Programme - Urban Land Institute

2010 – Déjà vu 1492? 

ULI Europe Annual Conference 

2010 Finance & Development Outlook 

2-3 February 2010, The Westin, Paris, France 

So why 1492? The starting point is the old joke that when Christopher Columbus 

set off to discover America, he didn't know where he was going; when he got 

there, he didn't know where he was; and when he got back, he didn't know where 

he had been; and he did it all on borrowed money - sound familiar? 

As it happens, it does have some useful wider connotations - it was an expedition 

that came out of Continental Europe; it involved the discovery of the New World; 

it carried risks but produced lots of rewards; it reset globalisation; it required him 

to stay afloat for the next 18 months or more. 

So what can we learn from Columbus’s haphazard voyage? 

Preparation, timing, and fund raising skills? Or was it all good luck? 

Programme 

KNOWLEDGE. EXCHANGE. CONTENT.

A glimpse into ULI ... get to know us better 

Membership: 35,000 members across 92 countries worldwide, over 2,000 members in Europe 

The mission of the Urban Land Institute is to provide leadership in the 

responsible use of land and in creating and sustaining thriving communities 

worldwide. Members say that ULI is a trusted place where leaders come to grow 

professionally and personally through sharing, mentoring and problem solving. 

With pride, ULI members commit to the best in land use policy and practice. 

District Councils 

District Councils are ULI at the local level. There 

are 14 European Councils that influence local land 

use policy through events, educational forums & 

project tours. 

Product Councils 

ULI Product Councils focus on key issues in specific 

product sectors of the industry. They are small, 

high-level groups made up of senior ULI members. 

Community Action Grants 

ULI Community Action Grants provide District 

Councils with venture capital and seed money for 

innovative, replicable projects. Grants are awarded for 

start-up community outreach, research, and education 

programmes. The most creative, successful projects 

are replicated by other District Councils. ULI makes up 

to $300,000 available annually to fund these projects. 

Professional Development 

Webinars are a new ULI service offering practical real 

estate development and land use knowledge you can 

put to work right away. They are presented by 

recognised industry experts and leading academics. 

Professional Development Webinars offer a quick, 

convenient, and easy way to sharpen your skills 

and stay on top of industry changes. 

Awards Programmes 

ULI runs three signature awards programmes that 

recognise excellence in land use and development 

in very different ways: the ULI Global Awards for 

Excellence, the ULI J.C. Nichols Prize for Visionaries 

in Urban Development, and the ULI Gerald D. Hines 

Student Urban Design Competition. 

ULI Middle East Centre Based in Abu Dhabi 

The ULI Middle East Centre provides a world-class 

knowledge base in support of the real estate industry 

in the UAE and Middle East and will be the catalyst 

for a more viable, sustainable built environment in 

that region. 

ULI…BRINGS TOGETHER leaders to share ideas and exchange best practice 

Bookstore 

ULI has published over 160 books on almost every 

real estate topic: practical how-to books on every 

project type, sustainable development, town centres, 

real estate finance, biographies of real estate legends 

and many more. 

Research, Reports & Case Studies 

ULI initiates research that anticipates trends and 

issues such as the Emerging Trends in Real Estate, 

Global Demographic & Global Infrastructure reports. 

ULI publishes numerous case studies of projects that 

are both innovative and financially successful. 

The case studies are available in an electronic 

database, known as ULI Development Case Studies. 

ULI Urban Investment Network 

The ULI Urban Investment Network brings together city 

government leaders and institutional investors and 

developers in a new partnership aimed at driving up 

the rate of investment in Europe’s cities through 

public-private collaboration and innovation. 

ULI Energy Efficiency Exchange 

An innovative new web exchange for industry leaders 

to access and share practical, current information and 

best practice around energy efficiency, particularly for 

existing buildings. 

www.uliexchange.org 

People 

Jeremy Newsum 

Chairman, Urban Land Institute (ULI) 

Executive Trustee, Grosvenor Estate 

Alexander Otto 

Chairman, ULI Europe 

CEO, ECE Projektmanagement 

Patrick L. Phillips 

CEO, Urban Land Institute (ULI) 

William Kistler 

President, ULI EMEA 

ULI Europe Executive Committee: 

Jeremy Newsum, 

Executive Trustee, Grosvenor Estate 

Simon Clark, 

Head of European Real Estate, Linklaters 

Hakan Kodal, 

President & CEO, KREA Real Estate 

Jan De Kreij 

Principal, DKR Advisors 

Santiago Mercade, 

CEO, Layetana Developments 

Olivier Piani, 

CEO, Allianz Real Estate 

Alexander Otto, 

CEO, ECE Projektmanagement 

Bernd Knobloch, 

Non Executive Director, Palatium 

Investment Management 

Jonathan Short, 

Founding Partner & CEO, 

Internos Real Investors 

John Carrafiell, 

Founder and Managing Partner, 

Alpha Real Estate Advisors 

Michael Spies, 

Senior Managing Director, Tishman Speyer 

Scott Malkin, 

Chairman, Value Retail and 

SD Malkin Properties, 

Stuart Lipton, 

Deputy Chairman, Chelsfield Partners 

Ian Hawksworth, 

Managing Director, Capital & Counties 

Gerald Parkes, 

CEO, Pacific Real Estate Capital Partners 

Paul Marcuse, 

Head of Global Real Estate, UBS Global 

Asset Management (UK) 

Advancing sustainable land use and development

A message from the Conference Chair 

Welcome to the Urban Land Institute’s 14th European Annual Conference. 

For the last 13 years ULI has convened real estate industry leaders to Paris 

to explore trends, share opportunities and debate issues. This unique meeting 

has become somewhat of a ritual for European real estate professionals who 

seek to start the year informed and connected and, in the words of ULI, 

helping you keep your finger on the industry’s pulse. 

2009 has been a challenging year for all. The world and our industry experienced fundamental changes. As global 

economies look for ways to adjust to this crisis, predictably different from previous cyclical downturns, new sets 

of ground rules are in the making. But, what are they? Who is likely to prosper? Who will struggle? Who needs 

somebody to love? 

Following the Copenhagen Climate Summit, climate change has come knocking on everyone’s doors, buildings 

being amongst the worst offenders. How will this impact tenant demand? How will it impact development? 

How will it impact capital expenditure assumptions? Who will it leave hanging on the telephone? 

The 2010 programme will address these and a series of other timely topics. I am confident that you will find 

this event full of new opportunities and fresh perspective. In the spirit of ULI, I invite you to an open exchange 

of ideas, information and experience. 

Jon H. Zehner 

Senior Director 

AREA Property Partners, 

London, UK 

FOSTERING collaboration through research, dialogue and problem solving 

Media partners 

ULI Europe 2010 Programme Supporters 

The Urban Land Institute gratefully acknowledges the generous support of the following organisations: 

PRINCIPAL 

LEADERSHIP 

SENIOR 

SHARING knowledge through education, research, publications & electronic media

Overview 

1 February 2010 

19:00-20:15 

Steering Committee Meeting 

Tuileries I, the Westin 

20:30-22:30 

Steering Committee Dinner 

(No transport: the location is within walkable distance) 

Le Meurice Hotel, Salon Tuileries 

228 rue de Rivoli, 75001 Paris 


08:00-09:30 

District Council Chairs Meeting 

Castiglione, the Westin 

Winter Council Day * 

(See page 9 for timing of each council) 

17:00-18:30 

Member Summit * 

Launch of the Emerging Trends 2010 Report and an 

Investment Challenge. Emerging Trends 2010 is a 

PwC/ULI publication providing a market reality check. 

(Open to all members. Registration required) 

18:30-19:30 

Product Council De-brief 


20:00-22:30 

Leadership Dinner * 

(Open to product council members 

and guests. Registration required) 

11:00-20:00 

Young Leaders Forum & Reception * 


08:00-09:00 

Committee Meetings * 

09:00-17:30 

Conference Programme 

* See page 9 for more details 

Conference Programme 

08:00 Registration and coffee 

09:00 Welcome and Introductions | Concorde 

09:15 Opening Plenary: 

Making Sense of the Global Economy in 2010: 

“Knowns, Known Unknowns & Unknown Unknowns” | Concorde 

Never has uncertainty more clouded the crystal ball. What do we really know about the year ahead? 

Can you trust an economist in a world shaped more by emotion than reason? 

Dr. Ian Shepherdson, Chief Economist, High Frequency Economics 

Q&A with: Struan Robertson, Global Co-Head Real Estate Investment Banking, Morgan Stanley 

10:00 InfoBurst: A Year of Reckoning – Emerging Trends 2010 | Concorde 

Bouncing back, muddling through or taking cover, where will you be in the year ahead? Emerging Trends 

in Real Estate will give you an insight into the minds of over 700 industry leaders providing a market 

reality check on where to invest and where to avoid. A PwC/ULI publication. 

John Forbes, Partner, EMEA Real Estate Industry Leader, PwC 

Bill Kistler, President, ULI EMEA 

10:15 MORNING CONCURENT SESSIONS - ROUND I 

11:15 Coffee Break | Napoleon & Winter Garden | supported by: 

11:45 MORNING CONCURENT SESSIONS - ROUND II 

12:45 Networking lunch | Imperial | supported by: 

14.00 AFTERNOON CONCURRENT SESSIONS - ROUND I 

15:00 Plenary Session: The Truth about Climate Change | Concorde 

What have we learned from Copenhagen? Are fears of climate catastrophe leading to regulations and 

a tax burden that will melt the real estate industry long before climate change melts the icecaps? 

Jean-Pascal van Ypersele, Vice-Chair, Intergovernmental Panel on Climate Change (IPCC) 

15:45 Coffee Break | Napoleon & Winter Garden | supported by: 

16:15 AFTERNOON CONCURRENT SESSIONS - ROUND II 

17:15 Conference close 

MORNING CONCURRENT SESSIONS 

5 POLICY AND PRACTICE PRIORITY AREAS: Sustainability, Energy and Climate Change, Infrastructure, Affordable Housing, Capital Markets and Finance, Public Leadership 

ROUND I 

1. Valuations 

When They Really, Really Matter 

Aiglon 

What confidence do valuers have and what 

are the implications for their clients? 

What are the practical issues arising from 

thin transaction volume, volatile markets, 

shareholder/investor concerns, directors 

duties, fairness between incoming and 

outgoing investors? 

Moderator: 

Andrew Baum, Professor of Land 

Management, Henley Business School, 

University of Reading 

Panel: 

Michael Brodtman, Executive Director, CBRE 

Martin Bruehl, Managing Partner Germany, 

Cushman & Wakefield 

Simon Hersom, Real Estate Adviser, 

RBS Global Banking & Markets 

Steven Owen, Ex-Deputy Chief Executive, 

Brixton Estate 

2. Government to the Rescue 

Dream or Nightmare? 

Tuileries I 

Global governments have ‘intervened’ to 

avert meltdown using quantitative easing, 

capital guarantees, low interest rates, etc. 

Now the destiny of the property industry is 

in their hands. Are we headed for the rocks 

or the open sea? 

Moderator: 

Anne Kavanagh, Managing Director, 

Lazard & Co. 

