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Moscow 26-27 September ĨĜĤĩĶĘħĶ ăĥĨġęė TIMETABLE TIMETABLE Ććąúć÷ăă÷ Wednesday, 26 September 2007 ĈħĜěėĨĜĤĩĶĘħĶ 12.00 13.30-18.15 18.15-19.15 Check-in ćĜĚğĨĩħėĭğĶ Russia GRI Program ćĥĨĨğĶ*5, Cocktail Reception āĥġĩĜĢijĤIJĠĦħğĜģ 20.00-22.30 Private Board Dinner úėĢėĪĝğĤ (UHVHUYHGIRU*5,PHPEHUV Sponsors & (co-)chairs only) ûĢĶĮĢĜĤĥęġĢĪĘė*5,FĦĥĤĨĥħĥę ĦħĜěĨĜěėĩĜĢĜĠěğĨġĪĨĨğĠ Thursday, 27 September 2007 ĎĜĩęĜħĚĨĜĤĩĶĘħĶ 08.30-16.00 16.00-17.00 Russia GRI Program ćĥĨĨğĶ*5, Closing Drinks āĥġĩĜĢij WELCOME The mission of speakers at the GRI is not to talk but to make others talk, engage and connect Henri Alster ćĥĢijģĥěĜħėĩĥħėěğĨġĪĨĨğĠ² ęĥęĢĜĮijęħėĞĚĥęĥħġėĝěĥĚĥěėĩij ęĥĞģĥĝĤĥĨĩijęIJħėĞğĩijģĤĜĤğĜ ęIJĨġėĞėĩijğěĜğ We are delighted to welcome you to the Russia GRI 2007. ăIJħėěIJĦħğęĜĩĨĩęĥęėĩijęėĨĤėęĨĩħĜĮĜćĥĨĨğĶ*5, As with all GRI get-togethers this meeting was created by many present here today who have contributed front-line expertise, intellectual brilliance, financial resources and more to reach out to fellow leading lights and create a program to discuss today’s issues. We can’t thank them enough. ĆħĥĚħėģģėęĨĩħĜĮğĘIJĢėĨĥĞěėĤėĘĢėĚĥěėħĶ ģĤĥĚğģĦħğĨĪĩĨĩęĪĵİğģĨĜĚĥěĤĶĞěĜĨij ĢĵěĶģĘĥĚėĩIJĠĥĦIJĩĞĤėĤğĶğīğĤėĤĨĥęIJĜ ħĜĨĪħĨIJġĥĩĥħIJĬĨěĜĢėĢğĦħĥĚħėģģĪćĥĨĨğğ *5,ėġĩĪėĢijĤĥĠğĤĩĜħĜĨĤĥĠğĨĦħğęĢĜĮĜĤğĜģ ĩĥĢijġĥĨėģIJĬĢĪĮįğĬăIJĮħĜĞģĜħĤĥ ĘĢėĚĥěėħĤIJğģĞėĦĥģĥİij In 2008, the GRI will create 10 distinct events to address the total interests of the industry in different regions. If chairing one or more discussions could be useful to you at any of these events, we invite you to contact us and discuss how best to put them on the program. If any other type of involvement could be useful, it is similarly welcome. Now is the time. • The India GRI October 3-4 in New Delhi • The GRI Middle East Chairmen’s Retreat November 14-16 in Dubai • The New Europe GRI November 26-27 in Istanbul • The GRI Europe Chairmen’s Retreat 08 January 17-20 in St Moritz • The US Global GRI 08 February 20-21 in New York • The Middle East GRI 08 March 18-19 in Dubai • The Deutsche GRI 08 April 28-29 in Frankfurt • The GRI World Summit 08 May 6-7 in London • The China GRI 08 June 4-5 in Beijing • The GRI Europe Summit 08 September 15-16 in Paris • The Russia GRI 08 September 24-25 in Moscow *5,ĥħĚėĤğĞĪĜĩęĨĩħĜĮęĚ üĨĢğęĥĞģĥĝĤĥĨĩijĪĮėĨĩğĶęėģğĤĩĜħĜĨĤė ģIJĦħğĚĢėįėĜģęėĨġĨĥĩħĪěĤğĮĜĨĩęĪ ÿĤěğĶ*5,ĄijĵûĜĢğRġĩ *5,øĢğĝĤğĠğĈħĜěĤğĠùĥĨĩĥġ ûĪĘėğĤĥĶĘħĶ ´ĄĥęėĶµüęħĥĦė*5,ĈĩėĤĘĪĢĤĥĶĘħĶ üęħĥĦė*5,ĈĜĤĩăĥħğĭĶĤęėħĶ ÷ģĜħğġė*5,ĄijĵĀĥħġīĜęħėĢĶ ûĪĘėğ*5,ûĪĘėğģėħĩė úĜħģėĤğĶ*5,ċħėĤġīĪħĩėĦħĜĢĶ ăğħĥęĥĠĈėģģğĩ*5,ĂĥĤěĥĤģėĶ āğĩėĠ*5,ĆĜġğĤğĵĤĶ Ćėħğĝ*5,ĆėħğĝĨĜĤĩĶĘħĶ ćĥĨĨğĶ*5,ăĥĨġęėĨĜĤĩĶĘħĶ ýĜĢėĜģęėģĪěėĮğĤėęĨĩħĜĮĜ*5, We wish you a great GRI! Henri Alster President, American European Investment Bankers, Inc. Chairman, GRI - Global Real Estate Institute. ÷Ĥħğ÷ĢĨĩĜħ Президент, American European Investment Bankers, Inc. Председатель, GRI - Global Real Estate Institute. SCHEDULE Wed 26 Sept ĨħĜěėĨĜĤĩ 13.30 - 14.45 Weds 26 Sept PLENARY TALK SHOW ĉąāďąĊ INTERNATIONAL INVESTORS IN RUSSIA MORE RISK THAN REWARD ? ÿĄąĈĉć÷ĄĄĒüÿĄùüĈĉąćĒùćąĈĈÿÿ ħğĨġĘĥĢijįĜĮĜģęĥĞĤėĚħėĝěĜĤğĜ" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû ballroom I øĥĢħĪģ, HENRI ALSTER MARKUS LEININGER VLADIMIR ZUBRILIN WILL ANDRICH PETER HAENSELER MICHEL PASCALIS 15.15 - 16.30 ballroom I øĥĢħĪģ, washington ùėįğĤĚĩĥĤ moscow III ăĥĨġęė,,, moscow II ăĥĨġęė,, moscow I ăĥĨġęė, istanbul II ĈĩėģĘĪĢ,, 17.00 - 18.15 MOSCOW OFFICE MARKET RUSSIA 2010 WILL THE PRICE BUBBLE GROW? UP MARKET FOREVER? ąċÿĈĒùăąĈāùü ćąĈĈÿĖ ĭĜĤIJĘĪěĪĩħėĨĩğğěėĢijįĜ" ĦħĜĨĩğĝĤėġėġęĨĜĚěė" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû ENGLISH PETER ULM ANASTASIA BELYAVSKAYA ALEXEY BLANIN GABOR SOMOGYI DAVID O’HARA MICHAEL BELTON GIOVANNI CUTAIA DAVID SIMONS DEBT FINANCING PUBLIC EQUITY CAN FOREIGN LENDERS DO BETTER? SOMETHING WICKED THIS WAY COMES? þ÷é㥹üċÿĄ÷ĄĈÿćąù÷Ąÿü ąøĐüĈĉùüĄĄĒü÷āčÿÿ ġėġĪęĜĢğĮğĩijĦħğĩĥġğĤĥĨĩħėĤĤIJĬġħĜěğĩĥħĥę" ĮĩĥĤĥęĥĚĥ" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TODD HIRSCH SERGEI GUTNIK VICTOR MAKSHANTSEV KATHLEEN VERELST KARL WILSON MICHAEL LANGE PIERRE CHERKI ERKAN ERKEK LOGISTICS SHOPPING CENTRES ARE RETURNS ATTRACTIVE? OPPORTUNITY OR EXCESS? ĂąúÿĈĉÿā÷ ĉąćúąùĒüčüĄĉćĒ ħėĨĬĥěIJğğĬĥġĪĦėĜģĥĨĩij ęĥĞģĥĝĤĥĨĩğěĢĶħėĞęğĩğĶğĢğĦĜħĜĤėĨIJİĜĤğĜħIJĤġė" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû CHRISTIAN NICKELS-TESKE BERTRAND COSTE TIMO HOKKANEN NICHOLAS SPIRO PER KAUFMANN ANTHONY KHOI IVAN SITNIKOV MICHAEL STERNICKI ROBERT VELICH PHILIPP WESTERMAN STEFAN ZEISELMAIER RISK IN RUSSIAN REAL ESTATE NEW PLAYERS PERCEIVED OR REAL? WHERE THE OPPORTUNITIES? ćÿĈāĄ÷ćąĈĈÿĀĈāąăćĒĄāüĄüûùÿýÿăąĈĉÿ ĄąùĒüÿúćąāÿ ħĜėĢijĤĥĨĩijğĢğĦħĜěĪĘĜĝěĜĤğĜ" ġėġĥęIJęĥĞģĥĝĤĥĨĩğ" ENGLISH ENGLISH CHRISTIAN THALHAMMER MOUNIR HAIDAR TAVIT KÖLETAVITOGLU DR RICHARD MBEWE SERGEY RIABOKOBYLKO FRANK LAMBY JOHN NACOS DAVID PASCALL PICKING PARTNERS RESIDENTIAL DEVELOPMENT IS IT DIFFERENT IN RUSSIA? IS UKRAINE THE NEXT RUSSIA? ùĒøąćĆ÷ćĉĄüćąù ĈĉćąÿĉüĂēĈĉùąùýÿĂąăĈüāĉąćü ĥĩĢğĮğĩĜĢijĤIJĜĮĜħĩIJćĥĨĨğğ ĊġħėğĤėĴĩĥĨĢĜěĪĵİėĶćĥĨĨğĶ" ENGLISH TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû MICHEL PASCALIS MARK BOND OLEG KONOVALOV OLIVIER PIANI ALEKSANDRAS SOLOVEICIKAS ALEKSANDER KOSTYUK FIRAS TLASS MOSCOW RETAIL DEVELOPMENT JOINT VENTURES WITH LOCALS ARE THERE NO LIMITS TO THE BOOM? FOREIGN INVESTORS’ BANE OR BOON? ăąĈāąùĈā÷ĖćąþĄÿč÷ ąøć÷þąù÷ĄÿüĈąùăüĈĉĄĒČĆćüûĆćÿĖĉÿĀ ĜĨĩijĢğĦħĜěĜĢħėĞęğĩğĵ" ğĤĥĨĩħėĤĤIJĜğĤęĜĨĩĥħIJħĜįĜĤğĜęĨĜĬĦħĥĘĢĜģ ğĢğĤĜĤĪĝĤĥĜęģĜįėĩĜĢijĨĩęĥ" ENGLISH ENGLISH FELIX HICK ANDERS BINNMYR VLADIMIR KIREENKO KIRILL PISAREV ANNA SHIRYAEVA MARK STILES RAIMUND FOERSTER ć÷ĈĆÿĈ÷Ąÿü SCHEDULE Thurs 27 Sept ć÷ĈĆÿĈ÷Ąÿü ĎĜĩęĜħĚĨĜĤĩ 08.45 - 09.45 Thursday 27 Sept RUSSIA’S RENAISSANCE KEYNOTE ûąāĂ÷û PRICE OF OIL OR DESTINY? ćĊĈĈāÿĀćüĄüĈĈ÷ĄĈ² ĞėęğĨğĩĩĥĢijġĥĥĩĭĜĤIJĤėĤĜīĩij" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû ballroom I øĥĢħĪģ, RORY MACFARQUHAR senior economist & executive director – economic research GOLDMAN SACHS INTERNATIONAL 10.00 - 11.15 ballroom I øĥĢħĪģ, washington ùėįğĤĚĩĥĤ FOREIGN INVESTORS EXIT STRATEGY IPO WHAT SECTORS THE GREATEST RISK? DOES RUSSIA NEED THEM? ARE RUSSIAN COMPANIES READY? ćąĈĈÿĖ ÿĄąĈĉć÷ĄĄĒüÿĄùüĈĉąćĒ Ĉĉć÷ĉüúÿÿùĒČąû÷Ą÷,32 ĨĜġĩĥħIJĤėğĘĥĢĜĜĦĥěęĜħĝĜĤĤIJĜħğĨġĪ ĤĪĝĤIJĢğĥĤğęćĥĨĨğğ" ĚĥĩĥęIJĢğħĪĨĨġğĜġĥģĦėĤğğ" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû ERIC MAILLEBIAU TERRY HU RUSSELL PLATT FRANZ LUCIEN MÖRSDORF SERGEY SAVENKOV EMMANUEL BLOUIN JONATHAN HODNETT DR LUDEK SEKYRA RICHARD SOBEL ANTON SURKOV MAKSIM KUNIN ARTEM EYRAMDZHANTS MICHAEL GOLOMB NICHOLAS LAAG BANK LOANS, CMBS, MEZZANINE & OTHER DERIVATIVES ASSET MANAGEMENT SUCCESS IN DEVELOPMENT SHOULD BORROWERS BEWARE? WHAT WORKS, WHAT DOESN’T? DOES FINANCING STRUCTURE MATTER? ø÷ĄāąùĈāÿüþ÷üăĒ&0%6ĆćąăüýĊĉąĎĄąü ċÿĄ÷ĄĈÿćąù÷ĄÿüÿûćĊúÿüûüćÿù÷ĉÿùĒ ĊĆć÷ùĂüĄÿü÷āĉÿù÷ăÿ ĊĈĆüČùĈĉćąÿĉüĂēĈĉùü ĦħĥĘĢĜģIJğğĬħĜįĜĤğĶ ęėĝĤĥĨĩijīğĤėĤĨĥęĥĠĨĩħĪġĩĪħIJ TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû MAX HOSFORD RUSTEM MIRGALIMOV VLADIMIR IVANOV STEFANO CAROSI KONSTANTIN APRELEV MARC BARTHOLOMY BRUCE GARDNER ANDREY POLETAEV ROBERT SZTEMBERG RESIDENTIAL BUSINESS DISTRICTS IN MOSCOW WESTERN INVESTORS IN RUSSIA AND UKRAINE IS OVERBUILDING POSSIBLE? IS THERE A NEED FOR NEW ONES? WILL THEY FIND WHAT THEY SEEK? ýÿĂąĀĈüāĉąć ûüĂąùĒü´øÿþĄüĈć÷ĀąĄĒµăąĈāùĒ þ÷Ć÷ûĄĒüÿĄùüĈĉąćĒùćąĈĈÿÿÿĄ÷Ċāć÷ÿĄü ęĥĞģĥĝĤĥĢğĦĜħĜĤėĨIJĩğĩijħIJĤĥġ" ĤĪĝĤIJĢğĤĥęIJĜ" ĥĦħėęěėĵĩĨĶĢğğĬĥĝğěėĤğĶ" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû STEVEN L. DAVIS MASSIMO SALETTI ANDREY PETROV ANDREY ASTAKHOV ALEXEY GRISHKO INSTITUTIONAL INVESTORS DISCOVERING RUSSIA ARE THEY READY FOR RUSSIA? ARE THE REAL GEMS IN THE REGIONS? ÿĄĈĉÿĉĊčÿąĄĄĒüÿĄùüĈĉąćĒ ćüúÿąĄĒ ĚĥĩĥęIJĢğĥĤğěĢĶćĥĨĨğğ" ĝĜģĮĪĝğĤėćĥĨĨğğ"ąĨęĥĜĤğĜ ENGLISH ENGLISH GERALD GAIGE ARNAUD DUBOIS MARK FORWARD MARK JAGGER CHRISTOPHER ZEUNER MIKHAIL OURINSON EVGENY FETISOV DAVID GEOVANIS STEVEN WAYNE PETER WEINZIERL PEDRO COELHO VOLKER MUENCH VLADIMIR PINAEV LEE TIMMINS VLADIMIR ZUBRILIN INFRASTRUCTURE MIXED USE MOSCOW’S “BIG CITY” DOES IT MATTER? ELDORADO OR MIRAGE? OLD CHALLENGES, NEW SOLUTIONS? ÿĄċć÷ĈĉćĊāĉĊć÷ ĈĉćąÿĉüĂēĈĉùąĈăüď÷ĄĄąúąĉÿĆ÷ øąĂēďąĀ´ĈÿĉÿµăąĈāùĒ ĤėĨġĥĢijġĥĥĤėęėĝĤė" ĴĢijěĥħėěĥğĢğģğħėĝ" ĨĩėħIJĜĦħĥĘĢĜģIJĤĥęIJĜħĜįĜĤğĶ TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû DMITRY BESEDOVSKY IGOR BOYARKIN ORHUN KARTAL MICHAEL EISENKOLB WILL ANDRICH EVGENY KARPEYKIN CAMERON MANA ANDREW ZAKREVSKIY EVGENY KOLODKIN ARTUR MARKARYAN SERGEY POLONSKIY HOTELS IN MOSCOW DEVELOPERS’ ISSUES IN RUSSIA DEPLOYING WESTERN CAPITAL IN RUSSIA HOW DEAR IS TOO DEAR? QUALITY, TIMING, RE-FINANCING? UNDUE FEARS OR REAL RISKS? úąĈĉÿĄÿčĒùăąĈāùü ûüùüĂąĆüćĒÿÿČĆćąøĂüăĒùćąĈĈÿÿ ÿĄąĈĉć÷ĄĄąüĆćÿĈĊĉĈĉùÿüĄ÷ćąĈĈÿĀĈāąăćĒĄāü ġėġěĥħĥĚĥĨĩħĥğĩĜĢijĨĩęĥ" ġėĮĜĨĩęĥĥĦĜħėĩğęĤĥĨĩijħĜīğĤėĤĨğħĥęėĤğĜ" ĤĜĥĦħėęěėĤĤIJĜĥĦėĨĜĤğĶğĢğħĜėĢijĤIJĠħğĨġ" ENGLISH ENGLISH ENGLISH INGRID QUINT-HAGER CEDRIC AMBLARD BRUCE AMBLER OLGA ARKHANGELSKAYA DR PETER HAENSELER VALENTINA GLUHOVSKAYA ANTHONY RUPERTI FRANK STEFFEN ANDREW SMITH ROBERT KINGSMILL BILL LANE ROB SCHWEIZER JAMES WAKELIN ĮĜĚĥĥĦėĨėĩijĨĶĞėĜģİğġĪ" TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû moscow I ăĥĨġęė, istanbul II ĈĩėģĘĪĢ,, LUNCH ąøüû 13.30-14.30 moscow II ăĥĨġęė,, 14.45 - 16.00 RUSSIA MARKUS LEININGER KARIM HABRA SETH LIEBERMAN MIKHAIL MOSHKOV ARIANA MYERS moscow III ăĥĨġęė,,, 12.00 - 13.15 TRANSLATION ĈÿĄČ湥ĄĒĀĆüćüùąû TIMOTHY FENWICK GÜNTHER BUKOR AMI MOORE ALEXANDR SHKARUPA VITALY SOURVILLO RUSSIA CAN THE GROWTH LAST? ćąĈĈÿĖ ġėġěĥĢĚĥĘĪěĜĩĦħĥěĥĢĝėĩijĨĶħĥĨĩ" ENGLISH MEETING POINT ùĈĉćüĎ÷üăĈĖþûüĈē GRI A GlobalClub The GRI is a club of senior investors, developers, lenders and hotel companies across the world. It runs its activities through a series of annual meetings focused on different regions of the globe. If building close relationship with the driving elite of the real estate industry at the most senior levels can be useful, we welcome you to join us. *5,²ģĜĝěĪĤėħĥěĤIJĠġĢĪĘ ğĤęĜĨĩĥħĥęğěĜęĜĢĥĦĜħĥę ûĜĶĩĜĢijĤĥĨĩij*5,ę ĥħĚėĤğĞėĭğğĨĜħğĠĜĝĜĚĥěĤIJĬ ęĨĩħĜĮĨīĥġĪĨğħĥęėĤĤIJĬ ĤėħėĞĤIJĬħĜĚğĥĤėĬğ ĮėĨĩĶĬĞĜģĤĥĚĥįėħėüĨĢğ ęĥĞģĥĝĤĥĨĩijĦĥğĨġėĘğĞĤĜĨ ĦėħĩĤĜħĥęĨħĜěğĴĢğĩIJ ğĤěĪĨĩħğğĤĜěęğĝğģĥĨĩğ ęėģğĤĩĜħĜĨĤėģIJĘĪěĜģ ħėěIJĪęğěĜĩijęėĨĤė ęĨĩħĜĮėĬġĢĪĘė*5,ėĩėġĝĜ ęĮğĨĢĜĮĢĜĤĥęġĢĪĘė*5, ùĥĞģĥĝĤĥğĤěğęğěĪėĢijĤĥĜ ğĢğġĥħĦĥħėĩğęĤĥĜ ĮĢĜĤĨĩęĥęġĢĪĘĜ*5,ăIJ ħėěIJĨĥĩħĪěĤğĮėĩijĨęėģğ For those who think the opportunity to schedule personal meetings with so many of the industry’s best and brightest is too good to pass up... ĄĜĪĦĪĨĩğĩĜęĥĞģĥĝĤĥĨĩij ęĨĩħĜĮĨĢğěĜħėģğħIJĤġė ĤĜěęğĝğģĥĨĩğ GRI EVENTS The GRI welcomes industry leaders who find it useful to chair a discussion at the GRI to contact Henri Alster, GRI Chairman. ăIJĦħğĚĢėįėĜģġFĥĩħĪěĤğĮĜĨĩęĪĢğěĜħĥęğĤěĪĩħğğ ĤĜěęğĝğģĥĨĩğğęĨĜĬġĥģĪğĤĩĜħĜĨĤėęĥĞģĥĝĤĥĨĩij ĥħĚėĤğĞėĭğğěğĨġĪĨĨğĠĤėęĩħĜĮėĬ*5, 26-27 сентября Москва ).$)! '2) .EW$ELHI/CTOBER RUSSIA GRI Moscow 26-27 Sept 2007 INDIA GRI New Delhi 3-4 Oct 2007 GRI MIDDLE EAST CHAIRMEN’S RETREAT Dubai 14-16 Nov 2007 ćĥĨĨğĶ*5, ÿĤěğĶ*5, *5,øĢğĝĤğĠğĈħĜěĤğĠùĥĨĩĥġûĪĘėğ ăĥĨġęėĨĜĤĩĶĘħĶ Real Estate Investment and Development CEE Turkey O Ąijĵ ûĜĢğ Rġĩ ĤĥĶĘħĶ Russia O U I F H S J Istanbul 26-27 November &6301& DIBJSNFOT 3&53&"5 New York 20-21 Feb 2008 -ÌÊÀÌâÊ£ÇÓäÊ>Õ>ÀÞÊ NEW EUROPE GRI Istanbul 26-27 Nov 2007 GRI EUROPE CHAIRMEN’S RETREAT St Moritz 17-20 Jan 2008 USA GRI New York 20-21 Feb 2008 ´ĄĥęėĶµüęħĥĦė*5, üęħĥĦė*5, ÷ģĜħğġė*5, ĈĩėĤĘĪĢĤĥĶĘħĶ CĜĤĩMĥħğĭĶĤęėħĶ ĄijĵĀĥħġīĜęħėĢĶ $EUTSCHE '2) MIDDLE EAST GRI Dubai 18-19 March 2008 DEUTSCHE GRI Frankfurt 28-29 April 2008 GRI WORLD SUMMIT London 6-7 May 2008 ûĪĘėğ*5, úĜħģėĤğĶ*5, ăğħĥęĥĠĈėģģğĩ*5, ûĪĘėğģėħĩė ċħėĤġīĪħĩėĦħĜĢĶ ĂĥĤěĥĤģėĶ #().! '2) '2)%52/0% CHINA GRI Beijing 4-5 June 2008 GRI EUROPE SUMMIT Paris 15-16 Sept 2008 RUSSIA GRI Moscow 24-25 Sept 2008 āğĩėĠ*5, Ćėħğĝ*5, ćĥĨĨğĶ*5, ĆĜġğĤğĵĤĶ ĆėħğĝĨĜĤĩĶĘħĶ ăĥĨġęėĨĜĤĩĶĘħĶ ùĨĩħĜĮğ*5, Moscow 26-27 September DISCUSSIONS Weds 26 Sept ûÿĈāĊĈĈÿÿ 13.00-14.45 PLENARY TALK SHOW ĉąāďąĊ INTERNATIONAL INVESTORS IN RUSSIA more risk than reward? Henri Alster Markus Leininger Will Andrich Vladimir Zubrilin Peter Haenseler Michel Pascalis ÿĄąĈĉć÷ĄĄĒü ÿĄùüĈĉąćĒù ćąĈĈÿÿ² ħğĨġ ĘĥĢijįĜĮĜģ ęĥĞĤėĚħėĝěĜĤğĜ" English ĨğĤĬħĥĤĤIJĠĦĜħĜęĥě BALLROOM I øąĂćĊă, HENRI ALSTER chairman GRI MARKUS LEININGER head corporate banking cee EUROHYPO WILL ANDRICH board member PIK GROUP VLADIMIR ZUBRILIN chairman of the board FORUM PROPERTIES PETER HAENSELER chairman PHI MICHEL PASCALIS chief executive officer MULTINATIONAL LOGISTICS PARTNERSHIP 15.15-16.30 MOSCOW OFFICE MARKET will the price bubble grow? ąċÿĈĒùăąĈāùü ĭĜĤIJ ĘĪěĪĩ ħėĨĩğğěėĢijįĜ" PETER ULM partner AKRON-GROUP ANASTASIA BELYAVSKAYA director of financial dept MOS CITY GROUP ALEXEY BLANIN managing director HORUS CAPITAL GABOR SOMOGYI head of international real estate finance BANK AUSTRIA CREDITANSTALT PETER ULM ALEXEY BLANIN TODD HIRSCH SERGEI GUTNIK VICTOR MAKSHANTSEV KARL WILSON Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě BALLROOM I øąĂćĊă, DEBT FINANCING can foreign lenders do better? þ÷é㥹ü ċÿĄ÷ĄĈÿćąù÷Ąÿü ġėġ ĪęĜĢğĮğĩij ĦħğĩĥġğĤĥĨĩħėĤĤIJĬ ġħĜěğĩĥħĥę" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě TODD HIRSCH managing director CREDIT SUISSE SERGEI GUTNIK senior banker EBRD VICTOR MAKSHANTSEV head real estate, russia,cis DEUTSCHE BANK KATHLEEN VERELST executive director MORGAN STANLEY KARL WILSON general manager cee & russia AAREAL BANK WASHINGTON ù÷ďÿĄúĉąĄ GABOR SOMOGYI 15.15-16.30 LOGISTICS are returns attractive? ĂąúÿĈĉÿā÷ ħėĨĬĥěIJğğĬ ĥġĪĦėĜģĥĨĩij CHRISTIAN NICKELS-TESKE director re structured finance AAREAL BANK BERTRAND COSTE managing director QES INVESTMENT TIMO HOKKANEN director VICUS Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě CHRISTIAN NICKELS-TESKE BERTRAND COSTE CHRISTIAN THALHAMMER MOUNIR HAIDAR TAVIT KÖLETAVITOGLU DR RICHARD MBEWE MICHEL PASCALIS MARK BOND TIMO HOKKANEN MOSCOW III ăąĈāù÷,,, RISK IN RUSSIAN REAL ESTATE perceived or real? ćÿĈāĄ÷ ćąĈĈÿĀĈāąă ćĒĄāü ĄüûùÿýÿăąĈĉÿ ħĜėĢijĤĥĨĩijğĢğ ĦħĜěĪĘĜĝěĜĤğĜ" CHRISTIAN THALHAMMER ceo AKRON-GROUP MOUNIR HAIDAR ceo SOROUH REAL ESTATE TAVIT KÖLETAVITOGLU president ATLAS LAND DEVELOPMENT DR RICHARD MBEWE chief economist CAPITAL PARK SP. Z O.O English MOSCOW II ăąĈāù÷,, PICKING PARTNERS is it different in Russia? ùĒøąćĆ÷ćĉĄüćąù ĥĩĢğĮğĩĜĢijĤIJĜ ĮĜħĩIJćĥĨĨğğ English MICHEL PASCALIS partner MLP MARK BOND ceo NORTHSTAR CORPORATE FINANCE OLEG KONOVALOV manager ESPRO MANAGEMENT OLIVIER PIANI president GE REAL ESTATE EUROPE MOSCOW I ăąĈāù÷, OLIVIER PIANI OLEG KONOVALOV MOSCOW RETAIL are there no limits to the boom? ăąĈāąùĈā÷Ė ćąþĄÿč÷ ĜĨĩij ĢğĦħĜěĜĢ ħėĞęğĩğĵ" English FELIX HICK associate partner MBB CONSULT ANDERS BINNMYR president AMMA DEVELOPMENT VLADIMIR KIREENKO general director RTM DEVELOPMENT KIRILL PISAREV president PIK GROUP FELIX HICK ANDERS BINNMYR KIRILL PISAREV ANNA SHIRYAEVA ANNA SHIRYAEVA managing director MAGAZIN MAGAZINOV ISTANBUL II Ĉĉ÷ĄøĊĂ,, VLADIMIR KIREENKO DISCUSSIONS Weds 26 Sept ûÿĈāĊĈĈÿÿ 17.00-18.15 RUSSIA 2010 up market forever? ćĥĢij ćąĈĈÿĖ ĦħĜĨĩğĝĤė ġėġ ęĨĜĚěė" ģĥěĜħėĩĥħė English ěğĨġĪĨĨğĠ² BALLROOM I øąĂćĊă, DAVID O’HARA general director DTZ MOSCOW MICHAEL BELTON president and ceo STORM PROPERTIES GIOVANNI CUTAIA managing director GOLDMAN SACHS INTERNATIONAL DAVID SIMONS managing director R.D.S. DEVELOPMENTS DAVID O’HARA MICHAEL BELTON GIOVANNI CUTAIA DAVID SIMONS ALEKSANDRAS SOLOVEICIKAS ALEKSANDER KOSTYUK ęĥęĢĜĮiję ħėĞĚĥęĥħ ġėĝěĥĚĥğĞ ĦħğĨĪĩĨĩęĪĵİğĬ RESIDENTIAL DEVELOPMENT is Ukraine the next Russia? All material throughout this brochure is subject to change without notice. Ongoing updates at www.globalrealestate.org Возможны изменения в программе. Пожалуйста, следите за информацией на нашем сайте www.globalrealestate.org ĈĉćąÿĉüĂēĈĉùą ùýÿĂąăĈüāĉąćü ĊġħėğĤė - Ĵĩĥ ĨĢĜěĪĵİėĶćĥĨĨğĶ" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MOSCOW I ăąĈāù÷, ALEKSANDRAS SOLOVEICIKAS chief executive officer PROGRESYVIOS INVESTICIJOS ALEKSANDER KOSTYUK managing director HCM-GROUP FIRAS TLASS executive director PALMYRA REAL ESTATE DEVELOPMENT FIRAS TLASS 17.00 - 18.15 SHOPPING CENTRES opportunity or excess? ĉąćúąùĒüčüĄĉćĒ ęĥĞģĥĝĤĥĨĩğ ěĢĶħėĞęğĩğĶğĢğ ĦĜħĜĤėĨIJİĜĤğĜ ħIJĤġė" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MOSCOW III ăąĈāù÷,,, NICHOLAS SPIRO cee capital markets research director DTZ POLAND PER KAUFMANN general director russia | ukraine IKEA ANTHONY KHOI president CENOR ASSET MANAGEMENT IVAN SITNIKOV general director ROSEVRO DEVELOPMENT PER KAUFMANN IVAN SITNIKOV MICHAEL STERNICKI ROBERT VELICH PHILIPP WESTERMAN MICHAEL STERNICKI senior vice president AAREAL BANK ROBERT VELICH asset manager IMMOFINANZ PHILIPP WESTERMAN executive director MORGAN STANLEY STEFAN ZEISELMAIER managing director ece russia ECE RUSSLAND 7KH NICHOLAS SPIRO PLVVLRQ RIWKH 'LVFXVVLRQ STEFAN ZEISELMAIER &KDLUVLVWR PDNH HYHU\ERG\ WDON NEW PLAYERS where the opportunities? ĄąùĒüÿúćąāÿ ġėġĥęIJ ęĥĞģĥĝĤĥĨĩğ" English SERGEY RIABOKOBYLKO senior executive director, partner russia CUSHMAN & WAKEFIELD FRANK LAMBY ceo HYPO REAL ESTATE INTERNATIONAL JOHN NACOS managing director DEUTSCHE BANK SERGEY RIABOKOBYLKO FRANK LAMBY JOHN NACOS DAVID PASCALL DAVID PASCALL managing director TERRA FIRMA MOSCOW II ăąĈāù÷,, PUBLIC EQUITY Something wicked this way comes? ąøĐüĈĉùüĄĄĒü ÷āčÿÿ ĮĩĥĤĥęĥĚĥ" MICHAEL LANGE chairman, russia & cis JONES LANG LASALLE PIERRE CHERKI md, co ceo europe RREEF ERKAN ERKEK ceo CAPITAL PARTNERS MICHAEL LANGE PIERRE CHERKI MARK STILES RAIMUND FOERSTER Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě WASHINGTON ù÷ďÿĄúĉąĄ DEVELOPMENT JOINT VENTURES WITH LOCALS foreign investors’ bane or boon? ąøć÷þąù÷Ąÿü ĈąùăüĈĉĄĒČ ĆćüûĆćÿĖĉÿĀ ğĤĥĨĩħėĤĤIJĜ ğĤęĜĨĩĥħIJħĜįĜĤğĜ ęĨĜĬĦħĥĘĢĜģ ğĢğĤĜĤĪĝĤĥĜ ęģĜįėĩĜĢijĨĩęĥ" English ISTANBUL II Ĉĉ÷ĄøĊĂ,, MARK STILES general