GRI2014 ESPAÑA. Meet the key players in Spanish Real Estate Conoce a los ejecutivos más influyentes del sector inmobiliario español

Transcripción

1 The Inaugural ESPAÑA Hotel Wellington MADRID MAY Spain 2014 s Number One Real Estate Market for Global Investors? ENGLISH & SPANISH PROGRAM PROGRAMA EN INGLÉS Y ESPAÑOL Meet the key players in Spanish Real Estate Conoce a los ejecutivos más influyentes del sector inmobiliario español

2 PROGRAM HIGHLIGHTS SESIONES DESTACADAS Hotel Wellington Calle de Velázquez, 8, 28001, Madrid - Spain THE BIG PICTURE Opportunistic/High Return Investments - The view from the buy-side. How to get superior IRR s? Motivated Sellers: From distressed assets to corporate restructuring Understanding the needs of those who need to sell Bank Assets - Have bank prices adjusted enough to attract investors? SECTOR SPECIFIC ISSUES Regions: What and where to invest outside Madrid and Barcelona? Portugal. 2nd Tier Cities. Coasts and Islands Offices: The big niche - Can developers and core investors create the new product needed in CBD offices? Residential - Distressed and non-prime assets: high returns at any cost? Retail - How will the retail sector evolve amid changing shopping habits? MUTUAL ATTRACTION: FOREIGN CAPITAL AND SPANISH PARTNERS Servicing & Asset Management: How is choosing and working with partners in Spain different? Joint Ventures: Partnering international and Spanish capital How do you decide and who should you choose? Investment vehicles - REIT s, Socimi s, SII s, FAB s and real estate platforms: how to choose the right tax structure? PANORAMA GENERAL Inversiones oportunistas/con elevados retornos - Desde el punto de vista del comprador. Cómo conseguir altas Tasas Internas de Retorno? Vendedores Motivados: Desde los activos distressed a la reestucturación empresarial Cómo entender las necesidades de los vendedores? Activos de la banca - El ajuste de precios ha sido lo suficiente grande para atraer a los inversores? PRINCIPALES TEMAS POR SECTOR Regiones: Dónde y en qué invertir fuera de Madrid y Barcelona? Portugal. Ciudades secundarias. Costas e islas. Oficinas: El gran nicho - La gran escasez de producto de calidad en CBD - Oportunidad o problema? Mercado Residencial - Dónde están las oportunidades? Activos distressed altas rentabilidades, pero a qué precio? Retail - Cómo cambiarán los hábitos de consumo al sector? ATRACCIÓN MUTUA: CAPITAL EXTRANJERO & SOCIOS ESPAÑOLES Servicios y Gestión de Activos - Es España diferente? Principales retos y cómo elegir partners Joint Ventures: Capital internacional y español - Cómo elegir con quién invertir? Vehículos de Inversión - REIT, SOCIMI, SII, FAB y plataformas inmobilarias. Cómo planificar la estructuración fiscal? ALBAN MILLER MACKAY Director DEUTSCHE BANK ALFREDO LAFFITTE Head of Portfolio Sales RE Division, Director Venta Inversores BANC SABADELL, S.A. AREF H. LAHHAM Founding Partner & MD ORION CAPITAL MANAGERS CHRIS ZLATAREV Director H.I.G BAYSIDE CAPITAL DANIEL LOUREDA LÓPEZ Consejero Delegado TESTA DAVID M BRUSH Managing Partner BROOKFIELD PROPERTY GROUP