Panel: 

Arne Berggren, International Banking 

Consultant, Eusticon 

Clare Breeze, Partner, Shearman & Sterling 

Peter Denton, Managing Director, 

Westdeutsche Immobilien Bank AG 

Mathieu Roland-Billecart, Assistant 

Director, Real Estate Finance, Ernst & Young 

3. Dead or Alive? 

Exaggerated Rumors of 

Development’s Demise 

Concorde 

An early downturn victim, development 

is at best dormant. Just maybe, falling 

land values, long lead time and obsolete 

existing stock mean that now is the best 

time to get back in the game. 

Moderator: 

Jon Zehner, Senior Director, 

AREA Property Partners 

Panel: 

Leon Bressler, Partner, 

Perella Weinberg Partners UK 

Stuart Lipton, Deputy Chairman, 

Chelsfield Partners 

4. Sustainability 

From Bandwagon to Salvation 

Tuileries III 

Sustainability is no longer a fad as 

investors, developers and tenants focus 

on survival. Cost reduction, economic 

incentive, social and regulatory pressure 

mean sustainability is no longer an option. 

Moderator: 

Nick Ridley, Managing Director, 

NC Real Estate Consulting 

Speakers: 

Paul Burgess, Head of London Leasing, 

British Land 

Alvaro Portela, CEO, Sonae Sierra - 

Sierra Corporate Services 

ROUND II 

1. Life After Debt 

Will Equity Rescue Real Estate? 

Concorde 

Institutions, sovereign funds and private 

equity players are sitting on mountains of 

cash. How much of it will be allocated to 

real estate? How does real estate compare 

to other asset classes? 

Moderator: 

Dennis Lopez, Global Chief Investment Officer, 

AXA Real Estate Investment Managers 

Panel: 

John Barakat, Head of Real Estate Finance, 

M&G Investments 

Paul Marcuse, Head of Global Real Estate, 

UBS Global Asset Management 

Ed Siskind, Managing Director, 

Goldman Sachs International 

Bernd Knobloch, Non Executive Director, 

Palatium Investment Management 

2. Le Grand Paris 

Rethinking the Future 

Aiglon 

Proposals are on the table to transform 

the city of light. Charles de Gaulle put a 

lid on high-rise development inside 

the peripherique and pushed it to La 

Défense and the new towns. 

Will Paris be transformed? 

Session Leader: 

Erik Sondén, Chair, ULI France 

Panel: 

Christian Delaire, CEO, AEW Europe 

Benoit du Passage, CEO, France & Southern 

Europe, Jones Lang La Salle 

Paul Raingold, President, Generale 

Continentale Investissements 

David Bourla, Head of Research, 

Cushman & Wakefield 

3. Social Media 

A New Evolution of Business 

Tuileries III 

Are you going to be digitised? Networking 

sites, such as Facebook and Twitter, are 

increasingly becoming the preferred 

method of communication. But is real 

estate lagging behind? Do we need to 

change the way we do business? 

Moderator: 

Charles Doyle, Chief Marketing Officer, 

Jones Lang LaSalle 

Speakers: 

Craig Killick, Managing Director, 

The Escape 

Brant Long, Global Head of Branding, 


Marthijn Pool, Achitect/Concept Developer, 

space&matter 

Iain O’Neil, Assistant Editor (Online), 

Property Week

AFTERNOON CONCURRENT SESSIONS 

ROUND I 

1. Opportunity Funds 

The Moment of Truth? 

Concorde 

As managers and investors reflect on 

two years of chaos and carnage, difficult 

questions are being asked about the 

purpose, structure, strategies and 

management of opportunity funds. 

The relationship between fund investors 

and the people who run them is changing. 

Is the opportunity fund a creature of 

America’s RTC that out-lived its mandate, 

or is private equity real estate a 

sustainable model that can thrive through 

cycles? Is there a better model? What will 

“OppFund version 2.0” look like? 

Moderator: 

Marc Mogull, Managing Partner, 

Benson Elliot Capital Management 

Panel: 

Joanne Douvas, Principal, Clerestory Capital 

Aref Lahham, Managing Director, 

Orion Capital Partners 

Dan Cummings, Managing Director, 

Real Estate Investments, 

Harvard Management Company 

Michael Hoffmann, President, 

Probitas Partners 

2. European Market Snapshots 

The Good, the Bad and the Ugly 

Aiglon 

This session will offer a candid picture of 

market reality. How much can you believe 

market reports let alone the press? 

What differentiates the recovering from 

the struggling from the truly hopeless? 

Moderator: 

Tony Horrell, Head of European Capital 

Markets, Jones Lang LaSalle 

Speakers: 

Antoine de Broglie, Chairman, STAM Europe 

Pere Vinolas, CEO, Inmobiliaria Colonial 

Max Barclay, Head of Communications & 

Internal Operations, Stronghold Invest 

Ulrich Steinmetz, Member of the 

Management Board, RREEF Investment 

3. Marketing & Communications 

Roundtable 

Carbon Pressure – how will this 

shape the property industry? 

Vendome 

EU research states that buildings contribute 

40% to total carbon emissions. There is an 

increased awareness of this amongst policy 

makers, governments and the public. The 

pressure on our industry to take action 

towards making carbon reductions is 

increasing. Are we getting credit for the steps 

we are taking? Are we in tune with what 

others think of us as an industry? Join 

marketing and communications leaders to 

discuss findings from a recent ULI opinion 

poll. Learn how communications strategies 

are adapting and how we can be significant 

contributors to ‘carbon reduction’ solutions. 

Led by Brian Kilkelly, Vice President Global 

Development, ULI with contributions from: 

With contributions from: 

Alexander Nicoll, Director of Corporate 

Responsibility, Liberty International PLC 

Gerhard Dunstheimer, Deputy Chief 

Executive Officer, ECE Projektmanagement 

Mark Cunningham, Director Marketing & 

Communications, Multi Development 

Melanie Völker, Head of Communications, 

Allianz Alternative Assets Holding GmbH 

Judi Seebus, Editor-in-Chief, PropertyEU 

Magazine 

Sara Thijssen, Global External Communication 

Manager, ING REIM 

Sabine Lebesque, Architecture Historian/ 

Advisor, City of Amsterdam Development 

Corporation 

Stephen Williams, Managing Director, 

Stephen Williams Associates 

ROUND II 

1. Global Market Update 

The World Comes to Paris 

Concorde 

The fall of real estate markets around the 

world was synchronized. Their recovery 

will not be. What is the new geography of 

global real estate? Tour the world in 60 

minutes and discover which markets 

again beckon. 

Moderator: 

Alec Emmott, Principal, 

Europroperty Consulting 

Speakers: 

Steve Williams, Global Advisor, 

Real Capital Analytics 

Reinhard Kutscher, Chair of the Management 

Board, Union Investment Real Estate 

Olivier Piani, CEO, Allianz Real Estate 

2. Investing in Cities 

Leveraging the Local Balance Sheet 

Aiglon 

Attracting investment is vitally important 

to creating successful cities. Difficult 

times have led to the development of new 

models of public-private collaboration. 

This session will explore how these tools 

are creating value for cities, investors 

and developers. 

Moderator: 

Greg Clark, Senior Fellow, ULI EMEA 

Speakers: 

Jordi Sacristán Adria, Marketing and 

Communications Director, Barcelona 22@ 

Valérie Mancret-Taylor, Head of the 

department SDRIF, Ile-de-France 

David Lunts, London Regional Director, 

Homes & Communities Agency 

3. Energy Efficiency Roundtable 

(Invitation only) 

Tuileries III 

An opportunity to get to the bottom of 

the critical elements of the energy 

efficiency debate and retrofitting. Share 

knowledge and look for complementary 

and overlapping solutions with peers from 

different sectors of the industry. Topics 

will include: business case for energy 

efficiency, technological and 

non-technological solutions and the 

policy context. 

Moderator: 

Sara Turnbull, Senior Consultant, Arup 

4. Success Stories 

(featuring EMEA Awards for 

Excellence 09 winners) 

Tuileries I 

Is it possible to develop holistically 

successful projects that are not only a 

financial triumph for the developer, but 

also provide a net benefit to society? 

Here, Martin Frick, Director of the Global 

Humanitarian Forum, discusses land 

development’s impact on human’s around 

the world, alongside representatives of 

three past Awards for Excellence winners. 

This session will showcase how land 

development can have a positive impact 

on society, using these three ‘success 

stories’ as examples. 

Moderator: 

Hakan Kodal, President & CEO, 

KREA Real Estate 

Panel: 

Martin Frick, Director, Global Humanitarian 

Forum (Human Impact Report) 

Josef Hohensinn, Principal, Hohensinn 

Architektur - Leoben Judicial Complex 

Mark Curry, Development Manager, 

Grosvenor (Liverpool One) 

Dr Victoria Harris, CEO, Article 25 

(Seismically resistant housing in Kashmir) 

EXPLORING issues of urbanisation, conservation, regeneration, land use, capital formation and sustainability 

Pre-Conference Events 

Tuesday, 2 February 2010 

ULI MEMBER SUMMIT 

Concorde 

17:00-18:30 

Setting the Stage: 

A Year of Reckoning – Emerging Trends 2010 

Launch of the Emerging Trends 2010 report. The report 

provides a market reality check on where to invest and 

where to avoid. A PwC/ULI publication. 

Moderator: Jonathan Short, Founding Partner & CIO, 

Internos Real Investors 

Place Your Bets: ULI Investment Challenge 2010 

With €100 million to invest in European real estate, your 

team will digest the findings of the European Trends 

report, debate the results and formulate an investment 

strategy. These are then to be presented to our “Dragons 

Den” panel of industry experts who will judge your 

choices and award prizes to the winning team. 

Dragons Den Panel: 

Aref Lahham, Managing Director, 

Orion Capital Partners 

Olivier Piani, CEO, Allianz Real Estate 

Ric Lewis, Chief Executive & Chairman, 

Tristan Capital Partners 

2010 WINTER COUNCIL DAY 

(Open to all council members and guests) 

Product Council Meetings 

ULI Councils focus on key issues in specific product 

sectors of the industry. They are small groups made up 

of senior full ULI members. The high-level groups meet 

twice a year to view projects on the ground and discuss 

topical industry issues. To enquire about joining or for 

further information, please contact ULI customer service 

at ulieurope@uli.org. 

List of councils: 

11:00-16:30 

European Office and Mixed Use Council & European 

Sustainable Development Council 

Napoleon, the Westin 

09:00-16:15 

European Resort and Hotel Development Council 

Albany, St. James & Albany Hotel 

11:00-16:00 

European Retail and Entertainment Council 

Imperial, the Westin 

10:00-16:45 

European Urban Regeneration Council 

St. James, St. James & Albany Hotel 

18:30-19:30 

Product Council De-Brief 


20:00-22:30 

Leadership Dinner 

Hotel Le Bristol, 

112, Rue du Faubourg Saint-Honoré, 75008 Paris 

(Open to product council members, supporters, leadership and 

guests. Registration required. Invitation only) 

Buses depart from the Westin hotel entrance at 19:30 

Supported by: 

Reception is supported by: 

YOUNG LEADERS FORUM 

11.00-18.30 

European Young Leaders Forum 

(Open to ULI Young Leader members and guests under the age of 35. 

Please gather at the Westin reception by 11:00 for the bus departure. 

