Central and Eastern Europe | Turkey | Russia - Global Real Estate ...

Real Estate Investment and Development in
Istanbul
26-27 November
Central and Eastern Europe | Turkey | Russia

CORPORATE SENIOR PARTNER
Frank Lamby Harin Thaker Walter Hampel
Dieter Knittel Andreas Roth
Frank Lamby
CEO
Hypo Real Estate Bank International
Tel: +49 89 20 30 07 715
frank.lamby@hypointernational.com
Harin Thaker
CEO Europe, Middle East & India
Hypo Real Estate Bank International
Tel: +44 20 7743 7600
harin.thaker@hypointernational.com
Walter Hampel
Senior Director Europe: CEE, Italy & Turkey
Hypo Real Estate Bank International
Tel: +44 20 7743 7727
walter.hampel@hypointernational.com
Dieter Knittel
Director Europe
Hypo Real Estate Bank International
Tel: +49 89 255520 270
dieter.knittel@hypointernational.com
Andreas Roth
Associate Director Europe
Hypo Real Estate Bank International
Tel: +49 89 255520 224
andreas.roth@hypointernational.com
Hypo Real Estate Group is a leading global lender in commercial real estate finance with a
network presence in Europe, US and Asia. We provide debt financing solutions ranging from
senior investment and development loans to structured finance, mezzanine and bridge loans.
Our capabilities cover syndication, securitisation and dedicated real estate investment
banking expertise. We support our customers through the arrangement, origination and
provision of debt finance for property, portfolio or corporate acquisitions of companies rich
in property assets, including public-to-private takeovers, sale and leaseback arrangements
and Propco/Opco structures. Additionally, we offer expertise in Public Finance and Capital
Markets products.
The competence of Hypo Real Estate Group in handling large-volume transactions is based on
the Group’s extensive real estate know-how which has been tested over many years, and also
on its innovative ability. The Group takes on risks and manages them in a highly professional way.
COMMERCIAL REAL ESTATE
CEE & Russia Tel +49 (0) 89 25 55 20 0 munich@hypointernational.com
China Tel +852 3413 8300 hongkong@hypointernational.com
France & Benelux Tel +33 1 53 05 74 00 paris@hypointernational.com
Germany Tel +49 (0) 89 28 80-0 info@hyporealestate.de
India Tel +91 22 2499 9900 mumbai@hypointernational.com
Italy Tel +39 02 36 57 68 00 milan@hypointernational.com
Japan Tel +81 3 5288 5860 tokyo@hypointernational.com
Netherlands Tel +31 20 46 27 800 amsterdam@hypointernational.com
Portugal Tel +351 21 340 4665 lisbon@hypointernational.com
Scandinavia Tel +46 8 53 48 00 70 stockholm@hypointernational.com
Singapore Tel +65 6372 6812 singapore@hypointernational.com
Spain Tel +34 91 349 3200 madrid@hypointernational.com
Switzerland Tel +49 (0) 89 25 55 20 0 munich@hypointernational.com
UK Tel +44 20 77 43 77 43 london@hypointernational.com
USA Tel +1 212 671 6300 newyork@hypointernational.com
PUBLIC FINANCE & CAPITAL MARKETS
Dublin Tel +353 1 611 6000 info@hpfb.com
London Tel +44 20 7743 7712 info@hpfb.com
New York Tel +1 212 905 4600 info@hpfb.com

|
WELCOME
No speeches. No panels. Just discussions.
At the New Europe GRI everyone is a speaker.
You. Everybody.

2007 MEETING PLACES
... For those who think the opportunity to schedule
personal meetings with so many of the industry’s
best and brightest is too good to pass up...

Floorplan
2007 TIMETABLE
MONDAY 26 NOVEMBER
�� 12h00
Check-in
�� 14h00 - 18h45
Group Discussions
�� 18h45 - 19h45
Cocktail Reception
�� 19h45 - 22h00
GRI Board Dinner
(Reserved for GRI Board, New Europe
GRI Partners & Discussion Chairs only)
TUESDAY 27 NOVEMBER
��� 08h00
Check in
��� 09h00 - 16h00
Keynote & Group Discussions
��� 13h15 - 14h45
The Pramerica Lunch
hosted by
��� 16h00 - 17h00
Farewell Drinks
Dress code:
Business Casual, no tie required.

2007 SCHEDULE
Monday 26
Floorplan
SALON I
SALON III
BÜYÜKADA
HEYBELI
BURGAZ
KINALI
(GRI Board, Summit Partners,
Discussion Chairs & Speakers only)
PROPERTY IN TURKEY
IS IT REALLY DIFFERENT TO MANAGE?
SENAY AZAK-MATT
BARLAS BALCIOGLU ÖZGÜR BEKIROGLU
LEVENT EYUBOGLU MAXENCE LIAGRE
ROMANIAN REAL ESTATE
MOVING TOO FAST?
MANAGING RISKS IN REAL ESTATE
MYTHS AND REALITY IN CEE
JEAN-BERNARD WURM
HARRY IKONOMOPOULOS SKIP SCHWARTZ
LEE TIMMINS
REGENERATING CITIES IN CEE
PITFALLS OR OPPORTUNITIES?
14h00 - 15h15 15h45 - 17h00 17h30 - 18h45
MIRCEA CLECIU CYRIL AULAGNON
FATIH BORA ASTERIOS ECONOMIDES
NICHOLAS LAAG CHRISTIAN PARVAN
HALUK SUR GEORGE TOLIS
CEE INVESTMENT OUTLOOK
YIELDS OR STRATEGIC OPPORTUNITY?
ALVYDAS ZABOLIS
KHALID BOUZERDA PETRI KARJALAINEN
MICHAEL KRÖGER
FROM THE BAZAAR TO KANYON
WHAT HAVE WE LEARNT?
STEPHEN PRAGNELL AVI ALKAS JÖRG BANZHAF
DEREK BARKER ALEXEI CHERNYSHOV
MARKUS LEHTO THOMAS LÖFFLER
ANTOINE MOCACHEN REMCO VAN DER KROFT
ANDREW JACKSON
ALEKSANDER HETKO DOUGLAS NOBLE
AMANDA SPRING
MOVING EAST
WILL THERE BE A BOUNDARY FOR INVESTORS?
YANNIS DELIKANAKIS
AVI BEN-SIRA ALEJANDRO GALLEGO
FRANCISC PELI TONY VASISHTA
REAL ESTATE FINANCING IN SEE
ARE RISKS PROPERLY PRICED?
SIMON DAYES
COSMIN CALIN KONSTADINOS GEORGIAKOS
LEOPOLD REYMAIER CSABA SITERY
HOUSING FUTURES
NEW COMMUNITIES FOR NEW RUSSIA?
THEODORE LIEBMAN
TIMOTHY FENWICK DAVID O’HARA
REAL ESTATE IN TURKEY
ON ITS WAY TO MATURITY?
TAVIT KÖLETAVITOGLU
OKAN ALTUG ÖMER BAYATLI
DR CHRISTINA WEISS ERTUG YASAR
MUSA YETIM
NEW EUROPE
CHALLENGES AND OPPORTUNITIES IN TAX PLANNING
ORSOLYA BARDOSI
RODNEY PEREIRA BARTJAN ZOETMULDER
FROM WEST TO EAST
WHAT ARE THE NEW COMMERCIAL FORMATS?
LEO CIVELLI
GUIDO AUDAGNA DAVID GIRAUD
DR LUDEK SEKYRA
CEE INVESTORS
IS RUSSIA THE NEW HYPE?
KARL WILSON
SIMON BAYLEY ALEXEY BLANIN
ERKAN ERKEK CHRISTOPHER ZEUNER
PRICE BUBBLE IN TURKEY
STILL WORTH IT?
DR ARNE BONGENAAR
DR WALTER HAMPEL MAARTEN HULSHOFF
WOLFGANG LUNARDON ERK OZBELGE
RISING INTEREST RATES
IS DEBT FINANCING THE BEST OPTION?
FERNANDO SALAZAR
LUCA CASTELLI JAVIER CATENA
LUURT VAN DER PLOEG
LOGISTICS IN TURKEY, RUSSIA AND CEE
WHAT’S AHEAD?
CHRISTIAN NICKELS-TESKE
DEVELOPMENT IN CEE/SEE
WHAT DEALS COME NEXT?
GEORGE MANTZAVINATOS
ZISIMOS DANILATOS YANNIS DELIKANAKIS
ASTERIOS ECONOMIDES
KONSTADINOS GEORGIAKOS ROSEN PLEVNELIEV
EXECUTIVE LIVING IN ISTANBUL
LEADING THE WAY?
EKATERINA GEORGE
HALUK MAGA DOGAN OKSUM
COCKTAIL RECEPTION 18h45-19h45

Tuesday 27
KEYNOTE
BALLROOM
SALON II
SALON I
SALON III
BÜYÜKADA
HEYBELI
BURGAZ
KINALI
INVESTING IN ROMANIA
TODAY OR TOMORROW?
09h00 - 10h00
THE FUTURE OF EUROPE
IS THE BEST
STILL TO COME?
DR HOLGER SCHMIEDING
chief european economist
BANK OF AMERICA
SHOPPING CENTERS IN CEE
WHERE NEXT?
JÉRÔME PEYRARD
JÖRG BITZER IBRAHIM PAKSOY
RICHARD WEBERBERGER
FOREIGNERS IN TURKEY
DEVELOPING, INVESTING OR ... JUST WATCHING?
HAKAN KODAL
CENK ARSON ILARIA BENUCCI
CARLA GIANNINI FRANZ LUCIEN MÖRSDORF
ALI OTMAR
MONA MUSAT
VLAD BUSILA JORGE PEREZ DE LEZA
CHRISTOPHER SHONN TIM WILKINSON
DOING BUSINESS IN RUSSIA
WHO HELPS TO SOLVE THE PUZZLE?
GERALD GAIGE
DAVID EYER MARKUS LEININGER
SERGEY SAVENKOV GABOR SOMOGYI
STEVEN WAYNE
CEE
IS THE NEW FRONTIER FURTHER EAST?
NICHOLAS SPIRO
DR THOMAS BEYERLE DANIEL HARRIS
DIETER KNITTEL DAVID SKINNER
CHANGING OCCUPIERS DEMAND
WHAT SECTORS FACE GROWTH LIMITS?
PETER KOCSIS
MARIA TERESA DREO LASZLO TAPODI
MACIEJ TUSZYNSKI ALAN VINCENT
GOING EAST
WHERE ARE TOMORROW’S OPPORTUNITIES?
CHARLES CRUDEN
LIONEL BOTBOL AREF LAHHAM
MARTIN SABELKO CSABA SPOTTLE
RICHARD VAN OVOST
LOGISTICS IN ROMANIA
BY LAND OR BY SEA?
OBIE MOORE
BRIAN DELGADO CLAUDIUS FERENTZ
LOCAL PARTNERS OR DIY
HOW TO INVEST IN TURKEY?
HAKAN EREN CEVDET CANER MURAT ERGIN
ZAFER ERGÜVEN DR FRITHJOF FUCHS
THOMAS HOELLER CANSEL TURGUT YAZICI
IBRAHIM ÖZTOP ÖZGE ÜLKÜ
INVESTING IN CEE
DOES VALUE COME FROM DEAL SOURCING OR EXECUTION?
ALEXANDER PAPAGEORGIOU
LAMBROS ANAGNOSTOPOULOS EMMANUEL BLOUIN
VAN STULTS GREG TOBIAS
REAL ESTATE IN THE BALTICS
SEARCHING FOR A HIDDEN GEM?
GUNDARS BOJARS
TOMAS BUCAS ARDI ROOSIMAA
GOOD ASSET MANAGEMENT
HOW MUCH CAN IT BOOST RETURNS?
EVA DOYLE
TATIANA COHEN SABINE HEISS
LEO MOROZOV
2007 SCHEDULE
10h15 - 11h30 12h00 - 13h15 14h45 - 16h00
LUNCH 13h15-14h45
PROPERTY IN BELGRADE
OVERLOOKED OR LITTLE TO SEE?
DIMITRI KYRTSIS
ALISON ANDREWS MANOLIS KTISTAKIS
DEJAN RACIC GVAPO TRIPINOVIC
HOLIDAY HOMES IN TURKEY
NEXT ELDORADO FOR DEVELOPERS?
ORHUN KARTAL
MURAT AFSAR RAMADAN KUMOVA
CEE/SEE
WHERE HAVE ALL THE YIELDS GONE?
GUNIZ CELEN
ILHAMI AKKUM BADEGUL ALBAYRAKTAR
CEM ALFAR SEFIK BIRKIYE
METIN GÜVENER
POLAND
WHAT STRATEGY IN A MATURING MARKET?
ANNA LENGIEWICZ
CARLOS DE LEÓN DOROTA KOBYLECKA
SANTIAGO MAS MARINEZ
MIXED USE IN TURKEY
SHORT BOOM OR LONG-TERM SOLUTION?
ELIF EGELI-NISANCI
ERTAN DAL RICHARD DAVIES
ARKAR LATT OYA NARIN
FINANCING IN EASTERN EUROPE
HOW MUCH IS THE PREMIUM?
FULVIO ORLANDO
MARTIN ERBE KAMIL KOSMAN
SURINDER SETH
FAREWELL DRINKS 16h00-17h00

2007 DISCUSSIONS
14h00-15h15
All material
throughout
this program
is subject
to change
without notice.
PROPERTY
IN TURKEY
is it really
different
to manage?
SALON I
ROMANIAN
REAL ESTATE
moving
too fast?
SALON III
MANAGING
RISKS IN REAL
ESTATE
myths and
reality in cee
BÜYÜKADA
SENAY AZAK-MATT
general manager turkey
AAREAL BANK
BARLAS BALCIOGLU
partner
BALCIOGLU & SELÇUK
ÖZGÜR BEKIROGLU
head of center management
ECE TURKEY
LEVENT EYUBOGLU
managing director
MULTI TURKMALL
MAXENCE LIAGRE
evp, commercial projects
KREA REAL ESTATE
MIRCEA CLECIU
general manager
NEOCASA REAL ESTATE
CYRIL AULAGNON
region manager cee
CONCERTO DEVELOPPEMENT
FATIH BORA
president
BROOKLYN INVESTMENT
ROMANIA
ASTERIOS ECONOMIDES
managing director
ARCON CONSTRUCTIONS
NICHOLAS LAAG
director
FORUM PARTNERS
CHRISTIAN PARVAN
director
WESTDEUTSCHE
IMMOBILIENBANK
HALUK SUR
ceo
IHLAS REAL ESTATE
GEORGE TOLIS
director
DIMAND REAL ESTATE
JEAN-BERNARD WURM
managing director
LANDAMERICA (EUROPE)
HARRY IKONOMOPOULOS
partner
IKONOMOPOULOS
SKIP SCHWARTZ
svp-acquisitions
HEITMAN
LEE TIMMINS
senior vice president
HINES
Senay Azak-Matt Barlas Balcioglu
Levent Eyuboglu
Mircea Cleciu
Asterios Economides Christian Parvan
Haluk Sur George Tolis
Jean-Bernard Wurm Harry Ikonomopoulos Skip Schwartz
Lee Timmins
Maxence Liagre
Cyril Aulagnon
Özgür Bekiroglu
Fatih Bora
Nicholas Laag

The
mission
of the
Discussion
Chairs is
to make
everybody
talk...
CEE
INVESTMENT
OUTLOOK
yields or
strategic
opportunity?
HEYBELI
FROM
THE BAZAAR
TO KANYON
what have
we learnt?
BURGAZ
REGENERATING
CITIES IN CEE
pitfalls or
opportunities?
KINALI
MONDAY 26 NOVEMBER 14H00-15H15
ALVYDAS ZABOLIS
managing partner
ZABOLIS IR PARTNERIAI
KHALID BOUZERDA
general manager
BABCOCK & BROWN
PETRI KARJALAINEN
managing partner
EQUEST
MICHAEL KRÖGER
head intl re finance
northern | central europe
HELABA
STEPHEN PRAGNELL
group director intl relations
APSYS POLSKA
AVI ALKAS
ceo
ALKAS CONSULTING
JÖRG BANZHAF
managing director
ECE PROJEKTMANAGEMENT
DEREK BARKER
managing director
HASKOLL
ALEXEI CHERNYSHOV
president
AVEC UKRAINE
MARKUS LEHTO
partner
URBANISTA INTERNATIONAL
THOMAS LÖFFLER
managing director
GENI POLSKA
ANTOINE MOCACHEN
general director
SIMON IVANHOE POLAND
REMCO VAN DER KROFT
Partner
DOMANSKI ZAKRZEWSKI
PALINKA
ANDREW JACKSON
managing director
FIRST TITLE
ALEKSANDER HETKO
associate
WHITE & CASE
DOUGLAS NOBLE
director warsaw
ORCO PROPERTY GROUP
AMANDA SPRING
director central europe
MARCOL
Alvydas Zabolis Khalid Bouzerda Michael Kröger
Stephen Pragnell Avi Alkas
Derek Barker Markus Lehto
Antoine Mocachen
Remco Van Der Kroft
Andrew Jackson Aleksander Hetko Douglas Noble
Amanda Spring
Jörg Banzhaf

2007 DISCUSSIONS
15h45-17h00
All material
throughout
this program
is subject
to change
without notice.
MOVING EAST
will there be
a boundary
for investors?
SALON I
REAL ESTATE
FINANCING
IN SEE
are risks
properly
priced?
SALON III
HOUSING
FUTURES
new communities
for new russia?
BÜYÜKADA
REAL ESTATE
IN TURKEY
on its way
to maturity?
HEYBELI
YANNIS DELIKANAKIS
founder and partner
BLUEHOUSE DEVELOPMENT
AVI BEN-SIRA
ceo
ROSEBUD MEDICAL
ALEJANDRO GALLEGO
general manager
HERCESA
FRANCISC PELI
partner
NESTOR
TONY VASISHTA
int. development director
MCARTHURGLEN
SIMON DAYES
partner
CMS CAMERON MCKENNA
COSMIN CALIN
executive director
BANCA ROMANEASCA
KONSTADINOS GEORGIAKOS
assistant director
EFG TELESIS
LEOPOLD REYMAIER
senior vice president
HSH NORDBANK
CSABA SITERY
head of team see
EUROHYPO
THEODORE LIEBMAN
principal
PERKINS EASTMAN
TIMOTHY FENWICK
managing director
QUANTUM POTES
DAVID O’HARA
general director
DTZ MOSCOW
TAVIT KÖLETAVITOGLU
founder & president
ATLAS PROJECT & LAND DEV.
OKAN ALTUG
managing director
DARUMA CORPORATE FINANCE
ÖMER BAYATLI
cfo
TAHINCIOGLU GROUP
DR CHRISTINA WEISS
executive vice president
MFI MANAGEMENT
FUR IMMOBILIEN
ERTUG YASAR
general manager
HAN YAPI PROPERTIES
MUSA YETIM
general manager
KONUT
Yannis Delikanakis Alejandro Gallego
Tony Vasishta
Simon Dayes Konstadinos Georgiakos
Leopold Reymaier
Csaba Sitery
Theodore Liebman Timothy Fenwick David O’Hara
Tavit Köletavitoglu Okan Altug
Ömer Bayatli
Dr Christina Weiss
Ertug Yasar Musa Yetim

NEW EUROPE
challenges and
opportunities in
tax planning
MASTERCLASS
• 20 mins Introduction
• 50 mins Discussion
BURGAZ
FROM WEST
TO EAST
what are
the new
commercial
formats?
KINALI
THE GRI
INVITES...
senior industry leaders
that might find it useful
to chair a discussion
at any of it’s GRI 2008
events to contact:
Ronny Gotthardt
GRI Director
ronny.gotthardt@globalrealestate.org
MONDAY 26 NOVEMBER 15H45-17H00
DR ORSOLYA BÁRDOSI
senior associate
GIDE LOYRETTE NOUEL
RODNEY PEREIRA
head of intl. acquisitions
EUROPEAN INVESTORS
BARTJAN ZOETMULDER
partner
LOYENS & LOEFF
LEO CIVELLI
ceo reag europe
REAG EUROPE
GUIDO AUDAGNA
managing director
THE CARLYLE GROUP
DAVID GIRAUD
executive manager
INOVALIS
DR LUDEK SEKYRA
chairman of the board
SEKYRA GROUP
Dr Orsolya Bárdosi Rodney Pereira Bartjan Zoetmulder
Leo Civelli Guido Audagna
Dr Ludek Sekyra
David Giraud

2007 DISCUSSIONS
17h30-18h45
All material
throughout
this program
is subject
to change
without notice.
CEE INVESTORS
is russia
the new hype?
SALON I
PRICE BUBBLE
IN TURKEY
still worth it?
SALON III
RISING
INTEREST
RATES
is debt financing
the best option?
BÜYÜKADA
LOGISTICS IN
TURKEY, RUSSIA
AND CEE
what’s ahead?
HEYBELI
KARL WILSON
general manager cee & russia
AAREAL BANK
SIMON BAYLEY
chief development officer
TRIGRANIT
ALEXEY BLANIN
managing director
HORUS CAPITAL
ERKAN ERKEK
general director
CAPITAL PARTNERS
CHRISTOPHER ZEUNER
director business development
GE REAL ESTATE
DR ARNE BONGENAAR
managing director
ACTEEUM GROUP
DR WALTER HAMPEL
senior director europe
HYPO REAL ESTATE
MAARTEN HULSHOFF
former chairman
managing board
RODAMCO EUROPE
WOLFGANG LUNARDON
member board of directors
MEINL EUROPEAN LAND
ERK OZBELGE
director turkey
GE REAL ESTATE
FERNANDO SALAZAR
head of corporate banking
southern europe
EUROHYPO
LUCA CASTELLI
ceo
AEDES
JAVIER CATENA
general manager
CHAMARTÍN INMOBILIARIA
LUURT VAN DER PLOEG
cfo
MULTI DEVELOPMENT
CHRISTIAN NICKELS-TESKE
director re structured finance
AAREAL BANK
Karl Wilson Simon Bayley
Erkan Erkek Christopher Zeuner
Christian Nickels-Teske
Alexey Blanin
Dr Arne Bongenaar Dr Walter Hampel Maarten Hulshoff
Erk Ozbelge
Fernando Salazar Luca Castelli Javier Catena
Luurt Van Der Ploeg

... getting
everybody
to share,
connect
and
make
friends
DEVELOPMENT
IN CEE/SEE
what deals
come next?
BURGAZ
EXECUTIVE
LIVING
IN ISTANBUL
leading the way?
KINALI
THE GRI
INVITES...
senior industry leaders
that might find it useful
to chair a discussion
at any of it’s GRI 2008
events to contact:
Ronny Gotthardt
GRI Director
ronny.gotthardt@globalrealestate.org
MONDAY 26 NOVEMBER 17H30-18H45
GEORGE MANTZAVINATOS
manager real estate division
EUROBANK PROPERTY
ZISIMOS DANILATOS
intl development director
LAMDA DEVELOPMENT
YANNIS DELIKANAKIS
founder and partner
BLUEHOUSE DEVELOPMENT
ASTERIOS ECONOMIDES
managing director
ARCON CONSTRUCTIONS
KONSTADINOS GEORGIAKOS
assistant director
EFG TELESIS
ROSEN PLEVNELIEV
general manager
BUSINESS PARK SOFIA
EKATERINA GEORGE
managing partner
VEKTOR
HALUK MAGA
managing partner
ANATOLIA INVEST
DOGAN OKSUM
ceo & founder
GENEL YAPI AS
George Mantzavinatos Zisimos Danilatos
Yannis Delikanakis
Asterios Economides Konstadinos Georgiakos Rosen Plevneliev
Ekaterina George Haluk Maga Dogan Oksum

