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Spring Conference 2016
20 April 2016 @ 14:00 - 21 April 2016 @ 19:30
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The programme for CREFC Europe’s Spring Conference can be viewed here.
Registration is still being accepted online – scroll down for registration details.
Thank you to our Spring Conference sponsors – sponsors can be viewed below. Sponsor opportunities have now closed.
This 1 ½ day conference hosted by Allen & Overy LLP will provide a platform for commercial real estate (CRE) finance market participants to come together to learn about and discuss the latest trends and challenges facing the industry. We’re delighted that Kamal Ahmed, Economics Editor, BBC News will join us as our keynote speaker on Thursday 21 April.
- Lucy Oddy – Partner – Allen & Overy LLP;
- Jessica Tomlinson – Head of Transaction Management – Real Estate Finance – Barclays
- Alexandra Lanni – Head of Transactions – Laxfield Capital.
|After 8 April|
|Member: £726 + VAT|
|Non member: £907.50 + VAT|
Welcoming Remarks, Peter Cosmetatos, CEO, CREFC EuropeStarts: 14:20 Ends: 14:30
“Absolute Beginners” Education Session 1 – Lending in EuropeStarts: 14:30 Ends: 16:00
This educational session will focus on European Lending in France, Germany, Italy and Spain.
• An overview of the lending activity and the drivers in each jurisdiction
• Getting in – licensing, WHT
• Getting out – enforcement processes – timing, certainty, debtor friendly protections
• Key jurisdictional differences and the implications of each (from a legal and practical perspective) e.g. leases, ability to access collateral and enforcement regimes
Moderator: John Coburn, Senior Associate, Allen & Overy LLP
Networking Break – 20/04/16Starts: 16:00 Ends: 16:30
“We could be Heroes” Education Session 2 – Lessons learned from restructuring distressed CRE dealsStarts: 16:30 Ends: 17:30
This education session will be an opportunity for those who did not experience the last boom and bust cycle to hear
the wisdom of those that were.
The session will start with an overview of the key issues and then use case studies to develop on the themes.
The aim is for the session to have plenty of opportunity for delegate involvement.
Networking Reception – open to attendees from today’s sessions and sponsors onlyStarts: 18:00 Ends: 19:00
Networking Breakfast – 21/04/16Starts: 08:45 Ends: 09:30
Brexit – good, bad or indifferent? KEYNOTE SPEAKER – Kamal Ahmed, Economics Editor, BBC NewsStarts: 09:45 Ends: 10:25
Kamal Ahmed is the Economics Editor of the BBC, formally the Business Editor of the BBC, a position he took up in March 2014. He leads the BBC’s on air economics coverage and makes regular appearances on the Today programme, the Six and Ten O’clock news bulletins as well as Newsnight and documentary programmes across television and radio. His blog is widely read online.
Kamal joined the BBC from the Telegraph Media Group which he joined in September 2009 as Business Editor of The Sunday Telegraph. Kamal also led the editorial team delivering The Telegraph’s annual Festival of Business, a celebration of medium and smaller sized businesses in the UK.
Between 2007 and 2009 Kamal was Group Director, Communications, at the Equality and Human Rights Commission, the regulator charged with upholding and enforcing equality and human rights legislation in Britain.
Before joining the Commission in 2007, Kamal was Executive Editor, News, at The Observer with responsibility for the news section of the paper. He was a member of the team that developed and re-launched The Observer as a mid-size full colour Sunday, a development that won Newspaper of the Year at the British Press Awards in 2005, the highest award for any newspaper.
Between 2000 and 2004 he was Political Editor of The Observer covering Tony Blair’s government and the lead up to the Iraq war. Between 1996 and 2000, Kamal worked for The Guardian, starting on the paper as Royal Correspondent, later becoming Media Correspondent and then Media Editor.
Kamal is an industry mentor for the Media Trust, an organisation committed to increasing diversity in the media and regular speaker at their events
“Ch-ch-ch changes” in global capital flows – what are the motivations behind capital flows and what it means for CRE investments and debt in the UKStarts: 10:35 Ends: 11:15
• How could Brexit affect capital flows?
• Europe/Asia/Middle East/North America/Other?
• Geographic and sector focus for investors – jurisdictions to watch in 2016
• The impact of trends and developments in Asia
• Asian sovereign/institutional investors leveraging platforms/local partners to move up the risk curve
• Currency trends
Lorna Brown, Managing Director, Real Estate Debt Strategies, The Blackstone Group International Partners LLP
Mark Evans, Head of EMEA Equity Placement, CBRE Capital Advisors Ltd
Fawad Tariq-Khan, Director, Integrated Alternative Finance
Chris Holmes, European Director and Head of UK Debt Advisory, JLL
Duncan MacPherson, Senior Vice President, Starwood Capital Europe Advisers, LLP
Networking Break – 21/04/16Starts: 11:15 Ends: 11:45
“Dancing in the Street” spotlight on the UK residential marketStarts: 11:25 Ends: 12:25
• Overview of the challenges and opportunities in the current market – supply, planning, valuation
• Resi-for-rents versus resi-for-sale – will there always be a pricing mis-match or is this the year of
opportunity for PRS?