director CUSHMAN & WAKEFIELD RAIMUND FOERSTER general director BAU INVEST ERKAN ERKEK DISCUSSIONS Thurs 27 Sept ûÿĈāĊĈĈÿÿ 08.45-09.45 KEYNOTE ûąāĂ÷û RUSSIA’S RENAISSANCE price of oil or destiny? ćĊĈĈāÿĀćüĄüĈĈ÷ĄĈ² ĞėęğĨğĩĩĥĢijġĥĥĩĭĜĤIJĤėĤĜīĩij" English ĨğĤĬħĥĤĤIJĠĦĜħĜęĥě Rory MacFarquhar BALLROOM I øąĂćĊă, RORY MACFARQUHAR senior economist & executive director - economic research GOLDMAN SACHS INTERNATIONAL ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě 10.00-11.15 RUSSIA what sectors the greatest risk? ćąĈĈÿĖ ĨĜġĩĥħIJ ĤėğĘĥĢĜĜ ĦĥěęĜħĝĜĤĤIJĜ ħğĨġĪ ěėĩij ęĥĞģĥĝĤĥĨĩij TRANSLATION ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě ERIC MAILLEBIAU vice president - cee AIG GLOBAL RE TERRY HU managing director TEMASEK HOLDINGS (HK) FRANZ LUCIEN MÖRSDORF managing director DEKA IMMOBILIEN INVESTMENT RUSSELL PLATT managing director FORUM PARTNERS ğěĜğğĞėęĜĨĩğ ěħĪĞĜĠ RUSSELL PLATT SERGEY SAVENKOV MARKUS LEININGER KARIM HABRA SETH LIEBERMAN MIKHAIL MOSHKOV BALLROOM I øąĂćĊă, ęIJħėĞğĩij ęIJĨġėĞėĩij TERRY HU SERGEY SAVENKOV general director PALLADA-INVEST ġėĝěĥģĪ ģĤĜĤğĜ ERIC MAILLEBIAU BANK LOANS, CMBS, MEZZANINE & OTHER DERIVATIVES should borrowers beware? ø÷ĄāąùĈāÿü þ÷üăĒ&0%6 ĆćąăüýĊĉąĎĄąü ċÿĄ÷ĄĈÿćąù÷Ąÿü ÿûćĊúÿüûüćÿù÷ĉÿùĒ ĮĜĚĥĥĦėĨėĩijĨĶ ĞėĜģİğġĪ" MARKUS LEININGER head corporate banking cee EUROHYPO KARIM HABRA managing director cee GE REAL ESTATE SETH LIEBERMAN managing director european re finance UBS MIKHAIL MOSHKOV Investment officer cee IFC ARIANA MYERS vice president MERRILL LYNCH INTERNATIONAL Translation ĈÿĄČ湥ĄĒĀĆüćüùąû WASHINGTON ù÷ďÿĄúĉąĄ FRANZ LUCIEN MÖRSDORF 10.00 - 11.15 RESIDENTIAL is overbuilding possible? ýÿĂąĀĈüāĉąć ęĥĞģĥĝĤĥĢğ ĦĜħĜĤėĨIJĩğĩij ħIJĤĥġ" STEVEN DAVIS senior vice president ORCO PROPERTY GROUP MASSIMO SALETTI md, co-head reib europe DEUTSCHE BANK STEVEN DAVIS MASSIMO SALETTI GERALD GAIGE ARNAUD DUBOIS MARK JAGGER CHRISTOPHER ZEUNER DMITRY BESEDOVSKY IGOR BOYARKIN ORHUN KARTAL INGRID QUINT-HAGER CEDRIC AMBLARD BRUCE AMBLER Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MOSCOW III ăąĈāù÷,,, JHWWLQJ HYHU\ERG\ WRVKDUH FRQQHFW DQGPDNH friends INSTITUTIONAL INVESTORS are they ready for Russia? ÿĄĈĉÿĉĊčÿąĄĄĒü ÿĄùüĈĉąćĒ ĚĥĩĥęIJĢğĥĤğ ěĢĶćĥĨĨğğ" English GERALD GAIGE partner ERNST & YOUNG ARNAUD DUBOIS managing director IMAGIM MARK FORWARD director commercial real estate BLACKWOOD MARK JAGGER md russia & cis JONES LANG LASALLE MARK FORWARD CHRISTOPHER ZEUNER director of business development GE REAL ESTATE MOSCOW II ăąĈāù÷,, INFRASTRUCTURE does it matter? ÿĄċć÷ĈĉćĊāĉĊć÷ ĤėĨġĥĢijġĥĥĤė ęėĝĤė" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě DMITRY BESEDOVSKY managing partner ROCKWELL DEVELOPMENTS IGOR BOYARKIN chief executive on investment construction TOMILINO TECHNOLOGISTICS ORHUN KARTAL ceo KAYI CONSTRUCTION MOSCOW I ăąĈāù÷, HOTELS IN MOSCOW how dear is too dear? úąĈĉÿĄÿčĒ ùăąĈāùü ġėġěĥħĥĚĥ ĨĩħĥğĩĜĢijĨĩęĥ" English INGRID QUINT-HAGER vice president ERSTE BANK CEDRIC AMBLARD country manager russia, cis ORCO PROPERTY GROUP BRUCE AMBLER director DEUTSCHE BANK OLGA ARKHANGELSKAYA real estate consultant ERNST & YOUNG ISTANBUL II Ĉĉ÷ĄøĊĂ,, OLGA ARKHANGELSKAYA DISCUSSIONS Thurs 27 Sept ûÿĈāĊĈĈÿÿ 12.00-13.15 FOREIGN INVESTORS does Russia need them? ġėġĘĪěĩĥ ĥĘİĜĤğĜ ĦħĥğĨĬĥěğĩ ęęėįĜĠ ÿĄąĈĉć÷ĄĄĒü ÿĄùüĈĉąćĒ ĤĪĝĤIJĢğĥĤğ ęćĥĨĨğğ" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě EMMANUEL BLOUIN executive director MORGAN STANLEY JONATHAN HODNETT director JER PARTNERS DR LUDEK SEKYRA chairman of the board SEKYRA GROUP RICH SOBEL ceo ALFA CAPITAL PARTNERS EMMANUEL BLOUIN JONATHAN HODNETT RICH SOBEL ANTON SURKOV MAX HOSFORD RUSTEM MIRGALIMOV DR LUDEK SEKYRA ANTON SURKOV cfo TOMILINO TECHNOLOGISTICS BALLROOM I øąĂćĊă, ĚĥĨĩğĤĤĥĠę ġħĪĚĪěħĪĞĜĠ ASSET MANAGEMENT what works, what doesn’t? All material throughout this brochure is subject to change without notice. Ongoing updates at www.globalrealestate.org Возможны изменения в программе. Пожалуйста, следите за информацией на нашем сайте www.globalrealestate.org ĊĆć÷ùĂüĄÿü ÷āĉÿù÷ăÿ ĦħĥĘĢĜģIJğ ğĬħĜįĜĤğĶ Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě WASHINGTON ù÷ďÿĄúĉąĄ MAX HOSFORD principal LONE STAR VENTURES RUSTEM MIRGALIMOV chairman AVANGARD ASSET MANAGEMENT VLADIMIR IVANOV managing partner SPECTRUM GROUP VLADIMIR IVANOV 12.00 - 13.15 BUSINESS DISTRICTS IN MOSCOW is there a need for new ones? ûüĂąùĒü ´øÿþĄüĈć÷ĀąĄĒµ ăąĈāùĒ ĤĪĝĤIJĢğĤĥęIJĜ" ANDREY PETROV business development director KNIGHT FRANK ANDREY ASTAKHOV managing director MOSCOW BUSINESS INCUBATOR ALEXEY GRISHKO commercial director EURASIA LOGISTIC ANDREY PETROV ANDREY ASTAKHOV MIKHAIL OURINSON EVGENY FETISOV DAVID GEOVANIS STEVEN WAYNE MICHAEL EISENKOLB WILL ANDRICH EVGENY KARPEYKIN CAMERON MANA DR PETER HAENSELER VALENTINA GLUKHOVSKAYA ANTHONY RUPERTI FRANK STEFFEN Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MOSCOW III ăąĈāù÷,,, DVLIDQ DIWHUGLQQHU FRQYHUVDWLRQ LQRQH·VRZQ OLYLQJURRP DISCOVERING RUSSIA are the real gems in the regions? ćüúÿąĄĒýüăĎĊýÿĄ÷ ćąĈĈÿÿ" ąĨęĥĜĤğĜ English MIKHAIL OURINSON managing director “ALUR” INVESTMENTS & DEVELOPMENT EVGENY FETISOV deputy general director NEW SQUARE DAVID GEOVANIS managing director LONDON & REGIONAL PROPERTIES STEVEN WAYNE ceo JENSEN GROUP MOSCOW II ăąĈāù÷,, MIXED USE eldorado or mirage? ĈĉćąÿĉüĂēĈĉùą Ĉăüď÷ĄĄąúąĉÿĆ÷ ĴĢijěĥħėěĥğĢğģğħėĝ" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MOSCOW I ăąĈāù÷, DEVELOPERS’ ISSUES IN RUSSIA quality, timing, re-financing? ûüùüĂąĆüćĒÿ ÿČĆćąøĂüăĒ ùćąĈĈÿÿ ġėĮĜĨĩęĥ ĥĦĜħėĩğęĤĥĨĩij ħĜīğĤėĤĨğħĥęėĤğĜ" MICHAEL EISENKOLB vp re structured finance AAREAL BANK WILL ANDRICH board member PIK GROUP EVGENY KARPEYKIN financial director CITER INVEST CAMERON MANA business development director EU, Russia and the CIS LIMITLESS DR PETER HAENSELER chairman PHI VALENTINA GLUKHOVSKAYA partner NORTON ROSE ANTHONY RUPERTI chairman RPSI MOSCOW FRANK STEFFEN senior director europe HYPO REAL ESTATE BANK English ISTANBUL II Ĉĉ÷ĄøĊĂ,, ALEXEY GRISHKO DISCUSSIONS Thurs 27 Sept ûÿĈāĊĈĈÿÿ 14.45-16.00 EXIT STRATEGY IPO are Russian companies ready? Ĉĉć÷ĉüúÿÿùĒČąû÷ Ą÷,32 ĚĥĩĥęIJĢğħĪĨĨġğĜ ġĥģĦėĤğğ" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MAKSIM KUNIN managing partner INVESTMENT MANAGEMENT GROUP ARTEM EYRAMDZHANTS vice president PIK GROUP MICHAEL GOLOMB president PROMSVYAZNEDVEZHIMOST NICHOLAS LAAG director FORUM PARTNERS MAKSIM KUNIN ARTEM EYRAMDZHANTS MICHAEL GOLOMB NICHOLAS LAAG BALLROOM I øąĂćĊă, SUCCESS IN DEVELOPMENT does financing structure matter? ĊĈĆüČù ĈĉćąÿĉüĂēĈĉùü ęėĝĤĥĨĩij īğĤėĤĨĥęĥĠ ĨĩħĪġĩĪħIJ Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě WASHINGTON ù÷ďÿĄúĉąĄ STEFANO CAROSI head of investment DTZ MOSCOW KONSTANTIN APRELEV director, real estate ALFA BANK MARC BARTHOLOMY partner CLIFFORD CHANCE BRUCE GARDNER managing director MLP STEFANO CAROSI KONSTANTIN APRELEV MARC BARTHOLOMY BRUCE GARDNER ANDREY POLETAEV ROBERT SZTEMBERG ANDREY POLETAEV vice president DVI GROUP ROBERT SZTEMBERG head of representative office poland HSH NORDBANK 14.45 - 16.00 WESTERN INVESTORS IN RUSSIA AND UKRAINE will they find what they seek? þ÷Ć÷ûĄĒü ÿĄùüĈĉąćĒùćąĈĈÿÿ ÿĄ÷Ċāć÷ÿĄü ĥĦħėęěėĵĩĨĶĢğğĬ ĥĝğěėĤğĶ" Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě TIMOTHY FENWICK managing director QUANTUM POTES GÜNTHER BUKOR managing director IMMOEAST AMI MOORE managing partner MYS ARCHITECTS ALEXANDR SHKARUPA principal/director ALACOR TIMOTHY FENWICK AMI MOORE ALEXANDR SHKARUPA VITALY SOURVILLO PETER WEINZIERL PEDRO COELHO VOLKER MUENCH VLADIMIR PINAEV LEE TIMMINS VLADIMIR ZUBRILIN ANDREW ZAKREVSKIY EVGENY KOLODKIN ARTUR MARKARYAN SERGEY POLONSKIY ANDREW SMITH ROBERT KINGSMILL BILL LANE JAMES WAKELIN VITALY SOURVILLO cfo ESPRO MANAGEMENT MOSCOW III ăąĈāù÷,,, RUSSIA can the growth last? ćąĈĈÿĖ ġėġěĥĢĚĥĘĪěĜĩ ĦħĥěĥĢĝėĩijĨĶħĥĨĩ" English MOSCOW II ăąĈāù÷,, PETER WEINZIERL ceo MEINL BANK PEDRO COELHO senior consultant ESPRO GROUP VOLKER MUENCH director europe HYPO REAL ESTATE BANK VLADIMIR PINAEV md, owner & occupier services Russia & CIS JONES LANG LASALLE LEE TIMMINS senior vice president HINES VLADIMIR ZUBRILIN chairman of the board FORUM PROPERTIES MOSCOW’S “BIG CITY” old challenges, new solutions? øąĂēďąĀ´Ĉÿĉÿµ ăąĈāùĒ ĨĩėħIJĜĦħĥĘĢĜģIJ ĤĥęIJĜħĜįĜĤğĶ ANDREW ZAKREVSKIY senior vice president KNIGHT FRANK EVGENY KOLODKIN vice president SISTEMA-HALS ARTUR MARKARYAN managing director GLAVSTROY / BASEL SERGEY POLONSKIY chairman of the board MIRAX GROUP Translation ĈğĤĬħĥĤĤIJĠĦĜħĜęĥě MOSCOW I ăąĈāù÷, DEPLOYING WESTERN CAPITAL IN RUSSIA undue fears or real risks? ÿĄąĈĉć÷ĄĄąü ĆćÿĈĊĉĈĉùÿüĄ÷ ćąĈĈÿĀĈāąăćĒĄāü ĤĜĥĦħėęěėĤĤIJĜ ĥĦėĨĜĤğĶğĢğ ħĜėĢijĤIJĠħğĨġ" English ANDREW SMITH managing director CATELLA PROPERTY GROUP ROBERT KINGSMILL vice president JER PARTNERS BILL LANE managing director ALFA CAPITAL PARTNERS ROB SCHWEIZER vice president MERRILL LYNCH INTERNATIONAL JAMES WAKELIN director UBS ISTANBUL II Ĉĉ÷ĄøĊĂ,, SENIOR PARTNER Ĉĉ÷ćďÿĀĆ÷ćĉĄüć The German based Eurohypo AG, Eschborn, is the leading specialist bank for commercial real estate and public financing. The Bank is an important member of the Commerzbank group with focused client groups and a diversified global reach. Its most important value leverage is relationship banking. Therefore Eurohypo acts worldwide as a non-opportunistic provider. With this strategy the Bank fulfils customer wishes as a “house bank” for commercial real estate finance. The conjunction of real estate financing and investment banking in the commercial real estate business as well as in public finance and a broad international network stand behind Eurohypo’s strength. Markus Leininger Vadim Ulchenko Vadim Ulchenko EUROHYPO AG, Moscow Office 15a, Leninsky Prospekt, Gorky Park Tower, Floor 10 117071 Moscow, Russia Tel: +7 495 967 6730 Direct: +7 495 967 6731 Fax: +7 495 967 6749 Mobile: +7 495 763 2231 www.eurohypo.com This is why the Bank has an excellent position in the global market. In order to arrive at the optimal tailor made solutions, all state-of-the-art advisory and financing instruments are utilised: For professional clients Eurohypo offers the entire added value chain in complex real estate financing transactions worldwide, covering traditional loans business as well as real estate investment banking –e.g. securitization (where Eurohypo is Europe’s leading bank), advisory and mezzanine finance. Eurohypo’s size facilitates the underwriting of large-volume loans enabling the bank being one of the lead managers for syndicated loans in Europe. The Bank is a real global player with presence in nearly every European country, the leader in European real estate investment banking and one of the top-players in the USA. Eurohypo has also established its corporate finance business in the Asia/Pacific region as well as in Mexico. Overall, around three quarters of the new business was attributable to international activities in the real estate segment. In Public Finance, almost 58% of new business stem from countries outside Germany. The pace of expansion is driven by the Bank’s business partners; Eurohypo moves into markets alongside with clients as a global operator. In public sector financing, with tailor-made capital market products, structured loans and private placements, Eurohypo is an important partner for governments around the world. The Bank is also a major bond issuer and the market leader in the Jumbo-Pfandbrief segment. It has a wide range of refinancing options with a worldwide access to the capital markets. SENIOR PARTNER 0LFKDHO/DQJHăėĠġĢĂėĤĚĜ 0DUN-DJJHUăėħġûĝėĚĚĜħ 9ODGLPLU3LQDHYùĢėěğģğħĆğĤėĜę 0LFKDHO/DQJHăėĠġĢĂėĤĚĜ &KDLUPDQ-RQHV/DQJ/D6DOOH5XVVLDDQG&,6ĆħĜěĨĜěėĩĜĢij ĨĥęĜĩėěğħĜġĩĥħĥę-RQHV/DQJ/D6DOOH ćĥĨĨğĶğĈĄú 0DUN-DJJHUăėħġûĝėĚĚĜħ 0DQDJLQJ'LUHFWRU-RQHV/DQJ/D6DOOH5XVVLDDQG&,6 ĊĦħėęĢĶĵİğĠěğħĜġĩĥħ-RQHV/DQJ/D6DOOH ćĥĨĨğĶğĈĄú 9ODGLPLU3LQDHYùĢėěğģğħĆğĤėĜę 0DQDJLQJ'LUHFWRU2ZQHUDQG2FFXSLHU6HUYLFHV-RQHV/DQJ /D6DOOH5XVVLDDQG&,6ĊĦħėęĢĶĵİğĠ ěğħĜġĩĥħĪĨĢĪĚğġĥħĦĥħėĩğęĤIJģġĢğĜĤĩėģğĨĥĘĨĩęĜĤĤğġėģ -RQHV/DQJ/D6DOOHćĥĨĨğĶğĈĄú Jones Lang LaSalle Kosmodamianskaya nab. 52, korp. 3 Moscow 115054, Russia Tel. +7 495 737 8000 Fax +7 495 737 8011 E-mail: moscow.russia@eu.jll.com Web site: www.joneslanglasalle.ru Ĉĉ÷ćďÿĀĆ÷ćĉĄüć Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to Fortune magazine’s “100 Best Companies to Work For” and Forbes magazine’s “400 Best Big Companies,” has approximately 150 offices worldwide and operates in more than 450 cities in over 50 countries. With 2006 revenue of over $2.0 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. With well over a decade of professional experience in Russia, Jones Lang LaSalle is capable of offering its clients a full range of property services – from real estate sectors’ analysis to project financing. From the beginning of the early 1990s, the company has expanded to a team of 280 professionals and continues to actively grow. In Russia and CIS Jones Lang LaSalle has offices in Moscow and St. Petersburg, Kiev and Almaty. Jones Lang LaSalle Russia was voted Consultant of the Year in 2004, 2006 and 2007 at Commercial Real Estate Awards. -RQHV/DQJ/D6DOOHĜěğĤĨĩęĜĤĤėĶġĥģĦėĤğĶęĨīĜħĜĤĜěęğĝğģĥĨĩğęĥįĜěįėĶ ęĨĦğĨĥġ©ĂĪĮįğĬġĥģĦėĤğĠĚěĜĨĩĥğĩħėĘĥĩėĩijªĝĪħĤėĢė)RUWXQHğę ĨĦğĨĥġ©ĂĪĮįğĬġħĪĦĤIJĬġĥģĦėĤğĠªĝĪħĤėĢė)RUEHVğģĜĜĩĨęIJįĜ ĦħĜěĨĩėęğĩĜĢijĨĩęħėĘĥĩėĵİğĬĤėħIJĤġėĬĘĥĢĜĜĮĜģĚĥħĥěĥęęĨĩħėĤėĬ ąĘĥħĥĩġĥģĦėĤğğęĚĥěĪĨĥĨĩėęğĢĥġĥĢĥģğĢĢğėħěėěĥĢĢėħĥę-RQHV /DQJ/D6DOOHĦħĜěĥĨĩėęĢĶĜĩġĥģĦĢĜġĨĤIJĜĪĨĢĪĚğęĥĘĢėĨĩğĤĜěęğĝğģĥĨĩğ ğĪĦħėęĢĜĤğĶġėĦğĩėĢĥģĤėģĜĨĩĤĥģħĜĚğĥĤėĢijĤĥģğĚĢĥĘėĢijĤĥģĪħĥęĤĶĬ ĨĥĘĨĩęĜĤĤğġėģėħĜĤěėĩĥħėģğğĤęĜĨĩĥħėģĆħğĨĪĩĨĩęĪĶĤėħĥĨĨğĠĨġĥģ ħIJĤġĜĘĥĢĜĜĢĜĩ-RQHV/DQJ/D6DOOHĦħĜěĢėĚėĜĩĨęĥğģġĢğĜĤĩėģĦĥĢĤIJĠ ĨĦĜġĩħĪĨĢĪĚ²ĥĩėĤėĢğĞėĩĜĤěĜĤĭğĠĥĩěĜĢijĤIJĬĨĜġĩĥħĥęĤĜěęğĝğģĥĨĩğěĥ ĦħğęĢĜĮĜĤğĶĦħĥĜġĩĤĥĚĥīğĤėĤĨğħĥęėĤğĶĈĥęħĜģĜĤğĥĩġħIJĩğĶģĥĨġĥęĨġĥĚĥ ĥīğĨėęĤėĮėĢĜĬĤėįėġĥģėĤěėęIJħĥĨĢėěĥĦħĥīĜĨĨğĥĤėĢĥęğ ĦħĥěĥĢĝėĜĩĨęĥĜėġĩğęĤĥĜħėĞęğĩğĜùćĥĨĨğğğĨĩħėĤėĬĈĄú-RQHV/DQJ /D6DOOHĦħĜěĨĩėęĢĜĤėĥīğĨėģğęăĥĨġęĜĈėĤġĩĆĜĩĜħĘĪħĚĜāğĜęĜğ÷ĢģėĩIJ ùğġĥģĦėĤğĶĪěĥĨĩėğęėĢėĨijĦħĜģğğ©āĥĤĨĪĢijĩėĤĩĚĥěėªĤė &RPPHUFLDO5HDO(VWDWH$ZDUGVćĥĨĨğĶ SENIOR PARTNER Ĉĉ÷ćďÿĀĆ÷ćĉĄüć PHI is a group of companies with strong Swiss roots that offers its investors through its PHI Russia Property Funds a unique and focused exposure to Russian real estate. All our endeavors aim at providing professional Swiss style asset management for our investors. The management of PHI has extensive experience in Russian real estate. The partners of PHI alone have a track record which dates back 11 years in a very young market. Having developed and realized a number of successful projects (also during the harsh Russian crisis of 1998/1999), the management of PHI is able to identify and manage real estate development projects for its funds in a reliable manner. PHI has a fully independent market and project research that has been built up during the course of the past 5 years. The PHI Real Estate Database is an excellent tool to judge the market and projects independently without relying on market and project research from external advisers, such as real estate agencies, and potentially exposing them to conflicts of interest. PHI has built-up a structured investment process to identify the best projects on the market and to be able to evaluate the best opportunities in a very aggressive and fast market which only offers short windows of opportunities due to the fast decision making in the Russian business. PHI strives to combine the substantial local Russian real estate know-how with stringent Swiss management structures. With 26 people in Moscow, 9 in Krasnodar and 2 in Zurich, PHI is where its core business takes place - on the ground in Russia. PHI currently manages 4 PHI Russia Property Funds – PHI Russia Property I-III are closed – PHI Russia Property IV is still open for investors. PHI ZURICH Grossmünsterplatz 1, 8001 Zurich SWITZERLAND T +41-43-888 66 99 F +41-43-888 66 90 PHI MOSCOW 8th of March St., 6a, Building 1, Floor 4, 125083 Moscow RUSSIA T +7-495-234 18 81 F +7-495-234 19 91 Peter Haenseler Executive Chairman, CEO Leonid Chernyak Executive Vice-Chairman, CIO Nadezhda Khakimova COO Andrey Svetlakov Head Research Sergey Bochkarev Head Project Management PHI KRASNODAR Krasnoarmeyskaya/Kuznechnaya St., 116/2, Floor 7, 350015 Krasnodar RUSSIA T +7-861-251 13 16 F +7-861-251 12 42 phi@phigroup.ch www.phigroup.ch New York 20-21 Feb 2008 PARTNER Ć÷ćĉĄüć Ć÷ćĉĄüć Aareal Bank AG, headquartered in Wiesbaden, Germany, is one of the leading international property specialists. We are active across three continents. Based on our successful European business model, we have developed a similar platform in North America and Asia/Pacific. We provide property financing solutions in more than 25 countries. Our clients are domestic and international investors. Our business model comprises two core business divisions. Karl Wilson Michael Eisenkolb Christian Nickels-Teske Michael Sternicki Karl Wilson General Manager, Central Europe and Russia Tel. +48.22 544 90 60 karl.wilson@aareal-bank.com Christian Nickels-Teske Director, Real Estate Structured Finance – Logistics Finance Tel. +49.611 348 2635 christian.nickels-teske@aareal-bank.com Michael Eisenkolb Vice President, Real Estate Structured Finance – Logistics Finance Tel. +49.611 348 3522 michael.eisenkolb@aareal-bank.com Michael Sternicki Director, Central Europe & Russia Tel. +48.22 544 9063 michael.sternicki@aareal-bank.com Aareal Bank AG Head Office Paulinenstrasse 15 65189 Wiesbaden, Germany Tel. +49.611 348 2319 Fax: +49.611 348 3063 E-mail: aareal@aareal-bank.com Traditionally, Structured Property Financing has been our core competency. Our strength lies in our specialised experience in real estate finance combined with local market expertise. Besides local experts, we