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Central and Eastern Europe Turkey Russia by variablepitch341

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									Istanbul 26-27 November

Real Estate Investment and Development in

Central and Eastern Europe | Turkey | Russia

CORPORATE PARTNER

SENIOR PARTNER

Hypo Real Estate Group is a leading global lender in commercial real estate finance with a network presence in Europe, US and Asia. We provide debt financing solutions ranging from senior investment and development loans to structured finance, mezzanine and bridge loans. Our capabilities cover syndication, securitisation and dedicated real estate investment banking expertise. We support our customers through the arrangement, origination and provision of debt finance for property, portfolio or corporate acquisitions of companies rich in property assets, including public-to-private takeovers, sale and leaseback arrangements and Propco/Opco structures. Additionally, we offer expertise in Public Finance and Capital Markets products.
Frank Lamby Harin Thaker Walter Hampel

The competence of Hypo Real Estate Group in handling large-volume transactions is based on the Group’s extensive real estate know-how which has been tested over many years, and also on its innovative ability. The Group takes on risks and manages them in a highly professional way.

COMMERCIAL REAL ESTATE CEE & Russia China France & Benelux Germany India Italy Japan Netherlands Portugal Scandinavia Singapore Spain Switzerland UK USA Tel +49 (0) 89 25 55 20 0 Tel +852 3413 8300 Tel +33 1 53 05 74 00 Tel +49 (0) 89 28 80-0 Tel +91 22 2499 9900 Tel +39 02 36 57 68 00 Tel +81 3 5288 5860 Tel +31 20 46 27 800 Tel +351 21 340 4665 Tel +46 8 53 48 00 70 Tel +65 6372 6812 Tel +34 91 349 3200 Tel +49 (0) 89 25 55 20 0 Tel +44 20 77 43 77 43 Tel +1 212 671 6300 munich@hypointernational.com hongkong@hypointernational.com paris@hypointernational.com info@hyporealestate.de mumbai@hypointernational.com milan@hypointernational.com tokyo@hypointernational.com amsterdam@hypointernational.com lisbon@hypointernational.com stockholm@hypointernational.com singapore@hypointernational.com madrid@hypointernational.com munich@hypointernational.com london@hypointernational.com newyork@hypointernational.com

Dieter Knittel

Andreas Roth

Frank Lamby CEO Hypo Real Estate Bank International Tel: +49 89 20 30 07 715 frank.lamby@hypointernational.com Harin Thaker CEO Europe, Middle East & India Hypo Real Estate Bank International Tel: +44 20 7743 7600 harin.thaker@hypointernational.com Walter Hampel Senior Director Europe: CEE, Italy & Turkey Hypo Real Estate Bank International Tel: +44 20 7743 7727 walter.hampel@hypointernational.com Dieter Knittel Director Europe Hypo Real Estate Bank International Tel: +49 89 255520 270 dieter.knittel@hypointernational.com Andreas Roth Associate Director Europe Hypo Real Estate Bank International Tel: +49 89 255520 224 andreas.roth@hypointernational.com

PUBLIC FINANCE & CAPITAL MARKETS Dublin London New York Tel +353 1 611 6000 Tel +44 20 7743 7712 Tel +1 212 905 4600 info@hpfb.com info@hpfb.com info@hpfb.com

WELCOME

No speeches. No panels. Just discussions. At the New Europe GRI everyone is a speaker. You. Everybody.

|

2007 MEETING PLACES

... For those who think the opportunity to schedule personal meetings with so many of the industry’s best and brightest is too good to pass up...

2007 TIMETABLE

Floorplan

MONDAY 26 NOVEMBER
12h00 Check-in 14h00 - 18h45 Group Discussions 18h45 - 19h45 Cocktail Reception

19h45 - 22h00 GRI Board Dinner
(Reserved for GRI Board, New Europe GRI Partners & Discussion Chairs only)

TUESDAY 27 NOVEMBER
08h00 Check in 09h00 - 16h00 Keynote & Group Discussions 13h15 - 14h45 The Pramerica Lunch
hosted by

16h00 - 17h00 Farewell Drinks
Dress code: Business Casual, no tie required.

2007 SCHEDULE

Monday 26
Floorplan

(GRI Board, Summit Partners, Discussion Chairs & Speakers only)

14h00 - 15h15

15h45 - 17h00
MOVING EAST
WILL THERE BE A BOUNDARY FOR INVESTORS?

17h30 - 18h45
CEE INVESTORS
IS RUSSIA THE NEW HYPE?

PROPERTY IN TURKEY
IS IT REALLY DIFFERENT TO MANAGE?

SALON I

SENAY AZAK-MATT BARLAS BALCIOGLU ÖZGÜR BEKIROGLU LEVENT EYUBOGLU MAXENCE LIAGRE

YANNIS DELIKANAKIS AVI BEN-SIRA ALEJANDRO GALLEGO FRANCISC PELI TONY VASISHTA

KARL WILSON SIMON BAYLEY ALEXEY BLANIN ERKAN ERKEK CHRISTOPHER ZEUNER

ROMANIAN REAL ESTATE
MOVING TOO FAST?

REAL ESTATE FINANCING IN SEE
ARE RISKS PROPERLY PRICED?

PRICE BUBBLE IN TURKEY
STILL WORTH IT?

SALON III

MIRCEA CLECIU CYRIL AULAGNON FATIH BORA ASTERIOS ECONOMIDES NICHOLAS LAAG CHRISTIAN PARVAN HALUK SUR GEORGE TOLIS MANAGING RISKS IN REAL ESTATE
MYTHS AND REALITY IN CEE

SIMON DAYES COSMIN CALIN KONSTADINOS GEORGIAKOS LEOPOLD REYMAIER CSABA SITERY

DR ARNE BONGENAAR DR WALTER HAMPEL MAARTEN HULSHOFF WOLFGANG LUNARDON ERK OZBELGE

COCKTAIL RECEPTION 18h45-19h45

HOUSING FUTURES
NEW COMMUNITIES FOR NEW RUSSIA?

RISING INTEREST RATES
IS DEBT FINANCING THE BEST OPTION?

BÜYÜKADA

JEAN-BERNARD WURM HARRY IKONOMOPOULOS SKIP SCHWARTZ LEE TIMMINS

THEODORE LIEBMAN TIMOTHY FENWICK DAVID O’HARA

FERNANDO SALAZAR LUCA CASTELLI JAVIER CATENA LUURT VAN DER PLOEG

CEE INVESTMENT OUTLOOK
YIELDS OR STRATEGIC OPPORTUNITY?

REAL ESTATE IN TURKEY
ON ITS WAY TO MATURITY?

LOGISTICS IN TURKEY, RUSSIA AND CEE
WHAT’S AHEAD?

HEYBELI

ALVYDAS ZABOLIS KHALID BOUZERDA PETRI KARJALAINEN MICHAEL KRÖGER

TAVIT KÖLETAVITOGLU OKAN ALTUG ÖMER BAYATLI DR CHRISTINA WEISS ERTUG YASAR MUSA YETIM NEW EUROPE
CHALLENGES AND OPPORTUNITIES IN TAX PLANNING

CHRISTIAN NICKELS-TESKE

FROM THE BAZAAR TO KANYON
WHAT HAVE WE LEARNT?

DEVELOPMENT IN CEE/SEE
WHAT DEALS COME NEXT?

BURGAZ

STEPHEN PRAGNELL AVI ALKAS JÖRG BANZHAF DEREK BARKER ALEXEI CHERNYSHOV MARKUS LEHTO THOMAS LÖFFLER ANTOINE MOCACHEN REMCO VAN DER KROFT REGENERATING CITIES IN CEE
PITFALLS OR OPPORTUNITIES?

ORSOLYA BARDOSI RODNEY PEREIRA BARTJAN ZOETMULDER

GEORGE MANTZAVINATOS ZISIMOS DANILATOS YANNIS DELIKANAKIS ASTERIOS ECONOMIDES KONSTADINOS GEORGIAKOS ROSEN PLEVNELIEV

FROM WEST TO EAST
WHAT ARE THE NEW COMMERCIAL FORMATS?

EXECUTIVE LIVING IN ISTANBUL
LEADING THE WAY?

KINALI

ANDREW JACKSON ALEKSANDER HETKO DOUGLAS NOBLE AMANDA SPRING

LEO CIVELLI GUIDO AUDAGNA DAVID GIRAUD DR LUDEK SEKYRA

EKATERINA GEORGE HALUK MAGA DOGAN OKSUM

2007 SCHEDULE

Tuesday 27
09h00 - 10h00

KEYNOTE

BALLROOM SALON II

THE FUTURE OF EUROPE IS THE BEST STILL TO COME?
DR HOLGER SCHMIEDING chief european economist
BANK OF AMERICA

10h15 - 11h30
SHOPPING CENTERS IN CEE
WHERE NEXT?

12h00 - 13h15
GOING EAST
WHERE ARE TOMORROW’S OPPORTUNITIES?

14h45 - 16h00
PROPERTY IN BELGRADE
OVERLOOKED OR LITTLE TO SEE?

SALON I

JÉRÔME PEYRARD JÖRG BITZER IBRAHIM PAKSOY RICHARD WEBERBERGER

CHARLES CRUDEN LIONEL BOTBOL AREF LAHHAM MARTIN SABELKO CSABA SPOTTLE RICHARD VAN OVOST LOGISTICS IN ROMANIA
BY LAND OR BY SEA?

DIMITRI KYRTSIS ALISON ANDREWS MANOLIS KTISTAKIS DEJAN RACIC GVAPO TRIPINOVIC

FOREIGNERS IN TURKEY
DEVELOPING, INVESTING OR ... JUST WATCHING?

HOLIDAY HOMES IN TURKEY
NEXT ELDORADO FOR DEVELOPERS?

SALON III

HAKAN KODAL CENK ARSON ILARIA BENUCCI CARLA GIANNINI FRANZ LUCIEN MÖRSDORF ALI OTMAR INVESTING IN ROMANIA
TODAY OR TOMORROW?

OBIE MOORE BRIAN DELGADO CLAUDIUS FERENTZ

ORHUN KARTAL MURAT AFSAR RAMADAN KUMOVA

FAREWELL DRINKS 16h00-17h00

LOCAL PARTNERS OR DIY
HOW TO INVEST IN TURKEY?

CEE/SEE
WHERE HAVE ALL THE YIELDS GONE?

LUNCH 13h15-14h45

BÜYÜKADA

MONA MUSAT VLAD BUSILA JORGE PEREZ DE LEZA CHRISTOPHER SHONN TIM WILKINSON

HAKAN EREN CEVDET CANER MURAT ERGIN ZAFER ERGÜVEN DR FRITHJOF FUCHS THOMAS HOELLER CANSEL TURGUT YAZICI IBRAHIM ÖZTOP ÖZGE ÜLKÜ INVESTING IN CEE
DOES VALUE COME FROM DEAL SOURCING OR EXECUTION?

GUNIZ CELEN ILHAMI AKKUM BADEGUL ALBAYRAKTAR CEM ALFAR SEFIK BIRKIYE METIN GÜVENER POLAND
WHAT STRATEGY IN A MATURING MARKET?

DOING BUSINESS IN RUSSIA
WHO HELPS TO SOLVE THE PUZZLE?

HEYBELI

GERALD GAIGE DAVID EYER MARKUS LEININGER SERGEY SAVENKOV GABOR SOMOGYI STEVEN WAYNE CEE
IS THE NEW FRONTIER FURTHER EAST?

ALEXANDER PAPAGEORGIOU LAMBROS ANAGNOSTOPOULOS EMMANUEL BLOUIN VAN STULTS GREG TOBIAS

ANNA LENGIEWICZ CARLOS DE LEÓN DOROTA KOBYLECKA SANTIAGO MAS MARINEZ

REAL ESTATE IN THE BALTICS
SEARCHING FOR A HIDDEN GEM?

MIXED USE IN TURKEY
SHORT BOOM OR LONG-TERM SOLUTION?

BURGAZ

NICHOLAS SPIRO DR THOMAS BEYERLE DANIEL HARRIS DIETER KNITTEL DAVID SKINNER

GUNDARS BOJARS TOMAS BUCAS ARDI ROOSIMAA

ELIF EGELI-NISANCI ERTAN DAL RICHARD DAVIES ARKAR LATT OYA NARIN

CHANGING OCCUPIERS DEMAND
WHAT SECTORS FACE GROWTH LIMITS?

GOOD ASSET MANAGEMENT
HOW MUCH CAN IT BOOST RETURNS?

FINANCING IN EASTERN EUROPE
HOW MUCH IS THE PREMIUM?

KINALI

PETER KOCSIS MARIA TERESA DREO LASZLO TAPODI MACIEJ TUSZYNSKI ALAN VINCENT

EVA DOYLE TATIANA COHEN SABINE HEISS LEO MOROZOV

FULVIO ORLANDO MARTIN ERBE KAMIL KOSMAN SURINDER SETH

2007 DISCUSSIONS

14h00-15h15
All material throughout this program is subject to change without notice.

PROPERTY IN TURKEY is it really different to manage?
SALON I

SENAY AZAK-MATT general manager turkey AAREAL BANK BARLAS BALCIOGLU partner BALCIOGLU & SELÇUK ÖZGÜR BEKIROGLU head of center management ECE TURKEY
Senay Azak-Matt Barlas Balcioglu Özgür Bekiroglu

LEVENT EYUBOGLU managing director MULTI TURKMALL MAXENCE LIAGRE evp, commercial projects KREA REAL ESTATE

Levent Eyuboglu

Maxence Liagre

ROMANIAN REAL ESTATE moving too fast?
SALON III

MIRCEA CLECIU general manager NEOCASA REAL ESTATE CYRIL AULAGNON region manager cee CONCERTO DEVELOPPEMENT FATIH BORA president BROOKLYN INVESTMENT ROMANIA ASTERIOS ECONOMIDES managing director ARCON CONSTRUCTIONS NICHOLAS LAAG director FORUM PARTNERS CHRISTIAN PARVAN director WESTDEUTSCHE IMMOBILIENBANK HALUK SUR ceo IHLAS REAL ESTATE GEORGE TOLIS director DIMAND REAL ESTATE

Mircea Cleciu

Cyril Aulagnon

Fatih Bora

Asterios Economides

Christian Parvan

Nicholas Laag

Haluk Sur

George Tolis

MANAGING RISKS IN REAL ESTATE myths and reality in cee
BÜYÜKADA

JEAN-BERNARD WURM managing director LANDAMERICA (EUROPE) HARRY IKONOMOPOULOS partner IKONOMOPOULOS SKIP SCHWARTZ svp-acquisitions HEITMAN
Jean-Bernard Wurm Harry Ikonomopoulos Skip Schwartz

LEE TIMMINS senior vice president HINES

Lee Timmins

MONDAY 26 NOVEMBER 14H00-15H15

The mission of the Discussion Chairs is to make everybody talk...

CEE INVESTMENT OUTLOOK yields or strategic opportunity?
HEYBELI

ALVYDAS ZABOLIS managing partner ZABOLIS IR PARTNERIAI KHALID BOUZERDA general manager BABCOCK & BROWN PETRI KARJALAINEN managing partner EQUEST
Alvydas Zabolis Khalid Bouzerda Michael Kröger

MICHAEL KRÖGER head intl re finance northern | central europe HELABA

FROM THE BAZAAR TO KANYON what have we learnt?
BURGAZ

STEPHEN PRAGNELL group director intl relations APSYS POLSKA AVI ALKAS ceo ALKAS CONSULTING JÖRG BANZHAF managing director ECE PROJEKTMANAGEMENT
Stephen Pragnell Avi Alkas Jörg Banzhaf

DEREK BARKER managing director HASKOLL ALEXEI CHERNYSHOV president AVEC UKRAINE MARKUS LEHTO partner URBANISTA INTERNATIONAL THOMAS LÖFFLER managing director GENI POLSKA ANTOINE MOCACHEN general director SIMON IVANHOE POLAND REMCO VAN DER KROFT Partner DOMANSKI ZAKRZEWSKI PALINKA
Derek Barker Markus Lehto Antoine Mocachen

Remco Van Der Kroft

REGENERATING CITIES IN CEE pitfalls or opportunities?
KINALI

ANDREW JACKSON managing director FIRST TITLE ALEKSANDER HETKO associate WHITE & CASE DOUGLAS NOBLE director warsaw ORCO PROPERTY GROUP
Andrew Jackson Aleksander Hetko Douglas Noble

AMANDA SPRING director central europe MARCOL

Amanda Spring

2007 DISCUSSIONS

15h45-17h00
All material throughout this program is subject to change without notice.

MOVING EAST will there be a boundary for investors?
SALON I

YANNIS DELIKANAKIS founder and partner BLUEHOUSE DEVELOPMENT AVI BEN-SIRA ceo ROSEBUD MEDICAL ALEJANDRO GALLEGO general manager HERCESA
Yannis Delikanakis Alejandro Gallego Tony Vasishta

FRANCISC PELI partner NESTOR TONY VASISHTA int. development director MCARTHURGLEN

REAL ESTATE FINANCING IN SEE are risks properly priced?
SALON III

SIMON DAYES partner CMS CAMERON MCKENNA COSMIN CALIN executive director BANCA ROMANEASCA KONSTADINOS GEORGIAKOS assistant director EFG TELESIS
Simon Dayes Konstadinos Georgiakos Leopold Reymaier

LEOPOLD REYMAIER senior vice president HSH NORDBANK CSABA SITERY head of team see EUROHYPO

Csaba Sitery

HOUSING FUTURES new communities for new russia?
BÜYÜKADA

THEODORE LIEBMAN principal PERKINS EASTMAN TIMOTHY FENWICK managing director QUANTUM POTES DAVID O’HARA general director DTZ MOSCOW
Theodore Liebman Timothy Fenwick David O’Hara

REAL ESTATE IN TURKEY on its way to maturity?
HEYBELI

TAVIT KÖLETAVITOGLU founder & president ATLAS PROJECT & LAND DEV. OKAN ALTUG managing director DARUMA CORPORATE FINANCE ÖMER BAYATLI cfo TAHINCIOGLU GROUP
Tavit Köletavitoglu Okan Altug Ömer Bayatli

DR CHRISTINA WEISS executive vice president MFI MANAGEMENT FUR IMMOBILIEN ERTUG YASAR general manager HAN YAPI PROPERTIES MUSA YETIM general manager KONUT

Dr Christina Weiss

Ertug Yasar

Musa Yetim

MONDAY 26 NOVEMBER 15H45-17H00

NEW EUROPE challenges and opportunities in tax planning
MASTERCLASS
• 20 mins Introduction • 50 mins Discussion

DR ORSOLYA BÁRDOSI senior associate GIDE LOYRETTE NOUEL RODNEY PEREIRA head of intl. acquisitions EUROPEAN INVESTORS BARTJAN ZOETMULDER partner LOYENS & LOEFF
Dr Orsolya Bárdosi Rodney Pereira Bartjan Zoetmulder

BURGAZ

FROM WEST TO EAST what are the new commercial formats?
KINALI

LEO CIVELLI ceo reag europe REAG EUROPE GUIDO AUDAGNA managing director THE CARLYLE GROUP DAVID GIRAUD executive manager INOVALIS
Leo Civelli Guido Audagna David Giraud

DR LUDEK SEKYRA chairman of the board SEKYRA GROUP

Dr Ludek Sekyra

THE GRI INVITES...
senior industry leaders that might find it useful to chair a discussion at any of it’s GRI 2008 events to contact: Ronny Gotthardt GRI Director
ronny.gotthardt@globalrealestate.org

2007 DISCUSSIONS

17h30-18h45
All material throughout this program is subject to change without notice.