• Development and investment outlook – demand for and availability of debt
• Budget 2016 – SDLT announcements
• How can lenders structure to help the market?
Andrew Brentnall, Head of Funding & Development, Residential Capital Markets, Savills
“We could be Heroes” overview of the current lending landscapeStarts: 12:30 Ends: 13:10
• Barometer and key market sentiments from Q1
• Key areas of opportunity for lenders given early trends in 2016
• The shades of grey case study… heavy refurb, value add or spec development
– who is lending what?
Alexandra Lanni, Head of Transactions, Laxfield Capital
Networking Lunch – 21/04/16Starts: 13:10 Ends: 14:00
Snapshot session – “regulation drives the CRE lending competitive landscape”; truth or myth?Starts: 14:00 Ends: 14:30
Pascal Richard, Director – Securitised Products Group, Lloyds Bank Commercial Banking
“Let’s dance” deal or no deal? Focus on distribution strategiesStarts: 14:35 Ends: 15:15
• Intercreditors – structural subordination versus A/Bs – where is the market heading?
• Public versus private debt distribution
• CMBS – outlook – deal volumes, trends in the market and challenges
• Documentation and structural issues
Christian Lambie, Partner, Allen & Overy LLP
Ruth Harris, Partner, Ashurst
Gregory Clerc, Managing Director, Bank of America Merrill Lynch
Andrea Bora, Managing Director, Goldman Sachs
Niall O’Rourke, Managing Director, Morgan Stanley
“Life on Mars?” what the borrowers REALLY need from their lendersStarts: 15:20 Ends: 15:50
This session will focus on Hotel/Retail/Office/Commercial Development and Healthcare with expert speakers
representing each asset class.
Jessica Tomlinson, Head of Transaction Management – Real Estate Finance, Barclays
Ben Eppley, Managing Director, Apollo Global Management
Hugh Fraser, Director, M7
Nick Edwards, Chief Financial Officer, Moorfield Group
Tom Stenhouse, Director – Investment Team, Patrizia
Afternoon Tea – 21/04/16Starts: 15:50 Ends: 16:15
“Under Pressure” Quick Fire Q&AStarts: 16:15 Ends: 16:45
Join Jane Roberts, Consultant editor to Real Estate Capital in a quick fire round with senior borrowers.
Those joining Jane include;
Tina Pristovsek, Director, Real Estate Structured Finance, Bank of America Merrill Lynch
David Love, CFO / COO UK, CBRE Global Investors
Catherine Webster, Director, Hudson Advisors
Madeleine McDougall, Lloyds Bank Commercial Banking
Alison Lambert, VP Finance Director Europe, Oxford Properties
“Oh! You Pretty Things” Conference Co-Chair Wrap UpStarts: 16:50 Ends: 17:05
Closing ReceptionStarts: 17:05 Ends: 19:15
Welcoming Remarks, Conference Co-Chairs – 14/11/16Starts: 10:00 Ends: 10:05
John Bigley, DRC Capital
John has over 20 years of real estate and debt capital markets experience. At DRC he focuses on the origination, structuring and execution of high yield and senior secured loans backed by commercial real estate located in core European markets. John has also held positions in commercial banks, investment banks and investment management firms. He started his career in direct property consultancy and asset management and has been a chartered Surveyor since 1997.
Andrea Bora, Goldman Sachs
Andrea Bora is an executive director in Goldman Sachs Real Estate Finance team, he is located in London and heads the firm’s EMEA CRE debt syndication effort. Andrea joined the firm from Morgan Stanley where he worked for 7 years in CRE finance mainly within the ELOC CMBS program and prior to that he was for 5 years at Bear Stearns on a similar role. Andrea has extensive experience in all aspects of CRE finance including origination, structuring and distribution. From his current role Andrea has recently run distribution of debt transactions in various jurisdictions including UK, France, Spain and Italy.
Andrew Brentnall, Savills
Andrew joined Savills in 2004 and is head of their Funding & Development team, based in London with a National remit. The team work with a wide range of private and public sector clients focussed on residential investment and development. Services include capital raising, advising on larger scale portfolio or corporate transactions, and Build to Rent advisory. They are the market leaders in Build to Rent advisory, having transacted 26 deals in the last 3 years, with an average transaction value over the last year exceeding £120m. Notable transactions Andrew has led within Savills include Oaktree’s acquisition of Countryside Properties and Millgate Developments; Legal & General and Patron Capital’s acquisition of CALA Homes; M&G’s first Build to Rent forward funding in London (Victoria Sq, North Acton) and Greystar’s >£200m forward funding of Millharbour, Isle of Dogs. Andrew sits on the BPF Build to Rent Committee, acts as regular Chair of the annual Residential Development Funding seminar and was recently shortlisted by New London Architecture in a competition to find ideas to increase housing supply across London
Axel Brinkmann, RBC
Axel Brinkmann is a Managing Director in Royal Bank of Canada’s Real Estate Capital Partners (“RECP”) group heading its London based commercial real estate lending team in Europe. RECP provides comprehensive mortgage, mezzanine and loan-on-loan portfolio acquisition facilities to real estate sponsors in the US, UK and Europe. Axel joined from LaSalle Investment Management’s Debt Investment and Special Situations group where he was responsible for originating and investing into various structured debt and equity transactions across Europe. Axel started his career at Wachovia’s real estate structured finance team which in late 2008 was acquired by Wells Fargo.
