Encouraging thought leadership & business excellence
building the future of New Europe

From ‘future office’ to musical chairs

Slide02Insight Summit — CEEQA@Mipim, 5pm, 15th March 2016, Verrière Grand Audi, Palais des Festivals (Level 1), Cannes

What does the office of the future look like, and what does it have to do with challenges and opportunities in the New Europe office market today? 

  • RICS Futures keynote Maarten Vermeulen and 2016 CEEQA@Mipim panelists examine how Gen-Y workplace models could substantially alter office leasing and investment landscape in New Europe markets and internationally in the coming decade
  • Sector leaders ponder if “future office” trend could further complicate current supply-demand imbalance in the medium term but will eventually be off-set by urbanisation megatrend

CEEQA@Mipim2016_11-6039_1024The annual CEEQA@Mipim Insight Summit brought together a group of the most experienced operators in the New Europe property markets to discuss potentially the next big wave of change in market mechanics, the changing function and design of the work place driven by the changing life and work dynamics of a generation brought up on gaming consoles and the internet.

A RICS Futures keynote by RICS Managing Director for Europe, Russia & CIS Maarten Vermeulen, targeted the issue as one of 6 major focus areas for the industry, but one that the industry could be strategically undervaluing as the millennial generation moves society values from the work-life balance ethic of Generation X to the work-life blend ethic of Generation Y.

CEEQA@Mipim2016_20-6125_1024Hadley Dean concurred strongly, arguing that in heading up the EMEA roll out of the Compass Office brand as both a tenant and a serviced office provider he was unconvinced that many developers were moving forward on this issue. This was against a general consensus among panelists also including Daniel Harris of Tristan Capital Partners, HB Reavis’ CEO & Head of Strategy Pavel Trenka, JLL’s Tomasz Trzoslo and CBRE’s Sean Doyle, all seasoned experts in investment and development in the New Europe region, that tenant demand for technical innovations, space design as well as community and environmental ethic considerations – all key elements in the future office mix – is being, and would increasingly be, driven by the tenant just as the green building trend had been over the past decasde, with those developers and asset owners moving quickest to meet the demand getting an advantage.

CEEQA@Mipim2016_16-6072_1024Benchmarking against progress elsewhere, Colliers International’s EMEA head of cross border investment Richard Divall said the same was true in other markets where hi-tech tenants like Google and Compaq and buildings like The Edge in Amsterdam are leading the charge and while some developers and asset owners were reacting it is still more ad hoc than strategic, despite the added push of urbanisation. From a financing standpoint, Helaba’s head of international real estate finance for continental Europe, Martin Erbe, felt that banks were a long way off from making calls on the trend but it was clear that, as with the green revolution, buildings that lead the way will find debt finance more accessible as the assets would be more attractive in the long run.

CEEQA@Mipim2016_8-6020_1024The conversation then turned to the Warsaw office market as a prime example where demand-supply imbalances and the changing landscape of the office could intersect sooner rather than later, where the past few years have seen a charge on investment into a strong output of new projects amid relatively static tenant demand and falling rents. However Tomasz Trzoslo in particular argued that Warsaw had a record net absorption in 2015 at 280,000 sqm, the sixth biggest net absorption in Europe after Moscow, London, Madrid, Stockholm and Berlin, while stock in Warsaw is still relatively low in comparison to other capital cities with a density of 2.7 m2 per person against much higher levels in Western European cities.

The presentation and panel was followed by announcement of the 2016 CEEQA RealGreen awards for leadership and innovation in green building given out annually at CEEQA@Mipim in Cannes. Skanska once again dominated with awards for RealGreen Developer of the Year for the fifth time running as well as for RealGreen Building of the Year for Corso Court in Prague, while Hines weighed in with the award for RealGreen Investor of the Year and Arcadis once again took the title of RealGreen Service Provider of the Year for the fourth time in five years.

