ipd, an msci brand, at mipim 2013

©2013 Investment Property Databank Ltd. All rights reserved. ipd.com 1

IPD is a world leader in performance analysis for the owners, investors, managers, lenders on and occupiers of real estate. IPD provides critical business intelligence, including analytical

services, indices and market information regarding performance and risks to the real estate industry worldwide.

IPD is a subsidiary of MSCI Inc., a leading provider of investment decision support tools to investors globally.


IPD programme of events in Auditorium E

Tuesday 12 March 2013

12.00pm IPD Pan-European Investor Briefing: Launching the IPD Pan-European Quarterly Property Fund Index

1.30pm Property EU Investment Briefing: Will logistics move up the wish list for investors in 2013?

4.00pm AIFMD Implementation: Real estate risk management


IPD Investor Briefing: Launching the IPD Pan-European Quarterly Property Fund Index

12.00pm, Tuesday, HERE, Audi. E

Speakers:

Peter Hobbs, Senior Director, IPD

Joseph Kelly, Director of Market Analysis, RCA

Peter Epping, Portfolio Manager, Hines

Simon Radford, Board Member, AREF

Moderated by Richard Betts, PropertyEU



Speakers:


Emmanuel Van der Stichele, Fund Director, GELF

Stefan Wundrak, Director of Research, Property, Henderson Global Investors, Germany

Jean Lavieille, Deputy CIO, AEW Europe


PropertyEU Investment Briefing: Will logistics move up the wish list for investors in 2013?


Passages to Africa: South Africa and its neighbouring markets

2.30pm, Tuesday Hoban Room Speakers:

Sedise Moseneke, CEO, SAPOA

Arnold Meyer, CEO, Rendeavour

Carlo Matta, CEO, Laurus

Samuel Ogbu, CEO, Liberty Properties

Moderated by Phil Tily, Managing Director UK & Ireland, IPD


AIFMD Implementation: Real estate risk management


Speakers:

Daniel Piazolo, Managing Director DACH, IPD

Alexander Taft, Managing Director, Structured Finance Europe, Invesco Real Estate GmbH


Survival in a world of multi-channel: European retail as an investment

5.30pm, Tuesday Hoban Room Speakers:

Frédéric de Klopstein, CIO, Klépierre

Martin Bjöörn, Property Director, Eurocommercial

Robert Bonwell, CEO EMEA Retail, Jones Lang LaSalle

Moderated by Olivier Mège, Deputy Director Southern Europe, IPD


Wednesday 13 March 2013

11.00am Launch of IPD Barometer, in partnership with Crédit Foncier Immobilier (FRENCH)

3.00pm French real estate environmental performance: Presentation of IPD key indicators (FRENCH)

4.00pm Launch of the IPD/BVI German Quarterly Spezialfonds Index

5.15pm Lisbon as a bridge for new Portuguese investment opportunities



Brazil: New grounds for development

10.00am, Wednesday Gaudi Room

Presenter:

Antonio Gil Machado, Director Portugal, IPD


11.00am, Wednesday, HERE, Audi. E

Presenting in French

Speakers:

Olivier Mège, Deputy Director Southern Europe, IPD

Christian de Kérangal, CEO, Crédit Foncier

Antoine de Broglie, Chairman, STAM Europe

Jacqueline Faisant, Chairman, BNP Paribas REIM France

Launch of IPD Barometer in partnership with Crédit Foncier Immobilier


Evolving investment structures in Europe: Finding value in European funds & REITs

2.30pm, Wednesday Gaudi Room Speakers:

Matthias Thomas, CEO, INREV

Andrew Smith, Global Head of Property, Aberdeen Asset Management

Olivier Elamine, CEO, Alstria Office REIT

Jean-Edouard Carbonnelle, CEO, Cofinimmo

Moderated by Daniel Piazolo, Managing Director DACH, IPD


3.00pm, Wednesday, HERE, Audi. E


Presenter:

Philippe Fixel, Associate Director France, IPD

French real estate environmental performance: Presentation of IPD key indicators



Speakers:


Eitel Coridaß, Managing Director, Warburg Henderson

Launch of the IPD/BVI German Quarterly Spezialfonds Index



Speakers:

Antonio Gil Machado, Director Portugal, IPD

Manuel Salgado, Vice-Mayor of Lisbon

Rui Coelho, CEO, Invest Lisboa

Lisbon as a bridge for new Portuguese investment opportunities


Thursday 14 March 2013

9.00am The UK property market: investor & global context

11.30am French occupiers benchmarking: introducing multinational occupiers benchmarking (FRENCH)

3.00pm Property EU CEE Investment Briefing: Where are the best returns? Is it time to look at secondary?

