by ING Clarion in New York (covering US) and ING Real Estate Investment Management in Hong Kong (covering Asia). Ariel holds an MBA from Columbia Business School with concentration in Real Estate, and BSc from Tel Aviv University with double major in Computer Science and Business Administration. She serves as Senior Content Advisor for ULI Asia Pacific, is a member of the ULI North Asia Executive Committee, and a founding member of Columbia Business School Alumni Network of Hong Kong. Ariel is fluent in English, Hebrew and Russian, and conversant in Spanish and Mandarin Chinese. Her other interests include martial arts, travel, integration of technology and real estate and the future of education.
Responsible for the Group’s investment and capital markets transactions, Uten manages and monitors the Group’s portfolio of assets, devises strategies for acquisitions and divestments and works closely with investment partners. As part of the leadership team, Uten also leads the Group’s investment in PropTech companies and co-leads the Group’s innovation governing committee. In addition, he provides leadership for the Indochina markets, namely Thailand and Vietnam. Prior to joining the Group on 1 October 2013, Uten held various positions as Managing Director of Strategic Advisory at DBS Bank, Director of Investment Banking Division at United Overseas Bank (Thai) Public Company, and Senior Vice President of Corporate & Investment Banking Group at DBS Bank. Uten graduated with a Master of Business Administration and Bachelor of Business Administration from Assumption University, Thailand.
Richard Yue co-founded ARCH Capital in 2006 and has over 25 years of experience in the Asian real estate industry. Richard’s experience includes investing over US$6.0 billion of equity around Asia across core, core-plus, value-add, and opportunistic strategies. Experience spans real estate investment, property development, project management, banking and capital markets, corporate finance/M&A, and regional REIT structuring and securitizations. Richard was a former Director of Investments at AIG Global Real Estate and prior to that Director at Citigroup Real Estate and Capital Markets. Richard received his MBA and Bachelor’s Degrees in Structural Engineering from the University of British Columbia, Canada. Richard is a member of the Investment Committee, Boards of ARCH Capital and the General Partner, and the Compliance & Audit Committee.
Alfredo Lobo is a Partner at Hodes Weill & Associates and responsible for the firm’s business in Asia Pacific. Hodes Weill is a leading global capital advisory firm focused on the real estate and real assets investment and funds management industry. The firm’s activities encompass capital raising for global real estate strategies, platforms and private real estate funds, as well as strategic advisory for institutional investors and fund managers. Hodes Weill is headquartered in New York and has offices in Hong Kong, London and Denver. Prior to Hodes Weill, Alfredo was a Managing Director of Hamon Investment Group in Hong Kong. Alfredo began his career with JP Morgan in Hong Kong and later relocated to the bank’s Real Estate Group in New York, where he led private placement activities and chaired the bank’s real estate credit committee.
Brian has been working in the growth markets of Asia for over two decades.He joined Actis in 2018 through the sale of Standard Chartered Bank’s Principal Finance Real Estate group, a business he founded in 2010.Under his leadership, this business invested over USD 1 billion in opportunistic real estate throughout China, Korea, India and Southeast Asia.The business was successful in forming over 20 joint venture partnerships with high quality partners throughout its markets. Before joining Standard Chartered Bank, Brian spent sixteen years at RREEF, the real estate investment management arm of Deutsche Bank, almost all of the time based in Asia. Brian started his career with Bankers Trust’s real estate banking group based in New York.He holds a degree in economics from Georgetown University. Brian manages Actis’ real estate investing in Asia, including an opportunistic real estate fund and related specialmanaged accounts.