CEE INVESTORS is russia the new hype?
SALON I

KARL WILSON general manager cee & russia AAREAL BANK SIMON BAYLEY chief development officer TRIGRANIT ALEXEY BLANIN managing director HORUS CAPITAL
Karl Wilson Simon Bayley Alexey Blanin

ERKAN ERKEK general director CAPITAL PARTNERS CHRISTOPHER ZEUNER director business development GE REAL ESTATE

Erkan Erkek

Christopher Zeuner

PRICE BUBBLE IN TURKEY still worth it?
SALON III

DR ARNE BONGENAAR managing director ACTEEUM GROUP DR WALTER HAMPEL senior director europe HYPO REAL ESTATE MAARTEN HULSHOFF former chairman managing board RODAMCO EUROPE WOLFGANG LUNARDON member board of directors MEINL EUROPEAN LAND ERK OZBELGE director turkey GE REAL ESTATE

Dr Arne Bongenaar

Dr Walter Hampel

Maarten Hulshoff

Erk Ozbelge

RISING INTEREST RATES is debt financing the best option?
BÜYÜKADA

FERNANDO SALAZAR head of corporate banking southern europe EUROHYPO LUCA CASTELLI ceo AEDES JAVIER CATENA general manager CHAMARTÍN INMOBILIARIA LUURT VAN DER PLOEG cfo MULTI DEVELOPMENT

Fernando Salazar

Luca Castelli

Javier Catena

Luurt Van Der Ploeg

LOGISTICS IN TURKEY, RUSSIA AND CEE what’s ahead?
HEYBELI

CHRISTIAN NICKELS-TESKE director re structured finance AAREAL BANK

Christian Nickels-Teske

MONDAY 26 NOVEMBER 17H30-18H45

DEVELOPMENT IN CEE/SEE what deals come next?
BURGAZ

GEORGE MANTZAVINATOS manager real estate division EUROBANK PROPERTY ZISIMOS DANILATOS intl development director LAMDA DEVELOPMENT YANNIS DELIKANAKIS founder and partner BLUEHOUSE DEVELOPMENT ASTERIOS ECONOMIDES managing director ARCON CONSTRUCTIONS

George Mantzavinatos

Zisimos Danilatos

Yannis Delikanakis

... getting everybody to share, connect and make friends

KONSTADINOS GEORGIAKOS assistant director EFG TELESIS ROSEN PLEVNELIEV general manager BUSINESS PARK SOFIA

Asterios Economides

Konstadinos Georgiakos

Rosen Plevneliev

EXECUTIVE LIVING IN ISTANBUL leading the way?
KINALI

EKATERINA GEORGE managing partner VEKTOR HALUK MAGA managing partner ANATOLIA INVEST DOGAN OKSUM ceo & founder GENEL YAPI AS
Ekaterina George Haluk Maga Dogan Oksum

THE GRI INVITES...
senior industry leaders that might find it useful to chair a discussion at any of it’s GRI 2008 events to contact: Ronny Gotthardt GRI Director
ronny.gotthardt@globalrealestate.org

2007 DISCUSSIONS

09h00-10h00
KEYNOTE

THE FUTURE OF EUROPE IS THE BEST STILL TO COME?

DR HOLGER SCHMIEDING chief european economist BANK OF AMERICA

Dr Holger Schmieding

SHOPPING CENTERS IN CEE where next?
SALON I

JÉRÔME PEYRARD director re & expansion CORA JÖRG BITZER managing director REDEVCO IBRAHIM PAKSOY ceo ANCHOR GROUP
Jérôme Peyrard Jörg Bitzer

10h15-11h30
All material throughout this program is subject to change without notice.

RICHARD WEBERBERGER managing director HENDERSON GLOBAL INVESTORS

Ibrahim Paksoy

Richard Weberberger

FOREIGNERS IN TURKEY developing, investing or ...just watching?
SALON III

HAKAN KODAL president & ceo KREA REAL ESTATE CENK ARSON representative for turkey EUROHYPO ILARIA BENUCCI managing director, cee AIG GLOBAL RE
Hakan Kodal Cenk Arson Ilaria Benucci

CARLA GIANNINI managing director CREDIT SUISSE FRANZ LUCIEN MÖRSDORF managing director DEKA IMMOBILIEN ALI OTMAR vice president MERRILL LYNCH
Carla Giannini Franz Lucien Mörsdorf Ali Otmar

INVESTING IN ROMANIA today or tomorrow?
BÜYÜKADA

MONA MUSAT partner MUSAT & ASSOCIATII VLAD BUSILA partner CAPITAL PARTNERS JORGE PEREZ DE LEZA managing director cee GRUPO LAR
Mona Musat Vlad Busila Jorge Perez de Leza

CHRISTOPHER SHONN managing partner NAI PROPERTY TIM WILKINSON managing director DTZ ECHINOX

Christopher Shonn

Tim Wilkinson

TUESDAY 27 NOVEMBER 10H15-11H30

DOING BUSINESS IN RUSSIA who helps to solve the puzzle?
HEYBELI

GERALD GAIGE partner ERNST & YOUNG DAVID EYER business development director PREMIER LNC MARKUS LEININGER head of corporate banking northern & cee EUROHYPO SERGEY SAVENKOV general director PALLADA-INVEST GABOR SOMOGYI head of intl re finance BANK AUSTRIA CREDITANSTALT STEVEN WAYNE ceo JENSEN GROUP

Gerald Gaige

David Eyer

Markus Leininger

Sergey Savenkov

Gabor Somogyi

Steven Wayne

CEE is the new frontier further east?
BURGAZ

NICHOLAS SPIRO cee capital markets research director DTZ POLAND DR THOMAS BEYERLE director research & strategy DEGI DANIEL HARRIS head investment cee MGPA DIETER KNITTEL director europe HYPO REAL ESTATE BANK DAVID SKINNER head of research MORLEY FUND MANAGEMENT

Nicholas Spiro

Dr Thomas Beyerle

Daniel Harris

Dieter Knittel

CHANGING OCCUPIERS DEMAND what sectors face growth limits?
KINALI

PETER KOCSIS deputy ceo WALLIS REAL ESTATE MARIA TERESA DREO head intl re finance BANK AUSTRIA CREDITANSTALT LASZLO TAPODI re finance ERSTE BANK HUNGARY
Peter Kocsis Maria Teresa Dreo

Laszlo Tapodi

MACIEJ TUSZYNSKI executive director WESTDEUTSCHE IMMOBILIENBANK ALAN VINCENT managing director CONVERGEN-CE

Maciej Tuszynski

Alan Vincent

2007 DISCUSSIONS

12h00-13h15
All material throughout this program is subject to change without notice.

GOING EAST where are tomorrow’s opportunities?
SALON I

CHARLES CRUDEN solicitor GIDE LOYRETTE NOUEL LIONEL BOTBOL managing director UBS AREF LAHHAM managing director ORION CAPITAL MANAGERS
Charles Cruden Lionel Botbol Aref Lahham

MARTIN SABELKO ceo central | eastern europe ING REIM CEE CSABA SPOTTLE cee acquisitions manager PRAMERICA RICHARD VAN OVOST director international re MN SERVICES
Martin Sabelko Csaba Spottle Richard van Ovost

LOGISTICS IN ROMANIA by land or by sea?
SALON III

OBIE MOORE managing partner SALANS BRIAN DELGADO associate director GE REAL ESTATE CLAUDIUS FERENTZ managing director INVESTKREDIT BANK ROMANIA
Obie Moore Brian Delgado Claudius Ferentz

LOCAL PARTNERS OR DIY how to invest in turkey?
BÜYÜKADA

HAKAN EREN country manager HSH REAL ESTATE CEVDET CANER founder & ceo LEVEL ONE CAPITAL MURAT ERGIN general manager KUZEYBATI
Hakan Eren Cevdet Caner Murat Ergin

ZAFER ERGÜVEN executive vice president KREA REAL ESTATE DR FRITHJOF FUCHS partner ERIA PARTNERS THOMAS HOELLER executive board member PRAMERICA CANSEL TURGUT YAZICI general manager TSKB IBRAHIM ÖZTOP ceo DEVELOPMENT CAPITAL MANAGEMENT ÖZGE ÜLKÜ director asset selection turkey RODAMCO EUROPE
Zafer Ergüven Thomas Hoeller Cansel Turgut Yazici

TUESDAY 27 NOVEMBER 12H00-13H15

INVESTING IN CEE does value come from deal sourcing or execution?

ALEXANDER PAPAGEORGIOU ceo ASSOS CAPITAL LAMBROS ANAGNOSTOPOULOS president & ceo SECURE INVESTMENTS EMMANUEL BLOUIN executive director MORGAN STANLEY VAN STULTS managing director ORION CAPITAL MANAGERS GREG TOBIAS managing partner OCEAN ATLANTIC

Alexander Papageorgiou

Lambros Anagnostopoulos

Emmanuel Blouin

... as if an after-dinner conversation in one’s own living room.

HEYBELI

Van Stults

Greg Tobias

REAL ESTATE IN THE BALTICS searching for a hidden gem?
BURGAZ

GUNDARS BOJARS chairman of the board NEW EUROPE REAL ESTATE TOMAS BUCAS director INRED ARDI ROOSIMAA md estonia COLLIERS INTERNATIONAL
Gundars Bojars Tomas Bucas Ardi Roosimaa

GOOD ASSET MANAGEMENT how much can it boost returns?
KINALI

EVA DOYLE partner KPMG CZECH REPUBLIC TATIANA COHEN director asset management GLL REAL ESTATE PARTNERS SABINE HEISS general counsel IMMOFINANZ
Eva Doyle Tatiana Cohen Sabine Heiss

LEO MOROZOV IMMOEAST

Leo Morozov

2007 DISCUSSIONS

14h45-16h00
All material throughout this program is subject to change without notice.

PROPERTY IN BELGRADE overlooked or little to see?
SALON I

DIMITRI KYRTSIS managing partner NOVATERRA PROPERTIES ALISON ANDREWS president ARROWTRACK MANOLIS KTISTAKIS partner NOVATERRA PROPERTIES
Dimitri Kyrtsis Dejan Racic

DEJAN RACIC ceo DELTA INVEST GVAPO TRIPINOVIC advisor SIEPA

HOLIDAY HOMES IN TURKEY next eldorado for developers?
SALON III

ORHUN KARTAL board member KAYI REAL ESTATE MURAT AFSAR board member KONUTVIZYON RAMADAN KUMOVA general manager EROGLU GROUP

Orhun Kartal

Murat Afsar

Ramadan Kumova

CEE/SEE where have all the yields gone?
BÜYÜKADA

GUNIZ CELEN president ÇELEN STRATEGIC INVESTMENT SOLUTIONS ILHAMI AKKUM vp real estate TAIB BANK BADEGÜL ALBAYRAKTAR business development manager EMAAR TURKEY CEM ALFAR general manager FORUMINVEST TURKEY SEFIK BIRKIYE ceo VIZZION EUROPE METIN GÜVENER chief executive FINANCIAL DIMENSIONS

Guniz Celen

Ilhami Akkum

Badegül Albayraktar

Cem Alfar

Sefik Birkiye

Metin Güvener

POLAND what strategy in a maturing market?
HEYBELI

ANNA LENGIEWICZ partner LENGIEWICZ WRONSKA BEREZOWSKA & PARTNERS CARLOS DE LEÓN member of management board ACCIONA NIERUCHOMOSCI DOROTA KOBYLECKA partner LENGIEWICZ WRONSKA BEREZOWSKA & PARTNERS SANTIAGO MAS MARTINEZ director area poland ACCIONA NIERUCHOMOSCI

Anna Lengiewicz

Carlos De Léon

Dorota Kobylecka

Santiago Mas Martinez

TUESDAY 27 NOVEMBER 14H45-16H00

MIXED USE IN TURKEY short boom or long-term solution?
BURGAZ

ELIF EGELI-NISANCI vp business dev. turkey JONES LANG LASALLE ERTAN DAL managing partner TAURUS EURASIA RICHARD DAVIES director, turkey JONES LANG LASALLE
Elif Egeli-Nisanci Ertan Dal Richard Davies

ARKAR LATT board member TURNER | PRO^GE PARTNERSHIP OYA NARIN chairman of the board MARTI GYO

FINANCING IN EASTERN EUROPE how much is the premium?
KINALI

FULVIO ORLANDO associate director ROYAL BANK OF SCOTLAND MARTIN ERBE md, head of cee WESTDEUTSCHE IMMOBILIENBANK KAMIL KOSMAN chairman group real estate ERSTE BANK GROUP SURINDER SETH head of representative office INVESTKREDIT

Fulvio Orlando

Martin Erbe

Kamil Kosman

Surinder Seth

THE GRI INVITES...
senior industry leaders that might find it useful to chair a discussion at any of it’s GRI 2008 events to contact: Ronny Gotthardt GRI Director
ronny.gotthardt@globalrealestate.org

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DLJ Real Estate Capital Partners DLJ Real Estate Capital Partners (“RECP”) is a real estate opportunity fund business sponsored by Credit Suisse. Headquartered in New York, with offices in London, Mumbai, Tokyo and Los Angeles, RECP has a dedicated team of investment professionals focused on opportunistic real estate investments throughout the world. Since its formation in 1995, RECP has invested in a wide range of property assets with a gross transaction volume of $12 billion. Investments included single assets, portfolios, development opportunities, majority and minority stakes in real estate companies and distressed debt. RECP targets high-quality properties and operating companies with strong real estate fundamentals, attractive risk/return profiles, and value creation potential. These opportunities encompass a range of transactions including asset repositionings, capital market dislocations, government and corporate divestitures, distressed debt and development opportunities. RECP has repeatedly and successfully capitalized on these types of opportunities throughout multiple market cycles and the RECP funds are highly diversified by property type, geography and investment strategy. The RECP investment portfolio currently includes offices, industrial and logistic properties, regional shopping/leisure centers, large-scale multi-family properties, development projects, luxury and limited-service hotels, as well as investments in real estate-related companies in the development, mortgage lending, warehouse, logistics and assisted-living businesses. Credit Suisse is one of the world’s leading banks with an integrated global real estate franchise encompassing real estate investment banking, structured financing, research and private equity.

Carla Giannini

Graham Langlay-Smith

Witsard Schaper

Carla Giannini Managing Director Tel: +44 20 7883 2433 carla.giannini@credit-suisse.com Graham Langlay-Smith Director Tel: +44 20 7883 2511 graham.langlay-smith@credit-suisse.com Witsard Schaper Vice President Tel: +44 20 7883 2571 witsard.schaper@credit-suisse.com

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Headquartered in Istanbul, Daruma is the leading independent Corporate Finance Firm providing debt financing advisory and equity financing / M&A advisory services to companies in Turkey, Bulgaria, Romania and India. With 38 professionals on board and liaison offices in Bucharest and Sofia, Daruma has completed more than US$ 2 Billion worth of transactions since 1998. Daruma provides medium to long term structured financing facilities from Capital Goods Finance to Asset Based Facilities, from Working Capital Loans and Commodity Finance to Senior Loans for Commercial Real Estate Financing, to Mezzanine Finance and to Receivables Financing under debt financing advisory services.
Okan Altug Maruf Dindar Tulay Kaya

Daruma also has extensive experience in equity transactions and offers a wide range of equity finance services in terms of advisory to M&A transactions, strategic partnerships and private placements. Thanks to strong track record, Daruma has vast experience and know-how in its core Turkish market and has been able to originate high quality and sustainable deal flow through its strong business development. Deal origination, financial analysis and deal structuring (financial and legal structuring unique to each client) capabilities allow Daruma to be a deal maker and help its vision to become a leading regional Corporate Finance House and a onestop-shop for its clientele. Daruma has been active in the Real Estate market since 2004 providing equity and debt financing to greenfield projects as well as existing assets. Depending on the size, type and requirements of the project, Daruma offers custom made solutions with flexible payment plans for the financing needs of its clients: - Long term senior loans for construction financing of commercial or mixed use projects - Long term senior loans for refinancing of completed and revenue generating commercial or mixed use projects. - Medium term mezzanine finance for the construction financing of commercial, residential or mixed use projects. In addition, as a result of its extensive investor and client network along with its significant experience, Daruma is proficient in: - Identifying and bringing the most fitting investor and project together - Providing creative transaction structures for the benefit of its clients for equity transactions in the real estate market.

Erdem Selim

Kerim Basar

Okan Altug Managing Partner Tel: +90 212 216 7700 okan.altug@daruma.com.tr Maruf Dindar Partner, Domestic Business Development Tel: +90 212 216 77 00 maruf.dindar@daruma.com.tr Tulay Kaya Partner, Financial Analysis & Structuring Tel: +90 212 216 7700 tulay.kaya@daruma.com.tr Erdem Selim Assistant Vice President, Financial Analysis & Structuring Tel: +90 212 216 7700 erdem.selim@daruma.com.tr Kerim Basar Assistant Vice President, Real Estate Finance Tel : +90 212 216 7700 kerim.basar@daruma.com.tr

Buyukdere Cad. No:100 Maya Akar Center Kat:27 Esentepe 34394 Istanbul – Turkey Tel: +90 212 216 77 00 Fax: +90 212 216 2111 www.daruma.com.tr

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The German based Eurohypo AG, Eschborn, is the leading specialist bank for commercial real estate and public financing. The Bank is an important member of the Commerzbank group with focused client groups and a diversified global reach. Its most important value leverage is relationship banking. Therefore Eurohypo acts worldwide as a non-opportunistic provider. With this strategy the Bank fulfils customer wishes as a “house bank” for commercial real estate finance. The conjunction of real estate financing and investment banking in the commercial real estate business as well as in public finance and a broad international network stand behind Eurohypo’s strength.
Bernd Knobloch Markus Leininger Cenk Arson

Bernd Knobloch CEO Markus Leininger Head of Corporate Banking Northern & CEE Cenk Arson Representative for Turkey

This is why the Bank has an excellent position in the global market. In order to arrive at the optimal tailor made solutions, all state-of-the-art advisory and financing instruments are utilised: For professional clients Eurohypo offers the entire added value chain in complex real estate financing transactions worldwide, covering traditional loans business as well as real estate investment banking –e.g. securitization (where Eurohypo is Europe’s leading bank), advisory and mezzanine finance. Eurohypo’s size facilitates the underwriting of largevolume loans enabling the bank being one of the lead managers for syndicated loans in Europe. The Bank is a real global player with presence in nearly every European country, the leader in European real estate investment banking and one of the top-players in the USA. Eurohypo has also established its corporate finance business in the Asia/Pacific region as well as in Mexico. Overall, around three quarters of the new business was attributable to international activities in the real estate segment. In Public Finance, almost 58% of new business stem from countries outside Germany. The pace of expansion is driven by the Bank’s business partners; Eurohypo moves into markets alongside with clients as a global operator. In public sector financing, with tailor-made capital market products, structured loans and private placements, Eurohypo is an important partner for governments around the world. The Bank is also a major bond issuer and the market leader in the Jumbo-Pfandbrief segment. It has a wide range of refinancing options with a worldwide access to the capital markets.

EUROHYPO AG Helfmann-Park 5 65760 Eschborn GERMANY Tel: +49 (0)69 25 48-0 Fax: +49 (0)69 25 48-8 20 48 EUROHYPO Kanyon Ofis Blogu Kat:3 Buyukdere Caddesi No:185 34394 Istanbul TURKEY Tel: +90 212 317 22 00 Fax: +90 212 317 22 10 info@eurohypo.com www.eurohypo.com

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Bosphorus Real Estate Fund has been incorporated the participation of one of the world’s leading investment banks Merrill Lynch’s GPI group and Krea Real Estate, which was founded by Turkish leading team of real estate developers. Differentiating from other real estate investment funds Bosphorus Real Estate Fund has the ability to act as both an investor and project developer thanks to Krea. Merrill Lynch is one of the world’s leading wealth management capital markets and advisory companies with offices in 37 countries and territories and total client assets of approximately $1.6 trillion. It is the first overseas bank with major investment banking presence in Turkey. Merrill Lynch Global Principal Investments (GPI) is the anchor investor in Bosphorus Real Estate Fund and manages the fund with Krea.
Hakan Kodal

Hakan Kodal President & CEO Tuana Yazici Marketing Manager tyazici@krea.com.tr Tel: +90 212 353 11 11 Fax: +90 212 353 11 15 Krea Group Büyükdere Caddesi No.185 Kanyon Ofis Blogu Kat.3 Levent – Istanbul TURKEY www.krea.com.tr

Krea Group is the local operating partner of Merrill Lynch GPI, acting as investor, project developer, fund manager and investment adviser in Turkey. The group is active in various segments of the real estate market including shopping centers, retail parks, residential, summer homes and mixed-use projects. Krea Group aims to be the best in its field of activities in Turkey through its subsidiaries: Krea Real Estate (development), Reval (shopping centre management and leasing) and Bosphorus Real Estate Partners & Managers, a JV with Merrill Lynch GPI. Krea Professionals have developed and/or been involved in the development of 25 different projects so far allows Krea Group to gain a differentiated and superior position at the sector.

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SENIOR PARTNER

RREEF Real Estate and Infrastructure acquires and manages investments in commercial and residential property, real estate securities and infrastructure on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and opportunistic property investments as well as investments in publicly traded real estate securities. RREEF Real Estate and Infrastructure are part of RREEF Alternative Investments, the alternative investments business of Deutsche Bank’s Asset Management division. RREEF Alternative Investments consists of four businesses: Real Estate, Infrastructure, Private Equity and Hedge Funds. Headquartered in New York, RREEF Alternative Investments employs more than 1,400 investment professionals in 17 cities around the world to help investors meet a wide range of objectives – from diversification, to preservation of capital, to long-term performance. Named the world’s largest alternative investments manager in Watson Wyatt’s Alternative Survey, September 2006, RREEF has 64.4 billion in assets under management worldwide as of 30 June 2007. Investment Philosophy Around the world investment success in real estate and infrastructure is, and always will be, driven by local market knowledge. At the foundation of RREEF are regional building blocks comprised of experienced professionals making property investment decisions in the major markets around the world. The firm offers the benefit of substantial operating experience in our local markets and a demonstrated track record in delivering value to our clients. The firm’s long-standing presence in property markets globally is a testament to versatility and the ability to capitalise on opportunities presented in the highs and lows of market cycles. Managing Strategies Across the Real Estate Spectrum... RREEF acquires and manages investments in commercial and residential property, real estate securities and infrastructure investments on behalf of its clients worldwide. Our strategies include: • Core, value added and opportunistic property investments • Investments in publicly-traded real estate securities • Structured debt investments • Infrastructure investments, including transportation and energy distribution assets ...and Around the Globe RREEF’s regional investment teams have long track records of making private and public investment decisions in the major markets around the world. Europe: RREEF has provided real estate investment products and management services to institutional and private clients throughout Europe for more than 36 years. Asia Pacific: RREEF has been an active investor in the Asia Pacific region since 1997, investing in core, core plus, value added and opportunistic strategies. In addition, RREEF has a strategic partnership with one of Australia’s largest real estate fund managers, managing both listed and unlisted funds that own properties in Australia, New Zealand and the US. North America: Founded in 1975, RREEF North America has expertise in all major institutional property types including retail, industrial, office and residential. We have more than 400 institutional and private clients.