CEEQA@Mipim2016_41-6317_1024Also announced at the event was this year’s short list for the main CEEQA Awards which will be presented at the 2016 CEEQA Gala on 12th April in Warsaw, the sector’s flagship annual gathering attended by more than 700 regional and international business leaders active in the CEE and SEE property markets. The winners of this year’s RealGreen Awards in four categories automatically go through to selection by the CEEQA jury for the overall CEEQA Green Leadership also to be announced at the CEEQA Gala, which this year will host a live concert by global music legend and multi Grammy winner Bonnie Tyler.

1-CEEQA@Mipim2016_53-6500_1024The awards are the sector’s most respected industry recognition, organised each year in association with the Financial Times to reward excellence and to showcase the achievements and opportunities of the New Europe real estate sector to the international investment arena. They are free to enter and are judged by a jury panel of senior industry representatives of market leading companies across Central & Eastern Europe and Southeast Europe with the voting closely supervised by globally trusted consultants Deloitte.

More than 200 guests were treated to a unique one-off reunion concert by celebrate COCK ROBIN duo Peter Kingsbery and Anna LaCazio as well as a lounge session by Milan based musician and DJ/producer Gioli Lipari. The event was hosted by well known Polish broadcaster Monika Zamachowska.

  • Keynote: RICS Futures
    • Maarten Vermeulen, Managing Director Europe, Russia & CIS, RICS

      Maarten is responsible for RICS operations in Europe, Russia & CIS. He leads a diverse and dynamic team across Europe, Russia & CIS, where he is responsible for bringing ethical and professional standards to the European property market and offering access to the most sought after professional status.

      He is looking to develop the profile and standing of RICS across continental Europe, Russia and CIS, strengthen member services and reach out for new members.

      Maarten has many years of experience in real estate. Before taking this role he was Europe Director at Composition Capital Partners where he was responsible for a significant portfolio of equity investments across Europe. Prior to that, he worked with Protego Real Estate Investors, Lasalle Investment Management and Bouwfonds Asset Management.

  • Panelists
    • Daniel Harris, Managing Director Central & Eastern Europe, Tristan Capital Partners

      Daniel Harris joined Tristan after successfully working with the EPISO Fund investment team at AEW Europe since 2010. Previously he spent five years with MGPA where he was Head of CEE. His responsibilities included acquisitions in the region, which amounted to over €1.5 billion over the five-year period, and the management of the Warsaw office which he established in 2008. Additionally he undertook pan-European transactions and established a logistics joint venture in France. Prior to working at MGPA, he spent three years at Heitman working on both Central European and Western European transactions.

      Daniel was awarded Professional of the Year at the CEE Retail Awards in February 2010.

    • Hadley Dean, Chief Executive Officer EMEA, (MRICS) Compass Offices

      Hadley joined Compass Offices in 2015 with a remit to open 80 high specification serviced office centres within Europe, Middle East and Africa during the next 3 years. Prior to joining Compass, Hadley was Managing Partner Eastern Europe for Colliers International, having joined the firm in 2001 as Managing Director for Poland, where he enjoyed considerable success building the business in all areas across the CEE, SEE, Russia and CIS regions.

      During Hadley’s tenure with Colliers International the company was awarded the key industry award, CEEQA, in 2004 and each year from 2009 to 2014. He is a member of Young Presidents Organisation and a Member of RICS.

    • Martin Erbe, Head of International Real Estate Finance Continental Europe, Helaba

      Martin heads up real estate financing in Continental Europe for Helaba Landesbank Hessen-Thüringen, which belongs to the German savings bank network. Based at the bank’s Frankfurt headquarter he manages the origination for Central Europe and Benelux. He has worked on a wide range of financing transactions in the past and has more than 21 years of real estate experience in the European markets. Helaba currently manages a loan book of around EUR 35 bn in commercial real estate, almost half of this amount representing the bank’s international business in Europe and the US. Helaba’s relationship-oriented strategy remained unchanged during the crisis and is consistently directed towards its target markets. In 2014, 2015 and 2016 Helaba was awarded “Lender of the Year” by the CEEQA Jury.

