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During the Finance and Operations Seminar 2020 we were joined by Bo Holse Rasmussen, NREP, Markus Gaebel, Swiss Life Asset Managers, Andrew Muscat, LaSalle Global Partner Solutions and Renaud Breyer, EY. 

Cinzia Alcidi, Head of Economic Policy Unit, CEPS discuss the economic outlook and the tax policy implications of the COVID-19 crisis, and Richard van der Linden, PwC presents a closer look at recent tax developments in Europe including ATAD II’s hybrid mismatch, DAC 6, use and management of tax havens, and more.

Industry experts discussed the importance and drivers of impact investing, looked at how to measure and report and identify the key challenges faced when looking for suitable impact products. 

Between 28 and 29 September 2020, we held the Annual Conference in a hybrid online setting from the #INREV Live Online Studio. 620 members logged into the online platform from locations across 27 countries around the globe, to hear 15 speakers across 10 sessions discuss topics related to the overarching theme of, ‘Business Interrupted: Building Resilience for the new norm’.

The non-listed real estate community gathered together for two days of insights, discussion and dialogue touching on topics such as ESG, Sustainable Finance, Geopolitics, mega-trends impacting the sector as well as more specific sub themes such as the office of tomorrow and the opportunities in the beds sector. 

If you missed a session, you can take a look at the presentation slides and session recordings below. Find something interesting? Share with your colleagues. Something else you’d like to hear about? Tell us 

Programme

During the Insights into Operational Real Estate Seminar, we were joined by Mikkel Bülow-Lehsby, NREP, Jay Kwan, QuadReal, Boudewijn Ruitenburg, EDGE and Brenna O’Roarty, RHL Strategic Solutions.

The real estate investment industry will inevitably be impacted by the effects of COVID-19 but some sectors will be hit harder than others. Retail and hotel have been among the first victims of this crisis, with declining rents and lower occupancy rates. The office sector has been relatively unscathed compared to others but what’s going to happen in the long term? Last but not least logistics, online demand is fuelling the growth of e-commerce and logistics, which opportunities will this sector bring to real estate investors?

Which sectors will survive or reinvent themselves and which ones require structural changes in the new world we find ourselves in? Or, is COVID-19 simply a catalyst, accelerating the sector trends that we were already there or expected to be there soon.

On Thursday 2 July at 11:00 CET, we were joined in the INREV Live Online studio by four sector experts who gave their views on the European real estate outlook and sectors.

Henri Vuong, INREV presents the impacts on fund performance from the start of the pandemic using the INREV indices. Andreas Wuermeling, Deutsche Pfandbriefbank, joined us online in the studio to present the possibilities in loan restructuring during these uncertain times, and Simon Mallinson, Real Capital Analytics presents today’s investment deals landscape in light of COVID-19. The panel of speakers come together at the end to collectively discuss the overall market impact.

During the seminar, we are casting an eye over the latest global outlook and present the macro economic update as well as looking at the overall impact of the crisis upon our industry. We are delighted to welcome Global Head of Strategy and Research and Global Chief Economist, Sabina Kalyan, CBRE Global Investors, Jose Pellicer, Head of Investment Strategy and Research, M&G Real Estate and Richard van der Linden, PwC to the online seminar.

During the briefing, Constantin Sorlescu, INREV together with Thomas Kallenbrunnen, PGIM Real Estate, Nick Brown, M&G Real Estate, John Ravoisin, PwC and Robert White, EY discuss:

• Liquidity requirements and secondary markets
• Terms and rights of redemptions
• Transparency and disclosures regarding pricing policy

Constantin Sorlescu, INREV will be joined by John Ravoisin, PwC and Renaud Breyer, EY provide guidance and considerations that may be appropriate for investment managers when reporting to investors in these uncertain times. Also read a short paper filled with reporting considerations related to COVID-19 and which are based on the INREV Guidelines.