Refreshments are available from 10:45) 

This unique programme brings together real estate 

professionals and executives from across Europe for an 

exclusive site visit to a major Paris development project 

followed by fully interactive group debates on a series of topical 

issues selected by the European Young Leaders Steering 

Committee, including scenario analysis of the future real estate 

market, and guidance on how to capture your experiences in the 

current market to become a leader in the future. 

Facilitated by Andrew Carter, Director, Rocket Science, 

the 2010 Young Leaders Forum is fast paced, 

provocative and informative – all the key ingredients for 

high-value professional development and networking. 

18:30-20:00 

Young Leaders Reception 

Wintergarden, the Westin 

Supported by: 

Wednesday, 3 February 2010 

08:00-09:00 Committee Meetings: 

Programme Advisory Board Meeting 

St. Honore 

Young Leaders Committee Meeting 

Castiglione 

BUILDING a Diverse Global Network of Industry Leaders

Conference Speakers 

John Barakat 

Head of Real Estate Finance 

M&G Investment 

London, UK 

Barakat joined M&G Investments in 

September 2008 as Head of Real Estate 

Finance and is responsible for all mortgage investments on 

behalf of Prudential plc and multiple third party clients. 

In 2007, he successfully raised a European real estate mezzanine 

fund in partnership with Resource America (NASDAQ:REXI). 

Barakat and his partner cancelled investors' commitments as 

market conditions rapidly deteriorated with the onset of the 

credit crisis. 

Barakat previously spent 17 years at Goldman, Sachs & Co. where 

he became a managing director in 1997. At Goldman, he was head 

of the Commercial Property Finance Group in London and was a 

member of the Investment Committee of the Whitehall Street Real 

Estate Fund for five years. Barakat was previously co-head of 

the Real Estate Department in the Investment Banking Division. 

Max Barclay 

Head of Communication and International 

Operations, Stronghold Invest AB 

Stockholm, Sweden 

Barclay has over 20 years of experience 

working within the real estate industry in 

the Nordic Region. Starting at an early age in Gothenburg, Barclay 

has extensive experience as an international advisor on corporate 

real estate / strategic real estate issues with organisations such as 

Nokia, Ericson, SAS, Regus, etc. He is currently responsible for 

the Stronghold groups’ international expansion as well as its 

communication covering all subsidiaries. 

Barclay is chairman of the board of Stronghold’s Norwegian, 

Finnish and Baltic companies, Newsec AS, Newsec Oy and 

Re&Solution in Vilnius. He is also one of the principal owners of 

Stronghold Invest AB. The companies in the Stronghold group are 

Newsec, Niam and Datscha with 20 offices in 8 countries with 700 

employees. The Stronghold groups’ history is a success story with 

30% annual growth over a period of 12 years. Barclay has a 

diploma in Economics from Henley Management College and a 

Masters from DIHM. 

ADVISING Government, Industry and Communities 

Dr. Andrew Baum 

Professor of Land Management 

and Director, Real Estate Executive 

Education, Henley Business School 

University of Reading, Professor of 

Real Estate Investment, University of 

Cambridge, ULI Fellow, 

Reading, UK 

Baum is Professor of Land Management at the Henley Business 

School, University of Reading, and Honorary Professor of Real 

Estate Investment at the University of Cambridge. He is also 

chairman of the investment committee for CBRE Investors Global 

Multi Manager business and has other business interests. He has 

spent the majority of the last 20 years working with institutional 

real estate investors in developing global property investment 

strategies. His experience is primarily in the UK but he has also 

worked in the US and Asia. He is author of Commercial Real 

Estate Investment (Elsevier, 2009) and several other real estate 

texts. He holds BSc, MPhil and PhD degrees from the University 

of Reading. A graduate of the LBS investment management 

programme, he is a chartered surveyor and a qualified member of 

the CFA institute (ASIP). He was elected a Fellow of the Urban 

Land Institute in 2002. 

Arne Berggren 

President 

Eusticon AB 

Stockholm, Sweden 

Berggren is President of Eusticon AB and 

is a financial and strategic consulting 

advisor for the banking authorities in several Asian and European 

countries, as well as for several large financial institutions within 

his native Sweden. Berggren is also an advisor to the Monetary 

and Exchange Affairs Department of the International Monetary 

Fund and the World Bank, where he has participated in missions 

throughout the world. 

While with the Swedish Ministry of Finance, Berggren was the 

special advisor in the area of financial institutions and markets. 

He developed the strategy and process for evaluating the condition 

of Swedish banks. He was personally involved in the restructuring 

of Nordbanken as well as the creation of Securum AB and Retriva 

AB. Berggren also worked at the Swedish Bank Support Authority, 

where he negotiated the sale and/or financial support packages for 

problem Swedish banks. 

David Bourla 

Research Analyst 

Custman & Wakefield 

Paris, France 

Bourla joined Custman & Wakefield Paris 

in September 2006. He works for the C&W 

Paris Research Department and the C&W European Research 

Group. He is involved in the making of analysis and studies on 

the French and European property markets. 

Bourla has been in charge of providing the French Chambers of 

Commerce and Industry with studies and training programs in the 

commercial planning, entrepreneurship and environmental fields. 

He received a Master of Geography from the Paris University of 

La Sorbonne and a Master of Urban and Regional Planning at the 

French Institute for City Planning (IFU). 

Clare Breeze 

Partner 

Shearman & Sterling LLP 

London, UK 

Breeze is a partner in the London Real 

Estate Group of Shearman & Sterling LLP. 

Shearman & Sterling LLP is a leading global law firm whose 

clients include many of the world's leading corporations, financial 

institutions, governments and governmental organisations, and 

presents over 900 attorneys in 19 offices worldwide practicing US, 

EU, English, French, German and Italian law. Breeze has advised 

on a variety of both domestic and cross-border real estate 

transactions with an emphasis on joint ventures, development, 

investment, hotels and resorts, property financing (secured lending 

and securitisation) and mortgage portfolio sales. 

Léon Bressler 

Partner 

Perella Weinberg Partners 

London, UK 

Prior to joining Perella Weinberg Partners, 

Bressler served in various positions as 

Chairman and Chief Executive Officer of Unibail from 1992 until 

June 2006. Previously in his career, Bressler held senior positions 

at Chase Manhattan Bank, Midland Bank, Lanvin and Worms 

& Cie. 

Bressler is a graduate of the Institut d’Etudes Politiques de Paris 

and has a degree in law. 

Michael Brodtman 

Executive Director 

CB Richard Ellis Ltd 

London, UK 

Brodtman is the Head of Valuation at CB 

Richard Ellis. CB Richard Ellis now value 

over 15,000 properties worth some £100 billion each year, 

advising all of the clearing banks, and insurance companies, 

pension funds and other substantial property owners. Brodtman 

is a member of the UK Executive Board of CB Richard Ellis and a 

Non Executive Director of IPD. He also sits on the Policy 

Committee of the British Property Federation and a member of the 

RICS Valuation Faculty Board. 

Martin J. Brühl 

Managing Partner 

Cushman & Wakefield LLP Germany 

Frankfurt, Germany 

Brühl is Managing Partner of Cushman 

& Wakefield in Germany, where the 

partnership employs some 200 staff, covering the Federal 

Republic from its offices in Berlin, Düsseldorf, Frankfurt, Hamburg 

and Munich. He holds a German banking diploma and a BSc 

(Hons) degree in Property Valuation & Finance from City 

University Business School, London. He is a Fellow of the Royal 

Institution of Chartered Surveyors and a sworn valuer accredited 

in Germany. As such, Brühl has broad experience in valuing 

real estate for German open-ended funds and other institutions 

around the globe. 

Paul Burgess 

Director - Head of London Leasing 

The British Land Company PLC 

London, UK 

Burgess has worked in the London 

property industry since 1974. Formerly a 

partner in a firm of West End agents, he joined British Land in 

1993 and is currently Head of London Leasing. 

His key responsibilities include ensuring that British Land’s 

London developments are successfully let either on or before 

completion, and assisting colleagues by providing market led 

advice and comment on building specification. 

He has made a speciality of pre-letting and has been instrumental 

in some of the largest secured in central London, including major 

new headquarters buildings for Willis, Abbey and Accenture. 

Recent major lettings include those to Bank of Tokyo – Mitsubishi 

UFJ at Ropemaker, Reed Smith LLP, Mayer Brown LLP, and 

Henderson Global Investors at The Broadgate Tower and 201 

Bishopsgate. He has also been closely involved with the 

long-term regeneration of Regent’s Place in the West End. 

Álvaro Carmona e Costa Portela 

CEO 

Sonae Sierra 

Maia, Portugal 

Portela is CEO of Sonae Sierra since 1990 

and Vice-President of Sonae Group since 

1999. He joined Sonae Group in 1985 as Managing Director of 

Modis. Since 1986 he became COO and, from 1988, President of 

Sonae Distribuição (Retail). 

Prior to joining the Sonae Group he held various positions as 

Lecturer at Universidade do Porto – department of Mechanical 

Engineer, President of Laboratorios Bial (Pharmaceutical Industry), 

and Director of COPAM, SA (Food Industry). 

Portela has a degree in Mechanical Engineering from Porto 

University, an MBA from Lisbon University, and an AMP/ISMP 

from Harvard Business School. 

Greg Clark 

Senior Fellow 

ULI EMEA 

London, UK 

Clark is Lead Advisor on City and Regional 

Development at the Department for 

Communities and Local Government, UK, Chairman of the OECD 

Forum of Development Agencies and Investment Strategies, and 

Professor at Cass Business School, City of London, and advisor to 

cities and companies world-wide. He has recently authored three 

major reports for ULI: London/New York in the 21st Century, 

Global Indicies and Closing the Investment Gap in Europe’s Cities 

In 1995, he was elected as a Harkness Fellow and spent 18 

months in the North America as a guest of the US Federal 

Government assessing city and regional economic development in 

12 north American metropolitan regions from a base as a fellow at 

Columbia University in New York City. As Chairman of the 

European Urban Development Forum from 1996 to 2000 he 

oversaw reviews of development and regeneration in 24 European 

Cities/Regions. In 2005 he reviewed urban regeneration in 7 Asian 

world cities for the OECD. In 2004 he provided training to city and 

regional development leaders form 9 Southern African cities. He 

has directed comparative studies and assessments of London and 

New York, British & Spanish cities, UK & Canadian Cities, and 

UK & Chinese Cities. 

Dan Cummings 

Managing Director – Real Estate 

Harvard Management Company, Inc. 

Boston, USA 

Cummings joined Harvard Management 

Company (HMC) as Managing Director – 

Head of Real Estate on June 29, 2009. He is responsible for the 

investment policy and management of the University’s endowment 

portfolio dedicated to real estate and Infrastructure. Prior to 

joining HMC, Cummings was a Founder and Managing Director 

of Matapeake Partners LLC, an international real estate investment 

management and development company headquartered in 

Washing, D.C. From 2000-2007, Cummings served as Senior 

Advisor and Managing Director-International Real Estate with The 

Carlyle Group. From 1979 until 2000, Mr. Cummings was a 

leading executive of LaSalle Investment Management and its 

parent, Jones Lang LaSalle Incorporated. In 1994, Cummings 

became Co-CEO and CIO of LaSalle Investment Management, 

which had more than $22 billion in assets under management 

when he left the firm in 2000. He was a member of the Board 

of Director of LaSalle Partners and Jones Lang LaSalle from 

1997-2000. 