Lorna Brown, The Blackstone Group International Partners LLP
Lorna Brown is a Managing Director in the Real Estate Group, based in London and focused on originating, analysing and managing real estate debt investments across Europe. Prior to joining Blackstone in 2012 Ms. Brown held the role of Managing Director within the Real Estate Group at RBS, where her responsibilities included the origination, underwriting and syndication of real estate debt and latterly as Head of the UK Real Estate Restructuring team. Prior to joining RBS, Ms. Brown worked as a Chartered Surveyor. Lorna is also a Fellow of the Royal Institution of Chartered Surveyors.
Gregory Clerc, Bank of America Merrill Lynch
Gregory Clerc is a Managing Director of Bank of America Merrill Lynch in the Global Market division, based in London. He is working in the Mortgages Department focusing on origination, structuring and sell down of CRE debt and acts as Head of EMEA distribution. During his time at Merrill Lynch, Greg worked in the Commercial Real Estate Finance group and on the Mortgage sales and trading desk on the structuring and distribution of a wide range of CRE debt deals from traditional senior lending, opco-propco, mezzanine and hotel financings. Greg led landmark transactions in Europe like the €935m Coeur Defense financing in Paris for Lone Star and worked on the origination and distribution of over €10bn of deals in his career. Prior to this, Gregory Clerc was with Societe Generale, PBB and HSBC in London where he worked on CRE debt deals across Europe.
John Coburn, Allen & Overy LLP
John has broad experience acting for both borrowers and lenders across different and diverse product lines and sectors, including real estate finance, general corporate lending, leveraged and event-driven acquisition finance. He has particular focus on real estate finance. John has previously been on secondment in Global Banking & Markets (Loan Markets) at RBS.
Jacqui Daly, Savills
Jacqui Daly, Director of residential investment research and strategy has worked in the residential sector for over 15 years. Her role in Savills is to deliver investment consultancy advice to a wide range of clients actively investing in the residential space.
She supports Savills clients with their investment decisions in PRS, Student and the emerging Build to Rent sector. She has also worked on many projects for central and local Government looking at issues around the Government’s Debt Guarantee Scheme for PRS, Real Estate Investment Trusts in the UK and, Overcoming barriers to institutional investment in the sector.
Jacqui is an active member of the of the British Property Federation’s Residential Policy Committee, The Investment Property Forum (IPF) and sits on the ULI’s UK Residential Council.
Caroline Delavet, Allen & Overy LLP
Caroline specialises in structured finance with a particular focus on real estate finance advising both lenders and sponsors on French domestic and pan-European transactions. She has developed her expertise on all types of real estate assets, such as offices, shopping centres or hotels and all types of operations such as the financing of pan-European portfolio assets, mezzanine finance, CMBS and the sale or purchase of real estate portfolios.
Jon Di-Stefano, Telford Homes
Jon Di-Stefano MA (Econ), ACA Chief Executive (40) Jon Di-Stefano joined Telford Homes Plc as Financial Director in October 2002. Prior to this he had one year with Mothercare following five years with Arthur Andersen. Jon built up a strong finance function over a number of years and played a significant role in establishing relationships with the Group’s banking partners and institutional investors. Jon became Chief Executive on 1 July 2011 and since his appointment he has overseen significant profit growth and increasing shareholder value. Supported by the rest of the Board he is responsible for the Group’s strategic direction including setting the land buying strategy, its area of focus, the approach to risk management and all other long term business planning.
Nick Edwards, Moorfield Group
Nick joined Moorfield in December 2008, is the Chief Financial Officer and sits on the Investment Committee and Group Board. He has a degree in History from Durham University and qualified as an ACA with Arthur Andersen in the Treasury Consulting team. He then spent 3 years in Corporate Finance at Deutsche Bank, and 6 years at Xchanging plc where he worked in the UK and in Europe in Corporate Development, Sales and Commercial roles and as Finance Director of the 2,000 person insurance outsourcing business across the UK, US and India.
Hugh Fraser, M7 Real Estate
Hugh Fraser is a director of M7 Real Estate Ltd, a pan European investment and asset management platform focussed on high yielding multi-let secondary real estate. At M7, Hugh is a member of the Investment Management Team, responsible for debt origination and management and also has key involvement in new business development, fund structuring and investor reporting.