3 BIENVENIDO WELCOME Welcome to the Inaugural España GRI. Global investors are firmly focused on Spanish real estate. Spain was voted the number one country for investment at our annual GRI Chairman s Retreat in St. Moritz in January. Investor confidence has returned, transaction volume has risen and both Spanish and foreign investors are closing headline deals. How to make the most of the mutual attraction between foreign capital and Spanish real estate opportunities? How difficult is it to find partners and identify opportunities? Who are the key players? Are the risk-adjusted returns in opportunistic investing attractive? Is investor confidence over exuberant and where is the exit strategy? Find out what the key Spanish and international players think. Connect with key people and stay ahead of the field. Join us at the most senior-level real estate gathering in Spain. I look forward to seeing you at the España GRI. Bienvenido a la primera edición de España GRI. Los inversores globales tienen el punto de mira en el mercado inmobiliario español. La confianza ha vuelto y los grandes inversores, tanto españoles como extranjeros, buscan oportunidades en España. El volumen de transacciones en 2013 fue el más alto desde 2007 y 2014 podría convertirse en un año clave. España GRI 2014 reunirá a los principales líderes nacionales e internacionales del sector inmobiliario español. Durante años GRI ha acogido a los inversores españoles en nuestros eventos en París y Londres y ahora tenemos el gran placer de inaugurar el foro España GRI en Madrid. Si te importa mantener relaciones de confianza y tratar los principales temas de la actualidad inmobiliaria con la élite del mercado, GRI te ofrece la oportunidad de fortalecer el networking y estrechar lazos empresariales. Nos vemos en Madrid. Henri Alster Chairman GRI Global Real Estate Institute Brian Brosnan Director de España y América Latina GRI Global Real Estate Institute FERGUS FARRELL Principal, Asset Management AVESTUS CAPITAL PARTNERS FERNANDO OLASO Managing Partner ALTAN CAPITAL FRANK BILLAND Member of the Mgmt Board & CIO UNION INVESTMENT REAL ESTATE GMBH FRASER DENTON Acquisitions Director UK & EUROPEAN INVESTMENTS HUNT DOERING Principal BAUPOST GROUP INTERNATIONAL JAAP TONCKENS Member of the Management Board, Chief Financial Officer UNIBAIL - RODAMCO

4 OVERVIEW SUMARIO LPs AT RECENT GRIs WHO ATTENDS THE GRI? PARTICIPANTES DEL GRI ABU DHABI INVESTMENT AUTHORITY (ADIA) ALCATEL LUCENT PENSION TRUST BAYERISCHE VERSORGUNGSKAMMER CAISSE DE DEPOT QUEBEC CALPERS CHURCH COMMISSIONERS (UK) COLUMBIA UNIVERSITY INVESTMENT MANAGEMENT CPPIB CROWN ESTATE (UK) DETROIT GENERAL RETIREMENT SYSTEM DOW CORPORATION PENSION E.ON PENSION MANAGEMENT EUROPEAN PARLIAMENT PENSION FUND FINLAND STATE PENSION FUND FLEMING FAMILY & PARTNERS GE PENSION TRUST GENERALI IMMOBILIER GOTHAER ASSET MANAGEMENT GIC (SINGAPORE) HARVARD MANAGEMENT COMPANY HERMES INVESTMENT MANAGEMENT ILLMARINEN MUTUAL PENSION INSURANCE INTEGRALE (BELGIUM) JOEP PENSION FUND (DENMARK) KBC PENSION FUND LEWIS TRUST GROUP MEAG MUNICH ERGO MICHIGAN RETIREMENT SYSTEM NATIONAL PENSIONS RESERVE FUND - IRELAND NEW YORK STATE COMMON RETIREMENT FUND NJ STATE TREASURY NORDEA LIFE & PENSION OMAN INVESTMENT FUND ONTARIO MUNICIPAL EMPLOYEE RETIREMENT SYSTEM OREGON PUBLIC EMPLOYEES RETIREMENT FUND PHILIPS PENSION FUNDS PREVI PRUDENTIAL INSURANCE PSP INVESTMENTS (CANADA) QATAR INVESTMENT AUTHORITY TEXAS TEACHERS RETIREMENT SYSTEM TIAA-CREF US STEEL PENSION FUNDS WASHINGTON STATE EMPLOYEE RETIREMENT SYSTEM WELLCOME TRUST and others... CHAIRMAN & CEO 33% MANAGING DIRECTOR 22% REAL ESTATE HEAD 18% DIRECTOR 17% OTHERs 10% BASED ON THE PAST 3 YEARS ATTENDANCE OF GRI EVENTS. JIM GARMAN MD & Global Co-Head of Real Estate in the Merchant Banking Division GOLDMAN SACHS JORGE GUARNER CEO SARQUAVITAE JUAN BARBA SILVELA Director of Real Estate Assets SAREB JUAN DEL RIVERO Chairman AZORA MEKA BRUNEL Executive Vice President, Europe IVANHOÉ CAMBRIDGE MIGUEL PEREDA Consejero Delegado GRUPO LAR