THINKING GLOBALLY: Members in 92 Countries

Mark Cunningham 

Director Marketing & Communications, 

MULTI Corporation 

Amsterdam, The Netherlands 

Cunningham has been Director of 

Marketing and Communications for Multi 

Corporation since May 2008. He is responsible for all Corporate 

marketing, PR and branding and for the 41 shopping centers run 

by Multi Mall Management across Europe. He was previously CEO 

of the TBWA/ and CEO of Saatchi & Saatchi Netherlands 

communications groups and a Director of Saatchi & Saatchi 

International. Starting as a graduate trainee at JWT London he has 

been responsible for local, regional and global communications 

campaigns based in New York, Hong Kong and London. 

Mark Curry 

Development Manager 

Grosvenor Britain & Ireland 

London, UK 

Curry works as a Development Manager 

within Grosvenor’s London Estate Team 

with a focus on West End offices. He is also responsible for the 

delivery of the innovative Public Realm initiative in London. 

Prior to this he worked as part of the Development Management 

team on Grosvenor’s Liverpool ONE scheme. Curry practiced as a 

solicitor specialising in corporate law at a major London law firm 

before joining Grosvenor. 

Antoine de Broglie 

Chairman, 

STAM Europe 

Paris, France 

de Broglie is STAM Europe’s founder, 

President and one of the major 

shareholders. Before founding STAM in 1997, de Broglie had, in 

1992, set up Transinvest, one of the first investment banks in 

France which specialised in real property. Prior to that, de Broglie 

had created and managed a venture capital company in partnership 

with the Princely Family of Liechtenstein and a construction group 

in the Middle East. de Broglie is a graduate of the Paris Institute of 

Political Science (Sciences Po). He also holds law and economics 

degrees from Parisian universities. de Broglie was until recently 

President of the French Council of the ULI (Urban Land Institute). 

Christian Delaire 

CEO, AEW Europe 

Paris, France 

Delaire is Chief Executive Officer of AEW 

Europe, overseeing the management of 

over €18 billion in real estate investment. 

A French national, Delaire brings a wealth of real estate 

investment management experience. He joins AEW Europe after 15 

years with AXA Real Estate Investment Managers, headquartered in 

Paris, where he most recently served as the Global Head of Fund 

Management. He was responsible for the oversight and 

management of €42 billion in assets, and led a pan-European 

team of 80 professionals. As a member of the firm's executive 

committee and investment committee, Delaire was involved in the 

overall strategic direction and growth of the company. He joined 

AXA REIM France in 1994, and rapidly progressed through the 

organisation from an analyst to positions of increased 

responsibility, including head of corporate finance, head of 

arbitrage and head of fund management. He began his career as 

an auditor with KPMG and holds a graduate degree from ESSEC 

Business School in Paris. 

Peter Denton 

Managing Director 

WestImmo 

London, UK 

Denton is a Managing Director and Head 

of UK Investors & Financial Sponsors 

coverage at West Immo. He is responsible for the management of 

the bank's coverage of UK based domestic and international 

investors as well as the Financial Sponsor community. Denton was 

previously a Managing Director at Barclays Capital and 

Eurohypo managing large loan EMEA origination. 

KNOWLEDGE: 5 Senior Fellows & 13 Academic Fellows 

Joanne Douvas 

Principal 

Clerestory Capital Partners 

New York, USA 

Douvas is a founding principal of 

Clerestory Capital Partners, LLC, a real 

estate investment management company. She has more than 26 

years of real estate experience, most recently as head of JPMorgan 

Asset Management’s Real Estate Fiduciary Services Group. 

During her eight-year tenure with JPMorgan, Douvas was 

responsible for managing a US$1.5 billion portfolio of core and 

value-added investments. Ms. Douvas served on the advisory 

committees of 42 real estate private equity funds and acted as 

a lead investor in a number of first-time real estate private 

equity funds. 

Douvas is a licensed architect, an Assistant Adjunct Professor at 

Columbia University, and was named by Private Equity Real Estate 

magazine in Fall 2006 as one of the “30 Most Influential” in 

private equity real estate. She holds a B.A. and M.Architecture 

from the University of Pennsylvania, an M.B.A. in finance from 

Wharton, and has authored articles for the Wharton Real Estate 

Review and the German Hanbuch Real Estate Private Equity 

(Rudolf Muller GmbH und Co. KG). 

Dr. Charles Doyle 

Chief Marketing Officer 


London, UK 

Doyle is the Chief Marketing Officer of 

Jones Lang LaSalle with global 

responsibilities for all marketing, communications and research 

staff and programmes in Jones Lang LaSalle (approximately 600 

staff) worldwide. He was appointed to the position in September 

2007 and recently completed the Firm’s world-wide brand 

positioning project. 

Previously, Doyle was global head of business development and 

marketing for Clifford Chance, the world’s largest law firm. Prior to 

that he held a number of roles with Accenture between 1997-2005 

which included leadership of the global image development group, 

all service line marketing, and the global industry marketing group 

for Communications and High Tech. Doyle has also held senior 

roles for British Telecom, Fujitsu Services and the UK Atomic 

Energy Authority. 

With 25 years experience, Doyle has specialized in all aspects of 

professional services marketing and communications, global 

brand and image development, and international business 

development and strategy. 

Gerhard L. Dunstheimer 

Deputy CEO 

ECE Projektmanagement G.m.b.h. & Co. KG 

Hamburg, Germany 

Dunstheimer is Deputy Chief Executive 

Officer for ECE Projektmanagement 

G.m.b.H. & Co. KG. Prior to taking on this role in 2009, 

Dunstheimer served in various roles at ECE, including Managing 

Director and Deputy Managing Director of Project Development, 

Divisional Head for Leasing in the North and North-East, and the 

Assistant to the CEO. Dunstheimer also worked as a Consultant 

for INTES Zurich in Switzerland from 1996-1998. 

Dunstheimer received a degree in economics from University 

St. Gallen in Switzerland and studied economics at WHU Koblenz 

(German), LUISS Rom (Italy), PennState University (USA), and 

the University St. Gallen (Switzerland). He was born in 1969 

in Augsburg. 

Benoît du Passage 


France and Southern Europe 


Paris, France 

du Passage’s primary responsibility as 

Managing Director for Southern Europe is cross-border business 

development and the management of the Spanish, Italian, 

Portuguese and French offices, encompassing 500 employees. 

He is also a member of the European Board. He has continuously 

advised large institutions on market cycles, such as Caisse des 

Dépôts et Consignations and Hammerson. He is particularly 

well-known in the Spanish and French industries, where he also 

chairs the professional association FNAIM Enterprises. 

du Passage began his career with Jones Lang LaSalle in 1985, 

after having spent 4 years in the banking sector. He then spent 

8 years in Spain where he started the Barcelona office, prior to 

taking on the position of General Manager for Spain. In 1995, 

he transferred to Paris and took up his current role as 

Managing Director. 

du Passage graduated from the Faculté Autonome et Cogérée 

d’Economie (FACO) in 1980 with a Masters in Law. 

Alec Emmott 

Principal 

Europroperty Consulting 

Paris, France 

Emmott MA MRICS is a graduate of Trinity 

College, Cambridge and holds an M.A. in 

Land Economy. After working in South Africa, the US and the UK, 

he moved to France in 1973 and in 1995 joined SFL (a listed 

French property company which opted for SIIC - tax 

transparent - status in 2003) as advisor to the Chairman and 

subsequently Managing Director, until 2007. He subsequently 

created Europroperty Consulting in Paris advising on European 

Real Estate issues. Emmott is Chairman of the European Asset 

Value Fund, a member of the Board of IPD France and the French 

listed Property Federation (FSIF), and a non-executive director 

of companies within the Martin Currie Group, Weinberg Capital 

Partners and Catella Property Group. 

John Forbes 

Real Estate Industry Leader, 

Europe, Middle-East and Africa 

PricewaterhouseCoopers LLP 

London, UK 

Forbes is a partner in the London office of 

PricewaterhouseCoopers LLP. He leads the Real Estate Industry 

Practice in Europe, the Middle-East and Africa. He has been with 

the firm for over twenty years, six of them in Russia where he led 

the real estate practice. He leads the practice across various 

services for the real estate industry, covering four broad areas: 

product structuring and advice (real estate funds, REITs and 

property derivatives), transactions, assurance and compliance, 

and operational efficiency and sustainability. 

Forbes’ clients are real estate fund managers, real estate 

investment bankers and other professionals in the real estate 

industry. He is a leading adviser on international real estate fund 

structuring and has advised on the establishment of pan-European 

and global real estate funds and fund of funds, as well as similar 

funds for investment in infrastructure, hotels and other real estate 

operating assets. 

Martin Frick 

Deputy CEO/Director 

Global Humanitarian Forum 

Geneva, Switzerland 

Frick is the Director of the Global 

Humanitarian Forum. He also acts as 

Deputy CEO. A long-term German diplomat prior to joining the 

Forum in October 2007, Frick served as the German Deputy 

Ambassador in Albania from 2001-2002. From 2002-2005, Frick 

was the Cabinet Affairs Advisor to the German Federal Foreign 

Minister Joschka Fischer. He has since been the German 

representative for human rights and humanitarian affairs to the 

UN General Assembly. He served on the NGO committee of the 

Economic and Social Council of the United Nations and the UN 

Democracy Fund Board. As a negotiator, he worked on the 

Convention on the Rights of Persons with Disabilities, for human 

rights resolutions of the UN Security Council and the building of 

the UN Human Rights Council. 

Dr Victoria Harris 

CEO 

Article 25 

London, UK 

Harris set up Article 25 in June 2005 (then 

known as Architects for Aid). She has a 

BSc in astrophysics and a PhD in nuclear physics from Imperial 

College London co-authoring 70 published collaboration papers 

on the physics of proton electron collisions. She followed with 

five years in investment banking and two further years in banking 

consultancy, working in the areas of derivatives and securitisation. 

Seeking a career change into the not for profit sector, Harris began 

a second PhD (in experimental psychology) at Cambridge 

University working on research with the Autism Research Centre 

and in the department of psychiatry. At the same time she also 

undertook professional experience in psychology, working in 

hostile environments including conflict zones. This influenced her 

interest in and move full time into development work and post 

disaster redevelopment and reconstruction, and ultimately to 

setting up Article 25 with the founding Trustees. Harris is currently 

a visiting academic supervising a PhD in disaster relief in the 

department of Architecture at Queens University Belfast. Harris is 

the full-time chief executive of the charity. 

RECOGNITION: 5 Global Awards

Simon Hersom 

Real Estate Adviser 

RBS Global Banking & Markets 

London, UK 

Hersom entered the banking business in 

1972 and first became involved in real 

estate finance in 1981, firstly a NM Rothschild, and then at Royal 

Bank of Scotland, a bank whose abilities in this sector have been 

well publicised. Hersom has built and managed real estate 

banking businesses in many countries across Europe, the Middle 

East, and Asia Pacific, and has avoided more crashes in more 

countries than many others. 

Hersom currently uses his unrivalled expertise in advising clients 

in the complexities of a change and changing marketplace. 

