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ULI welcomes more than 700 of Europe's Real Estate Leaders to Madrid to discuss industry's future
June 19, 2023
Earlier this month the Urban Land Institute (ULI) hosted more than 700 ‘industry game changers’ within the built environment to discuss the future of the sector: challenges, opportunities and the ‘collective action urgently required.’
CEO of ULI Europe, Lisette van Doorn, opened the conference with an important announcement, launching the Transition Risk Assessment Guidelines, as part the C Change programme, helping to accelerate the decarbonisation of the built environment across Europe. These guidelines will provide a common methodology to assess and disclose transition risks as part of property valuations. She said, “These guidelines are the vital underpinning the industry needs to assess and build the business case for decarbonisation across our portfolios. This is not just about the capital expenditure but also about value preservation. We believe they will help build evidence to better understand the upside of decarbonising such as more resilient assets, lower occupational costs and new income streams.”
Lars Huber, CEO, Hines Europe and Chairman, ULI Europe, addressed the room to reinforce the theme of the morning, ‘The most impactful challenge to us is climate risk – ULI is well suited to play a major role in this. C-Change is one of the initiatives to help the industry.’ Encouraging members to get behind the ULI mission priorities, he said, “It has never been so critical.”
Session highlights include, ‘Capital Markets: new highs amid uncertain times’, with Patricia Bandeira Vieira of KKR moderating a panel consisting of Brad Hyler of Brookfield Asset Management, Annette Kröger PIMCO Prime Real Estate, Ed Siskind of Cale Street Partners LLP and Rohan Sikri of The Xander Group. The speakers discussed the unprecedented pace of change at a macro level, highlighting the difficulty for companies to manage their investments in such a challenging environment.
Cindy Andersen, Managing Director of Ingka Centres and Caroline Bos, Co-founder of UNStudio shared their unique and powerful approaches to changing the future of urban spaces and how the industry needs to move away from KPIs and KDIs to measure success and an instead focus on Key Value Indicators.
Speakers during the day also included the Mayor of Malaga, the Mayor of Oporto and the former Minister Joan Clos. The Mayor of Malaga, Francisco de la Torre Prados, highlighted the Andalusian city’s ambitious growth strategy, based on the development of its cultural infrastructures, as well as its capabilities around the technology and communications sectors. Francisco de la Torre took advantage of the presence of the leaders of the real estate sector to invite them to invest in his city, “We need more houses, more offices and more education centres.” He also pointed out as one of his objectives to simplify the bureaucratic processes, “because people need more houses and they need them as soon as possible”. The mayor of Porto, Rui Moreira, and the former mayor of Barcelona, Joan Clos, took part in the round table discussion on the role of southern European cities.
The conference also invited delegates onto site tours of some of Europe’s most significant urban developments, namely: Nuevo Norte, Renaza and Madnum.
ULI’s next conference will take on 10-13 June 2024 in Milan, Italy.
The ULI Europe conference was sponsored by Hines, CBRE, Deloitte, GreenbergTraurig, Immobel LaSalle, Longevity Partners, PIMCO, CREA Madrid Nuevo Norte, Pbb, ECE, Mutua Madrileña, Primonial Reim, Revive, Aedas Homes, AG Real Estate, Anticipa Aliseda, Altum Advisors, Azora, Edge, Green Generation, Kennedy Wilson, Merlin Properties, Metrovacesa, Neinor Homes and STAM Europe.
Ends
Notes to Editors
For further information please contact: Gemma Haimes, Marketing & Communications, ULI Europe, [email protected]
About the Urban Land Institute
- The Urban Land Institute is a non-profit education and research institute supported by its members. Its mission is to shape the future of the built environment for transformative impact in communities worldwide. Established in 1936, the institute has over 48,000 members worldwide representing all aspects of land use and development disciplines.
- ULI’s mission priorities that the organisation will be focusing on over the next three years include:
- decarbonising the real estate sector and targeting net zero;
- educating the next generation of diverse real estate leaders; and,
- increasing housing attainability in communities around the world.
- ULI has almost 5,000 members in Europe across 15 National Council country networks. For more information, please visit uli.org, or follow us on Twitter, LinkedIn or Instagram.
About C Change
C Change is a ULI-led programme to mobilise the European real estate industry to decarbonise. We’re a movement empowering everyone to work together for a sustainable future. We connect the brightest minds from across the value chain. We challenge barriers, share expertise, and champion innovation to move swiftly to accelerate solutions that will transform our industry and protect our planet. C Change means real change.
C Change was formed in late 2021 by a group of leading real estate players that was united in its aim to focus on collaboration to ensure companies large and small have access to practical solutions and education on decarbonisation.