THE GRI<br>CHAIRMEN'S<br>RETREAT

THE GRI
CHAIRMEN'S
RETREAT

16-19 January 2020
Badrutt's Palace Hotel
St Moritz

A private encounter

A private encounter
BY PERSONAL INVITATION
The 19th GRI Chairmen’s Retreat will take place in St Moritz on 16-19 January 2020.

By personal invitation only, the GRI Chairmen’s Retreat is a 3-day, living-room conversation reserved for the global real estate head within any organization or the immediate #2.

This annual reunion is on a first name basis and is limited to substantial real estate investors, owners, developers and lenders (only asset owners are invited).

Over 60% bring their spouses.

There is no meeting more senior of the real estate industry’s leadership.

If you think your company’s real estate chiefs fit the profile and belong at such an unusual gathering, we would be happy to review inquiries here for consideration as members of the GRI Chairmen’s Retreat.

What if

What if
What if…
…one had an opportunity to get sparks of inspiration from spending three days in secluded collegiality and unhurried conversations building easy friendships with the world’s foremost real estate investment decision-makers looking for partners and investment ideas?
 
What if…
… one was a property company looking at intriguing projects requiring greater financial resources than available?
 
What if…
… one was looking to place capital in the smartest way possible across a world with competition ever more abundant and good product ever scarcer?
 
What if, indeed ?
The GRI Chairmen’s Retreat brings together the greatest concentration of creative and capital firepower in the property investment industry.
 
It represents a unique occasion for investors, lenders and property company chiefs to get to know each other, brainstorm where the world is going, explore doing business together, make a mark and leave a legacy.

Schedule

Wednesday 15
INVITATION REQUEST
12:00 - 24:00
Arrivals
Consider: choose daylight train from Zurich Airport and spend last 2 hours to St Moritz travelling through a legendary winter wonderland.
19:30 - 20:45
Pop-in Pop-out Welcome Drinks
Members & Spouses
20:30 - 23:00
Private dinner or join and leave at one's convenience one of members' communal dinners at restaurant nearby
Thursday 16
INVITATION REQUEST
08:45 - 17:30
Sessions
Members
09:00 - 16:00
Sports & Activities instructor-guided in small GRI groups
Spouses | Partners
19:00 - 23:00
Gala Drinks | Dinner
[jacket (tie optional)]
Friday 17
INVITATION REQUEST
08:30 - 16:00
Sports & Activities instructor-guided in small GRI groups
Members & Spouses
16:00 - 17:00
Café, Kirsch & Cake
Members & Spouses
17:00 - 18:30
Keynote & Wrap-up
Spouses welcome
20:30 - 23:00
Private dinner or sign up at concierge to join one of independent member's restaurant reservations around town
Saturday 18
INVITATION REQUEST
08:30 - 16:00
Sports & Activities instructor-guided in small GRI groups
Members & Spouses
17:30 - 18:30
Goodbye Cocktails
Members & Spouses
[Grand Halle]
20:30 - 23:00
Private dinner or sign up at concierge to join one of independent member's restaurant reservations around town
Sunday 19
INVITATION REQUEST
08:00 - 14:00
Departures

Sessions

Thursday 16
(members only)
INVITATION REQUEST
08:45
Opening Session
10:00
Breakouts - I
11:00
Break
11:45
Reporting
12:45
Buffet lunch
Tour du Monde
Spouses | Partners welcome
13:45
The World in 2020
Same or shocks?
Stephanie Flanders
BLOOMBERG
14:45
Break
15:00
Breakouts - II
16:00
Break
16:45
Reporting
17:30
Adjourn
Friday 17
(spouses welcome)
INVITATION REQUEST
16:00
Cafe, kirsch & cake
17:00
Populism, schmopulism
Why even care?
Ed Luce
FINANCIAL TIMES
18:00
Wrap up
18:30
Adjourn to 2021