have at our disposal specialist teams for logistics, retail property and hotel financing packages. Our teams consist of real estate bankers with extensive international experience within their respective industry. This combination enables us to offer the best possible financing concepts, designed to meet the specific requirements of our clientele around the globe. We have established ourselves as an active and reliable issuer of Pfandbriefe and senior unsecured and subordinated debt in the capital markets. To reach a broad investor base, we offer benchmark notes or private placements, structured or plain vanilla, in all liquid currencies. We use as well the transfer of credit risks in the capital markets by means of securitisations, true sale placements and syndications, which are conducted by our Credit Treasury unit. Our Consulting/Services division offers a comprehensive range of services for managing residential property portfolios and processing payment flows for the institutional housing sector. We also focus on the development and support of IT services emphasising personal advice and product design to meet our clients’ individual requirements. PARTNER David O’Hara Stefano Carosi Ć÷ćĉĄüć DTZ is one of the world’s leading global real estate advisers. We exist to provide innovative real estate and business solutions worldwide. DTZ is a leading name in all the world’s major business centres, with 11,000 people operating from 140 cities in 45 countries. Across Europe, DTZ has one of the strongest market presences of any real estate adviser. Within the Asia Pacific region, DTZ is a leader in all the main markets of Greater China, Japan, India, South East Asia and Australia/New Zealand. In the Americas, DTZ Rockwood delivers leading edge capital markets advice; DTZ also provides corporate real estate services to multinational corporates through its alliance with The Staubach Company. Around the world, DTZ professionals advise multinational companies, major financial institutions, property companies, banks, governments and other public sector organisations. DTZ’s transactional business advises on the purchase, sale, leasing and acquisition of all types of commercial and residential real estate. Professional advisory services include the management of real estate portfolios, building consultancy, and valuation as well as capital advice to maximise the value of real estate as an asset class. Nicholas Spiro Ferit Yildirim David O’Hara General Director Tel: +7 495 748 1111 david.ohara@dtz.com Stefano Carosi Head of Investment Tel: +7 495 748 1111 stefano.carosi@dtz.com Nicholas Spiro CEE Capital Markets Research Director Tel: +48 22 521 5000 Nicholas.Spiro@dtz.com Ferit Yildirim Manageing Director, Country Manager CIS Tel: +7 495 748 1111 DTZ Ducat II, Suite 360, 7 Gasheka St. Moscow Russia 123056 russia@dtz.com www.dtz.com Worldwide, DTZ has a research team of over 200 people tracking and integrating the market forces and trends that affect our business to provide the bestinformed solutions for our clients. This includes strategic forecasting and social, economic, market and business intelligence to public and private sector clients, enabling a full assessment of impact and risk on their operations. PARTNER Ć÷ćĉĄüć Ć÷ćĉĄüć PARTNER Ć÷ćĉĄüć Forum Partners is a global real estate investment management firm with USD 2 billion of capital under management. Forum Partners specializes in investments in leading and emerging listed and private real estate companies. Since its founding in 2002, Forum Partners has managed investments in 63 companies in 20 countries in Asia, Europe and North America. Forum has completed two investments in Russian real estate companies on behalf of an investment partnership for its institutional clients. Russell C. Platt Nicholas W. Laag Russell C. Platt Managing Director russell.platt@forumpartners.com Andrew N. Walker Managing Director andrew.walker@forumpartners.com Hyonmyong “Hoch” Cho Managing Director hoch.cho@forumpartners.com Nicholas W. Laag Director nicholas.laag@forumpartners.com London Cavendish House 18 Cavendish Square London W1G 0PJ United Kingdom Tel. +44 20 7399 3800 Santa Fe 150 Washington Avenue Suite 203 Santa Fe, NM 87501 Tel. 505-989-4201 Forum has over 40 investment professionals based in offices in London, Singapore, Hong Kong, Beijing, Seoul, Santa Fe (New Mexico) and Greenwich (Connecticut). PARTNER Ć÷ćĉĄüć Ć÷ćĉĄüć Get to know Kasa Stroy… Kasa Construction (Moscow) was established as an equal partnership of two Turkish contracting groups: % 50 Kayı Insaat and % 50 Insa Group to perform construction projects in Russia and CIS countries. The Group companies consist of different construction and development companies actively working in Turkey, Ukraine, Kazakhstan and Algiers other than Russia. Orhun Kartal Uzi Sezer Taking dynamic steps slowly… Regarding to the existing conditions in international construction market; Kasa Stroy is highly developing and uprising. With the sentience of this factor, it is really essential to evaluate the situation and bring the most available result to the customer. Kasa Stroy aims to analyze the demands of customers and in accordance with the subject; Kasa Stroy calculate the market conditions, timing and resources. Kasa Stroy’s aim is to take a firm position in construction sector and establish long term relations. Recent Activities… • Kasa Construction will complete construction of MEGA Shopping Mall (260.000 m2) in Samara, by the end of 2007. Coskun Yilmaz Tayfun Yurdaer Orhun Kartal Member of Board Coskun Yilmaz Member of Board Uzi Sezer Member of Board Tayfun Yurdaer CEO Rusakovskaya Street 13, bld. 1 10th floor 107140 Moscow RUSSIA Tel: +7 495 987 48 64 Fax: +7 495 987 48 65 www.kasa-stroy.com • Kasa Construction is constructing Volkswagen Automobile Factory which is located in Kaluga and suited on 140.000 m2 of closed area. • Kasa Construction is building the biggest timber production factory in Russia (St. Petersburg) on a 200 hectars of closed area, for which the client is Austrian Mayr-Melnhof Holz in Efimovskij. • Kasa Construction is building a shopping and business center (42.000 m2) to famous developer RI Group in Vidnoye. • Kasa Construction has started to construct another MEGA Shopping Mall (280.000 m2) in Ufa. This is the 2nd contract of Kasa for IKEA which is the biggest developer in Russia. PARTNER Ć÷ćĉĄüć Quantum Potes is an investment advisory boutique assisting western investors enter the Russian and Ukrainian commercial real estate markets, specializing in retail, office and logistics projects. The company relies on a high level of personalized service to source and service essentially off-market transactions. In the course of the last three years the company has originated over US$ 2 billion in real estate investments in Russia and Ukraine, including 7 shopping centres in Russia and two in Ukraine. Timothy Fenwick Vera Malakhova Timothy Fenwick Managing Director Tel: +7 495 774 71 83 timothy.fenwick@gmail.com Vera Malakhova Associate, Russia & Ukraine Tel: +7 916 351 60 30 +38 097 394 56 61 vera.quantumpotes@gmail.com Valery Shatalin Associate, Russia Tel: +7 495 410 06 52 valery.quantumpotes@gmail.com Valery Shatalin PARTNER Ć÷ćĉĄüć Ć÷ćĉĄüć Tomilino Technologistics is engaged in development, formation, construction and operation of multi-functional logo and industrial centers with higly flexible and error-free provision of the widest range of services. Tomilino Technologistics being the holder of numerous Building Construction and Development Awards is truly among leading local players in the field. Igor Boyarkin Alexey Gritsina Anton Surkov The Company has been successfully realizing several large-scale projects in Russia.The first one combining a warehouse terminal, logistics center and industrial park with state-of-art infrastructure including brought up to date utilities has been successfully completed. The plot is advantageously located 6 km to South-East of Moscow. Developed space is 100 000 sq/m. let to reliable tenants on long term basis. Igor Boyarkin Chief Executive on Investment Construction Alexey Gritsina Chairman of the Board Anton Surkov CFO Several projects are being realized now, which are as follows: Office and Retail centre Class A Warehouses construction Retail centre Retail Centre at Tomilino settlement Location: Russia, Moscow region, 6 km. from MKAD Techno-logistic complex “Tomilino” Total site area - 21 000 sq.m. Building up area - 7 200 sq.m. Total building floor space -13 500 sq.m. including: Location: Russia, Moscow region, 6 km. from MKAD along Novoryazanskoe highway Techno-logistic complex “Tomilino” Warehouse buildings specifications: Location: Russia, Moscow region, 6 km. from MKAD Techno-logistic complex “Tomilino” Total site area - 27 900 sq.m. Building up area - 13 300 sq.m. Total Retail centre floor space 13 600 sq.m. Retail floor space - 8 200 sq.m. Parking area - 26 500 sq.m. Shipment ramp - 2 500 sq.m. Project documentation – 2007 Construction period – 2008 Location: Russia, Moscow region, 6 km. from MKAD along Ryazanskoe highway Total Retail centre floor space 20 000 sq.m. Project documentation – 2007-2008 Construction period – 2009-2011 • Office space - 8 400 sq.m. • Retail space - 4 500 sq.m. • Service space - 600 sq.m. Project documentation – 2007-2008. Construction stages: 1 stage - 2008 2 stage - 2009 Tomilino, Moscow Region Lyberetsky Area, Tomilino 140070 Tel: +7 495 558-6212 Fax: +7 495 558-6122 info@tomilino.ru www.tomilino.ru • Warehouse floor space 10 000-50000 sq.m. • Metal framework building with bay 12_24m. • Offices and mezzanines arrange approximately 10% of the common floor space • Working height 10,5 m. • Sectional type loading gates with dock-shelters and dock-levelers • Membranous roof with inner drain pipes • Suction-and-exhaust ventilation, air conditioning • Temperature control • Fire protection systems • 24-hour security, access control • Centralized 24-hour management services • Fiber-optics telecommunications Moscow 24-25 September ĨĜĤĩĶĘħĶ ăĥĨġęė CREATORS CREATORS CEDRIC AMBLARD HENRI ALSTER country manager russia, cis ORCO PROPERTY GROUP - RUSSIA chairman GRI - GLOBAL REAL ESTATE INSTITUTE camblard@orcogroup.com tel +7.495 229 57 58 henri.alster@globalrealestate.org tel +44.20 8492 2620 INVESTOR Developer • Investor • Asset manager • Property/Hotel manager • Fund manager • Focus on downtown prime locations • highest standards China • India • Europe • USA $100 Million or higher Mr. Amblard is the Country Manager Russia & CIS of ORCO PROPERTY GROUP- leading investor, developer and asset manager on the Central European real estate and hospitality market, currently managing assets of 1.31 billion Euros, as valuated at 31/12/2006 Mr. Amblard is in charge of acquisitions and development of properties. He oversees project development within all areas of ORCO activities in the Russia - commercial real estate, residential, logistics & hotels as well as property management. Mr. Amblard has rich professional experience in real estate, construction and management consultancy. Having previously spent many years working for TK Development Group in Poland and Russia, he has played a decisive role in the ORCO PROPERTY GROUP. Henri Alster has been a real estate investment banker for over 25 years, advising or partnering with Exxon, Whitehall, KLM Pensions, Forest City and others Henri is also Chairman of the Global Real Estate Institute. Henri led Citicorp’s real estate investment banking efforts in Europe (1988-1994), closing Europe’s two largest land deals at the time. He previously worked with JPMorgan and ITT in New York. A Columbia MBA (‘74) and Technion (Israel) graduate (‘72), he is fluent in English, French, German, Dutch and Hebrew. American European is a real estate investment banking firm representing property owners, developers and investors in their global search for financial partners or in the sale of their properties. WILL ANDRICH KONSTANTIN APRELEV board member PIK GROUP director, real estate SAVVA wa@pik.ru tel +7.495 5059 735 sovet@expertconsult.ru tel +7.495 777-08-85 residential developer with focus on large townships • IFRS revenue $1.5 billion • In 2006, constructed over 1.2 million sqm of residential housing ąĦĜħėĭğğĤėħIJĤġĜĝğĢijĶęăĥĨġęĜ• āĥģģĜħĮĜĨġėĶĤĜěęğĝğģĥĨĩijęăĥĨġęĜ ğħĜĚğĥĤėĬćċ•ÿĤīĥħģėĭğĥĤĤĥ ėĤėĢğĩğĮĜĨġğĜğġĥĤĨėĢĩğĤĚĥęIJĜĪĨĢĪĚğ Mr. Andrich has served as our Director since March 2006. Mr. Andrich also serves as Chairman of our Audit Committee. He has been working in international capital markets since 1997 in London, New York and San Francisco. From 1997 to 2000 Mr. Andrich worked at Morgan Stanley in the UK and the US, in 2001 at LCF Rothschild, a UK structured fund and from 2004 to 2005 at Savills, a UK investment and consultancy company. Mr. Andrich graduated from the University of California at Berkeley with a Masters in Business Administration and is a CFA Charterholder. 1994-1998 гг. – Президент Российской Гильдии риэлторов; сейчас Вице-президент РГР, член попечительского Совета фонда “Институт экономики города”. 1992г. - по настоящее время – Президент агентства недвижимости “САВВА”; 2003 г. - по настоящее время – Вице-президент ОАО «Альфа Банк». Один из авторов положений о лицензировании риэлторской деятельности в РФ и Москве. Разработчик концепции развития рынка недвижимости и добровольной Системы сертификации услуг на рынке недвижимости. Член межведомственной рабочей группы по приоритетному национальному проекту «Доступное и комфортное жилье – гражданам Росси” . Маркетинг и консалтинг на рынке недвижимости, управление инвестиционными проектами, законодательное и нормативное обеспечение рынка недвижимости. OLGA ARKHANGELSKAYA MARC BARTHOLOMY real estate consultant ERNST & YOUNG partner CLIFFORD CHANCE olga.arkhangelskaya@ru.ey.com tel +7.495 755-9700 marc.bartholomy@cliffordchance.com tel +7.501 258 5050 real estate appraisal • feasibility studies • conceptual design • hospitality • real estate financing • project development • management • location advisory Olga has more than 10 years of experience acting as advisor (in Appraisal, Feasibilities, Corporate Strategy, Finance, Hospitality Services) to Russian and international financial institutions and funds, developers, users and investors. Olga holds certifications for real estate analysis and appraisal, she has authority in the market - her opinions are regularly published. Ольга работает более 10 лет в качестве консультанта в области недвижимости, работая с крупнейшими финансовыми структурами, девелоперскими и инвестиционными компаниями. Ольга приобрела богатый опыт в сфере оценки недвижимости, подготовки технико-экономических обоснований, финансового анализа, разработки стратегий портфеля недвижимости, в гостиничном бизнесе. Ольга пользуется заслуженным авторитетом на рынке недвижимости Ее статьи регулярно появляются в ведущих изданиях. advising on complex legal issues: corporate, litigation, capital markets, real estate, banking • 27 offices in 20 countries Marc Bartholomy is a partner and head of the real estate practice in the Moscow office of Clifford Chance. Marc has been resident in Moscow since 1995 and became a partner in 1999. Marc has led the recent expansion of Clifford Chance’s real estate practice, being retained on both significant investment projects, substantial acquisitions and disposals, and in combination with Clifford Chance’s banking practice has advised on several leading real estate financing transactions. Ĉąþû÷ĉüĂÿ MICHAEL BELTON DMITRY BESEDOVSKY president and ceo STORM PROPERTIES managing partner ROCKWELL DEVELOPMENTS mbelton@storm.ru tel +7.495 105 5550 db@rw-es.com tel +7 495 699 9405 real estate development • investment and asset management • predevelopment Michael studied at the University of Massachusetts and later on at the Leningrad Polytechnic Institute in St Petersburg. Since 2002 Mr. Belton has been constantly living in Russia. Mr. Belton has been working in real estate for 15 years. During his career in Russia Mr. Belton has built several projects, including Pokrovsky Hills master plan community, Balchug Plaza office complex, Krylatsky Hills Business Park suburban office complex, Dream House shopping center, and managed the design of the Rublyovo-Arkhangelskoye minicity. In 2005 Michael founded his own company Storm Properties - a real estate developer focusing on Class A office, retail & residential projects. Michael is responsible for overall corporate management and strategic growth. office, shopping center, hotels • Germany • 100 million-development and redevelopment Dmitry Besedovsky is a founder of Rockwell Developments, a company that assists a number of domestic and international players in the areas of commercial and industrial real estate development and investments in the CIS. Currently, he advises Raven Group, a public UK-based real estate fund with $2.5 bln. under management. Throughout his executive career, Dmitry has been involved in a number of projects related to acquisitions, business development and turn-around. Dmitry has graduated from the Executive MBA Program of the University of Chicago. Mr. Besedovsky is a co-founder of Moscow Club of Chicago GSB and is a Member of the Oversight Committee for Kidsave International. ANDERS BINNMYR EMMANUEL BLOUIN president AMMA DEVELOPMENT LTD executive director MORGAN STANLEY binnmyr@amma-group.com tel +7.495 223 65 25 emmanuel.blouin@morganstanley.com tel +44.20 7425 8000 developer • management • retail • offices • warehouses • develops property concepts • conduct