4.00pm German and European returns of real estate



9.00am, Thursday, HERE, Audi. E

Speakers:

Phil Tily, Managing Director UK & Ireland, IPD


The UK property market: Investor & global context


11.30am, Thursday, HERE, Audi. E


Presenter:

Philippe Fixel, Associate Director France, IPD

French occupiers benchmarking: Introducing multinational benchmarks


The regulation game: Implications of Basel III, AIFMD and Solvency II for investment & financing debt

2.30pm, Thursday Gaudi Room Speakers:

Alexander Taft, Head of Investment Structuring, Europe, Invesco

Deborah Shire, Global Head of Business Development, AXA Real Estate

Jean-Roch Varon, EMEIA Real Estate Assurance Leader, Ernst & Young

Moderated by Peter Hobbs, Senior Director, IPD


3.00pm, Thursday, HERE, Audi. E

Speakers:


Michael Atwell, Head of Capital Markets, CEE, CBRE Poland

Martin Erbe, Head of International Real Estate Finance, Northern & Central Europe, Helaba

Daniel Harris, Managing Director, Europe & CE, Tristan Capital Partners


PropertyEU CEE Investment Briefing: Where are the best returns? Is it time to look at secondary?


Investing in residential and social housing

4.00pm, Thursday Auditorium A Speakers:

Alan Collett, President, RICS

Jorge Hereda, President, Caixa Economica

Peter Willisch, Managing Director, Patrizia WohnInvest

Stéphane Imowicz, Managing Director, Crédit Foncier

Moderated by Laurent Ternisien, Group Managing Director, IPD


4.00pm, Thursday, HERE, Audi. E

Presenter:


German and European returns of real estate


IPD’s market coverage as at end-2011 With more than 320 employees in 10 offices around the world


With more than 2,400 employees in 29 cities across 20 countries

IPD is now part of MSCI’s global footprint

24 msci.com ©2013. All rights reserved.


©2013 Investment Property Databank Ltd. All rights reserved. 25

IPD works with global industry leaders

Top 10 Global Fund Managers

1 CBRE Global Investors, LLC

2 Brookfield Asset Management

3 The Blackstone Group (HK) Ltd.

4 UBS Global Asset Management

5 RREEF Real Estate

6 Morgan Stanley Real Estate Investing

7 TIAA-CREF Asset Management

8 AXA Real Estate

9 J.P. Morgan Asset Management

10 Pramerica Real Estate Investors

Source: INREV/ANREV Fund Manager Survey, 2012

Top 10 European REITs

1 Unibail - Rodamco

2 Land Securities Group

3 British Land Co

4 Corio

5 Hammerson

6 Capital Shopping Centres Group

7 Klepierre

8 Segro

9 Derwent London

10 Fonciere Des Regions

Source: FTSE Group, September 2011

Top 5 Global Diversified Insurance Companies

1 American Intn Group

2 AXA Group

3 Allianz

4 MetLife

5 Zurich Financial Services

Source: Forbes Global 2000, 2012

Top 5 Global Investors

1 Abu Dhabi Investment Authority (ADIA)

2 Stichting Pensioenfonds ABP (APG Investments)

3 California Public Employees’ Retirement System (CalPERS)

4 Qatar Investment Authority

5 Allianz

Source: PERE Connect, 2012


Services for the industry Indices, Research

& Market Information Publication of market indices lead to more transparent

property markets. Strict rules guarantee the confidentiality of individual contributor’s data

Benchmarks & Portfolio Analysis Independent certification and benchmarking of investment property performance is provided to

fund managers on a strictly confidential basis

One databank constructed to IPD global standards

Services for our clients

The nature of IPD’s services From industry-wide market information to client-specific analysis