Pierre Cherki

Chris Papachristophorou

Jon R. Thompson

Pierre Cherki Co-Chief Executive Officer, RREEF Europe Tel: +44 (0) 20 7547 5374 pierre.cherki@rreef.com Chris Papachristophorou Co-Chief Executive Officer, RREEF Europe Tel: +44 (0) 20 7547 5373 chris.papachristophorou@rreef.com Jon R. Thompson Head of European Client Relations Tel: +44 (0) 20 7545 0206 jon.thompson@rreef.com www.rreef.com

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SENIOR PARTNER

A business leader VARYAP, established in 1980, is the Real Estate Development, Construction and Contracting company of VARLIBAS GROUP INTERNATIONAL holding company, active besides in real estate development and construction, manufacturing, IT and health industries in Turkey. The main focus of VARYAP’s real estate development operations is on construction and contracting. The company has branches in Ankara, Izmir, Trabzon and Hatay, with its Headquarters set in Istanbul, Turkey’s financial center. VARYAP operations go beyond Turkey’s boundaries as the company has joint operations in various countries, namely Italy, England, Greece and the United States. VARYAP’s technical experience, expertise and executional excellence model enables the company to develop, design, undertake, construct real estates; as well as handling financing, marketing and sales operations. The company embraces a corporate approach in real estate projects such as residences, shopping malls and offices; and offers the most advantageous options for consumers through market analysis, feasibility, architectural selections and financing models. VARYAP is currently co-constructing the Uphill Court Atasehir and Uphill Court Bahcesehir, one of the biggest housing projects in Turkey with 2.500 luxury condominiums, shopping and leisure centers. VARYAP incorporated the prestigious mix-use Izmir Project consisting of a high-class hotel, shopping mall, office tower and residences as well as a shopping mall project in Pendik, Istanbul, two residence projects in Mugla Bodrum and two grand residence projects in Istanbul, in its 2007 investment plan. The company is at the same time the appointed undertaker of the Istanbul Hall of Justice, the project of building is one of the biggest courthouse complex in the world by the Ministry of Justice of the Turkish Republic. VARYAP gives great importance to quality systems and its integrated management system assembles ISO 9001 Quality Management System, ISO 14001 Environment Management System and OHSAS 18001 Health and Safety Management System. The requirements of all these systems are met simultaneously. VARYAP is a member of Dun & Bradstreet Database (D&B), Turkey Contractor Association (TMB), Foreign Economic Relations Board (DEIK), Association of Real Estate Investment Companies (GYODER).

Erdinc Varlibas

Erdinc Varlibas CEO Tel: + 90 216 5743000 Fax: + 90 216 5741490 Degirmenyolu Cad. Cetinkaya Sok. No:26 Icerenkoy 34752 Istanbul/TURKEY www.varyap.com

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Aareal Bank AG, headquartered in Wiesbaden, Germany, is one of the leading international property specialists. We are active across three continents. Based on our successful European business model, we have developed similar platforms in North America and Asia/Pacific. We provide property financing solutions in more than 25 countries. Our clients are domestic and international investors. Our business model comprises two core business divisions.
Karl Wilson Senay Azak-Matt Christian Nickels-Teske

Karl Wilson General Manager, Central Europe and Russia Tel: +48 22 5449060 karl.wilson@aareal-bank.com Senay Azak-Matt General Manager Turkey Tel: +90 212 349 02 00 senay.azak-matt@aareal-bank.com Christian Nickels-Teske Director, Real Estate Structured Finance – Logistics Finance Tel: +49 611 348 2635 christian.nickels-teske@areal-bank.com Aareal Bank AG Head Office Paulinenstrasse 15 65189 Wiesbaden, Germany Tel. +49.611 348 2319 Fax: +49.611 348 3063 E-mail: aareal@aareal-bank.com

Traditionally, Structured Property Financing has been our core competency. Our strength lies in our specialised experience in real estate finance combined with local market expertise. Besides local experts, we have at our disposal specialist teams for logistics, retail property and hotel financing packages. Our teams consist of real estate bankers with extensive international experience within their respective industry. This combination enables us to offer the best possible financing concepts, designed to meet the specific requirements of our clientele around the globe. We have established ourselves as an active and reliable issuer of Pfandbriefe and senior unsecured and subordinated debt in the capital markets. To reach a broad investor base, we offer benchmark notes or private placements, structured or plain vanilla, in all liquid currencies. We use as well the transfer of credit risks in the capital markets by means of securitisations, true sale placements and syndications, which are conducted by our Credit Treasury unit. Our Consulting/Services division offers a comprehensive range of services for managing residential property portfolios and processing payment flows for the institutional housing sector. We also focus on the development and support of IT services emphasising personal advice and product design to meet our clients’ individual requirements.

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David O’Hara

Nicholas Spiro

Tim Wilkinson

DTZ is one of the world’s leading global real estate advisers. We exist to provide innovative real estate and business solutions worldwide. DTZ is a leading name in all the world’s major business centres, with over 11000 staff within its system operating across 140 cities in 45 countries working with clients throughout the world. Across Europe, DTZ has one of the strongest market presences of any real estate adviser. Within the Asia Pacific region, DTZ is a leader in all the main markets of Greater China, Japan, India, South East Asia and Australia/New Zealand. In the Americas, DTZ Rockwood delivers leading edge capital markets advice; DTZ also provides corporate real estate services to multinational corporates through its alliance with The Staubach Company. Around the world, DTZ professionals advise multinational companies, major financial institutions, property companies, banks, governments and other public sector organisations. DTZ’s transactional business advises on the purchase, sale, leasing and acquisition of all types of commercial and residential real estate. Professional advisory services include the management of real estate portfolios, building consultancy, and valuation as well as capital advice to maximise the value of real estate as an asset class. Worldwide, DTZ has a research team of over 200 people tracking and integrating the market forces and trends that affect our business to provide the bestinformed solutions for our clients. This includes strategic forecasting and social, economic, market and business intelligence to public and private sector clients, enabling a full assessment of impact and risk on their operations. Last year DTZ was voted the world’s leading Real Estate Research team by EuroMoney magazine.

David O’Hara General Director Tel: +7 495 748 1111 david.ohara@dtz.com Nicholas Spiro Director Tel: +48 22 521 50 00 nicholas.spiro@dtz.com Tim Wilkinson Managing Director Tel: +40 21/310 3100 tim.wilkinson@dtz.ro

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Central & Eastern Europe

GE Real Estate has over 20 years’ experience in the European property market and has established a solid foundation through long-term commitment to local partners. Today, over 460 real estate professionals operate from seven regional offices across Europe, involved in 42 joint venture partnerships. The business in Europe currently has direct investments of 14 billion, representing a 16 billion portfolio of underlying assets.
Karim Habra

property solutions; we build strong partnerships to help us execute on these capabilities. Key facts about GE Real Estate Central & Eastern Europe: • Present in Europe since 1999 with a team of 50 professionals • 2.4 billion worth of assets (acquisitions and developments) • Investments in Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovakia and Turkey • Expanding in Baltic States and Russia • Investments in retail,office, industrial and residential assets • Recognized as the leading investor in Non-Performing Loan portfolios in the region (total investment of 200 million)

Karim Habra Managing Director CEE Tel: +420 22 595 25 17 karim.habra@ge.com Karlovo Namesti 10 120 00 Prague 2 Czech Republic

We leverage our knowledge and capital strength to develop the most effective financial solutions, measuring each transaction as a critical component in building a successful portfolio. We have a broad range of products across the capital spectrum - from 100% equity acquisitions, equity joint ventures, debt products, sale and leasebacks and corporate

ICKM Real Estate 100 million joint venture acquisition, Czech Republic Acquisition of ICKM Real Estate, a high quality portfolio of residential developments in the Czech Republic, in a joint venture with Crestyl.

Warehouse Developments 175 million, joint venture acquisition, Romania Joint venture with HeliosPhoenix to undertake the acquisition of 7 distribution warehouse developments. This marks GE Real Estate’s first entry in Romania

Ronson Development Group 25 million, Poland Acquisition of a 21% equity interest in Ronson Development Group, a leading developer of residential housing in Poland.

Carrefour Shopping Centres 90 million leveraged equity joint venture, Czech Republic Aquisition of an 80% stake in four Czech shopping centres developed and owned by TK Development providing 94,000m2 of retail space. Joint acquisition with Heitman Central Europe Property Partners II.

Casino Hypermarkets 555 million 100% equity portfolio acquisition, Poland Acquisition of 16 hypermarkets from Groupe Casino totaling approximately 340,000m2, to be operated by Real hypermarket (part of Metro AG).

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Kayı Real Estate Investment Co. is established in 2006 with the experience and knowledge of Kayı Construction which has 15 years of experience in construction sector. Kayı Real Estate Investment Co. is operating in the developing real estate sector of Turkey and with its young and dynamic staff; it is adopting corporate values and always focusing on quality and customer satisfaction. Kayı Real Estate is aiming to create modern projects for contemporary living spaces by developing diverse architectural solutions with the last technology, adopt requirements and expectations of customers and investors.

Orhun Kartal

Hakan Kabalak

Mehmet Hurbas

Reference Projects: Completed Projects; Maksimum Residences (Location: Ulus, Istanbul-Turkey, Total Area: 6.500 m2, Date of Completion: December 2006)

Orhun Kartal Member of Board orhun@kayi.com.tr Hakan Kabalak Member of Board hkabalak@kayigm.com Mehmet Hurbas General Manager mhurbas@kayigm.com

Maksimum Residences comprise indoor and outdoor swimming pools, fitness center, sauna, movie theater, indoor-outdoor parking areas, social facility area for special invitations and parties, and a security area both for the apartments and entrance. Ulus Maksimum Residences offer a luxurious life with its architectural design, quality, unique location and very special apartments that reflect excellence of work. Ongoing Project: Ka Green Residences (Location: Halkali, Istanbul- Turkey, Total Area: 38.790 m2, Date of Start: June 2006) The Residence complex is located in ex-industrial, newly developing suburb of Halkali and designed as 7 blocks that consist of 340 apartments. Ka Green Halkalı Residences, located 10 minutes from the Atatürk Airport and 5 minutes from the Olympic Stadium offer its residents peaceful living quarters environed with green, with its aesthetic landscaping, its social facilities including a tennis court, volleyball and basketball courts, play grounds, indooroutdoor swimming pools, fitness center, indoor-outdoor parking areas and 24 hour security system. New Project: Ka Golf Villas Ka Golf Villas and apartments are located in Belek-Turkey; newly developing golf and tourism center of Mediterranean region. Kayı Real Estate is now bringing a new project which will enable its residents an aesthetic and comfortable life.

Emirhan Cad. Barbaros Plaza Is Merkezi No: 145 C Blok Kat: 5 Dikilitas / Istanbul Turkey T: +90 212 261 15 00 F: +90 212 261 15 06 www.kayigm.com

Maksimum Residences

Ka Green Residences

Ka Golf Villas

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Musat & Asociatii was founded in 1990 and has ever since grown to become the leading independent law firm in Romania and one of the largest in Eastern Europe. With a current size of over 80 lawyers, all admitted to the Bucharest Bar Association, and counting other 40 fee earners, Musat & Asociatii is the largest, fastest growing and most dynamic law firm in Romania. Musat & Asociatii’s name stands for a high level of expertise and experience in business matters, having acted for over 15 years in the benefit of internationally sound banks and other financial institutions, multinational businesses, venture capital funds, as well as for major Romanian public and private companies and government agencies. The firm displays a broad and balanced expertise in all areas of business activities, being an undisputed market leader in the fields of corporate and project finance, banking and capital markets, mergers & acquisitions, privatisation, real estate & project development, energy, communications & IT and competition. Areas of particular expertise include aviation, insurance, shipping, intellectual property, environment, employment and pensions. Musat & Asociatii also has excellent litigation resources, extending to dispute management and arbitration, and wide-ranging expertise on tax matters. With a Real Estate & Construction team that has advised in 2006 transactions valued over EUR 2.0 billion, Musat & Asociatii’s practice in this field is acknowledged as being one of the most significant in the region. The firm has gained an unparalleled reputation in developing innovative approaches to real estate transactions, its substantial expertise spanning from real estate acquisitions to property development and sale. In addition, Musat & Asociatii’s in-depth knowledge of international and internal financial mechanisms linked to real estate transactions, as well as security title ramifications related to property, has constantly proved to be a feature of utmost value to its clients. The firm advised on greenfield projects from hotels to residential and commercial constructions as well as on large projects relating to concession of public property, offering complete legal service to the real estate & construction industry, including founders, developers, contractors and professionals. Such services include, amongst others, performance of detailed audits, advice on compliance with local legislation including permitting requirements and assistance with respect to a wide range of agreements shaped on various complex transaction structures. The firm’s impressive has lead Chambers and Partners, a well known world-wide guide of the legal profession, to qualify Musat & Asociatii as “this indefatigable Romanian giant [which] retains an impressive list of corporate clients and virtually unparalleled contacts with government agencies” while commending the firm for “its impressive business attitude and the energy and time it devotes to clients”. The British publication Practical Law Company (PLC) – Which Lawyer Romania has recently placed Musat & Asociatii at the top of its ranking of the business law firms in Romania, being the only law firm that received twice the highest qualification as leading firm in Mergers & Acquisitions and Dispute Resolution, while in areas such as Banking & Finance, Energy, Telecom, Tax, etc., Musat & Asociatii received “highly recommended” qualifications. During the first edition of the Romanian Legal Awards, organized in 2007 by The Diplomat – Bucharest, Musat & Asociatii received the awards Best legal team – Mergers & Acquisitions/ Corporate, Best deal – Mergers & Acquisitions/Corporate, Best deal – Energy and Best deal – Banking & Finance.

Gheorghe Musat

Mona Musat

Gelu-Titus Maravela

Miruna Suciu

Gheorghe Musat - Managing Partner Corporate Mergers & Acquisitions, Banking & Finance Tel: +40 21 202 59 01 musat@musat.ro Mona Musat - Partner Real Estate & Construction, Corporate Mergers & Acquisitions, Restructuring & Insolvency Tel: +40 21 202 59 06 mona@musat.ro Gelu-Titus Maravela - Partner Mergers & Acquisitions, Real Estate & Construction, Litigation & Arbitration Tel: + 40 21 202 59 13 gelum@musat.ro Miruna Suciu - Partner Corporate Mergers & Acquisitions, Banking, Finance & Capital Markets, Energy & Utilities Tel: +40 21 202 59 05 mirunas@musat.ro Musat & Asociatii 43 Aviatorilor Boulevard 1st District, Code 011853, Bucharest, ROMANIA Tel: +40 21 202 59 00 Fax: +40 21 223 39 57 Website: www.musat.ro

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Westdeutsche ImmobilienBank AG Partner for real estate financing and real estate transactions Westdeutsche ImmobilienBank AG (WIB) is one of the leading real estate financers in Germany. It is a full subsidiary of WestLB AG and the Centre of Competence for all real estate activities in the WestLB Group. Consistency and sustained customer orientation set WIB apart. The bank offers specialised, effective and customised solutions. It bases itself nationally and internationally on the requirements of its customers and adapts its portfolio of sophisticated financing products worldwide to respond to a wide range of challenges.
Martin Erbe Maciej Tuszynski Christian Parvan

Martin Erbe Managing Director Head of Central Eastern Europe Tel: +49 6131 9280 7056 martin.erbe@westimmobank.com Westdeutsche ImmobilienBank AG Große Bleiche 46 55116 Mainz Germany

WIB supports national and international investors who invest in their local markets and abroad. Its customers particularly include institutional investors, global developers, real estate companies, real estate corporates and small and medium-sized companies. On the German market in particular it works closely with savings banks (Sparkassen) and is also a financing partner for private customers. The product portfolio of WIB comprises an individualised and innovative range of products and services. It is continually proving this with its property and project financing, real estate structured finance, portfolio financing, real estate joint ventures, consortium financing, syndications and public private partnerships in particular. It focuses on office, retail and residential properties, as well as shopping centres, hotels, logistics properties and facilities for the elderly, healthcare facilities and other public institutions. The expansion of activities in various countries has pushed up the level of commitment of WIB and defined its range of products and services. Reliability, flexibility and quick loan decisions via short decision-making routes give customers the security of being able to carry through their real estate project with a competent partner. The bank guarantees this through a comprehensive network and local country-specific knowledge. Apart from its headquarters in Mainz, WIB is represented in five other locations in Germany – Berlin, Hamburg, Düsseldorf, Münster and Munich - and has an international presence with its branch in London and offices in Madrid, New York, Paris, Prague and Warsaw. The newly formed subsidiary in Tokyo will become the point of contact for customers in Asia Pacific. WIB has around 500 employees with a balance sheet total of around EUR 23 billion.

Maciej Tuszynski Executive Director Head of Real Estate Finance Poland Tel: +48 22 653 0590 maciej.tuszynski@westimmobank.com Westdeutsche ImmobilienBank AG ul. Pileckiego 65 02-781 Warsaw Poland

Christian Parvan Director Origination Romania and Hungary Tel: +49 6131 9280 7844 christian.parvan@westimmobank.com Westdeutsche ImmobilienBank AG Große Bleiche 46 55116 Mainz Germany

www.westimmobank.com

CREATORS

ILHAMI AKKUM
vice president real estate TAIB BANK

BADEGUL ALBAYRAKTAR
business development manager EMAAR TURKEY

investors • income generating properties • development projects • gcc europe • india • kazakhstan • turkey • • the uk and the us

DEVELOPER

Mix-use, Residential, Commercial, Tourism Developer. Subsidiary of Emaar PJSC based in Dubai.

Ilhami Akkum is a Principal of Acacia Real Estate in Turkey. Founded in 2006 by TAIB Bank/ Bahrain, Acacia invests in properties in Northern America, Europe, Gulf, India and Turkey. Ilhami obtained his degree in Civil Engineering from Bogazici University and MSc from Istanbul Technical University in Construction Management. After 12 years in construction, he began his real estate career in 1996 with a residential development project in Istanbul, working for Yapi Kredi Koray, Finans and TSKB REIT’s in Istanbul. Ilhami obtained his PMP designation from the Project Management Institute and his Real Estate Appraiser license from the Capital Markets Board of Turkey. He lectures at Istanbul Technical University and is fluent in English and French.

Badegül has been in real estate sector for over 12 years mainly in Koray Group, Stewart International and others prior to joining Emaar Turkey team as Business Development Manager. Badegül holds a BSc. degree (Bogaziçi University) in CE. Emaar PJSC is listed on The Dubai Financial Market since 2000 and is ranked 462nd in the 11th Financial Times Global 500. It has also assigned A- and A3 ratings, respectively, by Standard & Poor’s and Moody’s. Now has a presence in 17 countries worldwide with billion dollar real-estate projects.

CEM ALFAR
general manager FORUMINVEST TURKEY

AVI ALKAS
ceo ALKAS CONSULTING

Shopping centers • Turkey • US$100-500 million • Development • GLA:60.000-200.000 sqm • Private-public partnerships

Cem Alfar has joined Foruminvest as the GM of the Turkish Subsidiary in 2007. He has built his 15 years career on Real Estate and Retailing. He worked in McDonald’s real estate division. Then, he become the GM responsible from managing and expanding Harley-Davidson and Bang & Olufsen brands in Turkey. He continued his career in German ECE shopping center development group as the Country Real Estate Development Manager. Before joining Foruminvest he was holding the position of Real estate Development Director of Dogan Group of Companies Holding. Foruminvest Turkey is a developer/investor company actively looking for large scale shopping center developments in all over Turkey.

Avi Alkas born in 1956, graduated from Robert College and obtained his BA and MA business administration degree from Bosphorus University. After working in Akmerkez, Carousel and Izmit Outlet Center projects, Avi Alkas established Alkas Consulting in 1997. Alkas Consulting served projects such as Olivium, Nautilus, Armada,KayseriPark, Optimum, KoruPark and most recently IstinyePark. He is a member of the ICSC European Board and European Jury for the International Council of Shopping Centers from which was recognized with the title of Senior Certified Marketing Director (SCMD) and Senior Certified Shopping Center Manager (SCSM).