Michael Hoffmann 

President/Founding Partner 

Probitas Partners 

San Francisco, USA 

Hoffmann is responsible for overseeing 

Probitas Partners’ policy and overall 

corporate strategy, as well as building and maintaining 

institutional investor relationships in North America and abroad. 

Prior to founding Probitas Partners, he was a Director at Credit 

Suisse First Boston (formerly Donaldson, Lufkin & Jenrette) in 

the Private Fund Group. Prior to CSFB, Hoffmann held senior 

managerial and investment positions with MetLife Realty and AMB 

Realty Advisors. He began his career as an attorney with the law 

firms of Johnson Bromberg and Allen Matkins, specializing in the 

structuring of complex corporate transactions. 

Hoffmann is a member of the State Bars of California, Texas and 

Wisconsin. He has served on the Board of Directors of the 

University of Wisconsin Real Estate Alumni Program and 

continues to be an active academic and conference lecturer at 

various national symposia. He holds a BA in English, Sociology 

and Political Science, an MBA, and a JD from the University of 

Wisconsin, Madison. Hoffmann has 26 years of experience in 

the industry. 

ACTING LOCALLY: 66 District Councils 

Josef Hohensinn 

Architect 

Hohensinn Architektur 

Graz, Austria 

Hohensinn was born in Linz, Austria in 

1956. After studying architecture at Graz 

University of Techology, he was an assistant professor at the 

Institute for Rural Settlements at the Graz University of Technology 

from 1990 to 1995. From 1996 to 1997, Hohensinn worked for 

the Riess-Hohensinn partnership, and in 1998, he founded 

Hohensinn Architektur in Graz, Austira. 

The focus of Hohensinn’s approach to architecture is the careful 

handling of existing structures and respect for occupants’ needs. 

These premises are crucial for his designs and determine how he 

tackles a building task. By means of intelligent, user-oriented 

planning and appropriate measures tailored to specific conditions, 

he aims to create qualities and synergies in the interest of all those 

involved and in the spirit of responsible architecture. 

Hohensinn places a special emphasis on the conception and 

execution of buildings with highly complex functional and security 

related demands, such as prison facilities. For example, he 

planned and completed the Leoben Prison Centre (Justizzentrum 

Leoben) in 2003. The concept and implementation of this project 

have become prototypes and beacons for a new humane, modern 

prison architecture. Further prison facilities are currently being 

planned and built in Austria and Germany (Berlin, Heidelberg) on 

this model. 

Tony Horrell 

Former International Director 


London, UK 

Horrell was an International Director and 

Head of Jones Lang LaSalle's European 

Capital Markets group and the International Capital Group. With 

over 27 years of industry experience, he led the European Capital 

Markets business, encompassing over 450 professionals across 

24 countries – which, since the start of 2006 completed over US 

$150 billion of sales, acquisitions and finance transactions. 

Horrell also led the International Capital Group, focused on 

harnessing cross-border capital flows between the regions, 

Europe, Middle East, Asia Pacific, and the Americas. The Group 

was dedicated to serving globally oriented clients who wished to 

build international portfolios, focusing on assets in excess of 

US$100 million. 

Horrell has 17 years of experience in the London office market, 

providing advisory and agency services to a wide range of 

corporate occupiers, institutional investors and developers. 

During the last eleven years, Horrell was responsible for the 

company's relationships with some of Europe's most notable and 

active pan-regional investors, ensuring seamless cross-border 

and local service delivery across all markets. 

Anne Kavanagh 


Lazard & Co. 

London, UK 

Kavanagh is a Managing Director at Lazard 

focusing on European real estate activities. 

She is responsible for developing Lazard’s real estate principal 

business in Europe. She was previously Head of European Real 

Estate at Cambridge Place Investment Management. Prior to that 

experience, she was an International Director at Jones Lang 

LaSalle (JLL) where she gained over 20 years experience in a 

range of transactional, advisory and strategic roles in Europe. 

Brian Kilkelly 

Vice President Global Development 

The Urban Land Institute EMEA 

London, UK 

Kilkelly joined ULI as Vice President Global 

Development in January 2007. His role is 

to provide a strategic focus to the growth of the Institute as the 

property business becomes increasingly global and competitive. 

In particular, Kilkelly is leading a major new ULI initiative in 

Europe, the Urban Investment Network to create a platform for 

enhancing public – private collaboration. Brian has a wealth of 

development experience from not-for-profit organisations such as 

Age Concern, Sightsavers International and the Royal Academy of 

Arts. He also enjoyed a successful commercial career whilst 

working for Marconi in Europe and for Ericsson in Asia Pacific. 

Kilkelly is a Fellow of the London based RSA - Royal Society for 

the encouragement of Arts, Manufactures & Commerce. 

Craig Killick 


The Escape 

Hampshire, UK 

Killick is the Managing Director of The 

Escape, a web agency focused on 

delivering results-driven marketing solutions. This encompasses a 

combination of marketing strategy, creative design, web interface 

design, programming & user experience; as well as web 

copywriting and search engine optimization. He is also the author 

of “Common Sense SEO for Small Business” which is given away 

free online and has been downloaded over 20,000 times 

worldwide. Killick regularly presents global industry seminars for 

web strategy and online marketing. 

William P. Kistler 

President 

The Urban Land Institute EMEA 

London, UK 

Kistler has been the president of ULI 

EMEA, since 2002. He has over 25 years of 

international real estate industry experience. 

He has held key positions with corporations, development 

companies and professional service providers. Prior to joining 

ULI, Kistler was founder and Managing Director of Equinox 

Partners, an advisory and executive search firm with five offices in 

Europe and the U.S. Before this he was General Manager of the 

resort/community development division of the Disney 

Development Company, responsible for the Disneyland Paris - 

Val d'Europe project. The 2,000 hectare program incorporated 

hotels, retail, entertainment, convention facilities and a residential 

and office development adjacent to the theme park. 

Prior to Disney, Kistler was Vice President of Design & 

Construction for JMB Properties in Chicago, where he led the 

redevelopment of office and retail assets throughout the US. 

He joined JMB from Cushman & Wakefield, where he was Vice 

President of Corporate Services. Kistler spent 12 years in various 

corporate real estate positions at IBM in the US and Europe. 

Bernd Knobloch 

Non Executive Director 

Palatium Investment Management 

Frankfurt, Germany 

Knobloch studied Law and Business 

Administration. He graduated with a degree 

in Business Administration, followed by the 2nd Bar exam in 1978 

and his admission to the German Bar. From 1979 until 1991, 

Knobloch was Managing Partner of Allgemeine Bauträger mbH 

Cederbaum. In 1991 he joined the Frankfurter Hypothekenbank 

and was Chairman of the Managing Board of Directors of 

Eurohypo AG until 2008. From 2006 until 2008 he was Member 

of the Board of Managing Directors of Commerzbank AG. From 

November 2008 until August 2009 Knobloch was Member of the 

Supervisory Board of Hypo Real Estate Holding AG. In March 

2009, Knobloch became Board Member of Josef Schörghuber 

Foundation. He is Non Executive Director of Palatium Investment 

Management Ltd as well as Member of the Executive Committee 

of ULI Europe. 

Hakan Kodal 

CEO 

Krea Real Estate 

Istanbul, Turkey 

Kodal, since July 2007, is the President & 

CEO of Krea Real Estate based in Istanbul, Turkey. He is also the 

Chairman of the Investment Committee of Bosphorus Real Estate 

Fund, jointly managed by Merrill Lynch GPI and Krea Real Estate. 

Between 1997 - 2007, he was the General Manager of Yapı Kredi 

Koray Real Estate Investment Company. Before 1997, he worked 

as a corporate finance manager at Garanti Investment Bank, 

Istanbul. Between 1991 – 1995, he held various positions at 

Coopers & Lybrand, Corporate Finance in Paris. Kodal holds a 

Bsc. Degree in Electronics and Telecommunication from Istanbul 

Technical University and Graduate degree from Ecole Superieure 

de Commerce de Paris. He is the founder Chairman of the 

National Association of Turkish Real Estate Investment Companies 

(GYODER), Global Trustee of Urban Land Institute (ULI) and 

Founder Chairman of ULI Turkey. 

Dr. Reinhard Kutscher 

Chairman of the Management Board 

Union Investment Real Estate GmbH 


Kutscher has worked in the real estate 

business since 1984 after attending both 

law school and bank training. At his previous post at Deutsche 

Bank, his responsibilities included the development and 

management of real estate projects in Japan and around the world, 

and the development of real estate investment products. 

From 1990 to 1998, Kutscher was Managing Director of Deutsche 

Grundbesitz Invest (DGI), Deutsche Bank's Investment Company 

for open ended real estate funds. From 1999 to 2007, he was a 

member of the Management Board of Union Investment Real 

Estate AG (formerly DIFA Deutsche Immobilien Fonds AG), the 

investment company for open-ended real estate funds within the 

financial network "FinanzVerbund der Volksbanken 

Raiffeisenbanken". Since 2007, Kutscher has served as Chairman 

of the Management Board of Union Investment Real Estate AG 

(now in the legal form of a GmbH). His main responsibilities 

include portfolio strategy, fund management, finance, real estate 

marketing and communication. 

Aref Lahham 


Orion Capital Managers 

London, UK 

Lahham is a Managing Director and 

founding Partner of Orion Capital 

Managers, an international real estate private equity investment 

firm. Orion has sponsored four Funds with over €10 billion of 

total investment capacity, targeting a wide range of real estate 

investments throughout Europe. 

Prior to forming Orion Capital Mangers, Lahham worked 7 years 

with LaSalle Partners where he was a key leader in the 

development of LaSalle’s European operations in the early 90s 

and in particular the Paris office which he opened in 1994 and 

ran until 1999. 

Lahham has an MBA from INSEAD in France, a M.Eng in Civil 

Engineering from Cornell University and a BSc in Civil 

Engineering from Purdue University. 

BRINGING PEOPLE TOGETHER: Meetings, Conferences, Professional Development and Information Initiatives

Sir Stuart Lipton 

Deputy Chairman, 

Chelsfield Partners 

London, UK 

Lipton has served as a commercial 

developer since late 1960's and is 

responsible for over 20m sq/ft of development in over 50 projects 

including Broadgate, Stockley Park, Chiswick Park and the 

Treasury. Lipton is currently working on a number of large 

projects in London including the redevelopment of the former 

Commonwealth Institute building and Camden Market. 

In addition to being a ULI Trustee for over a decade, Lipton was 

also founding Chairman of the Commission for Architecture and 

the Built Environment. Lipton is interested in art in public space 

and focuses on the quality of design of new buildings and public 

space. He has championed the use of high quality architects, 

demonstrating that every project should be of civic value. 

Brant Long 

Global Brand Director 


London, UK 

Long believes that to manage the changes 

companies face, they must cultivate 

connections between corporate strategy and the expectations of 

their stakeholders. During 15 years of building brands for leading 

firms in professional services, finance, technology, telecoms and 

retail, he has constantly sought fresh ways to engage with internal 

and external audiences. 

Since 2008 Long has been managing Jones Lang LaSalle’s 

corporate brand. He is responsible for design, naming, brand 

architecture, messages and co ordinated communications—both 

on- and off-line—worldwide. 