2007 DISCUSSIONS
10h15-11h30
All material
throughout
this program
is subject
to change
without notice.
09h00-10h00
KEYNOTE
THE FUTURE
OF EUROPE
IS THE BEST STILL
TO COME?
SHOPPING
CENTERS IN CEE
where next?
SALON I
FOREIGNERS
IN TURKEY
developing,
investing or
...just watching?
SALON III
INVESTING
IN ROMANIA
today or
tomorrow?
BÜYÜKADA
DR HOLGER SCHMIEDING
chief european economist
BANK OF AMERICA
JÉRÔME PEYRARD
director re & expansion
CORA
JÖRG BITZER
managing director
REDEVCO
IBRAHIM PAKSOY
ceo
ANCHOR GROUP
RICHARD WEBERBERGER
managing director
HENDERSON GLOBAL
INVESTORS
HAKAN KODAL
president & ceo
KREA REAL ESTATE
CENK ARSON
representative for turkey
EUROHYPO
ILARIA BENUCCI
managing director, cee
AIG GLOBAL RE
CARLA GIANNINI
managing director
CREDIT SUISSE
FRANZ LUCIEN MÖRSDORF
managing director
DEKA IMMOBILIEN
ALI OTMAR
vice president
MERRILL LYNCH
MONA MUSAT
partner
MUSAT & ASSOCIATII
VLAD BUSILA
partner
CAPITAL PARTNERS
JORGE PEREZ DE LEZA
managing director cee
GRUPO LAR
CHRISTOPHER SHONN
managing partner
NAI PROPERTY
TIM WILKINSON
managing director
DTZ ECHINOX
Dr Holger Schmieding
Jérôme Peyrard Jörg Bitzer
Ibrahim Paksoy Richard Weberberger
Hakan Kodal Cenk Arson
Carla Giannini Franz Lucien Mörsdorf
Ilaria Benucci
Ali Otmar
Mona Musat Vlad Busila Jorge Perez de Leza
Christopher Shonn Tim Wilkinson

DOING
BUSINESS
IN RUSSIA
who helps
to solve
the puzzle?
HEYBELI
CEE
is the
new frontier
further east?
BURGAZ
CHANGING
OCCUPIERS
DEMAND
what sectors
face growth
limits?
KINALI
TUESDAY 27 NOVEMBER 10H15-11H30
GERALD GAIGE
partner
ERNST & YOUNG
DAVID EYER
business development director
PREMIER LNC
MARKUS LEININGER
head of corporate banking
northern & cee
EUROHYPO
SERGEY SAVENKOV
general director
PALLADA-INVEST
GABOR SOMOGYI
head of intl re finance
BANK AUSTRIA CREDITANSTALT
STEVEN WAYNE
ceo
JENSEN GROUP
NICHOLAS SPIRO
cee capital markets research
director
DTZ POLAND
DR THOMAS BEYERLE
director research & strategy
DEGI
DANIEL HARRIS
head investment cee
MGPA
DIETER KNITTEL
director europe
HYPO REAL ESTATE BANK
DAVID SKINNER
head of research
MORLEY FUND MANAGEMENT
PETER KOCSIS
deputy ceo
WALLIS REAL ESTATE
MARIA TERESA DREO
head intl re finance
BANK AUSTRIA CREDITANSTALT
LASZLO TAPODI
re finance
ERSTE BANK HUNGARY
MACIEJ TUSZYNSKI
executive director
WESTDEUTSCHE
IMMOBILIENBANK
ALAN VINCENT
managing director
CONVERGEN-CE
Gerald Gaige David Eyer Markus Leininger
Sergey Savenkov Gabor Somogyi Steven Wayne
Nicholas Spiro Dr Thomas Beyerle
Dieter Knittel
Peter Kocsis Maria Teresa Dreo
Maciej Tuszynski
Alan Vincent
Daniel Harris
Laszlo Tapodi

2007 DISCUSSIONS
12h00-13h15
All material
throughout
this program
is subject
to change
without notice.
GOING EAST
where are
tomorrow’s
opportunities?
SALON I
LOGISTICS
IN ROMANIA
by land
or by sea?
SALON III
LOCAL
PARTNERS
OR DIY
how to invest
in turkey?
BÜYÜKADA
CHARLES CRUDEN
solicitor
GIDE LOYRETTE NOUEL
LIONEL BOTBOL
managing director
UBS
AREF LAHHAM
managing director
ORION CAPITAL MANAGERS
MARTIN SABELKO
ceo central | eastern europe
ING REIM CEE
CSABA SPOTTLE
cee acquisitions manager
PRAMERICA
RICHARD VAN OVOST
director international re
MN SERVICES
OBIE MOORE
managing partner
SALANS
BRIAN DELGADO
associate director
GE REAL ESTATE
CLAUDIUS FERENTZ
managing director
INVESTKREDIT BANK ROMANIA Obie Moore Brian Delgado Claudius Ferentz
HAKAN EREN
country manager
HSH REAL ESTATE
CEVDET CANER
founder & ceo
LEVEL ONE CAPITAL
MURAT ERGIN
general manager
KUZEYBATI
ZAFER ERGÜVEN
executive vice president
KREA REAL ESTATE
DR FRITHJOF FUCHS
partner
ERIA PARTNERS
THOMAS HOELLER
executive board member
PRAMERICA
CANSEL TURGUT YAZICI
general manager
TSKB
IBRAHIM ÖZTOP
ceo
DEVELOPMENT CAPITAL
MANAGEMENT
ÖZGE ÜLKÜ
director asset selection turkey
RODAMCO EUROPE
Charles Cruden Lionel Botbol
Martin Sabelko Csaba Spottle
Hakan Eren Cevdet Caner Murat Ergin
Zafer Ergüven
Aref Lahham
Richard van Ovost
Thomas Hoeller Cansel Turgut Yazici

... as if an
after-dinner
conversation
in one’s
own
living room.
INVESTING
IN CEE
does value
come from
deal sourcing
or execution?
HEYBELI
REAL ESTATE
IN THE BALTICS
searching for a
hidden gem?
BURGAZ
GOOD ASSET
MANAGEMENT
how much
can it boost
returns?
KINALI
TUESDAY 27 NOVEMBER 12H00-13H15
ALEXANDER PAPAGEORGIOU
ceo
ASSOS CAPITAL
LAMBROS
ANAGNOSTOPOULOS
president & ceo
SECURE INVESTMENTS
EMMANUEL BLOUIN
executive director
MORGAN STANLEY
VAN STULTS
managing director
ORION CAPITAL MANAGERS
GREG TOBIAS
managing partner
OCEAN ATLANTIC
GUNDARS BOJARS
chairman of the board
NEW EUROPE REAL ESTATE
TOMAS BUCAS
director
INRED
ARDI ROOSIMAA
md estonia
COLLIERS INTERNATIONAL
EVA DOYLE
partner
KPMG CZECH REPUBLIC
TATIANA COHEN
director asset management
GLL REAL ESTATE PARTNERS
SABINE HEISS
general counsel
IMMOFINANZ
LEO MOROZOV
IMMOEAST
Alexander Papageorgiou Lambros Anagnostopoulos Emmanuel Blouin
Van Stults
Greg Tobias
Gundars Bojars Tomas Bucas Ardi Roosimaa
Eva Doyle Tatiana Cohen Sabine Heiss
Leo Morozov

2007 DISCUSSIONS
14h45-16h00
All material
throughout
this program
is subject
to change
without notice.
PROPERTY
IN BELGRADE
overlooked
or little to see?
SALON I
HOLIDAY HOMES
IN TURKEY
next eldorado
for developers?
SALON III
CEE/SEE
where have all
the yields gone?
BÜYÜKADA
POLAND
what strategy in
a maturing
market?
HEYBELI
DIMITRI KYRTSIS
managing partner
NOVATERRA PROPERTIES
ALISON ANDREWS
president
ARROWTRACK
MANOLIS KTISTAKIS
partner
NOVATERRA PROPERTIES
DEJAN RACIC
ceo
DELTA INVEST
GVAPO TRIPINOVIC
advisor
SIEPA
ORHUN KARTAL
board member
KAYI REAL ESTATE
MURAT AFSAR
board member
KONUTVIZYON
RAMADAN KUMOVA
general manager
EROGLU GROUP
GUNIZ CELEN
president
ÇELEN STRATEGIC
INVESTMENT SOLUTIONS
ILHAMI AKKUM
vp real estate
TAIB BANK
BADEGÜL ALBAYRAKTAR
business development manager
EMAAR TURKEY
CEM ALFAR
general manager
FORUMINVEST TURKEY
SEFIK BIRKIYE
ceo
VIZZION EUROPE
METIN GÜVENER
chief executive
FINANCIAL DIMENSIONS
ANNA LENGIEWICZ
partner
LENGIEWICZ WRONSKA
BEREZOWSKA & PARTNERS
CARLOS DE LEÓN
member of management board
ACCIONA NIERUCHOMOSCI
DOROTA KOBYLECKA
partner
LENGIEWICZ WRONSKA
BEREZOWSKA & PARTNERS
SANTIAGO MAS MARTINEZ
director area poland
ACCIONA NIERUCHOMOSCI
Dimitri Kyrtsis Dejan Racic
Orhun Kartal Murat Afsar
Ramadan Kumova
Guniz Celen Ilhami Akkum Badegül Albayraktar
Cem Alfar
Anna Lengiewicz Carlos De Léon
Santiago Mas Martinez
Sefik Birkiye Metin Güvener
Dorota Kobylecka

MIXED USE
IN TURKEY
short boom
or long-term
solution?
BURGAZ
FINANCING IN
EASTERN
EUROPE
how much
is the premium?
KINALI
THE GRI
INVITES...
senior industry leaders
that might find it useful
to chair a discussion
at any of it’s GRI 2008
events to contact:
Ronny Gotthardt
GRI Director
ronny.gotthardt@globalrealestate.org
TUESDAY 27 NOVEMBER 14H45-16H00
ELIF EGELI-NISANCI
vp business dev. turkey
JONES LANG LASALLE
ERTAN DAL
managing partner
TAURUS EURASIA
RICHARD DAVIES
director, turkey
JONES LANG LASALLE
ARKAR LATT
board member
TURNER | PRO^GE
PARTNERSHIP
OYA NARIN
chairman of the board
MARTI GYO
FULVIO ORLANDO
associate director
ROYAL BANK OF SCOTLAND
MARTIN ERBE
md, head of cee
WESTDEUTSCHE
IMMOBILIENBANK
KAMIL KOSMAN
chairman group real estate
ERSTE BANK GROUP
SURINDER SETH
head of representative office
INVESTKREDIT
Elif Egeli-Nisanci Ertan Dal Richard Davies
Fulvio Orlando
Surinder Seth
Martin Erbe Kamil Kosman

SENIOR PARTNER PARTNER
Carla Giannini Graham Langlay-Smith Witsard Schaper
Carla Giannini
Managing Director
Tel: +44 20 7883 2433
carla.giannini@credit-suisse.com
Graham Langlay-Smith
Director
Tel: +44 20 7883 2511
graham.langlay-smith@credit-suisse.com
Witsard Schaper
Vice President
Tel: +44 20 7883 2571
witsard.schaper@credit-suisse.com
DLJ Real Estate Capital Partners
DLJ Real Estate Capital Partners (“RECP”) is a real estate opportunity fund business
sponsored by Credit Suisse.
Headquartered in New York, with offices in London, Mumbai, Tokyo and Los Angeles, RECP
has a dedicated team of investment professionals focused on opportunistic real estate
investments throughout the world.
Since its formation in 1995, RECP has invested in a wide range of property assets with a
gross transaction volume of $12 billion. Investments included single assets, portfolios,
development opportunities, majority and minority stakes in real estate companies and
distressed debt.
RECP targets high-quality properties and operating companies with strong real estate
fundamentals, attractive risk/return profiles, and value creation potential. These opportunities
encompass a range of transactions including asset repositionings, capital market dislocations,
government and corporate divestitures, distressed debt and development opportunities.
RECP has repeatedly and successfully capitalized on these types of opportunities throughout
multiple market cycles and the RECP funds are highly diversified by property type, geography
and investment strategy.
The RECP investment portfolio currently includes offices, industrial and logistic properties,
regional shopping/leisure centers, large-scale multi-family properties, development projects,
luxury and limited-service hotels, as well as investments in real estate-related companies in
the development, mortgage lending, warehouse, logistics and assisted-living businesses.
Credit Suisse is one of the world’s leading banks with an integrated global real estate
franchise encompassing real estate investment banking, structured financing, research
and private equity.

SENIOR PARTNER PARTNER
Okan Altug Maruf Dindar Tulay Kaya
Erdem Selim
Okan Altug
Managing Partner
Tel: +90 212 216 7700
okan.altug@daruma.com.tr
Kerim Basar
Maruf Dindar
Partner, Domestic Business Development
Tel: +90 212 216 77 00
maruf.dindar@daruma.com.tr
Tulay Kaya
Partner, Financial Analysis & Structuring
Tel: +90 212 216 7700
tulay.kaya@daruma.com.tr
Erdem Selim
Assistant Vice President, Financial Analysis & Structuring
Tel: +90 212 216 7700
erdem.selim@daruma.com.tr
Kerim Basar
Assistant Vice President, Real Estate Finance
Tel : +90 212 216 7700
kerim.basar@daruma.com.tr
Buyukdere Cad. No:100 Maya Akar Center Kat:27
Esentepe 34394 Istanbul – Turkey
Tel: +90 212 216 77 00
Fax: +90 212 216 2111
www.daruma.com.tr
Headquartered in Istanbul, Daruma is the leading independent Corporate Finance Firm
providing debt financing advisory and equity financing / M&A advisory services to companies
in Turkey, Bulgaria, Romania and India. With 38 professionals on board and liaison offices in
Bucharest and Sofia, Daruma has completed more than US$ 2 Billion worth of transactions
since 1998.
Daruma provides medium to long term structured financing facilities from Capital Goods
Finance to Asset Based Facilities, from Working Capital Loans and Commodity Finance to
Senior Loans for Commercial Real Estate Financing, to Mezzanine Finance and to Receivables
Financing under debt financing advisory services.
Daruma also has extensive experience in equity transactions and offers a wide range of
equity finance services in terms of advisory to M&A transactions, strategic partnerships and
private placements.
Thanks to strong track record, Daruma has vast experience and know-how in its core Turkish
market and has been able to originate high quality and sustainable deal flow through its
strong business development. Deal origination, financial analysis and deal structuring
(financial and legal structuring unique to each client) capabilities allow Daruma to be a deal
maker and help its vision to become a leading regional Corporate Finance House and a onestop-shop
for its clientele.
Daruma has been active in the Real Estate market since 2004 providing equity and debt
financing to greenfield projects as well as existing assets. Depending on the size, type and
requirements of the project, Daruma offers custom made solutions with flexible payment
plans for the financing needs of its clients:
- Long term senior loans for construction financing of commercial or mixed use projects
- Long term senior loans for refinancing of completed and revenue generating commercial or
mixed use projects.
- Medium term mezzanine finance for the construction financing of commercial, residential or
mixed use projects.
In addition, as a result of its extensive investor and client network along with its significant
experience, Daruma is proficient in:
- Identifying and bringing the most fitting investor and project together
- Providing creative transaction structures for the benefit of its clients for equity transactions
in the real estate market.

SENIOR PARTNER PARTNER
Bernd Knobloch
Bernd Knobloch CEO
Markus Leininger Head of Corporate Banking Northern & CEE
Cenk Arson Representative for Turkey
EUROHYPO AG
Helfmann-Park 5
65760 Eschborn
GERMANY
Tel: +49 (0)69 25 48-0
Fax: +49 (0)69 25 48-8 20 48
EUROHYPO
Kanyon Ofis Blogu Kat:3 Buyukdere Caddesi No:185
34394 Istanbul
TURKEY
Tel: +90 212 317 22 00
Fax: +90 212 317 22 10
info@eurohypo.com
www.eurohypo.com
Markus Leininger
Cenk Arson
The German based Eurohypo AG, Eschborn, is the leading specialist bank for
commercial real estate and public financing. The Bank is an important member
of the Commerzbank group with focused client groups and a diversified global
reach. Its most important value leverage is relationship banking. Therefore
Eurohypo acts worldwide as a non-opportunistic provider. With this strategy
the Bank fulfils customer wishes as a “house bank” for commercial real estate
finance. The conjunction of real estate financing and investment banking in
the commercial real estate business as well as in public finance and a broad
international network stand behind Eurohypo’s strength.
This is why the Bank has an excellent position in the global market. In order
to arrive at the optimal tailor made solutions, all state-of-the-art advisory and
financing instruments are utilised: For professional clients Eurohypo offers
the entire added value chain in complex real estate financing transactions
worldwide, covering traditional loans business as well as real estate investment
banking –e.g. securitization (where Eurohypo is Europe’s leading bank), advisory
and mezzanine finance. Eurohypo’s size facilitates the underwriting of largevolume
loans enabling the bank being one of the lead managers for syndicated
loans in Europe.
The Bank is a real global player with presence in nearly every European
country, the leader in European real estate investment banking and one of the
top-players in the USA. Eurohypo has also established its corporate finance
business in the Asia/Pacific region as well as in Mexico. Overall, around three
quarters of the new business was attributable to international activities in the
real estate segment. In Public Finance, almost 58% of new business stem
from countries outside Germany. The pace of expansion is driven by the Bank’s
business partners; Eurohypo moves into markets alongside with clients as a
global operator.
In public sector financing, with tailor-made capital market products,
structured loans and private placements, Eurohypo is an important partner
for governments around the world. The Bank is also a major bond issuer and
the market leader in the Jumbo-Pfandbrief segment. It has a wide range of
refinancing options with a worldwide access to the capital markets.

SENIOR PARTNER PARTNER
Hakan Kodal
Hakan Kodal
President & CEO
Tuana Yazici
Marketing Manager
tyazici@krea.com.tr
Tel: +90 212 353 11 11
Fax: +90 212 353 11 15
Krea Group
Büyükdere Caddesi No.185
Kanyon Ofis Blogu Kat.3
Levent – Istanbul
TURKEY
www.krea.com.tr
Bosphorus Real Estate Fund has been incorporated the participation of one of the world’s
leading investment banks Merrill Lynch’s GPI group and Krea Real Estate, which was founded
by Turkish leading team of real estate developers. Differentiating from other real estate
investment funds Bosphorus Real Estate Fund has the ability to act as both an investor and
project developer thanks to Krea.
Merrill Lynch is one of the world’s leading wealth management capital markets and advisory
companies with offices in 37 countries and territories and total client assets of approximately
$1.6 trillion. It is the first overseas bank with major investment banking presence in Turkey.
Merrill Lynch Global Principal Investments (GPI) is the anchor investor in Bosphorus Real
Estate Fund and manages the fund with Krea.
Krea Group is the local operating partner of Merrill Lynch GPI, acting as investor, project
developer, fund manager and investment adviser in Turkey. The group is active in various
segments of the real estate market including shopping centers, retail parks, residential,
summer homes and mixed-use projects. Krea Group aims to be the best in its field of
activities in Turkey through its subsidiaries: Krea Real Estate (development), Reval (shopping
centre management and leasing) and Bosphorus Real Estate Partners & Managers, a JV with
Merrill Lynch GPI.
Krea Professionals have developed and/or been involved in the development of 25 different
projects so far allows Krea Group to gain a differentiated and superior position at the sector.

SENIOR PARTNER PARTNER
Pierre Cherki Chris Papachristophorou Jon R. Thompson
Pierre Cherki
Co-Chief Executive Officer, RREEF Europe
Tel: +44 (0) 20 7547 5374
pierre.cherki@rreef.com
Chris Papachristophorou
Co-Chief Executive Officer, RREEF Europe
Tel: +44 (0) 20 7547 5373
chris.papachristophorou@rreef.com
Jon R. Thompson
Head of European Client Relations
Tel: +44 (0) 20 7545 0206
jon.thompson@rreef.com
www.rreef.com
RREEF Real Estate and Infrastructure acquires and manages investments in
commercial and residential property, real estate securities and infrastructure on
behalf of its institutional and private clients worldwide. Its product offering is global
and comprehensive, including core, value-enhanced and opportunistic property
investments as well as investments in publicly traded real estate securities.
RREEF Real Estate and Infrastructure are part of RREEF Alternative Investments,
the alternative investments business of Deutsche Bank’s Asset Management
division. RREEF Alternative Investments consists of four businesses: Real Estate,
Infrastructure, Private Equity and Hedge Funds. Headquartered in New York, RREEF
Alternative Investments employs more than 1,400 investment professionals in 17
cities around the world to help investors meet a wide range of objectives – from
diversification, to preservation of capital, to long-term performance. Named the
world’s largest alternative investments manager in Watson Wyatt’s Alternative
Survey, September 2006, RREEF has �64.4 billion in assets under management
worldwide as of 30 June 2007.
Investment Philosophy
Around the world investment success in real estate and infrastructure is, and
always will be, driven by local market knowledge.
At the foundation of RREEF are regional building blocks comprised of experienced
professionals making property investment decisions in the major markets around
the world. The firm offers the benefit of substantial operating experience in our
local markets and a demonstrated track record in delivering value to our clients.
The firm’s long-standing presence in property markets globally is a testament to
versatility and the ability to capitalise on opportunities presented in the highs and
lows of market cycles.
Managing Strategies Across the Real Estate Spectrum...
RREEF acquires and manages investments in commercial and residential property,
real estate securities and infrastructure investments on behalf of its clients
worldwide.
Our strategies include:
• Core, value added and opportunistic property investments
• Investments in publicly-traded real estate securities
• Structured debt investments
• Infrastructure investments, including transportation and energy distribution assets
...and Around the Globe
RREEF’s regional investment teams have long track records of making private
and public investment decisions in the major markets around the world.
Europe: RREEF has provided real estate investment products and management
services to institutional and private clients throughout Europe for more than 36
years.
Asia Pacific: RREEF has been an active investor in the Asia Pacific region since
1997, investing in core, core plus, value added and opportunistic strategies.
In addition, RREEF has a strategic partnership with one of Australia’s largest
real estate fund managers, managing both listed and unlisted funds that own
properties in Australia, New Zealand and the US.
North America: Founded in 1975, RREEF North America has expertise in all major
institutional property types including retail, industrial, office and residential. We
have more than 400 institutional and private clients.