OKAN ALTUG
managing director DARUMA CORPORATE FINANCE INC.

LAMBROS G. ANAGNOSTOPOULOS
president & ceo SCEPSI SA

office• retail/entertainment properties • residential for rent & sale• warehouses/light Industrial• hotel • resorts• infrastrastructure

“secure investments” is a property fund co-investing in development projects in southeastern europe.

Okan Altug is the Managing Director of Daruma Corporate Finance, specialized in Asset Based Finance; Capital Equipment and Working Capital Finance; Securitization, Project Finance and Commercial Real Estate Finance, as well as M&A Advisory with track record of more than USD 2.0 Bln; Corporate Finance advisory in Turkey, Balkans and India. Mr. Altug has 17 years of experience in Corporate Finance & Investment Banking, and received BA in Bosphorus University in Istanbul and MBA from Pace University, New York. He is fluent in English and French.

INVESTOR

In 2006 Lambros Anagnostopoulos created SECURE Management in order to manage “SECURE Investments” funds. In 2000 he set up LAMDA Development, an Athens listed property developer, and was CEO until June 2006. Since 1992, he has been a Geneva based executive of the Latsis Group, directing, among others, the Group’s global business planning & development. In 1988-1992, he worked as a management consultant in USA and UK. Mr. Anagnostopoulos is a graduate of naval architecture, marine and mechanical engineering from the National Technical University of Athens and he has Master’s degrees in shipping from MIT and in management from the MIT Sloan School of Management.

NEW EUROPE GRI

CENK ARSON
representative for turkey EUROHYPO

GUIDO AUDAGNA
managing director THE CARLYLE GROUP

Investment banking • Real estate and public sector financing • member of Commerzbank group v operating in Europe-Asia-USA • 250 billion Euro

office • residential • existing • development

With 13 years of experience in the banking sector, Cenk Arson (39), who was previously Head of Structured Finance at AKBANK , the biggest provider of project finance in Turkey, has taken over the management of the representative office of Eurohypo. He is tasked with establishing Eurohypo in the Turkish market and quickly developing a sizeable portfolio. Cenk Arson holds an MBA (Warwick) and CFA certificate and is fluent in English. Eurohypo Turkey’s focus will be on shopping centres and hotels for business travelers as well as office space and logistics properties, representing the typical Eurohypo target portfolio when entering the new markets.

Guido Audagna is a Managing Director responsible for the acquisition of real estate properties in Italy. Prior to Carlyle, Mr. Audagna was at BNL Fondi Immobiliari SGR in Milan (subsidiary of BNL Banca Nazionale del Lavoro Group) as Fund Manager of Italian real estate funds. Prior to this he worked at REAG Real Estate Advisory Group (subsidiary of American Appraisal) in Milan and Padua as Area Manager for northeast Italy. Mr. Audagna studied architecture at Polytechnic of Turin and holds a graduate degree in town planning and real estate market from Corep of Turin. Carlyle Europe Real Estate Partners is dedicated to real estate investments in Europe. The target markets are France, Germany, Italy, UK, Scandinavia and Spain.

CYRIL AULAGNON
region manager cee CONCERTO DEVELOPPEMENT

SENAY AZAK-MATT
general manager turkey AAREAL BANK AG, ISTANBUL REPRESENTATIVE OFFICE

international property finance expertise • across three continents • europe • north america • asia/pacific • tailor-made financing solutions

LENDER

Cyril Aulagnon currently heads Concerto Développement’s activities in CEE Region. Cyril holds a master degree from HEC School of Management, a bachelor degree from Dauphine University in Paris in Mathematics and a bachelor degree in Sociology from Sorbonne University in Paris. Prior to joining the Company, Cyril worked in New York in financial trading for a bank and worked on investment projects in Africa for a Madrid-based private company.

Senay Azak-Matt is the General Manager of Aareal Bank AG/Istanbul Representative Office, Turkey, graduate from Business Administration of the University of Applied Science in Kon-stanz/Germany and Coventry University/England. During her years at Aareal Bank, she worked for and later managed the Turkish Credit Department and the Turkish Market. With property financing volumes of approx. 22 billion, Aareal Bank Group enjoys an excellent market position in property lending business. In Turkey, Aareal Bank was the first European bank expanding into the commercial real estate market in 1999. Currently, the bank has a total portfolio volume of 650 million in Turkey.

BARLAS BALCIOGLU
partner BALCIOGLU & SELÇUK AVUKATLIK BÜROSU

JÖRG BANZHAF
managing director ECE PROJEKTMANAGEMENT G.M.B.H. & CO. KG.

real estate • shopping centers • hotels • bank finance • M&A • restructuring • Turkey • development • construction

Barlas Balcioglu has been a real estate and corporate finance lawyer for about 10 years. His work has included representing banks in drafting and negotiating loan agreements; and representing owners, developers, and investors in connection with the development and sale of commercial real estate. He also specializes in M&As, joint ventures, and restructuring. He negotiated and drafted shareholders, share purchase, consortium, distribution, and asset transfer agreements.

LAWYER

Civil engineer studies in Cologne, additional economics studies in Gummersbach. After having worked for 2 years in the international department of Philipp Holzmann AG he changed jobs and started working with Homola AG in 1992, an European-wide consulting firm, that is specialised in project management and consulting services for large industrial construction projects. Jorg Banzhaf was managing director from 1996 - 1999, until he became board member of Homola AG after a reorganisation in the company. Since 2000 he has been working for ECE Projektmanagement G.m.b.H. & Co. KG in Hamburg. Since 2004 Managing Director for ECE International and responsible for the real estate development in central and eastern Europe.

CREATORS

DR ORSOLYA BÁRDOSI
senior Associate GIDE LOYRETTE NOUEL - MOLNÁR & FERENCZY

DEREK BARKER
managing director HASKOLL

architects/designers • urban design & masterplanning • shopping centres • mixed use • international • leisure & retail • residential

a member of the Budapest Bar and is a registered Tax Advisor (certified by the Ministry of Finance). After being a member of Arthur Andersen’s and Ernst & Young’s tax team, she joined to lead the tax practice of GLN Budapest in the summer of 2004. For more than seven years, she has specialised in tax law matters including tax optimisation, international financing planning, tax litigation, tax due diligence, health checks and general tax consultancy, and has extensive experience particularly in the field of tax structuring and tax authority disputes.

Derek Barker is the Managing Director of Haskoll, Architects and Designers based in London. Haskoll specialise in shopping centre and mixed use design across the UK and continental Europe. Currently consulting on new build, refurbishment and remodeling. Derek has detailed involvement in the international side of their design portfolio, which has encompassed working in 25+ countries over 30 years.

ARCHITECT

ÖMER BAYATLI
cfo TAHINCIOGLU GROUP

SIMON BAYLEY
chief development officer TRIGRANIT DEVELOPMENT CORPORATION

PROPERTY COMPANY

retail • office • ppp cultural/sport • tourism; cee • russia & balkans • euro 100 mill+ • development

Ömer Bayatli is the CFO of Tahincioglu Holding and is responsible for financial management and project development of the real estate portfolio of Tahincioglu Holding including Palladium Residence and Shopping Center in Istanbul and Swissotel Grand Efes in Izmir. Mr Bayatli was previously an investment banker at Citigroup in London specializing in cross-border Mergers and Acquisitions.

Simon Bayley has been with TriGranit for 8 years and is currently the Chief Development Officer, responsible for development in the CEE region (TriGranit has completed Euro 2 billion of projects & Euro 5 billion in its pipeline). Prior to this he has 10 years experience in finance, has a Batchelor of Commerce, is a full member of ICAA in Australia and speaks Hungarian fluently. TriGranit is a fully integrated property developer that focuses on multifunctional projects including a large retail element of >100,000m2 (5 completed / 5 under development).

ÖZGÜR BEKIROGLU
head of center management ECE TÜRKIYE PROJE YÖNETIMI A.S.

ILARIA BENUCCI
managing director, cee AIG GLOBAL REAL ESTATE INVESTMENT (EUROPE) LTD

shopping centers • development, management • investment • us$1 billion investment volume in Turkey • sector leader

Mr. Ozgur Bekiroglu’s profile: Ozgur Bekiroglu works for ECE Group since 2000. He managed many shopping centers in Germany, Turkey and Greece. He still coaches Center Managers both in Turkey and Greece, and he is the Head of Department for Center Management in ECE Turkiye. Bekiroglu is fluent both in German and English. ECE Turkiye, is a joint-venture of ECE Group and General Growth Properties (GGP). ECE Group is an investor-developer, and manages 90 shopping centers in 15 countries in Europe. GGP is the second largest USbased REIT with 210 shopping centers and investments abroad.

Investment for all its real estate operations in Central Europe , the Balkans, Russia and Ukraine. Ilaria Benucci has more than 15 years of business experience in CEE and works on the acquisitions, sales and development of real estate investments in the region. She joined AIG on 2006. Prior to joining AIG Global Real Estate she worked for the European Bank for Reconstruction and Development (“EBRD”) where she was the Director of the Property Team.

NEW EUROPE GRI

DR THOMAS BEYERLE
director research & strategy DEGI DEUTSCHE GESELLSCHAFT FUER IMMOBILIENFONDS MBH

SEFIK BIRKIYE
ceo VIZZION EUROPE TURKEY

European real-estate development and investment company • Urban, multifunctional projects • 600 M invested in 2006-2007

DEVELOPER

Dr. Thomas Beyerle is the director of Research & Strategy of DEGI Deutsche Gesellschaft für Immobilienfonds mbH, Frankfurt/Main, the real estate capital investment company of the Allianz Group. DEGI has been in the market for over 30 years and is among the leading property portfolio managers in Germany. Dr. Beyerle has more than 10 years of business experience in international research on the real estate sector and is also known as author of numerous publications.

Founder and CEO of the architectural firm Atelier d’Art Urbain and of VIZZION Europe, Sefik Birkiye endorses the leadership of the group. For almost 30 years, he has been able to set the highest quality standards and to establish a reputation for excellence on the international scene. He is the initiator and a pillar of the group’s development strategy. VIZZION Europe’s purpose is to develop HEV-High Environmental Value real estate project’s in over ten countries.

JÖRG BITZER
managing director REDEVCO CENTRAL EUROPE

EMMANUEL BLOUIN
executive director MORGAN STANLEY

investor/developer in more than 20 european countries, primarily retail considering logistics/office

Jörg has been active in Retail Real Estate for more than a decade throughout Europe working with Peek & Cloppenburg and Wal-Mart. In 2005 he joined REDEVCO CENTRAL EUROPE as managing director. Based in Vienna and Bucharest the company follows the strategy of “investing where people shop”, developing and investing in retail real estate in 12 countries in central Europe REDEVCO is a pan-European company with a current RE portfolio of more than 6.9 bln Euro , spread over more than 5 mio sqm, more than 800 properties and covering more than 2700 lease contracts.

GUNDARS BOJARS
chairman of the board NEW EUROPE REAL ESTATE LTD.

Gundars Bojars is the Chairman of the Investment Fund New Europe Real Estate, Ltd which has invested recently more than 100 mln EUR into the Latvian real estate market. Gundars is an ex-Mayor of Riga City, under whose supervision a new plan for Riga development for 2006-2018 was initiated and designed. His previous business experience included successful management of a big Latvian port and logistics company. He served as Chairman of the Board of Riga’s harbour and President of Latvian Association of Big Cities as well. In addition, Gundars is Member of the Riga City Council currently.

INVESTOR

Emmanuel Blouin is an Executive Director at Morgan Stanley Real Estate in Europe. Emmanuel joined Morgan Stanley in April 2005. In his position, Emmanuel is involved in a variety of transactions across Europe (Orco, Multi, RGI, RED, RBI investments - RGI and AFID IPOs). From 2000 to 2005, Emmanuel was a Vice President within the Real Estate Investment Banking group of JPMorgan. From 1995 to 2000, Emmanuel worked at Paribas in the Corporate Finance and Real Estate groups Emmanuel graduated from HEC in Paris with a major in Finance in 1995.

DR ARNE BONGENAAR
managing director ACTEEUM GROUP

Since May 2006 Arne (1961) is managing director and co-owner of ACTEEUM Group, developing shopping centers in Turkey, Ukraine and Caucasus with a total investment value of over 1 billion Euro. Meinl European Land and the EBRD are the major investors. From 19992004 Arne managed Ahold Real Estate Central Europe, developing 12 shopping centers. From 2004-2006 Arne was Sales Director for Multi Development. Arne is an urban geographer and holds a doctors degree on urban development and public private partnerships.

DEVELOPER

real estate developer with focus on retail in turkey • ukraine • caucasus • project pipeline • 1 billion euro

CREATORS

FATIH BORA
president BROOKLYN INVESTMENT ROMANIA

LIONEL BOTBOL
managing director UBS INVESTMENT BANKN

He was responsible for real estate developments in Chisinau (Republic of Moldova), being awarded South East Investor of the year by RRT. He has a BS in Civil Engineering at Middle East Technical University, Ankara (Turkey) and a Thunderbird MBA at The American School of International Management, Glendale, AZ. Since 2004 he has been a Member of the Board at Summa Romania and the President of Brooklyn Investment Romania, both corporations being highly reputed presences on the real estate construction & development market.

Managing Director, Co-head of European Real Estate, Lodging an Leisure Lionel is responsible for the coverage of UBS Investment banking activities in the real estate, lodging and leisure sectors sector in Europe, CEE, CIS and the Middle East. His team is composed of approximately 25 individuals (ex financing), originating and executing M&A, Debt and Equity transactions. It is part of a Global franchise, with more than 100 individuals based in New York, Sydney, Hong Kong and Singapore. Lionel joined UBS in 2005 after 7 years at JPMorgan. Overall, Lionel has more than 15 years of experience in the sector, having led more than Euro 80 billion of transactions across the Region.

KHALID BOUZERDA
general manager BABCOCK & BROWN LTD

TOMAS BUCAS
director UAB INRED

development & management • participation in financing • administration of real estate investment projects • active in lithuania • latvia and ukraine

Khalid Bouzerda is a graduate of the Sorbonne with a degree in Economics and Political Sciences. Prior to joining Babcock & Brown, Mr.Bouzerda worked at Bank Gutmann and at the European Bank for Reconstruction and Development where he focused on the project financings of major infrastructure projects; including mining, telecommunications, banking and agribusiness projects.

CEO Lund University (Sweden), BA degree in Commercial Law, 1997, Work experience in the company since 1998. In 2002 promoted to deputy director of the company. Since 2005 CEO and since 2007 managing director of Invalda Group real estate sector.

CEVDET CANER
founder & ceo LEVEL ONE CAPITAL LTD

LUCA CASTELLI
ceo AEDES SPA

Founder and majority shareholder of Level One • purchased and developed a portfolio of residential real estate in Germany, in excess of 1.5 billion over the last two years • has financed activities in Europe on an independent basis • structured and positioned various capital market transactions including (IPO, venture capital and convertible bond transactions), block trades, takeovers (both of private and public companies), project financing.

After being Sales Manager and general Manager of Fadif Sa, a company promoting real estate investments, he becomes the Italian branch Director of Healey & Baker, now Cushman & Wakefield. In 1996 he takes up the charge of General Manager in Sopai, a French investment company; three years later he becomes Managing Director of the Italian branch and Advisory of the European Board of TMW AG. From 2000 he is Chief Executive Officer of Aedes S.p.A.

NEW EUROPE GRI

JAVIER CATENA
general manager CHAMARTÍN INMOBILIARIA

GUNIZ CELEN
president ÇELEN STRATEGIC INVESTMENT SOLUTIONS

retail • offices • residential development • property & land management • spain • portugal • germany • poland • usa (miami) gav euro 2,454 mln • sales euro 254 m

Javier Catena is lawyer and has been involved in the Real Estate Business for the past 14 years. Land Developer Manager for Carrefour Spain. Was General Manager of the Residential Division of Procom. Is General Manager since 2005 of Inmobiliaria Chamartin. Inmobiliaria Chamartin is a European Real Estate Developer with experience in the industry, with more than 150 Real estate Assets under management/development.

PIERRE CHERKI
managing director RREEF

Mr. Cherki is a co-CEO of RREEF Europe, based in London. He is responsible for REOF’s activities in France and Central and Eastern Europe. Since joining Deutsche Bank, he has completed above 15 transactions with a total investment value of above $2 billion. These transactions include the acquisition of SELEC, a French subsidiary of EDF with large residential property holdings, the sale and leaseback of a commercial portfolio 23 properties in France and the investment in a number of development joint ventures in the Czech Republic, Poland, and Russia. Mr. Cherki joined Deutsche Bank in 1997.

MIRCEA CLECIU
general manager NEOCASA REAL ESTATE

Mircea Cleciu is the founder and general manager of Neocasa Real Estate Solutions, a Romanian leading full-service real estate company. Since its foundation back in 1997, Neocasa has developed mutually beneficial business relationships with companies like BRD Groupe Société Générale, Romtelecom, AutoItalia, Avia Motors, Henkel, HVB Bank, Volksbank, KPMG Romania, PricewaterhouseCoopers, Praktiker, Liebrecht & Wood or Meinl European Land. By being an active participant in several key European realtor events, Mr. Cleciu has proven his commitment to transform Neocasa into a well-known Romanian presence on the European real estate market.

DEVELOPER

Güniz Çelen, is a Chartered Appraiser and is recognized as one of the most prominent 1,100 Counselors of the real estate world with her CRE designation and holds FRICS and MAI designations as well. The 30 years of extensive and diversified hands-on experience in construction and investment environments has led to unique knowhow in residential, commercial, hospitality and industrial development issues. She continues to speak, and teach for the development of the appraisal profession.

LEO CIVELLI
ceo reag europe REAG EUROPE

CEO of REAG Europe and Managing Director of REAG Italy. Responsible for the coordination and supervision of real estate related assignments and for the business development of consulting services. He previously worked with civil contractor firms. He lectures at the Politecnico of Milan and Turin. He co-operated in several publications and articles on financial newspapers and magazines. He is Member of “RICS”(FRICS), Italian mother tongue, fluent in English, Spanish, Portuguese, French. REAG was established in 1992 (part of intl. group American Appraisal) with the precise scope of offering to its clients professional advice and consultancy, in order to optimize the management of the real estate and territorial patrimonies. Differentiation and continue updates of the offered services, in line with sector development are cornerstones of REAG success.

TATIANA COHEN
director asset management GLL REAL ESTATE PARTNERS GMBH

Tatiana Cohen has joined GLL in 2005 from Lehman Brothers, where she was focusing on derivative fixed income products and Emerging Markets. Presently, she is Director of Asset Management at GLL and is based in Munich. Ms Cohen has extensive real estate industry experience in the areas of investment and development. Prior to Lehman Brothers, she was with Deutsche Bank and PricewaterhouseCoopers Real Estate Advisory Group in New York. Ms Cohen is a chartered accountant and holds an MBA degree from Harvard Business School.

RE ADVISOR INVESTOR

CREATORS

ERTAN DAL
managing partner TAURUS EURASIA

ZISIMOS DANILATOS
international development director LAMDA DEVELOPMENT S.A.

INVESTOR

real estate • greece • see • shopping & leisure centers • office buildings • residential complexes

Ertan Dal is the managing partner of Taurus Eurasia A.S., the latest Taurus family member. Taurus Eurasia, started its activities in September 2006. Before joining Taurus, Ertan established the first PPP Waste Management and Waste-to-Energy project in Ankara. Some of Ertan’s notable projects are the Euro Migration of Swiss Life Insurance Company, Management Accounting system for the UBS Group companies and the conception and implementation of the Swiss Life Asset Management system. Ertan started his first business at age 26 in Information Technology Consulting, Integration and Development Services for Financial Institutions. Ertan is a graduate of the Business School of Zurich and has a MBA from International Business School, Zurich.

Zisimos Danilatos has been with LAMDA Development S.A. for five years where he holds the position of International Development Director, having been project leader for all of the company’s international real estate investments. His prior experience includes project manager positions at Ove Arup & Partners International Ltd. in London, Depa S.A. and Conetal Ltd. He is a Civil Engineer having graduated from the National Technical University of Athens (Metsovio) and holds an M.B.A. from the City University Business School. He is fluent in English and Greek (mother tongue) and also speaks French. LAMDA Development is a real estate investment firm developing large mixed-use & residential complexes in S.E.E.

RICHARD DAVIES
director, turkey JONES LANG LASALLE

SIMON DAYES
partner CMS CAMERON MCKENNA SCA

syndicated finance • project finance • restructuring south east europe

JLL has been involved in real estate activities in Turkey since 1999 and Richard took responsibility for this business this year. He was involved in the acquisition of Cevahir shopping centre and is now responsible for the management and leasing of the centre. Prior to Turkey, Richard has assumed key managerial positions at JLL since he joined in 1998. He was responsible for the management and coordination of 50 shopping centers in the UK and was a Board member of the UK Management Services Group where he played a key role in strategic planning. Richard also worked in the JLL’s Americas Retail Headquarters in Atlanta. He was the pioneer figure to introduce Specialty Leasing to the UK.

