Are Brown Discounts a Greater Obstacle than Green Premia are an Incentive?
| Date & Time: | May 17, 2024 8:30 am | Add to Calendar (.ics) |
| Venue: | Virtual Event |
Are brown discounts a greater obstacle than green premia are an incentive?
Current market conditions have led to a sharper focus on how we determine underlying asset quality. Speakers will share their views and evidence to discuss the potential impact of green premia and brown discounts on asset valuations and on investment performance in the commercial and residential sectors.
Panellists include:
Dr Lucy Greenwood – Director within the Residential Research and Consultancy team at Savills.
Dr Lucy Greenwood is a Director within the Residential Research and Consultancy team at Savills. She joined Savills in 2013 and specialises in UK wide development research.
Lucy spends much of her time focussing on bespoke strategic, development and investment reports for a wide range of clients including landowners, developers, housing associations, investors and the public sector covering a range of markets across the UK. Her research involves supporting companies with their development strategies, due diligence work for housebuilder M&A’s, profiling who will move to the new homes on a site, assessing the suitable housing mix and potential delivery rates for sites as well as the impact of placemaking on values and sales rates. She also regularly presents at industry events and to the boards of PLC housebuilders as well as writing thought-leadership publications on the development industry.
Before joining Savills, Lucy completed a PhD in Geology at the Open University after studying Natural Sciences at the University of Cambridge.
Professor Franz Fuerst, Professor of Real Estate and Urban Economics, Department of Land Economy
Franz is Director of the Graduate Programme at the Department of Land Economy, Fellow Commoner at Trinity Hall and the current CULS Fellow. He is also a visiting fellow at the University of Melbourne, Australia and the Institut Louis Bachelier, Paris. Professor Fuerst serves as Co-Editor and Editorial Board member for several academic journals, for example Empirical Economics and Spatial Economic Analysis and regularly advises science foundations and research consortia. He is also Principal Investigator in a number of research projects, for example in the EU Horizon 2020 programme. His expertise and research interests are in the areas of financial and economic analysis of sustainable real estate investments, health and well-being in the built environment as well as real estate market forecasting and spatial economics.
Will Robson – Executive Director and Global Head of Real Estate Solutions Research, MSCI
Will Robson is Executive Director and Global Head of Real Estate Solutions Research at MSCI. He is responsible for the direction and delivery of MSCI’s applied real estate research agenda which seeks to help clients understand their real estate portfolios and the markets in which they compete. The research leverages the unparalleled breadth and depth of MSCI’s private real estate data by combining it with the firm’s powerful analytical tools helping clients tackle their everyday investment problems.
Prior to MSCI, Will spent close to five years at Abu Dhabi Investment Authority as a senior, founding member of the real estate research team, helping to build that function by building tools and analytical frameworks to aid and enhance the real estate investment process. Will also worked as a research analyst at M&G Real Estate during which time he became responsible for the firm’s property derivatives activities and also become heavily involved in developing an approach to cash flow simulation risk modelling.
Will began his career as an Economist with the Royal Mail and holds both an MSc and BA in Economics from the University of York and University of Newcastle upon Tyne respectively.
David Stevens – Head of Real Estate Finance HSBC
David was appointed as Head of Real Estate Finance – London in August 2018 having previously been Head of the Hotels team. Prior to this David was in HSBC’s Corporate Capital Origination team for eight years where he worked across both the CRE and Large Corporate client base. Most latterly he was Head of Markets Origination – Real Estate where he led a team focused on club and syndicated debt finance and originating capital markets transaction for Corporate Real Estate clients. David has worked for the HSBC Group for 36 years across a wide variety of roles in Commercial Banking and Global Banking sector teams.
Jay Drexler – VP Office, Retail & Lifescience, Europe, Oxford Properties
Mr. Drexler has responsibility for leading Oxford’s European Office and Retail Asset Management, including the German business and oversight for the redevelopment of the Das Center in Berlin.
Prior to this role, Jay led Oxford’s Retail business in North America, with a particular focus on super-regional Shopping Centers and luxury retail, a 13M SF portfolio valued at ~$6 billion CAD.
Mr. Drexler has over 15 years’ experience in real estate management, development, and investment, including 4 years in the European market. He has worked on over $10 billion EUR of real estate development, leasing, investment and finance transactions across Vancouver, Toronto, Montreal, New York, Boston, London, Paris and Berlin.
Jay holds an Honors BA in Urban Development from the University of Western Ontario in London, Canda.
Booking is via this link to the Savills portal:https://savills.zoom.us/webinar/register/WN_CF_yMhFiTiWBOhiI_1gHtA
