Global commercial property - New change and building momentum - embarking on the new era of commercial real estate - RICS
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Global commercial property New change and building momentum - embarking on the new era of commercial real estate
For the fourth successive quarter, a general “One of the best conferences I have ever attended. The speakers were all really engaging, optimism across the global commercial property insightful and to the point, I have learnt so much sector continues to grow. A gradual recovery in and I’m really excited about the future”. global occupier and investor sentiment continues 2019 attendee, RICS Commercial Property to improve and now stands at its best level since Conference Q4 2019, according to the latest RICS Q2 (2021) Global Commercial Property Monitor. Europe, Americas, Middle East & Africa With global GDP growth forecast at 5% in 2022 6th & 7th December (CBRE, 2021), the time is now for the sector to connect and analyse new impactful trends, the Asia Pacific city centre return, asset class performance and devising new commercial real estate strategies 7th & 8th December for 2022 and beyond. With 15 live sessions analysing regional and global markets covering investment risks and new opportunities, sustainable valuation essentials, high performing buildings, net zero missions, shifting occupier demands, the future VIDEO CONFERENCE of retail and repurposing space, the upcoming RICS Global Commercial Property Conference welcomes international speakers to voice their expert insights and discuss how the sector can Book your continue to adapt to change and rebound. place today Join the RICS’ leading commercial property conference and network with our high-level global community of commercial real estate #RICScommercial professionals, from investors to developers, agents to occupiers, surveyors to valuers as we prepare for a wave of new momentum.
Europe, Americas, Middle East & Africa Programme Europe, Middle East and Africa: 6th & 7th September Monday 6th December Day 1 Americas: Asia Pacific: Time zone(s): 7th & 8th September EST – Eastern Standard Time 8th & 9th September GMT – Greenwich Mean Time GST – Gulf Standard Time Time zone(s): EST GMT GST 08:30 12:30 16:30 Registration and virtual networking LIVE 09:00 13:00 17:00 Welcome remarks from Conference Chair [GLOBAL SESSION 1 - LIVE] Economic and market radar: Global commercial real estate The size of the Global Commercial Real Estate sector has grown annually from 2016 and 2021, but which markets are rebounding, and which asset classes are struggling? Is 2022 the year for recovery to pre-pandemic levels? This session, delivered by RICS’ Chief Economist, 09:10 13:10 17:10 analyses sentiment shifts, changing occupier trends, investment flow forecasts and brings you a detailed global market overview in minutes. Simon Rubinsohn, Chief Economist, RICS 09:50 13:50 17:50 Virtual networking and exhibition break [GLOBAL SESSION 2 - LIVE] Office downturn or return? The future of real estate’s largest market Despite being the largest global real estate market, offices were one of the hardest hit asset 10:00 14:00 18:00 classes from the pandemic. With pent-up demand and expected rises in employment growth, the pre-covid demand is forecast to return by late 2022. But should the office return? With new hybrid working models and full capacity returns still in discussion, how does the office reshape and reconsider to offer a safe and engaging return for so many? 10:40 14:40 18:40 Virtual networking and exhibition break [REGIONAL SESSION 1 – LIVE] Spotlight session: Delivering experience - 8 Bishopsgate, London UK A unique insight into 8 Bishopsgate which is a 50-storey tower under construction in the 10:50 14:50 18:50 centre of the City of London. It will be an office-led, mixed-use building, with retail space and a public viewing gallery. This session explores how the proposed building will include high sustainability and low energy initiatives, designed to achieve a BREEAM Outstanding rating. 11:30 15:30 19:30 Virtual networking and exhibition break [GLOBAL SESSION 3 - LIVE] New green values: Sustainability and ESG influences on commercial property valuation As commercial markets become more sensitised to sustainability matters, traditional decision making and value drivers are becoming increasingly influenced by new green interests. From the physical characteristics of buildings, impact of climate change on 11:40 15:40 19:40 location, legislation, public policies, fiscal measures, investor and occupier interests, there are now many sustainability-related factors have direct impacts on market and investment values. This session delivers leading insight into the upcoming related RICS Global Guidance Note and covers key everyday considerations for commercial valuation practice in relation to the wider ESG and sustainability landscape.