Simon is an English lawyer heading up CMS Cameron McKenna’s Banking and International Finance Group in South East Europe. Resident in Bucharest and specialising in syndications, project finance and restructuring, Simon has spent ten years advising banks in cross-border finance into SEE, including project finance in energy, natural resources and transport. As well as in real estate finance, our Banking and International Finance Group in Romania advises banks in asset and project finance (in both public and private sectors), acquisition finance and LBOs.

CARLOS FELIPE DE LEÓN
member of management board ACCIONA NIERUCHOMOSCI

YANNIS DELIKANAKIS
founder and partner BLUEHOUSE DEVELOPMENT SA

Carlos de Leon has been an Economic Director and a Member of the Management Board since 2005. He supervises Administration, Sales, Marketing and IT Department. Over the past 10 years he has worked in Equity Investments Departments of several Polish banks , such as Citibank or BGZ. He was involved in preparation of fundamental analyses, company reports, financial projections, valuation of enterprises , dealing i.a. with real estate projects. As a Member of the Management Board, he participates in pre-investments analyses, negotiations with companies and purchases. He also oversees several constructions realization in Warsaw, both residential development and office market.

INVESTOR Yannis Delikanakis, Founding Partner, Bluehouse Capital. Bluehouse Capital is a real estate investment firm with a strong presence in South Eastern Europe and offices in Cyprus, Bucharest, Sofia and Athens. Prior to this, Mr. Delikanakis served for five years as the General Manager of real estate for the Technical Olympic Group and as Executive Vice President and Executive Vice Chairman of the NYSElisted homebuilder Technical Olympic USA, Inc.

NEW EUROPE GRI

MARUF DINDAR
DARUMA CORPORATE FINANCE INC.

EVA DOYLE
partner KPMG CZECH REPUBLIC

office • retail/entertainment properties • residential for rent & sale • warehouses/light Industrial • hotel • resorts • infrastrastructure

Maruf Dindar is the Partner in charge of Domestic Business Development in Daruma Corporate Finance. Areas of his expertise are Business Development and Strategic Marketing. Mr. Dindar has over 8 years of experience in Corporate Finance. He also has 5 years of experience in non-financial sector as a manager. Mr. Dindar received a BA degree in Public Administration at The Middle East Technical University in Istanbul. He is fluent in English.

MARIA TERESA DREO
head of int. real estate finance BANK AUSTRIA CREDITANSTALT

Managing Director of Department “International Real Estate Finance”; responsible for international RE clients doing RE business in more than two countries within our network; 15 years experience in real estate business (local (Austria) and international). Bank Austria Creditanstalt is one of the leading banking group in CEE with a presence troughout the region CEE, SEE, Turkey, Russia; target segments: retail, office, logistics, residential; lender for developments & investments; 27m customers; 3.700 outlets; 76.000 employees.

MARTIN ERBE
head of cee WESTDEUTSCHE IMMOBILIENBANK AG

Martin is a Managing Director and Head of the CEE Real Estate Team of Westdeutsche ImmobilienBank AG. He has more than 12 years experience in the Real Estate Industry, most of this time in the CEE markets. Martin holds a degree in Business Management from the University of Applied Sciences in Ludwigshafen. Westdeutsche ImmobilienBank AG is solely specialised on commercial real estate lending in the US, APAC and Continental and Central Europe.

INVESTOR LENDER

KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 148 countries and have more than 113,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.

ASTERIOS ECONOMIDES
managing director ARCON CONSTRUCTIONS

He was born in Thessaloniki in 1958. He finished high school in Michigan USA. After 3 years of architectural studies in Bucharest he continued his studies and graduated from the School of Architecture in Aristotle University of Thessaloniki. In 1990 he began his career with the company “ARK TEAM LTD Design”, having as an object the design and construction of retail spaces. In 1997 the company has focused only to construction, and was named ARCON CONSTRUCTIONS SA. Today he is the Managing Director of ARCON in all four premises, in Athens, Thessaloniki, Bucharest - Romania (2000), Sophia - Bulgaria (2004). He is married to Vassiliki Foka. They have 2 daughters.

HAKAN EREN
country manager HSH REAL ESTATE A.G. TURKEY

ADVISOR

financing of office • retail • logistic and business hotels in poland • czech and slovak republic • hungary • bulgaria and romania

Hakan is the Country Manager of HSH Real Estate A.G. Turkey which is a 100% sunsidiary of HSH Nordbank A.G. Prior, Hakan has headed numerous construction and real estate projects for international companies such as Skanska, LendLease and McDonalds as well as local corporations of Turkey. He has been active in the Turkish market within commercial, and residential building sectors. Hakan has been a board member of PMI Istanbul, ICSC Turkey and is a member of GYODER Association and ULI Turkey. Hakan holds a Civil Engineering degree (MSc.) and speaks fluent English.

CREATORS

MURAT ERGIN
general manager KUZEYBATI REAL ESTATE SERVICES

ZAFER ERGÜVEN
executive vice president KREA REAL ESTATE DEVELOPMENT & INVESTMENT CO.

consultancy • investment • agency • pm services for retail • offices • industrial • associate of savills commercial

shopping centers • retail parks • residentials • summer homes • mixed-used projects • turkey • us$ 1.1 billion

Murat Ergin is the founder and managing director of Turkey’s leading real estate services provider, Kuzeybati. Mr. Ergin started his real estate career in 1994 at Kuzeybati, where he established the brokerage, advisory, investment and finally PM teams. Kuzeybati is recently associated with Savills and provides services to a group of clientele from among international investors, developers and end users. Murat Ergin is a member of ULI , GYODER , GKP and ICSC. Mr. Ergin is fluent in English and Turkish.

Zafer Ergüven has 13 years experience in project management, design, construction and cost control segments in real estate market. Between 1998 and 2006, he worked as an Asssistant General Manager in Yapi Kredi Koray. He was the project planner and cost control manager for one of the largest housing projects; Emlak Bank Bahçesehir Project and Ekinciler Holding (1993-1998). And since September 2006, he has been with Krea Real Estate as an Executive Vice President. Creating value added projects for its customers and investors, Krea Real Estate aims to be the most envied companies in the sector.

ERKAN ERKEK
general director CAPITAL PARTNERS

DAVID EYER
business development director PREMIER LES NOUVEAUX CONSTRUCTEURS

residential • offices • france • germany • spain • poland • portugal • indonesia • 458 m euro revenues in 2006

Capital Partners is a privately-owned real estate development, investment and management company engaged in landmark projects in Kazakhstan, Russia, Ukraine & Turkey. Capital Partners develops projects in all four commercial real estate sectors (office, retail, warehouse and hotel) as well as residential properties in Kazakhstan and Turkey. Some of the projects of Capital Partners are the RitzCarlton, Moscow hotel, Metropolis mixed-use office and retail complex in Moscow, Pushkino Logistics Park and Domodedovo Logistics Park in Moscow Region.

LEVENT EYUBOGLU
managing director MULTI TURKMALL

Levent Eyüboglu has been in commercial real estate market for more than 15 years, managing the development of many projects in various cities of Turkey. Currently, Eyüboglu is CEO of Multi Turkmall, the Turkish subsidiary of Multi Corporation, a leading company in Europe in the field of developing, owning and operating shopping centres, offices and mixed-use projects; and Member of the Board at Multi Corporation. Eyüboglu is also CEO and Member of the Executive Board of Turkmall; and a Board Member of IKEA-Tukey, Romania and Bulgaria. Eyüboglu holds a bachelors degree in Industrial Engineering and is fluent in French and English.

INVESTOR

David Eyer is in charge of Business Development and M&A for LNC (Euronext: LNC), an international real estate developer based in Paris with activities in France, Spain, Germany, Poland, Portugal and Indonesia. He is especially active in the German and Eastern European markets. David has a significant experience in general management, change management and business development, acquired in consulting and senior management roles in various sectors, in the USA and in Europe, especially France and Germany. He is a graduate from ESTP (Civil Engineering) and Groupe HEC (Strategic Management) in France and holds an MBA (UCLA).

TIMOTHY FENWICK
managing director QUANTUM POTES

development • investment • asset management • mall management • shopping centres • offices • residential • 4 billion euro investment in turkey

With more than 35 years commercial real estate experience in Benelux, Italy, France, Germany and the UK, as well as Russia and Ukraine, Timothy can claim to be the “doyen” of the Russian real estate market. Long specialized in originating and negotiating cross border investment transactions, he first came to Russia in 1995 to set up Jones Lang’s operations here. Over the last twelve years he has built up an extensive network among the main market players in both Russia and Ukraine.

NEW EUROPE GRI

CLAUDIUS FERENTZ
managing director INVESTKREDIT BANK ROMANIA

GERALD GAIGE
partner ERNST & YOUNG

real estate appraisal • feasibility studies • conceptual design • hospitality • real estate financing • project development • management • location advisory

Head of the Romanian Representative Office of Investkredit, a specialized Bank for Corporates and Real Estate in Austria and CEE. He has been assigned to manage the setting up and development of Investkredit’s operations in Romania in October 2005. Financing property developments and acquisitions in the office, logistics and retail sectors represents a main focus of the real estate team. Before joining Investkredit, Mr. Ferentz worked in a large international Bank in Vienna, being in charge for the acquisition and structuring of crossborder finance projects in Romania, Hungary, Czech Republic, Serbia and Russia. Mr. Ferentz started his career in the field of real estate finance with Hypovereinsbank in Munich.

Working in Russia since 1994, Gerald directs real estate sector activities for Ernst & Young. One of six key partners in the Russia and CIS practice (of more than 3,000 professionals), he delivers tax, audit, business advisory, and transaction support services for clients with real estate interests. Recently named #6 among real estate consultants in the “Top 100 Market Makers in Russia”, Gerald’s work includes advising on some of the most significant real estate projects in the CIS countries. Real estate experts under his direction are completing real estate consulting and appraisal, specialized hospitality advisory, construction and development management, and real estate finance assignments.

ALEJANDRO SOLANO GALLEGO
general manager HERCESA IMOBILIARA

EKATERINA GEORGE
managing partnerr VEKTOR INTERNATIONAL REAL ESTATE INVESTMENT & DEVELOPMENT

PROPERTY COMPANY

property developer • bucharest• romania • estimated 5.200 apartments • cismigiu building • vivenda• orhideelor • ghencea residential

General director of Hercesa Imobiliara S.A. since its beginnings in July 2004. The company has a fast growing rate, constantly aquiring and developing new projects in Bucharest, like: the Cismigiu Hotel, Vivenda, Orhideelor and, Ghencea Residential. Alejandro Solano Gallego has extended studies in the administration and management of enterprises, plus a MSc Degree in ‘Enterprise in Multimedia’ . His solid education and experience in the real estate field form the basis of his business planning and strategy. He speaks fluent Spanish, English and Romanian. Hercesa Imobiliara S.A. is a real estate developer acquiring and developing large scale residential and office properties in Bucharest, Romania.

KONSTADINOS GEORGIAKOS
assistant director EFG TELESIS

Konstadinos Georgiakos has been a Real Estate Finance professional for the last 10 years. He has previously worked for Credit Suisse and Bear Stearns in London and Blackheath Financial in New York. Throughout his career he has underwritten over $4bn worth of assets. EFG Telesis Finance is a Greek investment bank, member of EFG Financial Group. Its Real Estate Finance team is responsible for arranging financing of developments, acquisitions and refinancings of various types of real estate in SEE and CEE.

DEVELOPER

major urban residential • commercial, touristic-up to usd350m-strong track record-wide network

Prior to cofounding Vektor IREID Ekaterina served as director of ICM at Ekspres and senior vice president at Alfa. She holds business administration degrees in International Economic Relations and Finance from Finance Academy, Moscow, and National University, San Diego. Vektor specialises in providing full fledged services to foreign investors in real estate in Turkey with 25-50% in unleveraged IRRs. www.crystalpark.biz

CARLA GIANNINI
managing director CREDIT SUISSE

financing • office • retail • residential • hospitality • other real estate • developments • acquisitions • refinancings • see • cee

Carla Giannini is a Managing Director of Credit Suisse, the Real Estate Private Equity business of Credit Suisse, based in London, structuring and executing new principal investments in Europe. Ms Giannini joined Credit Suisse in February 2006 from Invesco Real Estate in London where she was Chief Investment Officer for Continental Europe. Prior to that, she worked at Parkes and Company, which was acquired by Invesco Real Estate, where she managed the European principal and advisory business activities of the firm. Previously, Ms Giannini spent fifteen years at Lend Lease Real Estate as an Executive Vice President and Board Director, and was a founding partner of its predecessor company, the Yarmouth Group.

CREATORS

DAVID GIRAUD
executive manager INOVALIS S.A.

DR WALTER HAMPEL
senior director europe HYPO REAL ESTATE BANK INTERNATIONAL

GLOBAL LENDER

fast decision paths • local experts in local markets • full-service offering • innovative funding solutions • execution certainty

David Giraud graduated from the “Ecole Supérieure de Commerce de Reims”.After a first experience in creating two real estate investment companies, he co-founded Inovalis SA in 1998 he is one of the Executive Managers in charge of the Fund structuring Equity Management and Financial reporting in France and Germany.

Walter Hampel is a Senior Director for Hypo Real Estate Bank International and is currently based in London, dealing with clients active in Central and Eastern Europe. Walter has been involved in the CEE property markets for more than twelve years, involving seven years in Prague between 1995 and 2001, as a real estate lender for Austrian and German banks. Before his move to London, he was Managing Director, Munich Branch for CEE, for Hypo Real Estate. The Hypo Real Estate Group has 25 offices worldwide, 1237 employees and total assets of EUR 168bn.
GROUP

DANIEL HARRIS
head of acquisitions cee MGPA MACQUARIE GLOBAL PROPERTY ADVISORS

ALEKSANDER HETKO
associate WHITE & CASE

private equity fund management • asia and europe • industrial • office • residential • retail and logistics • existing and development

equity investments • acquisitions • construction development • ownership operation • leasing loans • project financing • litigation

LAWYER

Responsible for acquisition evaluation and asset management of assets in central and eastern European regions and logistics in France. He has nine years experience in the real estate sector and has been involved in completing transactions in 12 countries in Western, Central and Eastern Europe. Prior to joining MGPA, Mr. Harris worked for Heitman, a U.S. real estate investment manager, where he was involved in numerous transactions throughout central Europe and was later responsible for acquisitions in a western European Shar’iah Fund. Mr. Harris is a qualified chartered accountant and trained at Andersen structuring pan-European real estate investments, he has a BA (Hons) in History from the University of Leeds.

Aleksander Hetko’’s practice focuses on real estate development and municipal infrastructure. Aleksander has been involved in many projects such as financing and organizing real estate investments, including zoning, construction, expropriation, occupation and related administrative procedures; capital group restructuring; international loan transactions; reprivatization claims and other procedures. Fluent in English, Russian, Italian, French, Spanish and native in Polish.

THOMAS W HOELLER
executive board member PRAMERICA REAL ESTATE INVESTORS (EUROPE) AG

MAARTEN HULSHOFF
former chairman managing board RODAMCO EUROPE NV

Thomas Hoeller is one of the Executive Board Members of Pramerica Real Estate Investors (Europe) AG (formerly TMW Immobilien AG) in Munich. Mr. Hoeller is mainly responsible for Pramerica’s European activities and has been in charge of setting up Pramerica offices in Europe. Mr. Hoeller, an Austrian national, has a BA from the University of Economics in St. Gallen, Switzerland and an MBA in International Studies from the Vienna School of Law and Diplomacy, Austria. He speaks fluent Spanish, French, English and German.

Dutch national, appointed on 1 June 2001. Began his career in 1973 at Océ NV. Joined Citigroup in 1976, holding various general management positions in Europe and Asia from 1982 until 1995. Subsequently, chairman of the managing board of NCM Holding NV and CEO and chairman of the management board of Rabobank International. Member of the supervisory board of TEB NV and member of the advisory board of Euronext NV.

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HARRY IKONOMOPOULOS
managing partner IKONOMOPOULOS & PARTNERS

ANDREW JACKSON
managing director FIRST TITLE INSURANCE PLC

corporate • foreign investment • real estate • development business & commercial law • engaged in Greek & International legal practice

Harris Ikonomopoulos established in 1993 “Ikonomopoulos & Partners” LLP. Has advised and represented as Legal Counsel major international investors. Community work for the Greek Parliament Opposition as legal controller of the Concession Agreement for the Design, Construction, Financing, Maintenance and Operation of several major construction projects in Greece (Rion-Antirion Bridge, Free High-way Elefsina-Spata Airport, “Attiki Odos”). Among other advices, Dolphin Capital Investors Ltd, the Hellenic Republic’s Inter Ministerial Committee of Privatisations, institutional investors a.o. investment and Development in Greece and South East Europe.

Former chairman of the British Chamber of Commerce in Hungary, Andrew Jackson has lived and worked in the CEE region for the past 8 years. Prior to being Chairman Andrew was the managing director of CGS Ltd a financial and insurance brokerage based in Budapest serving the Central European markets. Andrew is now the Managing Director of First Title operations in Central and Eastern Europe and has worked with First Title for the past 4 years as their exclusive agent. In January 2006 due to the success of the relationship First Title Plc formed a full subsidiary in Hungary.

ORHUN KARTAL
board member KAYI REAL ESTATE DEVELOPMENT CO.

DIETER KNITTEL
director europe - structured finance HYPO REAL ESTATE BANK INTERNATIONAL

Investor, Developer, Lender, Construction, Consultant, Real Estate, Offices, Residential, Industrial Building, Shopping Centers, Hotels, Resorts

GLOBAL LENDER

fast decision paths • local experts in local markets • full-service offering • innovative funding solutions • execution certainty

After graduation from Bosphorus University with a degree of civil engineering, Mr. Orhun Kartal started his professional career by founding Kayi Construction (1991). In 2002, with the foundation of Kasa Construction, Mr. Kartal became a member of board of Kasa Construction, which is an international company actively works in Russia. The company’s expertise lies in the fields of housing, business centers, office blocks, industrial buildings, shopping malls and infrastructural construction.

Dieter Knittel was born in 1969. He is graduated from Johannes Gutenberg-University Mainz, Germany. He started his career at HVB Group in Munich, Germany; worked five years for Bank BPH as Head of Credit in Warsaw, Poland. He relocated to Munich in 2002 as Head of Credit CEE for Hypo Real Estate Bank. He moved to the business origination side of the bank in 2005 as Director Europe. Dieter is currently responsible for business origination in Central Eastern Europe. The Hypo Real Estate Group has 25 offices worldwide, 1237 employees and total assets of EUR 168 bn.

GROUP

DOROTA KOBYLECKA
partner LENGIEWICZ WRONSKA BEREZOWSKA & PARTNERS

PETER KOCSIS
deputy ceo WALLIS REAL ESTATE

DEVELOPER

legal analyses • acquisition of real estate • due dilligence • project financing • developers • poland

investment and development • office, retail • logistics services • brokerage • construction • property management

Dorota Kobylecka is Attorney-at-Law since 2003 and Partner of Lengiewicz Wronska Berezowska & Partners since 2007. She completed her legal studies at the University of Adam Mickiewicz in Poznan and the European University Viadrina in Frankfurt by the Odra River (Germany). She has gained her experience working inter alia in German Law Office Pünder and International Law Office Clifford Chance Pünder. Mrs Kobylecka renders legal services to property developers and advises companies in M&A transactions. She has assisted in the transaction of acquisition by a Spanish strategic investors of the biggest construction companies in Poland.

LAWYER

Peter is responsible for new investments and portfolio management. The asset management activity now covers 96,000 sqm office, 43,000 sqm industrial and 26,000 sqm special use space rented altogether by over 130 tenants in 15 properties with total value around EUR 250 million. Peter worked 9 years at UniCredit (formerly HVB) Hungary. When leaving he was responsible for a real estate loan book exceeding EUR 600 million and was board member at Európa Real Estate Fund managing over EUR 145 million in assets.

Wallis Real Estate

CREATORS

HAKAN KODAL
president & ceo KREA REAL ESTATE DEV. & INV. CO.

KAMIL KOSMAN
chairman group real estate ERSTE BANK GROUP

LENDER

Hakan Kodal is the General Manager of Yapi Kredi Koray, a leading REIT listed on the Istanbul Stock Exchange, active in Turkey and Romania. Before joining the company in 1997, Mr. Kodal has worked as Corporate Finance Manager at Garanti Investment Bank, Istanbul, and held various positions at Coopers & Lybrand in Paris, in management consultancy and corporate finance. Founder Chairman of the National Association of Turkish Real Estate Investment Companies (GYODER), he has been Chairman of GYODER between 1998-2002. He is also the Chair of Urban Land Institute (ULI) Turkish District, and ULI European Steering Committee member since June 2003.