SENIOR PARTNER PARTNER
Erdinc Varlibas
Erdinc Varlibas
CEO
Tel: + 90 216 5743000
Fax: + 90 216 5741490
Degirmenyolu Cad. Cetinkaya Sok.
No:26 Icerenkoy 34752 Istanbul/TURKEY
www.varyap.com
A business leader VARYAP, established in 1980, is the Real Estate Development,
Construction and Contracting company of VARLIBAS GROUP INTERNATIONAL holding company,
active besides in real estate development and construction, manufacturing, IT and health
industries in Turkey. The main focus of VARYAP’s real estate development operations is on
construction and contracting. The company has branches in Ankara, Izmir, Trabzon and Hatay,
with its Headquarters set in Istanbul, Turkey’s financial center. VARYAP operations go beyond
Turkey’s boundaries as the company has joint operations in various countries, namely Italy,
England, Greece and the United States.
VARYAP’s technical experience, expertise and executional excellence model enables the
company to develop, design, undertake, construct real estates; as well as handling financing,
marketing and sales operations. The company embraces a corporate approach in real estate
projects such as residences, shopping malls and offices; and offers the most advantageous
options for consumers through market analysis, feasibility, architectural selections and
financing models.
VARYAP is currently co-constructing the Uphill Court Atasehir and Uphill Court Bahcesehir,
one of the biggest housing projects in Turkey with 2.500 luxury condominiums, shopping
and leisure centers. VARYAP incorporated the prestigious mix-use Izmir Project consisting
of a high-class hotel, shopping mall, office tower and residences as well as a shopping
mall project in Pendik, Istanbul, two residence projects in Mugla Bodrum and two grand
residence projects in Istanbul, in its 2007 investment plan. The company is at the same time
the appointed undertaker of the Istanbul Hall of Justice, the project of building is one of the
biggest courthouse complex in the world by the Ministry of Justice of the Turkish Republic.
VARYAP gives great importance to quality systems and its integrated management system
assembles ISO 9001 Quality Management System, ISO 14001 Environment Management
System and OHSAS 18001 Health and Safety Management System. The requirements of all
these systems are met simultaneously.
VARYAP is a member of Dun & Bradstreet Database (D&B), Turkey Contractor Association
(TMB), Foreign Economic Relations Board (DEIK), Association of Real Estate Investment
Companies (GYODER).

PARTNER SENIOR PARTNER
Karl Wilson Senay Azak-Matt Christian Nickels-Teske
Karl Wilson
General Manager, Central Europe and Russia
Tel: +48 22 5449060
karl.wilson@aareal-bank.com
Senay Azak-Matt
General Manager Turkey
Tel: +90 212 349 02 00
senay.azak-matt@aareal-bank.com
Christian Nickels-Teske
Director, Real Estate Structured Finance – Logistics Finance
Tel: +49 611 348 2635
christian.nickels-teske@areal-bank.com
Aareal Bank AG
Head Office
Paulinenstrasse 15
65189 Wiesbaden, Germany
Tel. +49.611 348 2319
Fax: +49.611 348 3063
E-mail: aareal@aareal-bank.com
Aareal Bank AG, headquartered in Wiesbaden, Germany, is one of the leading
international property specialists. We are active across three continents.
Based on our successful European business model, we have developed similar
platforms in North America and Asia/Pacific. We provide property financing
solutions in more than 25 countries. Our clients are domestic and international
investors.
Our business model comprises two core business divisions.
Traditionally, Structured Property Financing has been our core competency. Our
strength lies in our specialised experience in real estate finance combined with
local market expertise. Besides local experts, we have at our disposal specialist
teams for logistics, retail property and hotel financing packages. Our teams
consist of real estate bankers with extensive international experience within
their respective industry. This combination enables us to offer the best possible
financing concepts, designed to meet the specific requirements of our clientele
around the globe.
We have established ourselves as an active and reliable issuer of Pfandbriefe
and senior unsecured and subordinated debt in the capital markets. To reach
a broad investor base, we offer benchmark notes or private placements,
structured or plain vanilla, in all liquid currencies. We use as well the transfer
of credit risks in the capital markets by means of securitisations, true sale
placements and syndications, which are conducted by our Credit Treasury unit.
Our Consulting/Services division offers a comprehensive range of services for
managing residential property portfolios and processing payment flows for the
institutional housing sector. We also focus on the development and support of
IT services emphasising personal advice and product design to meet our clients’
individual requirements.

PARTNER SENIOR PARTNER
David O’Hara Nicholas Spiro
Tim Wilkinson
David O’Hara
General Director
Tel: +7 495 748 1111
david.ohara@dtz.com
Nicholas Spiro
Director
Tel: +48 22 521 50 00
nicholas.spiro@dtz.com
Tim Wilkinson
Managing Director
Tel: +40 21/310 3100
tim.wilkinson@dtz.ro
DTZ is one of the world’s leading global real estate advisers. We exist to provide
innovative real estate and business solutions worldwide. DTZ is a leading
name in all the world’s major business centres, with over 11000 staff within
its system operating across 140 cities in 45 countries working with clients
throughout the world. Across Europe, DTZ has one of the strongest market
presences of any real estate adviser. Within the Asia Pacific region, DTZ is a
leader in all the main markets of Greater China, Japan, India, South East Asia
and Australia/New Zealand. In the Americas, DTZ Rockwood delivers leading
edge capital markets advice; DTZ also provides corporate real estate services
to multinational corporates through its alliance with The Staubach Company.
Around the world, DTZ professionals advise multinational companies, major
financial institutions, property companies, banks, governments and other public
sector organisations.
DTZ’s transactional business advises on the purchase, sale, leasing and
acquisition of all types of commercial and residential real estate. Professional
advisory services include the management of real estate portfolios, building
consultancy, and valuation as well as capital advice to maximise the value of
real estate as an asset class.
Worldwide, DTZ has a research team of over 200 people tracking and integrating
the market forces and trends that affect our business to provide the bestinformed
solutions for our clients. This includes strategic forecasting and social,
economic, market and business intelligence to public and private sector clients,
enabling a full assessment of impact and risk on their operations. Last year
DTZ was voted the world’s leading Real Estate Research team by EuroMoney
magazine.

PARTNER SENIOR PARTNER
Karim Habra
Karim Habra
Managing Director CEE
Tel: +420 22 595 25 17
karim.habra@ge.com
Karlovo Namesti 10
120 00 Prague 2
Czech Republic
GE Real Estate has over 20 years’ experience in
the European property market and has established
a solid foundation through long-term commitment
to local partners. Today, over 460 real estate
professionals operate from seven regional offices
across Europe, involved in 42 joint venture
partnerships. The business in Europe currently has
direct investments of �14 billion, representing a
�16 billion portfolio of underlying assets.
We leverage our knowledge and capital strength
to develop the most effective financial solutions,
measuring each transaction as a critical component
in building a successful portfolio. We have a broad
range of products across the capital spectrum - from
100% equity acquisitions, equity joint ventures,
debt products, sale and leasebacks and corporate
ICKM Real Estate
�100 million joint venture
acquisition, Czech Republic
Acquisition of ICKM Real
Estate, a high quality
portfolio of residential
developments in the
Czech Republic, in a joint
venture with Crestyl.
Central & Eastern Europe
Warehouse Developments
�175 million, joint venture
acquisition, Romania
Joint venture with Helios-
Phoenix to undertake
the acquisition of 7
distribution warehouse
developments. This marks
GE Real Estate’s first
entry in Romania
property solutions; we build strong partnerships
to help us execute on these capabilities.
Key facts about GE Real Estate Central &
Eastern Europe:
• Present in Europe since 1999 with a team
of 50 professionals
• �2.4 billion worth of assets
(acquisitions and developments)
• Investments in Bulgaria, Czech Republic, Hungary,
Poland, Romania, Slovakia and Turkey
• Expanding in Baltic States and Russia
• Investments in retail,office, industrial and
residential assets
• Recognized as the leading investor in
Non-Performing Loan portfolios in the region
(total investment of �200 million)
Ronson Development Group
�25 million, Poland
Acquisition of a 21%
equity interest in Ronson
Development Group, a
leading developer of
residential housing in
Poland.
Carrefour Shopping Centres
�90 million leveraged
equity joint venture,
Czech Republic
Aquisition of an 80% stake
in four Czech shopping
centres developed and
owned by TK Development
providing 94,000m 2
of retail space. Joint
acquisition with Heitman
Central Europe Property
Partners II.
Casino Hypermarkets
�555 million 100% equity
portfolio acquisition, Poland
Acquisition of 16
hypermarkets from
Groupe Casino totaling
approximately
340,000m 2 , to be
operated by Real
hypermarket (part of
Metro AG).

PARTNER SENIOR PARTNER
Orhun Kartal Hakan Kabalak Mehmet Hurbas
Orhun Kartal
Member of Board
orhun@kayi.com.tr
Hakan Kabalak
Member of Board
hkabalak@kayigm.com
Mehmet Hurbas
General Manager
mhurbas@kayigm.com
Emirhan Cad. Barbaros Plaza Is Merkezi
No: 145 C Blok Kat: 5 Dikilitas / Istanbul Turkey
T: +90 212 261 15 00
F: +90 212 261 15 06
www.kayigm.com
Kayı Real Estate Investment Co. is established in 2006 with the experience and knowledge
of Kayı Construction which has 15 years of experience in construction sector. Kayı Real
Estate Investment Co. is operating in the developing real estate sector of Turkey and with its
young and dynamic staff; it is adopting corporate values and always focusing on quality and
customer satisfaction.
Kayı Real Estate is aiming to create modern projects for contemporary living spaces by
developing diverse architectural solutions with the last technology, adopt requirements and
expectations of customers and investors.
Reference Projects:
Completed Projects;
Maksimum Residences
(Location: Ulus, Istanbul-Turkey, Total Area: 6.500 m2, Date of Completion: December 2006)
Maksimum Residences comprise indoor and outdoor swimming pools, fitness center, sauna,
movie theater, indoor-outdoor parking areas, social facility area for special invitations and
parties, and a security area both for the apartments and entrance.
Ulus Maksimum Residences offer a luxurious life with its architectural design, quality, unique
location and very special apartments that reflect excellence of work.
Ongoing Project:
Ka Green Residences
(Location: Halkali, Istanbul- Turkey, Total Area: 38.790 m2, Date of Start: June 2006)
The Residence complex is located in ex-industrial, newly developing suburb of Halkali and
designed as 7 blocks that consist of 340 apartments. Ka Green Halkalı Residences, located
10 minutes from the Atatürk Airport and 5 minutes from the Olympic Stadium offer its
residents peaceful living quarters environed with green, with its aesthetic landscaping, its
social facilities including a tennis court, volleyball and basketball courts, play grounds, indooroutdoor
swimming pools, fitness center, indoor-outdoor parking areas and 24 hour security
system.
New Project:
Ka Golf Villas
Ka Golf Villas and apartments are located in Belek-Turkey; newly developing golf and tourism
center of Mediterranean region.
Kayı Real Estate is now bringing a new project which will enable its residents an aesthetic and
comfortable life.
Maksimum Residences Ka Green Residences Ka Golf Villas

PARTNER SENIOR PARTNER
Gheorghe Musat Mona Musat
Gelu-Titus Maravela Miruna Suciu
Gheorghe Musat - Managing Partner
Corporate Mergers & Acquisitions,
Banking & Finance
Tel: +40 21 202 59 01
musat@musat.ro
Mona Musat - Partner
Real Estate & Construction,
Corporate Mergers & Acquisitions,
Restructuring & Insolvency
Tel: +40 21 202 59 06
mona@musat.ro
Gelu-Titus Maravela - Partner
Mergers & Acquisitions,
Real Estate & Construction,
Litigation & Arbitration
Tel: + 40 21 202 59 13
gelum@musat.ro
Miruna Suciu - Partner
Corporate Mergers & Acquisitions,
Banking, Finance & Capital Markets,
Energy & Utilities
Tel: +40 21 202 59 05
mirunas@musat.ro
Musat & Asociatii
43 Aviatorilor Boulevard
1st District, Code 011853,
Bucharest, ROMANIA
Tel: +40 21 202 59 00
Fax: +40 21 223 39 57
Website: www.musat.ro
Musat & Asociatii was founded in 1990 and has ever since grown to become the leading
independent law firm in Romania and one of the largest in Eastern Europe. With a current
size of over 80 lawyers, all admitted to the Bucharest Bar Association, and counting other
40 fee earners, Musat & Asociatii is the largest, fastest growing and most dynamic law firm
in Romania. Musat & Asociatii’s name stands for a high level of expertise and experience in
business matters, having acted for over 15 years in the benefit of internationally sound banks
and other financial institutions, multinational businesses, venture capital funds, as well as for
major Romanian public and private companies and government agencies.
The firm displays a broad and balanced expertise in all areas of business activities, being
an undisputed market leader in the fields of corporate and project finance, banking and
capital markets, mergers & acquisitions, privatisation, real estate & project development,
energy, communications & IT and competition. Areas of particular expertise include aviation,
insurance, shipping, intellectual property, environment, employment and pensions. Musat
& Asociatii also has excellent litigation resources, extending to dispute management and
arbitration, and wide-ranging expertise on tax matters.
With a Real Estate & Construction team that has advised in 2006 transactions valued over
EUR 2.0 billion, Musat & Asociatii’s practice in this field is acknowledged as being one of the
most significant in the region. The firm has gained an unparalleled reputation in developing
innovative approaches to real estate transactions, its substantial expertise spanning from
real estate acquisitions to property development and sale. In addition, Musat & Asociatii’s
in-depth knowledge of international and internal financial mechanisms linked to real estate
transactions, as well as security title ramifications related to property, has constantly proved
to be a feature of utmost value to its clients.
The firm advised on greenfield projects from hotels to residential and commercial
constructions as well as on large projects relating to concession of public property, offering
complete legal service to the real estate & construction industry, including founders,
developers, contractors and professionals. Such services include, amongst others,
performance of detailed audits, advice on compliance with local legislation including
permitting requirements and assistance with respect to a wide range of agreements shaped
on various complex transaction structures.
The firm’s impressive has lead Chambers and Partners, a well known world-wide guide of
the legal profession, to qualify Musat & Asociatii as “this indefatigable Romanian giant
[which] retains an impressive list of corporate clients and virtually unparalleled contacts with
government agencies” while commending the firm for “its impressive business attitude and
the energy and time it devotes to clients”.
The British publication Practical Law Company (PLC) – Which Lawyer Romania has recently
placed Musat & Asociatii at the top of its ranking of the business law firms in Romania,
being the only law firm that received twice the highest qualification as leading firm in Mergers
& Acquisitions and Dispute Resolution, while in areas such as Banking & Finance, Energy,
Telecom, Tax, etc., Musat & Asociatii received “highly recommended” qualifications.
During the first edition of the Romanian Legal Awards, organized in 2007 by The Diplomat –
Bucharest, Musat & Asociatii received the awards Best legal team – Mergers & Acquisitions/
Corporate, Best deal – Mergers & Acquisitions/Corporate, Best deal – Energy and Best deal
– Banking & Finance.

PARTNER SENIOR PARTNER
Martin Erbe Maciej Tuszynski Christian Parvan
Martin Erbe
Managing Director
Head of Central Eastern Europe
Tel: +49 6131 9280 7056
martin.erbe@westimmobank.com
Westdeutsche ImmobilienBank AG
Große Bleiche 46
55116 Mainz
Germany
Maciej Tuszynski
Executive Director
Head of Real Estate Finance Poland
Tel: +48 22 653 0590
maciej.tuszynski@westimmobank.com
Westdeutsche ImmobilienBank AG
ul. Pileckiego 65
02-781 Warsaw
Poland
Christian Parvan
Director
Origination Romania and Hungary
Tel: +49 6131 9280 7844
christian.parvan@westimmobank.com
Westdeutsche ImmobilienBank AG
Große Bleiche 46
55116 Mainz
Germany
www.westimmobank.com
Westdeutsche ImmobilienBank AG
Partner for real estate financing and real estate transactions
Westdeutsche ImmobilienBank AG (WIB) is one of the leading real estate financers in
Germany. It is a full subsidiary of WestLB AG and the Centre of Competence for all real estate
activities in the WestLB Group.
Consistency and sustained customer orientation set WIB apart. The bank offers specialised,
effective and customised solutions. It bases itself nationally and internationally on the
requirements of its customers and adapts its portfolio of sophisticated financing products
worldwide to respond to a wide range of challenges.
WIB supports national and international investors who invest in their local markets and
abroad. Its customers particularly include institutional investors, global developers, real
estate companies, real estate corporates and small and medium-sized companies. On the
German market in particular it works closely with savings banks (Sparkassen) and is also a
financing partner for private customers.
The product portfolio of WIB comprises an individualised and innovative range of products
and services. It is continually proving this with its property and project financing, real estate
structured finance, portfolio financing, real estate joint ventures, consortium financing,
syndications and public private partnerships in particular. It focuses on office, retail and
residential properties, as well as shopping centres, hotels, logistics properties and facilities
for the elderly, healthcare facilities and other public institutions.
The expansion of activities in various countries has pushed up the level of commitment of
WIB and defined its range of products and services.
Reliability, flexibility and quick loan decisions via short decision-making routes give customers
the security of being able to carry through their real estate project with a competent partner.
The bank guarantees this through a comprehensive network and local country-specific
knowledge.
Apart from its headquarters in Mainz, WIB is represented in five other locations in Germany
– Berlin, Hamburg, Düsseldorf, Münster and Munich - and has an international presence with
its branch in London and offices in Madrid, New York, Paris, Prague and Warsaw. The newly
formed subsidiary in Tokyo will become the point of contact for customers in Asia Pacific.
WIB has around 500 employees with a balance sheet total of around EUR 23 billion.

CREATORS
ILHAMI AKKUM
vice president real estate
TAIB BANK
investors • income generating
properties • development projects • gcc
• europe • india • kazakhstan • turkey •
the uk and the us
Ilhami Akkum is a Principal of Acacia Real Estate in Turkey. Founded
in 2006 by TAIB Bank/ Bahrain, Acacia invests in properties in
Northern America, Europe, Gulf, India and Turkey. Ilhami obtained
his degree in Civil Engineering from Bogazici University and MSc from
Istanbul Technical University in Construction Management. After 12
years in construction, he began his real estate career in 1996 with
a residential development project in Istanbul, working for Yapi Kredi
Koray, Finans and TSKB REIT’s in Istanbul. Ilhami obtained his PMP
designation from the Project Management Institute and his Real
Estate Appraiser license from the Capital Markets Board of Turkey.
He lectures at Istanbul Technical University and is fluent in English
and French.
CEM ALFAR
general manager
FORUMINVEST TURKEY
Shopping centers • Turkey •
US$100-500 million • Development •
GLA:60.000-200.000 sqm •
Private-public partnerships
Cem Alfar has joined Foruminvest as the GM of the Turkish
Subsidiary in 2007. He has built his 15 years career on Real Estate
and Retailing. He worked in McDonald’s real estate division. Then,
he become the GM responsible from managing and expanding
Harley-Davidson and Bang & Olufsen brands in Turkey. He continued
his career in German ECE shopping center development group
as the Country Real Estate Development Manager. Before joining
Foruminvest he was holding the position of Real estate Development
Director of Dogan Group of Companies Holding. Foruminvest Turkey
is a developer/investor company actively looking for large scale
shopping center developments in all over Turkey.
OKAN ALTUG
managing director
DARUMA CORPORATE FINANCE INC.
INVESTOR
office• retail/entertainment properties
• residential for rent & sale•
warehouses/light Industrial• hotel •
resorts• infrastrastructure
Okan Altug is the Managing Director of Daruma Corporate Finance,
specialized in Asset Based Finance; Capital Equipment and Working
Capital Finance; Securitization, Project Finance and Commercial Real
Estate Finance, as well as M&A Advisory with track record of more
than USD 2.0 Bln; Corporate Finance advisory in Turkey, Balkans and
India. Mr. Altug has 17 years of experience in Corporate Finance
& Investment Banking, and received BA in Bosphorus University in
Istanbul and MBA from Pace University, New York. He is fluent in
English and French.
BADEGUL ALBAYRAKTAR
business development manager
EMAAR TURKEY
DEVELOPER
Mix-use, Residential, Commercial,
Tourism Developer. Subsidiary of Emaar
PJSC based in Dubai.
Badegül has been in real estate sector for over 12 years mainly in
Koray Group, Stewart International and others prior to joining Emaar
Turkey team as Business Development Manager. Badegül holds a
BSc. degree (Bogaziçi University) in CE. Emaar PJSC is listed on The
Dubai Financial Market since 2000 and is ranked 462nd in the 11th
Financial Times Global 500. It has also assigned A- and A3 ratings,
respectively, by Standard & Poor’s and Moody’s. Now has a presence
in 17 countries worldwide with billion dollar real-estate projects.
AVI ALKAS
ceo
ALKAS CONSULTING
Avi Alkas born in 1956, graduated from Robert College and obtained
his BA and MA business administration degree from Bosphorus
University. After working in Akmerkez, Carousel and Izmit Outlet
Center projects, Avi Alkas established Alkas Consulting in 1997.
Alkas Consulting served projects such as Olivium, Nautilus,
Armada,KayseriPark, Optimum, KoruPark and most recently
IstinyePark. He is a member of the ICSC European Board and
European Jury for the International Council of Shopping Centers from
which was recognized with the title of Senior Certified Marketing
Director (SCMD) and Senior Certified Shopping Center Manager
(SCSM).
LAMBROS G.
ANAGNOSTOPOULOS
president & ceo SCEPSI SA
“secure investments” is a property fund
co-investing in development projects in
southeastern europe.
In 2006 Lambros Anagnostopoulos created SECURE Management in
order to manage “SECURE Investments” funds. In 2000 he set up
LAMDA Development, an Athens listed property developer, and was
CEO until June 2006. Since 1992, he has been a Geneva based
executive of the Latsis Group, directing, among others, the Group’s
global business planning & development. In 1988-1992, he worked
as a management consultant in USA and UK. Mr. Anagnostopoulos is
a graduate of naval architecture, marine and mechanical engineering
from the National Technical University of Athens and he has Master’s
degrees in shipping from MIT and in management from the MIT Sloan
School of Management.

