September 30 – October 04, 2015 Venue: Crowne Plaza St. Petersburg – Ligovsky 4*, 61, Ligovsky pr., St. Petersburg
Instructor: Alexander Ivanov, CPM ®, Managing Partner, Grant Thornton Corporate Finance. In 1994 graduated from the Moscow State University. In 1995 he established the Russian Valuation Company, which has become one of the leaders in property valuation market. In 1998 Mr. Ivanov received CPM degree and in 1999 got accreditation of the IREM instructor. He also has CCIM, RICS and TEGOVA degrees. Mr. Ivanov has wide experience in real estate consulting. He has implemented many investment, valuation, concept design and financing projects.
3rd BLOCK PROGRAM
ASM603 – Investment Real Estate Financing and Valuation – Part One Economics of real estate investment. Financial goals and objectives of the owner, macroeconomic influences on real estate investment Sources of financing. Public and private lenders, lender perceptions and requirements Loan calculation. Loan types, loan amortization, effective interest rate calculation Loan analysis. Loan-to-value, debt coverage, leverage applications Property valuation and capitalization rates. Appraisal methods, capitalization rates, mortgage equity analysis, equity residual model
ASM604 – Investment Real Estate Financing and Valuation – Part Two The time value of money. Components and calculations of TVM Discounted cash flow and leases. Financial impact of lease concessions, lease buyouts, lease proposal comparisons Discounted cash flow and valuation. DCF analysis vs. capitalization, market value calculation, investment value calculation Measures of investment return. Cash-on-cash return, value enhancement, net present value, internal rate of return Mid-stream analysis. Reasons for conducting a mid-stream analysis, mid-stream analysis calculations
ASM605 – Investment Real Estate Financing and Valuation – Part Three Before-tax cash flow. Applying concepts to conduct cash flow analysis Analysis of alternatives. Testing potential courses of action for a property Making a recommendation. Determining the best alternative given ownership goals Taxation. Overview of taxation and its impact on real estate
Business tour Helsinki – St. Petersburg Technologies of the North: construction and management of buildings
September 21 – 25, 2015 General partner: YIT Partners: VTB Development, SRV, NAI Becar, BTK Development * *To be confirmed
Four-day program includes visits to: • New residential and commercial projects of St. Petersburg (1 day) • Completed and under construction projects in Helsinki (3 days): commercial, residential, mixed-use projects and social infrastructure (elderly care homes, school, student campuses)
Themes: • Master planning with functional allocations • Development in historical areas • Management of mixed-use projects • Residential project of different price ranges • Energy efficient technologies, infrastructure, engineering systems, finishing
Academy of Real Estate invites you to participate in the annual Capacity building conference “Warehouse management”. It will take place on April 24, 2015 at ARTPLAY (10, Nizhnyaya Syromyatnicheskaya str., Moscow). The leading experts will discuss the most acute problems of owners and management companies, share experience and find solutions for warehouse management in the times of crisis.
The event is organized by: Academy of Real Estate (ARE), supported by PROEstate Events and the Russian Guild of Property Managers and Developers.
Each owner of warehouse property is interested to get stable income, retain tenants in the times of crisis, optimize operational costs, decrease project prime cost.
The program will also include information about the current tendencies in:
tenant needs (location, size, format)
rent rates, bonuses for tenants
conditions of rent agreements
forecasts for warehousing market 2015
new equipment: to buy, or nor not to buy
taxes: cadastral value of land plots
Vyacheslav Holopov, Partner and Director for Office and Warehouse Property of Knight Frank Russian and CIS
Ilia Pronichkin, Head of the tenants’ department of MLP
Aleksander Perfiliev, Commercial Director of Warehouse and Industrial property of Accent Property Menagement;
Olga Mironova, Commercial Director of Dega Group;
Aleksander Mamunin, Commercial Director Александр Мамунин, коммерческий директор направления индустриальной недвижимости компании PPF;
Ekaterina Leksina, Head of Marketing Department of FM-Kraft Management company
Artem Pichugov, MRICS, Head of Management department of Radius Group
Aleksander Kuzin, Senior Consultant of Warehouse and Industrial property of CBRE
Sergey Kazinets, Partner of the law firm AVELAN
Olga Gavrilova, Deputy Director for work with clients of MD company
Leading experts discussed advantages of BIM-technologies at the annual capacity building conference: “Construction management”.
Building information modeling (BIM) is a process involving the generation and management of digital representations of physical and functional characteristics of a construction project on all stages of its lifecycle – from project planning to operation and demolition.
Marina Korol, MAAM Professor, General Director of Concurator, Executive director of Non-commercial Partnership Intellectual construction, believes that BIM is an advanced technology, which has already proved its relevance and importance on the state level.
According to Sergey Volkov, Managing Partner of Smart Innovative Building Solutions, Building information modeling is a new integrated visual approach to information analysis and management. The technology is most relevant in the times of crisis when the business is trying to reduce costs and increase efficiency.
Raymond Fadel, Regional Director of AECOM, confirmed that BIM-technologies help to save time and money, enable to foresee possible risks. Konstantin Zakharov, Manager for Business Development at Autodesk, assures that by means of applying BIM-technologies it is possible to cut project costs by 10-30% at the stage of construction. Moreover, building information modeling helps to reduce time for project documentation preparation by 5 months and time for design – in 2 times.
Berksan Buyukyildiz, Managing Partner of Orteksan, shared plans of Turkish construction companies to launch joint projects with some Russian real estate companies. Partnership contract signing will be held in Moscow at the International Real Estate Investment forum PROESTATE. To see the whole episode at RBC TV, follow the link.