• Real estate as an asset class is growing and undergoing dramatic change as investment in real estate is becoming more institutionalised

• As a consequence, the demand for more, higher-quality real estate information amongst all sector participants is growing rapidly

• We provide services in 32 countries and our database contains properties valued at more than USD 1.4 trillion

• The IPD databank holds over 70,000 properties broken down into 130 data fields, on average, which are the basis for portfolio analytics and other services

• IPD data has transformed the quality of information on real estate assets and professionalised investment in the sector

• IPD has built up a globally renowned client base from all parts of the investment community

IPD is at the heart of real estate analysis Clients rely on IPD data & services to analyse their investment performance


IPD’s flagship performance and risk analytics Portfolio Analysis Service (PAS)

A reliable analysis & benchmarking service

• Designed to review and analyse the strengths and weaknesses of your portfolio’s performance and risk

Flexibility to tailor the service to your needs

• Standard or customised benchmarks

• From individual assets to portfolio/fund level

• A variety of report frequencies

• With the right access for the right people


Geography: weighting of countries to reflect

investments made or targeted

Sectors: property types can be weighted or excluded

to match fund specialisation

Leverage: debt can be applied assuming any profile

over time and any level of interest payment

Investment style: assets or portfolios can be included or excluded based on style

Currency: returns can be generated in any currency

Cash and Fees: can reflect industry average or fund’s own structure

Frequency: quarterly reporting possible for many

key markets

Global benchmarks can be defined using key variable components, with dimensions of flexibility


The value of your real estate investment performance being measured by IPD


IPD undertakes extensive market research each year, in response to the demand and interest from the real estate industry

IPD’s leading research & publications


IPD organises over 100 conferences, events and webinars globally, with industry sponsors, media partners and authoritative speakers

IPD’s global profile through events and indices

IPD produces more than 160

indices annually, and is constantly

adding to this suite with further sector and region

based research

Research led initiatives with extensive reach


REGISTER NOW

Early bird rates end 31 March 2013



Europe and Asia

9.30 - 10.30am GMT

North America

1 - 2pm EST

Register for the webinar launch at IPD.com/GFI


Global benchmark

• Consistent global dataset of funds and underlying assets

• Quarterly releases allow early capture of changes in the market

Improved decision-making & risk management

• Better comparison of performance relative to peers

• Valuable insight into drivers of individual fund performance

Capital raising & asset class comparisons

• Investors can better understand real estate and demonstrate benefits as an asset class alongside equities and bonds

• Fund managers can prove track record, articulate drivers of performance and justify strategy

The unique value of the new IPD Global Quarterly Property Fund Index


REGISTER NOW




mailto:[email protected];[email protected];[email protected];[email protected]?subject=IPD conference 2013. More info please.


Launching the IPD Pan-European Quarterly Property Fund Index

Join IPD for a buffet lunch and the results presentation HERE 12noon Tuesday in Audi. E

The IPD Pan-European Property Funds Index tracks the performance of pan-European open-ended funds.

This is the first investable index that allows comparison between fund and asset level performance across the European market.


Launching the IPD Barometer of French real estate investment for 2013: a year of transition

Join the results presentation HERE 11am Wednesday in Audi. E

For the first time, the IPD Barometer provides a two-year view to the end of 2014, giving a longer term perspective on the French market.

Investor contributors in France have given their predictions for future trends in the property market.


Presenting the IPD French real estate environmental performance key indicators

Join the results presentation here 3pm Wednesday in Audi. E

IPD recently published the first set of Environmental Performance Indicators for the French real estate market.

These indicators cover total energy consumption, primary energy consumption, CO2 emissions, water consumption and waste consumption.


Join the results presentation HERE 4pm Wednesday in Audi. E

All German Spezialfonds and German open-ended public funds that are exclusively open to institutional investors can contribute to this index.

The index includes property Spezialfonds regulated by the German Investment Law, together with public real estate funds for institutional investors.