facility management of open properties Co-founder & President of Amma Development, a property development company in Moscow. Anders has been working with construction and property development in Russia since 1991. Anders was Deputy General Director & Property Director, a board member of IKEA Russia, responsible for all constructions of IKEA stores, warehouses, offices and MEGA malls in Russia, Ukraine, Kazakhstan, as well as the facility management. MEGA mall concept was developed by Anders. During 2002 - 2006 he developed & opened 8 MEGA Malls in Moscow and regions including Khimki business park, outside Moscow. Anders founded Amma Development in 2007. Amma Development develops concepts & property projects, conducts marketing, facility management, operations of open properties. Emmanuel Blouin is an Executive Director at Morgan Stanley Real Estate in Europe. Emmanuel joined Morgan Stanley in April 2005. In his position, Emmanuel is involved in a variety of transactions across Europe (Orco, Multi, RGI, RED, RBI investments - RGI and AFID IPOs). From 2000 to 2005, Emmanuel was a Vice President within the Real Estate Investment Banking group of JPMorgan. From 1995 to 2000, Emmanuel worked at Paribas in the Corporate Finance and Real Estate groups Emmanuel graduated from HEC in Paris with a major in Finance in 1995. MARK A. BOND IGOR BOYARKIN ceo NORTHSTAR CORPORATE FINANCE chief executive on investment construction TOMILINO TECHNOLOGISTICS mark.bond@northstar-cf.ru tel +7.495 937 5855 lbt@tpf.ru tel +7.495 558 62 12 MULTIFUNCTIONAL LOGO AND INDUSTRIAL PARKS: DEVELOPMENT, CONSTRUCTION, OPERATION Mark has 18 years of international investment banking and private equity experience in London, New York, Moscow. He has spent 15 years working in the former Soviet Union and was one of the pioneers of the private equity industry in Russia. Having opened the Deloitte & Touche Russian operation in 1990, he went on to head up corporate finance in Eastern Europe and the FSU for the New York investment bank Bear Stearns & Co. In 1993, he set up Anglo-Russian Finance & Investment Corporation and shortly after founded the world’s 1st private equity fund for Central Asia & Siberia, became its CEO. ost recently he was MD of the Alfa Bank private equity operation and was MD, Russia of the German consultancy company, Droege & Co. Igor is the director of administration of exploitation of techno-logistic company Tomilino. Born in 1968 in Rostov-na-Don?. He has graduated the Donetsk Higher Military Epishev school of sappers and signal troops. Since 1986 till 1998 was at military service Than he has graduated the Academy of National Economy government of Russian Federation. In 2004 he was appointed deputy director general of JSC “Tomilinskaya ptitsefabrika”. In 2005 he was appointed director of administration of exploitation of techno-logistic company “Tomilino”. CREATORS CREATORS STEFANO CAROSI PIERRE CHERKI head of investment DTZ MOSCOW md, co ceo europe RREEF stefano.carosi@dtz.com tel +7.495 748 1111 pierre.cherki@rreef.com tel +44.20 7545-8000 retail brokerage • office brokerage • land and industrial • investment • development consultancy • valuation In April 2006 Stefano Carosi became the Head of Investment Department in DTZ Moscow office. Mr. Carosi is responsible for project financing, investment deals and capital markets. Before joining DTZ he worked as a Senior Credit Analyst at Aareal Bank AG, Wiesbaden, Germany. Stefano Carosi has more than 9 years of professional experience at the field of finance, banking and risk management. He worked for Interbanca SPA in Italy, Zuerich Financial Group and IBM Global Financing. Mr. Cherki is a Managing Director of RREEF based in London. He is responsible for REOF’s activities in France and Central and Eastern Europe. Since joining Deutsche Bank, he has completed above 15 transactions with a total investment value of above $2 billion. These transactions include the acquisition of SELEC, a French subsidiary of EDF with large residential property holdings, the sale and leaseback of a commercial portfolio 23 properties in France and the investment in a number of development joint ventures in the Czech Republic, Poland, and Russia. Mr. Cherki joined Deutsche Bank in 1997. LEONID CHERNYAK PEDRO COELHO executive vice-chairman PHI senior consultant ESPRO MANAGEMENT sb@phigroup.ch tel: +7 495 234 18 81 p-coelho@netcabo.pt tel +7.495 956 7040 Leonid Chernyak is one of the two PHI partners and serves as its executive vice-chairman. He has 11 years of Russian real estate experience. Prior to joining PHI Mr. Chernyak was working with Capital Group as its CFO. Mr. Chernyak started his career with ColgatePalmolive after finishing his career as a professional chess player. Mr. Chernyak went to business school in Moscow. Pedro Coelho made his career as Managing Director of the Real Estate Fund in ESAF the Asset Manager of BES, one of the major private banks in Portugal. In 8 years the Fund reached 1 Billion Euros of Assets and 40% market share. In 96 the Fund started investing abroad in Russia with a joint venture with ESPRO and Brazil. In 2000 left and now he is partner and Board Member of Square Asset Management a independent asset manager that manages two Funds for the local Crédit Agricole. He still invests in Russia with ESPRO. BERTRAND COSTE STEVEN L. DAVIS managing director QES INVESTMENT LIMITED senior vice president ORCO PROPERTY GROUP bertrand.coste@qes.co.uk tel +44.20 7291 0990 sda@orco.cz tel +420.2 21.416.311 investor • developer • asset manager • listed on the euronext and on the prague, warsaw and budapest stock exchange Bertrand is the Managing Director of QES Investment Ltd., an “investment management/family office boutique” specialising in financial investment advice. He has been operating in Ukraine from London since 1994 where he is now concentrating on a large scale property development. He has recently embarked on both commercial and residential developments in Russia. He founded Fides Asset Management Limited, an investment management company, which has several funds of hedge funds under management, Bertrand is a director of the Museé Schlumberger in France. He is a Member of the Société Française des Analystes Financiers. Steven L. Davis is Senior Vice-President of ORCO Property Group for the real estate market companies in the Czech Republic, Hungary, Poland and Slovakia. Previous to his career with Orco, Mr. Davis was partner in FlowEast, real estate and development. Mr. Davis, who relocated to Prague in 1991, has over 15 years of business experience in central and eastern Europe and also has extensive knowledge of the real estate markets in these regions. At Orco Mr. Davis oversees Sales, Marketing and Development, including acquisition and sale of property. In addition, Mr. Davis supervises project development within all areas of ORCO activities which includes office, residential, hotel and property management. Ĉąþû÷ĉüĂÿ ARNAUD DUBOIS MICHAEL EISENKOLB managing director IMAGIM LTD vp re structured finance AAREAL BANK AG arnaud.dubois@imagim.com tel +44.20 8528 1013 michael.eisenkolb@aareal-bank.com tel +49.611 348 0 LENDER international property finance expertise • across three continents • europe • north america • asia/pacific • tailor-made financing solutions Partner IMAGIM Ltd since 1997. Deal Maker - Investment and Asset Manager for Investors in Europe and Russia. for instance: Washinghton Plaza in Paris (39 000 sqm) and 88 Wood Street in London (25 000 sqm) Michael is currently Vice President within Aareal Bank’s Real Estate Structured Finance division, based in Wiesbaden, Germany. Since joining Aareal Bank he has been involved in the origination of commercial real estate investment and development loans based in Amsterdam, thereafter in Berlin and more recently out of Wiesbaden, for various international markets in Western and Eastern Europe and increasingly now in the new emerging markets with a special emphasis on logistics property finance. He has extensive experience in single-country single asset loans, portfolio financings as well as cross-border financing structures. ERKAN ERKEK ARTEM EYRAMDZHANTS ceo CAPITAL PARTNERS vice president PIK GROUP e.erkek@cpmoscow.com tel +7 495 7974466 irina@pik.ru tel +7.495 5059 735 residential developer with focus on large townships • IFRS revenue $1.5 billion • In 2006, constructed over 1.2 million sqm of residential housing Capital Partners is a privately-owned real estate development, investment and management company engaged in landmark projects in Kazakhstan, Russia, Ukraine & Turkey. Capital Partners develops projects in all four commercial real estate sectors (office, retail, warehouse and hotel) as well as residential properties in Kazakhstan and Turkey. Some of the projects of Capital Partners are the Ritz-Carlton, Moscow hotel, Metropolis mixed-use office and retail complex in Moscow, Pushkino Logistics Park and Domodedovo Logistics Park in Moscow Region. Mr. Eyramdzhants has served as our First Vice President since August 2006 and as a Director since December 2005. He has also been a member of our management board since March 2006. Since 2000 he has been a member of the board of directors of Housing Finance Bank. Mr. Eyramdzhants graduated from the State Finance Academy of the Russian Government with a degree in International Economic Relations in 1992. TIMOTHY FENWICK RAIMUND FOERSTER managing director QUANTUM POTES general director BAU INVEST timothy.fenwick@gmail.com tel +7.985 774 71 83 raimund.foerster@bauboden.ru tel +7.495 71 09 51 203 With more than 35 years commercial real estate experience in Benelux, Italy, France, Germany and the UK, as well as Russia and Ukraine, Timothy can claim to be the “doyen” of the Russian real estate market. Long specialized in originating and negotiating cross border investment transactions, he first came to Russia in 1995 to set up Jones Lang’s operations here. Over the last twelve years he has built up an extensive network among the main market players in both Russia and Ukraine. 1987 – 1989 Portfolio investment manager. Since 1993 Mr. Foerster was realizing a lot of real estate projects in Moscow. The major one are the following: Building construction of House of German Economy. Put in to use in 1997. Building construction of representative office of Eurocomission in Russian Federation. Put in to use 2002. At present time Mr. Foerster realizes the following real estate projects in Moscow: Building construction of business centre, total area 60.000 m². Building construction of business centre, total area ca. 28 000 m². Retail roll out project of 100-150 neighborhoods-shopping centers in the size of 4000-5000 m². CREATORS CREATORS MARK FORWARD GERALD GAIGE director commercial real estate BLACKWOOD partner ERNST & YOUNG forward@blackwood.ru tel +7.495 105-76-86 gerald.gaige@ru.ey.com tel +7.495 755-9700 office • shopping center • hotels • Germany • 100 million-development and redevelopment real estate appraisal • feasibility studies • conceptual design • hospitality • real estate financing • project development • management• location advisory With over 10 years of commercial real estate experience, Mark brings a highly disciplined & professional International approach to client service. Mr. Forward has represented some of the World’s largest Tenants, Developers and Landlords in such markets as New York, Los Angeles, Toronto, Prague, Warsaw, Budapest, Moscow where he focused on new analytical approaches to the task of strategic facility planning, comparing real estate alternatives & structuring creative transactions. His worldwide work experience includes CRESA Partners, Toronto and Colliers International, Prague. Mark’s responsibilities at Blackwood include the development of best practices to support Blackwood’s ongoing commitment to excellence. Gerald’s 13 years working in Russia include: Named one 100 most influential real estate market makers in Russia; 1994-1996 - Led the federal land privatization program to create ownership rights for commercial land in 30 of Russia’s regions. Founded the only real estate consulting practice of the Big-4 professional services firms in Russia and the CIS. BRUCE GARDNER DAVID GEOVANIS managing director MLP - MULTINATIONAL LOGISTICS PARTNERSHIP managing director LONDON & REGIONAL PROPERTIES bgardner@mlprussia.com tel +7.495 258 8900 david@lrp-russia.ru tel +44.20 7499 4060 Mr. Gardner is a principal in the $1.5 billion MLP logistics investment company which he co-founded in 2003. Prior to establishing MLP, he was a founding member and partner of Renaissance Capital – the largest private investment bank in Russia – where he was head of structured products and CFO from the bank’s inception in 1995. Mr. Gardner first came to Russia in 1994 as a member of the Harvard University advisory team to the Russian government on privatization and restructuring. Mr. Geovanis is currently the MD of London & Regional Properties’ Moscow office where he is responsible for investing in commercial real estate in Russia. Prior to joining London & Regional, David was a MD at Basic Element, where he was responsible for investing in real estate since 2001. Prior to Basic Element, Mr. Geovanis was a Partner at Soros Private Equity Partners in Moscow and London. Mr. Geovanis was engaged in real estate development in Moscow from 1991-1997. Prior to moving to Russia Mr. Geovanis was a VP of M&A at Drexel Burnham Lambert in Beverly Hills. Mr. Geovanis began his career as a financial analyst at Dillon Read & Co. in New York. VALENTINA GLUHOVSKAYA ALEXEY GRISHKO partner NORTON ROSE commercial director EURASIA LOGISTIC valentina.gluhovskaya@nortonrose.com tel +7.495 502 220 4211 arenda@ealog.ru tel +7.495 787-18-00 corporate finance • financial institutions • energy and infrastructure • technology • transport Head of the Moscow practice of Norton Rose Group, Valentina has over sixteen years’ experience of advising on real estate, corporate finance and energy transactions as well as litigation in Russia. She graduated from Moscow State University in 1987, joined Norton Rose in 1992 and was elected to Norton Rose’s worldwide partnership in May 1997. Valentina is a leading experienced real estate and corporate finance lawyer, and is recognised as an energy specialist in the PLC lawyer ratings. member of the Moscow City Bar since 1990, Valentina is experienced in dispute resolution issues including both litigation in Russia and international commercial arbitration. office • shopping center • hotels • germany • 100 million-development and redevelopment Alexey graduated from the Russian Government Financial Academy and has worked in the sphere of commercial property ever since. Alexey possesses a Specialist Certificate from the Institute of Commercial Investment into Property, USA (CCIM). He has extensive experience of Class A warehouse property leasing thanks to his 4-year career in Jones Lang LaSalle where he had worked before coming to Eurasia Logistics. In his previous job he successfully carried out numerous property transactions with warehouses exceeding 300 000 square meters in size. His unique expertise of commercial property combined with a classic financial education is the key to successful work in the developing Ĉąþû÷ĉüĂÿ SERGEI GUTNIK KARIM HABRA senior banker EBRD managing director cee GE REAL ESTATE CENTRAL EUROPE gutniks@ebrd.com tel +7.495 787 1111 karim.habra@ge.com tel +420 225 952 513 ge real estate has been present in europe since 1986 with +550 employees • euro 14 billion total assets • 8 offices • 14 countries • +42 joint venture partners Sergei is the representative of EBRD Property&Tourism Team in Russia. During his 14 years with EBRD, Sergei has led projects in a number of sectors i.e debt, equity financing, property, tourism, banks, equity funds, general industry and infrastructure. He has also served as the EBRD’s representative on the supervisory boards of a number of banks, equity funds and real estate companies. Sergei’s current focus is on investments in the Russian property sector, with specific emphasis on mixed-use, retail, logistic and residential real estate, hotels and offices. His recent projects include $300 million shopping mall at the Moscow Ring Road, a $60 million shopping and leisure centre in Saratov; 3 star hotel programme for major regions. Karim Habra manages GE Real Estate’s operations across the Czech Republic, Hungary, Poland, Slovakia, Bulgaria, Turkey, and is leading the entrance into the Russian, Baltic and Romanian markets. Since 2001, Karim has grown GE’s business in Central & Eastern Europe and led the Prague and Warsaw-based teams. He has led and managed every transaction GE has completed in the region, which consists of the acquisitions and developments of 80 retail, office, industrial and residential projects ($2.1 bn of value) and 4 non-performing loans portfolios. Prior to this, Karim was based in GE Real Estate’s European headquarters in Paris, where he worked on transactions in France, Germany, Spain and Italy. DR PETER HAENSELER MOUNIR D. HAIDAR chairman PHI AG ceo SOROUH REAL ESTATE ph@phigroup.ch tel +7.495 234 18 81 ceo@sorouh.com tel +971.2 697 8888 russia • develops in moscow, krasnodar and other regional cities • offices • retail Peter Haenseler is the founding partner of PHI and serves as its chairman. He has 11 years of Russian real estate experience. Mr. Haenseler started his career as an associate with Baer & Karrer, Zurich, Switzerland. Mr. Haenseler holds a JD and a Ph.D. from Zurich University Law School and an LL.M. from Georgetown University Law Center, Washington, D.C. He is a member of the Zurich bar. PHI is in a position to offer to its investors a focused exposure to the Russian real estate develpment market. Mounir has over 25 years of experience in the fields of Engineering, Real Estate Development & Program/Construction Management & Business Development Management spanning the USA, Europe, Middle East, developing mega real estate & infrastructure projects. He is now CEO of Sorouh Real Estate PJSC in Abu Dhabi, a public listed company with a capital of over US$ 700 million, and a market capitalization of more than US$ 3.0 billion. Prior to joining Sorouh, Mr. Haidar was Head of Technical Department and Executive VP of Nakheel. Mounir worked as VP of Parsons Corporation. 