Keynotes

Thursday 16
sessions
The World in 2020
Same or shocks?
Stephanie Flanders
Head of Bloomberg Economics
Stephanie Flanders has been Senior Executive Editor for Economics at Bloomberg News and head of Bloomberg Economics since October 2017. She was previously Chief Market Strategist for Europe at J P Morgan Asset Management in London. Prior to that she worked at the BBC as Economics Editor and as a presenter and economics editor for Newsnight (2002- 2013). At the BBC she also presented numerous documentaries and news programmes, including “Stephanomics”, named after her influential blog. She is a former speech writer and senior advisor to US Treasury Secretary Lawrence H. Summers in the Clinton Administration. She has also worked as a reporter for the New York Times, principal editor of the UN's 2002 Human Development Report, an editorial-writer and economics columnist at the FT, and an economist at the Institute for Fiscal Studies and London Business School. In 2016 Flanders was appointed Chair of the Inclusive Growth Commission for the Royal Society of Arts, which delivered its final report in March 2017. Since December 2018 she has been the Chairperson of Artichoke, a non-profit arts production company. She is also a Trustee for the Kennedy Memorial Trust and a Governor of the National Institute for Economic and Social Research and the Ditchley Foundation.
Friday 17
sessions
Populism, schmopulism
Why even care?
Ed Luce
US National Editor, Financial Times
U.S. National Editor and Columnist for The Financial Times, Edward Luce is one of the paper’s most popular writers and “one of the finest journalists of our time.” A U.K. native, Oxford graduate, and former speechwriter for Treasury Secretary Larry Summers, he is highly regarded by policymakers, leaders, and political junkies. In his speeches, Luce brings an insider/outsider perspective to American politics, economics, and geopolitics. His cross-border perspective provides a global insight to the future of work and the major challenges facing the West, including the rise of populism and the decline of the middle class. Luce’s book, The Retreat of Western Liberalism, examines the weakening of western hegemony and the crisis of democratic liberalism ― of which Donald Trump and his European counterparts are not the cause, but a symptom. According to Luce, “What we do not yet know is whether the world’s democratic recession will turn into a global depression.” The New York Times called the book “insightful and harrowing.” At the FT, Luce has also served as Washington bureau chief, Capital Markets editor, correspondent to the Philippines, and South Asia bureau chief. Articles and commentaries by Luce that have garnered a lot of attention in the past year have included: “The boy who escaped Trump country,” “Britain’s Voyage to Inglorious Isolation,” and “Donald Trump leaves Angela Merkel to stand up for liberal values.” With his FT colleague Rana Foroohar, he writes “Swamp Notes,” a twice weekly newsletter on money and power in Trump’s America and the big themes driving politics, business, and markets.

Breakouts

Depending on member vote, 8 to 10 of these topics below will be retained for breakout discussions.
 
CHAMPAGNE VOTE
Members that do vote will be greeted with champagne on ice upon arrival.  A voting form will be sent to registered Members.
If Capitalism is not enough
What to drive mankind but maxing profits?
[Provocateur-led discussion]

AI and Joblessness
Unavoidable or paranoid?
[Provocateur-led discussion]

End of Pax Americana and what to expect
Despots galore or free democracies?
[Provocateur-led discussion]

Unspent dry powder
Will it ever find value?

Secondary cities
Salvation or distraction?

Making money
Riding the cycles or sweating the assets?
Permanence of rock bottom interest rates
Yawn or hazard?

Europe
Solid and stodgy or only for the brave?

Last mile logistics
Cash cow or improbable economics?

Co-working and brand-name operators
Can landlords do just as well on their own?

Obsolete retail
Opportunity or drag?

Build-to-rent residential
Smart choice or rent controls?

Opportunity Funds
Can they survive a flat risk curve?

MEMBERS 2019 (PAST)