Launching the IPD/BVI German Quarterly Spezialfonds Index



Don’t miss IPD in the new Europe RE Yearbook 2013 GET YOUR FREE COPY from Stand R29.00 Riviera Hall Featuring the IPD Who’s Who, the new IPD Global Fund Index and European Conference, and Peter Hobbs, IPD’s Senior Director talks about “Risk, regulation and income: the role of rental analysis for European real estate investors”.



Get your FREE copy of the Europe RE Yearbook for this year’s IPD features


REGISTER NOW


msci.com ©2013. All rights reserved.

MSCI – A Clear View of Risk & Return

A leading provider of world class, mission critical investment decision support tools to financial institutions worldwide, with over 40 years of experience

Delivering indices, risk and return portfolio analytics, corporate governance tools, and financial analysis services and products for use throughout the investment process

Covering major asset classes: equity, fixed income, hedge funds, energy, commodities and real estate

First provider of global equity indices and multi-factor risk models

Large and experienced team of index, portfolio analytics and governance specialists Over 2,700 employees in 22 countries

Supporting around 6,200 clients across 82 countries, including asset managers, banks, hedge funds and pension funds

2

1960s

MSCI launches first

family of global equity

indices

1970s

Barra launches first

multi-factor risk

models

1980s

Launch of MSCI

Emerging Markets

Indices

1990s

Key product launches

include Barra Aegis

and GICS®

RiskMetrics spins out

of JP Morgan

2000s

MSCI and Barra

combine operations RiskMetrics acquires

ISS, CFRA, Innovest

and KLD

2010s

Merger with RiskMetrics

Group brings leading risk

management brands

together

Acquisition of IPD adds

real estate expertise


Leading Brands Worldwide

3

MSCI products include the

MSCI Global Equity

Indices, MSCI ESG Indices

and MSCI ESG Research

products and services.

Typically used for asset

allocation, benchmarking

and performance

measurement, MSCI

indices are also licensed

as the basis for over 6001

financial products. MSCI

ESG Research provides in-

depth research, ratings and

analysis of environmental,

social and governance-

related business practices

to companies worldwide.

Barra equity and multi-

asset class portfolio

analytics products and

services help

institutional investors

manage their portfolios

more effectively.

Robust analytics are

powered by a range of

industry-leading Barra

factor models, and

combined with

advanced quantitative

tools.

RiskMetrics multi-asset,

position-based risk and

wealth management

products and services

enable clients to

measure and quantify

portfolio risk across

security types,

geographies and

markets. RiskMetrics is

well known for its Value

at Risk methodologies,

as well as being a

leading provider of credit

and counterparty risk

systems.

IPD products and

services provide critical

business intelligence to

the real estate industry

worldwide, including

analytical services,

indices and market

information regarding

performance and risk.

Clients include real

estate owners,

investors, managers,

lenders and occupiers.

FEA energy and

commodity asset

valuation products offer

a variety of quantitative

analytics tools for

valuing and modeling

physical assets and

derivatives across a

number of market

segments. They are

used by institutional

clients including energy

firms, money center

banks, Fortune 500

companies, trading

enterprises, and leading

financial firms.

ISS governance

research and

outsourced proxy voting

and reporting services

help institutional

investors and

corporations around the

world make more

informed investment

decisions on behalf of

the owners of

companies.

CFRA forensic

accounting risk

research,

legal/regulatory risk

assessment, due-

diligence, and

educational services

provide investors with

timely, impactful, and

independent analysis.

They are used by leading

financial firms,

insurance companies,

and regulatory bodies.

1 As of October 2012


Global Presence

4

Over 2,700 employees in 33 cities across 22 countries


MSCI Indices

Calculated since 1969, the MSCI Global Equity Indices have become integral tools in the investment processes of institutional investors around the world

They are used for research, asset allocation, benchmarking and performance measurement analysis

MSCI indices also form the basis of index linked products such as indexed funds, ETFs, and derivatives

Close to USD 7 trillion is estimated to be benchmarked to MSCI indices on a worldwide basis1

Over 5002 ETFs are based on MSCI indices

Key products include:

MSCI Country & Regional Indices

MSCI Sector Indices

MSCI Size & Style Indices

MSCI Risk Premia Indices

MSCI ESG Indices

MSCI Custom Indices

GICS ® - the Global Industry Classification Standard, developed jointly with Standard & Poor’s