CENK ARSON
representative for turkey
EUROHYPO
Investment banking • Real estate and
public sector financing • member of
Commerzbank group v operating in
Europe-Asia-USA • 250 billion Euro
With 13 years of experience in the banking sector, Cenk Arson (39),
who was previously Head of Structured Finance at AKBANK , the
biggest provider of project finance in Turkey, has taken over the
management of the representative office of Eurohypo. He is tasked
with establishing Eurohypo in the Turkish market and quickly
developing a sizeable portfolio. Cenk Arson holds an MBA (Warwick)
and CFA certificate and is fluent in English. Eurohypo Turkey’s focus
will be on shopping centres and hotels for business travelers as well
as office space and logistics properties, representing the typical
Eurohypo target portfolio when entering the new markets.
CYRIL AULAGNON
region manager cee
CONCERTO DEVELOPPEMENT
Cyril Aulagnon currently heads Concerto Développement’s activities
in CEE Region. Cyril holds a master degree from HEC School of
Management, a bachelor degree from Dauphine University in Paris
in Mathematics and a bachelor degree in Sociology from Sorbonne
University in Paris. Prior to joining the Company, Cyril worked in New
York in financial trading for a bank and worked on investment projects
in Africa for a Madrid-based private company.
BARLAS BALCIOGLU
partner
BALCIOGLU & SELÇUK AVUKATLIK BÜROSU
LAWYER
real estate • shopping centers • hotels
• bank finance • M&A • restructuring •
Turkey • development • construction
Barlas Balcioglu has been a real estate and corporate finance lawyer
for about 10 years. His work has included representing banks in
drafting and negotiating loan agreements; and representing owners,
developers, and investors in connection with the development and
sale of commercial real estate. He also specializes in M&As, joint
ventures, and restructuring. He negotiated and drafted shareholders,
share purchase, consortium, distribution, and asset transfer
agreements.
NEW EUROPE GRI
GUIDO AUDAGNA
managing director
THE CARLYLE GROUP
office • residential •
existing • development
Guido Audagna is a Managing Director responsible for the acquisition
of real estate properties in Italy. Prior to Carlyle, Mr. Audagna was
at BNL Fondi Immobiliari SGR in Milan (subsidiary of BNL Banca
Nazionale del Lavoro Group) as Fund Manager of Italian real estate
funds. Prior to this he worked at REAG Real Estate Advisory Group
(subsidiary of American Appraisal) in Milan and Padua as Area
Manager for northeast Italy. Mr. Audagna studied architecture at
Polytechnic of Turin and holds a graduate degree in town planning and
real estate market from Corep of Turin. Carlyle Europe Real Estate
Partners is dedicated to real estate investments in Europe. The
target markets are France, Germany, Italy, UK, Scandinavia and Spain.
SENAY AZAK-MATT
general manager turkey
AAREAL BANK AG, ISTANBUL REPRESENTATIVE OFFICE
LENDER
international property finance expertise
• across three continents • europe •
north america • asia/pacific •
tailor-made financing solutions
Senay Azak-Matt is the General Manager of Aareal Bank AG/Istanbul
Representative Office, Turkey, graduate from Business Administration
of the University of Applied Science in Kon-stanz/Germany and
Coventry University/England. During her years at Aareal Bank, she
worked for and later managed the Turkish Credit Department and
the Turkish Market. With property financing volumes of approx. �22
billion, Aareal Bank Group enjoys an excellent market position in
property lending business. In Turkey, Aareal Bank was the first
European bank expanding into the commercial real estate market
in 1999. Currently, the bank has a total portfolio volume of �650
million in Turkey.
JÖRG BANZHAF
managing director
ECE PROJEKTMANAGEMENT G.M.B.H. & CO. KG.
Civil engineer studies in Cologne, additional economics studies in
Gummersbach. After having worked for 2 years in the international
department of Philipp Holzmann AG he changed jobs and started
working with Homola AG in 1992, an European-wide consulting firm,
that is specialised in project management and consulting services
for large industrial construction projects. Jorg Banzhaf was managing
director from 1996 - 1999, until he became board member of
Homola AG after a reorganisation in the company. Since 2000 he
has been working for ECE Projektmanagement G.m.b.H. & Co. KG in
Hamburg. Since 2004 Managing Director for ECE International and
responsible for the real estate development in central and eastern
Europe.

CREATORS
DR ORSOLYA BÁRDOSI
senior Associate
GIDE LOYRETTE NOUEL - MOLNÁR & FERENCZY
a member of the Budapest Bar and is a registered Tax Advisor
(certified by the Ministry of Finance). After being a member of Arthur
Andersen’s and Ernst & Young’s tax team, she joined to lead the
tax practice of GLN Budapest in the summer of 2004. For more
than seven years, she has specialised in tax law matters including
tax optimisation, international financing planning, tax litigation, tax
due diligence, health checks and general tax consultancy, and has
extensive experience particularly in the field of tax structuring and tax
authority disputes.
ÖMER BAYATLI
cfo
TAHINCIOGLU GROUP
Ömer Bayatli is the CFO of Tahincioglu Holding and is responsible for
financial management and project development of the real estate
portfolio of Tahincioglu Holding including Palladium Residence and
Shopping Center in Istanbul and Swissotel Grand Efes in Izmir. Mr
Bayatli was previously an investment banker at Citigroup in London
specializing in cross-border Mergers and Acquisitions.
ÖZGÜR BEKIROGLU
head of center management
ECE TÜRKIYE PROJE YÖNETIMI A.S.
shopping centers • development,
management • investment • us$1 billion
investment volume in Turkey •
sector leader
Mr. Ozgur Bekiroglu’s profile: Ozgur Bekiroglu works for ECE Group
since 2000. He managed many shopping centers in Germany, Turkey
and Greece. He still coaches Center Managers both in Turkey and
Greece, and he is the Head of Department for Center Management
in ECE Turkiye. Bekiroglu is fluent both in German and English. ECE
Turkiye, is a joint-venture of ECE Group and General Growth Properties
(GGP). ECE Group is an investor-developer, and manages 90 shopping
centers in 15 countries in Europe. GGP is the second largest USbased
REIT with 210 shopping centers and investments abroad.
DEREK BARKER
managing director
HASKOLL
ARCHITECT
architects/designers • urban design
& masterplanning • shopping centres •
mixed use • international •
leisure & retail • residential
Derek Barker is the Managing Director of Haskoll, Architects and
Designers based in London. Haskoll specialise in shopping centre
and mixed use design across the UK and continental Europe.
Currently consulting on new build, refurbishment and remodeling.
Derek has detailed involvement in the international side of their
design portfolio, which has encompassed working in 25+ countries
over 30 years.
SIMON BAYLEY
chief development officer
TRIGRANIT DEVELOPMENT CORPORATION
PROPERTY COMPANY
retail • office • ppp cultural/sport •
tourism; cee • russia & balkans •
euro 100 mill+ • development
Simon Bayley has been with TriGranit for 8 years and is currently the
Chief Development Officer, responsible for development in the CEE
region (TriGranit has completed Euro 2 billion of projects & Euro 5
billion in its pipeline). Prior to this he has 10 years experience in
finance, has a Batchelor of Commerce, is a full member of ICAA in
Australia and speaks Hungarian fluently. TriGranit is a fully integrated
property developer that focuses on multifunctional projects including
a large retail element of >100,000m2 (5 completed / 5 under
development).
ILARIA BENUCCI
managing director, cee
AIG GLOBAL REAL ESTATE INVESTMENT (EUROPE) LTD
Investment for all its real estate operations in Central Europe , the
Balkans, Russia and Ukraine. Ilaria Benucci has more than 15 years
of business experience in CEE and works on the acquisitions, sales
and development of real estate investments in the region. She joined
AIG on 2006. Prior to joining AIG Global Real Estate she worked for
the European Bank for Reconstruction and Development (“EBRD”)
where she was the Director of the Property Team.

DR THOMAS BEYERLE
director research & strategy
DEGI DEUTSCHE GESELLSCHAFT FUER
IMMOBILIENFONDS MBH
Dr. Thomas Beyerle is the director of Research & Strategy of DEGI
Deutsche Gesellschaft für Immobilienfonds mbH, Frankfurt/Main, the
real estate capital investment company of the Allianz Group. DEGI
has been in the market for over 30 years and is among the leading
property portfolio managers in Germany. Dr. Beyerle has more than
10 years of business experience in international research on the real
estate sector and is also known as author of numerous publications.
JÖRG BITZER
managing director
REDEVCO CENTRAL EUROPE
INVESTOR
investor/developer in more than 20
european countries, primarily retail
considering logistics/office
Jörg has been active in Retail Real Estate for more than a decade
throughout Europe working with Peek & Cloppenburg and Wal-Mart.
In 2005 he joined REDEVCO CENTRAL EUROPE as managing director.
Based in Vienna and Bucharest the company follows the strategy of
“investing where people shop”, developing and investing in retail real
estate in 12 countries in central Europe REDEVCO is a pan-European
company with a current RE portfolio of more than 6.9 bln Euro ,
spread over more than 5 mio sqm, more than 800 properties and
covering more than 2700 lease contracts.
GUNDARS BOJARS
chairman of the board
NEW EUROPE REAL ESTATE LTD.
Gundars Bojars is the Chairman of the Investment Fund New Europe
Real Estate, Ltd which has invested recently more than 100 mln
EUR into the Latvian real estate market. Gundars is an ex-Mayor of
Riga City, under whose supervision a new plan for Riga development
for 2006-2018 was initiated and designed. His previous business
experience included successful management of a big Latvian port and
logistics company. He served as Chairman of the Board of Riga’s
harbour and President of Latvian Association of Big Cities as well. In
addition, Gundars is Member of the Riga City Council currently.
NEW EUROPE GRI
SEFIK BIRKIYE
ceo
VIZZION EUROPE TURKEY
DEVELOPER
European real-estate development and
investment company •
Urban, multifunctional projects •
�600 M invested in 2006-2007
Founder and CEO of the architectural firm Atelier d’Art Urbain and
of VIZZION Europe, Sefik Birkiye endorses the leadership of the
group. For almost 30 years, he has been able to set the highest
quality standards and to establish a reputation for excellence on
the international scene. He is the initiator and a pillar of the group’s
development strategy.
VIZZION Europe’s purpose is to develop HEV-High Environmental
Value real estate project’s in over ten countries.
EMMANUEL BLOUIN
executive director
MORGAN STANLEY
Emmanuel Blouin is an Executive Director at Morgan Stanley Real
Estate in Europe. Emmanuel joined Morgan Stanley in April 2005. In
his position, Emmanuel is involved in a variety of transactions across
Europe (Orco, Multi, RGI, RED, RBI investments - RGI and AFID IPOs).
From 2000 to 2005, Emmanuel was a Vice President within the Real
Estate Investment Banking group of JPMorgan. From 1995 to 2000,
Emmanuel worked at Paribas in the Corporate Finance and Real
Estate groups Emmanuel graduated from HEC in Paris with a major
in Finance in 1995.
DR ARNE BONGENAAR
managing director
ACTEEUM GROUP
DEVELOPER
real estate developer with focus on
retail in turkey • ukraine • caucasus •
project pipeline • 1 billion euro
Since May 2006 Arne (1961) is managing director and co-owner of
ACTEEUM Group, developing shopping centers in Turkey, Ukraine and
Caucasus with a total investment value of over 1 billion Euro. Meinl
European Land and the EBRD are the major investors. From 1999-
2004 Arne managed Ahold Real Estate Central Europe, developing
12 shopping centers. From 2004-2006 Arne was Sales Director for
Multi Development. Arne is an urban geographer and holds a doctors
degree on urban development and public
private partnerships.

CREATORS
FATIH BORA
president
BROOKLYN INVESTMENT ROMANIA
He was responsible for real estate developments in Chisinau
(Republic of Moldova), being awarded South East Investor of the year
by RRT. He has a BS in Civil Engineering at Middle East Technical
University, Ankara (Turkey) and a Thunderbird MBA at The American
School of International Management, Glendale, AZ. Since 2004
he has been a Member of the Board at Summa Romania and the
President of Brooklyn Investment Romania, both corporations
being highly reputed presences on the real estate construction &
development market.
KHALID BOUZERDA
general manager
BABCOCK & BROWN LTD
Khalid Bouzerda is a graduate of the Sorbonne with a degree in
Economics and Political Sciences. Prior to joining Babcock & Brown,
Mr.Bouzerda worked at Bank Gutmann and at the European Bank
for Reconstruction and Development where he focused on the
project financings of major infrastructure projects; including mining,
telecommunications, banking and agribusiness projects.
CEVDET CANER
founder & ceo
LEVEL ONE CAPITAL LTD
Founder and majority shareholder of Level One • purchased and
developed a portfolio of residential real estate in Germany, in excess
of �1.5 billion over the last two years • has financed activities
in Europe on an independent basis • structured and positioned
various capital market transactions including (IPO, venture capital
and convertible bond transactions), block trades, takeovers (both of
private and public companies), project financing.
LIONEL BOTBOL
managing director
UBS INVESTMENT BANKN
Managing Director, Co-head of European Real Estate, Lodging an
Leisure Lionel is responsible for the coverage of UBS Investment
banking activities in the real estate, lodging and leisure sectors
sector in Europe, CEE, CIS and the Middle East. His team is
composed of approximately 25 individuals (ex financing), originating
and executing M&A, Debt and Equity transactions. It is part of a
Global franchise, with more than 100 individuals based in New
York, Sydney, Hong Kong and Singapore. Lionel joined UBS in 2005
after 7 years at JPMorgan. Overall, Lionel has more than 15 years
of experience in the sector, having led more than Euro 80 billion of
transactions across the Region.
TOMAS BUCAS
director
UAB INRED
development & management
• participation in financing •
administration of real estate investment
projects • active in lithuania •
latvia and ukraine
CEO Lund University (Sweden), BA degree in Commercial Law, 1997,
Work experience in the company since 1998. In 2002 promoted to
deputy director of the company. Since 2005 CEO and since 2007
managing director of Invalda Group real estate sector.
LUCA CASTELLI
ceo
AEDES SPA
After being Sales Manager and general Manager of Fadif Sa, a
company promoting real estate investments, he becomes the Italian
branch Director of Healey & Baker, now Cushman & Wakefield. In
1996 he takes up the charge of General Manager in Sopai, a French
investment company; three years later he becomes Managing Director
of the Italian branch and Advisory of the European Board of TMW AG.
From 2000 he is Chief Executive Officer of Aedes S.p.A.

JAVIER CATENA
general manager
CHAMARTÍN INMOBILIARIA
DEVELOPER
retail • offices • residential
development • property & land
management • spain • portugal •
germany • poland • usa (miami) gav
euro 2,454 mln • sales euro 254 m
Javier Catena is lawyer and has been involved in the Real Estate
Business for the past 14 years. Land Developer Manager for
Carrefour Spain. Was General Manager of the Residential Division of
Procom. Is General Manager since 2005 of Inmobiliaria Chamartin.
Inmobiliaria Chamartin is a European Real Estate Developer with
experience in the industry, with more than 150 Real estate Assets
under management/development.
PIERRE CHERKI
managing director
RREEF
Mr. Cherki is a co-CEO of RREEF Europe, based in London. He is
responsible for REOF’s activities in France and Central and Eastern
Europe. Since joining Deutsche Bank, he has completed above 15
transactions with a total investment value of above $2 billion. These
transactions include the acquisition of SELEC, a French subsidiary of
EDF with large residential property holdings, the sale and leaseback
of a commercial portfolio 23 properties in France and the investment
in a number of development joint ventures in the Czech Republic,
Poland, and Russia. Mr. Cherki joined Deutsche Bank in 1997.
MIRCEA CLECIU
general manager
NEOCASA REAL ESTATE
Mircea Cleciu is the founder and general manager of Neocasa Real
Estate Solutions, a Romanian leading full-service real estate company.
Since its foundation back in 1997, Neocasa has developed mutually
beneficial business relationships with companies like BRD Groupe
Société Générale, Romtelecom, AutoItalia, Avia Motors, Henkel,
HVB Bank, Volksbank, KPMG Romania, PricewaterhouseCoopers,
Praktiker, Liebrecht & Wood or Meinl European Land. By being an
active participant in several key European realtor events, Mr. Cleciu
has proven his commitment to transform Neocasa into a well-known
Romanian presence on the European real estate market.
NEW EUROPE GRI
GUNIZ CELEN
president
ÇELEN STRATEGIC INVESTMENT SOLUTIONS
Güniz Çelen, is a Chartered Appraiser and is recognized as one of
the most prominent 1,100 Counselors of the real estate world with
her CRE designation and holds FRICS and MAI designations as well.
The 30 years of extensive and diversified hands-on experience in
construction and investment environments has led to unique knowhow
in residential, commercial, hospitality and industrial development
issues. She continues to speak, and teach for the development of
the appraisal profession.
LEO CIVELLI
ceo reag europe
REAG EUROPE
RE ADVISOR
CEO of REAG Europe and Managing Director of REAG Italy.
Responsible for the coordination and supervision of real estate
related assignments and for the business development of consulting
services. He previously worked with civil contractor firms. He lectures
at the Politecnico of Milan and Turin. He co-operated in several
publications and articles on financial newspapers and magazines. He
is Member of “RICS”(FRICS), Italian mother tongue, fluent in English,
Spanish, Portuguese, French. REAG was established in 1992 (part of
intl. group American Appraisal) with the precise scope of offering to
its clients professional advice and consultancy, in order to optimize
the management of the real estate and territorial patrimonies.
Differentiation and continue updates of the offered services, in line
with sector development are cornerstones of REAG success.
TATIANA COHEN
director asset management
GLL REAL ESTATE PARTNERS GMBH
INVESTOR
Tatiana Cohen has joined GLL in 2005 from Lehman Brothers,
where she was focusing on derivative fixed income products and
Emerging Markets. Presently, she is Director of Asset Management
at GLL and is based in Munich. Ms Cohen has extensive real estate
industry experience in the areas of investment and development.
Prior to Lehman Brothers, she was with Deutsche Bank and
PricewaterhouseCoopers Real Estate Advisory Group in New York.
Ms Cohen is a chartered accountant and holds an MBA degree from
Harvard Business School.

CREATORS
ERTAN DAL
managing partner
TAURUS EURASIA
Ertan Dal is the managing partner of Taurus Eurasia A.S., the
latest Taurus family member. Taurus Eurasia, started its activities
in September 2006. Before joining Taurus, Ertan established the
first PPP Waste Management and Waste-to-Energy project in Ankara.
Some of Ertan’s notable projects are the Euro Migration of Swiss
Life Insurance Company, Management Accounting system for the
UBS Group companies and the conception and implementation of
the Swiss Life Asset Management system. Ertan started his first
business at age 26 in Information Technology Consulting, Integration
and Development Services for Financial Institutions. Ertan is a
graduate of the Business School of Zurich and has a MBA from
International Business School, Zurich.
RICHARD DAVIES
director, turkey
JONES LANG LASALLE
JLL has been involved in real estate activities in Turkey since 1999
and Richard took responsibility for this business this year. He was
involved in the acquisition of Cevahir shopping centre and is now
responsible for the management and leasing of the centre. Prior to
Turkey, Richard has assumed key managerial positions at JLL since
he joined in 1998. He was responsible for the management and
coordination of 50 shopping centers in the UK and was a Board
member of the UK Management Services Group where he played
a key role in strategic planning. Richard also worked in the JLL’s
Americas Retail Headquarters in Atlanta. He was the pioneer figure
to introduce Specialty Leasing to the UK.
CARLOS FELIPE DE LEÓN
member of management board
ACCIONA NIERUCHOMOSCI
INVESTOR
Carlos de Leon has been an Economic Director and a Member of the
Management Board since 2005. He supervises Administration, Sales,
Marketing and IT Department. Over the past 10 years he has worked
in Equity Investments Departments of several Polish banks , such
as Citibank or BGZ. He was involved in preparation of fundamental
analyses, company reports, financial projections, valuation of
enterprises , dealing i.a. with real estate projects. As a Member
of the Management Board, he participates in pre-investments
analyses, negotiations with companies and purchases. He also
oversees several constructions realization in Warsaw, both residential
development and office market.
ZISIMOS DANILATOS
international development director
LAMDA DEVELOPMENT S.A.
INVESTOR
real estate • greece • see • shopping
& leisure centers • office buildings •
residential complexes
Zisimos Danilatos has been with LAMDA Development S.A. for five
years where he holds the position of International Development
Director, having been project leader for all of the company’s
international real estate investments. His prior experience includes
project manager positions at Ove Arup & Partners International Ltd.
in London, Depa S.A. and Conetal Ltd. He is a Civil Engineer having
graduated from the National Technical University of Athens (Metsovio)
and holds an M.B.A. from the City University Business School. He is
fluent in English and Greek (mother tongue) and also speaks French.
LAMDA Development is a real estate investment firm developing large
mixed-use & residential complexes in S.E.E.
SIMON DAYES
partner
CMS CAMERON MCKENNA SCA
syndicated finance • project finance •
restructuring south east europe
Simon is an English lawyer heading up CMS Cameron McKenna’s
Banking and International Finance Group in South East Europe.
Resident in Bucharest and specialising in syndications, project
finance and restructuring, Simon has spent ten years advising
banks in cross-border finance into SEE, including project finance in
energy, natural resources and transport. As well as in real estate
finance, our Banking and International Finance Group in Romania
advises banks in asset and project finance (in both public and private
sectors), acquisition finance and LBOs.
YANNIS DELIKANAKIS
founder and partner
BLUEHOUSE DEVELOPMENT SA
Yannis Delikanakis, Founding Partner, Bluehouse Capital. Bluehouse
Capital is a real estate investment firm with a strong presence in
South Eastern Europe and offices in Cyprus, Bucharest, Sofia and
Athens. Prior to this, Mr. Delikanakis served for five years as the
General Manager of real estate for the Technical Olympic Group and
as Executive Vice President and Executive Vice Chairman of the NYSElisted
homebuilder Technical Olympic USA, Inc.

MARUF DINDAR
DARUMA CORPORATE FINANCE INC.
INVESTOR
office • retail/entertainment properties
• residential for rent & sale •
warehouses/light Industrial • hotel •
resorts • infrastrastructure
Maruf Dindar is the Partner in charge of Domestic Business
Development in Daruma Corporate Finance. Areas of his expertise
are Business Development and Strategic Marketing. Mr. Dindar
has over 8 years of experience in Corporate Finance. He also has 5
years of experience in non-financial sector as a manager. Mr. Dindar
received a BA degree in Public Administration at The Middle East
Technical University in Istanbul. He is fluent in English.
MARIA TERESA DREO
head of int. real estate finance
BANK AUSTRIA CREDITANSTALT
Managing Director of Department “International Real Estate Finance”;
responsible for international RE clients doing RE business in more
than two countries within our network; 15 years experience in real
estate business (local (Austria) and international). Bank Austria
Creditanstalt is one of the leading banking group in CEE with a
presence troughout the region CEE, SEE, Turkey, Russia; target
segments: retail, office, logistics, residential; lender for developments
& investments; 27m customers; 3.700 outlets; 76.000 employees.
MARTIN ERBE
head of cee
WESTDEUTSCHE IMMOBILIENBANK AG
LENDER
financing of office • retail • logistic and
business hotels in poland • czech
and slovak republic • hungary •
bulgaria and romania
Martin is a Managing Director and Head of the CEE Real Estate Team
of Westdeutsche ImmobilienBank AG. He has more than 12 years
experience in the Real Estate Industry, most of this time in the
CEE markets. Martin holds a degree in Business Management from
the University of Applied Sciences in Ludwigshafen. Westdeutsche
ImmobilienBank AG is solely specialised on commercial real estate
lending in the US, APAC and Continental and Central Europe.
NEW EUROPE GRI
EVA DOYLE
partner
KPMG CZECH REPUBLIC
ADVISOR
KPMG is a global network of professional firms providing Audit, Tax,
and Advisory services. We operate in 148 countries and have more
than 113,000 professionals working in member firms around the
world. The independent member firms of the KPMG network are
affiliated with KPMG International, a Swiss cooperative. KPMG
International provides no client services.
ASTERIOS ECONOMIDES
managing director
ARCON CONSTRUCTIONS
He was born in Thessaloniki in 1958. He finished high school in
Michigan USA. After 3 years of architectural studies in Bucharest he
continued his studies and graduated from the School of Architecture
in Aristotle University of Thessaloniki. In 1990 he began his
career with the company “ARK TEAM LTD Design”, having as an
object the design and construction of retail spaces. In 1997 the
company has focused only to construction, and was named ARCON
CONSTRUCTIONS SA. Today he is the Managing Director of ARCON
in all four premises, in Athens, Thessaloniki, Bucharest - Romania
(2000), Sophia - Bulgaria (2004). He is married to Vassiliki Foka.
They have 2 daughters.
HAKAN EREN
country manager
HSH REAL ESTATE A.G. TURKEY
Hakan is the Country Manager of HSH Real Estate A.G. Turkey which
is a 100% sunsidiary of HSH Nordbank A.G. Prior, Hakan has headed
numerous construction and real estate projects for international
companies such as Skanska, LendLease and McDonalds as well as
local corporations of Turkey. He has been active in the Turkish market
within commercial, and residential building sectors. Hakan has been
a board member of PMI Istanbul, ICSC Turkey and is a member of
GYODER Association and ULI Turkey. Hakan holds a Civil Engineering
degree (MSc.) and speaks fluent English.