5 KEYNOTE TIMETABLE AGENDA KEYNOTE SESIÓN DE APERTURA 20 MAY TUESDAY MARTES 13H00 Check In Registro 14H00-17H15 Discussions Debates 17H15-18H30 Drinks Reception Recepción y Bebidas The Spanish recovery in a European and global financial context 20H00-22H00 Private Board Dinner (Invitation only - reserved for discussion co-chairs, sponsors) (Exclusivamente por Invitatión - reservado para co-chairs, patrocinadores & miembros GRI) 21 MAY WEDNESDAY MIÉRCOLES 09H00 10H00-11H00 11H30-16H30 14H15-15H15 16H30-17H30 Check In Registro Keynote Sesión de Apertura Discussions Debates Lunch Comida Wrap-up & Drinks Reception Recepción y Bebidas JEAN-PHILIPPE COTIS Head of Economic Research (Group Chief Economist) BNP PARIBAS GROUP NICOLE JUERGENSEN Head of Madrid Branch HYPOTHEKENBANK FRANKFURT PEDRO ABELLA LANGA Director España STAM EUROPE PEDRO MANUEL SILVEIRA President SIL GRUPO STEFAN SCHOLL Head of Aquisitions & Sales, Europe DEKA IMMOBILIEN VANESSA GELADO Managing Director, Acquisitions & Investor Relations DRAGO CAPITAL ZSOLT KOHALMI Head of European Acquisitions STARWOOD

6 DISCUSSIONS DEBATES For program updates please visit website Los grupos de debate tienen lugar simultáneamente en las distintas salas Group discussions run concurrently, several going on at the same time in separate rooms OPPORTUNISTIC/HIGH RETURN INVESTMENTS The view from the buy-side. How to get superior IRR s? INVERSIONES OPORTUNISTAS/CON ELEVADOS RETORNOS Desde el punto de vista del comprador. Cómo conseguir altas Tasas Internas de Retorno? SYL APPS Principal GREENOAK REAL ESTATE UK JAVIER BELTRAN Managing Director - Iberia THE CARLTON GROUP Spain HUNT DOERING Principal BAUPOST GROUP INTERNATIONAL UK JIM GARMAN Md & Global Co-Head of Real Estate in the Merchant Banking Division GOLDMAN SACHS UK FABIAN GODBERSEN Partner & Head of Europe GROVE INTERNATIONAL PARTNERS Spain Syl Apps Javier Beltran Hunt Doering Jim Garman Fabian Godbersen MOTIVATED SELLERS: FROM DISTRESSED ASSETS TO CORPORATE RESTRUCTURING Understanding the needs of those who need to sell. VENDEDORES MOTIVADOS: DESDE LOS ACTIVOS DISTRESSED A LA REESTUCTURACIÓN EMPRESARIAL Cómo entender las necesidades de los vendedores? JUAN BARBA SILVELA Director of Real Estate Assets SAREB Spain FERGUS FARRELL Principal, Asset Management AVESTUS CAPITAL PARTNERS Ireland ZSOLT KOHALMI Head of European Acquisitions STARWOOD UK AREF LAHHAM Founding Partner & Managing Director ORION CAPITAL MANAGERS UK CHRIS ZLATAREV Director H.I.G BAYSIDE CAPITAL UK Juan Barba Silvela Fergus Farrell Zsolt Kohalmi Aref Lahham Chris Zlatarev REGIONS: WHAT AND WHERE TO INVEST OUTSIDE MADRID AND BARCELONA? Portugal. 2nd Tier Cities. Coasts and Islands. REGIONES: DÓNDE Y EN QUÉ INVERTIR FUERA DE MADRID Y BARCELONA? Portugal. Ciudades secundarias. Costas e islas. ANTONIO GIL MACHADO Director, Frics VIDA IMOBILIARIA Portugal JAVIER RICOTE Director Real Estate & Tourism CAIXABANK Spain MARKUS SCHMITT-HABERSACK Director Mergers & Acquisitions ECE PROJEKTMANAGEMENT Germany Antonio Gil Machado Javier Ricote Markus Schmitt-Habersack All material throughout this brochure is subject to change without notice.