12:20 16:20 20:20 Virtual networking and exhibition break [REGIONAL SESSION 2 – LIVE] The new look city centre: to redevelop or to repurpose existing commercial real estate? Following the pandemic, some of the ways in which we have been operating are changed forever and we are re-assessing the qualitative aspects of our surroundings. With city 12:40 16:40 20:40 centres around the world changing their functionality and purposes, the question remains on whether converting empty retail space to residential is fit for human habitation. This session will explore repurposing real estate case studies and our panellists will debate the ultimate planning enigma. LIVE 13:20 17:20 21:20 Closing remarks and end of conference Day 1 AEMEA
Europe, Americas, Middle East & Programme Africa Tuesday 7th December Day 2 Time zone(s): EST – Eastern Standard Time GMT – Greenwich Mean Time GST – Gulf Standard Time Time zone(s): EST GMT GST 08:30 12:30 16:30 Registration and virtual networking LIVE 09:00 13:00 17:00 Welcome remarks from Conference Chair [GLOBAL SESSION 4 - LIVE] Net zero carbon targets in commercial real estate – what’s informing the agenda, how is real estate meeting those challenges and who will pay for it? Of the world’s 2,000 largest public companies, at least one-fifth (21%) now have net zero 09:10 13:10 17:10 commitments (ECIU, 2021), but how should real estate organisations change traditional operations, offset efficiently, and finance the pathway to net zero? This session explores what sustainable real estate can contribute to a greener future, discusses stakeholder incentives and how a collective footprint can bring new opportunities into the sector. 09:50 13:50 17:50 Virtual networking and exhibition break [REGIONAL SESSION 3 – LIVE] The golden market - will the industrial and logistics market continue to boom? Rising investment, demand superseding supply and the ecommerce boom all played into the 10:00 14:00 18:00 hands of the industrial and logistics market. But will it continue to benefit from long-term or indefinite change within the commercial real estate sector? Real estate forecasters RealFor predict a 13.5% rental growth by 2025 but with local market conditions changing, is the boom over for the industrial and logistics market? 10:40 14:40 18:40 Virtual networking and exhibition break [GLOBAL SESSION 5 - LIVE] Online or offline? Re-imagining retail real estate – can physical stores evolve, survive and thrive? With global crowd density precautions striking our high streets, have retail stores been too 10:50 14:50 18:50 badly hit to rebound? The polarised change in shopping behaviour saw online sales go from 13.6% (of all retail sales in 2019) to an expected 19.5% in 2021. What does the challenge mean for retail real estate and how exactly does the sector attract a return to bag-in-hand shopping? What do impacts like rising vacancy rates and retail rents really show us and what’s to come for the sector in 2022 and beyond? 11:30 15:30 19:30 Virtual networking and exhibition break [REGIONAL SESSION 4 - LIVE] Investor’s insight - is it time to leverage change and reshape real estate strategies? 11:40 15:40 19:40 Global assets classes were shaken amidst the pandemic, but with a global economic rebound in sight, where will investor attention be throughout 2022? Whilst the Americas are set for peak GDP growth in 2021 and Europe and Middle East & Africa in 2022, is the attraction of higher
returns tempting investment back to the hardest hit asset classes, like hotels, or is the growth of industrial and logistics, multifamily and data centres too significant to ignore? This session hosts a panel of international investment professionals and delivers their take on improving strategies and value in a changing sector. 12:20 16:20 20:20 Virtual networking and exhibition break [REGIONAL SESSION 5 - LIVE] Improving performance - introducing the new RICS International Building Operations Standard BuildingMinds, Microsoft and RICS have joined forces to introduce an “International Building Performance & Data Standard”, consisting of the “International Building Operations Standard” (IBOS). The new global standard will support organisations wishing to measure operational 12:30 16:30 20:30 performance of their property assets in a consistent manner – irrespective of the type of property or its location. IBOS not only covers the key pillars of asset performance but also addresses the significance of user experience - and in doing so reaches beyond the more traditional technical aspects of operational performance that have become tried and tested over many decades. Join us for first insight into how the new RICS global standard will support; consistency, benchmarking and quality in the commercial real estate sector. LIVE 13:10 17:10 21:10 Closing remarks and end of conference Day 2 for AEMEA