    • Pavel Trenka, Group CEO, HB Reavis

      Pavel is Member of the Board, CEO and Head of Strategy at Slovakia-based real estate development company HB Reavis, joining the company in 2007. He was previously Associate Principal at McKinsey and Company (2000 – 2007) and an Associate at Bank Austria Investment Bank. He is a graduate of The University of Rochester – William E. Simon Graduate School of Business Administration.

    • Richard Divall, Head of Cross Border Capital Markets EMEA, Colliers International

      As Head of Cross Border Capital Markets for EMEA, Richard works with international clients who are interested in investing in the region and connects their capital to local partners and best local Colliers International experts. Conversely, he also works with core investors based in EMEA to help them expand their portfolios in other regions around the world. Through his extensive connectivity in the global real estate market, he connects capital with opportunities, regardless of location.

      Richard works with a broad spectrum of clients including Sovereign Wealth Funds, global institutions, global private equity investors and family offices. Clients choose to work with him based on the full range of advisory services including buy and sell side investment sales for all major asset classes including office, industrial, retail, residential and hotels as well knowledge on alternative sectors including student housing, PRS and leisure sectors.

      He has over 19 years capital markets experience and has been involved in transactions valued at over £7billion in the UK and Europe and has advised many clients on complex investment strategies:

      • In 2015, helped win over €7bn of sale listings in UK, Germany, Italy and CEE.
      • Advised Starwood Capital on the acquisition of a distressed fund with 106 properties in Norway and Sweden for €1.2bn from Norway’s largest bank DNB.
      • Sourced several Asian investors leading to successful acquisitions of over €700m in London real estate.
      • Set up a UK property fund for Kuwait Finance House, the 3rd largest Islamic bank in the world.
    • Richard Hallward, Founder & Managing Director, CEEQA & Imagine Live Media

      Richard is founder and Managing Director of CEEQA and its market insight platform Insight Forum, and owner of its operating company Imagine Live Media. CEEQA is the main annual industry awards for the New Europe commercial real estate sector spanning 18 countries in Central & Eastern Europe and Southeast Europe, produced in association with the Financial Times and Deloitte.

      He has nearly 30 years experience creating and leading high profile productions and live media assets across business, arts/culture and entertainment sectors in UK, France, USA and Central & Eastern Europe working with international business leaders and organisations, including 14 years in European real estate. He is also a partner in Warsaw Creatives, a market leading agency in fashion retail production, events, talent management, branding and creative services in Poland.

    • Sean Doyle, Head of Capital Markets Poland, CBRE

      Sean has over 13 years of Capital Markets experience having previously worked in San Francisco for a Developer and in London and Warsaw for Cushman & Wakefield. He is currently the Head of the Polish Capital Markets team at CBRE having worked in the CEE market for over 10 years moving to CBRE’s Warsaw office in 2010 and has led some of the major transactions in the entire region which resulted in CBRE being awarded CEEQA Investment Agency team of the year last year as well as numerous other awards.

    • Tomasz Trzoslo, Managing Director & Head of Capital Markets Poland, JLL

      Tomasz is the Managing Director of JLL in Poland since March 2013. He also continues in his role as the head of Polish capital markets team at JLL and the member of JLL’s EMEA Capital Markets Strategy Board.

      Tomasz has over 18 years’ experience in the Central European real estate markets. He has participated in numerous transactions across the CEE, including investment deals (sales, acquisitions, sale and leaseback transactions) and corporate finance transactions (development debt, investment debt and equity raising and structuring projects).


The event is free access to Mipim registered delegates. The location of the event is in front of the main foyer of the Grand Auditorium on the second floor of the Palais des Festivals in Cannes.

For information about this year’s CEEQA@Mipim visit our 2016 CEEQA@Mipim page.
For information about this year’s awards visit our 2016 Awards page.
For information about this year’s CEEQA Gala visit our 2016 Gala page.

 
 

Cee Markets:

Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Ukraine

See Markets:

Albania, Bosnia & Hercegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Romania, Serbia, Slovenia

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