7 DEBATES DISCUSSIONS SERVICING & ASSET MANAGEMENT How is choosing and working with partners in Spain different? SERVICIOS Y GESTIÓN DE ACTIVOS Es España diferente? Principales retos y cómo elegir partners. PETER BRIGHAM Managing Director ROUND HILL CAPITAL UK LORENZO CASTILLA Real Estate Services Director TESTA Spain MARTA CLADERA Head of Portfolio Management TIAA HENDERSON REAL ESTATE Spain PETRA FISHERT Senior Vice President TRIMONT REAL ESTATE ADVISORS Netherlands JACOB LYONS Managing Director CR INVESTMENT MANAGEMENT UK JAMES TURNER Director BALMAIN ASSET MANAGEMENT UK Peter Brigham Lorenzo Castilla Marta Cladera Petra Fishert Jacob Lyons James Turner SPANISH INVESTORS: DO THEY EXIST? Meet the key Spanish investors setting the pace. INVERSORES ESPAÑOLES: EXISTEN? Conoce a los players nacionales que marcan tendencia. MANUEL GUILLÉN Chief Executive Officer MEDITERRANEAN CAPITAL MANAGEMENT Spain VÍCTOR IBORRA Acquisitions & Development MERIDIA CAPITAL Spain FERNANDO OLASO Managing Partner ALTAN CAPITAL Spain DAVID RICO Head Real Estate & Tourism CAIXABANK Spain Manuel Guillén Víctor Iborra Fernando Olaso David Rico HOTELS A tale of two cities or should you look beyond Madrid and Barcelona? Urban hotels vs. resorts. HOTELES Es cosa de dos? Madrid, Barcelona y más allá. Hoteles urbanos vs. resorts. ARTURO DIAZ Director General de Negocio INMUEBLES CASACUBERTA Spain GONZALO SANTOS Principal TPG UK MANFRED VAN SASSE Senior Director EVENT HOLDING Germany Arturo Diaz Gonzalo Santos Manfred Van Sasse Todo el material de este folleto está sujeto a la posibilidad de cambio sin previo aviso.

8 DISCUSSIONS DEBATES THE FUTURE OF LENDING Where will debt finance come from? EL FUTURO DE LA FINANCIACIÓN De dónde vendrá? RAMON CAMINA-MENDIZABAL Managing Director GOLDMAN SACHS UK MICHAEL EISENKOLB Director Special Property Finance AAREAL BANK Germany ALFONSO FERNÁNDEZ-PUEBLA Partner of the Department of Real Estate GÓMEZ-ACEBO & POMBO Spain NICOLE JUERGENSEN Head of Madrid Branch HYPOTHEKENBANK FRANKFURT Spain ALBAN MILLER MACKAY Director DEUTSCHE BANK UK RAHUL SULE Executive Director J P MORGAN UK Ramon Camina-Mendizabal Michael Eisenkolb Alfonso Fernández-Puebla Nicole Juergensen Alban Miller Mackay Rahul Sule BARCELONA Strong brand and international outlook - how does this translate into investment opportunities? BARCELONA Una ciudad de marca internacional - favorece las oportunidades? CRISTINA BADENES Senior Director - Institutional Relations & Research MERIDIA CAPITAL Spain JAVIER CORNEJO Founder, President CORNEX CAPITAL Spain GREGG GILBERT Head of Iberia BENSON ELLIOT UK Cristina Badenes Javier Cornejo Gregg Gilbert OFFICES: THE BIG NICHE Can developers and core investors create the new product needed in CBD offices? OFICINAS: EL GRAN NICHO La gran escasez de producto de calidad en CBD - Oportunidad o problema? PEDRO ABELLA LANGA Director España STAM EUROPE Spain RAFAEL AVILÉS Country Partner ARES MANAGEMENT LTD Spain ADRIEN BLANC Chief Investment Officer EUROSIC France OLIVIER CRAMBADE Consejero Delegado THERUS INVEST Spain PHILIP LA PIERRE Head of Investment Management Europe UNION INVESTMENT REAL ESTATE GMBH Germany Pedro Abella Langa Rafael Avilés Olivier Crambade Adrien Blanc Philip La Pierre All material throughout this brochure is subject to change without notice.