Long has held various corporate marketing staff positions in the 

US and Europe, most recently at Citibank EMEA where he was 

regional head of branding. He also worked on the agency/ 

consulting side in advertising (Grey Worldwide), e business 

(Scient, now part of LBi), and branding (FutureBrand and Lister 

Butler). His clients included AlBaraka Banking Group, AT&T, 

Foot Locker, Limitless, Nokia, PricewaterhouseCoopers, Royal & 

Sun Alliance, Sprint, and Zurich. 

Long holds degrees from Duke University and Northwestern 

University. 

Dennis G. Lopez 

Global Chief Investment Officer 

AXA Real Estate Investment Managers 

London, UK 

ENGAGING: 92 Sustaining Member Organisations 

As Global Chief Investment Officer, Lopez 

is responsible for the management of the 

complete range of AXA REIM Funds and contribution to the 

expansion of AXA REIM activities. With over 23 years spent in the 

real estate industry, Lopez has extensive experience in investment 

management and investment banking. Lopez has a deep 

knowledge of the European, US, Indian and Russian markets and 

has been involved with investors from Japan, the Middle East, US 

and Europe. 

Prior to joining AXA REIM, he was Chief Executive Officer of Sun 

Real Estate which operated in Russia, Eastern Europe and India. 

Before, he was successively Global Head of Real Estate at 

Cambridge Place Investment Management (2005-2007) and had 

several assignments at JP Morgan including Managing Director 

and Head of European Real Estate (1998-2004). Lopez graduated 

from the University of California at Los Angeles with an MBA 

in Finance and Accounting. 

David Lunts 

London Regional Director 

Homes & Communities Agency 

London, UK 

Lunts is Regional Director for London at 

the Homes and Communities Agency. He 

was previously Executive Director for Policy 

& Partnerships at the Greater London Authority, with responsibility 

for planning, regeneration, environmental and social policy. 

Before moving to the GLA in February 2005, he was Director of 

Urban Policy at the Office of the Deputy Prime Minister, where he 

played a key role in the sustainable communities plan and wider 

urban and regional policy, including sponsorship of English 

Partnerships, the Core Cities and the Northern Way. 

He began his regeneration career in Manchester where he was 

Chair of the City Council’s Housing Committee from 1988 – 95, 

and led the City Challenge renewal of Hulme in the early 1990s. 

Lunts moved to London in 1996 to run the Urban Villages Forum, 

a widely supported membership not-for-profit group, and 

established a joint projects team with English Partnerships to 

deliver major mixed development schemes. He became the chief 

executive of the newly formed Prince’s Foundation in 1998, a 

projects, teaching and policy charity for the urban and built 

environment. He was also a member of Lord Rogers’ Urban 

Task Force. 

Valérie Mancret-Taylor 

Director of Regional Master Planning, 

Manager of the SDRIF Mission 

Région Ile-de-France –UAD 

Paris, France 

Mancret-Taylor is the Director of Regional 

Master Planning for the Ile-de-France region since 2008 and 

Manager of the SDRIF mission since 2005. In this role, 

Mancret-Taylor manages the organisation of technical committees, 

consultation processes, and the preparation of project documents 

for votes from the Regional Assembly of the Région Ile-de-France. 

She also participates in the management of the “Syndicat mixte 

d’Etudes – Paris Metropolis” and the organisation and analysis 

of the international consultation for “Le grand Pari(s) of the 

IDF region”. 

Prior to her role as Director, Mancret-Taylor was Manager of 

Urban Planning and Spatial Project Group for the Ile-de-France 

Région until 2005. From 2000 to 2003, she was County Delegate 

of the ANAH for Paris, and from 1985 to 1999, she worked on 

several projects related to housing and urban planning, including 

a renewal strategy for the RN3 (national route), and a project for 

the City of Stains. 

Mancret-Taylor also has extensive experience in architecture 

and real estate, is an Instructor in the Urban Planning Masters 

Program at Science-Po Paris, and regularly speaks on urban 

planning at conferences throughout the world. 

Paul W. Marcuse 

Member of Group Managing Board / 

Head of Global Real Estate 

UBS Global Asset Management (UK) 

London, UK 

Marcuse is a Member of UBS Group 

Managing Board and Head of Global Real Estate at UBS Global 

Asset Management, responsible for investments in direct real 

estate, unlisted funds and listed real estate securities globally. 

He is also a member of the UBS Global Asset Management 

Executive Committee, and he chairs the UBS Global Real Estate 

Management Committee. 

Prior to joining UBS Global Asset Management in 2007, 

Marcuse spent almost seven years as Chief Executive Officer of 

AXA Real Estate Investment Managers. Before this, he held various 

positions at Rodamco, the Union Bank of Switzerland, BZW and 

Goldman Sachs. 

Marcuse is on the Board of Directors of Mitsubishi Corp.-UBS 

Realty Inc. He is also a member of the IVG Advisory Board and a 

member of the University of Cambridge Advisory Board for Real 

Estate Finance MPhil. He holds an Honorary FRICS and was 

voted "European Property Personality of the Year" in 2005. 

Marc Mogull 

Managing Partner 

Benson Elliot 

London, UK 

As Managing Partner of Benson Elliot, 

Mogull leads one of Europe’s most 

respected and dynamic private equity real estate firms. Based in 

London, the firm manages €850 million of equity in two funds. 

Mogull’s investment career spans 25 years, including 20 in 

Europe. Before founding Benson Elliot, Mogull established and 

led the Doughty Hanson Real Estate Fund, widely regarded as one 

of Europe’s most successful private equity real estate funds. 

Previously, he established the Property & Tourism unit at the 

EBRD, where he pioneered investing in Central and Eastern 

Europe. Mogull began his European career in 1990 with Goldman 

Sachs, following four years at Chicago-based JMB Realty. Mogull 

holds a BS in Economics from the University of Pennsylvania 

(Wharton), and an MBA from Northwestern University (Kellogg). 

In addition to serving as Vice Chairman of the ULI’s UK Council, 

Mogull is a member of the Bank of England Property Advisory 

Forum, the Cambridge University Real Estate Advisory Board and 

the Kellogg European Advisory Council. 

Jeremy Newsum 

Executive Trustee 

Grosvenor Estate 

London, UK 

Newsum has been Executive Trustee of 

the Grosvenor Estate since 1993. The 

Grosvenor Estate comprises all of the business and private 

interests of the Grosvenor Family. From 1989 to end June 2008, 

he was Group Chief Executive of Grosvenor, the real estate 

development and investment company with interests in Central 

London, elsewhere in the UK, Continental Europe, South East 

Asia, North America and Australia. The Group operates in all 

sectors of the property market and manages total assets of $22bn. 

He is also a member of the Council of Imperial College, London 

and the Advisory Board to the Land Economy Department at 

University of Cambridge. He was President of the British Property 

Federation for the year 2001/2002. Newsum was a member of the 

Assets Committee of the Church Commissioners from 1993 until 

December 2000 and a Director of the French property company, 

Société Foncière Lyonnaise, from 1997 – 2002. 

Alexander Nicoll 

Director of Corporate Responsibility 

Liberty International 

London, UK 

Nicoll is Director of Corporate 

Responsibility for Liberty International 

PLC, the UK FTSE100 property company. Nicoll is responsible for 

the full range of CR activities carried on throughout all parts of the 

Liberty International group. He also advises on a range of 

corporate affairs issues. He has been a member of Westminster 

City Council since 1994. Nicoll was Lord Mayor of the City of 

Westminster for 2006-7. He was a candidate for election to the UK 

Parliament in 2001 and was Chairman of the centre-right Bow 

Group 1994-5. 

Iain O’Neil 

Online Editor 

Property Week 

London, UK 

O’Neil is a former print journalist who 

worked in newspapers for five years before 

making the switch to online journalism six years ago. He has 

been at Property Week for two years driving traffic from 30,000 

unique users per month to more than 120,000, and successfully 

launching Property Week’s first proper foray into social networking 

– The Property Network. The Network – which was only launched 

in November 2009 – now has more than 1,000 property professionals 

signed up as members and generates around 200,000 

page impressions each month. 

Steven Owen 

Former Deputy CEO 

Brixton plc 

London, UK 

Owen joined the board of Brixton plc in 

1992 as Finance Director and was Deputy 

Chief Executive from 2000 until the sale of Brixton in 2009. 

He has extensive experience of real estate corporate finance 

transactions and formulating and executing financial, investment 

and commercial strategies for a quoted real estate company. 

In 2009 as Deputy CEO, he played a key role in ensuring Brixton’s 

survival. This involved exploring and considering all options 

available including an equity issue, debt renegotiations, sale of 

assets, sale to a private buyer and a takeover. The process 

concluded with the recommended acquisition by SEGRO in 

August 2009 for an enterprise value of £1.1 billion. 

Olivier Piani 

CEO 

Allianz Real Estate 

Paris, France 

Piani joined Allianz Group in September 

08. In his new role he will establish and 

implement a global real estate investment platform for Allianz 

Group, combining its regional real estate units under one roof. 

With total real estate assets under management amounting to 

nearly 20 billion Euros, Allianz is one of Europe’s largest real 

estate investors. Piani joins Allianz from GE Capital Real Estate 

Europe where as CEO he successfully built up the company and its 

pan-European real estate portfolio. Prior to joining GE in 1998, 

he was CEO of UIC-Sofal and Deputy Head of Real Estate 

Restructuring of Paribas Group. 

Piani holds a BA degree from Ecole Superieure de Commerce de 

Paris and an MBA degree from Stanford University. 

Marthijn Pool 

Architect/Concept Developer 

Space&matter 


In 2009 Pool joined Tjeerd Haccou and 

Sascha Glasl in founding space&matter, an 

architecture and research practice based in Amsterdam. 

Within space&matter, Pool and his colleagues involve a diverse 

spectrum of matters as input for their design process. This allows 

them to enrich and innovate spatial concepts and strategies that 

aim to have significance far beyond the conventional realm of 

architecture. 

With backgrounds in urbanism, architecture, research, social 

media and Building Information Modeling (BIM), the team has a 

wide angled view on the world and a strong set of skills that backs 

up their creative thinking. The diversity of their experiences results 

in a holistic approach that encompasses all relevant levels of 

scale. 

space&matter’s keen interest in contemporary culture is the 

common denominator in their office. It keeps them well connected 

to the 'now' and the 'then', and enables them to come up with 

adequate and effective solutions for present-day as well as future 

problems. 

KNOWLEDGE: Over 160 Publications

Paul Raingold 

President 

Générale Continentale Investissements 

Paris, France 

Raingold is the Founder and President of 

Générale Continentale Investissements, a 

Paris-based organisation established in 1975. Générale 

Continentale Investissements has invested over 1,000,000 in 

offices and other commercial properties mainly in the Paris 

region and other major cities in France with top quality Partners 

and Banks. Tenants have included major national and international 

companies as well as the French Administration. 

Raingold is a graduate of the University of London and a Fellow of 

the Royal Institute of Chartered Surveyors. 

Nicholas Ridley 


NCReal Estate Consulting 

Lincolnshire, UK 

Ridley established NCReal Estate 

Consulting in 2009 following a career 

spanning 3 decades in Central London office advisory work. 

Over the last decade his work has become additionally evolved 

internationally. This work has taken Ridley to many cities in the 

United States, Europe and recently Russia, Kazakhstan and 

Georgia. He has acted for developers, investors and occupiers. 