Kamil Kosman is the chairman of the real estate group at Erste Bank Group. Prior to that he was Divisional Director of Ceská sporitelna (Erste Bank Group), responsible for real estate lending and all other bank´s activities in the real estate market, including private mortgages. Born in Bratislava, he joined Erste Bank Group in 1997. Under his leadership Ceská sporitelna has become the largest lender in Czech real estate, and started with equity investments in real estate. He is also Chairman of Supervisory Board of the Association for the Real Estate Market Development (ARTN).

MICHAEL KRÖGER
head of intl. re finance northern | central europe LANDESBANK HESSEN-THÜRINGEN

RAMADAN KUMOVA
general manager EROGLU GROUP

residance • office • shopping mall • industrial (ware house) • holiday homes • tr• existing project under development 800 mill usd

Michael Kröger is an educated lawyer and worked as a real estate banker for many years. His responsibilities in Paris, Berlin and Frankfurt included lending to German and international funds, investors and developers. Until recently he was with a German real estate bank and his role was to build up the bank’s HQ-based Nordic Markets team and later a key account management. Since this year he is heading the origination team “Northern and Central Europe” at Landesbank Hessen-Thueringen (“Helaba”) in Frankfurt, Germany.

Ramadan graduated from Bosporus University from Civil Engineering department in 1991.He started his profession in Highway and Dam projects. After consulted many important residential and commercial projects today. He manages more then 8 projects in the field of residential, retail, office and holiday homes development in are of the most rapidly growing development company in TR.

DIMITRI KYRTSIS
managing partner NOVATERRA PROPERTIES

TAVIT KÖLETAVITOGLU
founder & president ATLAS PROJECT & LAND DEVELOPMENT

business parks • retail outlets • ocean front resorts and hotels • greece • serbia • euros 15-200 million

planning & design • land development • project & construction management • consultancy • analysis • residential, mixed-use • hotel & leisure office • shopping mall

Education: Stanford University Economics Department Property experience: Co-management of investment vehicle between Commercial Bank of Greece and private investors in East Europe, summer and winter prime resort developments in Greece. Current business: Managing partner of Novaterra Properties Investment Vehicle Languages: Greek, English, French, Italian.

DEVELOPER

After his graduation from Urban and Regional Planning Dept. of METU, Mr. Köletavitoglu commenced his professional life in public sector. Shifting to the private sector at managerial level he was involved in the management of major development projects (Four Seasons Sultanahmet, Robinson Select Club Maris, Port Göcek), In 1997, he founded Atlas, that is active in land development and project management. In 2001, he was awarded “the Top Manager role in the Management Category” in Year’s Gold Man Contest by the readers of Para Magazine. Atlas is a dynamic company providing services for business development, project and asset management in the real estate sector.

NEW EUROPE GRI

NICHOLAS LAAG
director FORUM PARTNERS

AREF H. LAHHAM
managing director ORION CAPITAL MANAGERS UK LTD

private & public real estate investments securities analysis • investment structuring & capital placement • corporate governance & fiduciary experience

orion’s business is commercial real estate investment management on behalf of major investors from around the world.

INVESTOR

Nicholas Laag, Director. He oversees Northern Europe and CEE countries for Forum’s private equity funds which together total over $2.0 billion in assets. Prior to Forum, Mr. Laag worked with EVV AB in corporate finance that specialized in securitizations and utility acquisitions. Forum specializes in investments in leading and merging listed and private real estate companies. Since its founding in 2002, Forum has invested in over 50 companies in 19 countries in Asia, Europe and North America. Forum seeks to create innovative property investments & financial solutions across the capital structure, from equity, to hybrids, to debt. Forum has over 50 investment professionals based in London, Hong Kong, Singapore, Stamford, Santa Fe, Beijing.

ORION

ORION CAPITAL MANAGERS

Mr. Lahham has 19 years of real estate investment and prior to forming Orion, he was with LaSalle Partners where he was a key leader in the development of LaSalle’s European operations in the early 90’s. He opened LaSalle’s office in Paris in 1994 being head of LaSalle’s investment and corporate activities in France until 1999. In 1999, Mr Lahham founded Orion Capital Managers with Mr Bossom and Mr Stults. He leads the acquisition activities of the Orion Funds in Europe and has been responsible for over Euro 2 billion of property acquisitions throughout Europe. Mr. Lahham has an M.B.A. from INSEAD in France, a M.Eng in Civil Engineering from Cornell University and a B.Sc. in Civil Engineering from Purdue University.

MARKUS LEHTO
partner URBANISTA INTERNATIONAL INC.

MARKUS J LEININGER
head of corporate banking northern & cee EUROHYPO AG

360o property solutions - Mixed use - luxury retail / residential / touristic - Istanbul – Turkish coast, Europe & ME

Markus Lehto is Managing Partner of Urbanista International Ltd., a new development, investment, and consultancy company working in the European and Middle Eastern markets with a primary focus on Turkey. From 2003 to September 2007, Markus was the Managing Director of Kanyon, an award winning mixed-use landmark development in Istanbul. Before Kanyon, he was a Consultant and subsequently Marketing Manager for ISGYO, Turkey’s leading REIT from 2000 onwards. Before arriving to Turkey in 1999, Markus was an Analyst at ING Barings, New York, and earned a BA in Law and an MA in International Relations. Markus is Canadian, married, and father to a new son.

Markus joined Rheinhyp in 1995 and started his career in the International Property Lending Department (UK, Netherlands, Scandinavia). In mid-1997 he took over responsibility setting up the Central European Property Lending Division. After opening offices in Poland, Czech Republic, Hungary, he managed a team, which concentrates on financing of all types of large commercial properties (Retail, Offices, Hotels & Distribution Warehouses) in the region. In 2001 he was managing the set-up process of Rheinhyp’s operations in North America. After EUROHYPO’s merger which took place in September 2002, he was heading the CEE Property Lending Division. Since July 2007 he is responsible for EUROHYPO’s lending business in CEE, Nordic Countries, Netherlands.

ANNA LENGIEWICZ
partner LENGIEWICZ WRONSKA BEREZOWSKA & PARTNERS

MAXENCE LIAGRE
evp, commercial projects KREA REAL ESTATE DEV. & INV. CO.

legal analyses • acquisition of real estate • due dilligence • project financing • developers • poland

Anna Lengiewicz is Attorney-at-Law since 1994 and a member of the District Chamber of Attorneys-at-Law in Warsaw. She is the managing partner of Law Office Lengiewicz Wronska Berezowska & Partners, established 10 years ago. With more than 15 years of legal practice, Mrs Lengiewicz advises Polish and international property developers, investment funds and property companies in real estate transactions, construction contracts and planning developments. She had assisted in establishing and developing in Poland presence of many foreign companies. In last 4 years she was involved in acquisition transactions of over EUR 1,2 billion.

LAWYER

Born in 1971 in Paris, France. Bachelor degree in Economy. 2 years of law studies in Paris X Nanterre University, ISG world management program and world tour of internship/training in Japan, USA, Vietnam, Korea, Taiwan and India. 12 years of experience in shopping center development, leasing and management in Turkey. Managed 12 Carrefour shopping centers and currently Executive Vice President in Krea Real Estate and headed Krea’s subcidiary REVAL (Retail Value), which is a service provider covering a full range of activities in retail real estate, including shop-mix, concept design, asset management, shopping center management, marketing, leasing, customer relations and advisory services, also provide services to other companies besides Krea.

CREATORS

THEODORE (“TED”) LIEBMAN
principal PERKINS EASTMAN ARCHITECTS

GEORGE MANTZAVINATOS
manager real estate division EUROBANK PROPERTY

healthcare • hospitality • education • housing • mixed-use • urban planning and design • corporate interiors

Theodore Liebman, FAIA, is a Principal at Perkins Eastman, the largest architecture firm in New York and one of the ten largest firms in the US. His career spans 40 years directing the design of housing and large scale urban projects worldwide. He received a B.Arch. from Pratt Institute and an M.Arch. from Harvard University and was awarded the Rome Prize Fellowship in Architecture. He was a principal of The Liebman Melting Partnership from 1979 to 2007, where he focused on housing and mixed-use projects in the US and Eastern Europe.

SANTIAGO MAS MARINEZ
director area poland ACCIONA NIERUCHOMOSCI

Santiago Mas Martinez has been a Member of the Management Board and a Director Area Poland for over 2 years. From 1997 until 2005, working for Necso, currently Acciona, as a Project Manager in International Department, he was responsible for the construction realization of a hospital. In a polish real estate market, he represents interests of the ACCIONA Inmobiliaria, one of the leaders in construction sector in Spain involved in developing according to established eco-efficacy and sustainability criterias. He controls over company activity and supervises its growth as well cooperates with many global companies that take an active part in a building industry.

LEO MOROZOV
director IMMOEAST AG

Leo Morozov combines experience in real estate acquired during his time with Immoeast with a profound understanding of Central and Eastern European markets accumulated during his years as a fund manager and investment banker. At Immoeast he has been responsible for some high-profile projects in Romania, Serbia, Turkey, Russia, Ukraine and Poland, not to mention some smaller markets.

A&E INVESTOR INVESTOR

Manager of the International Real Estate Division of Eurobank Property Services S.A. since 2005, responsible for the four real estate subsidiary companies in Central and South Europe in which he has the positions of Chief Executive Officer and Managing Director respectively. He also has since 1999 under his supervision the property services division for Greece that offers a wide range of services, covering all aspects of real estate area including all real estate investments of Eurobank Property Services, too. Prior to that, from 1988 till 1999, he deal with several projects, working in construction or other real estate companies. He holds a degree in Surveying from the National Technical University of Athens (Metsovio).

OBIE L MOORE
managing partner SALANS

property developer • residential development • office market • house building • poland

Managing Partner of the Bucharest office at SALANS. Although based in Bucharest for 15 years, Mr. Moore has over 25 years of professional corporate law experience that includes acting as lead attorney in groundbreaking transactions in Romania and throughout Southeast Europe. Mr. Moore specialises in advising on cross-border corporate M&A, private equity finance, capital markets transactions across sectors including energy/power, building materials, banks, consumer goods and beverages, insurance, and pharmaceuticals. He is quoted as the leading or recommended attorney for Romania by publications such as the European Legal 500, Chambers Guide to the World’s Leading Lawyers, and PLC Which Lawyer.

MONA MUSAT
partner MUSAT & ASSOCIATII

largest institutional real estate investor in CEE • commercial and residential projects

Mrs. Musat is Partner at Musat & Asociatii, a name that stands for a high level of expertise and experience in business matters. She has experience in assisting clients on real estate acquisitions for property development and sales and has advised on green-field projects from hotels to residential and commercial constructions. Mona Musat has advised major international corporations doing business in Romania, as well as a wide range of national clients and public authorities among which it can be mentioned Generali Immobilien AG, Equest Partners Limited, the Office for State Ownership and Privatization in Industry, the Ministry of Economy and Resources.

NEW EUROPE GRI

FRANZ LUCIEN MÖRSDORF
managing director DEKA IMMOBILIEN GMBH

CHRISTIAN NICKELS-TESKE
director re structured finance AAREAL BANK AG

approx. 250 properties in germany and elsewhere representing a total investment volume of 12,2 billion euros (as of april 30, 2007)

international property finance expertise • across three continents • europe, north america • asia/pacific • tailor-made financing solutions

Franz Lucien Mörsdorf (47) has been a member of the Board of Directors of Deka Immobilien Investment GmbH since January 2007. The DekaBank Group is the largest provider of open property funds in Germany. The two capital investment companies Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH jointly manage assets of about 17 billion Euro. Deka Immobilien GmbH, an associated company, is responsible for the purchase and sale of property, for the management of these assets and all further property services. The three companies jointly with DekaBank’s property finance form the Group sector Asset Management Immobilien (AMI).

DOUGLAS NOBLE
director warsaw ORCO PROPERTY GROUP

Douglas John Noble has 10 years of experience in the real estate market, with a background of Project Management and Quantity Surveying. Prior to joining the Orco Property Group team, he held the position of Senior Associate Partner with global construction consultancy, Gardiner & Theobald LLP, active in Czech Republic and Romania. Prior to this, Mr. Noble practiced as a Chartered Surveyor in London with AYH plc. Mr. Noble is a Member of the Royal Institution of Chartered Surveyors. He holds Bachelor of Science degree from the Robert Gordon University in Aberdeen.

DOGAN OKSUM
ceo & founder GENEL YAPI A.S.

Dogan Oksum (37) is a graduate of Robert College and Bosphorus University. He is a Civil Engineer and has been in land development and construction business since 1992. He served on board of Robert College Alumni for 10 years and was the president in 2003 and 2004. He has established connections with the local governments, real estate associations, real estate brokers, architects, developers and other real estate service providers. The key strengths of Genel Yapi A.S. team are its depth of experience with 15 years of specific experience in real estate development and its strong business development ability.

INVESTOR

Mr. Nickels-Teske is Director of Logistics Finance and Real Estate Structured Finance at Aareal Bank AG, based in Germany and is responsible for the operations of the Logistics Finance group’s international lending activities. He has extensive experience in single country portfolio and cross-border (Pan-European) facility structuring and has also participated in the structuring of mortgage loans for investors guided by the principles of Sharia-compliant investing. Prior to this, he originated loans and arranged structured debt facilities in the United States and Canada for Aareal Bank AG for various real estate assets including hotels and shopping ventures.

DAVID O’HARA
general director DTZ MOSCOW

General Director Born on May 22 1963 in New York, USA. Graduated from University of Texas. MA and MBA - UT. 2001-2002 - CMI Development, financial director; 2002-2004 - Cushman & Wakefield Stiles & Riabokobylko, executive director; 2004-2005 - AIG/Lincoln, Development director.

ALI OTMAR
vice president MERRILL LYNCH INTERNATIONAL

LENDER

retail brokerage • office brokerage • land and industrial • investment • development consultancy • valuation

high-end residential • urban residential • sub-urban villas • building renovation • regeneration • second home • senior home • commercial • turkey

Mr. Otmar is a Vice President responsible for origination and execution in Turkey, Russia and Germany. Prior to GPI, Mr. Otmar was at Citigroup where he was responsible for execution of real estate transactions of over 10 billion. GPI, the real estate principal investment arm of Merrill Lynch, has a long history of investing the Firm’s capital in European real estate transactions. Between 2002 and 2006, GPI has invested over 2.2 billion of capital throughout Europe with 8.8 billion transaction value.

CREATORS

ERK OZBELGE
director turkey DOGUS- GE REAL ESTATE

IBRAHIM PAKSOY
ceo ANCHOR GROUP S.A.

retail • office • residential • logistics • acquisitions and development • cee

real estate development • property management • project management • ceo • romania • 890.000 sqm developments

INVESTOR

Erk has been Director of GE Real Estate’s activities in Turkey since May 2007. Prior to this role he was based in GE Real Estate’s global headquarters in Stamford, CT as an Investments Manager responsible for new product and new markets development in North America and Asia. Erk is a CPA and holds a degree in Business Administration from Bilkent University and an MBA from Comubia Business School. GE Real Estate conducts its activities in Turkey through Dogus-GE REIT, a public REIT jointly held by GE and Dogus Group of Turkey.

Ibrahim PAKSOY has worked for FIBA Group’s banking operations in The Netherlands, Germany and Russia for 8 years in various managerial positions prior to his assignment to the group’s real estate operations in 2004. Ibrahim was involved in various shopping center, business center and residential compound development projects covering a wide range of activities including concept development, debt financing and property management. Ibrahim holds a master degree in International Business Management and bachelor degree in Economics and fluent in English. Anchor Grup is one of the leading real estate development company in Romania, incorporated in 1997 by Fiba Group.

ALEXANDER (“ALEX”) PAPAGEORGIOU
managing director ASSOS CAPITAL

CHRISTIAN PARVAN
WESTDEUTSCHE IMMOBILIENBANK AG

financing of office • retail • logistic and business hotels in poland • czech and slovak republic • hungary • bulgaria and romania

LENDER

Alex is Co-founder and CEO of Assos Capital. Based in Athens, Greece, he is responsible for the overall development and investment activities in commercial real estate in the CEE. Prior to this he was CFO of Golden Energy Marine Corp., an international shipping company. He has extensive experience in investment banking, capital markets and asset management having worked most recently as a Director at Citigroup before which he worked at Morgan Stanley and J.P. Morgan in London. Alex holds an MSc in Shipping Trade and Finance from City University Business School in London.

Christian Parvan is a Director within the CEE Real Estate Team of Westdeutsche ImmobilienBank AG. Christian holds a degree in Real Estate Management from the University of Applied Sciences in Geislingen/Nürtingen and started his banking carreer at Eurohypo AG. Westdeutsche ImmobilienBank AG is solely specialised on commercial real estate lending in the US, APAC and Continental and Central Europe.

RODNEY PEREIRA
head of intl. acquisitions EUROPEAN INVESTORS

JORGE PEREZ DE LEZA
managing director cee GRUPO LAR

Rodney Pereira is Head of International Acquisitions for Industrial Securities Management. Here he is responsible for building up the European real estate portfolios of the company and rolling out their international acquisitions platform. Prior to joining Industrial Securities, Rodney was a Director at PME Investments and held a variety of positions at DTZ International, including Chief Operating Officer of DTZ Iberica. Rodney holds a Master degree in European Property Development an Planning from UCL and an MBA from Instituto de Empresa.

Jorge P. de Leza is Managing Director Central & Eastern Europe of Spanish real estate developer Grupo Lar. Mr. de Leza is responsible for all Grupo Lar’s development and investment activities in the region, currently with investments in Poland, Romania and Hungary. Mr. de Leza holds and MS degree in Industrial Engineering and an MBA from the Harvard Business School.

NEW EUROPE GRI

JÉRÔME PEYRARD
director re & expansion CORA

ROSEN PLEVNELIEV
general manager BUSINESS PARK SOFIA EOOD

Jérôme Peyrard is Director for Real Estate and Expansion of Cora where he is managing company’s operations in Central Europe. As such, he is responsible for assets management and the identification, valuation, and consummation of all new investments in the region, with a particular concentration in Hungary, Romania, and Serbia. Prior to joining Louis Delhaize Group, he held previous directorships throughout Western Europe with other companies including Multi Corporation, Jones Lang LaSalle. In addition, Jérôme post-gratuated in Property from La Sorbonne University of Paris.

Rosen Plevneliev has wide experience at managing positions in the construction and real estate investment field in Bulgaria and in Germany for over 15 years. 1999 he founded the company “Business Park Sofia” EOOD, the biggest privately financed real estate project in Bulgaria. “Business Park Sofia” EOOD developed to the ultimate business address in the country. The company received a First Class Investment Certificate from the government of the Republic of Bulgaria in November 2004 for its project “Sofia Park”.

STEPHEN PRAGNELL
group director intl relations APSYS POLSKA SP.Z O.O.

DEJAN RACIC
ceo DELTA INVEST

investor • developer • manager • retail and leisure centers • urban regeneration • france • poland and the cee

Stephen started his Retail Real Estate career with Jones Lang LaSalle as Asset manager and retail consultant for Adia, DGI, EuroCommercial etc. In 2002, Stephen became General Manager of Apsys Polska managing 16 major Shopping centres for institutional investors (GE, Heitman, Dawnay Day, Pradera…), and developments such as Manufaktura in Lodz, one of Europe’s largest urbanregeneration retail/leisure projects. In France, Apsys heads 14 active developments, and the group is also present in Russia, Ukraine and Bulgaria. Stephen is now Group Director for International Relations, Chairman of the ICSC European Awards jury and President of the Polish Council of Shopping Centres.

Dejan Racic, born in Belgrad. First work experience obtained in Dubai, since 1995 he has been holding important positions within Delta M group, the largest private company in Serbia. Since 2000, as the Director of Delta Invest, he managed development, construction and reconstruction projects for various buildings in retail sector, bank and insurance branch offices, and automobile and logistic centers used by the members of Delta Holding. Delta Real Estate is one of the leading developers and investors in real estate in Serbia and Montenegro. Dejan is responsible for strategic planning and business expansion all over the Balkans. His portfolio of operations retail, business, hotel and housing projects.

LEOPOLD REYMAIER
senior vice president HSH NORDBANK AG

ARDI ROOSIMAA
md estonia COLLIERS INTERNATIONAL

Leopold Reymaier joined HSH Nordbank in Hamburg as Senior Vice President in 2007. In his position as Senior Key Account Manager he is responsible for originating loans and providing the full range of services related to Real Estate HSH Nordbank offers to international Investors. Prior to joining HSH Nordbank he worked for Bank Austria Creditanstalt where he focused on real estate financing transactions in Central and Eastern Europe. Leopold graduated from University of Vienna and holds a degree in international business adminsitration.