Prior to joining M7, Hugh worked at GPT Halverton where he was Head of Debt, responsible for the management of c. €1.4bn of debt. Before this Hugh was a director at Eurohypo AG, responsible for the origination, structuring and execution of balance sheet and capital markets real estate lending totalling c. €2bn.
Hugh received a Bachelor of Applied Science (Land Economics) from the University of Technology, Sydney, Australia.
Russell Gould, Citigroup
Russell Gould is a director in the Commercial Real Estate Finance team (Citi CREF), responsible for large ticket senior lending and loan on loan financing across EMEA. Prior to joining Citi CREF, Russell was a director in the Commercial Real Estate Special Situations Group, making proprietary investments across the capital structure, including preferred equity, mezzanine debt origination, fund investment and sub-performing junior debt trading.
David Guedj, Fortress Investment Group
David has spent 6 years as a distressed / opportunistic real estate investors (Lehman Brothers, Warburg Pincus, Goldman Sachs, now Fortress Investment Group) and 4 years as a commercial real estate lender at Goldman Sachs. Throughout his career, David has been involved in transactions in most European jurisdictions and asset classes, as well as all parts of capital structures. David holds an MSc in Accounting and Finance from the London School of Economics and Political Science.
Ruth Harris, Ashurst
Ruth is a partner in the Banking group at Ashurst LLP, London office and has a keen interest in real estate investment, development and structured finance across a wide range of asset classes including: offices, retail, residential, leisure, and industrial properties. Ruth has considerable expertise acting for both banks and equity investors, corporates and funds, on originations and alternative syndication strategies, including multi-layered intercreditor arrangements.
Chris Holmes, JLL
Chris runs a team of seven professionals based in London and a further 26 across key European markets who specialise in sourcing and arranging debt packages for development projects and standing investments. This activity encompasses all sub property sectors and a range of client and investor groups.
Chris joined JLL in September 2013 from a previous career in commercial and investment banking focussed on CMBS, commercial real estate and renewable energy. He worked in structured finance in debt capital markets with securitised debt products and worked cross border in Western Europe. To date, Chris has advised numerous real estate owners on their debt requirements having arranged over £5 bn of financing including: Canary Wharf Group – Lead Manager for Securitisation issuance.
Chris worked in capacity as Lead Manager whilst at Credit Suisse by arranging construction wrapped structures to assist developing 4 million sq ft in early 2000s. Currently working on transactions involving over £500mn of debt as well as high profile disposals such as 8 Canada Square.
Alison Lambert, Oxford Properties
Alison joined Oxford Properties in March 2012 as European Finance Director. Alison oversees Oxford’s European corporate finance function; her team is responsible for corporate accounting for all of Oxford’s European assets (current NAV of £3bn), financing new transactions, tax structuring and maintenance of overseas structures. Alison’s role involves a significant degree of stakeholder engagement, requiring frequent liaison with the finance team in Canada to ensure effective translation of accounting requirements and documentation across borders. Alison is also responsible for managing Oxford’s relationships with its European lenders and corporate advisors.
Prior to joining Oxford, Alison was a Director of KPMG Transaction Services in London. Alison specialised in giving financial advice to clients in real estate, public sector clients where there is a property or re-development angle and infrastructure. Alison also acted as the Director of Financial Planning and Investment at the London Development Agency for nine months.
Alison is a member of the Institute of Chartered Accountants in England and Wales and has lived and worked in both Hungary and Brazil, together with project work in South Africa and Brazil. In her senior professional property position, Alison is an active proponent of improving diversity within the property industry and is affiliated with a number of networking organisations championing the cause of women in property.
Christian Lambie, Allen & Overy LLP
Christian’s practice covers a broad range of securitisation and structured finance work types, primarily focussed on commercial real estate and whole business securitisation. His experience covers both transactional and restructuring work. He regularly acts for arrangers, sponsors, lenders and investors on transactions which range from large trophy-asset financings, pan-European lending and financing transactions and corporate debt financings (such as leisure, retail, public houses, healthcare, insurance and the arts) to consumer assets and other structured capital markets issuances. On the restructuring front, his recent experience covers real estate and the care home and leisure industries.
“Christian Lambie is considered an expert figure in many different types of securitisations. One peer highlights him as ‘the king of CMBS,’ with another describing him as ‘a class act.’”
Chambers UK 2016 – Securitisation
Alexandra Lanni, Laxfield Capital
Alex is Head of Transactions and focuses on deal origination, structuring and execution at Laxfield.
Alex completed her chartered accountancy qualification at PricewaterhouseCoopers, during which time she acted in both an audit and advisory capacity, mainly focusing on Life Assurance companies and listed investment funds.
In 2006 she joined Bank of Scotland analysing and documenting new European real estate lending and joint venture opportunities. From 2008 onwards Alex restructured and recovered a number of legacy commercial real estate loan positions. In addition to this, she was responsible for co-ordinating the harmonisation of systems and processes in the real estate division following Lloyds’ acquisition of HBoS, and established portfolio led workout solutions along with the restructuring and execution of hotel transactions.