9 DEBATES DISCUSSIONS BANK ASSETS Have bank prices adjusted enough to attract investors? ACTIVOS DE LA BANCA El ajuste de precios ha sido lo suficiente grande para atraer a los inversores? IVAN AZINOVIC Partner GÓMEZ-ACEBO & POMBO Spain MEKA BRUNEL Executive Vice President, Europe IVANHOÉ CAMBRIDGE France ANA ESTRADA Real Estate Associate Spain GOLDMAN SACHS UK ALFREDO LAFFITTE Head of Portfolio Sales RE Division, Director Venta Inversores BANC SABADELL, S.A. Spain Ivan Azinovic Meka Brunel Ana Estrada Alfredo Laffitte RESIDENTIAL Distressed and non-prime assets - high returns at any cost? MERCADO RESIDENCIAL Activos distressed - altas rentabilidades, pero a qué precio? DAVID BOTIN COCIÑA Director ACR PROMOCIÓN Spain PHILIPPE CAMUS CEO SHAFTESBURY ASSET MANAGEMENT GROUP Luxembourg CRISTINA GARCIA-PERI Managing Director, Business Development & IR AZORA Spain RAFAEL GONZÁLEZ-COBOS Presidente GRUPO INMOBILIARIO FERROCARRIL Spain MIGUEL PEREDA Consejero Delegado GRUPO LAR Spain RALPH WINTER Founder CORESTATE CAPITAL AG Switzerland David Botin Cociña Philippe Camus Cristina Garcia-Peri Rafael González-Cobos Miguel Pereda Ralph Winter LAND AND NEW DEVELOPMENT Where are the opportunities and what are the prospects? PROMOCIÓN INMOBILIARIA Dónde están las oportunidades? JUAN JOSE CERCADILLO CALVO Director General HERCESA MANAGEMENT, OBRAS Y SERVICIOS, S.L. Spain PEDRO MANUEL SILVEIRA President SIL GRUPO Portugal Juan Jose Cercadillo Calvo Francisco Santiago Marcos Pedro Manuel Silveira FRANCISCO SANTIAGO MARCOS Consejero Delegado ACR GRUPO Spain Todo el material de este folleto está sujeto a la posibilidad de cambio sin previo aviso.

10 DISCUSSIONS DEBATES RETAIL How will the retail sector evolve amid changing shopping habits? RETAIL Cómo cambiarán los hábitos de consumo al sector? DILIP KHULLAR Managing Director CADENA GROUP Spain JOSE ANTONIO RAMIREZ-ESCUDERO Presidente INMOBILIARIA BILBAINA Spain JAAP TONCKENS Member of the Management Board, Chief Financial Officer UNIBAIL - RODAMCO France Dilip Khullar Jose Antonio Ramirez-Escudero Jaap Tonckens JOINT VENTURES: PARTNERING INTERNATIONAL AND SPANISH CAPITAL How do you decide and who should you choose? JOINT VENTURES: CAPITAL INTERNACIONAL Y ESPAÑOL Cómo elegir con quién invertir? DAVID FINKEL Managing Director TALUS REAL ESTATE Spain VANESSA GELADO Managing Director, Acquisitions & Investor Relations DRAGO CAPITAL Spain MANUEL ANGEL JOVE SANTOS Vice Chairman INVERAVANTE Spain FELIX LLORENTE SANZ CEO General Manager & Head of Real Estate Wilcox Group WILCOX Spain DANIEL LOUREDA LÓPEZ Consejero Delegado TESTA Spain CARLOS PORTOCARRERO Partner CLIFFORD CHANCE Spain David Finkel Vanessa Gelado Manuel Angel Jove Santos Felix Llorente Sanz Daniel Loureda López Carlos Portocarrero CORE INVESTMENTS Who is bucking the opportunistic trend? INVERSIÓN EN ACTIVOS CORE Quién nada contra corriente? FRANK BILLAND Member of the Management Board & CIO UNION INVESTMENT REAL ESTATE GMBH Germany DAVID BRUSH Managing Partner BROOKFIELD PROPERTY GROUP UK MANUEL MARTIN Director, Spanish Branch TIAA HENDERSON REAL ESTATE Spain STEFAN SCHOLL Head of Aquisitions & Sales, Europe DEKA IMMOBILIEN Germany Frank Billand David Brush Manuel Martin Stefan Scholl All material throughout this brochure is subject to change without notice.