1985 - 1993 he worked in various senior positions on $US multi billion O’Hare International airport expansion program. JONATHAN HODNETT director JER PARTNERS felix.hick@mbbgmbh.de tel +49.89 41 77 66-51 jon.hodnett@jer.com tel +44.20 7518 4350 Felix Hick is a partner with the consulting firm mbb and running the private equity and real estate practice. Main focus are value enhancement projects for large real estate portfolios and international transactions between 100 Mio Euro and more than a billion Euro. In real estate mbb is collaborating with Drees & Sommer, leveraging each others networks and competencies. Before, Felix Hick was CEO of a private equity and venture capital firm and managing director of Ernst & Young’s European consulting activities. Jon joined JER in 1996, responsible for acquisitions in Sweden, Central Europe and Russia. Jon is a member of the European Investment Committee. Until 1999 he was representing JER in Thailand, South Korea and Japan.Jon was Managing Director of the JER Thailand Property Fund, a tax-exempt vehicle for the acquisition of real estate and loan portfolios. Jon also spent two years in JER’s headquarters in McLean, Virginia, acquiring NPL portfolios and real estate in the US and Canada. RE ADVISORS FELIX HICK associate partner MBB CONSULT GMBH CREATORS CREATORS TIMO HOKKANEN MAX HOSFORD partner VICUS LIMITED principal LONE STAR VENTURES timo.hokkanen@vicus.fi tel +358.9 252 282 00 max@lonestar.ru tel +7.495 737-00-58 INVESTOR offices • retail • logistics • mixed use. russia • ukraine • baltic size range: US$ 20-300 million • existing or development Timo oversees Vicus property investments in Russia and select private equity transactions. Vicus is focusing on development type of projects including regions in Russia and Ukraine. Prior to Vicus Timo worked for the EBRD in London. He has long international investment experience being stationed over 10 years in Moscow, Kiev and St. Petersburg. Тимо подбирает сделки и курирует инвестиции “Викус” в России. “Викус” специализируется на девелоперских проектах, включая регионы России и Украины. До начала своей работы в “Викус”, Тимо занимал должность старшего банкира в ЕБРР, в Лондоне. Он имеет более чем десятилетний опыт работы в сфере международных инвестиций, накопленный в Москве, Киеве и С.Петербурге. Max Hosford is a founding partner of Lone Star Ventures, a real estate organization that is currently doing business in Russia and Kazakhstan. Its business scope includes, but is not limited to development of industrial, office, residential and retail properties; leasing, sales, full service property management, property audits for major tenants, development of business plans, feasibility studies, etc. Mr. Hosford has over thirty (30) years experience in the real estate industry with the last eleven (11) years in Russia, Hungary and Kazakhstan. TERRY HU VLADIMIR IVANOV managing director TEMASEK HOLDINGS (HK) LIMITED managing partner SPECTRUM GROUP terryhu@temasek.com.sg tel +852 3589 3200 ivanov@spectrum-group.ru tel +7.495 9810601 INVESTOR office • shopping center • hotels • Germany • 100 million-development and redevelopment real estate project management • consulting • technical zakazchik • construction management • facility management Mr. Terry Hu joined Temasek in May 2005 and is currently Managing Director, Investment, responsible for Temasek’s investment effort in global real estate sector. Prior to joining Temasek, Mr. Hu was a director in the Asia Investment Banking Division of the former Credit Suisse First Boston (‘CSFB’), responsible for its investment banking effort in China’s Technology, Media and Telecom sector. Prior to joining CSFB, Mr. Hu had been with Bear Stearns Asia Limited for over 8 years, and last served as Vice President and Chief Representative for its Shanghai Representative Office, responsible for Bear Stearn’s China Investment banking business. Mr. Hu holds a degree in Bachelor of Arts from Fudan University. 1990 -1992 Vladimir was an economist in the Russian--Canadian joint venture New Bridge Soviet Telecom. In 1992, he joined Perestroika Joint Venture JSC, where he became CFO in 1994. Along with several partners, Mr. Ivanov founded the Spectrum Group of Companies in 1998. MARK JAGGER ORHUN KARTAL managing director, russia & cis JONES LANG LASALLE member of board KASA STROY mark.jagger@eu.jll.com tel +7.495 737 8000 orhun@kayi.com.tr tel +90.212 2611500 50 countries • portfolio of over 1.1 billion square feet • capital markets transactions $70.9 billion Mr Jagger has spent the last 17 years with Jones Lang LaSalle and has worked extensively in the international arena through his specialist discipline, which is advising corporate occupiers. Prior to taking up his current role, he was responsible for heading the UK National Tenant Representation business. He was also a member of the firm’s European Tenant Representation Board with shared responsibility for the development of the firm’s Pan-European Corporate Solutions capability. His achievements include the preparation of global portfolio audits, master plans, complex disposal programmes, inter-company consolidation strategies and the completion of over 8 million square feet of commercial transactions. 1990-1992 гг. - экономист совместного советско-канадского предприятия “Нью Бридж Совьет Телеком” В 1992 году переходит на работу в компанию «СП Перестройка», где с 1994 г. возглавляет финансовый департамент. В 1998 году совместно с партнерами основал Группу компаний СПЕКТРУМ. investor • developer • lender • construction • consultant• real estate • offices • residential, industrial building • shopping centers • hotels • resorts After graduation from Bosphorus University with a degree of civil engineering, Mr. Orhun Kartal started his professional career by founding Kayi Construction (1991). In 2002, with the foundation of Kasa Construction, Mr. Kartal became a member of board of Kasa Construction, which is an international company actively works in Russia. The company’s expertise lies in the fields of housing, business centers, office blocks, industrial buildings, shopping malls and infrastructural construction. Ĉąþû÷ĉüĂÿ PER KAUFMANN ROBERT KINGSMILL general director russia | ukraine IKEA vice president JER PARTNERS per.kaufmann@memo.ikea.com tel +7.495 737-53-01 robert.kingsmill@jer.com tel +44.20 7518 4350 premier international real estate investment and asset management firm PER KAUFMANN is Country Manager IKEA Russia, Ukraine and Kazakhstan, (IKEA and MEGA shopping Centers). Prior to joining IKEA in Russia, Mr. Kaufmann served as the Managing Director of IKEA Italy and France, CEO of LE PRINTEMPS, moving a traditional French Department store chain (19 stores) with 850 ME sales, to become a profitable upscale fashion retailer and, lastly, CEO of CONFORAMA, preparing a French Home Furnishing and appliances chain (240 stores in 8 countries) with 3,1 Bn Euro in sales, for the future by creating a new store concept and by developing an international sourcing organisation. Robert joined JER in December 2005, where he was mainly involved in the structuring of JER Europe Fund III and Marbleton Property Fund. In July 2006, Robert was appointed Vice President at JER in London. Prior to joining JER, Robert was a senior associate with Allen & Overy and Clifford Chance for a together eight years. During this time, Robert was involved in real estate development and investment in the UK market with a focus on developing the pan-European real estate practice and complex structured real estate transactions. Robert is a graduate of the University of Queensland with a Batchelor of Commerce & LLB and is admitted as a barrister and solicitor in Victoria, Australia and as a solicitor in England and Wales. TAVIT KÖLETAVITOGLU EVGENY KOLODKIN president ATLAS PROJECT & LAND DEVELOPMENT vice president SISTEMA-HALS tavit@atlasteam.com tel +90.212 211 5536 kolodkin@sistema-hals.ru tel +7.495 785 7742 planning • design • land development • project & construction management • consultancy • analysis • residential • mixed-use • hotels • offices • shopping malls Born in Malatya in 1951 and 1973 graduate of Urban and Regional Planning Dept. of METU, Mr. Köletavitoglu commenced his professional life in public sector. In 1980, he shifted to the private sector at managerial level and was involved in the management of major development projects (Four Seasons Hotel Sultanahmet, Robinson Select Club Maris, Port Göcek), In 1997, he founded Atlas Ltd.Co., that is active in land development and project management services. In 2001, He was awarded “the top Manager role in the Management Category” in Year’s Gold Man Contest by the readers of Para Magazine. 1996-2000 гг. г-н Колодкин работал консультантом в компании Bain & Company в Москве, Сиднее и Лондоне. 2000-2001 гг. занимал должность инвестиционного аналитика Департамента инвестиций АФК «Система». 2001-2005 гг. работал главным специалистом Департамента инвестиций ЗАО «Система-Телеком». 2005 - 2006 г. занимал должность исполнительного директора, и.о. руководителя Департамента корпоративного развития АФК “Система”. С октября 2006 г. занимает пост вице-президента - руководителя Комплекса стратегии и развития ОАО “Система-Галс”. MAKSIM KUNIN NICHOLAS LAAG managing partner INVESTMENT MANAGEMENT GROUP director FORUM PARTNERS maksim.kunin@imgcis.com tel +15708787106 nicholas.laag@forumpartners.com tel +44.20 7399 3800 private & public real estate investments • securities analysis • investment structuring & capital placement • corporate governance & fiduciary experience 2005 -2007, Mr. Kunin was responsible for Morgan Stanley Real Estate investment in Russia. He carried out first Morgan Stanley Real Estate investments in Russia. 2003 - 2005, head of Fleming Family & Partners’ effort to launch FF&P Russia Real Estate Ltd., 1st institutional investment fund in Russia with GEPT and Immoeast as the main investors. From 1999 to 2002 Maksim worked at LaSalle Investment Management (New York and London) with the main areas of practice in portfolio management, asset management and asset sales. At the end of 2001, he completed the disposition of a US$2bn real estate portfolio in New York & Los Angeles. Nicholas Laag, Director. He oversees Northern Europe and CEE countries for Forum’s private equity funds which together total over $2.0 billion in assets. Prior to Forum, Mr. Laag worked with EVV AB in corporate finance that specialized in securitizations and utility acquisitions. Forum specializes in investments in leading and merging listed and private real estate companies. Since its founding in 2002, Forum has invested in over 50 companies in 19 countries in Asia, Europe and North America. Forum seeks to create innovative property investments & financial solutions across the capital structure, from equity, to hybrids, to debt. Forum has over 50 investment professionals based in London, Hong Kong, Singapore, Stamford, Santa Fe, Beijing. CREATORS CREATORS FRANK LAMBY BILL LANE ceo HYPO REAL ESTATE BANK INTERNATIONAL managing director ALFA CAPITAL PARTNERS frank.lamby@hyporealestate.de tel +49.89 20 96 324 blane@alfacp.ru tel +7.495 775 1828 international real estate financing • public finance • infrastructure finance • capital markets and asset management Frank Lamby has been active in banking for over 20 years. He has particular expertise in the areas of commercial real estate finance and risk management. Following the set-up of Hypo Real Estate Group after the spin-off from HVB, Frank was appointed to the Management Board of Hypo Real Estate Holding AG. Nowadays he is responsible for the Germany and international real estate financing activities of the group (Commercial Real Estate Finance business). Hypo Real Estate Group is one of Europe’s largest providers of commercial real estate financing. The Group is also active in public and infrastructure finance as well as asset management. Bill joined Alfa Capital Partner in 2005 and is responsible for the sourcing and executing transactions for the Marbleton Property Fund. Bill has been active in the Russian real estate market since the early 1990’s. From 1992 to 1994, Bill worked at First Russian Real Estate, one of the first property development companies in Moscow. In 1994, Bill co-founded Noble Gibbons (presently CB Richard Ellis) one of Russia’s leading commercial property advisors. After ten years as managing director of Noble Gibbons, Bill joined ACP in 2005. Bill received his Bachelor of Arts in Russian Studies from Dartmouth College and his Jurist Doctor from Albany Law School. He is a fluent Russian speaker. GROUP MICHAEL LANGE MARKUS LEININGER chairman, russia & cis JONES LANG LASALLE head corporate banking cee EUROHYPO AG michael.lange@eu.jll.com tel +7.495 737 8000 markus.leininger@eurohypo.com tel +49.69 2548-0 CONSULTANTS 50 countries • portfolio of over 1.1 billion square feet • • capital markets transactions $70.9 billion As founding partner and chairman of the Jones Lang LaSalle Russia & CIS business, Michael Lange is directly involved in all departmental activities across the business. From creating and implementing visionary business growth strategies to being a driving force behind real estate investment, Mr. Lange plays an integral role in the Capital Markets and Corporate Financing departments, advising national and international investors alike. His work includes direct-indirect investment, structuring various financial schemes and partnerships, as well as numerous capital market transactions. Office Agency,Tenant Representation, Capital Markets, Warehousing, Retail Leasing, Strategic Consulting, Hotel Services. Markus joined Rheinhyp in 1995 and started his career in the International Property Lending Department (UK, Netherlands, Scandinavia). In mid-1997 he took over responsibility setting up the Central European Property Lending Division. After opening offices in Poland, Czech Republic, Hungary, he managed a team, which concentrates on financing of all types of large commercial properties (Retail, Offices, Hotels & Distribution Warehouses) in the region. In 2001 he was managing the set-up process of Rheinhyp’s operations in North America. After EUROHYPO’s merger which took place in September 2002, he was heading the CEE Property Lending Division. Since July 2007 he is responsible for EUROHYPO’s lending business in CEE, Nordic Countries, Netherlands. SETH LIEBERMAN RORY MACFARQUHAR managing director european re finance UBS senior economist & executive director – economic research GOLDMAN SACHS INTERNATIONAL seth.lieberman@ubs.com tel +44.20 7567 5655 macfarquhar@gs.com tel +44.20 7774-1000 Seth Lieberman is a Managing Director of Real Estate Finance at UBS Limited and member of the UBS REF Commitment Committee. He has 23 years real estate industry experience in the US and Europe and has provided debt and equity capital for property transactions totalling in excess of Euro 8bn. His experience includes international business development, equity investments, mezzanine debt and senior loan origination and structuring, asset management and workout of non-performing loans and REO portfolios. Rory MacFarquhar is an Executive Director with primary responsibility for Russia, Ukraine and Kazakhstan. He also coordinates the New Markets economic research group that covers Central and Southern Europe, Turkey, South Africa, Israel and the Middle East. He joined Goldman Sachs as a consultant in April, 2002, and splits his time between the Moscow and London offices. Rory has a BA from Yale University, an MSc from the London School of Economics, and studied towards a PhD at Harvard University. Ĉąþû÷ĉüĂÿ ERIC MAILLEBIAU VICTOR MAKSHANTSEV vice president - cee AIG GLOBAL REAL ESTATE INVESTMENT (EUROPE) LTD head real estate, russia,cis DEUTSCHE BANK eric.maillebiau@aig.com tel +44.20 7954 8100 victor.makshantsev@db.com tel +7.495 797 5236 INVESTOR commercial properties • residential russia • other cis • cee • turkey • eur 15 - 250 million (equity) • existing (non core) • developments debt and structured equity financing • private equity investments • Secured re pipeline over $2.5 bn Eric Maillebiau joined AIG Global Real Estate in January 2007. He is responsible for sourcing and structuring AIG Global Real Estate’s investments throughout Central and Eastern Europe. Prior to joining AIG Global Real Estate, Eric Maillebiau served as a Senior Banker for the European Bank for Reconstruction and Development (EBRD), including a 2-year posting to Russia in 2003 and 2004 as representative of the EBRD Property team. He holds a PhD from UC Berkeley (USA), and is a graduate from Ecole Polytechnique and an Ingénieur en Chef des Ponts & Chaussées (France). AIG Global Real Estate is a leading global real estate organisation