Alex joined Laxfield in 2011, and has since closed >£600m of lending covering a wide variety of deals, in the residential, office, hotel and student accommodation sectors. Her detailed knowledge of UK financing structures have been of particular value to new lenders seeking experienced local partners to help them transition to the UK market, and she has structured both fixed and floating rate loan structures.
In addition to Alex’s day to day role she assists on strategic projects and capital raising at Laxfield.
Craig Lewis, EY
Craig is an Executive Director within the London Restructuring Team. He joined EY in 1996, having qualified as a Chartered Accountant in 1994. He is an insolvency practitioner with over 25 years restructuring experience gained within a variety of businesses in the UK and overseas.
Craig led the contingency planning for the Senior Lenders of Battersea Power Station and the subsequent enforcement over this iconic site. He worked closely with the joint agents to ensure a successful sale process.
Craig has recent sector experience with Pubs and Restaurants, Hotels and Leisure, as well as a property developer impacted by Crossrail.
David Love, CBRE Global Investors
David Love is the CFO/COO for CBRE Global Investors in the UK. David is responsible for all financial, operational, legal and administrative matters concerning the management of the UK business, and clients’ real estate investments. He sits on the company’s Executive Board, various internal investment and risk committees, and management companies.
David is also responsible for arranging and managing debt for client programs, and has oversight of all tax matters that affect the business. In his career he has been involved in structuring and restructuring a number of funds for a broad range of investors both retail and institutional, UK and international.
Duncan MacPherson, Starwood Capital Europe Advsiers, LLP
Duncan MacPherson is a Senior Vice President and Head of Capital Markets for Europe for Starwood Capital Group. In this role, Mr. MacPherson is responsible for all debt capital market activities for the Firm’s European investments. Prior to joining Starwood Capital in March 2012, Mr. MacPherson spent six years at Citigroup, where he served as a Director on the commercial real estate finance team in London. Before that, Mr. MacPherson held a number of roles at Barclays Capital in fixed income and interest rate derivatives. Mr. MacPherson received a B.S. degree in physics from the University of Edinburgh and an M.S. in information technology systems from the University of Strathclyde.
Olaf Meisen, Allen & Overy LLP
Olaf is an expert in national and international real estate finance and restructuring. He advises on traditional finance instruments (mortgage loans on real estate finance) as well as innovative financing elements (real estate project finance, real estate structured finance and MBS (Mortgage-Backed Securities) originations and securitisations). A second focus of his practice are cross-border restructurings and work-outs of German real estate financings. He is a member of the international real estate finance and restructuring team.
Olaf advised the Loan Market Association (LMA) on the German law Euro Currency Term Facility Agreement for use in German real estate finance multi-property investment transactions.
He lectures at the Institute for Law and Finance at the Goethe-University Frankfurt am Main and at the Westfälische Wilhelms-Universität Münster on real estate finance.
Niall O’Rourke, Morgan Stanley
Niall joined Morgan Stanley’s Securitized Products Group in November 2006 and is currently head of the Deleveraging and Lending Group. The group has three areas of focuses: CRE lending, Bank Deleveraging and Other Asset Based lending. Prior to this Niall worked on the distribution side with responsibility for covering UK & Irish Banks, Hedge Funds and Private Equity clients and had been heavily involved in the European bank deleveraging effort.
Previously, Niall qualified as an Actuary while working at Towers Watson London in the Insurance advisory department.
Niall has an Undergraduate Degree in Actuarial Science from University College Dublin & is currently a Fellow of the Institute of Actuaries.
Lucy Oddy, Allen & Overy LLP
Lucy Oddy advises clients including financial institutions, funds, private equity firms and corporates on a broad range of real estate finance transactions, with a particular focus on CMBS and RMBS and covering various sectors, including retail, hotels, student accommodation, healthcare and residential mortgages. Lucy also advises clients on the acquisition and financing of real estate loan portfolios. Her experience covers multiple jurisdictions across Europe, including UK, Germany, Spain, Italy, Ireland, France, Switzerland, the Nordics and CEE.
Sharon Quinlan, Barlcays
Sharon has been in real estate finance for 20 years spending most of her early career with Barclays where she was responsible for lending into the market across all sectors of the real estate industry.
Sharon also worked for an Irish Bank during the global financial crisis, assisting with the establishment of a bank side team for NAMA (National Asset Management Agency) as well as running the Bank’s non NAMA recovery and restructuring book.
Sharon returned to Barclays in 2012 and is currently responsible for the Bank’s real estate loan book that is originated, owned and managed across the London teams.
Pascal Richard, Lloyds Bank Commercial Banking
Pascal is predominantly focused on supporting Lloyds’ PE and FI clients for their acquisition of mortgage loan portfolios and servicing platforms across Europe via the structuring and execution of £150m-£1bn+ secured warehouse / bridge facilities, as well as arranging asset risk transfer and regulatory capital management transactions (including managing loan portfolio disposals). Pascal also regularly advises clients on regulatory developments and technical securitisation challenges, including accounting, liquidity, capital and risk management.
