Capital Markets Forum

Tue 27 May 2:00 PM — 5:30 PM (GMT+08:00) Beijing, Chongqing, Hong Kong, Urumqi

Type Concurrent Session Open to All Attendees Separate Registration Required

The ULI Asia Pacific Capital Markets Forum is the marquee event for the ULI investment community. This forum will deliver critical insights into emerging investment opportunities across Asia Pacific's dynamic property markets. The Forum will investigate the key trends in Asia Pacific real estate investment. What are institutional investors looking for? Where can distressed situations be found? Which sectors will produce the best returns? Which markets offer the best opportunities? How can asset owners drive value creation in their properties?

The ULI Asia Pacific Capital Markets Forum offers three hours of in-depth analysis and strategic discussion which will inform your investment approach in 2025 and beyond.

14.00 – 14.05 - Welcome & introduction

14.05-14.25 Asia Pacific Real Estate Investment Market Update

Real estate capital markets began to recover in terms of transaction volumes in late 2024, but the regional and global economic and political outlook remains uncertain. This presentation will provide up-to-date insights on the macro picture for the region, what equity market movements indicate may happen in direct real estate and signs of recovery in China and Hong Kong.

14.25 – 15.05 Investor panel: where to allocate capital in Asia Pacific?

Institutional and family office investors targeting real estate across the Asia Pacific discuss their outlook on the investment environment. What does Asia Pacific offer to global investors? Is logistics still favoured in a deglobalizing world? Which sectors and markets do investors favour and which do they avoid? Which strategies will attract LP dollars?

Panellists:

Graeme Torre, Managing Director, Head of Real Estate Asia Pacific, APG Asset Management

Emilia Teo, Managing Director, TE Capital

15.05 – 15.45 Japan: getting away from the crowds

Japan is as popular with real estate investors as it is with tourists. Where can you find assets at the right price? Could corporate Japan be the place to secure assets and hit return targets, and counteract the rising cost of debt?

Moderator: Joel H. Rothstein, Shareholder, GreenbergTraurig

Panellist(s):

Laurent Jacquemin, CEO AXA IM Japan and Head of Asia Pacific, AXA IM Alts

Jon Tanaka, Head of Asia Pacific and Country Co-Head of Japan, Hines

Kunihiko Okumura, Asia Pacific Co-CIO and Head of Japan, LaSalle Investment Management

15.45-16.05 Networking break

16.05-16.40 A deep dive into data centres

Asia Pacific data centre transactions rose tenfold year-on-year in 2024 and demand continues to rise, driven by the needs of AI and digitalising economies. We examine the outlook for this red-hot sector and how to access it.

Panellist(s):

Morgan Laughlin, Managing Director, Global Head of Data Center Investments, PGIM Real Estate

16.45 -17.25 Panel: Unlocking value in Asia Pacific real estate

In the absence of widespread repricing, where can investors in Asia Pacific real estate find value? Leading investment managers discuss options across markets, sectors and investment avenues. The discussion will cover distressed opportunities, sweating assets, using and investing in debt, adding value with ESG and more.

Panellist(s):

John Pattar, Partner, Head of Real Estate Asia, KKR

Calvin Chou, Managing Director, Head of Asia Pacific, Invesco Real Estate

Ellen Ng, Managing Director and Co-Head of Asia Real Estate, Warburg Pincus

17.25-17.30 - Conclusion

Speakers

Panelist

Mr. Calvin Chou

Managing Director, Head of Asia Pacific Invesco

Calvin Chou is a Managing Director and the Head of Invesco Real Estate in Asia Pacific. Calvin joined Invesco Real Estate in 2015. Prior to Invesco, he was the Head of Morgan Stanley Real Estate Investing (MSREI) for Greater China and Southeast Asia since 2006. Calvin began his career working for Morgan Stanley from 1998 to 2015 in New York, Singapore, Shanghai and Hong Kong.…

Panelist

Mr. Laurent Jacquemin

Head of Asia-Pacific, AXA IM Real Assets, Japan AXA IM Alts

Laurent is Head of Asia-Pacific at AXA IM Alts, where he oversees investment, asset management, and capital raising activities across the region. He manages operations from offices in Japan, South Korea, and Australia, and plays a key role in shaping the firm's global strategy through his seat on the Real Estate Management Board and the GLobal Inviestment Commitee. In June 2022, Laurent was appointed President…