Programme Asia Pacific Tuesday 7th December Day 2 Time zone(s): IST – India Standard Time CST – China Standard Time AEST – Australian Eastern Standard Time Time zone(s): IST CST AEST 08:30 11:00 13:00 Registration and virtual networking LIVE 09:00 11:30 13:30 Welcome remarks from APAC Conference Chair 09:10 11:40 13:40 Virtual networking and exhibition break [GLOBAL SESSION 1 – PRE-RECORDED] Economic and market radar: Global commercial real estate The size of the Global Commercial Real Estate sector has grown annually from 2016 and 2021, but which markets are rebounding, and which asset classes are struggling? Is 2022 the year for recovery to pre-pandemic levels? This session, delivered by RICS’ Chief 09:20 11:50 13:50 Economist, analyses sentiment shifts, changing occupier trends, investment flow forecasts and brings you a detailed global market overview in minutes. Simon Rubinsohn, Chief Economist, RICS 10:00 12:30 14:30 Virtual networking and exhibition break [GLOBAL SESSION 2 – PRE-RECORDED] Office downturn or return? The future of real estate’s largest market Despite being the largest global real estate market, offices were one of the hardest hit asset classes from the pandemic. With pent-up demand and expected rises in 10:10 12:40 14:40 employment growth, the pre-covid demand is forecast to return by late 2022. But should the office return? With new hybrid working models and full capacity returns still in discussion, how does the office reshape and reconsider to offer a safe and engaging return for so many? 10:50 13:20 15:20 Virtual networking and exhibition break [REGIONAL SESSION 1 – LIVE] Investor’s insight - is it time to leverage change and reshape real estate strategies? Global assets classes were shaken amidst the pandemic, but with a global economic rebound in sight, where will investor attention be throughout 2022? Whilst Asia Pacific 11:20 13:50 15:50 commercial property investment is said to be back at pre-pandemic volumes, is the attraction of higher returns tempting investment back to the hardest hit asset classes, like hotels, or is the growth of industrial and logistics, multifamily and data centres too significant to ignore? This session hosts a panel of international investment professionals and delivers their take on improving strategies and value in a changing sector. 12:00 14:30 16:30 Virtual networking and exhibition break
[GLOBAL SESSION 3 – PRE-RECORDED] New green values: Sustainability and ESG influences on commercial property valuation As commercial markets become more sensitised to sustainability matters, traditional decision making and value drivers are becoming increasingly influenced by new green interests. From the physical characteristics of buildings, impact of climate change on 12:10 14:40 16:40 location, legislation, public policies, fiscal measures, investor and occupier interests, there are now many sustainability-related factors have direct impacts on market and investment values. This session delivers leading insight into the upcoming related RICS Global Guidance Note and covers key everyday considerations for commercial valuation practice in relation to the wider ESG and sustainability landscape. 12:50 15:20 17:20 Virtual networking and exhibition break [REGIONAL SESSION 2 – LIVE] Rethinking real estate – has the pandemic brought an opportunity to bring new life to commercial spaces? Office and retail sectors still offer opportunities for investors targeting the region, but 13:00 15:30 17:30 fund managers will need to work harder to reinvent undervalued assets hit by the pandemic. This session explores how reutilizing real estate space to stay ahead of secular trends could contest occupier behavior changes and reinstate much needed value to compete for investment and attracting new tenants. LIVE 13:40 16:10 18:10 Closing Remarks & End of Conference Day 1 for APAC