He was previously at the FSA, in charge of supervising and analysing securitisation activities of regulated UK firms, with a particular focus on stress testing and the review of risk transfer / capital relief transactions, as well as an internal subject matter expert on CMBS and commercial real estate lending related subjects. He was also actively involved in securitisation and covered bonds policy developments at EU level, notably within the EBA.
Prior to this position, he held various senior roles in the European CRE lending and CMBS markets for over a decade first at Fitch Ratings then at Merrill Lynch, and was a founding partner in 2009 of Brookland Partners.
He currently sits on the regulatory committee of CREFC Europe, and is a regular speaker at securitisation and CRE industry conferences.
Jane Roberts, Real Estate Capital
Jane was the launch editor of Real Estate Capital. The title was set up to be a source of information and a focal point for the property financing markets, bringing together the providers of debt capital and the real estate investors who needed it.
She has enjoyed writing about finance and real estate for more than 25 years.
Andrew Rogers, Frogmore
Andy is Group Treasurer and an Investment Committee member at Frogmore, which is a UK Private Equity Real Estate Fund Manager. He joined Frogmore from Eurohypo AG in 2007 and is responsible for raising and managing all of the Frogmore Group’s debt requirements.
Andy started his banking career with NatWest Corporate Banking Group and has specialised for the past 20 years in real estate finance, working for a number of financial institutions, where he has managed relationships and structured debt packages for both investment and development transactions.
Mathieu Roland-Billecart, EY
Mathieu is a Partner in EY Real Estate Corporate Finance team in London
He is an experienced corporate and project financier having worked on a wide variety of transactions, including buy side/sell side M&A, capital raising and restructuring mandates.
Mathieu is part of our EY Global M&A network linking global investors with real estate, hospitality and healthcare opportunities in the UK and Europe
During the global financial crisis, Mathieu was involved in a number of high profile real estate restructurings acting as adviser to banks, special servicers and borrowers as well as banker when on secondment to RBS Real Estate Restructuring team.
Pietro Scarfone, Allen & Overy LLP
Pietro is a dual-qualified lawyer (English law and Italian law) with over 15 years of experience advising both lenders and borrowers. His areas of expertise span real estate finance, acquisition and leveraged finance, general lending, asset finance and project finance. He advises domestic and international clients including domestic foreign banks, sponsors and institutional investors in transaction structuring and implementation as well as regulatory compliance analysis.
“Brilliant banking and finance lawyer. Commentators also appreciate his understanding of teamwork, and clients note: ‘He is very reassuring and clever’.” Chambers Global 2016 (Banking & Finance: Italy)
“He is very thorough and reliable and is always thinking ahead of what we are going to need – it is a very strong relationship we have built.” Chambers Europe 2015 (Banking & Finance: Italy)
Fawad Tariq-Khan, Integrated Alternative Finance
Fawad heads up the debt platform of ADFG, and is also a Board member of Northacre Plc.
He has ten years’ experience in private equity and debt advisory roles beginning his career with Deloitte in London focusing on consulting and financial advisory before moving to the UAE in 2010 where he helped set up their debt advisory practice. He has executed numerous high profile transactions covering corporate debt, mezzanine, off balance sheet and hybrid issuances in Europe and the Middle East.
Fawad holds an MSc in Business Studies from the Michael Smurfit Graduate Business School at University College Dublin and a BSc in Computer Science from University College Cork, Ireland.
Jessica Tomlinson is Head of Transaction Management for Barclays’ UK Real Estate business. Ms Tomlinson is responsible for documentation, execution and asset management of UK Real Estate transactions. Prior to joining Barclays in 2015, Ms Tomlinson was a Principal of the Real Estate Debt Strategies Group at Blackstone providing legal support to the investment and asset management groups based in London. Prior to joining Blackstone in 2012, Ms. Tomlinson was a Director in the Real Estate Group at RBS where her responsibilities included managing the execution of real estate debt transactions including originations and restructurings. Prior to joining RBS, Ms. Tomlinson practiced law in the real estate finance practice of Allen and Overy. Ms. Tomlinson received a BA in Modern History from the University of Oxford.
Catherine Webster, Hudson Advisors
Catherine Webster is a Director at Hudson Advisors where she manages both the financing of and strategic/portfolio sales for Lone Star’s pan-European portfolio. Prior to this role, she was Head of Senior Lending at TIAA launching its European lending business and overseeing financing of TIAA’s existing European portfolio. She’s held senior roles at LAMCO LLC, asset managing and restructuring its largest European CRE assets, and at Lehman Brothers Global Real Estate where she originated over $5 billion of senior/ mezzanine debt and equity on a pan-European basis. Miss Webster graduated from Reading University and has an MBA from INSEAD.