CREATORS
MURAT ERGIN
general manager
KUZEYBATI REAL ESTATE SERVICES
consultancy • investment • agency •
pm services for retail •
offices • industrial •
associate of savills commercial
Murat Ergin is the founder and managing director of Turkey’s leading
real estate services provider, Kuzeybati. Mr. Ergin started his real
estate career in 1994 at Kuzeybati, where he established the
brokerage, advisory, investment and finally PM teams. Kuzeybati is
recently associated with Savills and provides services to a group of
clientele from among international investors, developers and end
users. Murat Ergin is a member of ULI , GYODER , GKP and ICSC. Mr.
Ergin is fluent in English and Turkish.
ERKAN ERKEK
general director
CAPITAL PARTNERS
INVESTOR
Capital Partners is a privately-owned real estate development,
investment and management company engaged in landmark projects
in Kazakhstan, Russia, Ukraine & Turkey. Capital Partners develops
projects in all four commercial real estate sectors (office, retail,
warehouse and hotel) as well as residential properties in Kazakhstan
and Turkey. Some of the projects of Capital Partners are the Ritz-
Carlton, Moscow hotel, Metropolis mixed-use office and retail complex
in Moscow, Pushkino Logistics Park and Domodedovo Logistics Park
in Moscow Region.
LEVENT EYUBOGLU
managing director
MULTI TURKMALL
development • investment • asset
management • mall management •
shopping centres • offices • residential
• 4 billion euro investment in turkey
Levent Eyüboglu has been in commercial real estate market for more
than 15 years, managing the development of many projects in various
cities of Turkey. Currently, Eyüboglu is CEO of Multi Turkmall, the
Turkish subsidiary of Multi Corporation, a leading company in Europe
in the field of developing, owning and operating shopping centres,
offices and mixed-use projects; and Member of the Board at Multi
Corporation. Eyüboglu is also CEO and Member of the Executive
Board of Turkmall; and a Board Member of IKEA-Tukey, Romania and
Bulgaria. Eyüboglu holds a bachelors degree in Industrial Engineering
and is fluent in French and English.
ZAFER ERGÜVEN
executive vice president
KREA REAL ESTATE DEVELOPMENT & INVESTMENT CO.
shopping centers • retail parks •
residentials • summer homes •
mixed-used projects • turkey •
us$ 1.1 billion
Zafer Ergüven has 13 years experience in project management,
design, construction and cost control segments in real estate market.
Between 1998 and 2006, he worked as an Asssistant General
Manager in Yapi Kredi Koray. He was the project planner and cost
control manager for one of the largest housing projects; Emlak Bank
Bahçesehir Project and Ekinciler Holding (1993-1998). And since
September 2006, he has been with Krea Real Estate as an Executive
Vice President. Creating value added projects for its customers and
investors, Krea Real Estate aims to be the most envied companies
in the sector.
DAVID EYER
business development director
PREMIER LES NOUVEAUX CONSTRUCTEURS
residential • offices • france •
germany • spain • poland •
portugal • indonesia •
458 m euro revenues in 2006
David Eyer is in charge of Business Development and M&A for LNC
(Euronext: LNC), an international real estate developer based in
Paris with activities in France, Spain, Germany, Poland, Portugal
and Indonesia. He is especially active in the German and Eastern
European markets. David has a significant experience in general
management, change management and business development,
acquired in consulting and senior management roles in various
sectors, in the USA and in Europe, especially France and Germany. He
is a graduate from ESTP (Civil Engineering) and Groupe HEC (Strategic
Management) in France and holds an MBA (UCLA).
TIMOTHY FENWICK
managing director
QUANTUM POTES
With more than 35 years commercial real estate experience in
Benelux, Italy, France, Germany and the UK, as well as Russia and
Ukraine, Timothy can claim to be the “doyen” of the Russian real
estate market. Long specialized in originating and negotiating cross
border investment transactions, he first came to Russia in 1995 to
set up Jones Lang’s operations here. Over the last twelve years he
has built up an extensive network among the main market players in
both Russia and Ukraine.

CLAUDIUS FERENTZ
managing director
INVESTKREDIT BANK ROMANIA
Head of the Romanian Representative Office of Investkredit, a
specialized Bank for Corporates and Real Estate in Austria and CEE.
He has been assigned to manage the setting up and development
of Investkredit’s operations in Romania in October 2005. Financing
property developments and acquisitions in the office, logistics and
retail sectors represents a main focus of the real estate team. Before
joining Investkredit, Mr. Ferentz worked in a large international Bank
in Vienna, being in charge for the acquisition and structuring of crossborder
finance projects in Romania, Hungary, Czech Republic, Serbia
and Russia. Mr. Ferentz started his career in the field of real estate
finance with Hypovereinsbank in Munich.
ALEJANDRO SOLANO GALLEGO
general manager
HERCESA IMOBILIARA
DEVELOPER
property developer • bucharest•
romania • estimated 5.200 apartments •
cismigiu building • vivenda• orhideelor •
ghencea residential
General director of Hercesa Imobiliara S.A. since its beginnings in
July 2004. The company has a fast growing rate, constantly aquiring
and developing new projects in Bucharest, like: the Cismigiu Hotel,
Vivenda, Orhideelor and, Ghencea Residential. Alejandro Solano
Gallego has extended studies in the administration and management
of enterprises, plus a MSc Degree in ‘Enterprise in Multimedia’ . His
solid education and experience in the real estate field form the basis
of his business planning and strategy. He speaks fluent Spanish,
English and Romanian. Hercesa Imobiliara S.A. is a real estate
developer acquiring and developing large scale residential and office
properties in Bucharest, Romania.
KONSTADINOS GEORGIAKOS
assistant director
EFG TELESIS
financing • office • retail • residential •
hospitality • other real estate
• developments • acquisitions •
refinancings • see • cee
Konstadinos Georgiakos has been a Real Estate Finance professional
for the last 10 years. He has previously worked for Credit Suisse
and Bear Stearns in London and Blackheath Financial in New York.
Throughout his career he has underwritten over $4bn worth of assets.
EFG Telesis Finance is a Greek investment bank, member of EFG
Financial Group. Its Real Estate Finance team is responsible for
arranging financing of developments, acquisitions and refinancings of
various types of real estate in SEE and CEE.
NEW EUROPE GRI
GERALD GAIGE
partner
ERNST & YOUNG
real estate appraisal • feasibility
studies • conceptual design •
hospitality • real estate financing •
project development • management •
location advisory
Working in Russia since 1994, Gerald directs real estate sector
activities for Ernst & Young. One of six key partners in the Russia
and CIS practice (of more than 3,000 professionals), he delivers tax,
audit, business advisory, and transaction support services for clients
with real estate interests. Recently named #6 among real estate
consultants in the “Top 100 Market Makers in Russia”, Gerald’s
work includes advising on some of the most significant real estate
projects in the CIS countries. Real estate experts under his direction
are completing real estate consulting and appraisal, specialized
hospitality advisory, construction and development management, and
real estate finance assignments.
EKATERINA GEORGE
managing partnerr
VEKTOR INTERNATIONAL REAL ESTATE INVESTMENT &
DEVELOPMENT
PROPERTY COMPANY
major urban residential • commercial,
touristic-up to usd350m-strong track
record-wide network
Prior to cofounding Vektor IREID Ekaterina served as director of ICM
at Ekspres and senior vice president at Alfa. She holds business
administration degrees in International Economic Relations and
Finance from Finance Academy, Moscow, and National University, San
Diego. Vektor specialises in providing full fledged services to foreign
investors in real estate in Turkey with 25-50% in unleveraged IRRs.
www.crystalpark.biz
CARLA GIANNINI
managing director
CREDIT SUISSE
Carla Giannini is a Managing Director of Credit Suisse, the Real Estate
Private Equity business of Credit Suisse, based in London, structuring
and executing new principal investments in Europe. Ms Giannini joined
Credit Suisse in February 2006 from Invesco Real Estate in London
where she was Chief Investment Officer for Continental Europe. Prior
to that, she worked at Parkes and Company, which was acquired by
Invesco Real Estate, where she managed the European principal and
advisory business activities of the firm. Previously, Ms Giannini spent
fifteen years at Lend Lease Real Estate as an Executive Vice President
and Board Director, and was a founding partner of its predecessor
company, the Yarmouth Group.

CREATORS
DAVID GIRAUD
executive manager
INOVALIS S.A.
David Giraud graduated from the “Ecole Supérieure de Commerce
de Reims”.After a first experience in creating two real estate
investment companies, he co-founded Inovalis SA in 1998 he is one
of the Executive Managers in charge of the Fund structuring Equity
Management and Financial reporting in France and Germany.
DANIEL HARRIS
head of acquisitions cee
MGPA MACQUARIE GLOBAL PROPERTY ADVISORS
private equity fund management • asia
and europe • industrial • office •
residential • retail and logistics •
existing and development
Responsible for acquisition evaluation and asset management of
assets in central and eastern European regions and logistics in
France. He has nine years experience in the real estate sector and
has been involved in completing transactions in 12 countries in
Western, Central and Eastern Europe. Prior to joining MGPA, Mr.
Harris worked for Heitman, a U.S. real estate investment manager,
where he was involved in numerous transactions throughout
central Europe and was later responsible for acquisitions in a
western European Shar’iah Fund. Mr. Harris is a qualified chartered
accountant and trained at Andersen structuring pan-European real
estate investments, he has a BA (Hons) in History from the University
of Leeds.
THOMAS W HOELLER
executive board member
PRAMERICA REAL ESTATE INVESTORS (EUROPE) AG
Thomas Hoeller is one of the Executive Board Members of Pramerica
Real Estate Investors (Europe) AG (formerly TMW Immobilien AG) in
Munich. Mr. Hoeller is mainly responsible for Pramerica’s European
activities and has been in charge of setting up Pramerica offices
in Europe. Mr. Hoeller, an Austrian national, has a BA from the
University of Economics in St. Gallen, Switzerland and an MBA in
International Studies from the Vienna School of Law and Diplomacy,
Austria. He speaks fluent Spanish, French, English and German.
GROUP
DR WALTER HAMPEL
senior director europe
HYPO REAL ESTATE BANK INTERNATIONAL
GLOBAL LENDER
fast decision paths • local experts in
local markets • full-service offering •
innovative funding solutions •
execution certainty
Walter Hampel is a Senior Director for Hypo Real Estate Bank
International and is currently based in London, dealing with clients
active in Central and Eastern Europe. Walter has been involved
in the CEE property markets for more than twelve years, involving
seven years in Prague between 1995 and 2001, as a real estate
lender for Austrian and German banks. Before his move to London,
he was Managing Director, Munich Branch for CEE, for Hypo Real
Estate. The Hypo Real Estate Group has 25 offices worldwide, 1237
employees and total assets of EUR 168bn.
ALEKSANDER HETKO
associate
WHITE & CASE
LAWYER
equity investments • acquisitions •
construction development • ownership
operation • leasing loans • project
financing • litigation
Aleksander Hetko’’s practice focuses on real estate development
and municipal infrastructure. Aleksander has been involved in many
projects such as financing and organizing real estate investments,
including zoning, construction, expropriation, occupation and related
administrative procedures; capital group restructuring; international
loan transactions; reprivatization claims and other procedures. Fluent
in English, Russian, Italian, French, Spanish and native in Polish.
MAARTEN HULSHOFF
former chairman managing board
RODAMCO EUROPE NV
Dutch national, appointed on 1 June 2001. Began his career in
1973 at Océ NV. Joined Citigroup in 1976, holding various general
management positions in Europe and Asia from 1982 until 1995.
Subsequently, chairman of the managing board of NCM Holding
NV and CEO and chairman of the management board of Rabobank
International. Member of the supervisory board of TEB NV and
member of the advisory board of Euronext NV.

HARRY IKONOMOPOULOS
managing partner
IKONOMOPOULOS & PARTNERS
corporate • foreign investment •
real estate • development
business & commercial law • engaged in
Greek & International legal practice
Harris Ikonomopoulos established in 1993 “Ikonomopoulos &
Partners” LLP. Has advised and represented as Legal Counsel major
international investors. Community work for the Greek Parliament
Opposition as legal controller of the Concession Agreement for the
Design, Construction, Financing, Maintenance and Operation of
several major construction projects in Greece (Rion-Antirion Bridge,
Free High-way Elefsina-Spata Airport, “Attiki Odos”). Among other
advices, Dolphin Capital Investors Ltd, the Hellenic Republic’s Inter
Ministerial Committee of Privatisations, institutional investors a.o.
investment and Development in Greece and South East Europe.
ORHUN KARTAL
board member
KAYI REAL ESTATE DEVELOPMENT CO.
Investor, Developer, Lender,
Construction, Consultant,
Real Estate, Offices, Residential,
Industrial Building, Shopping Centers,
Hotels, Resorts
After graduation from Bosphorus University with a degree of civil
engineering, Mr. Orhun Kartal started his professional career by
founding Kayi Construction (1991). In 2002, with the foundation of
Kasa Construction, Mr. Kartal became a member of board of Kasa
Construction, which is an international company actively works
in Russia. The company’s expertise lies in the fields of housing,
business centers, office blocks, industrial buildings, shopping malls
and infrastructural construction.
DOROTA KOBYLECKA
partner
LENGIEWICZ WRONSKA BEREZOWSKA & PARTNERS
LAWYER
legal analyses • acquisition of real
estate • due dilligence • project
financing • developers • poland
Dorota Kobylecka is Attorney-at-Law since 2003 and Partner of
Lengiewicz Wronska Berezowska & Partners since 2007. She
completed her legal studies at the University of Adam Mickiewicz in
Poznan and the European University Viadrina in Frankfurt by the Odra
River (Germany). She has gained her experience working inter alia
in German Law Office Pünder and International Law Office Clifford
Chance Pünder. Mrs Kobylecka renders legal services to property
developers and advises companies in M&A transactions. She has
assisted in the transaction of acquisition by a Spanish strategic
investors of the biggest construction companies in Poland.
GROUP
Wallis Real Estate
NEW EUROPE GRI
ANDREW JACKSON
managing director
FIRST TITLE INSURANCE PLC
Former chairman of the British Chamber of Commerce in Hungary,
Andrew Jackson has lived and worked in the CEE region for the past
8 years. Prior to being Chairman Andrew was the managing director
of CGS Ltd a financial and insurance brokerage based in Budapest
serving the Central European markets. Andrew is now the Managing
Director of First Title operations in Central and Eastern Europe and
has worked with First Title for the past 4 years as their exclusive
agent. In January 2006 due to the success of the relationship First
Title Plc formed a full subsidiary in Hungary.
DIETER KNITTEL
director europe - structured finance
HYPO REAL ESTATE BANK INTERNATIONAL
GLOBAL LENDER
fast decision paths • local experts in
local markets • full-service offering •
innovative funding solutions •
execution certainty
Dieter Knittel was born in 1969. He is graduated from Johannes
Gutenberg-University Mainz, Germany. He started his career at HVB
Group in Munich, Germany; worked five years for Bank BPH as Head
of Credit in Warsaw, Poland. He relocated to Munich in 2002 as Head
of Credit CEE for Hypo Real Estate Bank. He moved to the business
origination side of the bank in 2005 as Director Europe. Dieter is
currently responsible for business origination in Central Eastern
Europe. The Hypo Real Estate Group has 25 offices worldwide, 1237
employees and total assets of EUR 168 bn.
PETER KOCSIS
deputy ceo
WALLIS REAL ESTATE
DEVELOPER
investment and development • office,
retail • logistics services • brokerage •
construction • property management
Peter is responsible for new investments and portfolio management.
The asset management activity now covers 96,000 sqm office,
43,000 sqm industrial and 26,000 sqm special use space rented
altogether by over 130 tenants in 15 properties with total value
around EUR 250 million. Peter worked 9 years at UniCredit (formerly
HVB) Hungary. When leaving he was responsible for a real estate loan
book exceeding EUR 600 million and was board member at Európa
Real Estate Fund managing over EUR 145 million in assets.

CREATORS
HAKAN KODAL
president & ceo
KREA REAL ESTATE DEV. & INV. CO.
Hakan Kodal is the General Manager of Yapi Kredi Koray, a leading
REIT listed on the Istanbul Stock Exchange, active in Turkey and
Romania. Before joining the company in 1997, Mr. Kodal has
worked as Corporate Finance Manager at Garanti Investment Bank,
Istanbul, and held various positions at Coopers & Lybrand in Paris, in
management consultancy and corporate finance. Founder Chairman
of the National Association of Turkish Real Estate Investment
Companies (GYODER), he has been Chairman of GYODER between
1998-2002. He is also the Chair of Urban Land Institute (ULI) Turkish
District, and ULI European Steering Committee member since June
2003.
MICHAEL KRÖGER
head of intl. re finance northern | central europe
LANDESBANK HESSEN-THÜRINGEN
Michael Kröger is an educated lawyer and worked as a real estate
banker for many years. His responsibilities in Paris, Berlin and
Frankfurt included lending to German and international funds,
investors and developers. Until recently he was with a German real
estate bank and his role was to build up the bank’s HQ-based Nordic
Markets team and later a key account management. Since this year
he is heading the origination team “Northern and Central Europe” at
Landesbank Hessen-Thueringen (“Helaba”) in Frankfurt, Germany.
DIMITRI KYRTSIS
managing partner
NOVATERRA PROPERTIES
DEVELOPER
business parks • retail outlets •
ocean front resorts and hotels •
greece • serbia • euros 15-200 million
Education: Stanford University Economics Department Property
experience: Co-management of investment vehicle between
Commercial Bank of Greece and private investors in East Europe,
summer and winter prime resort developments in Greece. Current
business: Managing partner of Novaterra Properties Investment
Vehicle Languages: Greek, English, French, Italian.
KAMIL KOSMAN
chairman group real estate
ERSTE BANK GROUP
LENDER
Kamil Kosman is the chairman of the real estate group at Erste Bank
Group. Prior to that he was Divisional Director of Ceská sporitelna
(Erste Bank Group), responsible for real estate lending and all
other bank´s activities in the real estate market, including private
mortgages. Born in Bratislava, he joined Erste Bank Group in 1997.
Under his leadership Ceská sporitelna has become the largest lender
in Czech real estate, and started with equity investments in real
estate. He is also Chairman of Supervisory Board of the Association
for the Real Estate Market Development (ARTN).
RAMADAN KUMOVA
general manager
EROGLU GROUP
residance • office • shopping mall •
industrial (ware house) • holiday
homes • tr• existing project under
development 800 mill usd
Ramadan graduated from Bosporus University from Civil Engineering
department in 1991.He started his profession in Highway and Dam
projects. After consulted many important residential and commercial
projects today. He manages more then 8 projects in the field of
residential, retail, office and holiday homes development in are of the
most rapidly growing development company in TR.
TAVIT KÖLETAVITOGLU
founder & president
ATLAS PROJECT & LAND DEVELOPMENT
planning & design • land development •
project & construction management •
consultancy • analysis • residential,
mixed-use • hotel & leisure office •
shopping mall
After his graduation from Urban and Regional Planning Dept. of METU,
Mr. Köletavitoglu commenced his professional life in public sector.
Shifting to the private sector at managerial level he was involved
in the management of major development projects (Four Seasons
Sultanahmet, Robinson Select Club Maris, Port Göcek), In 1997,
he founded Atlas, that is active in land development and project
management. In 2001, he was awarded “the Top Manager role in the
Management Category” in Year’s Gold Man Contest by the readers
of Para Magazine. Atlas is a dynamic company providing services for
business development, project and asset management in the real
estate sector.

NICHOLAS LAAG
director
FORUM PARTNERS
private & public real estate investments
securities analysis • investment
structuring & capital placement •
corporate governance & fiduciary
experience
Nicholas Laag, Director. He oversees Northern Europe and CEE
countries for Forum’s private equity funds which together total over
$2.0 billion in assets. Prior to Forum, Mr. Laag worked with EVV AB
in corporate finance that specialized in securitizations and utility
acquisitions. Forum specializes in investments in leading and merging
listed and private real estate companies. Since its founding in 2002,
Forum has invested in over 50 companies in 19 countries in Asia,
Europe and North America. Forum seeks to create innovative property
investments & financial solutions across the capital structure,
from equity, to hybrids, to debt. Forum has over 50 investment
professionals based in London, Hong Kong, Singapore, Stamford,
Santa Fe, Beijing.
MARKUS LEHTO
partner
URBANISTA INTERNATIONAL INC.
360 o property solutions - Mixed use
- luxury retail / residential / touristic
- Istanbul – Turkish coast, Europe & ME
Markus Lehto is Managing Partner of Urbanista International
Ltd., a new development, investment, and consultancy company
working in the European and Middle Eastern markets with a primary
focus on Turkey. From 2003 to September 2007, Markus was the
Managing Director of Kanyon, an award winning mixed-use landmark
development in Istanbul. Before Kanyon, he was a Consultant and
subsequently Marketing Manager for ISGYO, Turkey’s leading REIT
from 2000 onwards. Before arriving to Turkey in 1999, Markus was
an Analyst at ING Barings, New York, and earned a BA in Law and
an MA in International Relations. Markus is Canadian, married, and
father to a new son.
ANNA LENGIEWICZ
partner
LENGIEWICZ WRONSKA BEREZOWSKA & PARTNERS
LAWYER
legal analyses • acquisition of real
estate • due dilligence • project
financing • developers • poland
Anna Lengiewicz is Attorney-at-Law since 1994 and a member of the
District Chamber of Attorneys-at-Law in Warsaw. She is the managing
partner of Law Office Lengiewicz Wronska Berezowska & Partners,
established 10 years ago. With more than 15 years of legal practice,
Mrs Lengiewicz advises Polish and international property developers,
investment funds and property companies in real estate transactions,
construction contracts and planning developments. She had
assisted in establishing and developing in Poland presence of many
foreign companies. In last 4 years she was involved in acquisition
transactions of over EUR 1,2 billion.
O R I O N
O R I O N
C A P I T A L
M A N A G E R S
NEW EUROPE GRI
AREF H. LAHHAM
managing director
ORION CAPITAL MANAGERS UK LTD
INVESTOR
orion’s business is commercial real
estate investment management on
behalf of major investors from around
the world.
Mr. Lahham has 19 years of real estate investment and prior to
forming Orion, he was with LaSalle Partners where he was a key
leader in the development of LaSalle’s European operations in the
early 90’s. He opened LaSalle’s office in Paris in 1994 being head
of LaSalle’s investment and corporate activities in France until
1999. In 1999, Mr Lahham founded Orion Capital Managers with Mr
Bossom and Mr Stults. He leads the acquisition activities of the Orion
Funds in Europe and has been responsible for over Euro 2 billion of
property acquisitions throughout Europe. Mr. Lahham has an M.B.A.
from INSEAD in France, a M.Eng in Civil Engineering from Cornell
University and a B.Sc. in Civil Engineering from Purdue University.
MARKUS J LEININGER
head of corporate banking northern & cee
EUROHYPO AG
Markus joined Rheinhyp in 1995 and started his career in the
International Property Lending Department (UK, Netherlands,
Scandinavia). In mid-1997 he took over responsibility setting up the
Central European Property Lending Division. After opening offices
in Poland, Czech Republic, Hungary, he managed a team, which
concentrates on financing of all types of large commercial properties
(Retail, Offices, Hotels & Distribution Warehouses) in the region. In
2001 he was managing the set-up process of Rheinhyp’s operations
in North America. After EUROHYPO’s merger which took place in
September 2002, he was heading the CEE Property Lending Division.
Since July 2007 he is responsible for EUROHYPO’s lending business
in CEE, Nordic Countries, Netherlands.
MAXENCE LIAGRE
evp, commercial projects
KREA REAL ESTATE DEV. & INV. CO.
Born in 1971 in Paris, France. Bachelor degree in Economy. 2 years
of law studies in Paris X Nanterre University, ISG world management
program and world tour of internship/training in Japan, USA, Vietnam,
Korea, Taiwan and India. 12 years of experience in shopping center
development, leasing and management in Turkey. Managed 12
Carrefour shopping centers and currently Executive Vice President in
Krea Real Estate and headed Krea’s subcidiary REVAL (Retail Value),
which is a service provider covering a full range of activities in retail
real estate, including shop-mix, concept design, asset management,
shopping center management, marketing, leasing, customer relations
and advisory services, also provide services to other companies
besides Krea.