Ardi is the Managing Director of Colliers International in Estonia. Being in charge of expansion and operations in Estonia He also is the Director of Capital Advisory for all Baltic States. Before joining Colliers, Ardi worked as Director of Property Management in OberHaus Real Estate co, managing one of the biggest retail portfolios in Estonia. Ardi has worked as General Manager of the Estonian Rep. Office of Parex Bank (one of the largest privately held banks in Baltics). He holds a BA in Law.

CREATORS

ANDREAS ROTH
director europe HYPO REAL ESTATE BANK INTERNATIONAL

MARTIN SABELKO
ceo central and eastern europe ING REIM CEE

FUND MANAGEMENT

fast decision paths • local experts in local markets • full-service offering • innovative funding solutions • execution certainty

Andreas Roth has 20 years experience in the real estate financing sector, having worked mainly for Vereinsbank and HypoVereinsbank in various positions. Currently he is working in the Munich team of Hypo Real Estate Bank International and looking after international clients investing in the Central Eastern European countries and Switzerland. Andreas Roth studied economics at the university of Regensburg. The Hypo Real Estate Group has 25 offices worldwide, 1237 employees and total assets of EUR 168bn.

Martin Sabelko is the CEO of ING REIM CE with responsibility for the entire region. He holds a Master degree in Law at the University of Vienna. Martin has been working in the CE region since 1986 focused on the development of office buildings and shopping centres. Before joining ING REIM he was founding member of Immoconsult, board member of Universale and DTZ. In the late 1990’s he managed a CEE property fund out of Prague where he again returned. Since 2001 Martin is a member of the Scientific Advisory Board, Danube University Austria for Real Estate.

GROUP

FERNANDO SALAZAR
head of corporate banking southern europe EUROHYPO AG

SERGEY SAVENKOV
general director PALLADA-INVEST LLC.

Mr. Fernando Salazar, born in 1962, is Economist and has worked for major Spanish banks before RHEINHYP, later merged into the Eurohypo, where he is today responsible as Head of Southern Europe for Corporate and Investment Banking. In Spain, Italy, Greece, Portugal and Turkey Eurohypo is providing commercial property lending products.

Since 1996 Sergey was head of a regional telecommunication joint-stock company “ATS” in Tver. Worked as a deputy financial and commercial officer of the telecommunication public corporation “Electrosvyaz” in Tver region. Since 2003 president of the corporation “ATS”. Since 2005 general director of the development company “Pallada-Invest” which is now building a shopping & entertainment center of more than 60 000 sq.m GLA in Tver.

DR HOLGER SCHMIEDING
chief european economist BANK OF AMERICA

SKIP SCHWARTZ
svp-acquisitions HEITMAN

Dr Holger Schmieding is Managing Director and Head of European Economics at Bank of America in London. Before he worked as Senior Strategist and Chief Economist for Continental Europe at Merrill Lynch (1994-2001) in Frankfurt/London, as Senior Economist at the IMF in Washington, DC (1993) and as Assistant to the President at the Kiel Institute of World Economics (1986-1992) in Kiel, Germany. In 2006, the Financial Times Deutschland placed Holger Schmieding as # 3 among 52 forecasters for the proven accuracy of his German forecasts over many years. He holds a doctorate in economics from Kiel University, having studied economics at the University of Munich (1978-80), the London School of Economics (1980-81) and the University of Kiel (1981-84).

Skip is responsible for the sourcing and underwriting of new real estate investments and developing new business across Europe. He has been involved in approximately Euro 1 billion of investment, joint venture and development transactions across Central Europe and Germany, and was involved in approximately $450 million of equity transactions during his five years in the U.S. Skip received a BA in International Relations, and an MA in Organizational Behavior from Stanford University.

NEW EUROPE GRI

DR LUDEK SEKYRA
chairman of the board SEKYRA GROUP AS

SURINDER SINGH SETH
head of representative office INVESTKREDIT BANK AG

Dr. Ludek Sekyra is a Chairman of the Board of Directors of Sekyra Group, a.s, the largest real-estate group in the Czech Republic. He studied at the Faculty of Law of Charles University where he also taught for a short time as a specialist in politics and jurisprudence. Before he founded Sekyra Group in 1996 he became a partner at Bakes & Sekyra attorneys office. Sekyra Group is the largest real estate company in the Czech Republic with an annual investment volume of appx. Euro 300 million. The principal areas of business activity are real estate development, investment and investment management. SG plans to invest 1 billion EUR in new projects between 2007 and 2010. Active in Russia, Ukraine, Slovakia, Romania, Croatia & Poland.

CHRISTOPHER M. SHONN
managing partner NAI PROPERTY PARTNERS

Christopher Shonn has worked in real estate industry of Central & Eastern Europe for thirteen years as a real estate agent, consultant, manager and developer. Mr. Shonn has acted as an entrepreneur in Romanian since 2001. He is the Founder of NAI Property Partners, a real estate consultancy and is a Principle in Odessa Investments, a fund management company.

GABOR SOMOGYI
head of international real estate finance BANK AUSTRIA CREDITANSTALT

Gabor Somogyi joined Bank Austria Creditanstalt in 2004 and is Head of International Real Estate Finance. Within Unicredit Group, Europes 9th largest bank, this department structurs and commits debt financing for mainly commercial real estate transactions (mid and large size) for international clients investing in CEE/SEE, Russia, the Ukraine and Turkey. Gabor has been in the real estate business for more than 10 years and holds a degree in Real Estate Economics.

PROPERTY COMPANY

commercial • residential development • ppp projects • cee • russia •croatia • romania • eur 300 million annual volume of investment

Surinder Singh Seth is the Head of Real Estate Finance for Czech Republic of Investkredit Bank AG since beginning of the year. He has worked in the bank´s Viennas headquarters since 2003. Before he joined Investkredit he worked for Immoconsult Leasing Gesellschaft m.b.H. Seth graduated from the University of Law in Vienna in Vienna and has been dealing with real estate finance transactions for 5 years.

CSABA SITERY
head of team see EUROHYPO AG

Csaba Sitery studied economics in Dresden. He started his banking career in 1992, at Deutsche Bank. After a trainee-program, he worked in the corporate banking division in Koblenz, Trier, Frankfurt and Budapest. After a year at HypoVereinsbank Hungary, he returned to Frankfurt in 1999 and joined Rheinhyp, where he became responsible for Hungary. In January 2005 he has been appointed Head of Team South-East Europe at Eurohypo, being responsible for the Austrian, Czech, Hungarian, Slovak, Slovenian, Romanian, and Bulgarian markets.

NICHOLAS SPIRO
cee capital markets research director DTZ

Nicholas Spiro joined DTZ in June 2006 as Director of Central and East European Capital Markets Research, based in the firm’s Warsaw office. Prior to this, he was a financial journalist, writing for prestigious titles such as The Economist, the Financial Times and The Banker. He also worked for Medley Global Advisors, a New Yorkbased investment advisory firm, as a central European macro-political consultant.

CREATORS

CSABA H. SPOTTLE
cee acquisitions manager PRAMERICA REAL ESTATE INVESTORS

VAN J STULTS
managing director ORION CAPITAL MANAGERS

offices • retail • warehouses • distribution centres • hotels • portfolios •developments • euro 50 - 500 million • europe

Csaba Spottle is the acquisition manager Central & Eastern Europe for Pramerica Real Estate Investors. He has more than 25 years of Real Estate Experience in the European and American Markets. He holds an MBA in International Business/Management from New York University. Graduate School of Business Administration, and a Bachelor of Science degree in Contracting and Construction Management from Syracuse University.

Van Stults is a Managing Director and founding Partner of Orion Capital Managers, an international real estate private equity investment firm. Orion has sponsored three Funds with over Euro 5 billion of investment capacity, targeting a wide range of real estate investments throughout Europe. Prior to forming Orion Capital Managers, Van spent 15 years with LaSalle Partners where he was a main Board Member and a Managing Director.

ORION

ORION CAPITAL MANAGERS

HALUK SUR
ceo IHLAS REAL ESTATE DEVELOPMENT AND INVESTMENT INC.

HARIN THAKER
ceo europe, middle east & india HYPO REAL ESTATE BANK INTERNATIONAL

GLOBAL LENDER

fast decision paths • local experts in local markets • full-service offering • Innovative funding solutions • execution certainty

Haluk Sur holds a Degree in Civil Engineering and MSc Degree in Environmental Engineering from Bosphorus University. After studying Environmental Engineering at University of Washington he worked as a consultant engineer at NATO Infrastructure Department. Prior to founding Yapi Teknik Construction Company in 1986, he worked in Saudi Arabia as a Project Manager. Haluk joined Ihlas Holding’s as Executive Director for Housing, Land Development, Industrial and Commercial Construction Projects in 1992 and was appointed President and CEO of Ihlas REIT, becoming its General Manager until the acquisition by Yesil & Younes (2006). He is the member of ULI, NAREIT and founder member of GYODER, being Vice Chairman and Chairman between 2004-2006.

Harin Thaker is CEO - Europe, Middle East & India, at Hypo Real Estate Bank International (HREBI). Harin leads the European franchise. The European Platform has 170 personnel providing Real Estate financing solutions across Western and Central Eastern European Countries including now Russia, Turkey, Middle East and India. Harin has spent over 14 years at the Bank and was instrumental in spearheading the banks Investment Banking activities and the launch of the very successful European franchise.The Hypo Real Estate Group has 25 offices worldwide, 1237 employees and total assets of EUR 168bn.
GR OUP

LEE TIMMINS
senior vice president HINES

GREG TOBIAS
managing partner OCEAN ATLANTIC INTERNATIONAL

After joining Hines in 1988, Lee Timmins worked for a number of years in the southwest United States developing office and mixeduse projects. In 1993, he relocated to Moscow, Russia and was responsible for Hines’ first joint venture in Eastern Europe. Since 1993 he has developed, invested in and managed more than $1.5 billion of real estate, including the 50,000 square meter Ducat Place III office development, the 145,000 square meter LogoPark logistics park, and the 60,000 square-meter mixed-use complex Park Place Moscow.

Mr. Greg Tobias is the Managing Partner of Ocean Atlantic International, a US based mixed-use, residential development group expanding into ex-Yugoslavian countries of Slovenia, Croatia and Serbia. Greg has managed the development process for over 2.5 million square feet of urban in-fill and regeneration projects with particular attention to sustainable development and transit-orienteddesign. Greg is a graduate from the Harvard Business School and currently resides in Ljubljana, Slovenia.

NEW EUROPE GRI

GEORGE V. TOLIS
director DIMAND REAL ESTATE

CANSEL TURGUT YAZICI
general manager TSKB REAL ESTATE APPRAISAL

George V. Tolis is the Managing Director of the Greek developer firm, Panhol Group. George has been involved in the Balkan real estate since 1999 through his firm GETROM SRL, based in Bucharest Romania, a real estate consulting firm focussing on research, feasibility studies and investment consulting. George has a Master’s Degree in Materials Engineering from SUNY New York, a Physics degree from Aristotle University, Greece and a Diploma in Training and Development, London. He has been in the real estate sector since 1992 and has worked in various managerial positions in Greece for McDonalds Greece, Nissan etc.

Cansel Yazici operates in various fields of the real estate industry. She has worked with international companies, such as McDonald’s and Metro Asset Management. Ms Yazici is the General Manager of TSKB Real Estate Appraisal Company, the leading real estate valuation and consultancy company in Turkey, since its inception. Although the company was founded, and received its license, only five years ago, it has become to be known a company that advises several renown real estate investors and funds in Turkey and worldwide. Ms Yazici, who has a degree in industrial engineering, also chairman of the Turkish Licensed Valuation Companies Association. She holds the Certified Real Estate Appraiser License.

MACIEJ TUSZYNSKI
executive director WESTDEUTSCHE IMMOBILIENBANK AG

REMCO VAN DER KROFT
partner DOMANSKI ZAKRZEWSKI PALINKA SP. K.

financing of office • retail • logistic and business hotels in poland • czech and slovak republic • hungary • bulgaria and romania

Maciej is a Managing Director and Head of the Real Estate Finance Poland. He has more than 10 years experience in Banking including 4 years in the Real Estate Industry. Maciej holds a degree in International Trade from the Warsaw School of Economics and masters degree in Law form University of Warsaw. Westdeutsche ImmobilienBank AG is solely specialized in commercial real estate lending in the US, APAC and Continental and Central Europe.

LUURT A.S. VAN DER PLOEG
cfo MULTI DEVELOPMENT BV

CFO of Multi Corporation BV. Multi Corporation is a leading company in Europe in the field of developing, owning and operating shopping centres, offices and mixed-use projects through its subsidiaries Multi Development, Multi Investment, Multi Asset Management and Multi Mall Management. Multi is active in more than 20 European countries and has branches in 17 cities. Mr Van der Ploeg is a member of NIVRA, the Dutch Institute for Certified Public Accountants, a member of the VRC, the Association of Certified Controllers and a member of the Controllers Institute. Multi Corporation comprises a group of companies carrying out various disciplines throughout Europe in property development, investment, asset management and mall management.

LENDER

Remco joined Domanski Zakrzewski Palinka LP in February 2007. He specializes in real estate transactions, regulations on shopping centre operations, and also mergers and acquisitions. Before that he was a Board member of a French shopping centre management and development company in Poland. At DZP Remco is responsible for real estate/legal support for foreign investors in Poland and Polish businesses abroad. Remco has practiced as a lawyer in Paris, Warsaw, Chicago and Rotterdam. He participated in the acquisition and sale of shopping centres and other real estate transactions. Remco was an advisor on cross border sales/acquisitions across many sectors and has advised in some of the largest privatizations in the Netherlands and Romania.

RICHARD VAN OVOST
director international re MN SERVICES INVESTMENT MANAGEMENT

euro 58 billion aum • results-focused support • involvement • transparancy • pension administration • managing assets

Richard van Ovost has been active in real estate investments for 20 years. He joined Mn Services in 2005 and is responsible for all real estate investments worldwide, both listed and non-listed, with the exception of the Dutch portfolio. The international portfolio is divided into three regions: the Americas, Europe and Asia/Pacific. Richard holds a Master’s degree in Architecture from Delft University, a Master’s degree in Real Estate of the University of Amsterdam and is a Fellow of the Royal Institution of Chartered Surveyors.

INVESTOR

CREATORS

TONY VASISHTA
international development director MCARTHURGLEN

ALAN VINCENT
managing director CONVERGEN-CE

Tony Vasishta, International Development Director, is helping to drive McArthurGlen’s international expansion strategy, not only within the outlet sector but also into new channels and territories, both in Europe and further afield. Tony has over 20 years’ experience in the procurement and property industry for Woolworths plc, TK Maxx, Boots Properties plc and, most recently, as Development Director at Tesco and is a regular contributor to the Retail and Property press. Tony has a Masters degree in Construction Management Science, a Postgrad. diploma in Strategic Marketing from Stanford University and a diploma in Strategic Marketing from Templeton College, Oxford.

Alan Vincent established his own investment and development company, Convergence Capital, in 2004 and is currently developing a 20,000sqm office building in Budapest and a 12,500sqm office building in Bratislava with a combined value of Euro 60m. A Board Member of the Hungarian Association of Chartered Surveyors, he was a founder and Director of Richard Ellis International real estate consultants in Vienna (1991) and Budapest (1994), where he advised many international banks, investors and developers. Also a co-founder of AIG/Lincoln in Hungary (1998) he developed the IBM & Hewlett Packard HQ, M1 Business Park, Airport Business Park and the landmark Alkotás Point office building in Budapest,totaling in excess of Euro 150m.

STEVEN WAYNE
ceo JENSEN GROUP

RICHARD WEBERBERGER
managing director HENDERSON GLOBAL INVESTORS

$100 mln. investment fund • investments into russian real estate • large development projects

Steven Wayne founded Jensen Group in 1992. He is currently CEO of Jensen Group and PGI Group, its parent company. He has 16 years of investment experience in Russia, having successfully started three businesses in the country. Prior to moving to Russia in 1991, Steven worked in the New York and London offices of Morgan Stanley in its Corporate Finance and Real Estate Finance Departments. He graduated from Deerfield Academy and Harvard College. Jensen Group focuses on the purchase and development of new properties and land and the redevelopment of existing assets in and around St. Petersburg

Richard Weberberger heads up the Vienna office, where he is Head of Property Investment, Austria. Richard also initiates and will lead the screening of opportunities in Central and Eastern Europe. Previously Richard worked for LaSalle Investment Management in London and ImmoEast/ImmoFinanz in Vienna, where he structured and co-chaired an institutional Central European Property Fund. Richard holds a master from Harvard University as well as one from Vienna Tech and he is a chartered management consultant.

DR CHRISTINA WEISS
executive vice president MFI MANAGEMENT FÜR IMMOBILIEN AG

TIM WILKINSON
managing director DTZ ECHINOX

inner-city shopping centres • germany; at present • 25 properties under management • construction/preparation • real estate volume: approx. euro 3.9 billion

capital markets • occupier and developer • professional advisory services • valuation • consulting and research

Dr. Christina Weiss is Member of the Executive Board of mfi Management für Immobilien AG one of the leading German shopping centre developers and operators. She finished her studies at the University of Illinois, US, and at the Humboldt University of Berlin, Germany, by earning a PhD in International Management and Economics. After more than 10 years of experience in different positions inside the real estate sector, she is now responsible at mfi AG for Controlling, Organisation, HR and has a today’s focus on International Expansion. mfi AG is one of the leading developers and operators of inner-city shopping centres.

DEVELOPER

Tim Wilkinson is the Managing Director of the international property advisers, DTZ Echinox. As a qualified surveyor with a degree in Real Estate Management, Tim has previously worked in Budapest, Warsaw and London for DTZ. Tim has developed strong relationships in the region since his first position in CEE in Warsaw in 1999. Following a period in the London office in the Retail Property Management department, he returned in Hungary where his focus was on the office market. DTZ is a global real estate adviser, working with clients to create leading-edge property, investment and business solutions worldwide.

ADVISOR

NEW EUROPE GRI

KARL WILSON
general manager cee & russia AAREAL BANK

JEAN-BERNARD WURM
managing director LANDAMERICA (EUROPE)

international property finance expertise • across three continents • europe • north america • asia/pacific • tailor-made financing solutions

Karl Wilson is the General Manager of Aareal’s operations in CEE region and Russia, where the Group has been active for 10 years being involved in both project development financing and medium to long term investment financing in most real estate categories. Prior to joining Aareal, Karl managed the Corporate Finance Real Estate Group of PwC in Central Eastern Europe, and as such has a deep understanding of the Regional markets . Before moving to Central Europe, Karl worked in both Frankfurt and London in Real Estate Banking. Karl holds a degree in Estate Management from Trinity College Dublin, Ireland. Aareal Bank has offices in Warsaw & Prague and are setting up a office in Moscow.

ERTUG YASAR
general manager HAN YAPI PROPERTIES INC.

Han Yapi Properties is a project management and real estate development company. The core functions are gathered in the company while most of the other functions are subcontracted to the most efficient expert companies. The company is specialized in developing new lands in Istanbul and in other parts of the country; designing the architectural plans; preparing marketing and sales channels; and managing the project. The main goal of Han Yapi is constructing affordable houses for C up to A+ income groups. The First HAN Yapi Project is being realized for A, B1, B2 income groups in Beylikdüzü (Istanbul) with 1700 flats. The company is based in Istanbul.

CHRISTOPHER (“CHRIS”) ZEUNER
director of business development GE REAL ESTATE

Christopher Zeuner joined GE in 2004, and was originally based in Warsaw, Poland. He was focused on growing GE Real Estate’s office in Poland and on acquisitions across central and eastern Europe. In December 2006, Christopher moved to Prague, Czech Republic, to head GE Real Estate’s origination and business development team in the region, including Turkey. Since joining GE, Christopher has actively participated in over EUR 1.5 Bn of transactions. Prior to joining GE Christopher was head of Cushman & Wakefield’s capital markets team in Poland.

LENDER PROPERTY COMPANY

Mr. Wurm is responsible for LandAm’s title insurance business in Europe, a $15bn market in the US. He has 20+ years experience in US and European real estate investment. Previously, he was Managing Director of Jargonnant, a Munich-based opportunity fund. His career began with JP Morgan Paris, Frankfurt and New York. As Managing Director of HVB Capital NYC, he built a real estate portfolio of $1.4bn. He graduated, with honors, from Sciences-Po, Paris, and The Sorbonne.

ALVYDAS ZABOLIS
managing partner ZABOLIS IR PARTNERIAI UAB

residential (elite, middle class) • secondary houses • mixed use • residences • shopping malls • retail • Turkey • US$ 10 - 500 million • development

Alvydas Zabolis is a founder and a managing partner of a well recognized Lithuanian investment banking Services Company ‘Zabolis ir Partneriai’. Under A. Zabolis guidance and supervision number of successful real estate investment projects, corporate finance and M&A deals was executed in the region. Activities were evaluated by EUROMONEY, which in 2003 and 2004 recognized ‘Zabolis ir Partneriai’ as the Best Local Partner of International Investment Banks in Lithuania. In 2005, ‘Zabolis ir Partneriai’ has won the EUROMONEY Real Estate Awards for advisory and investment banking in Lithuania.