- Loan Administration and Loan Agency
- Debt Management and restructuring
- Asset Management
- Loan Workout
- Master and Back up servicing
- Facility Agent
Allen & Overy is a premier international law firm with a global network spanning 44 offices in 31 countries. Our global reach is unrivalled and strengthened by the strong ties that we have developed with relationship firms across more than 100 countries where currently we do not have a presence. Our experience across the entire spectrum of real estate debt and equity products is unmatched. Our areas of expertise include secured lending, structured real estate financing, CMBS, equity investments and disposals, joint ventures and funds.
Berwin Leighton Paisner (BLP) is an international, full service law firm with over 850 lawyers, including over 200 partners, based across 11 global offices – London, Abu Dhabi, Dubai, Beijing, Berlin, Brussels, Frankfurt, Hong Kong, Moscow, Singapore and Yangon. BLP is currently ranked by the Financial Times as one of Europe’s top ten legal innovators and renowned for responding creatively to the challenges clients face.
As the leading real estate finance law firm in the City, we act for all major domestic and global institutions in the sector. Our dedicated team of real estate finance specialists, whose work spans across loan origination, fund structuring, senior/mezzanine financing and securitisation, advise on the largest and most complex deals in the market. Supported by our top ranked real estate, construction, and planning teams, we have the strength in depth to deliver unparalleled technical ability and a commercial focus which ensures our clients always receive the best possible support and guidance.
Capita Asset Services is Europe’s largest independent third party servicer. Our outsourced service solutions deliver comprehensive front, middle and back office support for the full loan lifecycle from due diligence and origination, through to account servicing to arrears management.
Our core range of services include:
We are experienced in managing commercial, corporate, SME, residential (including BTL) and property loan portfolios, providing regular, timely and reliable information to all our clients, giving you greater control through increased transparency and governance of your portfolio.
Our business is a division of Capita plc, a FTSE 100 company and the UKs leading provider of business process management and integrated professional support solutions.
We are one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, we pride ourselves on our approachable, collegial and team-based way of working. We always strive to exceed the expectations of our clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. We provide them with the highest-quality advice and legal insight, which combines the Firm’s global standards with in-depth local expertise.
DRC Capital LLP is an independent investment adviser focusing on the commercial real estate debt sector in Europe. Through its London-based dedicated debt investment platform, it offers advisory and origination services to borrowers and investors seeking high quality returns from commercial real estate. The company has been at the forefront of developing debt structures for the commercial real estate sector. DRC adopts an opportunistic approach focussed on high quality commercial real estate assets for both new and existing debt.
– Investment focus: acquisition financing, interim financing, refinancing, debt acquisitions
– Geographic focus: Western Europe, particularly the UK, Germany and France. Also the EU, Norway, Switzerland
– Asset focus: commercial real estate, particularly offices, hotels, retail and light-industrial
Since 2008, the DRC team has successfully arranged over £1bn worth of debt investments for its institutional investor client base
GÖRG is one of Germany’s leading independent business law firms with 270 lawyers at fiver offices in Berlin, Cologne, Frankfurt am Main, Hamburg and Munich, GÖRG advises on the core areas of business law. GÖRG has a leading reputation in restructuring and insolvency and is top ranked in corporate, real estate, banking and finance as well as in procurement law. Clients include renowned companies both in Germany and abroad, as well as the public sector. GÖRG has a wealth of experience, particularly in advising banks and financial service providers, real estate and energy companies.
Intex is the leading one-stop provider of cashflow models and analytics for the global structured finance industry. Intex has accurately modeled and maintains over 30,000 RMBS, ABS, CMBS and CLO deals issued in the US, Europe, China, Australia, Japan and elsewhere, representing close to 100% coverage across all these asset sectors and regions. Intex is relied upon by many hundreds of arrangers, investors, issuers and other major market participants who see an advantage in the completeness, accuracy and timeliness of Intex’s models and updates in support of trading, portfolio management and risk management applications. Intex’s applications include INTEXcalc for single-security and portfolio analysis and cashflow stress-testing, the INTEX Subroutine API for system builders, and INTEX DealMaker for structuring new deals. Intex is an independent, objective and privately-held company with offices in Massachusetts, London and Shanghai. Visit our website at www.intex.com
McCracken Financial Solutions Corp. is a leading full service vendor in the commercial real estate lending industry. McCracken’ s solution, Strategy, incorporates loan accounting, asset management, servicing, and investor reporting into a comprehensive solution for the entire loan life cycle. Easily accessible tools integrate business process management, business rules, and comprehensive information about the borrower, collateral, and loan history. The combination automates monitoring for risk indicators and initiates user-defined business processes to mitigate risk, meet regulatory requirements, and complete covenant compliance. Want a more proactive way to manage your portfolios? Take a look at McCracken.
Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s commitment and expertise contributes to transparent and integrated financial markets, and the firm’s ratings and analysis track debt covering approximately 120 sovereign nations, 11,000 corporate issuers, 21,000 public finance issuers, and 72,000 structured finance obligations
Rosling King is a City law firm which specialises in acting for private equity investors and debt funds on distressed debtportfolios, CRE finance, commercial litigation, construction and insurance policy advice.