CREATORS
THEODORE (“TED”) LIEBMAN
principal
PERKINS EASTMAN ARCHITECTS
A&E
healthcare • hospitality • education •
housing • mixed-use • urban planning
and design • corporate interiors
Theodore Liebman, FAIA, is a Principal at Perkins Eastman, the
largest architecture firm in New York and one of the ten largest
firms in the US. His career spans 40 years directing the design of
housing and large scale urban projects worldwide. He received a
B.Arch. from Pratt Institute and an M.Arch. from Harvard University
and was awarded the Rome Prize Fellowship in Architecture. He was
a principal of The Liebman Melting Partnership from 1979 to 2007,
where he focused on housing and mixed-use projects in the US and
Eastern Europe.
SANTIAGO MAS MARINEZ
director area poland
ACCIONA NIERUCHOMOSCI
INVESTOR
property developer • residential
development • office market • house
building • poland
Santiago Mas Martinez has been a Member of the Management
Board and a Director Area Poland for over 2 years. From 1997 until
2005, working for Necso, currently Acciona, as a Project Manager in
International Department, he was responsible for the construction
realization of a hospital. In a polish real estate market, he represents
interests of the ACCIONA Inmobiliaria, one of the leaders in
construction sector in Spain involved in developing according to
established eco-efficacy and sustainability criterias. He controls over
company activity and supervises its growth as well cooperates with
many global companies that take an active part in a building industry.
LEO MOROZOV
director
IMMOEAST AG
INVESTOR
largest institutional real estate
investor in CEE • commercial and
residential projects
Leo Morozov combines experience in real estate acquired during
his time with Immoeast with a profound understanding of Central
and Eastern European markets accumulated during his years as a
fund manager and investment banker. At Immoeast he has been
responsible for some high-profile projects in Romania, Serbia, Turkey,
Russia, Ukraine and Poland, not to mention some smaller markets.
GEORGE MANTZAVINATOS
manager real estate division
EUROBANK PROPERTY
Manager of the International Real Estate Division of Eurobank
Property Services S.A. since 2005, responsible for the four real
estate subsidiary companies in Central and South Europe in which
he has the positions of Chief Executive Officer and Managing Director
respectively. He also has since 1999 under his supervision the
property services division for Greece that offers a wide range of
services, covering all aspects of real estate area including all real
estate investments of Eurobank Property Services, too. Prior to
that, from 1988 till 1999, he deal with several projects, working in
construction or other real estate companies. He holds a degree in
Surveying from the National Technical University of Athens (Metsovio).
OBIE L MOORE
managing partner
SALANS
Managing Partner of the Bucharest office at SALANS. Although
based in Bucharest for 15 years, Mr. Moore has over 25 years of
professional corporate law experience that includes acting as lead
attorney in groundbreaking transactions in Romania and throughout
Southeast Europe. Mr. Moore specialises in advising on cross-border
corporate M&A, private equity finance, capital markets transactions
across sectors including energy/power, building materials, banks,
consumer goods and beverages, insurance, and pharmaceuticals. He
is quoted as the leading or recommended attorney for Romania by
publications such as the European Legal 500, Chambers Guide to the
World’s Leading Lawyers, and PLC Which Lawyer.
MONA MUSAT
partner
MUSAT & ASSOCIATII
Mrs. Musat is Partner at Musat & Asociatii, a name that stands for a
high level of expertise and experience in business matters. She has
experience in assisting clients on real estate acquisitions for property
development and sales and has advised on green-field projects from
hotels to residential and commercial constructions. Mona Musat has
advised major international corporations doing business in Romania,
as well as a wide range of national clients and public authorities
among which it can be mentioned Generali Immobilien AG, Equest
Partners Limited, the Office for State Ownership and Privatization in
Industry, the Ministry of Economy and Resources.

FRANZ LUCIEN MÖRSDORF
managing director
DEKA IMMOBILIEN GMBH
INVESTOR
approx. 250 properties in germany and
elsewhere representing a total
investment volume of 12,2 billion euros
(as of april 30, 2007)
Franz Lucien Mörsdorf (47) has been a member of the Board of
Directors of Deka Immobilien Investment GmbH since January 2007.
The DekaBank Group is the largest provider of open property funds
in Germany. The two capital investment companies Deka Immobilien
Investment GmbH and WestInvest Gesellschaft für Investmentfonds
mbH jointly manage assets of about 17 billion Euro. Deka Immobilien
GmbH, an associated company, is responsible for the purchase and
sale of property, for the management of these assets and all further
property services. The three companies jointly with DekaBank’s
property finance form the Group sector Asset Management
Immobilien (AMI).
DOUGLAS NOBLE
director warsaw
ORCO PROPERTY GROUP
Douglas John Noble has 10 years of experience in the real estate
market, with a background of Project Management and Quantity
Surveying. Prior to joining the Orco Property Group team, he held
the position of Senior Associate Partner with global construction
consultancy, Gardiner & Theobald LLP, active in Czech Republic
and Romania. Prior to this, Mr. Noble practiced as a Chartered
Surveyor in London with AYH plc. Mr. Noble is a Member of the Royal
Institution of Chartered Surveyors. He holds Bachelor of Science
degree from the Robert Gordon University in Aberdeen.
DOGAN OKSUM
ceo & founder
GENEL YAPI A.S.
high-end residential • urban residential
• sub-urban villas • building renovation •
regeneration • second home •
senior home • commercial • turkey
Dogan Oksum (37) is a graduate of Robert College and Bosphorus
University. He is a Civil Engineer and has been in land development
and construction business since 1992. He served on board of Robert
College Alumni for 10 years and was the president in 2003 and
2004. He has established connections with the local governments,
real estate associations, real estate brokers, architects, developers
and other real estate service providers. The key strengths of Genel
Yapi A.S. team are its depth of experience with 15 years of specific
experience in real estate development and its strong business
development ability.
NEW EUROPE GRI
CHRISTIAN NICKELS-TESKE
director re structured finance
AAREAL BANK AG
LENDER
international property finance expertise
• across three continents • europe,
north america • asia/pacific •
tailor-made financing solutions
Mr. Nickels-Teske is Director of Logistics Finance and Real Estate
Structured Finance at Aareal Bank AG, based in Germany and is
responsible for the operations of the Logistics Finance group’s
international lending activities. He has extensive experience in single
country portfolio and cross-border (Pan-European) facility structuring
and has also participated in the structuring of mortgage loans for
investors guided by the principles of Sharia-compliant investing. Prior
to this, he originated loans and arranged structured debt facilities
in the United States and Canada for Aareal Bank AG for various real
estate assets including hotels and shopping ventures.
DAVID O’HARA
general director
DTZ MOSCOW
retail brokerage • office brokerage
• land and industrial • investment •
development consultancy • valuation
General Director Born on May 22 1963 in New York, USA. Graduated
from University of Texas. MA and MBA - UT. 2001-2002 - CMI
Development, financial director; 2002-2004 - Cushman & Wakefield
Stiles & Riabokobylko, executive director; 2004-2005 - AIG/Lincoln,
Development director.
ALI OTMAR
vice president
MERRILL LYNCH INTERNATIONAL
Mr. Otmar is a Vice President responsible for origination and
execution in Turkey, Russia and Germany. Prior to GPI, Mr. Otmar
was at Citigroup where he was responsible for execution of real
estate transactions of over �10 billion. GPI, the real estate principal
investment arm of Merrill Lynch, has a long history of investing the
Firm’s capital in European real estate transactions. Between 2002
and 2006, GPI has invested over �2.2 billion of capital throughout
Europe with �8.8 billion transaction value.

CREATORS
ERK OZBELGE
director turkey
DOGUS- GE REAL ESTATE
retail • office • residential • logistics •
acquisitions and development • cee
Erk has been Director of GE Real Estate’s activities in Turkey since
May 2007. Prior to this role he was based in GE Real Estate’s
global headquarters in Stamford, CT as an Investments Manager
responsible for new product and new markets development in North
America and Asia. Erk is a CPA and holds a degree in Business
Administration from Bilkent University and an MBA from Comubia
Business School. GE Real Estate conducts its activities in Turkey
through Dogus-GE REIT, a public REIT jointly held by GE and Dogus
Group of Turkey.
ALEXANDER (“ALEX”)
PAPAGEORGIOU
managing director
ASSOS CAPITAL
Alex is Co-founder and CEO of Assos Capital. Based in Athens,
Greece, he is responsible for the overall development and investment
activities in commercial real estate in the CEE. Prior to this he
was CFO of Golden Energy Marine Corp., an international shipping
company. He has extensive experience in investment banking, capital
markets and asset management having worked most recently as a
Director at Citigroup before which he worked at Morgan Stanley and
J.P. Morgan in London. Alex holds an MSc in Shipping Trade and
Finance from City University Business School in London.
RODNEY PEREIRA
head of intl. acquisitions
EUROPEAN INVESTORS
Rodney Pereira is Head of International Acquisitions for Industrial
Securities Management. Here he is responsible for building up
the European real estate portfolios of the company and rolling out
their international acquisitions platform. Prior to joining Industrial
Securities, Rodney was a Director at PME Investments and held a
variety of positions at DTZ International, including Chief Operating
Officer of DTZ Iberica. Rodney holds a Master degree in European
Property Development an Planning from UCL and an MBA from
Instituto de Empresa.
IBRAHIM PAKSOY
ceo
ANCHOR GROUP S.A.
INVESTOR
real estate development • property
management • project management
• ceo • romania • 890.000 sqm
developments
Ibrahim PAKSOY has worked for FIBA Group’s banking operations
in The Netherlands, Germany and Russia for 8 years in various
managerial positions prior to his assignment to the group’s real
estate operations in 2004. Ibrahim was involved in various shopping
center, business center and residential compound development
projects covering a wide range of activities including concept
development, debt financing and property management. Ibrahim holds
a master degree in International Business Management and bachelor
degree in Economics and fluent in English. Anchor Grup is one of the
leading real estate development company in Romania, incorporated
in 1997 by Fiba Group.
CHRISTIAN PARVAN
WESTDEUTSCHE IMMOBILIENBANK AG
LENDER
financing of office • retail • logistic and
business hotels in poland • czech
and slovak republic • hungary • bulgaria
and romania
Christian Parvan is a Director within the CEE Real Estate Team of
Westdeutsche ImmobilienBank AG. Christian holds a degree in
Real Estate Management from the University of Applied Sciences in
Geislingen/Nürtingen and started his banking carreer at Eurohypo
AG. Westdeutsche ImmobilienBank AG is solely specialised on
commercial real estate lending in the US, APAC and Continental and
Central Europe.
JORGE PEREZ DE LEZA
managing director cee
GRUPO LAR
Jorge P. de Leza is Managing Director Central & Eastern Europe of
Spanish real estate developer Grupo Lar. Mr. de Leza is responsible
for all Grupo Lar’s development and investment activities in the
region, currently with investments in Poland, Romania and Hungary.
Mr. de Leza holds and MS degree in Industrial Engineering and an
MBA from the Harvard Business School.

JÉRÔME PEYRARD
director re & expansion
CORA
Jérôme Peyrard is Director for Real Estate and Expansion of Cora
where he is managing company’s operations in Central Europe. As
such, he is responsible for assets management and the identification,
valuation, and consummation of all new investments in the region,
with a particular concentration in Hungary, Romania, and Serbia.
Prior to joining Louis Delhaize Group, he held previous directorships
throughout Western Europe with other companies including Multi
Corporation, Jones Lang LaSalle. In addition, Jérôme post-gratuated
in Property from La Sorbonne University of Paris.
STEPHEN PRAGNELL
group director intl relations
APSYS POLSKA SP.Z O.O.
investor • developer • manager • retail
and leisure centers • urban regeneration
• france • poland and the cee
Stephen started his Retail Real Estate career with Jones Lang
LaSalle as Asset manager and retail consultant for Adia, DGI,
EuroCommercial etc. In 2002, Stephen became General Manager of
Apsys Polska managing 16 major Shopping centres for institutional
investors (GE, Heitman, Dawnay Day, Pradera…), and developments
such as Manufaktura in Lodz, one of Europe’s largest urbanregeneration
retail/leisure projects. In France, Apsys heads 14 active
developments, and the group is also present in Russia, Ukraine and
Bulgaria. Stephen is now Group Director for International Relations,
Chairman of the ICSC European Awards jury and President of the
Polish Council of Shopping Centres.
LEOPOLD REYMAIER
senior vice president
HSH NORDBANK AG
Leopold Reymaier joined HSH Nordbank in Hamburg as Senior Vice
President in 2007. In his position as Senior Key Account Manager
he is responsible for originating loans and providing the full range of
services related to Real Estate HSH Nordbank offers to international
Investors. Prior to joining HSH Nordbank he worked for Bank Austria
Creditanstalt where he focused on real estate financing transactions
in Central and Eastern Europe. Leopold graduated from University of
Vienna and holds a degree in international business adminsitration.
NEW EUROPE GRI
ROSEN PLEVNELIEV
general manager
BUSINESS PARK SOFIA EOOD
Rosen Plevneliev has wide experience at managing positions in
the construction and real estate investment field in Bulgaria and in
Germany for over 15 years. 1999 he founded the company “Business
Park Sofia” EOOD, the biggest privately financed real estate project
in Bulgaria. “Business Park Sofia” EOOD developed to the ultimate
business address in the country. The company received a First
Class Investment Certificate from the government of the Republic of
Bulgaria in November 2004 for its project “Sofia Park”.
DEJAN RACIC
ceo
DELTA INVEST
Dejan Racic, born in Belgrad. First work experience obtained in Dubai,
since 1995 he has been holding important positions within Delta
M group, the largest private company in Serbia. Since 2000, as the
Director of Delta Invest, he managed development, construction and
reconstruction projects for various buildings in retail sector, bank and
insurance branch offices, and automobile and logistic centers used by
the members of Delta Holding. Delta Real Estate is one of the leading
developers and investors in real estate in Serbia and Montenegro.
Dejan is responsible for strategic planning and business expansion
all over the Balkans. His portfolio of operations retail, business, hotel
and housing projects.
ARDI ROOSIMAA
md estonia
COLLIERS INTERNATIONAL
Ardi is the Managing Director of Colliers International in Estonia.
Being in charge of expansion and operations in Estonia He also is
the Director of Capital Advisory for all Baltic States. Before joining
Colliers, Ardi worked as Director of Property Management in Ober-
Haus Real Estate co, managing one of the biggest retail portfolios
in Estonia. Ardi has worked as General Manager of the Estonian
Rep. Office of Parex Bank (one of the largest privately held banks in
Baltics). He holds a BA in Law.

CREATORS
GROUP
ANDREAS ROTH
director europe
HYPO REAL ESTATE BANK INTERNATIONAL
fast decision paths • local experts in
local markets • full-service offering •
innovative funding solutions •
execution certainty
Andreas Roth has 20 years experience in the real estate financing
sector, having worked mainly for Vereinsbank and HypoVereinsbank in
various positions. Currently he is working in the Munich team of Hypo
Real Estate Bank International and looking after international clients
investing in the Central Eastern European countries and Switzerland.
Andreas Roth studied economics at the university of Regensburg. The
Hypo Real Estate Group has 25 offices worldwide, 1237 employees
and total assets of EUR 168bn.
FERNANDO SALAZAR
head of corporate banking southern europe
EUROHYPO AG
Mr. Fernando Salazar, born in 1962, is Economist and has worked
for major Spanish banks before RHEINHYP, later merged into the
Eurohypo, where he is today responsible as Head of Southern
Europe for Corporate and Investment Banking. In Spain, Italy, Greece,
Portugal and Turkey Eurohypo is providing commercial property
lending products.
DR HOLGER SCHMIEDING
chief european economist
BANK OF AMERICA
Dr Holger Schmieding is Managing Director and Head of European
Economics at Bank of America in London. Before he worked as Senior
Strategist and Chief Economist for Continental Europe at Merrill Lynch
(1994-2001) in Frankfurt/London, as Senior Economist at the IMF
in Washington, DC (1993) and as Assistant to the President at the
Kiel Institute of World Economics (1986-1992) in Kiel, Germany. In
2006, the Financial Times Deutschland placed Holger Schmieding
as # 3 among 52 forecasters for the proven accuracy of his German
forecasts over many years. He holds a doctorate in economics from
Kiel University, having studied economics at the University of Munich
(1978-80), the London School of Economics (1980-81) and the
University of Kiel (1981-84).
MARTIN SABELKO
ceo central and eastern europe
ING REIM CEE
FUND MANAGEMENT
Martin Sabelko is the CEO of ING REIM CE with responsibility for
the entire region. He holds a Master degree in Law at the University
of Vienna. Martin has been working in the CE region since 1986
focused on the development of office buildings and shopping centres.
Before joining ING REIM he was founding member of Immoconsult,
board member of Universale and DTZ. In the late 1990’s he managed
a CEE property fund out of Prague where he again returned. Since
2001 Martin is a member of the Scientific Advisory Board, Danube
University Austria for Real Estate.
SERGEY SAVENKOV
general director
PALLADA-INVEST LLC.
Since 1996 Sergey was head of a regional telecommunication
joint-stock company “ATS” in Tver. Worked as a deputy financial
and commercial officer of the telecommunication public corporation
“Electrosvyaz” in Tver region. Since 2003 president of the corporation
“ATS”. Since 2005 general director of the development company
“Pallada-Invest” which is now building a shopping & entertainment
center of more than 60 000 sq.m GLA in Tver.
SKIP SCHWARTZ
svp-acquisitions
HEITMAN
Skip is responsible for the sourcing and underwriting of new real
estate investments and developing new business across Europe. He
has been involved in approximately Euro 1 billion of investment, joint
venture and development transactions across Central Europe and
Germany, and was involved in approximately $450 million of equity
transactions during his five years in the U.S. Skip received a BA in
International Relations, and an MA in Organizational Behavior from
Stanford University.

DR LUDEK SEKYRA
chairman of the board
SEKYRA GROUP AS
PROPERTY COMPANY
commercial • residential development
• ppp projects • cee • russia •croatia •
romania • eur 300 million annual volume
of investment
Dr. Ludek Sekyra is a Chairman of the Board of Directors of Sekyra
Group, a.s, the largest real-estate group in the Czech Republic. He
studied at the Faculty of Law of Charles University where he also
taught for a short time as a specialist in politics and jurisprudence.
Before he founded Sekyra Group in 1996 he became a partner at
Bakes & Sekyra attorneys office. Sekyra Group is the largest real
estate company in the Czech Republic with an annual investment
volume of appx. Euro 300 million. The principal areas of business
activity are real estate development, investment and investment
management. SG plans to invest 1 billion EUR in new projects
between 2007 and 2010. Active in Russia, Ukraine, Slovakia,
Romania, Croatia & Poland.
CHRISTOPHER M. SHONN
managing partner
NAI PROPERTY PARTNERS
Christopher Shonn has worked in real estate industry of Central &
Eastern Europe for thirteen years as a real estate agent, consultant,
manager and developer. Mr. Shonn has acted as an entrepreneur in
Romanian since 2001. He is the Founder of NAI Property Partners, a
real estate consultancy and is a Principle in Odessa Investments, a
fund management company.
GABOR SOMOGYI
head of international real estate finance
BANK AUSTRIA CREDITANSTALT
Gabor Somogyi joined Bank Austria Creditanstalt in 2004 and is Head
of International Real Estate Finance. Within Unicredit Group, Europes
9th largest bank, this department structurs and commits debt
financing for mainly commercial real estate transactions (mid and
large size) for international clients investing in CEE/SEE, Russia, the
Ukraine and Turkey. Gabor has been in the real estate business for
more than 10 years and holds a degree in Real Estate Economics.
NEW EUROPE GRI
SURINDER SINGH SETH
head of representative office
INVESTKREDIT BANK AG
Surinder Singh Seth is the Head of Real Estate Finance for Czech
Republic of Investkredit Bank AG since beginning of the year. He has
worked in the bank´s Viennas headquarters since 2003. Before he
joined Investkredit he worked for Immoconsult Leasing Gesellschaft
m.b.H. Seth graduated from the University of Law in Vienna in
Vienna and has been dealing with real estate finance transactions
for 5 years.
CSABA SITERY
head of team see
EUROHYPO AG
Csaba Sitery studied economics in Dresden. He started his banking
career in 1992, at Deutsche Bank. After a trainee-program, he worked
in the corporate banking division in Koblenz, Trier, Frankfurt and
Budapest. After a year at HypoVereinsbank Hungary, he returned to
Frankfurt in 1999 and joined Rheinhyp, where he became responsible
for Hungary. In January 2005 he has been appointed Head of Team
South-East Europe at Eurohypo, being responsible for the Austrian,
Czech, Hungarian, Slovak, Slovenian, Romanian, and Bulgarian
markets.
NICHOLAS SPIRO
cee capital markets research director
DTZ
Nicholas Spiro joined DTZ in June 2006 as Director of Central
and East European Capital Markets Research, based in the firm’s
Warsaw office. Prior to this, he was a financial journalist, writing for
prestigious titles such as The Economist, the Financial Times and
The Banker. He also worked for Medley Global Advisors, a New Yorkbased
investment advisory firm, as a central European macro-political
consultant.

