Wednesday, 25 March 2015, 8.00 am - 10.30 am
Location: The Athenaeum, 116 Piccadilly, Mayfair, London W1J 7BJ, UK
LOGISTICS PROPERTY BREAKFAST
Logistics real estate has now become mainstream. After the goldrush, where is the value in Europe now?
Logistics, warehouse, industrial property - however you define it - has become the third major real estate asset class in Europe after office and retail property, with a large number of Big Name institutions snapping up assets as fast as possible across the continent.
It's only been the last 24 months that names such as AEW Europe, Blackstone, Brookfield, Canada Public Sector Pension Investment Board, Colony Capital, HOOPP, Ivanhoé Cambridge, TPG and others have identified this as a high potential sector, offering yields as high as 9% in eastern Europe and 6% in the West - even while fixed income returns dwindle to nothing.
Adding to the yield attraction of logistics property is a retail sector moving online at lightning speed and requiring delivery warehouses at least as much as shopping floors, and a very rapidly-growing - widening and deepening - eastern Europe consumer appetite for goods of all kinds that need to be shipped, stored - and delivered on time.
In this concrete gold rush, prices for logistics assets and portfolios are soaring, and yields are sliding. Where, then, is the value now? How can investors participate in this highly exciting asset class? To find out, join the experts at this PIE Breakfast - alongside about 100 of your peers.
Managing Partner Europe
Panattoni Europe, Warsaw
Panattoni Europe develops industrial, warehouse and office space, with a focus on build-to-suit facilities, and acts as consultant in all stages of the investment process. It has developed over 1.8m sq.m. in Poland and the Czech Republic since its inception in 2005. Mr. Dobrzycki leads the firm’s activities across Europe and has been responsible for operations in Poland, Czech Republic and Slovakia since the firm’s beginnings. He has helped to position the company as the market leader in Poland.
Chief Executive Officer
Garbe Logistic, Hamburg
Garbe Logistic, a family-owned company, develops, manages and invests in logistics property, primarily for institutional clients, and has ¤1bn AUM. Hr. Garbe was appointed CEO and co-MD of the holding company in 2010. He had joined the firm in 2006 as a director of the London business and was named MD in 2007. Prior to that, he worked for Australian mall manager & developer Westfield. He holds a BA in Economics and Business Administration from the University of Hamburg and an MBA from the University of Technology Sydney.
Head of Capital Deployment - Europe
With $45bn AUM, Prologis is the largest owner, operator and developer of industrial logistics real estate across the Americas, Europe and Asia. Mr. Ghazal has overall responsibility for all capital deployment spanning land, development, acquisitions, dispositions and fund contributions. He has more than 10 years’ experience in logistics development with the company. Prior to his current position, he was regional head of northern Europe and also served as senior VP Benelux and of the Middle East.
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