 
MICHAEL ABEL
Partner
TPG
 
ROBERT ABT
Managing Director
Round Hill Capital
 
DAVIDE ALBERTINI PETRONI
Managing Director
Risanamento
 
EDWARD ALDAG
Chairman/ President And CEO
Medical Properties Trust
 
SEAN ARNOLD
Co Founder
Crosstree Real Estate Partners
 
WILL ANDRICH
CEO
Rethaler
 
ERIC ASSIMAKOPOULOS
Managing Director & Founding Partner
Revetas Capital
 
TRISH BARRIGAN
Managing Partner
Benson Elliot Capital Management
 
 
PAUL BASHIR
President & COO
RHC Europe
 
NITIN BHANDARI
Head - Direct Investments
Letterone Treasury Services
 
JIM BLAKEMORE
Partner
Greenoak Real Estate
 
ALEXEY BLANIN
CEO
AB Development
 
PAULINE BRADLEY
CEO
Greyfriars Investments
 
DIRK BRANDES
Executive Board Member
Natixis Pfandbriefbank
 
COLEY BRENAN
Partner Head Of Europe
KSL Capital Partners
 
KEITH BRESLAUER
Managing Director & Senior Partner
Patron Capital
 
 
PHILLIPPE CAMUS
CEO
Shaftesbury Asset Management Group
 
JEAN-LOUIS CHARON
Chairman
Citystar
 
MATTEO CIDONIO
Managing Partner
GWM Group
 
JOSHUA CLEVELAND
Partner
Stepstone
 
NUNO COELHO
Partner
Ring Properties
 
CLARK COFFEE
Partner Head Of Real Estate
Tyndaris Real Estate
 
DAVID COLLETT
Managing Director Real Estate
Kaust Investment Management
 
JAMES CORL
Managing Director
Siguler Guff & Company
 
 
CYRIL COURBAGE
MD Head Of Real Estate Europe
Fortress Investment Group
 
BRYAN YORK COLWELL
Co-Founder & Managing Partner
LCN Capital Partners
 
RICHARD CROFT
CEO
M7 Real Estate
 
MILES D`ARCY-IRVINE
Chairman
Shaftesbury Asset Management Group
 
RICARDO DALLOLIO
MD & Head Real Estate Europe
HIG Capital Partners
 
DANIEL DEJANOVIC
MD, Head Of European Real Estate
Cerberus Global Investments
 
HUNT DOERING
Managing Director
Baupost Group International
 
NIKOLETTA FOUSKA
Director
Latsis Group
 
GÁBOR FUTÓ
Founder & Owner
Futureal
 
RICHARD GEORGI
Founder & Managing Partner
Alpine Grove Partners
 
SAUL GOLDSTEIN
CEO
Activum SG
 
DAN-DAVID GOLLA
Managing Partner
Aviarent Capital Management
 
TYLER GOODWIN
CEO
Seaforth Land
 
JOHN GRASSI
Chairman & CEO
Spear Street Capital
 
CHRISTO ILIEV
CEO
Lion`s Head Investments
 
CHRISTIAN JAMISON
Managing Partner
Valor Real Estate Partners
 
 
NEIL JONES
Founding Partner
Temprano Capital Partners
 
PETER JUN
Founder
Arminius Funds Management
 
NICO KELLER
Managing Director, Co-Head Investment
BNP Paribas Real Estate Holding
 