CREATORS
CSABA H. SPOTTLE
cee acquisitions manager
PRAMERICA REAL ESTATE INVESTORS
Csaba Spottle is the acquisition manager Central & Eastern Europe
for Pramerica Real Estate Investors. He has more than 25 years
of Real Estate Experience in the European and American Markets.
He holds an MBA in International Business/Management from
New York University. Graduate School of Business Administration,
and a Bachelor of Science degree in Contracting and Construction
Management from Syracuse University.
HALUK SUR
ceo
IHLAS REAL ESTATE DEVELOPMENT AND INVESTMENT INC.
Haluk Sur holds a Degree in Civil Engineering and MSc Degree in
Environmental Engineering from Bosphorus University. After studying
Environmental Engineering at University of Washington he worked
as a consultant engineer at NATO Infrastructure Department. Prior
to founding Yapi Teknik Construction Company in 1986, he worked
in Saudi Arabia as a Project Manager. Haluk joined Ihlas Holding’s
as Executive Director for Housing, Land Development, Industrial
and Commercial Construction Projects in 1992 and was appointed
President and CEO of Ihlas REIT, becoming its General Manager until
the acquisition by Yesil & Younes (2006). He is the member of ULI,
NAREIT and founder member of GYODER, being Vice Chairman and
Chairman between 2004-2006.
LEE TIMMINS
senior vice president
HINES
After joining Hines in 1988, Lee Timmins worked for a number of
years in the southwest United States developing office and mixeduse
projects. In 1993, he relocated to Moscow, Russia and was
responsible for Hines’ first joint venture in Eastern Europe. Since
1993 he has developed, invested in and managed more than $1.5
billion of real estate, including the 50,000 square meter Ducat Place
III office development, the 145,000 square meter LogoPark logistics
park, and the 60,000 square-meter mixed-use complex Park Place
Moscow.
O R I O N
GROUP
O R I O N
C A P I T A L
M A N A G E R S
VAN J STULTS
managing director
ORION CAPITAL MANAGERS
offices • retail • warehouses •
distribution centres • hotels •
portfolios •developments •
euro 50 - 500 million • europe
Van Stults is a Managing Director and founding Partner of Orion
Capital Managers, an international real estate private equity
investment firm. Orion has sponsored three Funds with over Euro 5
billion of investment capacity, targeting a wide range of real estate
investments throughout Europe. Prior to forming Orion Capital
Managers, Van spent 15 years with LaSalle Partners where he was a
main Board Member and a Managing Director.
HARIN THAKER
ceo europe, middle east & india
HYPO REAL ESTATE BANK INTERNATIONAL
GLOBAL LENDER
fast decision paths • local experts in
local markets • full-service offering •
Innovative funding solutions •
execution certainty
Harin Thaker is CEO - Europe, Middle East & India, at Hypo Real
Estate Bank International (HREBI). Harin leads the European
franchise. The European Platform has 170 personnel providing
Real Estate financing solutions across Western and Central Eastern
European Countries including now Russia, Turkey, Middle East
and India. Harin has spent over 14 years at the Bank and was
instrumental in spearheading the banks Investment Banking activities
and the launch of the very successful European franchise.The Hypo
Real Estate Group has 25 offices worldwide, 1237 employees and
total assets of EUR 168bn.
GREG TOBIAS
managing partner
OCEAN ATLANTIC INTERNATIONAL
Mr. Greg Tobias is the Managing Partner of Ocean Atlantic
International, a US based mixed-use, residential development group
expanding into ex-Yugoslavian countries of Slovenia, Croatia and
Serbia. Greg has managed the development process for over 2.5
million square feet of urban in-fill and regeneration projects with
particular attention to sustainable development and transit-orienteddesign.
Greg is a graduate from the Harvard Business School and
currently resides in Ljubljana, Slovenia.

GEORGE V. TOLIS
director
DIMAND REAL ESTATE
George V. Tolis is the Managing Director of the Greek developer firm,
Panhol Group. George has been involved in the Balkan real estate
since 1999 through his firm GETROM SRL, based in Bucharest
Romania, a real estate consulting firm focussing on research,
feasibility studies and investment consulting. George has a Master’s
Degree in Materials Engineering from SUNY New York, a Physics
degree from Aristotle University, Greece and a Diploma in Training
and Development, London. He has been in the real estate sector
since 1992 and has worked in various managerial positions in Greece
for McDonalds Greece, Nissan etc.
MACIEJ TUSZYNSKI
executive director
WESTDEUTSCHE IMMOBILIENBANK AG
LENDER
financing of office • retail • logistic and
business hotels in poland • czech
and slovak republic • hungary • bulgaria
and romania
Maciej is a Managing Director and Head of the Real Estate Finance
Poland. He has more than 10 years experience in Banking including
4 years in the Real Estate Industry. Maciej holds a degree in
International Trade from the Warsaw School of Economics and
masters degree in Law form University of Warsaw. Westdeutsche
ImmobilienBank AG is solely specialized in commercial real estate
lending in the US, APAC and Continental and Central Europe.
LUURT A.S. VAN DER PLOEG
cfo
MULTI DEVELOPMENT BV
CFO of Multi Corporation BV. Multi Corporation is a leading company
in Europe in the field of developing, owning and operating shopping
centres, offices and mixed-use projects through its subsidiaries Multi
Development, Multi Investment, Multi Asset Management and Multi
Mall Management. Multi is active in more than 20 European countries
and has branches in 17 cities. Mr Van der Ploeg is a member of
NIVRA, the Dutch Institute for Certified Public Accountants, a member
of the VRC, the Association of Certified Controllers and a member of
the Controllers Institute.
Multi Corporation comprises a group of companies carrying out
various disciplines throughout Europe in property development,
investment, asset management and mall management.
NEW EUROPE GRI
CANSEL TURGUT YAZICI
general manager
TSKB REAL ESTATE APPRAISAL
Cansel Yazici operates in various fields of the real estate industry.
She has worked with international companies, such as McDonald’s
and Metro Asset Management. Ms Yazici is the General Manager
of TSKB Real Estate Appraisal Company, the leading real estate
valuation and consultancy company in Turkey, since its inception.
Although the company was founded, and received its license, only
five years ago, it has become to be known a company that advises
several renown real estate investors and funds in Turkey and
worldwide. Ms Yazici, who has a degree in industrial engineering, also
chairman of the Turkish Licensed Valuation Companies Association.
She holds the Certified Real Estate Appraiser License.
REMCO VAN DER KROFT
partner
DOMANSKI ZAKRZEWSKI PALINKA SP. K.
Remco joined Domanski Zakrzewski Palinka LP in February 2007.
He specializes in real estate transactions, regulations on shopping
centre operations, and also mergers and acquisitions. Before that
he was a Board member of a French shopping centre management
and development company in Poland. At DZP Remco is responsible
for real estate/legal support for foreign investors in Poland and
Polish businesses abroad. Remco has practiced as a lawyer in Paris,
Warsaw, Chicago and Rotterdam. He participated in the acquisition
and sale of shopping centres and other real estate transactions.
Remco was an advisor on cross border sales/acquisitions across
many sectors and has advised in some of the largest privatizations in
the Netherlands and Romania.
RICHARD VAN OVOST
director international re
MN SERVICES INVESTMENT MANAGEMENT
INVESTOR
euro 58 billion aum • results-focused
support • involvement • transparancy •
pension administration • managing
assets
Richard van Ovost has been active in real estate investments for 20
years. He joined Mn Services in 2005 and is responsible for all real
estate investments worldwide, both listed and non-listed, with the
exception of the Dutch portfolio. The international portfolio is divided
into three regions: the Americas, Europe and Asia/Pacific. Richard
holds a Master’s degree in Architecture from Delft University, a
Master’s degree in Real Estate of the University of Amsterdam and
is a Fellow of the Royal Institution of Chartered Surveyors.

CREATORS
TONY VASISHTA
international development director
MCARTHURGLEN
Tony Vasishta, International Development Director, is helping to drive
McArthurGlen’s international expansion strategy, not only within
the outlet sector but also into new channels and territories, both in
Europe and further afield. Tony has over 20 years’ experience in
the procurement and property industry for Woolworths plc, TK Maxx,
Boots Properties plc and, most recently, as Development Director at
Tesco and is a regular contributor to the Retail and Property press.
Tony has a Masters degree in Construction Management Science, a
Postgrad. diploma in Strategic Marketing from Stanford University and
a diploma in Strategic Marketing from Templeton College, Oxford.
STEVEN WAYNE
ceo
JENSEN GROUP
$100 mln. investment fund •
investments into russian real estate •
large development projects
Steven Wayne founded Jensen Group in 1992. He is currently CEO
of Jensen Group and PGI Group, its parent company. He has 16
years of investment experience in Russia, having successfully started
three businesses in the country. Prior to moving to Russia in 1991,
Steven worked in the New York and London offices of Morgan Stanley
in its Corporate Finance and Real Estate Finance Departments. He
graduated from Deerfield Academy and Harvard College. Jensen
Group focuses on the purchase and development of new properties
and land and the redevelopment of existing assets in and around
St. Petersburg
DR CHRISTINA WEISS
executive vice president
MFI MANAGEMENT FÜR IMMOBILIEN AG
DEVELOPER
inner-city shopping centres • germany;
at present • 25 properties under
management • construction/preparation
• real estate volume: approx.
euro 3.9 billion
Dr. Christina Weiss is Member of the Executive Board of mfi
Management für Immobilien AG one of the leading German shopping
centre developers and operators. She finished her studies at the
University of Illinois, US, and at the Humboldt University of Berlin,
Germany, by earning a PhD in International Management and
Economics. After more than 10 years of experience in different
positions inside the real estate sector, she is now responsible at
mfi AG for Controlling, Organisation, HR and has a today’s focus on
International Expansion. mfi AG is one of the leading developers and
operators of inner-city shopping centres.
ALAN VINCENT
managing director
CONVERGEN-CE
Alan Vincent established his own investment and development
company, Convergence Capital, in 2004 and is currently developing
a 20,000sqm office building in Budapest and a 12,500sqm office
building in Bratislava with a combined value of Euro 60m. A Board
Member of the Hungarian Association of Chartered Surveyors, he
was a founder and Director of Richard Ellis International real estate
consultants in Vienna (1991) and Budapest (1994), where he
advised many international banks, investors and developers. Also a
co-founder of AIG/Lincoln in Hungary (1998) he developed the IBM &
Hewlett Packard HQ, M1 Business Park, Airport Business Park and
the landmark Alkotás Point office building in Budapest,totaling in
excess of Euro 150m.
RICHARD WEBERBERGER
managing director
HENDERSON GLOBAL INVESTORS
Richard Weberberger heads up the Vienna office, where he is
Head of Property Investment, Austria. Richard also initiates and will
lead the screening of opportunities in Central and Eastern Europe.
Previously Richard worked for LaSalle Investment Management in
London and ImmoEast/ImmoFinanz in Vienna, where he structured
and co-chaired an institutional Central European Property Fund.
Richard holds a master from Harvard University as well as one from
Vienna Tech and he is a chartered management consultant.
TIM WILKINSON
managing director
DTZ ECHINOX
ADVISOR
capital markets • occupier and
developer • professional advisory
services • valuation • consulting and
research
Tim Wilkinson is the Managing Director of the international property
advisers, DTZ Echinox. As a qualified surveyor with a degree in Real
Estate Management, Tim has previously worked in Budapest, Warsaw
and London for DTZ. Tim has developed strong relationships in the
region since his first position in CEE in Warsaw in 1999. Following
a period in the London office in the Retail Property Management
department, he returned in Hungary where his focus was on the
office market. DTZ is a global real estate adviser, working with clients
to create leading-edge property, investment and business solutions
worldwide.

KARL WILSON
general manager cee & russia
AAREAL BANK
LENDER
international property finance expertise
• across three continents • europe •
north america • asia/pacific •
tailor-made financing solutions
Karl Wilson is the General Manager of Aareal’s operations in CEE
region and Russia, where the Group has been active for 10 years
being involved in both project development financing and medium to
long term investment financing in most real estate categories. Prior
to joining Aareal, Karl managed the Corporate Finance Real Estate
Group of PwC in Central Eastern Europe, and as such has a deep
understanding of the Regional markets . Before moving to Central
Europe, Karl worked in both Frankfurt and London in Real Estate
Banking. Karl holds a degree in Estate Management from Trinity
College Dublin, Ireland. Aareal Bank has offices in Warsaw & Prague
and are setting up a office in Moscow.
ERTUG YASAR
general manager
HAN YAPI PROPERTIES INC.
PROPERTY COMPANY
residential (elite, middle class) •
secondary houses • mixed use •
residences • shopping malls • retail
• Turkey • US$ 10 - 500 million •
development
Han Yapi Properties is a project management and real estate
development company. The core functions are gathered in the
company while most of the other functions are subcontracted to
the most efficient expert companies. The company is specialized in
developing new lands in Istanbul and in other parts of the country;
designing the architectural plans; preparing marketing and sales
channels; and managing the project. The main goal of Han Yapi is
constructing affordable houses for C up to A+ income groups. The
First HAN Yapi Project is being realized for A, B1, B2 income groups
in Beylikdüzü (Istanbul) with 1700 flats. The company is based in
Istanbul.
CHRISTOPHER (“CHRIS”) ZEUNER
director of business development
GE REAL ESTATE
Christopher Zeuner joined GE in 2004, and was originally based in
Warsaw, Poland. He was focused on growing GE Real Estate’s office
in Poland and on acquisitions across central and eastern Europe. In
December 2006, Christopher moved to Prague, Czech Republic, to
head GE Real Estate’s origination and business development team
in the region, including Turkey. Since joining GE, Christopher has
actively participated in over EUR 1.5 Bn of transactions. Prior to
joining GE Christopher was head of Cushman & Wakefield’s capital
markets team in Poland.
NEW EUROPE GRI
JEAN-BERNARD WURM
managing director
LANDAMERICA (EUROPE)
Mr. Wurm is responsible for LandAm’s title insurance business in
Europe, a $15bn market in the US. He has 20+ years experience
in US and European real estate investment. Previously, he was
Managing Director of Jargonnant, a Munich-based opportunity fund.
His career began with JP Morgan Paris, Frankfurt and New York. As
Managing Director of HVB Capital NYC, he built a real estate portfolio
of $1.4bn. He graduated, with honors, from Sciences-Po, Paris, and
The Sorbonne.
ALVYDAS ZABOLIS
managing partner
ZABOLIS IR PARTNERIAI UAB
Alvydas Zabolis is a founder and a managing partner of a well
recognized Lithuanian investment banking Services Company ‘Zabolis
ir Partneriai’. Under A. Zabolis guidance and supervision number of
successful real estate investment projects, corporate finance and
M&A deals was executed in the region. Activities were evaluated
by EUROMONEY, which in 2003 and 2004 recognized ‘Zabolis ir
Partneriai’ as the Best Local Partner of International Investment
Banks in Lithuania. In 2005, ‘Zabolis ir Partneriai’ has won the
EUROMONEY Real Estate Awards for advisory and investment
banking in Lithuania.
BARTJAN ZOETMULDER
partner
LOYENS & LOEFF N.V.
Bartjan R. Zoetmulder (1969), tax partner, heads up Loyens &
Loeff’s EU Accession team and has in-depth knowledge of tax
planning in and from Central and Eastern Europe, Malta and Cyprus
as well as Russia and the former CIS countries. He specialises in pan-
European tax structuring of real estate investments with a particular
focus on Central and Eastern European as well as Dutch real estate.
His current clients include mostly foreign investors such as US REITs,
European real estate investors and other foreign or Dutch-based,
internationally operating groups. He is a frequently asked lecturer and
writer on tax planning in Central and Eastern Europe.

