Slido.com - ref: #Z203 Login: guestwifi4@client.room Password: - - PowerPoint PPT Presentation

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Slido.com - ref: #Z203 Login: guestwifi4@client.room Password: - - PowerPoint PPT Presentation

Nov 08, 2023 227 likes •619 views

Slido.com - ref: #Z203 Login: guestwifi4@client.room Password: XLG6qY9q Slido.com - ref: #Z203 Slido.com - ref: #Z203 Slido.com - ref: #Z203 Login: guestwifi4@client.room Login: guestwifi4@client.room Login: guestwifi4@client.room Password:

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Slido.com - ref: #Z203

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Moderator Welcome Kevin Aitchison CEO of Knight Frank Investment Management & Member of AREF Management Committee

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Lord Jonathan Hill Senior Adviser, Corporate Client Solutions UBS Mat Oakley Director, Commercial Research Savills Andrew Phipps Head of EMEA Research and Insight Cushman & Wakefield Paul Richards Managing Director AREF Ann Xu Associate, CBRE Global Investors & Member of AREF FutureGen + AREF ESG & Social Impact Committees

Speakers & Panellists

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Agenda for today

09.00 Welcome – Kevin Aitchison 09.05 Andrew Phipps, Cushman & Wakefield 09.15 Mat Oakley, Savills 09.25 Paul Richards, AREF 09.35 Panel session & questions featuring:

  • Lord Jonathan Hill, UBS
  • Ann Xu, CBRE Global Investors
  • Andrew Phipps, Matt Oakley, Paul Richards

10.20 Conclusions 10.30 Join us for coffee & networking 11.00 Close

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Poll Question:

To answer this poll please search Slido.com in your web-browser and enter the code below:

Slido.com Ref:#Z203

Slido.com - ref: #Z203

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Keynote Andrew Phipps Head of EMEA Research and Insight Cushman & Wakefield

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AREF 20:20 Vision

Andrew Phipps, Cushman & Wakefield, January 21st 2020

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  • Economic and

Political Direction

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Political background

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It’s mine, it’s all mine…

That feeling when you can’t quite believe it

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U.S. Iran tensions rise

Global political and economic impact

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Not going anywhere

President…Prime Minister…President…Prime Minister…

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Societal change

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Societal change

Alignment of desire and opportunity

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Demographic shift

  • Younger generations have a voice

and expect to be listened to

  • The unofficial apprenticeship is

no longer viewed as the norm

  • Expectations and satisfaction

levels are mis-aligned

Different generations in the workplace, so what?

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Environmental beliefs

The level of acceptance is overwhelming

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A changing society

Evolution creates challenge

Technology Demography Economics Skill development and continuous learning Lower birth rates Reduced access to home

  • wnership

Informed consumers Environmental conscience Focus on culture and experience Routine tasks automated Constant connectivity Dissociation of wealth and home

  • wnership

Increasing urbanisation Ability acquire goods remotely Agile working Data driven workplaces Changing model

  • f ownership

Rising income inequality Aging population Higher levels of education Multi- generational accommodation

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Risks for real estate

Low risk of recessionary factors in 2020

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Keynote Mat Oakley Director, Commercial Research Savills

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Key themes for UK commercial

AREF 20:20 Vision Event: Mat Oakley, Savills

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Brexit has not gone away!

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3 Trends

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Some risk- averse investors will return, but what is there to buy?

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Source: Savills Research

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London office fundamentals strong Time to build? Some risk- averse investors will return, but what is there to buy?

0.0% 2.0% 4.0% 6.0%

Glasgow Edinburgh Reading Birmingham Bristol Cambridge London WE Oxford Leeds Cardiff Manchester London City

Office prime rental growth: 3 year annual average % pa

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Retail turbulence is not over, but good retail now looks cheap London office fundamentals strong Time to build? Some risk- averse investors will return, but what is there to buy?

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Source: Savills Research

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Retail turbulence is not over, but good retail now looks cheap

  • 26.8%
  • 7.5%
  • 24.90%
  • 4.10%
  • 4.05%
  • 4.07%
  • 30%
  • 25%
  • 20%
  • 15%
  • 10%
  • 5%

0% 5% 10% Shopping Centre Retail Warehouse High Street

YoY % change to end Q3 2019 Savills net effective rent change MSCI average rent growth

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3 Disruptors

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Rising hunger for long income

  • pportunities

meets scarcity

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Last mile (and last metre) logistics still complicated Rising hunger for long income

  • pportunities

meets scarcity

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x Uncertainty will not disappear Last mile (and last metre) logistics still complicated Rising hunger for long income

  • pportunities

meets scarcity

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My top picks

Core Opportunistic

  • London offices with

rental growth potential

  • Undersupplied regional
  • ffice markets
  • Urban logistics with

potential change of use

  • Re-priced prime retail

where shoppers want to be

  • High quality offices let to

serviced office providers

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Paul Richards Managing Director AREF

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AREF Outlook

  • Lobbying
  • Relationship with The Investment Association
  • Immediate challenges:

—Brexit —Liquidity —Social & environmental impact

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Panel Session + Q&A

To ask questions during this panel session: Search Slido.com into your web-browser and enter the code #Z203

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Lord Jonathan Hill Senior Adviser, Corporate Client Solutions UBS Mat Oakley Director, Commercial Research Savills Andrew Phipps Head of EMEA Research and Insight Cushman & Wakefield Paul Richards Managing Director AREF Ann Xu Associate, CBRE Global Investors & Member of AREF FutureGen + AREF ESG & Social Impact Committees

To ask questions during this panel session: Search Slido.com into your web-browser and enter the code #Z203

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Conclusions

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Poll Question:

To answer this poll please search Slido.com in your web-browser and enter the code below:

Slido.com Ref:#Z203

Slido.com - ref: #Z203

Login: guestwifi4@client.room Password: XLG6qY9q

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Thank you Join us for coffee/networking outside

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