11 DEBATES DISCUSSIONS INVESTMENT VEHICLES REIT s, Socimi s, SII s, FAB s and real estate platforms: how to choose the right tax structure? VEHÍCULOS DE INVERSIÓN REIT, SOCIMI, SII, FAB y plataformas inmobilarias. Cómo planificar la estructuración fiscal? ALFONSO BENAVIDES Global Head of Real Estate CLIFFORD CHANCE Spain JUAN DEL RIVERO Chairman AZORA Spain FRASER DENTON Acquisitions Director UK & EUROPEAN INVESTMENTS UK Alfonso Benavides Juan Del Rivero Fraser Denton DE-STRESS: RESORTS & 2ND HOMES Quality assets or high returns - can you have both? Prime residential, coastal and lifestyle real estate. DEJANDO EL ESTRÉS: RESORTS Y SEGUNDAS RESIDENCIAS Activos de calidad o altos retornos - se pueden tener ambos? XABIER BARRONDO Director General De Negocio GRUPO GMP Spain JULIO DELGADO CEO PGA CATALUNYA RESORT Spain RAMÓN LUENGO Director General Managing Director SOTOGRANDE Spain JORDI ROBINAT CATALÁ Chairman ARUM GROUP Spain JON SCHAUDER Director Business Development TROON GOLF Switzerland Xabier Barrondo Julio Delgado Jordi Robinat Catalá Ramón Luengo Jon Schauder NICHE ASSETS: TOMORROW S CORE? Student accommodation. Retirement homes and villages. Social housing. ACTIVOS ALTERNATIVOS Residencias de estudiantes, viviendas sociales y residencias de ancianos: Nichos que se están convirtiendo en productos muy demandados. CORNÉ KOPPELAAR International Housing Director SAVILLS UK GIL SUMMERS Founder SUMMERS VILLAGES Spain JORGE GUARNER CEO SARQUAVITAE Spain Corné Koppelaar Gil Summers Jorge Guarner Todo el material de este folleto está sujeto a la posibilidad de cambio sin previo aviso.

12 SPONSORS PATROCINADORES GOLD SPONSOR Clifford Chance is one of the world s leading law firms, with 36 offices in 26 countries. We have worked in Spain for over 30 years. Our participation in the highest profile matters and our wide transactional experience have positioned our team at the top of the market, combining our well-established international presence with deep local knowledge. Laura Álvarez Ferro Marketing & Communications Coordinator Tel laura.alvarez@cliffordchance.com Almudena Rodríguez Business Development Manager Tel almudena.rodriguez@cliffordchance.com SILVER SPONSOR Gómez-Acebo & Pombo is an independent Iberian law firm. We provide first rate value to our clients through innovative, practical and successful legal strategies. Sources say: Responsive, well co-ordinated and really understands its clients. Knows how to move around in an international context. The Chambers Europe. Real Estate. Iván Azinovic Head of the Real Estate, Property Development and Planning Area Tel iazinovic@gomezacebo-pombo.com Alfonso Fernández-Puebla Partner of the Real Estate, Property Development and Planning Area Tel afernandezp@gomezacebo-pombo.com SPONSORSHIP OPPORTUNITIES Take the opportunity to strengthen your position in the real estate market and reach a senior audience of real estate professionals across the globe. 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. CONTACT: Kerisia Powell kerisia.powell@globalrealestate.org Tel:

13 meetings provide a forum for the world s GRI leading real estate players to develop valuable relationships, find new business partners, and strengthen their global networks. BUILD YOUR GLOBAL NETWORK - BUILD YOUR BUSINESS BRITISH BRITISH GRI 2014 London, April DEUTSCHE DEUTSCHE GRI 2014 Frankfurt, 7-8 May ESPAÑA GRI LOTEAMENTOS & COMUNIDADES PLANEJADAS2014 AFRICA CHINA 2014 GRI Los encuentros de GRI ofrecen el foro ideal para que los actores líderes del sector inmobiliario de todo el mundo establezcan relaciones valiosas, encuentren nuevos socios comerciales y fortalezcan sus redes de relaciones globales. ESPAÑA GRI 2014 Madrid, May GRI EUROPE SUMMIT 2014 BRAZIL PLANNED COMMUNITIES GRI 2014 São Paulo, May GRI Deutsche Residential 2014 AFRICA GRI 2014 Nairobi, June GRI REAL ESTATE MARKETING 2014 CHINA GRI 2014 Shanghai, September INDIA GRI EUROPE SUMMIT 2014 Paris, September GRI DEUTSCHE RESIDENTIAL 2014 Berlin, September GRI REAL ESTATE MARKETING 2014 São Paulo, 1-2 October INDIA GRI 2014 Mumbai, 7-8 October RUSSIA BRitish Residential BRAZIL New Europe España GRI Network Global Real Estate Institute RUSSIA GRI 2014 Moscow, October BRAZIL GRI 2014 Sao Paulo, October NEW EUROPE GRI 2014 Warsaw, November BRITISH RESIDENTIAL GRI 2014 London, December facebook.com/globalrealestate.org MEXICO GRI2015 ASIA GRI2015 LATIN AMERICA GRI2015 Tel: Fax: info@globalrealestate.org TÜRKİYE TURKEY 2015 GRI TURKEY GRI 2015 Istanbul, January MEXICO GRI 2015 coming soon ASIA GRI 2015 HK, coming soon LATAM GRI 2015 coming soon