New York
28-29 Feb 2008

London 6-7 May 2008
WORLD
GRISUMMIT

A GLOBAL CLUB
������������������
����������
�� ��������
���������������
�����������
�����������������������������������������������������
���������������������������������������������������
��������������������������������������������
�����������������������������������������������������
����������������������������������������������
����������������������������������
�
������������������������������������������
���������������������������������������������
���������������������������������������
������ �����
������ ����� ����� ����� �������� ����� ���� ����� ���� ���������� ������� �����
�������� ����������� ����� �����
���� ��������� �������� ����� ���� �����
������ ������ ������ �������
������� ����� ����� ������� ������ ������ ����� �������� ����� ���������� ������ ����� �������� ���
�����
��� ����� ��� ������� ���
�AHI INVEST AUSTRIA CLAUS HABLE �����������������
�IMMOFINANZ AUSTRIA DR KARL PETRIKOVICS ���
�EASTBRIDGE GROUP BELGIUM YARON BRUCKNER ���������������������������������
�BUELENS BELGIUM PASCAL BUELENS ���
�SHURGARD SELF STORAGE EUROPE BELGIUM STEVEN DE TOLLENAERE �����������������
�WILHELM & CO BELGIUM PETER WILHELM �����������������
�SITQ CANADA PAUL CAMPBELL ���������������
�OXFORD PROPERTIES GROUP CANADA MICHAEL LATIMER ���������������
�OXFORD PROPERTIES GROUP CANADA CHRISTOPHER VOUTSINAS ���������������������������������������
�EUROPEAN PROPERTY DEVELOPMENT CZECH REPUBLIC DR WERNER EBM �����������������
�PASSERINVEST GROUP CZECH REPUBLIC RADIM PASSER ���������������������
�SEKYRA GROUP CZECH REPUBLIC DR LUDEK SEKYRA ���������������������
�INOVALIS FRANCE STÉPHANE AMINE ��������
�SHAFTESBURY ASSET MANAGEMENT GROUP FRANCE PHILIPPE CAMUS ���
�SOCIÉTÉ GÉNÉRALE FRANCE BERTRAND DESCOURS ���������������������������������
�FONCIÈRE DES RÉGIONS FRANCE CHRISTOPHE KULLMANN ���
�CDP REAL ESTATE EUROPE FRANCE JEAN LAMOTHE ���������
�GE REAL ESTATE EUROPE FRANCE MASSY LARIZADEH �����������������������������
�GE REAL ESTATE EUROPE FRANCE OLIVIER PIANI ���������
�IXIS AEW EUROPE FRANCE FRANÇOIS POCHARD ���
�GÉNÉRALE CONTINENTALE INVESTISSEMENTS FRANCE PAUL RAINGOLD ���������
�GÉNÉRALE CONTINENTALE INVESTISSEMENTS FRANCE SHARON RAINGOLD �����������������
�MORGAN STANLEY FRANCE STRUAN ROBERTSON �����������������������
�FONCIÈRE DES RÉGIONS FRANCE JULIEN RUGGIERI ��������������
�GE REAL ESTATE EUROPE FRANCE FRANÇOIS TRAUSCH ������������������������
�BAUWENS REAL ESTATE GROUP GERMANY DR PATRICK ADENAUER ����������������
�CORPUS IMMOBILIENGRUPPE GERMANY DR MICHAEL ALBERTZ �����������������
�BAUWENS REAL ESTATE GROUP GERMANY PAUL BAUWENS-ADENAUER ����������������
�BERLIN HYP GERMANY JAN BETTINK ���
�UNION INVESTMENT RE GERMANY DR FRANK BILLAND �������������������������
�BEOS GERMANY PROF DR STEPHAN BONE-WINKEL ���
�SEB ASSET MANAGEMENT GERMANY CHOY-SOON CHUA �����������������
�PATRIZIA IMMOBILIEN GERMANY WOLFGANG EGGER ���������������������
�GARBE INVESTMENT GERMANY BERNHARD GARBE ��������
�ECE PROJEKTMANAGEMENT GERMANY KARSTEN HINRICHS �������������������������
�PRAMERICA REAL ESTATE INVESTORS (EUROPE) GERMANY THOMAS HOELLER ����������������������
�DIC GERMANY ULRICH HÖLLER ���
�AAREAL BANK GERMANY NORBERT KICKUM ������������������������������
�EUROHYPO GERMANY BERND KNOBLOCH ���������������������������
�VIVACON GERMANY MARC LEFFIN ���
�BAUWERT PROPERTY GROUP GERMANY DR JÜRGEN LEIBFRIED �����������������
�IVG IMMOBILIEN GERMANY DR ING WOLFHARD LEICHNITZ ���������������������
�DETEIMMOBILIEN GERMANY DR GERHARD NIESSLEIN ���
�EUROHYPO GERMANY JOACHIM PLESSER ������������������������������
�COMMERZ GRUNDBESITZ GERMANY DR FRANK PÖRSCHKE ���������������������������������
�MEAG GERMANY DR KNUT RIESMEIER �������������������
�COLONIA REAL ESTATE GERMANY STEPHAN RIND ���
�DIC GERMANY PROF DR GERHARD SCHMIDT ��������
�CORPUS REAL ESTATE GROUP GERMANY MICHAEL ZIMMER ��������������������
�SCEPSI GREECE LAMBROS ANAGNOSTOPOULOS ���������������
�RMZ INDIA RAJ MENDA �����������������
�GREEN PROPERTY IRELAND STEPHEN VERNON ��������
�AEDES ITALY LUCA CASTELLI ���
�BENI STABILI GESTIONI ITALY TERENZIO CUGIA DI SANT'ORSOLA ���
�PIRELLI REAL ESTATE ITALY OLIVIER DE POULPIQUET ���������������
�IFIL ITALY JOHN ELKANN �������������
�MORGAN STANLEY ITALY MARCO POLENTA �����������������
�RISANAMENTO ITALY GIULIO RASETTA �����������������������
�PROLOGIS NETHERLANDS GARY ANDERSON ����������������������
�MULTI DEVELOPMENT NETHERLANDS ARNOLD DE HAAN ���
�GTC POLAND ELI ALROY ��������������������������
�AMORIM IMOBILIARIA PORTUGAL RUI ALEGRE ���
�PIK GROUP RUSSIA WILL ANDRICH ��������������������������������
�PIK GROUP RUSSIA ARTEM EYRAMDZHANTS ��������������
�PIK GROUP RUSSIA KIRILL PISAREV ���������
�GRUPO LAR SPAIN LUIS PEREDA ���
�MEDGROUP INVERSIONES SPAIN JORDI ROBINAT CATALÁ ���������
�LATSIS GROUP SWITZERLAND NIKOLETTA FOUSKA ��������
�PSP SWISS PROPERTY SWITZERLAND FRITZ JÖRG ���
��������������������
�������������
�����������������
��������������������
�������������������������������������������
��������������������������������������������
�������������������������������
���������������������������
����������
������������������������������������������������������
�������������������������������������������������
�������������������������������������������������������
���������������
�ZÜBLIN IMMOBILIEN SWITZERLAND BRUNO SCHEFER ���
�UNITE GROUP UK MARK ALLAN ���
�MERRILL LYNCH INTERNATIONAL UK ROGER BARRIS �����������������
�LEHMAN BROTHERS UK JAMES BLAKEMORE ����������������������������
�PATRON CAPITAL UK KEITH BRESLAUER �����������������
�KENMORE GROUP UK ROBERT BROOK �����������������
�RREEF UK DAVID BRUSH ����������������
�MORGAN STANLEY UK JOHN CARRAFIELL ��������������������������
� UK JAMES COLE
�DEUTSCHE BANK UK CYRIL COURBAGE �����������������
�SHAFTESBURY INTERNATIONAL UK MILES D'ARCY IRVINE ��������������
�JONES LANG LASALLE UK TONY EDGLEY �����������������������
�LIBERTY INTERNATIONAL UK SIR ROBERT FINCH ��������
�ISTAR EUROPE UK DAVID FINKEL �����������������
�BENSON ELLIOT CAPITAL MANAGEMENT LLP UK PATRICIA GEERY BARRIGAN ��������������
�GROVE INTERNATIONAL PARTNERS UK RICHARD GEORGI ����������������
�CREDIT SUISSE UK CARLA GIANNINI �����������������
�MORGAN STANLEY UK SHIRISH GODBOLE ��
�ERNST & YOUNG UK DEAN HODCROFT �������
�JONES LANG LASALLE UK TONY HORRELL ��������������������������������
�ALTA ADVISERS UK OREST HRABOWYCH ��������������������������
�FORTRESS INVESTMENTS UK ROBERT KAUFFMAN ���������
�GRAFTON ADVISORS UK NIGEL KEMPNER ��������
�ORION CAPITAL MANAGERS UK AREF LAHHAM �����������������
�MORGAN STANLEY UK JONATHAN LANE ��������������������������
�RESOLUTION PROPERTY UK ROBERT LAURENCE ���������������
�EUROHYPO UK NEIL LAWSON-MAY �������������������������������������
�CURZON GLOBAL PARTNERS UK RIC LEWIS ���
�LEWIS TRUST GROUP UK CLIVE LEWIS ��������
�LONDON & REGIONAL UK RICHARD LIVINGSTONE �����������������
�CAMBRIDGE PLACE UK DENNIS LOPEZ ��������������������������
�DUBAI INVESTMENT GROUP UK DUNCAN MACAULAY �����������������������
�SIMON GLOBAL UK HANS MAUTNER ��������
�ERNST & YOUNG UK MIKE MCNAMARA ������������������
�MEYER BERGMAN UK MARKUS MEIJER ���
�BENSON ELLIOT CAPITAL MANAGEMENT LLP UK MARC MOGULL ����������������
�DEUTSCHE BANK UK JOHN NACOS �����������������
�CARLYLE MG UK EYAL OFER ��������������
�PALMER CAPITAL PARTNERS UK RAYMOND PALMER ��������
�WILLIAM PEARS GROUP UK MARK PEARS ���������������
�BLACKSTONE GROUP UK CHAD PIKE ������������������������
�UNITE GROUP UK NICHOLAS PORTER ���������������
�GOLDMAN SACHS UK RICHARD POWERS �����������������
�MORGAN STANLEY UK RUSSELL RAHBANY �����������������
�AIG GLOBAL REAL ESTATE UK KEVIN REID ������������������������
�EUROHYPO UK PAUL RIVLIN �������������������������������������
�STRATEGIC REAL ESTATE UK PIERRE ROLIN ��������������
�LONE STAR MANAGEMENT UK BRUNO SCHERRER ���������������������������
�PRAMERICA REAL ESTATE INVESTORS UK JONATHAN SHORT ������������������������������������
�GOLDMAN SACHS UK EDWARD SISKIND �����������������
�ORION CAPITAL MANAGERS UK VAN STULTS �����������������
�STARWOOD CAPITAL EUROPE UK DESMOND TALJAARD ���
�HYPO REAL ESTATE INTERNATIONAL UK HARIN THAKER ����������
�PROLOGIS EUROPEAN PROPERTIES UK ROBERT WATSON ���
�TEESLAND IOG UK MICKOLA WILSON ���
�DUBAI INVESTMENT GROUP UNITED ARAB EMIRATES SHEIKH SOUD BA'ALAWI ������������������
�SAMA DUBAI UNITED ARAB EMIRATES FARHAN FARAIDOONI ������������������
�ISTITHMAR UNITED ARAB EMIRATES RICHARD JOHNSON �����������������
�AMERICAN EUROPEAN USA HENRI ALSTER ���������
�TRIKONA CAPITAL USA RAK CHUGH ����������������������������
�STARWOOD CAPITAL GROUP USA JEFFREY DISHNER ����������������
�AIG GLOBAL REAL ESTATE INVESTMENT USA KEVIN FITZPATRICK ���������
�TRIKONA CAPITAL USA AASHISH KALRA ����������������������������
�DUNE CAPITAL MANAGEMENT LP USA DANIEL NEIDICH �����������������
�ISTAR FINANCIAL USA JAY NYDICK ���������
�GE REAL ESTATE USA MICHAEL PRALLE ����������������
�TRIGRANIT USA NATHANIEL ROTHSCHILD ��������
�CARVAL INVESTORS USA HERVÉ SARTEAU ��������������
������������������
����������
The GRI Yearbook celebrates
GRI Corporate and Individual
Members annually.
Profiling in the Yearbook
is automatic with annual
membership.
The Yearbook is available
to GRI Members only
������������������
�����������������
���������������
�����������������
����������������������������������
�������������������
��������������������
���������������
���������������������������
�������������������
������������������
�������������������������������������
������������������������
�������
����������������
��������������
���������������������������
����������
������������������������������������������������������������������������������
�����������������������������������������������������������
���������������������������������������������������
��������������������������������������������������
������������������������������������������������������
���������������������������������������������������������������
���������������������������������������������������������
������������������������������������������������������������
���������������������������������������������
��������������
�����������������
���
��������������������������������������������������������
����������������������������������������������������������
�������������������������������������������������������
���������������������������������������������������������
�������������������������������������������������������
�������������������������������������������������������������
�������������������������������������������������������
����������������������������������������������������������
�������������������������������������������������������������
������������������������������������������������������������
������������������������������������������������������
������������
�������������������
�������
������������������������������
�����������������������������������������������������
�������������������������������������������������������������
����������������������������������������������������������
��������������������������������������������������������������
�����������������������������������������������������
�����������������������������������������������������������
��������������������������������������������������������
����������������������������������������������������
������������������������������������������������������������
����������������������������������������������������������
������������������������������������
��������������
�����������������
������������������������
������������������������������������������������������
�����������������������������������������������
����������������������������������������������������
�����������������������������������������������������������
�����������������������������������������������������������
���������������������������������������������������������������
�����������������������������������
���������������������������������������������������������������������������
���������������������������������������������������������������������������
��������������������������������������������������������������������������
�������������������������������������������������������������������������������
�������������������������
���������������������������������������������
��������������������������������������������������������������
�����������������������������
��������������������������������������
����������������������������
�����������������������������������������������������������������������
����������������������������������������
����������������������������������������������������������������������
�����������������������������������������������������������������������
������������������������������������������������������������������
��������������������
�����������������������������������������������������������������������������
����������������
������������������������������
��������������
������������������������������������
����������������������������
���������������������
�����������������
�����������������������
��������������������������������������������������������������������
����������������������������������������������������������������������
����������������������������������������������������������������������
��������������
�����������������
����������
����������������������������������������������������������
����������������������������������������������������
�������������������������������������������������������
�������������������������������������������������������������
�����������������������������������������������������
��������������������
�����������������������
�������
����������������������������������������������������������
����������������������������������������������������
�����������������������������������������������������
�������������������������������������������������������
���������������������������������������������������������
�����������������������������������������������������
���������������������������������������������������������
���������������������������������������������������
����������������������
�������������
��������
������
�������������������������������������������������������
��������������������������������������������������
�������������������������������������������������������
������������������������������������������������������
�����������������������������������������������������
������������������������������
��������������
���
��������������������������
���������������������������������������������������������
��������������������������������������������������������������
�����������������������������������������������������������
�����������������������������������������������������������
������������������������������������������������������
��������������������������������������������������������
��������������������������������������������
������������������
����������� ���������������
�����������
������������������������������������
���������������������
�����������������������
���������������
���������������������������������
����������������������
����������������������
�������������
����������������
����������
����������������������
���������������������������������
�����������������������������������������������������
��������������������������������������������������������
��������������������������������������������������������
����������������������������������������������������������
���������������������������������������������������������
����������������������������������������������������������
������������������������������������������������������������
���������������������������������������������������
�����������������������������������������������������������
���������������������������������
������������������
���������
��������������
���������������������������

Membership
Individual and Corporate Membership
of the GRI is open to senior players in the
real estate industry that find it beneficial
to belong to a global community of elite
achievers in their industry
Privileges include prominent inclusion in membership
rolls, reduced rate at GRI Meetings, profiling in annual
GRI Yearbook, preferential access and introductions to
fellow members and more.
Henri Alster
henri.alster@globalrealestate.org
Tel +44 20 8492 2620

middle
eastgri
Dubai 18-19 March 2008

REGISTRATION · MEMBERSHIP
Please complete the form and fax to: +44 20 8445 6633
REGISTRATION
HOTELS
Lodging costs are not included in conference fees.
LANGUAGES
Group discussions run concurrently, several going on at the same time
separate rooms, in the local language as well as in English. Simultaneou
translation is provided for key sessions but not for all discussions.
BADGES
Delegates must wear badges at all times.
Admission will regrettably not be possible otherwise.
TERMS AND CONDITIONS
Payment is required by return. Delegate fee must be paid in full prior
to conference or admission is regrettably not possible.
Confirmation will be sent on receipt of payment. If you have not
received confirmation within 14 days of registration, please contact us t
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 6 weeks before the event. We regret no refunds ar
possible for cancellations received thereafter.
GROUP RATE
Group rate is per person.
Applies to groups of 3 or more participants.
Need not be from the same company.
Please note that registration fee reductions are not cumulative.
Inquiries and further information:
www.globalrealestate.org info@globalrealestate.org
UK Tel: +44 20 8492 2620 UK Fax: +44 20 8445 6633
Main: 511 Avenue of the Americas - Suite 4100 New York NY 10011 · USA
Europe/Asia: 1379 High Road London N20 9LP · UK
GRI ANNUAL MEMBERSHIP
INDIVIDUAL MEMBERSHIP
• GRI Members as of December 31 are listed in the GRI Yearbook
of the subsequent year, published in March.
• GRI Members benefit from reduced Member rates when registering
to attend GRI Meetings.
• Starting date of membership is the 1st day of the quarter in which
registration is made. It can be requested to start the next quarter.
• Cancellation: Expiring memberships self-cancel automatically if not
renewed. There is no mid-year cancellation mechanism.
• Complete list of membership benefits available on request.
CORPORATE MEMBERSHIP
• Please contact Henri Alster, Chairman, GRI:
henri.alster@globalrealestate.org
FOR DISCUSSION (CO-)CHAIRS
AND MEMBERS ONLY
Please email to: profiles@mygri com
PLEASE PROVIDE:
�������������
������������������
����������������
��������������������������
���������������������
��������
��������������������������������������������������������������
����������������������������������������������������������
�������������������
�������������������
������������������
��������������������
���������������������
����������������
������������������
����������������
����������������������������
����������������������
���������������������
������������������������
������������������
JOHN A CARRAFIELL
global co-head real estate
MORGAN STANLEY
sedipsum@aliquammassa.com
tel +00.0 000 00 0000
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed
ipsum. Quisque eleifend pellentesque diam. Aliquam massa.
Duis mi. In in magna id quam posuere congue. Mauris urna
eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.
Nullam semper elit vel risus. Class aptent taciti sociosqu ad
litora torquent per conubia nostra, per inceptos hymenaeos.
Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed
condimentum venenatis risus. Vestibulum velit nisi, placerat
luctus, venenatis et, faucibus id, felis. Integer accumsan.
Nullam sed nunc. Morbi leo.
1. COMPA P NY SPECIALTY L - maximu
• Investors/lenders: criteria (type • where • amount range •
existing vs development...)
Example:
“office, hotels, bulk sales • Germany, CEE, China •
US$100-500million • existing or development •
major metros only”
• Developers: product specialty (type • where • size range •
existing v development...)
• Other: describe speciality bullet point style
2. COLOR R PORTRAIT
PHOTO: HIGH RESOLUTION .JPG
3. LOGO: COLOR R • B/W • INVERSE (.EPS FORMAT) A
4. PERSONAL L BIOGRAPHY
+ DIVISION’S PROFILE
- 100 words maximum total, in 1 or 2 languages
[adjust pro-rata if other language takes less space
(e.g. Mandarin - 2 to 1) or more].
- Division’s profile: division’s specific activity (more
relevant & useful than company’s overall)
INVESTOR
PHILIP B. GAILLARD
international chairman
HRO GROUP
sedipsum@aliquammassa.com
tel +00.0 000 00 0000
INVESTOR
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed
ipsum. Quisque eleifend pellentesque diam. Aliquam massa.
Duis mi. In in magna id quam posuere congue. Mauris urna
eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.
Nullam semper elit vel risus. Class aptent taciti sociosqu ad
litora torquent per conubia nostra, per inceptos hymenaeos.
Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed
condimentum venenatis risus. Vestibulum velit nisi, placerat
luctus, venenatis et, faucibus id, felis. Integer accumsan.
Nullam sed nunc. Morbi leo.
FRANÇOIS POCHARD
ceo
AEW EUROPE
sedipsum@aliquammassa.com
tel +00.0 000 00 0000
INVESTOR
office • hotels • bulk sales
germany • cee • china
us$100 - 500 million
existing or development
major metros only
office • hotels • bulk sales
germany • cee • china
us$100 - 500 million
existing or development
major metros only
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed
ipsum. Quisque eleifend pellentesque diam. Aliquam massa.
Duis mi. In in magna id quam posuere congue. Mauris urna
eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.
Nullam semper elit vel risus. Class aptent taciti sociosqu ad
litora torquent per conubia nostra, per inceptos hymenaeos.
Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed
condimentum venenatis risus. Vestibulum velit nisi, placerat
luctus, venenatis et, faucibus id, felis. Integer accumsan.
Nullam sed nunc. Morbi leo.
office • hotels • bulk sales
germany • cee • china
us$100 - 500 million
existing or development
major metros only
PIERRE CHERKI
managing director
RREEF
sedipsum@aliquammassa.com
tel +00.0 000 00 0000
INVESTOR
office • hotels • bulk sales
germany • cee • china
us$100 - 500 million
existing or development
major metros only
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed
ipsum. Quisque eleifend pellentesque diam. Aliquam massa.
Duis mi. In in magna id quam posuere congue. Mauris urna
eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.
Nullam semper elit vel risus. Class aptent taciti sociosqu ad
litora torquent per conubia nostra, per inceptos hymenaeos.
Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed
condimentum venenatis risus. Vestibulum velit nisi, placerat
luctus, venenatis et, faucibus id, felis. Integer accumsan.
Nullam sed nunc. Morbi leo.
HARIN THAKER
ceo europe
HYPO REAL ESTATE BANK INTERNATIONAL
sedipsum@aliquammassa.com
tel +00.0 000 00 0000
LENDER
BERND KNOBLOCH
EUROHYPO AG
sedipsum@aliquammassa.com
tel +00.0 000 00 0000
LENDER
office • hotels • bulk sales
germany • cee • china
us$100 - 500 million
existing or development
major metros only
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed
ipsum. Quisque eleifend pellentesque diam. Aliquam massa.
Duis mi. In in magna id quam posuere congue. Mauris urna
eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.
Nullam semper elit vel risus. Class aptent taciti sociosqu ad
litora torquent per conubia nostra, per inceptos hymenaeos.
Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed
condimentum venenatis risus. Vestibulum velit nisi, placerat
luctus, venenatis et, faucibus id, felis. Integer accumsan.
Nullam sed nunc. Morbi leo.
office • hotels • bulk sales
germany • cee • china
us$100 - 500 million
existing or development
major metros only
Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sed
ipsum. Quisque eleifend pellentesque diam. Aliquam massa.
Duis mi. In in magna id quam posuere congue. Mauris urna
eros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.
Nullam semper elit vel risus. Class aptent taciti sociosqu ad
litora torquent per conubia nostra, per inceptos hymenaeos.
Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sed
condimentum venenatis risus. Vestibulum velit nisi, placerat
luctus, venenatis et, faucibus id, felis. Integer accumsan.
Nullam sed nunc. Morbi leo.

PLEASE FAX TO +44 20 8445 6633
DETAILS
MR/MRS/DR... FIRST MIDDLE/INITIALS LAST
SUFFIX (III•JR..) NICKNAME BADGE NAME
POSITION
COMPANY NAME
EMAIL
DIRECT TEL FAX
PA EMAIL TEL
ADDRESS
GLOBAL REAL ESTATE INSTITUTE www.globalrealestate.org info@globalrealestate.org
MAIN: 511 Avenue of the Americas - suite 4100, New York, NY 10011, USA tel +1.866 399 1210
EUROPE/ASIA: 1379 High Road - 11th floor, London, N20 9LP, UK tel +44.20 8445 6653
CITY STATE POSTCODE COUNTRY
DIVISION’S WEB ADDRESS (EX: WWW.COMPANY.EXT/DIVISION...)
MEMBERSHIP
FEES
Regular
Discussion co-Chair**
Middle East GRI 08
Dubai, 18-19 March
Until 8 February
After 8 February
GRI World Summit 08
London, 6-7 May
Until 28 March
After 28 March
GRI Europe Summit 08
Paris 15-16 Sept 07
Until 1 August
After 1 August
Russia GRI 08
Moscow, 2-3 Oct
Until 29 August
After 29 August
£ Sterling � Euros US$
��£1,200 ���1,800
��£400 ���600
** Available for confirmed & fee-paying Discussion co-Chairs after settling event fees
and before the event has taken place.
Single
Non Member
���2,475
���2,575
Single
Non Member
��£1,675 (+17.5% VAT)
��£1,775 (+17.5% VAT)
Single
Non Member
���2,475 (+19.6% VAT)
���2,575 (+19.6% VAT)
Single
Non Member
���2,475
���2,575
Group rate (per person)
Non Member
���2,275
���2,375
Group rate (per person)
Non Member
��£1,525 (+17.5% VAT)
��£1,625 (+17.5% VAT)
Group rate (per person)
Non Member
���2,275 (+19.6% VAT)
���2,375 (+19.6% VAT)
Group rate (per person)
Non Member
���2,275
���2,375
��$2,400
��$800
���1,875
���1,975
Fee for payment methods other than credit card
���75
Fee for onsite payment (credit card or cash only) ���125
Discussion Chair
or GRI Member
Discussion Chair
or GRI Member
��£1,275 (+17.5% VAT)
��£1,375 (+17.5% VAT)
Fee for payment methods other than credit card
��£50 (+17.5% VAT)
Fee for onsite payment (credit card or cash only) ��£100 (+17.5% VAT)
Discussion Chair
or GRI Member
���1,875 (+19.6% VAT)
���1,975 (+19.6% VAT)
Fee for payment methods other than credit card
���75 (+19.6% VAT)
Fee for onsite payment (credit card or cash only) ���125 (+19.6% VAT)
Discussion Chair
or GRI Member
���1,875
���1,975
Fee for payment methods other than credit card
���75
Fee for onsite payment (credit card or cash only) ���125
BUSINESS ACTIVITY (Please tick one)
� INVESTOR
� PENSION (Investor)
� PROPERTY COMPANY
(Developer)
� INFRASTRUCTURE COMPANY
� LENDER
� HOTEL (Company)
� INVESTMENT BANK
��CORPORATE (User)
� AGENT (Surveyor)
� ADVISOR (Accountant/Tax)
� LAWYER
� A&E (Architect/Engineer)
� TITLE (COMPANY)
� GOVERNMENT (Officials)
� ECONOMIC DEVELOPMENT
� ACADEMIC (Think Tank)
� MEDIA
� TRADE (Group/Exhibit/
Conference Organiser)
� OTHER_________________
� �PAYMENT DETAILS (please tick) A receipt will be returned.
BY CARD � � Visa � � Master � � AmEx
CARD NUMBER
NAME ON CARD
EXPIRY SIGNATURE
CREDIT CARD BILLING ADDRESS, if different from above (important, please provide)
STREET ADDRESS
CITY STATE/COUNTY POSTCODE
GROUP RATE: applies to 3 or more registrations. Need not be from same company.
USA Global GRI 08
NYC, 28-29 February
Until 25 Jan
After 25 Jan
Deutsche GRI 08
Frankfurt 28-29 April
Until 21 March
After 21 March
China GRI 08
Beijing, 4-5 June
Until 25 April
After 25 April
India GRI 08
Mumbai, 24-25 Sept
Until 22 August
After 22 August
New Europe GRI 08
Budapest, 24-25 Nov
Until 17 October
After 17 October
Single
Non Member
��$2,775
��$2,875
Single
Non Member
���2,475 (+19% VAT)
���2,575 (+19% VAT)
Single
Non Member
��$2,975
��$3,075
Single
Non Member
��$2,975
��$3,075
Single
Non Member
���2,475
���2,575
Group rate (pp)
Non Member
��$2,575
��$2,675
Group rate (per person)
Non Member
���2,275 (+19% VAT)
���2,375 (+19% VAT)
Group rate (per person)
Non Member
��$2,675
��$2,775
Group rate (per person)
Non Member
��$2,675
��$2,775
Group rate (per person)
Non Member
���2,275
���2,375
Discussion Chair
or GRI Member
��$1,875
��$1,975
Fee for payment methods other than credit card
��$100
Fee for onsite payment (credit card or cash only): ��$175
Discussion Chair
or GRI Member
���1,875 (+19% VAT)
���1,975 (+19% VAT)
Fee for payment methods other than credit card
���75 (+19% VAT)
Fee for onsite payment (credit card or cash only) ���125 (+19% VAT)
Discussion Chair
or GRI Member
��$2,275
��$2,375
Fee for payment methods other than credit card
��$100
Fee for onsite payment (credit card or cash only) ��$175
Discussion Chair
or GRI Member
��$2,275
��$2,375
Fee for payment methods other than credit card
��$100
Fee for onsite payment (credit card or cash only) ��$175
Discussion Chair
or GRI Member
���1,875
���1,975
Fee for payment methods other than credit card
���75
Fee for onsite payment (credit card or cash only) ���125

THE GRI
A GLOBAL
CLUB
2008 EVENTS
The GRI is a club of senior investors,
developers, lenders and hotel companies
across the world. It runs its activities
through a series of annual meetings
focused on different regions of the globe.
If building close relationships with the
driving elite of the real estate industry at
the most senior levels can be useful,
we welcome you to join us.
MIDDLE EAST GRI
Dubai 18-19 March 2008
���
CHINA GRI
Beijing 4-5 June 2008
RUSSIA GRI
Moscow 2-3 Oct 2008
�����
www.globalrealestate.org
info@globalrealestate.org
Tel +44 20 8445 6653
t h e · g r i
EUROPE
chairmen’s
RETREAT
Badrutt’s Palace Hotel, St Moritz 17-20 January 2008
GRI EUROPE
CHAIRMEN’S RETREAT
St Moritz 17-20 Jan 2008
��������
���
DEUTSCHE GRI
Frankfurt 28-29 April 2008
���������
GRI EUROPE SUMMIT
Paris 15-16 Sept 2008
GRI ASIA
CHAIRMEN’S RETREAT
Dubai 17-18 Nov 2008
New York
28-29 Feb 2008
USA GLOBAL GRI
New York 28-29 Feb 2008
GRI WORLD SUMMIT
London 6-7 May 2008
INDIA GRI
Mumbai 24-25 Sept 2008
NEW EUROPE GRI
Budapest 24-25 Nov 2008

Corporate Partner
GROUP
Senior Partners
Partners
Industry & Media Partners