BARTJAN ZOETMULDER
partner LOYENS & LOEFF N.V.

Bartjan R. Zoetmulder (1969), tax partner, heads up Loyens & Loeff’s EU Accession team and has in-depth knowledge of tax planning in and from Central and Eastern Europe, Malta and Cyprus as well as Russia and the former CIS countries. He specialises in panEuropean tax structuring of real estate investments with a particular focus on Central and Eastern European as well as Dutch real estate. His current clients include mostly foreign investors such as US REITs, European real estate investors and other foreign or Dutch-based, internationally operating groups. He is a frequently asked lecturer and writer on tax planning in Central and Eastern Europe.

New York 28-29 Feb 2008

London 6-7 May 2008

WORLD GRISUMMIT

A GLOBAL CLUB

GRI MEMBERS YEARBOOK

The GRI Yearbook celebrates GRI Corporate and Individual Members annually. Profiling in the Yearbook is automatic with annual membership. The Yearbook is available to GRI Members only

AHI INVEST AUSTRIA IMMOFINANZ AUSTRIA EASTBRIDGE GROUP BELGIUM BUELENS BELGIUM SHURGARD SELF STORAGE EUROPE BELGIUM WILHELM & CO BELGIUM SITQ CANADA OXFORD PROPERTIES GROUP CANADA OXFORD PROPERTIES GROUP CANADA EUROPEAN PROPERTY DEVELOPMENT CZECH REPUBLIC PASSERINVEST GROUP CZECH REPUBLIC SEKYRA GROUP CZECH REPUBLIC INOVALIS FRANCE SHAFTESBURY ASSET MANAGEMENT GROUP FRANCE SOCIÉTÉ GÉNÉRALE FRANCE FONCIÈRE DES RÉGIONS FRANCE CDP REAL ESTATE EUROPE FRANCE GE REAL ESTATE EUROPE FRANCE GE REAL ESTATE EUROPE FRANCE IXIS AEW EUROPE FRANCE GÉNÉRALE CONTINENTALE INVESTISSEMENTS FRANCE GÉNÉRALE CONTINENTALE INVESTISSEMENTS FRANCE MORGAN STANLEY FRANCE FONCIÈRE DES RÉGIONS FRANCE GE REAL ESTATE EUROPE FRANCE BAUWENS REAL ESTATE GROUP GERMANY CORPUS IMMOBILIENGRUPPE GERMANY BAUWENS REAL ESTATE GROUP GERMANY BERLIN HYP GERMANY UNION INVESTMENT RE GERMANY BEOS GERMANY SEB ASSET MANAGEMENT GERMANY PATRIZIA IMMOBILIEN GERMANY GARBE INVESTMENT GERMANY ECE PROJEKTMANAGEMENT GERMANY PRAMERICA REAL ESTATE INVESTORS (EUROPE) GERMANY DIC GERMANY AAREAL BANK GERMANY EUROHYPO GERMANY VIVACON GERMANY BAUWERT PROPERTY GROUP GERMANY IVG IMMOBILIEN GERMANY DETEIMMOBILIEN GERMANY EUROHYPO GERMANY COMMERZ GRUNDBESITZ GERMANY MEAG GERMANY COLONIA REAL ESTATE GERMANY DIC GERMANY CORPUS REAL ESTATE GROUP GERMANY SCEPSI GREECE RMZ INDIA GREEN PROPERTY IRELAND AEDES ITALY BENI STABILI GESTIONI ITALY PIRELLI REAL ESTATE ITALY IFIL ITALY MORGAN STANLEY ITALY RISANAMENTO ITALY PROLOGIS NETHERLANDS MULTI DEVELOPMENT NETHERLANDS GTC POLAND AMORIM IMOBILIARIA PORTUGAL PIK GROUP RUSSIA PIK GROUP RUSSIA PIK GROUP RUSSIA GRUPO LAR SPAIN MEDGROUP INVERSIONES SPAIN LATSIS GROUP SWITZERLAND PSP SWISS PROPERTY SWITZERLAND

CLAUS HABLE DR KARL PETRIKOVICS YARON BRUCKNER PASCAL BUELENS STEVEN DE TOLLENAERE PETER WILHELM PAUL CAMPBELL MICHAEL LATIMER CHRISTOPHER VOUTSINAS DR WERNER EBM RADIM PASSER DR LUDEK SEKYRA STÉPHANE AMINE PHILIPPE CAMUS BERTRAND DESCOURS CHRISTOPHE KULLMANN JEAN LAMOTHE MASSY LARIZADEH OLIVIER PIANI FRANÇOIS POCHARD PAUL RAINGOLD SHARON RAINGOLD STRUAN ROBERTSON

ZÜBLIN IMMOBILIEN SWITZERLAND UNITE GROUP UK MERRILL LYNCH INTERNATIONAL UK LEHMAN BROTHERS UK PATRON CAPITAL UK KENMORE GROUP UK RREEF UK MORGAN STANLEY UK UK DEUTSCHE BANK UK SHAFTESBURY INTERNATIONAL UK JONES LANG LASALLE UK LIBERTY INTERNATIONAL UK ISTAR EUROPE UK BENSON ELLIOT CAPITAL MANAGEMENT LLP UK GROVE INTERNATIONAL PARTNERS UK CREDIT SUISSE UK MORGAN STANLEY UK ERNST & YOUNG UK JONES LANG LASALLE UK ALTA ADVISERS UK FORTRESS INVESTMENTS UK GRAFTON ADVISORS UK ORION CAPITAL MANAGERS UK MORGAN STANLEY UK RESOLUTION PROPERTY UK EUROHYPO UK CURZON GLOBAL PARTNERS UK LEWIS TRUST GROUP UK LONDON & REGIONAL UK CAMBRIDGE PLACE UK DUBAI INVESTMENT GROUP UK SIMON GLOBAL UK ERNST & YOUNG UK MEYER BERGMAN UK BENSON ELLIOT CAPITAL MANAGEMENT LLP UK DEUTSCHE BANK UK CARLYLE MG UK PALMER CAPITAL PARTNERS UK WILLIAM PEARS GROUP UK BLACKSTONE GROUP UK UNITE GROUP UK GOLDMAN SACHS UK MORGAN STANLEY UK AIG GLOBAL REAL ESTATE UK EUROHYPO UK STRATEGIC REAL ESTATE UK LONE STAR MANAGEMENT UK PRAMERICA REAL ESTATE INVESTORS UK GOLDMAN SACHS UK ORION CAPITAL MANAGERS UK STARWOOD CAPITAL EUROPE UK HYPO REAL ESTATE INTERNATIONAL UK PROLOGIS EUROPEAN PROPERTIES UK TEESLAND IOG UK DUBAI INVESTMENT GROUP UNITED ARAB EMIRATES SAMA DUBAI UNITED ARAB EMIRATES ISTITHMAR UNITED ARAB EMIRATES AMERICAN EUROPEAN USA TRIKONA CAPITAL USA STARWOOD CAPITAL GROUP USA AIG GLOBAL REAL ESTATE INVESTMENT USA TRIKONA CAPITAL USA DUNE CAPITAL MANAGEMENT LP USA ISTAR FINANCIAL USA GE REAL ESTATE USA TRIGRANIT USA CARVAL INVESTORS USA

BRUNO SCHEFER MARK ALLAN ROGER BARRIS JAMES BLAKEMORE KEITH BRESLAUER ROBERT BROOK DAVID BRUSH JOHN CARRAFIELL JAMES COLE CYRIL COURBAGE MILES D'ARCY IRVINE TONY EDGLEY SIR ROBERT FINCH DAVID FINKEL PATRICIA GEERY BARRIGAN RICHARD GEORGI CARLA GIANNINI SHIRISH GODBOLE DEAN HODCROFT TONY HORRELL OREST HRABOWYCH ROBERT KAUFFMAN NIGEL KEMPNER

JULIEN RUGGIERI FRANÇOIS TRAUSCH DR PATRICK ADENAUER DR MICHAEL ALBERTZ PAUL BAUWENS-ADENAUER JAN BETTINK DR FRANK BILLAND PROF DR STEPHAN BONE-WINKEL CHOY-SOON CHUA WOLFGANG EGGER BERNHARD GARBE KARSTEN HINRICHS THOMAS HOELLER ULRICH HÖLLER NORBERT KICKUM BERND KNOBLOCH MARC LEFFIN DR JÜRGEN LEIBFRIED DR ING WOLFHARD LEICHNITZ DR GERHARD NIESSLEIN JOACHIM PLESSER DR FRANK PÖRSCHKE DR KNUT RIESMEIER

AREF LAHHAM JONATHAN LANE ROBERT LAURENCE NEIL LAWSON-MAY RIC LEWIS CLIVE LEWIS RICHARD LIVINGSTONE DENNIS LOPEZ DUNCAN MACAULAY HANS MAUTNER MIKE MCNAMARA MARKUS MEIJER MARC MOGULL JOHN NACOS EYAL OFER RAYMOND PALMER MARK PEARS CHAD PIKE NICHOLAS PORTER RICHARD POWERS RUSSELL RAHBANY KEVIN REID PAUL RIVLIN

STEPHAN RIND PROF DR GERHARD SCHMIDT MICHAEL ZIMMER LAMBROS ANAGNOSTOPOULOS RAJ MENDA STEPHEN VERNON LUCA CASTELLI TERENZIO CUGIA DI SANT'ORSOLA OLIVIER DE POULPIQUET JOHN ELKANN MARCO POLENTA GIULIO RASETTA GARY ANDERSON ARNOLD DE HAAN ELI ALROY RUI ALEGRE WILL ANDRICH ARTEM EYRAMDZHANTS KIRILL PISAREV LUIS PEREDA JORDI ROBINAT CATALÁ NIKOLETTA FOUSKA FRITZ JÖRG

PIERRE ROLIN BRUNO SCHERRER JONATHAN SHORT EDWARD SISKIND VAN STULTS DESMOND TALJAARD HARIN THAKER ROBERT WATSON MICKOLA WILSON SHEIKH SOUD BA'ALAWI FARHAN FARAIDOONI RICHARD JOHNSON HENRI ALSTER RAK CHUGH JEFFREY DISHNER KEVIN FITZPATRICK AASHISH KALRA DANIEL NEIDICH JAY NYDICK MICHAEL PRALLE NATHANIEL ROTHSCHILD HERVÉ SARTEAU

Membership
Individual and Corporate Membership of the GRI is open to senior players in the real estate industry that find it beneficial to belong to a global community of elite achievers in their industry

Privileges include prominent inclusion in membership rolls, reduced rate at GRI Meetings, profiling in annual GRI Yearbook, preferential access and introductions to fellow members and more.

Henri Alster henri.alster@globalrealestate.org Tel +44 20 8492 2620

middle eastgri
Dubai 18-19 March 2008

REGISTRATION · MEMBERSHIP
Please complete the form and fax to: REGISTRATION
HOTELS
Lodging costs are not included in conference fees.

+44 20 8445 6633
FOR DISCUSSION (CO-)CHAIRS AND MEMBERS ONLY
Please email to: profiles@mygri com

LANGUAGES
Group discussions run concurrently, several going on at the same time separate rooms, in the local language as well as in English. Simultaneou translation is provided for key sessions but not for all discussions.

BADGES
Delegates must wear badges at all times. Admission will regrettably not be possible otherwise.

TERMS AND CONDITIONS
Payment is required by return. Delegate fee must be paid in full prior to conference or admission is regrettably not possible. Confirmation will be sent on receipt of payment. If you have not received confirmation within 14 days of registration, please contact us t confirm your booking.
JOHN A CAR

Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possible at any time. 90% refund will apply if cancellation notice is received by 6 weeks before the event. We regret no refunds ar possible for cancellations received thereafter.

global co-hea d MORG AN STANLreal estate EY sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000

RAFIELL

PIERRE
office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only

manag ing direct RREEF or

CHERKI

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INVES TOR

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PHILIP

intern ationa HRO GROUP l chairm an sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000

B. GAI

LLARD

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INVES TOR

office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only

BERND

office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only

EUROH YPO AG sedips um@al iquamm tel +00.0 assa.c 000 00 om 0000

KNOBLO CH

GROUP RATE
Group rate is per person. Applies to groups of 3 or more participants. Need not be from the same company. Please note that registration fee reductions are not cumulative.
INVES TOR

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FRANÇO IS

office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only

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INVES TOR

POCHAR

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LENDE R

office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only

D

HARIN

ceo europ e HYPO REAL ESTAT sedips E BANK um@al iquamm INTER tel +00.0 NATIO assa.c 000 00 NAL om 0000

THAKER

PLEASE PROVIDE:

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LENDE R

office • hotels germa • bulk ny sales us$10 • cee • china existi 0 - 500 millio ng or n major developme metro nt s only

Inquiries and further information:
www.globalrealestate.org info@globalrealestate.org UK Tel: +44 20 8492 2620 UK Fax: +44 20 8445 6633 Main: 511 Avenue of the Americas - Suite 4100 New York NY 10011 · USA Europe/Asia: 1379 High Road London N20 9LP · UK

1. COMPANY SPECIALTY - maximu P L • Investors/lenders: criteria (type • where • amount range • existing vs development...) Example: “office, hotels, bulk sales • Germany, CEE, China • US$100-500million • existing or development • major metros only”

GRI ANNUAL MEMBERSHIP
INDIVIDUAL MEMBERSHIP

• •

• • • • • •

GRI Members as of December 31 are listed in the GRI Yearbook of the subsequent year, published in March. GRI Members benefit from reduced Member rates when registering to attend GRI Meetings. Starting date of membership is the 1st day of the quarter in which registration is made. It can be requested to start the next quarter. Cancellation: Expiring memberships self-cancel automatically if not renewed. There is no mid-year cancellation mechanism. Complete list of membership benefits available on request. Please contact Henri Alster, Chairman, GRI: henri.alster@globalrealestate.org

Developers: product specialty (type • where • size range • existing v development...) Other: describe speciality bullet point style

CORPORATE MEMBERSHIP

2. COLOR PORTRAIT PHOTO: HIGH RESOLUTION .JPG R 3. LOGO: COLOR • B/W • INVERSE (.EPS FORMAT) R A 4. PERSONAL BIOGRAPHY + DIVISION’S PROFILE L - 100 words maximum total, in 1 or 2 languages [adjust pro-rata if other language takes less space (e.g. Mandarin - 2 to 1) or more]. - Division’s profile: division’s specific activity (more relevant & useful than company’s overall)

PLEASE FAX TO +44 20 8445 6633

DETAILS DETAILS
MR/MRS/DR...

GLOBAL REAL ESTATE INSTITUTE www.globalrealestate.org info@globalrealestate.org MAIN: 511 Avenue of the Americas - suite 4100, New York, NY 10011, USA tel +1.866 399 1210 EUROPE/ASIA: 1379 High Road - 11th floor, London, N20 9LP, UK tel +44.20 8445 6653

BUSINESS ACTIVITY (Please tick one)
INVESTOR PENSION (Investor) PROPERTY COMPANY (Developer) INFRASTRUCTURE COMPANY INVESTMENT BANK CORPORATE (User) AGENT (Surveyor) ADVISOR (Accountant/Tax) LAWYER A&E (Architect/Engineer) TITLE (COMPANY) GOVERNMENT (Officials) ECONOMIC DEVELOPMENT ACADEMIC (Think Tank) MEDIA TRADE (Group/Exhibit/ Conference Organiser) OTHER_________________

FIRST

MIDDLE/INITIALS

LAST

SUFFIX (III•JR..)

NICKNAME

BADGE NAME

LENDER HOTEL (Company)

POSITION

PA Y M EN T D ETA I L S ( p l e a se t i c k )
COMPANY NAME

A receipt will be returned. AmEx

BY CARD
EMAIL CARD NUMBER DIRECT TEL FAX

Visa

Mas ter

NAME ON CARD

PA

EMAIL

TEL

EXPIRY

SIGNATURE

ADDRESS

CREDIT CARD BILLING ADDRESS, if different from above (important, please provide)
STREET ADDRESS

CITY

STATE

POSTCODE

COUNTRY CITY STATE/COUNTY POSTCODE

DIVISION’S WEB ADDRESS (EX: WWW.COMPANY.EXT/DIVISION...)

GROUP RATE: applies to 3 or more registrations. Need not be from same company.

MEMBERSHIP FEES
Regular Discussion co-Chair**

£ Sterling

Euros

US$

USA Global GRI 08
NYC, 28-29 February
Until 25 Jan After 25 Jan

Single Non Member
$2,775 $2,875

Group rate (pp) Non Member
$2,575 $2,675

Discussion Chair or GRI Member
$1,875 $1,975 $100 $175

£1,200 £400

1,800 600

$2,400 $800

** Available for confirmed & fee-paying Discussion co-Chairs after settling event fees and before the event has taken place.

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only):

Middle East GRI 08
Dubai, 18-19 March
Until 8 February After 8 February

Single Non Member
2,475 2,575

Group rate (per person) Non Member
2,275 2,375

Discussion Chair or GRI Member
1,875 1,975 75 125

Deutsche GRI 08
Frankfurt 28-29 April
Until 21 March After 21 March

Single Non Member
2,475 (+19% VAT) 2,575
(+19% VAT)

Group rate (per person) Non Member
2,275 (+19% VAT) 2,375
(+19% VAT)

Discussion Chair or GRI Member
1,875 (+19% VAT) 1,975
(+19% VAT)

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

75 (+19% VAT) 125 (+19% VAT)

GRI World Summit 08
London, 6-7 May
Until 28 March After 28 March

Single Non Member
£1,675 (+17.5% VAT) £1,775
(+17.5% VAT)

Group rate (per person) Non Member
£1,525 (+17.5% VAT) £1,625
(+17.5% VAT)

Discussion Chair or GRI Member
£1,275 (+17.5% VAT) £1,375
(+17.5% VAT)

China GRI 08
Beijing, 4-5 June
Until 25 April After 25 April

Single Non Member
$2,975 $3,075

Group rate (per person) Non Member
$2,675 $2,775

Discussion Chair or GRI Member
$2,275 $2,375 $100 $175

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

£50 (+17.5% VAT) £100 (+17.5% VAT)

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

GRI Europe Summit 08
Paris 15-16 Sept 07
Until 1 August After 1 August

Single Non Member
2,475 (+19.6% VAT) 2,575
(+19.6% VAT)

Group rate (per person) Non Member
2,275 (+19.6% VAT) 2,375
(+19.6% VAT)

Discussion Chair or GRI Member
1,875 (+19.6% VAT) 1,975
(+19.6% VAT)

India GRI 08
Mumbai, 24-25 Sept
Until 22 August After 22 August

Single Non Member
$2,975 $3,075

Group rate (per person) Non Member
$2,675 $2,775

Discussion Chair or GRI Member
$2,275 $2,375 $100 $175

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

75 (+19.6% VAT) 125 (+19.6% VAT)

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

Russia GRI 08
Moscow, 2-3 Oct
Until 29 August After 29 August

Single Non Member
2,475 2,575

Group rate (per person) Non Member
2,275 2,375

Discussion Chair or GRI Member
1,875 1,975 75 125

New Europe GRI 08
Budapest, 24-25 Nov
Until 17 October After 17 October

Single Non Member
2,475 2,575

Group rate (per person) Non Member
2,275 2,375

Discussion Chair or GRI Member
1,875 1,975 75 125

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

Fee for payment methods other than credit card Fee for onsite payment (credit card or cash only)

New York 28-29 Feb 2008
t h e  g r i

2008
THE

EUROPE

EVENTS

chairmen’s

RETREAT

Badrutt’s Palace Hotel, St Moritz 17-20 January 2008

GRI EUROPE CHAIRMEN’S RETREAT St Moritz 17-20 Jan 2008

USA GLOBAL GRI New York 28-29 Feb 2008

GRI
MIDDLE EAST GRI Dubai 18-19 March 2008 DEUTSCHE GRI Frankfurt 28-29 April 2008 GRI WORLD SUMMIT London 6-7 May 2008

A GLOBAL CLUB
The GRI is a club of senior investors, developers, lenders and hotel companies across the world. It runs its activities through a series of annual meetings focused on different regions of the globe. If building close relationships with the driving elite of the real estate industry at the most senior levels can be useful, we welcome you to join us.

CHINA GRI Beijing 4-5 June 2008

GRI EUROPE SUMMIT Paris 15-16 Sept 2008

INDIA GRI Mumbai 24-25 Sept 2008

RUSSIA GRI Moscow 2-3 Oct 2008

GRI ASIA CHAIRMEN’S RETREAT Dubai 17-18 Nov 2008

NEW EUROPE GRI Budapest 24-25 Nov 2008

www.globalrealestate.org info@globalrealestate.org Tel +44 20 8445 6653

Corporate Partner

GRO UP

Senior Partners

Partners

Industry & Media Partners


								
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