14 REGISTRATION NOTES INFORMACIÓN ADICIONAL Registration Notes Cheque Cheque and methods of payment other than credit cards incur an additional 75 charge. Payable to GRI. Mail cheque to: GRI, Walkden House, 10 Melton Street, London, NW1 2EB, UK. Onsite Registrations Onsite Registrations paid in cash or credit card will be charged 125 more than otherwise applicable fee. Terms and Conditions Delegate fee must be paid in full prior to event or admission is regrettably not possible. Confirmation will be sent on receipt of payment. If you have not received confirmation within 7days of registration, please contact us to confirm your booking. Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possible at any time. 90% refund will apply if cancellation notice is received by 11 April. We regret no refunds are possible for cancellations received thereafter. Notas de Inscripción Cheque Una tasa adicional de 75 será aplicable para el pago vía cheque y otros métodos de pago diferentes a tarjeta de crédito. Pagar a GRI. Dirección para envío del cheque y formulario de inscripción: GRI, 10 Melton Street, London, NW1 2EB, UK. Pago en el día del evento Se aplicará una tasa adicional de 125 a las inscripciones pagadas (en efectivo o tarjeta de crédito) el día del evento. Términos y Condiciones El cobro será efectuado al recibir el formulario correctamente cumplimentado. El valor de inscripción debe ser pagado en su totalidad antes del evento. En caso contrario, no se permitirá la entrada al evento. La confirmación de inscripción será enviada una vez recibido el pago. Si no recibe la confirmación en 7 días después del envío de su inscripción, por favor contáctenos para confirmar su reserva. Tanto la cancelación como la transferencia de la inscripción a un colega deberá efectuarse por escrito. La transferencia integral a un colega se puede efectuar en cualquier momento. Se aplicará un reembolso del 90% para aquellas cancelaciones recibidas antes del 11 de abril. Lamentamos informarle que no se efectuará ningún reembolso para las cancelaciones recibidas después de esa fecha. Venue HOTEL WELLINGTON Calle de Velázquez, 8, 28001, Madrid - Spain Reservation: GRI Preferential Room Rate for attendees (Direct bookings only, not through travel agents). Room rates from 150 per night (subject to availability) Quote GRI when booking directly with the hotel. Lodging costs are not included in conference fees. To download a copy of the booking form please visit: Lugar HOTEL WELLINGTON Calle de Velázquez, 8, 28001, Madrid - Spain Reserva: Tarifas preferentes GRI (Sólo para reservas directas, no a través de agencia). Tarifas a partir de 150 por una noche (sujetas a disponibilidad). Cuando hagas la reserva,indica como referencia: GRI. El coste del hospedaje no está incluido en el registro del evento. Por favor, reserva directamente con el hotel. Para descargar una copia de la hoja de reserva visite: Languages Discussions take place in English. Simultaneous translation is provided for some sessions but not for all discussions. Idiomas Los debates son en Inglés. La traducción simultanea estará disponible para algunas de las sesiones, pero no para todas las sesiones de debate. Inquiries & Further Information: Para consultas e información adicional: FOR PROGRAM OPPORTUNITIES CONTACT: Brian Brosnan Director for Spain and Latin America Tel: brian.brosnan@globalrealestate.org FOR MEDIA & PARTNERSHIPS CONTACT: Berna Turner Senior Marketing Manager Tel: berna.turner@globalrealestate.org MAIN OFFICE: 511 Avenue of the Americas - Suite 4100, New York, NY 10011, USA EUROPEAN OFFICE: 10 Melton Street, London, NW1 2EB, UK FOR GENERAL EVENT ENQUIRIES CONTACT Tel

