Global Capital Sources CEE SUMMIT 28-29 June, 2017 Global Capital Sources Richard Divall Head of Cross Border Capital Markets EMEA for Colliers International This Title Slide is to be used with a custom blur image background. The image blur can be created in either PowerPoint or Photoshop. Please see the document “PPT Image Blur Instructions 2014” for guidance.
Sovereign Wealth Funds
Global Insurance Companies/PF’s/Chinese SoE’s
Private Equity Funds
Family Offices
Cash Rich Developers & Global REITS
Global IM’s
Issues to Global Capital entering CEE Small teams ‘Gateway Cities’ Fund into funds CEE developing markets Access by flights Finance costs Legal & tax transparency Availability Exit strategies Contingency Political uncertainty
CEE Investment flows in a healthy state 2016 flows at a cyclical high; Q1 2017 estimated flows well ahead of Q1 2016 Historical CEE investment volume (€ bn)
The Changing of the Guard 2011’s regional volume split 2016’s regional volume split
The Asians Asian investment in CEE 2015 (EUR min)
Political uncertainty and Rand volatility
Reasons for overseas property investment Diversification
Reasons for overseas property investment Lack of suitable domestic opportunities
Reasons for overseas property investment Attractive overseas markets Risk Reward
Who is investing? Traditional Investors Recent wave Life and Pension funds Prop Cos HNW & U-HNW South African Multinationals Listed Real Estate Funds/Developers/REITs
Richard Divall Head of Cross Border Capital Markets EMEA for Colliers International