BARNABY KELHAM
CEO
UK And European Investments
 
KAMAL KHETAN
Chairman And Managing Director
Sunteck Realty
 
AUDREY KLEIN
Managing Director
Corestate Capital Partners
 
BERND KNOBLOCH
Founding Partner
Continuum Capital
 
ALEXANDER KOBLISCHEK
Managing Director
RFR Management
 
 
ZSOLT KOHALMI
Global Head Of Real Estate Co CEO
Pictet Alternative Advisors
 
JAY KWAN
Managing Director Real Estate Europe
Quadreal
 
PHILIP LA PIERRE
Head Of Continental Europe
La Salle Investment Management
 
AREF LAHHAM
Founding Partner & Managing Director
Orion Capital Managers
 
JOSHUA LAWRENCE
Managing Director
Global Holdings Management
 
SETH LIEBERMAN
Executive Chairman
Stendörren Fastigheter
 
FABIO LONGO
Managing Director
Bain Capital Credit
 
ANDY MARTIN
CEO
BNP Paribas Real Estate Advisory Uk
 
 
NICOLAS MASSIERE
Managing Director
Cale Street Partners
 
PETAR MATIC
CEO
MPC Holding
 
CIARAN MCNAMARA
Co Founder & Managing Director
Signature Capital
 
RAJ MENDA
Corporate Chairman
RMZ Corp
 
MANOJ MENDA
Corporate Chairman
RMZ Corp
 
TOM-ERIC MÖLLER
Managing Shareholder
DIH Deutsche Industrie-Holding
 
JOHN NACOS
Partner
EG Real Estate Advisors
 
MAHBOD NIA
CEO
Northstar Realty Europe
 
GUSTAVO NICOLAU
Managing Director
Akylas Patrimonial
 
BRIAN NILES
Head Of REI Europe
Morgan Stanley
 
SCOTT O`DONNELL
Senior Managing Director
Harbert Management
 
JJ OFER
CEO
Global Holdings Management
 
GUMERSINDO OLIVERO
CEO/CIO
Kaust Investment Management
 
RADIM PASSER
Founder & CEO
Passerinvest Group
 
LUIS PEREDA
Executive Chairman
Grupo Lar
 
ETIENNE PRONGUÉ
Deputy CEO
BNP Paribas Real Estate Advisory Uk
 
 
JEFF PYM
CIO/Director
Delin Capital Asset Management
 
ROBERT RACKIND
Partner Head Of Real Estate
EQT Partners
 
SHARON RAINGOLD
Managing Director
GCI
 
RONALD RAWALD
Senior Managing Director, Head International RE
Cerberus Capital Management
 
JORDI ROBINAT
President
Arum Group
 
BERND RUCK
Co-Founder
SAX Concept
 
GARY SACKS
CEO
City & Docklands Group
 
MATTHIAS SCHMITZ
Managing Partner
4 Friends Investment
 
 
PEDRO SILVEIRA
Chairman
Silcoge
 
EDWARD SISKIND
Founder & CEO
Cale Street Partners
 
SRINATH SRIDHARAN
Member Group Management Council
Wadhawan Global Capital
 
JOHN STRACHAN
Chairman
Intu Properties
 
VAN STULTS
Founding Partner & Managing Director
Orion Capital Managers
 
ANAND TEJANI
Partner
TPG Europe
 
LEE TIMMINS
CEO Hines Eurasia
Hines
 
ÁRPÁD TÖRÖK
CEO
Trigranit Development Corporation
 
 
MARK TSOCANOS
Partner
The Baupost Group
 
JON VACCARO
Managing Partner
V4 Partners
 
TIJANA VUJOVIC
CEO
Confluence Property Management
 
PHILIPP WESTERMANN
Partner
Proprium Capital Partners
 
SASCHA WILHELM
Founder
X+Bricks AG
 
LARRY YOUNG
Head Of International Investment Group
BNP Paribas Real Estate France
 
MICHAEL ZERDA
Managing Director
Blackstone

Activities

 
Activities in small instructor-guided GRI groups will take place on Thursday (spouses only), Friday (pre-session) and Saturday and include, weather permitting:

Skiing
Curling
Hiking
Cross country skiing
Sledging;
 

Travel

Travel
International Airports
Closest airports are Zürich, Milan and Bergamo, each under 3 hours away by car and under 4 hours by train (Zürich only).  Private planes can also fly into Samedan (daylight and good weather permitting only), a 10 minute ride away by hotel limo.
 
Trains (Zurich only)
Train travel is available hourly between Zürich Airport and St Moritz and is solidly smooth and Swissly dependable in most weather conditions.  The last 2 hours to St Moritz meander through a magical winter wonderland, especially scenic by daylight.  The journey requires 2 changeovers (Zürich Main station and Chur) and total travel time is just under 4 hours (Schedule: see www.sbb.ch).  

Courtesy Hotel Limousines will pick-up arriving guests from St Moritz train station upon notification.
 
Car Rental
Car travel is about 3 hours. Rental at the airport from the usual suspects. Specify snow tires and spare snow chains (if heavy snow conditions) and favour 4-wheel drive. Ask car rental counters for maps and road conditions info. From Zurich, if heavy snow or the Julier pass is closed, favour the convenient Thusis-Samedan car-train tunnel.
 
Limousine Service
Call Palace concierge (+41.81 837-2629).
 
Flights (Zurich only)
Private flights are available between Zurich Airport and Samedan, next to St Moritz. Samedan closes however at nightfall (last landing about 16h30) and in poor weather conditions (30% of the time).

The Palace concierge (+41.81 837-2629) will be happy to provide contact

Hotels

Hotels & Lodging costs
Hotel costs are in addition to Retreat fees and to be booked separately.