with over $10 billion in assets under management. Joined Deutsche Bank in 2006; responsible for Real Estate development, Infrastructure & PPP projects in Russia & CIS. Earlier was Director at Jones Lang LaSalle Capital Markets Russia. Prior to that worked in StroryFirst Communications and KPMG. Graduated from Moscow State Aircraft Technology University; master’s degree in theoretical physics. MBA from Manchester Business School (2000). CAMERON MANA ARTUR MARKARYAN business development director eu, russia and the cis LIMITLESS, DUBAI WORLD managing director GLAVSTROY / BASEL cameron.mana@limitless.ae tel +971 4 360 1818 venera.urazaeva@gms.ru tel +7.495 737 3926 ûĜęĜĢĥĦģĜĤĩĨĩħĥğĩĜĢijĨĩęĥĦħĥğĞęĥěĨĩęĥ ĨĩħĥĠģėĩĜħğėĢĥęýğĢIJĜĥĘİĜĨĩęĜĤĤIJĜ ėěģğĤğĨĩħėĩğęĤIJĜğġĥģģĜħĮĜĨġğĜĥĘıĜġĩIJ üĝĜĚĥěĤĥĨĩħĥğĩĨĶĥġĥĢĥģĢĤģ ąġĥĢĥģĢĤģęğĤęĜĨĩğĭğĥĤĤĥģĦĥħĩīĜĢĜ Mr. Mana is the Business Development Director responsible for Limitless’s growth in the European, Russian and CIS markets and the Maldives. Mr. Mana has over 17 years of development experience with leading global real estate organizations and previously worked with Lend Lease Communities, 3 times winner of the FIABCI award for world’s best development, as Development Director and Australian General Manager for Business Development. Mr. Mana is a fellow and former Director of the Urban Development Institute of Australia, Australia’s leading professional body for property development professionals. Пришел в Deutsche Bank в 2006, отвечает за реализацию проектов в области недвижимости, инфраструктурных проектов и ГЧП в России и СНГ. Ранее был директором в Jones Lang LaSalle Capital Markets Russia; работал в StroryFirst Communications и KPMG. Окончил МГАТУ, степень магистра в теоретической физике. Имеет MBA в Manchester Business School (2000). DR RICHARD MBEWE RUSTEM MIRGALIMOV chief economist CAPITAL PARK SP. Z O.O chairman AVANGARD ASSET MANAGEMENT rmbewe@wp.pl tel +48.22 318 88 88 rmg@rdevelopments.com tel +7 495 7907011 Dr Richard Mbewe has got than ten years postgraduate professional experience as an Economist, Professor of international economics, Country Manager and Managing Partner for a real estate development SICAR. He is an individual member of the British-Polish Chamber of Commerce (BPCC) and the Polish Economists Association (TEP). Speaker on various conferences on macroeconomic issues, real estate market trends and EU accession impact on local economies of the new EU-10 countries. Voted the third best speaker at the Eastern European Business Forum in Stockholm in October 2005. TV & radio economic commentator in Poland. Currently, Chief Economist of Capital Park sp. z o.o. Rustem Mirgalimov is Chairman of of “Avangard Asset Management” Company with its principal office in Moscow, Russia, and member of the Board of Directors of National Association of Securities Market Participants. Beforehand, he has held various senior positions in the Russian banking sector, most recently as Deputy Chairman of AK Bars Bank. Mr. Mirgalimov holds Bachelor degree of Kazan Financial and Economic Institute and MBA degree of Chicago Graduate School of Business. CREATORS CREATORS FRANZ LUCIEN MÖRSDORF VOLKER MUENCH managing director DEKA IMMOBILIEN INVESTMENT GMBH director europe HYPO REAL ESTATE BANK INTERNATIONAL AG franz.moersdorf@deka.de tel +49.69 71 47 36 00 volker.muench@hypointernational.com tel +49 89 255520 223 Franz Lucien Mörsdorf has been a member of the Board of Directors of Deka Immobilien Investment GmbH since January 2007. With a diploma in Industrial Engineering and business administration, Mörsdorf previously held various leading management positions, serving on the Board of aurelis Management GmbH - a joint venture between WestLB and Deutsche Bahn - as well as being spokesman for the Executive Board of ASSET Immobilien Beteiligungen GmbH (a joint venture between WestLB and Metro AG) and for CB Richard Ellis Germany. Prior to that Mörsdorf managed the German portfolio for RODAMCO, a major Dutch property fund operating across the globe. Volker Muench has been working within the property financing sector since 1991. After studying economy in Germany, he began his career with HypoVereinsbank. At Hypo Real Estate Bank International he is responsible for origination of structured finance and investment banking products in Russia and the CIS for more then 4 years now. GR O UP JOHN NACOS CHRISTIAN NICKELS-TESKE managing director DEUTSCHE BANK AG, LONDON director re structured finance AAREAL BANK AG john.nacos@db.com tel +44.20 7545 8000 christian.nickels-teske@aareal-bank.com tel +49.611 348 0 LENDER international property finance expertise - across three continents • europe • north america • asia/pacific • tailor-made financing solutions John Nacos runs Deutsche Bank’s Commercial Real Estate Group in Europe, which is active in real estate lending, CMBS and distressed mortgages. Prior to joining Deutsche Bank in 2001, John was the co-founder and CFO of Creditweb, one of Europe’s leading on-line/offline mortgage intermediaries with annual loan originations in excess of Euro 1 billion. John worked at Merrill Lynch for eleven years and established and managed Merrill Lynch’s mortgage financing, opportunistic real estate and MBS/ABS trading activities in Europe. John is a 1989 graduate of Harvard College. Mr. Nickels-Teske is Director of Logistics Finance and Real Estate Structured Finance at Aareal Bank AG, based in Germany and is responsible for the operations of the Logistics Finance group’s international lending activities. He has extensive experience in single country portfolio and cross-border (Pan-European) facility structuring and has also participated in the structuring of mortgage loans for investors guided by the principles of Sharia-compliant investing. Prior to this, he originated loans and arranged structured debt facilities in the United States and Canada for Aareal Bank AG for various real estate assets including hotels and shopping ventures. DAVID O’HARA MIKHAIL OURINSON general director DTZ MOSCOW david.ohara@dtz.com tel +7.495 748 1111 retail brokerage • office brokerage • land and industrial • investment development consultancy • valuation General Director Born on May 22 1963 in New York, USA. Graduated from University of Texas. MA and MBA - UT. 2001-2002 - CMI Development, financial director; 2002-2004 - Cushman&Wakefield Stiles&Riabokobylko, executive director; 2004-2005 - AIG/Lincoln, Development director. managing director “ALUR” INVESTMENTS & DEVELOPMENT mao@alur-id.ru tel +7.495 742-5424 “alur” investments & development specialises in the integrated development of real estate construction projects in various regions of russia Mikhail is actively involved into day-to-day operations of “ALUR” Investments & Development in the position of Managing Director since 2005. ALUR is a privately owned company which belongs to Mikhail and his family. His current responsibilities involve execution of existing, identification and father implementation of new construction projects in various sectors of real estate and regions of Russian Federation. Company is currently involved in the successful implementation of several large scale development projects in commercial and residential real estate in Moscow, Tyumen, Murmansk and Kurgan. Ĉąþû÷ĉüĂÿ MICHEL PASCALIS DAVID PASCALL, CBE partner MLP - MULTINATIONAL LOGISTICS PARTNERSHIP managing director TERRA FIRMA CAPITAL PARTNERS LTD mpascalis@mlprussia.com tel +7.495 258 8900 david.pascall@terrafirma.com tel +44.20 7015 9500 development • management of grade a network of warehouses • totaling 1.5 million sq.m. • moscow • st. petersburg, kiev • rostov • ekaterinburg • novosibirsk 2003 Michel is one of the founding partners of Pascalis, Gardner and Partners (PGP). Joint owner and President (MLP). 1992 - 1994 - finance director (Compagnie Immobiliere Pheni) Moscow. 1994 - started his own real estate company, ABMP. Up to September 2003 - worked as Managing Director of JLL for Central and Eastern Europe. 1997 - Created the Retail Department in JLL in Russia. 2000 - participated in the Governor’s Ring project. Brought Auchan into Russia. The President of the RCSC. 2006 - Personality of the Year Award (Commercial Real Estate Awards). David Pascall CBE joined Guy Hands at Terra Firma as a Managing Director and Chief Executive of terrafirma GmbH in Germany in 2000. He has been responsible for a number of transactions, including the acquisition of 64,000 railway workers flats in Germany in 2001. He is fluent in German and French. David is a graduate of Birmingham University and INSEAD and spent 26 years with British Petroleum including 2 years advising Mrs Thatcher when Prime Minister. ANDREY PETROV OLIVIER PIANI business development director KNIGHT FRANK LLC president GE REAL ESTATE EUROPE maria.leonova@ru.knightfrank.com tel +7.495 981 0000 olivier.piani@ge.com tel +33.1 4312 1600 1997-1999 - Regional program coordinator of Kodapost, EastmanKodak, Moscow; 1999-2002 - Senior consultant, Office Property Department, Jones Lang LaSalle, Moscow; 2002 - 2006 - Sales Director, Knight Frank LLC, Moscow; 1 Jan 2006 - Business Development Director, Knight Frank LLC, Moscow. Andrey Petrov has been working in real estate since 1999 and has wide experience in and thorough knowledge of the office real estate market. Andrey has been involved in more than 50 transactions (both acquisitions and leasing) consulting large Russian companies and international corporations (general strategic consulting, coordination of large project, etc). Major clients: LG Electronics, Golden Telecom, SeikoEpson, L&A Exhibitions, Hitachi ltd., Ingosstrakh. Olivier is President of GE Real Estate Europe. He joined the company in December 1998 as General Manager of GE Real Estate France and Chairman and CEO of GE Real Estate UIS. Olivier began his career as a consultant with McKinsey. He then joined Banque Paribas, moving to the US as Deputy Chief Financial Officer of Becker - Paribas. After the disposal he became CFO of Paribas North America, later moving to London with the Capital Markets roup. In 1995 joined the GAN Group, as General Manager of UIC - Sofal, a commercial bank investing in real estate. Olivier holds a diploma from Paris ESCP and an MBA from Stanford University. VLADIMIR PINAEV KIRILL V PISAREV managing director, owner & occupier services, russia and cis JONES LANG LASALLE president PIK GROUP alla.zakharova@eu.jll.com tel +7.495 737 8000 kirill@pik.ru tel +7.495 5059 735 residential developer with focus on large townships • ifrs revenue $1.5 billion • In 2006, constructed over 1.2 million sqm of residential housing Vladimir has a total of 13 years experience in commercial real estate out of which he spent over 11 years with Jones Lang LaSalle. Vladimir has established the industrial department of Jones Lang LaSalle Russia in 1997 and has been advising on the key Class A warehouse developments in Russia. He handled a number of transactions with clients such as Adidas, Beiersdorf, BMW, DHL, NLC, Renova, Intercomplex, Samsung Service, Swarzkopf & Henkel, Tablogix and many others. Vladimir will provide for overall coordination of the leasing and investment sale efforts as well as with key marketing aspects as well as act as Client Relationship Manager for ENKA. Mr. Pisarev has served as our President since 1994 and as a Director since December 2005. Mr. Pisarev currently serves as Chairman of our management board. He is a member of a number of governmental and social organizations, such as the Housing Construction Board of the Chairman of the Federation Council and the Moscow Construction Union and is Vice President of the Russian Builders Association. CREATORS CREATORS RUSSELL PLATT ANDREY POLETAEV managing director FORUM PARTNERS vice president DVI INVESTMENT AND CONSULTING GROUP russell.platt@forumpartners.com tel +1.505 989-4201 apoletaev@dvi-group.ru tel +7.495 221 6114 INVESTOR Russell Platt is Managing Director and Chief Executive Officer of Forum Partners. Mr. Platt is chairman of Forum’s investment committee and oversees Forum’s three private equity funds in Europe and Asia, which together total over Euro 900 million in assets. Mr. Platt also sits on the Board of Directors of Deutsche Immobilien Chancen AG & Co KGaA. Prior to establishing Forum, Mr. Platt enjoyed a 20 year career in real estate finance and investment in Europe and North America. Born on February 23, 1974. Married in 1998. Father of two kids. Graduated in 1996 from Irkutsk State University/University of Maryland - Siberian American Department of management. Started to work in 1996 in Irkutsk Regional Government Foreign Economic Affairs Department as chief specialist. Further in 1998 joined Interross East Siberia Representative Office and later BaikalOneksimBank. In 1999 began to work for PASA in Irkutsk as regional director and in 2003 was promoted to Moscow. From 2006 started to work for DVI Group. SERGEY RIABOKOBYLKO ANTHONY RUPERTI senior executive director, partner russia CUSHMAN & WAKEFIELD STILES & RIABOKOBYLKO chairman RPSI MOSCOW sergey.riabokobylko@eur.cushwake.com tel +7.495 797 9600 anthonyr@rpsi.ru tel +7.495 983 0850 cushman & wakefield stiles & riabokobylko delivers integrated solutions in commercial real estate market development consultancy • project & cost management • technical employer’s duties • client representative duties • legal services Member of the Expert Council of the Moscow City Duma Committee on Long-term Development and City Planning, Member of the Board of Directors of American Chamber of Commerce in Russia, CIREI. One of the most visible personalities of the Russian real estate sector, Sergey is responsible for the management and development of Cushman & Wakefield’s rapidly expanding business in Russia and the CIS. Additionally Sergey has managed the Client Solutions team for over ten years. His major corporate relationships include Alfa Bank, Boeing, Deutsche Bank, GE, Microsoft, McKinsey & Co., Capital Group, CMI Development, Enka, Forum Properties and Stolny Grad. Worked for Gleeds for 8 years in England and Europe. In 1999 set up RPSi. Professionally trained as a Quantity Surveyor and Project Manager, he subsequently specialised in the Russian Market. Anthony has been involved in a number of office headquarters and major retail developments for international clients including acting as Employers Representative for Property Funds, Institutions and Developers. In 2005, RPSi entered into a strategic alliance with Davis Langdon LLP. This strategic alliance provides RPSi with access to the world’s largest global network of 85 offices and some 2,800 specialists and staff, which together clearly enables RPSi to address the largest of construction and development projects in Moscow & Russia. MASSIMO SALETTI SERGEY SAVENKOV md, co-head reib europe DEUTSCHE BANK AG, LONDON general director PALLADA-INVEST LLC. massimo.saletti@db.com tel +44.20 7545 8000 ss@tvcom.ru tel +7.4822 49-08-02 Massimo Saletti is Managing Director at Deutsche Bank and Co-head of Real Estate Investment Banking for Europe, Middle Estate and Africa, having joined the firm in June 2003. Until 2005 he was focused on launching the Italian and Southern European platform, he then moved to London to lead the European team. Before joining Deutsche Bank, Mr. Saletti spent 4 years at Lazard in the Real Estate advisory division. Previously he was part of a buy out firm specialised in turnaround situations. Since joining Deutsche Bank, Mr Saletti has been involved in numerous real estate transactions across the region, raising public equity for real estate companies, providing M&A advice and structured solutions. Since 1996 Sergey was head of a regional telecommunication joint-stock company “ATS” in Tver. Worked as a deputy financial and commercial officer of the telecommunication public corporation “Electrosvyaz” in Tver region. Since 2003 president of the corporation “ATS”. Since 2005 general director of the development company “Pallada-Invest” which is now building a shopping & entertainment center of more than 60 000 sq.m GLA in Tver. До 1996 г. Сергей работал в НИИ 2 МО. С 1996 г. – генеральный директор ЗАО «АТС». С 2003г. – президент компании ЗАО «АТС». С 2005г. – ген. директор девелоперской компании «Паллада-Инвест», занимающейся строительством торгово-развлекательного комплекса общей площадью более 60 000 кв.