5

1 As of March 31, 2012, as published by eVestment, Lipper and Bloomberg in September 2012 2 As of October 2012


RiskMetrics & Barra Risk Management Analytics

The depth and breadth of coverage offered by the RiskMetrics and Barra risk management products and services enables institutional investors to measure and quantify portfolio risk across security types, geographies and markets

The RiskMetrics and Barra brands were pioneers for many of today’s leading risk management practices including Value at Risk, multi-factor modeling and stress testing


RiskMetrics RiskManager A scalable framework, utilizing pricing models, analytics, and market-observable and derived risk factors for

enterprise-wide risk management

BarraOne A single platform for multi-asset class investment risk management and performance attribution

RiskMetrics HedgePlatform Helps institutional investors better manage their hedge fund investments using analytics calculated on the

position-level holdings of each fund

RiskMetrics CreditManager Provides a more complete picture of credit risk through the use of sophisticated risk and economic capital

management techniques and tools

RiskMetrics WealthBench A highly configurable system incorporating robust analytics, market-consistent inputs, back-tested models and

transparent methodologies for investment planning 6


Barra Portfolio Management Analytics

Barra portfolio management analytics products help fund managers and their teams construct, manage and analyze investment strategies and control the overall risk of their portfolios

Optimization, risk and performance analytics are powered by a range of equity, fixed income, derivative and alternative investment fundamental multi-factor models


Barra Aegis An advanced risk-adjusted equity portfolio construction tool, powered by Barra risk models

Barra Portfolio Manager Designed to help fund managers and their teams build better portfolios, regardless of investment process

Barra Optimizer An open software library that enables integration of the Barra optimization engine in investment platforms

Barra Models Designed to help Barra products forecast risk for equity, fixed income, cash and derivative instruments, at both

the asset and portfolio level

7


IPD Real Estate Indices & Analytics

A world leader in real estate performance and risk analysis, providing critical business intelligence

to real estate owners, investors, managers, lenders and occupiers worldwide

IPD analysis tools can be applied across all types of real estate: direct property, listed and unlisted vehicles,

joint ventures, separate accounts and debt

Clients include global fund managers, boutiques, listed companies, REITs, unlisted funds, pension funds,

insurance companies, sovereign wealth funds, endowments, banks, private equity real estate managers,

property consultants, public sector organizations and governments


Portfolio Analysis Service (PAS) Provides independent performance analysis and benchmarking of real estate portfolios and investments using an array of powerful

comparative measures and analytics that are used to inform investment strategies

Indices Direct property market indices, property fund indices and transaction-linked indices provide definitive statements of investment

returns to property markets across the globe

Digests Key market information detailing market level analysis on national markets with regional and sector level segments

IPD Rental Information Service (IRIS) Helps researchers, fund managers and investors to assess the strengths and weaknesses of their cashflow, including covenant

strength analysis

RiskWeb Identifies where the risk of investment lies, and how it compares with the corresponding benchmark. RiskWeb focuses on risks such

as income security, lease length, covenant strength, development exposure, vacancy rate and asset / location / tenant concentration

8


FEA Energy & Commodity Analytics

9

A leading provider of commodity derivatives and asset optimization analytics to utilities, energy firms, trading houses and financial services firms

FEA analytics are in use at over 200 institutions globally


FEA @Energy Models

Valuation of exotic energy/commodity options

FEA VaRworks, FEA PowerWorks

Portfolio risk management

FEA Storage, FEA Swing, FEA Power Generation

Physical asset optimization for natural gas and power generation facilities

FEA StoragePLUS, FEA StructureTool

Valuation of energy transportation and structured products


MSCI ESG Research

Provides in-depth research, ratings and analysis of the environmental, social and governance-related (ESG) business practices of thousands of companies and countries worldwide

MSCI ESG Research builds on the expertise and achievements of sustainability pioneers KLD, Innovest and IRRC, acquired through MSCI’s acquisition of RiskMetrics

Clients include institutional investors, asset managers, advisers, governments and government agencies, consultants and NGOs