Asia AsiaPacific Programme Pacific: Wednesday Wednesday8 8thDecember th December Day 3 Time zone(s): IST – India Standard Time CST – China Standard Time AEST – Australian Eastern Standard Time Time zone(s): IST CST AEST 08:30 11:00 13:00 Registration and virtual networking LIVE 09:00 11:30 13:30 Welcome remarks from APAC Conference Chair 09:10 11:40 13:40 Virtual networking and exhibition break [GLOBAL SESSION 4 – PRE-RECORDED] Net zero carbon targets in commercial real estate – what’s informing the agenda, how is real estate meeting those challenges and who will pay for it? Of the world’s 2,000 largest public companies, at least one-fifth (21%) now have net zero 09:20 11:50 13:50 commitments (ECIU, 2021), but how should real estate organisations change traditional operations, offset efficiently, and finance the pathway to net zero? This session explores what sustainable real estate can contribute to a greener future, discusses stakeholder incentives and how a collective footprint can bring new opportunities into the sector. 10:00 12:30 14:30 Virtual networking and exhibition break [REGIONAL SESSION 3 – LIVE] Spotlight session: Iconic and sustainable - Shanghai Towers, China Twisting high above Shanghai’s financial district, the Shanghai Towers were awarded the title of the most beautiful building in the world in 2015. The towers incorporate 43 green and energy-saving technologies. Whilst reducing energy consumption by 21%, it 10:10 12:40 14:40 also decreases water usage by 40%. This session showcases its intelligent infrastructure and how green buildings should focus on emitting positive impacts then emissions. Eric Fong, Managing Director – North Asia, Rider Levett Bucknall 10:50 13:20 15:20 Virtual networking and exhibition break [GLOBAL SESSION 5 – PRE-RECORDED] Online or offline? Re-imagining retail real estate – can physical stores evolve, survive and thrive? With global crowd density precautions striking our high streets, have retail stores been 11:20 13:50 15:50 too badly hit to rebound? The polarised change in shopping behaviour saw online sales go from 13.6% (of all retail sales in 2019) to an expected 19.5% in 2021. What does the challenge mean for retail real estate and how exactly does the sector attract a return to bag-in-hand shopping? What do impacts like rising vacancy rates and retail rents really show us and what’s to come for the sector in 2022 and beyond? 12:00 14:30 16:30 Virtual networking and exhibition break [REGIONAL SESSION 4 – LIVE] CRE tech – why the future is bright for digital ecosystems in commercial real estate Real estate is one of the oldest and most established asset classes, however even the 12:10 14:40 16:40 most stable assets need to innovate rather than simply rely on what has worked in the past. The sector has been previously been criticised for being slow to adopt digital solutions, but can new CRE technologies improve property management, building
performance and offer a safe and engaging return? This session brings tech to the table and reviews how exactly it can deliver sustainability improvements, simply property management and future-proof real estate assets. 12:50 15:20 17:20 Virtual networking and exhibition break [REGIONAL SESSION 5 – LIVE] Green financing and green taxonomies – can sustainable financing accelerate a new era of real estate developments? With global and regional economies gearing up for a low carbon future, sustainable finance bonds in Asia hit an all-time high of $544.3 billion in 2020 (The Asset, 2021), 13:00 15:30 17:30 more than doubling that of 2019. As the green influence continues to grow, landlords and developers are now increasingly able to access green financing schemes, offering benefits such as lower long-term borrowing costs. This session delivers expert insight into the new wave of green investment, it’s viability and position within the future of real estate investment and developments. LIVE 13:40 16:10 18:10 Closing remarks and end of Conference for APAC
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