An exciting and productive opening day didn’t deter participants from rising early and kicking off day 2 with renewed energy. The morning was centered heavily around the current global economy and the impact of the euro zone crisis on cross border investment. Following a high-powered networking moment at the Leader’s Breakfast, Dr. Yuwa Hendrick-Wong, Global Economic Advisor, gave a compelling keynote on Wealth Creation in the New Global Economy: Implications for Property Markets in Asia. Dr. Hendrick-Wong pointed out that OECD middle class per capita income has seen slowing growth in past 20 years, causing backlash. He also noted that by 2016, China will have as many households as in the USA earning $43k per year.
There was great success in the first ever LP Morning, a new format with 2 specific workshops: Allocation of Investment Real Estate: the changing landscape and LP’s vs. GP’s: need for a new model? Discussion leaders from Tokio Marine Property Investment Management Inc., GE Asset Management, GIC Real Estate International , Korea Construction Workers Mutual Aid Association CPPIB Asia, Ping An Trust Co. Ltd, DTZ, and First Swedish National Pension Fund.
The afternoon highlighted John Divine and Carmine Rotondaro as they presented a fascinating Keynote on a Retail Success Story and the impact that the digital world has had on the brick and mortar concept.
As the day winded down, anticipation for the MIPIM Asia AWARDS could be felt among participants. Award Winner rankings were announced and invited on stage to receive their prizes following a magnificent dinner and ceremony in the prestigious ballroom of the Grand Hyatt.
IMAGE: Image & Co.