Peter Ryder is the CEO of Indochina Capital, an innovative leader in Vietnam’s rapidly growing real estate, hospitality, capital markets and financial services sectors. Through its subsidiaries, Indochina Capital has established itself as one of the country’s leading real estate developers (ICC-Kajima), hospitality pioneers (Wink Hotels), real estate investment consultants (Indochina Strategic), and capital markets investment managers (Indochina Capital Advisors). Peter spearheads the company’s real estate development activities but also plays an active management role in the other aspects of the company’s business. Indochina Capital has developed prominent commercial and residential projects in Hanoi and HCM City, including 63 Ly Thai To (Hanoi), Indochina Plaza Hanoi and River Garden (HCM City) and several resort and residential developments along Vietnam’s pristine coast, most notably the renowned luxury resorts, Four Seasons The Nam Hai, Six Senses Con Dao, and Hyatt Regency Danang Resort and Spa. Today Indochina Capital is pursuing multiple new real estate development and investment opportunities through ICC-Kajima, its Vietnam focused partnership with Kajima Corporation, one of Japan’s largest and most prestigious contractors and real estate developers. On the hospitality front, Indochina Capital has teamed up with Vanguard Hotels and Kajima to create Indochina Vanguard and through ICC-Kajima as developer-owner roll out throughout Vietnam Wínk Hotels, a visionary hospitality brand, which redefines affordable luxury in the Indochina region, blending modern, creative design and functionality with traditional Vietnamese values. The first of as many as 20 Wink Hotels in Vietnam/Indochina, Wink Hotel Saigon Centre, opened in March 2021 at 75 Nguyen Binh Khiem, District One. Peter has lived and worked in Vietnam for the last 30 years. Educated as an anthropologist/archaeologist, he received a Masters of Arts degree in Anthropology with a Mayan studies focus from the University of Pennsylvania.
Mr. Khatri has over 20 years of experience in real estate research, forecasting, and investment strategy. His expertise spans across commercial and residential markets. Mr. Khatri previously worked at Aberdeen Standard Investments in Singapore, supporting APAC teams in identifying real estate opportunities across the risk spectrum of core, value-add, and development strategies. Previously, he was Aberdeen's global real estate strategist in London, responsible for assessing market valuation and forecasting market trends and advising investors on portfolio allocation strategies. He started his real estate career as chief economist for the Royal Institutional of Chartered Surveyors (RICS), where he spent ten years. Mr. Khatri holds a BSc in Economics from the London School of Economics & Political Science and an MSc in Financial Economics from SOAS (University of London).
Glyn Nelson is Director and Head of Research and Strategy with responsibility for directing AEW’s research activities in the Asia Pacific region. He is a member of the AEW Asia Investment Committee, Asia Risk Management Committe and a member of the firm’s Global Securities Allocation Committee. Mr. Nelson responsibilities include monitoring, evaluating and forecasting the macroeconomic environment, demographic trends and capital market conditions across the region. Prior roles include Head of Asia Pacific Property Research for Aberdeen Asset Management and Head of the Real Estate Intelligence Service for JLL. Mr. Nelson has a B.Com from the University of Auckland and an M.S. from the University of Texas.
YU Ching Yan, Johnny, BSc, MBA, ACA, CFA, joined the Company in 2020 as the advisor to Chairman. Prior to joining the company, Mr Yu held various senior positions with UBS, Credit Suisse and Price Waterhouse in both Hong Kong and London. He brought 26 years of extensive experience covering multiple disciplines including sales and marketing, investment advisory, accounting, tax, risk management and control, with his recent focus being digital transformation, innovation and sustainability. Mr Yu graduated from The London School of Economics and Political Science, University of London with a bachelor’s degree in Management Science and attained his MBA degree in Finance with City University of London. He is a member of The Institute of Chartered Accountants in England & Wales and Chartered Financial Analyst Institute.
Sean has over 30 years of property and investment banking experience in the real estate sector and has been active in the listed, wholesale and direct capital markets. Sean is responsible for the Group’s strategy and balance sheet investments, mergers and acquisitions, the Diversified sector and capital transaction activity. Sean brings a wealth of experience across diversified investment markets, including office, industrial, residential and retail sectors, and has been responsible for driving the development of corporate strategies, investor relations, capital allocation and reinvestment programs. Prior to joining Charter Hall, Sean worked at national diversified property group Australand (now known as Frasers) as Chief Investment Officer and was previously responsible for the investment platform and development operations for all commercial, industrial and retail property. Prior to this, Sean was a senior executive at Macquarie Bank in the Property Investment Banking division primarily focused on major finance activities and creation of new property funds and strategies.
George Agethen is responsible for the investment and asset-management strategies for APAC outlined in the Ivanhoé Cambridge’s annual business and strategic plans. He works with internal and external stakeholders to put in place and consolidate strategic partnerships for major projects being developed in the Asia-Pacific region. Mr. Agethen holds bachelor’s degrees in commerce and in law and a master’s degree in commerce, specializing in finance, from University of New South Wales in Sydney, Australia. Over the course of his career, George has lived in Australia, Hong Kong, Singapore, and China.