м в Твери. Ĉąþû÷ĉüĂÿ DR LUDEK SEKYRA ANNA SHIRYAEVA chairman of the board SEKYRA GROUP AS managing director MAGAZIN MAGAZINOV lsekyra@sekyragroup.cz tel +420.234 005 555 shiryaeva@magazinmagazinov.ru tel +7.495 725.2656 PROPERTY COMPANY commercial • residential development ppp projects • cee • russia • croatia • romania • eur 300 million annual volume of investment Dr. Ludek Sekyra is a Chairman of the Board of Directors of Sekyra Group, a.s, the largest real-estate group in the Czech Republic. He studied at the Faculty of Law of Charles University where he also taught for a short time as a specialist in politics and jurisprudence. Before he founded Sekyra Group in 1996 he became a partner at Bakes & Sekyra attorneys office. Sekyra Group is the largest real estate company in the Czech Republic with an annual investment volume of appx. Euro 300 million. The principal areas of business activity are real estate development, investment and investment management. SG plans to invest 1 billion EUR in new projects between 2007 and 2010. Active in Russia, Ukraine, Slovakia, Romania, Croatia & Poland. studies & research • consulting • brokerage • investments Ms. Shiryaeva has 15 years of experience in commercial real estate: she established and supervised Retail Property Department for Colliers International, Moscow, worked for DTZ and Sawatzky. In 1998 Ms. Shiryaeva founded MAGAZIN MAGAZINOV, which she leads as its CB and MD for almost a decade by now. Member of ICSC. Chairman of Russian Council of ULI. А. А. Ширяева работает в области коммерческой недвижимости с 1993 года: в частности, была создателем направления торговой недвижимости и директором Colliers International в Москве, ведущим консультантом московского офиса DTZ. В 1998 основала компанию МАГАЗИН МАГАЗИНОВ и по настоящее время является ее генеральным директором. Член ICSC. Председатель Российского совета ULI. ALEXANDR SHKARUPA DAVID SIMONS principal/director ALACOR LTD managing director R.D.S. DEVELOPMENTS LIMITED koshevaya@alacor.com.ua tel +380.44 492 77 55 djs@rdevelopments.com tel +7.495 790 7011 Alexander Shkarupa is Principal and Director of ALACOR - one of the leading Ukrainian real estate investment and development companies. Mr. Shkarupa provides the required leadership in formulating broad strategic policies and directions. ALACOR management team benefits from the breadth of his experience acquired through his 12 years’ career in industrial business in Ukraine, Russia and other CIS countries. He approves major investments and strategic decisions. His extensive business and personal contacts ensure proper management of the projects starting from acquisition, risk management, approval and permitting process and until completion of the project. David Simons is the Principal of RDS Developments Limited, a real estate development company with its principal office in Moscow, Russia. RDS is currently undertaking projects with a developed value in excess of $1 billion, primarily in the industrial and hospitality sectors, including the development of a 248,000 square meter warehouse and logistics center near Kazan Airport, Tatarstan currently one of the largest private real estate investment in the Russian regions. IVAN SITNIKOV ANDREW SMITH general director ROSEVRO DEVELOPMENT managing director CATELLA PROPERTY GROUP info2@red-realty.ru tel +7.495 135 2850 andrew.smith@catella.se retail projects development • investment • ownership & management • Company pipeline includes about 2 million sq. m. 1995 - the acting Department Head in the rank of VP of the Russian Credit bank, engaged in development of the branch network and opening subsidiaries of the bank in Russia/ CIS; 1998 – MD of the investment and finance company S.A. & P., dealt with establishing and managing of investment projects in real estate, attracting investment; 1999 - he headed the Moscow office of the Nat Invest Securities Corp. Ltd. investment company; 2002 - RosEuroBank, Head of the Corporate Finance and Project Finance Department; 2003 - NLK Development, General Director; 2004 - RosEvroDevelopment, General Director. Andrew Smith has been recruited to assist Catella Financial Advisory Group in the start up of the Moscow office and business development going forward. Andrew was previously employed by CBRE in Central and Eastern Europe and more recently by ING Real Estate Investment Management on the listed fund side acquiring in Europe. Catella Property Group is a leading European provider of property advisory services and property asset management services in selected sectors and markets. In 2006, Catella acted as advisor in property transactions with a value of approximately EUR 11.3 billion. Between 2002 and 2006, we assisted clients in investment transactions valued at EUR 26.1 billion. Catella employs about 300 people in twelve countries. CREATORS CREATORS RICHARD SOBEL ALEKSANDRAS SOLOVEICIKAS ceo ALFA CAPITAL PARTNERS chief executive officer PROGRESYVIOS INVESTICIJOS rsobel@alfacp.ru tel +7.495 775 1828 aleksandras@pi.lt tel +370.5 263 88 80 real estate developer • residential • office • hotel • CEE • Russia • Ukraine • USA Richard is CEO of Alfa Capital Partners, a Moscow based private equity group with $701 million under management. From 1994-1997 Mr. Sobel co-founded and managed Baring Asset Management’s US$160 million First NIS Regional Fund, SICAF. Richard’s direct investment track record in Russia includes investments in VimpelCom, Golden Telecom, Borjomi, Burren Energy, Global Telesis, Volgatanker, Noble Gibbons, World Class and Russian Logistic Services. Mr. Sobel previously worked in Moscow with Batterymarch Financial Management and the EBRD, and in the US with Partminer, Inc., Bain & Company, and Amara Capital. Richard is American, fluent in Russian, with an MBA from Harvard and a Bachelors degree from Stanford. GROUP Mr. Aleksandras is the Chief Executive Officer of the real estate developing company ‘Progresyvios Investicijos’, UAB. Since 1998, Mr Aleksandras has grown Progresyvios Investicijos to one of the leading real estate company in Lithuania and has expanded its activities in other countries - Ukraine, Slovakia, Latvia and the USA. Mr. Aleksandras has the bachelor in Construction, master in International Trade Business, every year attends the Program for executive development in International Institute for Management Development (IMD, Switzerland). Mr. Aleksandras is originally from Vilnius, Lithuania. His hobbies are tennis, travelling, hi-tech. GABOR SOMOGYI NICHOLAS SPIRO head of international real estate finance BANK AUSTRIA CREDITANSTALT cee capital markets research director DTZ gabor.somogyi@ba-ca.com tel +43.1711 91 5 4199 nicholas.spiro@dtz.com tel +48.22 521 5000 Gabor Somogyi joined Bank Austria Creditanstalt in 2004 and is Head of International Real Estate Finance. Within Unicredit Group, Europes 9th largest bank, this department structurs and commits debt financing for mainly commercial real estate transactions (mid and large size) for international clients investing in CEE/SEE, Russia, the Ukraine and Turkey. Gabor has been in the real estate business for more than 10 years and holds a degree in Real Estate Economics. Nicholas Spiro joined DTZ in June 2006 as Director of Central and East European Capital Markets Research, based in the firm’s Warsaw office. Prior to this, he was a financial journalist, writing for prestigious titles such as The Economist, the Financial Times and The Banker. He also worked for Medley Global Advisors, a New Yorkbased investment advisory firm, as a central European macro-political consultant. FRANK STEFFEN MICHAEL STERNICKI senior director europe HYPO REAL ESTATE BANK INTERNATIONAL AG senior vice president AAREAL BANK frank.steffen@hypointernational.com tel +49 89 255520-240 michael.sternicki@aareal-bank.com tel +48.22 544 90 60 Frank Steffen, born in 1969, has started his career at Deutsche Bank AG, Germany. With more then 11 years experience in commercial real estate financing Frank is heading the bank Russian lending business where he was responsible for bank’s the first development finance in Russia. Before Frank has joined the CEE team in September 2004 he was Head of Business Development Europe and Senior Risk Manager for the bank’s US, UK and Asian lending business. Michael Sternicki is a Senior Vice President within the Real Estate Lending Team of Aareal Financial Service Polska, a wholly owned subsidiary of Aareal Bank AG, who is a leading international specialist property bank with core businesses of Property Asset Management, Consulting and Property Lending / Structured Finance. Mike has worked in Warsaw since November 2000. Prior to this he worked 3 years within the International Real Estate Financing Team of Aareal Bank AG and was based in Germany and London. Ĉąþû÷ĉüĂÿ MARK STILES ANTON SURKOV general director, russia CUSHMAN & WAKEFIELD STILES & RIABOKOBYLKO cfo TOMILINO TECHNOLOGISTICS mark.stiles@eur.cushwake.com tel +7.495 797 9600 lbt@tpf.ru tel +7.495 558 62 12 cushman & wakefield stiles & riabokobylko delivers integrated solutions in commercial real estate market SIOR, ICSC, member of Charter Member of the Atlanta Commercial Board of Realtors. A pioneer of the Russian commercial real estate market, Mark has been successfully involved in international capital markets for real estate investment companies and is active in fund advisory and investment services. Mark’s clients include Eastern Property Holdings, Moscow McDonald’s, ING Bank Eurasia, W.R. Grace & Co., Templeton Emerging Markets Fund, Nestle, Ikea Mega Malls, Moscow Government - Usadba Center, West GKA - Berlin House, Dresser Industries, Stolny Grad - Novinsky 31, Unisys World Services, ABB and Mirax - Federation Towers. multifunctional logo and industrial parks • development • construction • operation Anton, deputy director general of JSC “Tomilinskaya ptitsefabrika”. Anton Surkov was born in 1974 in Moscow region. Anton has graduated State Management Academy. Ph. D. In Economics. In 2003 he was appointed deputy director general of JSC “Tomilinskaya ptitsefabrika”. Антон Сурков, с 2003г. заместитель ген. директора по финансам и экономике ЗАО “Томилинская птицефабрика”. Родился в 1974 г. Окончил Гос.Академию управления им. С. Орджоникидзе по спец-ти информационные системы в управлении. Кандидат экономических наук. С 1996 года работал аналитиком, управляющим коммерческой службы. ROBERT SZTEMBERG CHRISTIAN THALHAMMER head of representative office poland HSH NORDBANK AG ceo AKRON-GROUP robert.sztemberg@hsh-nordbank.com tel +48.22 586 90 00 c.thalhammer@akron-group.com tel +43.1 879 58 58 INVESTMENT BANK financing commercial real estate projects • offices • shopping centers • warehouses • hotels • poland • russia structuring individual loan facilities Robert Sztemberg started his banking career in 1999 at Hamburgische Landesbank. After a trainee program he took over responsibility for Central European Markets. From December 1999 Robert worked on the strategy of setting up the bank’s activities in Poland, where after the merger of Hamburgische Landesbank and Landesbank Schleswig-Holstein in June 2003 to HSH Nordbank AG, he is currently Head of Poland Office. His focus is financing of commercial properties (Offices, Retail & Logistics) in Poland and Russia. Though born and growing up in Poland, Robert was educated in Germany. He graduated from Business Admin. Studies in Konstanz, Germany. akron is a real estate investment group , which purchases, develops, and manages office, logistic buildings and shopping centres Christian founded together with G. Kloimüller the AKRON GROUP in 1995. AKRON GROUP is represented in the Netherlands, Germany, Hungary, Poland, Croatia, Russia, Ukraine. Together with his partners he is operating the real estate investment group based in Vienna. Started his career at the energy department of the Austrian federal ministry of Commerce. He was involved in the strategic planning of the Österreichische Industrieholding AG (ÖIAG), worked as personal secretary of F. Lacina, Federal Minister of Transport & thereafter as sales director at Alcatel Austria. Before founding AKRON GROUP he was MD of Vienna Portfolio Management AG & CEO of real estate branch of Getina Immobilien Management AG. LEE TIMMINS FIRAS TLASS senior vice president HINES executive director PALMYRA REAL ESTATE DEVELOPMENT lee_timmins@hines.com tel +7.495 785 0500 info@palmyrarealestate.net tel +963 116711900 After joining Hines in 1988, Lee Timmins worked for a number of years in the southwest United States developing office and mixeduse projects. In 1993, he relocated to Moscow, Russia and was responsible for Hines’ first joint venture in Eastern Europe. Since 1993 he has developed, invested in and managed more than $1.5 billion of real estate, including the 50,000 square meter Ducat Place III office development, the 145,000 square meter LogoPark logistics park, and the 60,000 square-meter mixed-use complex Park Place Moscow. 1980: Started working in agriculture by establishing a model farm, for the breeding of quells, and producing vegetables and roses for both local and neighboring countries markets. 1986: Worked in food industries: cold meat, luncheon meat and metal cans. He started an Import & Export business: sugar, coffee, tea, canned tuna. 1995: Started a new business in construction & real estate sector where he established MAS Company for Engineering and Construction, and then, in 2005, Palmyra Real-Estate company in partnership with Dubai’s company Belhasa & Swiss group Hirsch & Cie. CREATORS CREATORS PETER ULM ROBERT VELICH partner AKRON-GROUP asset manager IMMOFINANZ AG p.ulm@akron-group.com tel +43.1 879 58 58 r.velich@immoeast.at tel +43.1 812 11 99 12 akron is a real estate investment group, which purchases, develops, and manages office, logistic buildings and shopping centres Peter is Partner & Member of the Executive Board of AKRON Group. AKRON GROUP is represented in the Netherlands, Germany, Hungary, Poland, Croatia, Russia and Ukraine. Peter holds degrees in law and business administration and moreover is a chartered property developer and real estate trustee. During the years 1993 to 2000 Peter was working with IMMORENT AG, a subsidiary of the Austrian Erste Bank Group and was responsible for the real estate development and the structured finance business. Before joining AKRON GROUP in 2003 he was CEO of Zwerenz & Krause AG responsible for real estate developments in Hungary, Czech Republic, Germany and Austria. Born in Austria in 1967. Married, one son, 3 years old. Studied Law and Economics in Vienna, Louvain-La-Neuve and New York. Graduated from Vienna Law School in 1991 with “Magister Degree” in 1995 with PhD in Law. 1996 graduated with LL.M. degree from NYU Law School. From 1996 to 1999 worked in international Law Firms in Vienna. Passed Bar Exams in Vienna and New York. From 2000 to 2004 worked as real estate developer with Immoconsult on projects in Budapest, Warsaw, Prague and Ljubljana. From 2004 to date working with Immoeast as developer in Budapest and in acquisitions in Russia and Ukraine. KATHLEEN VERELST JAMES WAKELIN executive director MORGAN STANLEY director UBS kathleen.verelst@ms.com tel +44.20 7677 5255 james.wakelin@ubs.com tel +44.20 7568 3723 Kathleen Verelst is an Executive Director of Morgan Stanley. She is a senior member of the Real Estate financing business in Europe focused on large loan origination and execution throughout Europe. Her responsibilities also include seeking to expand the lending platform in new markets such as Russia and Turkey. Ms Verelst joined Morgan Stanley’s New York offices in 1998. She was part of the Real Estate investment banking team until 2005 both in New York and London and then joined the European Real Estate financing business in 2005. Prior to joining Morgan Stanley, Ms Verelst practiced law for 4 years at Cleary Gottlieb Steen & Hamilton and Shearman & Sterling in New York. James Wakelin is a director in the Real Estate Finance team of UBS Investment Bank. The team focuses on equity investments, mezzanine finance, bridge loans and pan European property lending opportunities. James has 7 years real estate experience having previously worked for INVESCO Real Estate in their London office. STEVEN WAYNE PETER J. WEINZIERL ceo JENSEN GROUP ceo MEINL BANK AG steve@jensen.ru tel +7.812 325-1306 weinzierl@meinlbank.com tel +43.1 531 88 200 jensen group is a saint petersburg based real estate investment and development company Steven founded Jensen Group in 1992. He is currently CEO of Jensen Group and PGI Group, its parent company. In his sixteen years of investment experience in Russia, he has started businesses in the real estate, software and biotechnology sectors. Currently, Wayne manages the real estate businesses and was primarily responsible for raising and investing the Company’s $100 million Jensen Group I Limited Partnership He serves on the Executive Committee of the American Chamber of Commerce in St Petersburg and is the General Director of Sestroretsk Instrument Works, a Jensen-managed investment & the oldest (built by Peter the Great in 1721) factory in St Petersburg. Prior to Jensen, he worked in the New York and London offices of Morgan Stanley. After studying economics and computer science at the University of Vienna (1983 - 1987), Peter studied at the Diplomatic Academy in Vienna (1987 - 1989). From 1989 - 1991 he studied international business at Georgetown University, Washington D.C. He also holds a masters degree in law from the University of Vienna. In 1985 Peter started his professional career at the Austrian Institute for Advanced Studies. From 1989 to 1991 he worked as a research assistant at Georgetown University. Peter joined Meinl Bank AG in 1992 and worked within corporate finance. Since 1999 Peter has been a member of the management board of Meinl Bank AG and was instrumental in building up Meinl European Land. Ĉąþû÷ĉüĂÿ PHILIPP WESTERMAN KARL WILSON executive director MORGAN STANLEY BANK AG general manager cee & russia AAREAL BANK philipp.westermann@morganstanley.com tel +49.69 2166 0 karl.wilson@aareal-bank.com tel +48.22 544 90 60 LENDER international property finance expertise • across three continents • europe • north america • asia/pacific • tailor-made financing solution Philipp Westermann, Executive Director. Morgan Stanley Real Estate, Merchant Banking Philipp Westermann is Portfolio Manager for Europe for Morgan Stanley’s Global Special Situations Fund III. Karl Wilson is the General Manager of Aareal’s operations in CEE region and Russia, where the Group has been active for 10 years being involved in both project development financing and medium to long term investment financing in most real estate categories. Prior to joining Aareal, Karl managed the Corporate Finance Real Estate Group of PwC in Central Eastern Europe, and as such has a deep understanding of the Regional markets . Before moving to Central Europe, Karl worked in both Frankfurt and London in Real Estate Banking. Karl holds a degree in Estate Management from Trinity College Dublin, Ireland. Aareal Bank have offices in Warsaw & Prague and are setting up a office in Moscow. ANDREW ZAKREVSKIY CHRISTOPHER ZEUNER senior vice president KNIGHT FRANK LLC director of business development GE REAL ESTATE andrew.zakrewsky@ru.knightfrank.com tel +7.495 981 0000 christopher.zeuner@ge.com tel +420 22 25 95 25 14 1998-2001г.