His primary market remains London and the UK. 

Ridley’s holistic approach to property advisory work stems from 

his deep understanding of a wide range of property related matters 

including issues of effective transactional services, development 

consultancy, sustainability challenges, investment work, and the 

importance of excellent property management. Ridley gives a 

highly personalised service to clients and brings a refreshingly 

creative and honest perspective to property considerations. 

He also offers consultancy services for real estate businesses 

including strategic planning, teambuilding and coaching. 

Ridley is Immediate Past President of the British Council for 

Offices. 

Struan Robertson 

Co-Head of Global Real Estate Banking, 

Morgan Stanley 

London, UK 

Robertson first joined Morgan Stanley in 

1988 and worked in the Mortgage Finance 

and Corporate Restructuring departments in New York. In 1990 he 

joined the Firm's European Real Estate department in London, 

spending the mid-to-late 1990’s in Europe with a focus on the 

Continent. He moved to Tokyo at the end of 2000 as Head of Asian 

Real Estate Investment Banking and returned to Europe mid-2002 

as Co-Head of European Real Estate Investment Banking. More 

recently, he ran both the investment banking and the principal 

investment business in Europe and the Middle East before 

becoming Co-Head of Global Real Estate Banking based in 

London and Paris in 2007. Robertson graduated from Yale 

University with a BA in History. 

Mathieu Roland-Billecart 

Real Estate Finance 

Ernst & Young LLP 

London, UK 

Roland-Billecart is an Assistant Director in 

the Real Estate Corporate Finance team in 

Ernst & Young's London office. He is an experienced corporate 

financier having worked on a wide variety of real estate and 

infrastructure transactions, covering buy side/sell side M&A, 

capital raising and restructuring mandates, in the UK and Europe. 

Recently he has been heavily involved in a number of high profile 

real estate restructuring cases being managed by Ernst & Young, 

including the receivership and sale to Max Property of the £250m 

Industrious portfolio and the administration of a portfolio of offices 

in London known as the Protractor portfolio (£1.15bn). 

Roland-Billecart also recently advised the UK Government on the 

potential participation of a UK bank in the Asset Protection 

Scheme and an Irish bank on the transfer of its real estate loan 

book into the National Asset Management Agency (NAMA). 

LEADERSHIP: 115 Trustees Globally, Including 16 In Europe 

Jordi Sacristán Adrià 

Marketing & Communicatiosn Director 

Barcelona 22@ 

Barcelona, Spain 

Sacristán Adrià is the Marketing and 

Communication Manager of 

22@Barcelona, the most strategic urban and economic renewal 

project in the city of Barcelona and one of the biggest in Europe, 

which is transforming the former industrial areas of the city into 

an innovative business district where talent and knowledge are the 

driving forces. 

Sacristán Adrià holds a bachelor’s degree in Barcelona, a Master’s 

degree in Marketing and Sales Management from ESADE and a 

PhD in Marketing Research. Sacristán Adrià has over 12 years of 

experience in marketing, having worked at different international 

industrial corporations and in the financial sector before coming 

to 22@Barcelona. Sacristán Adrià’s responsibilities at 22” have 

included the economic promotion of the district, not only 

regarding direct foreign investment but also knowledge transfer; 

national and international projection; creation and communication 

of service for companies; and designing communication policies 

for the project’s different target groups. 

Judi Seebus 

Editor in Chief 

PropertyEU 


Seebus is the Australian-born editor in 

chief of PropertyEU, the portal for the 

European property sector. From its headquarters in Amsterdam, 

PropertyEU provides a daily digital newsletter, weekly updates 

on recent deals, a monthly magazine and annual publications 

including the Who’s Who of European real estate. PropertyEU’s 

digital Who’s Who will be launched at the upcoming MIPIM real 

estate fair in Cannes. This unique database allows subscribers to 

update their own personal entries throughout the year at their own 

convenience. PropertyEU is also the preferred media partner for 

ULI events and has cooperated with its Urban Investment Network 

to produce the special publication Urban Apostles. In addition, 

PropertyEU has alliances with major European organizations and 

events including MIPIM, EXPO REAL and ICSC. Prior to joining 

PropertyEU in July 2006, Seebus worked as a staff reporter for Het 

Financieele Dagblad, the Netherlands’ leading financial daily 

newspaper. She has been covering the real estate sector for the 

past eight years. 

Dr. Ian C. Shepherdson 

Chief Economist 

High Frequency Economics 

London, UK 

Shepherdson is a foremost global 

economist who has been described by the 

London Times as one of "the best economists in the City”. 

His publication, Daily Notes, is widely read by investors, 

policymakers and dealers in 20 countries. Shepherdson was 

named top U.S. forecaster of 2003 by the Wall Street Journal. He 

is frequently quoted in the international press and he is a regular 

guest on U.S. national public radio's Marketplace. 

Prior to joining High Frequency Economics, Shepherdson was 

Chief Economist, for HSBC Securities, Inc. in New York, where his 

views on the U.S. economy and markets guided the company's 

senior decision-makers and clients around the world. He also 

spent six years with HSBC in London, latterly as Chief U.K. 

Economist. High Frequency Economics was established in 

1988 to provide institutional investors with independent analysis 

of the global markets. 

Ed Siskind 


Goldman Sachs International 

London, UK 

Siskind is head of the Real Estate Principal 

Investment Area (REPIA). He is a member 

of the European Management Committee, the Archon Management 

Committee, and chairman of the Real Estate Principal Investment 

Committee. 

Siskind joined the firm in the Real Estate Department as a financial 

analyst in 1988 and became a founding member of the Real Estate 

Principal Investment Area in 1992. In 1999, he relocated to 

London to head REPIA in Europe and in 2009 became the group's 

global head. He was named managing director in 1998 and 

partner in 2000. 

Erik Sondén 

Chair 

ULI France 

Paris, France 

Sondén is the appointed Chair of ULI 

France. Up until January 2010 he was 

European head of Real Estate Advisory and Real Estate Client 

Management at Societe Generale. He has more than 20 years 

experience of the European real estate markets as investment 

banker, adviser and asset manager. Prior to Societe Generale, 

Sondén held senior positions with Deutsche Bank, Jones Lang 

Lasalle, Cushman&Wakefield and Nordea. 

He has an international background and has lived and/or worked 

in a number of countries including USA, UK, France, Germany, 

Belgium, Luxemburg, Sweden. Sondén is a graduate from the 

Stockholm School of Economics and a Fellow of the Royal 

Institution of Chartered Surveyors. 

Sara Turnbull 

Senior Consultant 

Arup 

London, UK 

Turnbull is a sustainability consultant with 

experience in project management, 

facilitation and research on the sustainable built environment and 

renewable energy. Turnbull is a Chartered Environmentalist and 

has an MSc in Architecture: Advanced Environmental and Energy 

Studies. Her eclectic professional experience in the arts, 

environment and built environment helps her to sit 'between 

disciplines’ and allow diverse teams to collaborate professionally. 

For Arup, Turnbull is currently leading work with the Urban Land 

Institute and Hermes looking at the technical and societal changes 

needed to increase energy efficiency in existing buildings. In 

particular this work has focused on creating consensus across the 

broad spectrum of disciplines involved in retrofitting and working 

with these organisations to develop the business case for energy 

efficient retrofitting. Turnbull is on the Women’s Engineering 

Society Council and is Hon Sec of the Energy Institute London and 

Home Counties Branch. 

Kai van Hasselt 

Urban Strategist 

Shinsekai Analysis 


van Hasselt (1981) started Shinsekai 

Analysis in 2004. It is an urban strategy 

advisory boutique that operates within the realm of art, 

urbanism and economics. The company has worked with 

(landscape) architecture firms, large (retail) real estate investors, 

cultural institutions, government and organizations in the retail, 

design, luxury, energy and tourism sectors. On the basis of its 

research into local cultures and global trends, Shinsekai Analysis 

provides clients with trend reports; urban-cultural analysis; and 

concept, strategy and scenario development. van Hasselt regularly 

lectures for companies and groups in the Netherlands and abroad. 

van Hasselt studied economics and urban planning at the 

University of Amsterdam. 

In 2008 and 09 he taught a class on philosophy for retail design 

at the Piet Zwart Institute, Rotterdam. At the Amsterdam exhibition 

space W139 he co-organizes a lecture series for contemporary 

art collectors since 2005. van Hasselt is an avid collector of 

contemporary art. 

Jean-Pascal van Ypersele 

Vice-Chair 

Intgov’tal Panel on Climate Change (IPCC) 

Louvain-la-Neuve, Belgium 

Van Ypersele has a Ph. D. in physics from 

the Université catholique de Louvain 

(Louvain-la-Neuve, Belgium), where he is professor of 

climatology and environmental sciences, and directs the Master 

programme in Science and Management of the Environment. He 

specialised in modelling climate and the climate effects of human 

activities. He chairs the Energy & Climate Working Group of the 

Belgian Federal Council for Sustainable Development. 

Van Ypersele is the chair of IPCC – the Intergovernmental Panel on 

Climate Change, which shared the 2007 Nobel Peace Prize with Al 

Gore. In 2009, he was elected a Member of the Belgian Royal 

Academy. He has participated to a number of United Nations 

conferences on climate issues, as scientific advisor. Among other 

prizes, he received in 2006 the Energy and environment award from 

the International Polar Foundation, and the "Francqui Chair" from 

the Université libre de Bruxelles in 2007-2008. 

MULTIDISCIPLINARY: Members from all real estate sectors

Pere Viñolas 

Chief Executive Officer 

Inmobiliaria Colonial 

Barcelona, Spain 

Viñolas is a Member of the Board of 

Directors of Inmobiliaria Colonial, Societe 

Fonciere Lyonnaise, Grupo Mecanotubo, and Riva y Garcia 

Investment bank, among others. Previously, Viñolas was Head of 

Research, Chief Financial Officer and Dep. Chief Executive Officer 

at the Barcelona Stock Exchange. He has also been Chief 

Executive Officer at Filo, Barcelona, and a Partner and Chief 

Executive Officer at Riva y Garcia, a Spanish independent 

investment bank. 

In addition to serving as Chairman of the Barcelona District 

Council of the Urban Land Institute, Viñolas was Chairman of the 

Catalan Foundation of Financial Analysts and Vice chairman of the 

Spanish Institute of Financial Analysts. He’s been member of the 

International Federation of Stock Exchanges and Chairman of the 

Supervisory Board of the Spanish derivatives market (MEFF). 

Viñolas holds an MBA, Law degree, and diploma in Advanced 

Studied. He is also Professor of finance at ESADE, Barcelona, a 

visiting professor at the Financial Studies Institute, and is in 

charge of the Real Estate Chair at ESADE. 

Melanie Völker 

Head of Communications 

Allianz Real Estate 

Munich, Germany 

Völker is Head of Communications for 

Allianz Real Estate. She is responsible for 

all internal and external communication, including events. 

Völker holds a Masters degree in Communication and Media 

Sciences from the University of Lipsia and a postgraduate degree 

in real estate economy from the European Business School (ebs). 

Previously, Völker worked for Pramerica Real Estate Investors 

where she headed the European Communications department 

for Prudential´s Real Estate Investment arm, the rating agency 

Fondscope, and her new economy start-up, Momentum 

Trading House. 

