CONFERENCES: Property In The Spotlight
Recent Western Cape Business News
Property investment is the centerpiece theme at next month’s annual IPD/SAPOA Property Investment Conference in Cape Town, as savvy investors seek to come to terms with the role of property in a post-credit crunch global investment portfolio, as well as the uses and misuse of leverage and allocations to risky assets and sectors.
The annual conference, now in its 7th year and entitled “The world has changed – new agendas, new realities for real estate”, is targeted at South African property investment market participant and will feature a cross-section of the country’s senior industry figures, as well as handpicked overseas experts.
“In this environment more than ever, property practitioners require up-to-date market knowledge, strategic business planning and targeted industry networking to gain a genuine competitive advantage,” says Stan Garrun, managing director of IPD SA. “While the bears may still outnumber the bulls on the horizon, pockets of value are there for innovative, well-informed property investors and managers.”
The conference – at The Pavilion Conference Centre in Cape Town on July 30 to 31 2009 – kicks off with focused presentations and a panel session, dubbed “The Changing Landscape” of South African property investment. Speakers include former Democratic Alliance leader Tony Leon and CB Richard Ellis International director Nick Axford, who heads up the global property consultancy firm’s Europe, Middle East and Africa (EMEA) research and consulting division.
Further day one conference highlights include detailed sessions on capital markets, governance and valuation issues.
Garrun added: “We need to ask some tough questions: for instance, where will the new capital into the South African property market come from? And, how reliable are property valuations; as well as who will provide the leverage and to what extent should it be applied?”
The second day spotlights “Changing Markets”, chaired by respected property economist and Wits University professor Francois Viruly, and “Managing Change”, chaired by Pareto Limited managing director Alex Phakathi. “South African property investment have outperformed equities and posted positive income and capital returns in 2008 but the trends are down. This conference, in many ways, is our most important yet; it will address what all this means for investors going forward as well as where the opportunities and risks lie,” concludes Garrun.
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