г. работал в центральном аппарате АФК «Система», занимался вопросами оценки и реализации инвестиционных проектов, в том числе проектов в области недвижимости В 2001 г. перешел в девелоперскую компанию «Система- Галс» - управляющую компанию бизнес-направления «Строительство и недвижимость» АФК «Система», где до последнего времени занимал должность вице-президента по стратегии и развитию компании «Система-Галс». С ноября 2006 года назначен на пост Cтаршего ВицеПрезидента российского представительства компании Knight Frank LLC. Является членом экспертного совета Российской Ассоциации Маркетинга (РАМ), член международных профессиональных организаций девелоперов ULI и GRI. VLADIMIR ZUBRILIN chairman of the board FORUM PROPERTIES zubrilin@forum-prp.ru tel +7.495 692 7644 integrated investment • development, property management • top commercial and residential projects • Best Developer in Russia 2006 (Euromoney) 1991-1992 worked in New York as foreign associate with “White & Case” law firm. 1992 established as one of the founding shareholders a company which developed into and was later rebranded as Forum Properties. Forum Properties is a group of companies that is now one of the leading Russian Developers of commercial real estate. Currently Mr. Zubrilin is co owner and Chairman of the Board. Forum Properties has been recognized as the Best Developer of commercial real estate in Russia for years 2004 and 2007 according to “Commercial Real Estate”, and named by the UK magazine “Euromoney” Developer of the year in 2006 (Russia). Christopher Zeuner (MRICS), head of Business Development for GE Real Estate in Central & Eastern Europe, is responsible for expanding GE’s real estate investments throughout the region via acquisitions, developments and structured loans. Christopher has more than 6 years experience in the region and has been heavily involved in closed transactions totalling more than EUR 0.5 Bn in the region. middle eastgri Dubai 18-19 March 2008 ćüúÿĈĉć÷čÿĖ|ĎĂüĄĈĉùąùāĂĊøü*5, }ÖåäáãÞèÛæÛÙÞçèæÖìÞäããéôêäæâéÞØñîáÞèÛåäêÖàçé1 +44 20 8445 6633 {y~v~z{xvx w{>I@ úąĈĉÿĄÿč÷ ûĂĖĈąĆćüûĈüû÷ĉüĂüĀûÿĈāĊĈĈÿĀÿ ĎĂüĄąùāĂĊø÷*5, ĆħĥĝğęėĤğĜĤĜęġĢĵĮĜĤĥęħĜĚğĨĩħėĭğĥĤĤĪĵĨĩĥğģĥĨĩij Ćąý÷ĂĊĀĈĉ÷ĆćüûąĈĉ÷ùēĉüĈĂüûĊĕĐĊĕ ĖþĒāûÿĈāĊĈĈÿĀ ûğĨġĪĨĨğğĦħĥĬĥěĶĩĥěĤĥęħĜģĜĤĤĥĦėħėĢĢĜĢijĤĥěħĪĚěħĪĚĪę ħėĞĤIJĬġĥģĤėĩėĬĤėģĜĨĩĤĥģĶĞIJġĜğėĤĚĢğĠĨġĥģĈğĤĬħĥĤĤIJ ĦĜħĜęĥěĥĘĜĨĦĜĮĜĤěĢĶĦħĜĞĜĤĩėĭğĠĩĥġįĥĪğěĢĶĤĜġĥĩĥħIJĬ ěğĨġĪĨĨğĠĤĥĤĜěĢĶęĨĜĬ Ê7-/ iVÌÀÊ >>}}Ê`À 6-/","Ê J}L>°V Li°ÜiÃÌLiiV {Ó£ÊÎ{x ÌiÊʳ{{°ÓäÊÇ øüĀûý ĆĥĝėĢĪĠĨĩėĪĘĜěğĩĜĨijĮĩĥğģĜĤĤĥĠĘĜĠěĝęĨĜĚěėĨęėģğęĥ ęħĜģĶęėįĜĚĥĦħğĨĪĩĨęğĶĤėġĥĤīĜħĜĤĭğĶĬ 6-/", ĊĈĂąùÿĖĊĎ÷ĈĉÿĖ Ê`ÀÊà ÀiÊ«ÃÕ iÊii «ÃÕ°Ê+ÕÃµÕ } > ÕÃÊ°ÊÊÊ ÊviÕ} iÀÃ]Êi}iÃÌ>à ÊiÌ Õ>ÊÃi«iÀ ÀÊ Ê«i ÌÀ>ÊÌÀµÕiÌ Êi Õ>Êv>VÃ°Ê i ÊÛi Õ iÌ ` V ÌÃÊ ÕVÌÕÃ]ÊÛii> V° Õ>ÊÃi`ÊÕ JOHN A CAR RAFIELL global co-hea d MORG AN STANLreal estate EY sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 INVES PIERRE TOR office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only TOR PHILIP LLARD TOR INVES BERND office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only R LENDE Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, aptent HARD E sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 INVES TOR R þ÷ûąĆąĂĄÿĉüĂēĄąĀÿĄċąćă÷čÿüĀąøć÷Đ÷ĀĉüĈē THAKER ceo europ e HYPO REAL ESTAT sedips E BANK um@al iquamm INTER tel +00.0 NATIO assa.c 000 00 NAL om 0000 LENDE ĆħğħĜĚğĨĩħėĭğğĬğĢğĘĥĢĜĜěĜĢĜĚėĩĥęęIJĦĥĢĪĮğĩĜĨġğěġĪ ûĜĢĜĚėĩėģĤĜĥĘĶĞėĩĜĢijĤĥĘIJĩijğĞĥěĤĥĠġĥģĦėĤğğ HARIN office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed velit s id, felis. Morbi leo. Integer nisi, placera t accums an. office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. PLEASE PROVIDE: ZZZJOREDOUHDOHVWDWHRUJLQIR#JOREDOUHDOHVWDWHRUJ ĉĜĢę÷ĤĚĢğğ ċėġĨ ÷ěħĜĨ+LJK5RDG/RQGRQ1/3ç8. āħėĩġĥĜĥĦğĨėĤğĜěĜĶĩĜĢijĤĥĨĩğġĥģĦėĤğğ² ĨĢĥęģėġĨğģĪģ ÿĤęĜĨĩĥħIJěĜęĜĢĥĦĜħIJĩğĦģĜĨĩĥĤėĬĥĝěĜĤğĜ ģėĨįĩėĘIJĥĦĜħėĭğĠ {xxw{>I@ ĆħğģĜħ ´ĥīğĨIJĚĥĨĩğĤğĭIJĥĦĩĥęIJĜĦħĥěėĝğúĜħģėĤğĶ Ĉùþü86ģğĢĢğĥĤĥꫵ ÿĄûÿùÿûĊ÷ĂēĄąü • ĎĢĜĤIJġĢĪĘė*5,ĤėĮğĤėĶĨěĜġėĘħĶĦĪĘĢğġĪĵĩĨĶę ĦĜĮėĩĤĥģğĞěėĤğğ©*5,ġĤğĚėĚĥěėªāĤğĚėğĞěėĜĩĨĶęģėħĩĜ ġėĝěĥĚĥĚĥěė • ùĨĜĮĢĜĤIJġĢĪĘėĦĥĢijĞĪĵĩĨĶĨġğěġĥĠĦħğħĜĚğĨĩħėĭğğĤė ĨėģģğĩIJ*5, • ĎĢĜĤĨĩęĥęĨĩĪĦėĜĩęĨğĢĪĨĚĥěĤĶġęėħĩėĢėġĥĚěė ĦħĥğĞĥįĢėħĜĚğĨĩħėĭğĶ • ąĩģĜĤėĦĥğĨĩĜĮĜĤğğĨħĥġėĮĢĜĤĨĩęĥėęĩĥģėĩğĮĜĨġğĤĜ ĦħĥěĢĜęėĜĩĨĶùĞĤĥĨĤĜęĥĞęħėİėĜĩĨĶĦħğĥĩģĜĤĜ • ĈęĶĝğĩĜĨijĨĤėģğĜĨĢğęIJĬĥĩğĩĜĦĥĢĪĮğĩijĦĥĢĤIJĠĨĦğĨĥġĦħėęğĢ ğĦħğęğĢĜĚğĠġĢĪĘė*5, āąćĆąć÷ĉÿùĄąü • ûĢĶĦĥĢĪĮĜĤğĶĦĥěħĥĘĤĥĨĩĜĠĦĥĝėĢĪĠĨĩėĥĩĦħėęijĩĜĨęĥĠ ĞėĦħĥĨĦħĜěĨĜěėĩĜĢĵ*5,² +HQUL$OVWHUKHQULDOVWHU#JOREDOUHDOHVWDWHRUJ office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only arcu. nostra, In condim taciti per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. FRANÇO ĈāÿûāÿĆćÿćüúÿĈĉć÷čÿÿúćĊĆĆ KNOBLO CH EUROH YPO AG sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. IS POC office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. B. GAI intern ationa HRO GROUP l chairm an sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 ceo AEW EUROP CHERKI manag ing direct RREEF or sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. INVES ćĜĚğĨĩħėĭğĥĤĤIJĠęĞĤĥĨěĥĢĝĜĤĘIJĩijĪĦĢėĮĜĤĦĥĢĤĥĨĩijĵěĥ ĤėĮėĢėġĥĤīĜħĜĤĭğğāĨĥĝėĢĜĤğĵęIJĤĜĘĪěĜĩĜěĥĦĪİĜĤIJ ġĪĮėĨĩğĵĘĜĞĪĦĢėĩIJħĜĚğĨĩħėĭğĥĤĤĥĚĥęĞĤĥĨėüĨĢğęIJĤĜ ĦĥĢĪĮğĢğĥĩĤėĨĦĥěĩęĜħĝěĜĤğĶĥęėįĜĠħĜĚğĨĩħėĭğğğĥĦĢėĩĜ ęĩĜĮĜĤğğħėĘĥĮğĬěĤĜĠĦĥĝėĢĪĠĨĩėĦħĥğĤīĥħģğħĪĠĩĜ ĤėĨĥĘĴĩĥģÿĞģĜĤĜĤğĜěĜĢĜĚėĩėğĢğĥĩģĜĤėħĜĚğĨĩħėĭğğ ²ěĥĢĝĤėĘIJĩijĦħĥğĞęĜěĜĤėęĦğĨijģĜĤĤĥĠīĥħģĜþėģĜĤė ěĜĢĜĚėĩėęĥĞģĥĝĤėęĢĵĘĥĠģĥģĜĤĩĥĩĨĩĥğģĥĨĩğ ħĜĚğĨĩħėĭğĥĤĤĥĚĥęĞĤĥĨėĘĪěĜĩęėģęĥĞęħėİĜĤėęĨĢĪĮėĜ ĥĩģĜĤIJħĜĚğĨĩħėĭğğĞėĤĜěĜĢijěĥĤėĮėĢėġĥĤīĜħĜĤĭğğ āĨĥĝėĢĜĤğĵĦĥĨĢĜĴĩĥĚĥĨħĥġėĦħğĥĩģĜĤĜĪĮėĨĩğĶ ħĜĚğĨĩħėĭğĥĤĤIJĠęĞĤĥĨęėģęĥĞęħėİĜĤĤĜĘĪěĜĩ Ã>iÃÊ ÌiÃÊUÊLÕÊ Ê vwViÊUÊ ÊViiÊUÊV > }iÀ>ÞÊU ÊÊ ää ÊÊx ää ÕÃf£ iÌÊ « Ûi Ê`i iÝÃÌ}ÊÀ ÃÊÞÊ >ÀÊiÌÀ ûĜęĜĢĥĦĜħIJĨĦĜĭğėĢğĞėĭğĶĩğĦģĜĨĩĥĤėĬĥĝěĜĤğĜ ĥĘıĜģIJĦħĥĜġĩĥę« ûħĪĚĥĜĥĦğįğĩĜġħėĩġĥĤėĦħėęĢĜĤğĜěĜĶĩĜĢijĤĥĨĩğ ęėįĜĠġĥģĦėĤğğ ùėįėĭęĜĩĤėĶīĥĩĥĚħėīğĶąĎüĄēęIJĨĥġĥĚĥ ġėĮĜĨĩęė ĂĥĚĥęėįĜĠġĥģĦėĤğğīĥħģėĩHSV ùėįėġħėĩġėĶĘğĥĚħėīğĶ ĨĢĥęģėġĨğģĪģĤėĥěĤĥģĶĞIJġĜĤė ħĪĨĨġĥģğėĤĚĢğĠĨġĥģĨĢĥęĤėġėĝěĥģ ĄėĦħėęĢĜĤğĜħėĘĥĩIJęėĨęėįĜĚĥĥĩěĜĢėę ġĥģĦėĤğğ London 6-7 May 2008 WORLD GRISUMMIT 5(*,675$7,21|0(0%(56+,3 Please complete the form and fax to: REGISTRATION HOTELS Lodging costs are not included in conference fees. LANGUAGES +44 20 8445 6633 FOR DISCUSSION (CO-)CHAIRS AND MEMBERS ONLY Please email to: profiles@mygri com Group discussions run concurrently, several going on at the same time separate rooms, in the local language as well as in English. Simultaneou translation is provided for key sessions but not for all discussions. BADGES Ê7-/ Delegates must wear badge at all times. Admission will regrettably not be possible otherwise. iVÌÀÊ >>}}Ê`À 6-/","Ê J}L>°V Li°ÜiÃÌLiiV {Ó£ÊÎ{x ÌiÊʳ{{°ÓäÊÇ TERMS AND CONDITIONS 6-/", Payment is required by return. Delegate fee must be paid in full prior to conference or admission is regrettably not possible. Ã>iÃÊ ÌiÃÊUÊLÕÊ Ê vwViÊUÊ ÊViiÊUÊV > }iÀ>ÞÊU ääÊÊ ÊÊx ää f£ Õà «iÌÊ Ûi Ê`i ÊÀ iÝÃÌ} ÃÊÞÊ >ÀÊiÌÀ }ÊiÌ°Ê-i`Ê iÀÊ>`«ÃV iÌ]ÊVÃiVÌiÌÕ Ê>ÃÃ>°Ê Ê`ÀÊÃÌÊ> iÌiõÕiÊ`>°ÊµÕ> ÀiÊ«ÃÕ iÊiivi`Ê«i «ÃÕ°Ê+ÕÃµÕ } > ÕÃÊ°ÊÊÊ ÊviÕ} iÀÃ]Êi}iÃÌ>à ÊiÌ Õ>ÊÃi«iÀ ÀÊ Ê«i ÌÀ>ÊÌÀµÕiÌ Êi Õ>Êv>VÃ°Ê i ÊÛi V`iÌÕ JOHN A CAR ÌÃÊ RAFIELL ÕVÌÕÃ]ÊÛii> V° Õ>ÊÃi`ÊÕ Confirmation will be sent on receipt of payment. If you have not received confirmation within 14 days of registration, please contact us t confirm your booking. global co-hea d MORG AN STANLreal estate EY sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 INVES Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possible at any time. 90% refund will apply if cancellation notice is received by 6 weeks before the event. We regret no refunds ar possible for cancellations received thereafter. TOR • CORPORATE MEMBERSHIP • Please contact Henri Alster, Chairman, GRI: henri.alster@globalrealestate.org HARIN THAKER ceo europ e HYPO REAL ESTAT sedips E BANK um@al iquamm INTER tel +00.0 NATIO assa.c 000 00 NAL om 0000 R • office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. LENDE • R • GRI Members as of December 31 are listed in the GRI Yearbook of the subsequent year, published in March. GRI Members benefit from reduced Member rates when registering to attend GRI Meetings. Starting date of membership is the 1st day of the quarter in which registration is made. It can be requested to start the next quarter. Cancellation: Expiring memberships self-cancel automatically if not renewed. There is no mid-year cancellation mechanism. Complete list of membership benefits available on request. LENDE TOR INVES PLEASE PROVIDE: KNOBLO CH EUROH YPO AG sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 D office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. 1. COMPA P NY SPECIALTY L - maximu Investors/lenders: criteria (type • where • amount range • • existing vs development...) Example: “office, hotels, bulk sales • Germany, CEE, China • US$100-500million • existing or development • major metros only” GRI ANNUAL MEMBERSHIP • POCHAR ceo AEW EUROP E sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 Main: 511 Avenue of the Americas - Suite 4100 New York NY 10011 · USA Europe/Asia: 1379 High Road London N20 9LP · UK INDIVIDUAL MEMBERSHIP TOR TOR www.globalrealestate.org info@globalrealestate.org UK Tel: +44. 20 8445 6757 UK Fax: +44. 20 8445 6633 BERND office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. FRANÇO IS • • office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. B. GAI LLARD INVES Inquiries and further information: INVES PHILIP CHERKI manag ing direct RREEF or sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 intern ationa HRO GROUP l chairm an sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000 GROUP RATE Group rate is per person. Applies to groups of 3 or more participants. Need not be from the same company. Please note that registration fee reductions are not cumulative. PIERRE office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only Lorem ipsum dolor sit ipsum. Quisqu amet, Duis mi. e eleifend consec tetuer In in magna pellente eros, egestas adipisc sque id ing Nullam feugiat, quam posuere diam. Aliquam elit. Sed semper litora torquen elit vel tempor vehicula congue. Maurismassa. risus. , tincidun urna Nulla facilisi. t per conubia Class t ac, arcu. nostra, aptent taciti In condim per incepto sociosq entum nec elit. Fusce u luctus, venena tis risus. molestie purus s hymena ad venena Nullam tis et diam. eos. sed nunc. et, faucibu Vestibulum Sed s id, felis. velit Morbi leo. Integer nisi, placera t accums an. Developers: product specialty (type • where • size range • existing v development...) Other: describe speciality bullet point style 2. COLOR R PORTRAIT PHOTO: HIGH RESOLUTION .JPG 3. LOGO: COLOR R • B/W • INVERSE (.EPS FORMAT) A 4. PERSONALL BIOGRAPHY + DIVISION’S PROFILE - 100 words maximum total, in 1 or 2 languages [adjust pro-rata if other language takes less space (e.g. Mandarin - 2 to 1) or more]. - Division’s profile: division’s specific activity (more relevant & useful than company’s overall) Budapest 24-25 November 2008 DETAILS DETAILS MR/MRS/DR... SUFFIX (III•JR..) GLOBAL REAL ESTATE INSTITUTE www.globalrealestate.org info@globalrealestate.org MAIN: 511 Ave of the Americas - suite 4100, New York, NY 10011, USA tel +1.866 399 1001 EUROPE/ASIA: 1379 High Road - 6th floor, London, N20 9LP, UK tel +44.20 8445 6653 FIRST MIDDLE/INITIALS NICKNAME LAST BADGE NAME BUSINESS ACTIVITY (Please tick one) T INVESTOR T INVESTMENT BANK T GOVERNMENT (Officials) T PENSION (Investor) TCORPORATE (User) T ECONOMIC DEVELOPMENT T PROPERTY COMPANY T AGENT (Surveyor) T ACADEMIC (Think Tank) (Developer) T ADVISOR (Accountant/Tax) T MEDIA T INFRASTRUCTURE COMPANY T LAWYER T TRADE (Group/Exhibit/ T LENDER T A&E (Architect/Engineer) T HOTEL (Company) T TITLE (COMPANY) Conference Organiser) T OTHER_________________ POSITION Q PA YME NT D E TA I LS (please t ick) A r e c e i p t w i l l b e r e t u r n e d . COMPANY NAME B Y C AR D T Visa T Master T Am Ex EMAIL CARD NUMBER DIRECT TEL FAX PA EMAIL NAME ON CARD TEL EXPIRY ADDRESS SIGNATURE CREDIT CARD BILLING ADDRESS, if different from above (important, please provide) STREET ADDRESS CITY STATE POSTCODE COUNTRY CITY STATE/COUNTY POSTCODE DIVISION’S WEB ADDRESS (EX: WWW.COMPANY.EXT/DIVISION...) GROUP RATE: applies to 3 or more registrations. Need not be from same company. MEMBERSHIP FEES Regular Discussion co-Chair** Euros £ Sterling φ£1,200 φ£400 φD1,800 φD600 US$ φ$2,400 φ$800 GRI World Summit 07 London April 23 -24 Single Non Member Group rate Non Member GRI rate Member Discussion Chair Until March 9 φ£1,910 φ£1,763 φ£1,440 φ£1,146 £1,625 + VAT £1,500 + VAT £1,225 + VAT £975 + VAT φ£2,027 φ£1,880 φ£1,557 φ£1,264 £1,725 + VAT £1,600 + VAT £1,325 + VAT £1,075 + VAT After March 9 ** Available for confirmed & fee-paying Discussion co-Chairs after settling event fees and before the event has taken place. Fee for payment methods other than credit card Deutsche GRI 07 China GRI 07 Frankfurt May 8-9 Single Non Member Group rate Non Member Discussion Chair or GRI Member Until March 28 φD2,946 φD2,708 φD2,232 D2,275 + VAT D1,875 + VAT φD3,065 φD2,827 D2,475 + VAT After March 28 D2,575 + VAT D2,375 + VAT Fee for payment methods other than credit card GRI Europe Summit 07 Beijing June 6-7 Single Non Member Group rate Non Member Discussion Chair or GRI Member Until April 27 φ$2,975 φ$2,675 φ$2,275 φD2,351 After April 27 φ$3,075 φ$2,775 φ$2,375 φD90 (D75 + VAT) Fee for payment methods other than credit card D1,975 + VAT Paris Sept 10-11 07 Single Non Member Group rate Non Member Discussion Chair or GRI Member Until July 31 φD2,961 φD2,721 φD2,243 D2,475 + VAT D2,275 + VAT D1,875 + VAT φD3,080 φD2,841 φD2,363 D2,375 + VAT D1,975 + VAT After July 31 D2,575 + VAT Fee for payment methods other than credit card India GRI 07 φD90 (D75 + VAT) Russia GRI 07 φ$125 Moscow Sept 26-27 Single Non Member Group rate Non Member DISCUSSION CHAIR OR GRI MEMBER Until August 10 φD2,475 φD2,275 φD1,875 After August 10 φD2,575 φD2,375 φD1,975 Fee for payment methods other than credit card New Europe GRI 07 φD75 Istanbul Nov 26-27 Single Non Member Group rate Non Member Discussion Chair or GRI Member φ$2,275 Until October 12 φD2,475 φD2,275 φD1,875 φ$2,375 After October 12 φD2,575 φD2,375 φD1,975 φ$125 Fee for payment methods other than credit card New Delhi Oct 3-4 Single Non Member Group rate Non Member Discussion Chair or GRI Member Until August 31 φ$2,975 φ$2,675 After August 31 φ$3,075 φ$2,775 Fee for payment methods other than credit card φ£59 (£50 + VAT) φD75 A GLOBAL CLUB Profiling in the Yearbook is automatic with annual membership. The Yearbook is available to GRI Members only ùĨĜğĤěğęğěĪėĢijĤIJĜğġĥħĦĥħėĩğęĤIJĜĮĢĜĤIJ ġĢĪĘė*5,ĦĪĘĢğġĪĵĩĨĶę©āĤğĚĜĚĥěė*5,ª āĤğĚėğĞěėĜĩĨĶħėĞęĚĥě©āĤğĚėĚĥěė*5,ª ěĥĨĩĪĦĤėğħėĨĦħĥĨĩħėĤĶĜĩĨĶĩĥĢijġĥĨħĜěğ ĮĢĜĤĥęġĢĪĘė*5, "(-0#"-$-6# (3*.&.#&34:&"3#00, )N-EMORIUM IPXBSEQSPOTPO iÊÜ>ÃÊÌ iÊÃÌÊ}Û}ÊÃÕ]ÊÌ iÊÃÌÊV>À}ÊvÀi`°Ê iÊÜ>ÃÊÌ iÀiÊ>Ü>ÞÃÊ>`Ê iÊÜ>ÃÊÌ iÀiÊiÝ«iÌ>ÞÊ Ü iÊÌ iÀÃÊV ÃiÊÌÊÌÊLi°Ê7 iÊÌ iÀiÊÜ>ÃÊ Ì }ÊÊÌÊvÀÊ ÊiÝVi«ÌÊ>}ÊÃÕÀiÊ ÃÊvÀi`ÃÊ ÜiÀiÊ}}ÊÌÊLiÊ"°Ê7Ì Ê ÃÊÌi]ÊyÕiVi]Ê Ài>Ìà «Ã]Ê>`ÛVi]ʫðÊÊ Ê Ü>ÞÃÊ«ÀÌiVÌÛi]ÊiVÕÀ>}}]ÊÃiyiÃðÊÊ "ÕÀÊÜÀ`ÊÜÊLiÊÕV Êi«ÌiÀÊÜÌ ÕÌÊ °ÊÊ 7iÊV iÀÃ Ê ÃÊiÀÞ°ÊÊ7iÊ>Ü>ÞÃÊÜ° Ǜ3&53&"5.&.#&34 Ǜ$03103"5&.&.#&34 Ǜ*/%*7*%6"-.&.#&34 ÃÊvÊΣÊiViLiÀÊÓääÈÊ ÃÊvÊΣÊiViLiÀÊÓääÈÊ (3*$03103"5&.&.#&3 (3*$03103"5&.&.#&3 !26).$"!*!* -!2+53"%2!. $!6)$#/(%. 3(!(:!!$$!,!, */(.$79%2 '!29'!22!"2!.4 3(2!6!.'504! $%%0!+0!2%+( -!.)3(0!27!.) 3!.*!96%2-! */.!4(!.9!0 °°°}iÌÌ}ÊiÛiÀÞL`ÞÊÌÊà >Ài]Ê ViVÌÊ>`Ê>iÊvÀi`ð°° .)2!.*!.()2!.!.$!.) 3/..9+!,3) */(.-!#$/.!,$ -/&!42!*-5./4 !25..!.$! 2533%,,0,!44 352%3(2!(%*! $!6)$3#(!%&%2 "!22934%2.,)#(4 $%2%+15).,!. 3JDIBSE%BOTFSFBV "OPQQPSUVOJTUJDBQQSPBDI UÊ- ÀÌÌiÀÊÛiÃÌiÌÃÊÌ ÀiiÊÌÊwÛiÊÞi>Àî UÊ>ÃÌ}ÀÜ}Ê>ÀiÌÃÊ}iiÀ>ÞÊÛiÀi`ÊLÞÊÌ iÀÊÛiÃÌÀà UÊ7i`iwi`ÊiÝÌÊÃÌÀ>Ìi}ià UÊ6>Õi>``i`]Ê } ÀiÌÕÀÊÛiÃÌiÌà "OUIPOZ.FTTJOB "QSPWFOJOWFTUNFOUTUSBUFHZ UÊVÌÛiÊ>>}iiÌÊ`iÃ}i`ÊÌÊVÀi>ÌiÊÛ>ÕiÊÌ ÀÕ} ÊÛ>ÌÛiÊ>ÃÃiÌÊÊ ÊÊÊÀi«ÃÌ}Ê>`Ê>ÀLÌÀ>}iÊÃÌÀ>Ìi}ià UÊ*>ÀÌiÀà «ÊÜÌ Ê } V>LÀiÊV>Ê«>ÞiÀÃÊÌÊÌ}>ÌiÊÀÃ]Êà >ÀiÊ ÊÊÊV«iiÌ>ÀÞÊiÝ«iÀÌÃiÊ>`ÊÌ>«ÊÌÊ««ÀÌÕÌiÃÊÊëiVwVÊ>ÀiÌà UÊÌi}À>Ìi`ÊÀÃÊ>>}iiÌ]ÊLÌ ÊÊ«ÀÌvÊ>>}iiÌÊ>`ÊÊ ÊÊÊLÕÃiÃÃÊ«À>VÌVià 3JDIBSE%BOTFSFBV *ÀiÃ`iÌÊEÊ ivÊ"«iÀ>Ì}Ê"vwViÀ /iʳ£°x£{ÊÈÇÎÊ£ÎxÈ À`>ÃiÀi>ÕJV>`°VÊ ).$)! 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Membership Individual and Corporate Membership of the GRI is open to senior players in the real estate industry that find it beneficial to belong to a global community of elite achievers in their industry Privileges include prominent inclusion in membership rolls, reduced rate at GRI Meetings, profiling in annual GRI Yearbook, preferential access and introductions to fellow members and more. ÿĤěğęğěĪėĢijĤĥĜğġĥħĦĥħėĩğęĤĥĜĮĢĜĤĨĩęĥęġĢĪĘĜ*5,ĥĩġħIJĩĥěĢĶ ęĨĜĬġĥģĪğĤĩĜħĜĨĤėęĥĞģĥĝĤĥĨĩijğĤĩĜĚħėĭğğęģĜĝěĪĤėħĥěĤĥĜ ĨĥĥĘİĜĨĩęĥĢğěĜħĥęğĤěĪĨĩħğğĤĜěęğĝğģĥĨĩğĆħğęğĢĜĚğğęġĢĵĮėĵĩ ĨġğěġğęħĜĚğĨĩħėĭğĥĤĤĥĠĨĩĥğģĥĨĩğĤėęĨĩħĜĮğ*5,ĦĪĘĢğġėĭğĶę ©āĤğĚĜĚĥěė*5,ªĦħğęğĢĜĚğħĥęėĤĤIJĠěĥĨĩĪĦğġĥĤĩėġĩIJĨġĥĢĢĜĚėģğ ĦĥğĤěĪĨĩħğğğģĤĥĚĥĜěħĪĚĥĜ Henri Alster henri.alster@globalrealestate.org Tel +44. 20 8492 2620 Senior Partners Partners Media Partners