Panelist

Mr. Morgan Laughlin

Managing Director, Global Head of Data Center Investments PGIM Real Estate

Morgan A. Laughlin is a managing director and global head of Data Center Investments. Morgan is also member of the Asia Pacific Investment Committee and the Asia Pacific Executive Committee. Prior to January 2024, Morgan was also country head for PGIM Real Estate in Japan and Korea. During his time at PGIM, he has also held the roles of head of Asia Pacific, head of…

Panelist

Ellen Ng

Managing Director, Co-Head of Asia Real Estate Warburg Pincus, LLC

Ellen Ng joined Warburg Pincus in 2005 and serves as a Managing Director and is Co-Head of Asia Real Estate. She is a member of the Executive Management Group and leads the firm’s real estate activities in Asia. Ellen currently serves on the boards of DNE Group, Princeton Digital Group, CREATER Group, Bohao Group, Golden Union Assets, Mofang Apartment, Sunsea Parking, Weave Living and StoreCool…

Panelist

Mr. Nick Okumura

Co-Chief Investment Officer, Asia Pacific LaSalle Investment Management K.K.

Kunihiko (Nick) Okumura is Co-Chief Investment Officer for LaSalle in Asia Pacific and Chief Executive Officer of Japan, roles to which he was appointed in January 2021 and in March 2023 respectively. He is also a member of the Asia Pacific Investment Committee. Nick joined LaSalle Japan in 2011 and served as Head of Acquisitions and Asset Management for higher return strategies in Japan for…

Panelist

Mr. John Pattar

Partner & Head of Real Estate Asia KKR

John Pattar (Hong Kong) joined KKR in 2018 and is a Partner and Head of KKR's Real Estate business in Asia Pacific. He oversees all aspects of the firm’s Asia Real Estate business including the investment strategy, asset management and fundraising of KKR’s Asia Real Estate opportunistic fund series, as well as the firm’s Asia Core Plus Real Estate strategy. Mr. Pattar is a member…

Panelist

Mr. Joel Rothstein

Shareholder and Chair, Asia Real Estate Practice Greenberg Traurig

Joel H. Rothstein is an international real estate and structured finance lawyer and Chair of the Asia Real Estate Practice of the global law firm of Greenberg Traurig LLP. He advises investment banks, financial institutions, private equity funds, sovereign wealth funds, real estate developers, and investors across all major Asia markets with a focus on Japan, Greater China, and South Korea. He also leads the…

Panelist Asia Pacific Summit Program Committee

Mr. Jon Tanaka

Head of Asia Pacific and Country Co-Head Japan Hines

Jon Tanaka serves as the Head of Asia Pacific and Country Co-Head of Japan at Hines. He oversees the Asia Pacific real estate services business while continuing to grow and manage the Japan team and portfolio. Tanaka joined Hines in 2021 and brings more than 30 years of real estate development and investment experience. He led the rapid expansion of Hines’ Japan portfolio of developing…

Panelist

Ms. Emilia Teo

Managing Director TE Capital Partners

Emilia Teo is the Managing Partner and Co-Founder of TE Capital Partners, where she oversees the real estate private equity firm’s investment strategy and asset management activities across its key geographies including Singapore, Japan, and Australia and has served as Executive Director of Tong Eng Group, a Singapore based real estate developer group since 2012 In 2019, Emilia co-founded TE Capital Partners, a Singapore based…

Panelist

Mr. Graeme Torre

Managing Director and Head of Real Estate APG Asset Management Asia

Graeme Torre is Managing Director and Head of Real Estate, APG Asset Management Asia. Based in the Hong Kong office he is responsible for the private and public market real estate portfolios in Asia Pacific. Prior to joining APG in 2017, Graeme was Managing Director, Asia Pacific for Invesco Real Estate (formerly AIG Global Real Estate) and prior to that Head of Asia Property for…

Capital Markets Forum

Speakers

Managing Director, Head of Asia Pacific Invesco

Head of Asia-Pacific, AXA IM Real Assets, Japan AXA IM Alts

Managing Director, Global Head of Data Center Investments PGIM Real Estate

Managing Director, Co-Head of Asia Real Estate Warburg Pincus, LLC

Co-Chief Investment Officer, Asia Pacific LaSalle Investment Management K.K.

Partner & Head of Real Estate Asia KKR

Shareholder and Chair, Asia Real Estate Practice Greenberg Traurig

Head of Asia Pacific and Country Co-Head Japan Hines

Managing Director TE Capital Partners

Managing Director and Head of Real Estate APG Asset Management Asia

Four days of inspiration, thought leadership, and connections

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