1. Healthcare

30-31 October 2014
The Barcelona Funds Meeting
At the Barcelona Meeting Point’s Symposium 2014
Main Sponsors:
Sponsors:
Co-Organized by:
30 October
16:30 – 17:30
A Session organized by:
Sovereign Wealth Funds: White Sharks or White Knights?
Analysis of the ESADEgeo’s Report on Sovereign Funds
and the Property Sector
In recent years we have seen growing state funds investing in real estate outside of their local market and beyond their
traditional safe places like London and New York.
This is a new type of investor that until just 10 years ago represented a singularity and has now come not only to stay
but to become a key player in the real estate sector.
PNB, EPF, KIA, QIA, ADIA, IPIC, Temasek, GIC, CIC, HKIA, SABA, ... they are all sovereign wealth funds, the highest link in
the investment chain that have taken advantage of the recession years to play his position and play his new role structuring sophisticated vehicles.
Also, Sovereign funds in many cases represent interests that go beyond the real estate rationality making difficult to
analyze and understand their investor appetite from the same perspective of the sector and the traditional institutional
investor.
In this session we will teach the parameters to be analyzed to understand their strategies and investment patterns of
their different profiles SWFs, while we discover their future trends and their investor appetite for 2014/2015.
We will discuss issues such as different profiles of Sovereign Funds and their global strategies, comparison between
Sovereign Funds and other Institutional Investors, are still currently “Core” assets their goals? What are the trends?
What is the appetite that SWFs have for Europe and Spain?
Moderator
Xavier Reig
CEO & Co-Founder
Black Capital
Barcelona
Speakers
Borja Goday
Director of Corporate
Finance, Financial
Institutions Group &
Real Estate Advisory
KPMG
Madrid
Gustavo Martínez Zamora
Vice President
Drago Capital
Madrid
Javier Santiso
Vice President
ESADEgeo
Madrid
30 October
18:00 - 19:30
A Session organized by:
Reviewing The Relationship of Spanish Banks, SAREB
and Public Administrations with International Investors.
How to Translate It into More and Better Deals
The huge international capital flows towards investment funds has had a significant impact on Spain.
Those investors have found in Spain, and especially in the real estate sector (both for lending and
equity), an appropriate and quite attractive place where channel a part of the obtained funds. And it
is expected that, after those broad investors, the largest and leading property-specializing funds also
return to Spain.
The “must be” counterparts for such international investors are the major Spanish real estate and
debt operators, led by the banks and the SAREB.
The early years of the relationship between those asset sellers and international investors have not
been as easy as priory envisioned. A positive element though, it has been is that both sides have
learned from their mistakes and successes.
This session will deal with: 1) the main teachings from these first years of relationship, 2) how to
facilitate the execution of transactions, 3) how to take advantage of the partnerships already in place,
and 4) what the forecasts are for the near future.
Moderator
Jose Luis Suárez
Professor
IESE
Madrid
SPEAKERS
Jaime Echegoyen
CEO
SAREB
Madrid
Remigio Iglesias
Managing Director
Grupo Santander
Madrid
Javier López Torres
Partner
Real Estate Advisory
KPMG
Madrid
Miquel Montes
Managing Director
Banc Sabadell
Barcelona
José Luis Moreno
Managing Director of
Property Assets
Region of Madrid
Madrid
Agustín Vidal-Aragon
Managing Director
BBVA Real Estate
Madrid
31 October
09:30 - 10:30
BREAKFAST
Outlook On The Spanish Economy
Introduction
Manuel Pérez
Deupty Director & Chief of Economy
La Vanguardia
Barcelona
Keynote Speaker
Íñigo Fernández de Mesa
Secretary of Economy
Government of Spain
Madrid
11:00 - 12:15
A Session organized by:
New Listed Property Companies:
Challenges and Opportunities
Fundamentals seem to draw the end to the crisis and the beginning of a new cycle. Spain is back in the radar of
international investors and, what’s more important, “long money” is seeking listed platforms from which to “play”
in the recovery cycle.
In this session, a group of main players will share their past experiences and their forecasts for this new period:
Colonial as the main owner of offices and the company which has carried out the largest public offering; and Hispania
and Merlin Properties as recently established listed SOCIMIs; and Philip Charls, CEO of EPRA, representing the
association of European listed property companies.