Commerciality is in our DNA. Our clients come first; we challenge the norm, work through collaboration and go the extra mile.
REAG – Duff and Phelps Real Estate Advisory Group, provides a full range of real estate services. Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, tax, corporate valuation services, dispute consulting and real estate advisory services.
Real estate services include: Valuation, Technical DD, Project Monitoring, Investment Advisory, Debt Advisory (financing and re-financing of commercial real estate assets). Transaction Services, Commercial Due Diligence, Asset Management Support, Cost Segregation. REAG4docs sources and screens property documentation for data rooms and manages transaction processes / Loan Underwriting. REAG 4 loans focuses on activities related to Corporate and Retail Loan Services as well as to NPLs, REAL Estate Restructuring. ENVIRONMENTAL SERVICES provides consultancy covering environmental, risk & health, safety analysis, and sustainability audits.
Reed Smith is a leading international law firm with over 1700 lawyers in 27 offices throughout Europe, the Middle East, Asia and the United States. Founded in 1877, the firm represents leading international businesses from FTSE 100 corporations to mid-market and emerging enterprises. Its lawyers execute the full range of strategic, domestic and cross-border transactions, provide litigation and other dispute resolution services in multi-jurisdictional and high-stake matters and deliver regulatory counsel. Reed Smith is a pre-eminent advisor to industries including financial services, real estate, life sciences, health care, energy and natural resources, advertising, technology and media, shipping, manufacturing, and education.
Ropes & Gray is one of the world’s premier law firms, with more than 1,200 lawyers and legal professionals serving clients in major centres of business, finance, technology and government. The firm has offices in New York, Chicago, Boston, Washington, D.C., San Francisco, Silicon Valley, London, Hong Kong, Shanghai, Tokyo and Seoul, and has consistently been recognised for its leading practices in many areas, including private equity, M&A, competition, life sciences, health care, finance, investment management, hedge funds, tax, intellectual property, litigation, securities litigation, government enforcement, and privacy & data security.
Situs is a global provider of strategic business and technology solutions for investors and lenders in the real estate industry. Situs has been involved in over $1 trillion of real estate debt and equity deals across the U.S. Europe and Asia. Situs, is currently a rated servicer with Moody’s, Fitch and Morningstar, has more than $165 billion (€137 billion) of assets under management. With offices in London, Frankfurt, Dublin, Amsterdam and Madrid, Situs offers a wide array of services across Europe, including Loan Servicing, Loan Asset Management, Valuation Management and Distressed Solutions.
Lisa Williams – Executive Managing Director – Head of Europe
+44 (0) 20 7220 1854
Freedom to innovate
Solutus means ‘unbound’ or ‘free’. Unbound by the constraints of corporate ownership and free to think independently and deliver innovative solutions. Over the last five years we have grown considerably. Today, we offer a full spectrum of loan servicing solutions and manage projects in excess of £2bn for over 30 clients. Our independence enables us to adapt quickly to the unique challenges of each transaction, implementing tailored, value driven strategies that deliver our clients’ objectives.
For more information, contact us on 020 3735 1200 or visit www.solutus.co.uk
Spring11 provides commercial real estate advisory, due diligence and underwriting services.
Our areas of expertise include Performing and Non-Performing Loan Portfolio Acquisitions, NPL Workout, Master Servicing, Loan Origination and Securitization.
We offer our clients innovative, cost-effective and flexible staffing solutions through both on-site and off-site dedicated teams.
We have a diverse client base including investment banks, private equity investors, and bank and non-bank lenders.
Our extensive network of partners includes valuers, brokers, lawyers, servicers and other third-party service providers.
We are non-captive, providing unbiased, un-conflicted, confidential transaction support.
Spring11 is based in London, New York City, Atlanta and Chennai.
Trepp, LLC is the leading provider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industries. Trepp provides primary and secondary market participants with the tools and insight they need to increase their operational efficiencies, information transparency and investment performance. Today over 650 capital markets firms rely on Trepp’s exceptional models and data collection rigor for trading, pricing, risk management and portfolio analysis.
Wells Fargo has been servicing securitised commercial mortgage loans in Europe for more than ten years. Our dedicated third party and securitised loan servicing team in London, leverages the efficiencies of the global commercial mortgage servicing platform within Wells Fargo Bank, N.A. for operational support. We currently offer the roles of Facility Agent, Security Agent, Servicer, Special Servicer, and Liquidity Facility Provider in Ireland, the Netherlands, and the UK. Our current third party servicing book, including commercial mortgage-backed securities and balance sheet loans, is currently valued at £1.1 billion as of 2016.
We offer comprehensive corporate trust services for residential and commercial mortgage-backed transactions. We can work with you to determine your transaction needs and to customise a suite of business and technology services to optimise the performance of your transactions. Our superior technology and reporting systems make us ideal to support your transaction.
The Wells Fargo global platform is comprised of more than 930 team members spread across three continents, servicing approximately 32,360 loans totaling $507.3 billion.