Völker is a dedicated member of ULI, a lecturer for Public Relations 

in Real Estate for the real estate MBA class of Biberach University 

of Applied Sciences, and a strong believer in the hidden 

potential of professional communication in the real estate industry. 

UNIQUE 

Stephen Williams 


Stephen Williams Associates GmbH 


Williams is Managing Director of Stephen 

Williams Associates, an office founded in 

2000 in Hamburg, Germany. The 16 strong multidisciplinary team 

works in the fields of architecture design and identity. Stephen 

Williams Associates’ core business is using architecture as a 

communications platform for its clients. Clients include 

Volkswagens’ Autostadt, Bugatti, Universal Music, Warner Music, 

Mövenpick Hotels, 25 Hours Hotels and many real estate 

developers including Quantum Project development in Hamburg. 

Williams is currently planning the retail concept for a series of 

Bosch household appliances flagship shop worldwide. Previous 

to founding Stephen Williams Associates, Williams worked on a 

number of projects including a Masterplan for Hannover Expo 

2000, Masterplan for Bremen University Campus, 

Kehrwiederspitze Highrise, the ‘Matthew’ Visitors Centre in Bristol, 

the Side Hotel Hamburg, and the Berliner Bogen office building. 

Williams received a Diploma in Architecture from Canterbury 

College of Art in 1988 and opened his own studio in Bristol 

in 1989. 

Steve Williams 

Global Advisor 

Real Capital Analytics (USA outlook) 

New York, USA 

Williams is a Past President (2005-6) 

of the Royal Institution of Chartered 

Surveyors and a founding partner of the New York-based valuation 

advisory practice, Williams-Murdoch, Inc. Primarily a valuation 

specialist, William’s 40-year career on all five Continents has 

included senior roles with Donaldsons (now DTZ), Landauer and 

Jones Lang LaSalle, providing investment advisory services to the 

cross-border, securitized, real estate markets. On this topic and in 

the wake of the 2007 sub-prime tremors, he has authored the text 

“Facing the Global Challenge.” In the field of education, Williams 

is a visiting lecturer at Duke University and an external examiner at 

MIT and Georgia State University. A national USPAP instructor in 

the US and a former Chair of the US Appraiser Qualifications 

Board (AQB), Williams holds an Honorary Fellowship from 

Liverpool John Moores University. A practising MAI since 1988, 

Williams is a regular presenter at real estate investment 

conferences, a Freeman of the City of London and a member 

of London’s Worshipful Company of Chartered Surveyors. 

Jon H. Zehner 

Senior Director 

AREA Property Partners 

London, UK 

Zehner is Senior Director of AREA Property 

Partners, with responsibilities that include 

deal origination, investor relations and strategic development. 

He joined AREA in July 2009 after almost 28 years at JPMorgan, 

which included four years as head of sub-Saharan Africa and 24 

years in real estate investment banking of which he was global 

head for eight years. 

Zehner is a Trustee of the Urban Land Institute, Chair of the Real 

Estate Advisory Board of the University of Cambridge, a founder 

and past member of the Executive Board of the European Public 

Real Estate Association (EPRA), and a past member of the Policy 

Committee of the British Property Federation. He has an AB 

degree from Dartmouth College and an MBA from the Harvard 

Graduate School of Business Administration. 

Supporters Profiles 

AEW Europe 

AEW Europe is a leading European real estate investment 

manager with 11 offices throughout Europe. AEW Europe is 

focused on the creation, execution and management of 

discretionary commingled investment vehicles, separate 

account strategies and real estate securities funds to both 

institutional investors and private clients. 

The group has over 260 employees who are responsible for 

over €17 billion of assets under management. The 

integration of AEW Europe with the resources and capabilities 

of North American-based AEW Capital Management creates 

a truly global real estate investment management platform 

with aggregate gross assets under management of more 

than €30 billion. 

www.aeweurope.com 

ECE Projektmanagement 

ECE successfully develops, realises, leases and manages 114 

shopping centers in 13 countries on a total sales surface of 

more than three million square meters. Furthermore, ECE has 

realized more than 50 office and special real-estate projects. 

For quite a few years now the Hamburg-based company has 

its focus on internationalization. Subsidiaries were 

established in Turkey, Poland, Hungary, Czech Republic, 

Greece, Austria, Russia, Switzerland, Romania and Bulgaria. 

ECE also acts as a long-term investor. Centers managed by 

ECE in Germany include the Potsdamer Platz Arkaden in 

Berlin, the “Promenaden” at Leipzig central station and the 

Schloss-Arkaden in Brunswick. Das Neue Thier-Areal, 

Dortmund, and BahnhofCity Wien West, Vienna, are two of 

the recent projects in the building phase. 

www.ece.com 

Eurohypo AG 

Eurohypo AG is one of the top banks for commercial real 

estate and public sector financing. We serve professional 

real estate investors and developers in all matters relating to 

the financing of commercial real estate projects in ten 

countries: Germany, France, Italy, Poland, Portugal, Russia, 

Spain, Turkey, UK and USA. We finance office buildings as 

well as retail properties, warehouses and business hotels - 

additionally in Germany residential projects of professional 

investors. In public finance, we are partners of the public 

sector, again as one of the largest institutions with many years 

of expertise in Europe. We can trust in refinancing on one of 

the safest instruments, the Pfandbrief. Eurohypo is one of the 

largest issuers in the European capital markets. 

www.eurohypo.com 

GE Capital Real Estate 

GE Capital Real Estate is one of the world's premier 

commercial real estate companies with US$80 billion in 

assets and a presence in 31 markets throughout North 

America, Europe, Asia and Australia/New Zealand. GE Capital 

Real Estate has a depth of knowledge and experience and a 

history of building relationships, finding opportunities and 

opening doors for more than 5,000 owners, builders, 

borrowers and brokers worldwide. 

www.gecapitalrealestate.com 

Grosvenor 

Grosvenor is a privately owned property group with offices in 

17 of the world's most dynamic cities. We have five regional 

investment & development businesses in Britain & Ireland, 

the Americas, Continental Europe, Australia and Asia Pacific. 

Our international fund management business operates across 

all these markets. As at 31 December 2008, these six 

businesses had total assets under management of £12.6bn. 

Unusually for a private company, Grosvenor publishes a full 

Annual Report & Accounts, available at www.grosvenor.com. 

HRO 

Since 1997, HRO has developed over 600,000 m² of prime 

office property in 19 projects across Europe. 

The reputation of HRO in the office development market is 

unparalleled. By developing buildings in strategic locations 

and offering state-of-the-art technology, HRO developments 

are distinguished by their architectural excellence and for 

providing a modern corporate image, as well as flexibility, 

comfort, performance, modern amenities, cost and energy 

efficiency for tenants. HRO’s track record is recognised by 

numerous industry awards. 

The development team takes full responsibility for all 

aspects of the individual projects and ensures an in-depth 

understanding of the finished product and a continuity of 

the HRO design philosophy. 

www.hrogroup.com

ING Real Estate Investment Management 

ING Real Estate Investment Management focuses on the 

investment management of quality real estate in all major 

global markets with a total portfolio of over EUR 65 billion. 

ING Real Estate Investment Management is one of the leading 

investment management companies and serves a broad client 

base from four continents, Europe, North America and South 

America, Asia and Australia. 

www.ingreim.com 

Linklaters 

Linklaters is a law firm combining global reach with 

unsurpassed expertise in the real estate sector. 

The last 12-18 months have seen difficult real estate markets 

which require the full range of solutions, often across borders. 

Linklaters has acted on the full spectrum of deals: from high 

profile administrations and bank or corporate restructurings 

and debt for equity swaps; through capital raisings via asset 

sales, sale and leasebacks, bond issues, convertible debt 

or rights issues; to investment acquisitions and new 

headquarters developments. 

www.linklaters.com 

Tishman Speyer 

Many of the world’s largest and most prestigious corporations 

rely on Tishman Speyer to meet their office space needs. 

A leading international developer, owner, operator, and 

investment manager, the firm is active across North America, 

Europe, South America and Asia. Since its founding in 1978, 

it has acquired, developed and/ or managed a portfolio of over 

116 million sq. ft. valued at over USD $50.2 (35.1 Euro) 

billion. Signature assets include New York’s Rockefeller 

Center and the Chrysler Center, Frankfurt’s OpernTurm, and 

Sao Paulo’s Torre Norte. 

www.tishmanspeyer.com 

Union Investment Real Estate GmbH 

Union Investment Real Estate GmbH is a leading international 

investment management company specializing in open-ended 

real estate funds for private and institutional investors in 

Germany. Assets under management amount to €18 billion. 

The portfolios of Union Investment’s open-ended real estate 

funds comprise some 250 properties and projects in Germany, 

Europe, the Americas and Asia. Within the commercial real 

estate sector, the Hamburg-based company is active as an 

institutional investor, developer and landlord. 

www.union-investment.com/realestate 

Upcoming Events 

ULI Middle East Retreat & Conference 

‘The City in 2050 – Building Tomorrow’s Legacy Today’ 

22-23 March, 2010 

Muscat, Oman 

2010 ULI Spring Council Forum 

14-16 April, 2010 

Boston, Massachusetts, USA 

ULI Europe Finance Trends Conference 

28 June, 2010 

Kings Place, London, UK 

ULI Europe Summer Council Day 

29 June, 2010 

London, UK 

ULI Executive Committee Retreat 

2-5 August, 2010 

London, UK 

ULI Urban Investment Network Summit 

23 September 2010 


ULI Europe Leadership Retreat 

23-26 September, 2010 


2010 ULI Fall Meeting and Urban Land Expo 

12-15 October, 2010 

Washington, D.C., USA 

ULI Europe Capital Markets Forum 

November 2010 

London, UK 

ULI Europe Annual Conference 

8-9 February 2011 

Paris, France 

Support Opportunities 

To discuss how to support ULI Europe’s programme contact 

Jason Taylor at +44 (0)20 7487 9570 or jason.taylor@uli.org 

More Information 

EMEA Customer Service: +44 207 487 9578 

E-mail: ulieurope@uli.org 

U.S. Customer Service: 1-800-321-5011 

E-mail: customerservice@uli.org 

Alternatively please visit www.uli.org/europe 

VISIT GLOBAL: www.uli.org EUROPE: www.uli.org/europe ULI ENERGY EFFICIENCY EXCHANGE: www.uliexchange.org

ULI Corporate Partners 

The Urban Land Institute gratefully acknowledges the global support of the following organisations: 

Urban Land Institute - Europe 

29 Gloucester Place 

London W1U 8HX 

UK 

ulieurope@uli.org 

www.uli.org/europe 

www.uli.org 

ULI Europe Sustaining Members 

Laureate Circle 

Director’s Circle 

Chairman’s Circle 

AEW Europe ■ Benson Elliot Capital Management ■ Drivers Jonas ■ ECE Projektmanagement ■ Eurohypo ■ Grosvenor ■ Homes and Communities Agency 

ING Real Estate ■ JP Morgan Asset Management ■ Linklaters ■ Lovells ■ M3 Capital Partners ■ RREEF ■ SNS Property Finance ■ Value Retail

Programme - Urban Land Institute

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