Moderator
Enrique Martínez-Laguna
Vice President
CBRE Spain
Barcelona
Speakers
Ismael Clemente
Executive Chairman
& CEO
Merlin Properties
Madrid
Emilio Miravet
Partner - Corporate
Finance FIG & Real
Estate Advisory
KPMG
Madrid
Luis Pereda
Executive Chairman
Grupo Lar
Madrid
Pere Viñolas
CEO
Inmobiliaria Colonial
Barcelona
31 October
12:30 - 13:45
A Session organized by:
Servicers: Just New Agents or The Origin
of Future Real Estate Companies?
The servicers together with the most relevant consultants have already become the real experts and
operators of the market. Some as service provider to an one-only client, normally a bank, and others
as multi-client platforms with Sareb or a bank as flagship.
Insomuch as their leading shareholders (funds) acquire additional asset portfolios, their priority may
shift to the management of these new assets.
If purchases of assets take place under syndicated funds deals, will we see servicers merge? Will
servicers merge with consultants? Will these management platforms (servicers/consultants) acquire
assets directly becoming thus the seed of the large real estate companies of the future? Will then they
be listed on the Stock Exchange?
Moderator
Eduard Mendiluce
President
Club Inmobiliario
ESADE
Barcelona
SPEAKERS
Enrique Dancausa
CEO
Aktua
Madrid
Francisco Javier
de Oro-Pulido
Director of Real Estate
Assets
Aliseda
Madrid
Feliu Formosa
Executive Financial
Director
Servihabitat
Barcelona
Javier García del Río
Managing Director
Solvia
Barcelona
Andrés Ribón
Partner- Corporate
Finance
KPMG
Madrid
Juan Francisco
Vizcaíno
CEO
Co-Founder of
HipoGes Iberia
Madrid
BARCELONA MEETING POINT 2014
Registration Form
Barcelona Funds Meeting
With this registration you will also have access to The Investors Business Lounge,
Professional Exhibition, and General Attendance Exhibition
Full Name
Title
Company
VAT Nº
Address
Telephone
City
ZIP Code
e-mail
Barcelona Funds Meeting
550 Euros + 10% VAT = 605 Euros
20% discount for members of the following associations:
ESADE Membership Number
IESE Membership Number
440 Euros + 10% VAT = 484 Euros
Choose your payment option and send this sheet to [email protected] or to +34 93 223 42 50
Credit Card
VISA
AMEX
Master Card
Cardholderʼs Name
(The name must be at it appears in the credit card)
Credit Card Nº
Bank Transfera:
Expiry Date:
B.M.P., Barcelona Meeting Point, S.A.U.
La Caixa. Paseo de la Zona Franca, 242. 08038 Barcelona. Spain
IBAN Code ES77 2100 0840 4102 0056 3016
Swift Code: CAIXESBBXXX
Signature:
Once the registration has been
purchased, cancellations are
non-refundable.
Cancellation Policy: No refund
REGULATION OF PERSONAL DATA: In compliance with the Spanish Law 15/1999 of December 13th regulating the treatment of personal data, the information submitted will be added to
B.M.P. Barcelona Meeting Point, S.A.U. database and it may be used for its business activity, maintaining its business relations and inform you of our services and activities through postal
mail, e-mail and/or fax. If you do not wish to give us your consent to keep you informed of our business activities and services please mark the box.
You also authorize B.M.P. Barcelona Meeting Point, S.A.U to give your information to our collaborating entities of the real estate, construction, urbanism, financial and communications
sectors, with the purpose to send you information regarding its services and products through postal mail, e-mail and/or fax. If you do not wish to give us your consent, please mark the box.
At any time, the applicant will have the right to access, modify, cancel and deny the use of these data by addressing the claim to BMP Calle 60, nº 19, 6th Floor. Polígono Industrial Zona
Franca. 08040 Barcelona. Phone +34 93 223 40 50; Fax: +34 93 223 42 50.
Barcelona Meeting Point. Calle 60, nº 19 - 08040 Barcelona, España. Tel. +34 93 223 40 50 - Fax. +34 93 223 42 50. [email protected] - www.bmpsa.com
October 30th & 31st, 2014