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THE REAL ESTATE CONFERENCE – THE RESILIENT AND FLEXIBLE MARKET

Date:20/06/2022 3:00 pm
Location: Radisson Blu Hotel Bucharest

Flexibility, transformation ability, shift to digital and the focus on safety are now common concepts that the markets and their stakeholders had to incorporate fast in the past two years. The real estate segment has been always tightly connected with the economic and social swings and during the past years, had to completely reinvent its business models and expectations. The past years have changed almost everything for businesses, leaders, employees and the overall mindset of the real estate stakeholders.

In order to find out how 2022 looks from their perspective, THE DIPLOMAT BUCHAREST organizes the second edition of REAL ESTATE CONFERENCE on June 20, 2022 at Radisson Blu, Atlas 1 conference room.

Website event: REAL ESTATE CONFERENCE 2022 powered by The Diplomat Bucharest

The conference dedicated to overall real estate industry in Romania highlights the major trends of the office, industrial and residential markets and explores how many existing trends have been accelerated, others completely transformed while it spawned new innovative ones. Business models have changed in all industries. The markets discover more flexible methods tailored to the customers’ needs.

GOLD PARTNERS: Vastint, Immofinanz, Olympian Parks, Crosspoint Real Estate

PARTNERS: Colliers, Extind Management

SUPPORTING INSTITUTIONS: BREC – Bucharest Real Estate Club, BRCC- British Romanian Chamber of Commerce, Belgian Luxembourg Romanian Moldovan Chamber of Commerce, ClujIT Cluster, ADAA-Association for the Development of Local Entrepreneurship, Lovering & Partners Business Performance Consultants, HIM Public Affairs, SCS, Wave

MEDIA PARTNERS: Automotive Today, Outsourcing Today, Financial Intelligence, Economistul, Romania Durabila, Club Economic, Ziarul Bursa

EVENT AGENDA

15:00 15:30 Registration and welcome coffee

15:30-16:30    SESSION I:  KEEPING  THE MOMENTUM  GOING  IN THE OFFICE

CONTEXT:  According to CBRE, in 2022 the supplies of new modern office space will be at its lowest level since 2017. Demand is growing steadily, with the percentage of pre-leases reaching 15% from total leased area. Romania is in direct competition with the rest of the CEE countries, especially Poland, in terms of opening centres of excellence / shared services, which adds pressure to the existing stock of modern office space.

RECOVERY & REDESIGNED BUSINESS MODELS

The office market is an asset class and it has faced cyclical and structural changes during the past two years. Strongly related to people- behaviour and market swings, it had to adjust and adapt to the new realities fast and effective. The global office market and subsequently the local office market reinvented the business models in leasing, development and administration of offices, anticipated the future trends and prepared for the future of work. As economic momentum continues to build and the labour market not only recaptures lost jobs but starts to create new ones, the outlook for the office market is estimated to improve.

  • Main changes and evolutions in the office sector in 2022
  • Challenges in addressing the needs of office developers and administrators in 2022
  • Adjusting to the new realities of workforce needs and expectations: Solutions and balancing the offer with the need
  • Changes in rental prices and main cities with potential to build offices

HYBRID WORKING

The workspace is based on three operational models:  the centralized workplaces, decentralized remote organizations, and the hybrid “best of both worlds” approach. Once the employees gained a taste for remote working and flexible working spaces, this cannot be changed easily. Now, the employees have a choice rather than being compelled to old working styles. Organizations are clearly undergoing a mindset change with the idea of a centralized workplace.

  • Return to office vs. hybrid flexible working model: Positive and negative aspects
  • The voice of employees: What they say about returning to office?
  • How will the office segment evolve in the next years based on current estimations?

DIGITAL OFFICE

The technologies and digital services are not new for office spaces. Among the early adopters of the new technologies, the office spaces have transformed tremendously in the past decade. However, the past two years moved even further the emerging technologies and the cutting-edge tools into the office, either virtual or on-site. Digital communications supplied a lifeline during the pandemic years and the digital offices may change the entire industry as it has never been anticipated before.

  • Which are the most used and effective technologies and office tools in flexible and remote working?
  • The tech-savvy generations vs. the traditional senior employees: Balancing the expertise & solutions
  • Addressing the cybersecurity at onsite office and remote offices: Solutions and risks

16:30-16:45 Networking & Coffee

16:45-17:45      SESSION II:  THE GOOD YEARS FOR INDUSTRIAL SPACES

CONTEXT: LOGISTICS & INDUSTRIAL

An increasing number of companies are considering moving their production facilities from the Far East to Europe, particularly Central and Eastern Europe, due to lower rental and labour costs. Romania occupies a privileged place, getting in the sights of many manufacturing companies, due to one of the lowest human resource costs in the EU as well as the second position, after Poland, in terms of rental costs for the industrial and logistics segment, at a consistent difference with the rest of the CEE countries: Bulgaria, Hungary, Czech Republic or Slovakia.

THE GROWTH OPPORTUNITIES & INVESTMENTS

Favoured by the demand increase of e-commerce segment and the expansion of national retailer networks consolidated in previous years, the industrial spaces market has had a remarkable year in 2021 and the growth opportunities seem to keep pace also in 2022. The growth that has emerged in the context of the pandemic, such as the shortening supply chains between Asia and Europe, by moving production facilities to Central and Eastern Europe, as well as increased availability of local labor, are more than beneficial for Romania. The high expectations of tenants trigger the innovation potential of industrial spaces owners and builders that need to stay connected with these new realities in order to thrive and stay relevant in the competition game.

  • How good has been 2022 so far to industrial space development?
  • What are the main growth triggers for industrial and retail spaces market? What to expect in the next years?
  • What industries are the main clients for industrial spaces?
  • How did the rental prices evolve in the past years and what are the expectations for the next year?
  • Funding and PNRR funds for industrial developments

GREEN AND SUSTAINABLE APPROACH

The global good practices and regulations with respect of the green and sustainable indicators to be met by organizations in all sectors are also applicable to industrial segment. The eco—friendly industrial spaces are all impacted by the necessity of reaching green parameters. The tenants are also sensitive to these indicators, as in their turn, need to address them in their business models. The next decade will also bring some major trends which will have a deep impact on the industry, from enforcing stricter environmental rules to a continuous push for automation in this sector.

  • Trends in industrial and retail developments focusing on sustainability
  • Incentives to build and develop for sustainable purposes
  • The costs of being sustainable: How does it look for the industrial and retail segment?
  • How sensitive are clients to the aspects of sustainable implementations?

AUTOMATION AND TECHNOLOGY

Automation and the effective use of new technologies in on the top agenda of industrial spaces developers. The fast technology evolution is put at the good use in the benefit of developers, tenants and customers. The future trends picture a scenario where fully automated industrial halls with autonomous vehicles and AI-based facilities.

  • What kind of automation and technologies are most used in development of industrial and retail spaces?
  • What success stories have been written in the past years in terms of development of top industrial or retail spaces?
  • What impact on costs for developers does the implementation of top technologies have?

17:45- 19:00 Networking Cocktail

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TARGET AUDIENCE

  • Commercial and residential real estate investors
  • Real estate brokers, Real estate appraisers, Architects, Builders, Developers and other real estate industry-related professional

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