|Late Pricing Begins 9 April||Members||Non-Members|
Webinar Summary:ULI’s recent report, Reshaping Retail sets out the potential triggers for the required restructuring of Europe’s retail real estate sector. This report becomes even more salient following a rapidly emerging decline in economic sentiment and performance, identified as one of the stronger triggers, due to the COVID-19 (coronavirus) outbreak. Investors in retail know they face a fundamental re-rating of the sector due to the impact of e-commerce but until recently it was still too early in the process for many to execute changes. Operating income was still holding up while low interest rates were also lessening the pressure on retail owners to sell or restructure. At the same time, ongoing retailer failures and falling rents meant owners were not confident about whether levels of rental income from existing schemes would be sustainable, or what volume and type of space were going to be required by retailers going forward. This timely webinar will bring together key industry players to discuss the report and the key recommendations and how these may play out in the aftermath of the current crisis. What will successful retail look like in the future, and what is needed to get there? In this webinar, speakers will address key questions including:
- How will retailers be best placed to adapt to changing consumer preferences. And what is the role of retail real estate owners?
- What will successful shopping centre look like in the future? Which best practices do already exist?
- How will COVID-19 impact the retail, leisure and food and beverage sectors and could this imply for the real estate sector?
Bert Broadhead, Director, ALTERXBert Broadhead is a director at ALTERX who own & manage over 2m sqft of retail in UK & Germany. He has recently overseen the independent-led regeneration of Vicar Lane Shopping Centre in Chesterfield. Bert is also host of the Building Our Future podcast series, exploring emerging trends and themes impacting on the built environment.
Andrea Carpenter, Director, Women Talk Real EstateAndrea Carpenter is a Director of Women Talk Real Estate, and a writer and communications consultant in the property industry. As a Director of Women Talk Real Estate, Andrea helps raise the visibility of female experts in the industry through the stage and media. On the writing side, her book about the history of the modern European property industry, High Rise and Fall, was published by Routledge in September 2018. Andrea began her career as a journalist at Property Week before moving on to be editor of EuroProperty for seven years. Following this she worked for various industry bodies including the Urban Land Institute, INREV in Amsterdam, and its sister organisation ANREV in Hong Kong. On returning to the UK, she worked as Head of Marketing and Communications EMEA at CBRE Global Investors.
Steffen Friedlein, Managing Director Leasing, ECESteffen Friedlein was born in Stuttgart, Germany in 1968 and started his career at Kriegbaum Unternehmensgruppe in Böblingen, where he last held the position of Head of Leasing. He joined ECE in April 1999 as Leasing Manager. In 2008 he was appointed Regional Director and became Senior Director Leasing for North Germany, the Czech Republic, Hungary, and Italy at the beginning of 2013. Since 2014, he has been responsible for the leasing activities of all centers in Germany, before he became Managing Director Leasing and Member of the Board of ECE in 2018.
Chris Igwe, Founder, Chris Igwe InternationalChris Igwe is one of the world’s leading authorities on global retail and highly sought after for his passionate views, deep knowledge and great insights. Based in Paris, he is special advisor to global brands, owners and investors on strategic matters at his own consultancy firm, Chris Igwe International. He is also Managing Partner at More Or Less, a company representing exclusively tenants in their portfolio and lease-related problems. Chris is Co-Chair of the ULI Retail and Entertainment Council and a member of the European leadership of ULI. From 2007 to 2015 he was Senior Director EMEA and Head of Retail, France at CBRE, and before that, Head of Real Estate Europe at Gap, and prior to that Head of Real Estate Europe at Foot Locker Europe. Chris was also Managing Director Europe for ICSC. Chris is an international speaker, former Jury Member for ICSC, RLI, CNCC, and a long-standing Steering Committee Member and Conference Master of Ceremony (2011 – 2019) for MAPIC. He has also lectured for ICSC, UK’s Bayfield Training, EFAP MBA in Paris and Abu Dhabi Paris Sorbonne University.
Sean Rymell, Associate Director – Research, UBS Asset ManagementSean is an Associate Director in the Research and Strategy Team at UBS Asset Management. His main focus is on European economic, capital and occupier markets but specializes in retail and logistics. His research has focused mostly on identifying and evaluating investment opportunities for UBS's USD 112 billion Real Estate & Private Markets business (REPM). Other areas of interest include the evolution of ecommerce, the development of global supply chains and the emergence of a European debt fund universe. Sean joined UBS from PMA, where he worked as a retail and leisure researcher for 3 years, focusing on the UK and Germany.
Lisette van Doorn, CEO, ULI EuropeAs chief executive of ULI Europe, Lisette van Doorn is responsible for the development of the Institute’s activities across the region, including its renowned pan-European conferences and over 250 local meetings and events across 14 countries. She is also responsible for the ULI Charitable Trust, which raises money to advance ULI’s mission and philanthropic activities across Europe. Van Doorn joined ULI from LIRE, her own consultancy business, which advises international institutional real estate investors and fund managers on strategy, organisational optimisation and portfolio structuring. Prior to this, van Doorn was country manager for CBRE Global Investors where she managed a €1.6bn portfolio of assets in Italy and fund manager of two shopping centre funds (€ 1.3 billion) with assets in Spain, Portugal and Italy. Before joining CBRE Global Investors, van Doorn was founding chief executive for INREV, the European association for Investors in Non-Listed Real Estate Vehicles for four and a half years. She started her career at ING Investment Management, where she held account manager and assistant controller positions before being made managing director of research & strategy for ING Real Estate Investment Management Europe.
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