15 ESPAÑA GRI 2014 FORMULARIO DE INSCRIPCIÓN REGISTRATION FORM REGISTER ONLINE REGISTRESE ONLINE ALTERNATIVE WAYS TO REGISTER OTRAS FORMAS DE REGISTRO Fax Tel Scan & this form to Envíe el Formulario Escaneado al: Tear out & fax this form to Envíe el Formulario Vía Fax al: Call & talk to us on Llame: REGISTRATION DETAILS FIRST NAME NOMBRE SURNAME APELLIDO POSITION/JOB TITLE POSICIÓN DIRECT TEL TEL DIRECTO REGISTER BY 21 MARCH & SAVE UP TO 600 REGÍSTRESE ANTES DEL 21 DE MARZO Y AHORRE HASTA 600 ESPAÑA GRI 2014 Madrid, May ADVANCE SAVER Before 21 Mar Antes del 21 de Marzo EARLY BIRD Before 11 Apr Antes del 11 de Abril STANDARD RATE After 11 Apr Después del 11 de Abril DELEGATES (+21% VAT) (+21% VAT) (+21% VAT) GROUP (3 OR MORE) (+21% VAT) (+21% VAT) (+21% VAT) DISCUSSION (CO-)CHAIR* (+21% VAT) (+21%VAT) (+21% VAT) COMPANY EMPRESA Fee for payment methods other than credit card*: Tasa adicional para pago diferente a tarjeta de crédito*: Fee for onsite payment (credit card or cash only)*: Tasa de pago en el día del evento (sólo tarjetas de crédito o efectivo)*: 75 (+21% VAT) 125 (+21% VAT) ASSISTANT ASISTENTE ASSISTANT TEL TEL ASISTENTE * Refer to registration notes on opposite page. ASSISTANT PAYMENT DETAILS DETALLES DE PAGO A receipt will be returned. Será enviado el comprobante. ref: BR ADDRESS DIRECCIÓN Please Tick VISA MASTERCARD AMEX CHEQUE (+75 ) (*) NAME ON CARD NOMBRE (COMO EN LA TARJETA) CITY CIUDAD STATE/PROVINCE/COUNTY PROVINCIA/ESTADO CARD NUMBER NÚMERO DE TARJETA EXPIRY FECHA DE VENCIMIENTO POSTCODE CÓDIGO POSTAL COUNTRY PAÍS (If Spain, provide VAT number/nif) CSC/CVV* (MANDATORY) CÓDIGO DE SEGURIDAD SIGNATURE FIRMA DIVISION S WEB ADDRESS PÁGINA WEB (ex: CREDIT CARD BILLING ADDRESS (Please provide if different from address on left) DIRECCIÓN DE FACTURACIÓN DE LA TARJETA (importante, por favor completar si diferente al anterior) q INVESTOR INVERSOR q PENSION (Investor) FONDO DE PENSIONES (Inversor) q PROPERTY COMPANY (Developer) PROMOTORA q INFRASTRUCTURE COMPANY EMPRESA DE INFRAESTRUCTURAS q LENDER ENTIDADES DE CRÉDITO q HOTEL (Company) EMPRESA HOTELERA q INVESTMENT BANK BANCO DE INVERSIÓN q CORPORATE (User) CORPORACIÓN q AGENT (Surveyor) AGENTE q ADVISOR (Accountant/Tax) ASESORES (Contabilidad/Fiscal) q LAWYER ABOGADO q A&E (Architect/Engineer) ARQUITECTOS/INGENIEROS q TITLE (COMPANY) q GOVERNMENT (Officials) GOBIERNO q ECONOMIC DEVELOPMENT EMPRESA DE DESARROLLO ECONÓMICO q ACADEMIC (Think Tank) ACADEMICO q MEDIA q TRADE (Group/Exhibit/Conference Organiser) COMERCIO (Grupos/Exposiciones/Organizador de Conferencias) q OTHER OTROS CITY CIUDAD STATE/PROVINCE/COUNTY ESTADO POSTCODE CÓDIGO POSTAL COUNTRY PAÍS * The CSC is the final three digit number printed on the reverse of your card along the signature strip. American Express cards, please provide the four digit CVV located above the long card number. * CSC son los 3 últimos dígitos impresos al dorso de la tarjeta próximo a su firma. Para las tarjetas american express, favor de incluir los 4 dígitos localizados sobre el número de tarjeta. With due sensitivity the GRI may film or photograph this event for printed & electronic marketing purposes. By attending the event you are giving consent to be filmed or photographed. No individually identifiable images will be used where requested. GRI se reserva el derecho de filmar o fotografiar este evento con fines de marketing (impresos y electrónicos). Al asistir al evento estás dando su consentimiento para ser fotografiado o filmado. Fotos individuales no serán utilizadas si así lo solicitas.

16 GOLD SPONSOR SILVER SPONSOR INDUSTRY PARTNERS MEDIA PARTNERS