MSCI ESG Manager An integrated online ESG research, analytics and ratings platform designed to provide asset managers and owners

with a suite of tools to efficiently manage ESG analysis and compliance tasks across the spectrum of ESG factors

MSCI ESG Sovereign Ratings Identifies a country’s exposure to and management of ESG risk factors and explains how these factors might

impact the long-term sustainability of its economy

MSCI ESG Portfolio Analytics A unique tool for assessing the ESG characteristics and risk profile of portfolios and to measure ESG exposure of

portfolios relative to index benchmarks

MSCI Custom ESG Research Provides bespoke services specified by clients to help them meet their particular ESG investment needs, with

regard to content, formatting, and delivery schedules

10


Institutional Shareholder Services (ISS)

World’s leading provider of corporate governance solutions to the global financial community

Provides comprehensive research, ratings and analysis of corporate governance practices on 40,000 companies across 115 markets worldwide

More than 1,700 clients rely on ISS' expertise to help them manage their fiduciary duties and make more informed investment decisions. Clients primarily include asset managers, pension funds, alternative investment advisors

Separately, ISS’ Corporate Services unit is a leading provider of governance data and analytics to corporate issuers, while its Securities Class Action Services unit is a leading provider of class action research and claims filing services for institutional investors


ISS Corporate Governance Advisory Services Allows institutional investors to understand corporate governance risk within portfolio companies and take appropriate proxy voting

action

ISS M&A Edge Delivers detailed insight and communication to help clients better understand the strategic rationale for the M&A and its impact on

valuation, corporate governance and shareholder rights

ISS Proxy Voting Services Outsourced proxy voting solution, through the simplicity of a highly advanced and integrated platform, ProxyExchange

ISS Governance Data Helps institutional investors and corporate issuers analyze executive compensation, Board practices, shareholder rights and more

through a company performance/shareholder value lens

ISS RecoverMax Outsourced solution that helps institutions maximize recoveries from securities class action settlements

11


CFRA

Since 1994, CFRA has been the recognized leader in forensic accounting research. CFRA’s unique exception-based research helps uncover underappreciated differences between reported financial results and underlying economic reality

Companies uncovered through this process and added to CFRA’s Biggest Concerns List have significantly underperformed all relevant benchmarks

Clients include top global institutional investors, hedge funds, and D&O insurers and regulatory bodies


Advisory Services Accounting Lens is CFRA’s flagship product and service that delivers market leading, accounting-based actionable

ideas, thematic industry and accounting research, and a direct line to CFRA research analysts Legal Edge provides proactive, timely analyses to help clients identify legal and regulatory risk

Solutions Services Bespoke Research is CFRA’s premiere custom forensic accounting service. The team of highly-skilled analysts

deliver research, insight and consultation on client-specified companies, based on CFRA’s methodology or the client’s own criteria

QuickScore is CFRA’s unique family of quant models that provides earnings and cash flow risk screening of over 10,000 global and North American companies

12


Throughout Your Investment Process

13

Clients use MSCI’s indices,

risk and return portfolio

analytics, corporate

governance tools, and

financial analysis services

and products throughout

their investment processes

to make more informed

investment decisions


Throughout Your Organization

14

MSCI products and tools are used by many different departments— from

portfolio managers to risk analysts, from marketing departments to CIOs

Asset Allocation

Derivatives & Structured

Products

Research

Client Marketing &

Reporting

Portfolio Management

Risk Reporting

Sales/Trading

Asset Liability Modeling

Performance Measurement

Risk Measurement

Risk Management

Enterprise Wide Risk

Management

Compliance

Proxy Voting Management

Due Diligence

Financial Analysis

Training

Advisory Service

D&O Dashboards

msci.com ©2013. All rights reserved. 15 msci.com

Contact Us

MSCI, Barra & RiskMetrics FEA

[email protected] [email protected]

www.msci.com www.fea.com

ISS CFRA

[email protected] [email protected]

www.issgovernance.com www.cfraresearch.com

IPD

[email protected]

www.ipd.com

ipd, an msci brand, at mipim 2013

Documents

property director

fund director

director dach

director portugal

senior director

director of research

pm lisbon

pm launch