Badrutt’s Palace *****
Badrutt’s Palace Hotel is the GRI Chairmen’s Retreat Hotel. Retreat Members should make their own hotel arrangements independently, quoting “GRI” group rate. Space is limited, the Palace invariably sells out early and arrangements before December 1 are strongly advised.

Request GRI” rate at: +41.81 837-1100
The GRI rate is not available through travel agents, please book hotel directly.

Badrutt’s Palace Hotel
Tel +41.81 837 1100 Fax +41.81 837 2999
reservations@badruttspalace.com

GRI rates (in CHF: CHF 1 = Euro 0.91 = $1.01 = £0.82):
Single 575 • Double 865 ~ 975
Jr Suite 1200 • Suite 2760 • 3rd bed 200

 
Badrutt’s Palace Hotel, situated amidst breathtakingly beautiful and unspoiled scenery, has long been hailed as a landmark in the center of St. Moritz and is the ultimate expression of the Swiss Alps region.

A favorite of celebrities and royalty alike since its opening in 1896, the Palace Hotel offers 157 guestrooms including 37 luxury suites with stunning views of the Swiss Alps.

Badrutt’s Palace is a celebration of style, sports, cuisine and fashion, with discreet service and traditional elegance evoking an atmosphere of pampered luxury for all. An ideal destination in both winter and summer, the hotel is located in one of the most challenging ski areas in the world and offers a host of summer alpine activities. Guests find the ultimate in relaxation at the spa, exciting nightlife at the Kings Club, and world reknown cuisine in the hotel’s restaurants and nearby Chesa Veglia.
Additional hotels in St Moritz
Five stars nearby: 
Carlton +41. 81 836 7000
Kulm +41. 81 836 8000

Four stars nearby: 
Schweizerhof +41. 81 837 0707
Steffani +41. 81 836 9696

Practical

Arrival
Wednesday arrival, however late, is strongly advised, as the program starts at 08h45 on Thursday and St Moritz is a long journey from anywhere.

 
“Lucky Encounter” dinners
There are no GRI dinners on the program on Wednesday (arrival day), Friday or Saturday, which are reserved for independent networking and private dinners by members and spouses.
Members that prefer using such occasions to let luck expand their friendships, or are new and yet unconnected, can chose to join member dinners at GRI-selected restaurants around St Moritz.
  • On arrival day, they can chose to join and leave at their convenience a members’ communal dinner service at preferred restaurants nearby.
  • On Friday and/or Saturday, they can confirm before 16:00 with the Palace concierge which of a selection of members’ restaurant reservations they wish to join.
While facilitated by the GRI, these discretionary options are not part of the GRI program and are at members’ own cost.  
 
Champagne vote & program awards
Members that enjoy contributing to making the program the best it can be, can make their stay even more pleasurable, as follows:
  1. Be greeted to their room by champagne on ice for ranking from 1 to 4 which breakout topics interest them most.
  2. Enjoy a Palace spa treatment or a complimentary dinner at any St Moritz restaurant for expressing interest and being selected to either (1) moderate or report one of the 8/10 breakout discussions or (2) lead one of the 2 plenary reporting and voting sessions.  Advance Preparation for either should not exceed 15 minutes and guidance would be provided.
  3. Enjoy a luxurious room upgrade for expressing interest and being selected to deliver the 5-minute closing wrap-up of the GRI Chairmen’s Retreat on Friday evening (based on their compilation of summary take-aways throughout the program)
A “champagne and awards” form will be sent to registered members to collect their preferences and bids.
Spouses | Partners
Over half of Retreat Members bring their spouses/partners.

Retreat Members Profiles
Retreat Members’ photos and profiles are listed on www.griclub.org.
Retreat Members agree that photos and information provided may be used by the GRI at its discretion in its communication activities.

Activities and Insurance
Weather permitting, skiing, curling, hiking and other activities in small GRI groups has been arranged, each of them accompanied by qualified guides. Guides, lift passes and lunch are courtesy of the GRI. Equipment rental is Retreat Member’s individual responsibility. Prior sign-up on-site is necessary for all group activities. Retreat Members sign up for any such activity at their own responsibility and release the GRI and any Retreat-related sponsors from any responsibility or potential liability.
 
Equipment Rental
Ski & Equipment Hire - The Palace sports store
 (tel: +41 81 833 7585)
is excellently stocked, swift and professional and opens daily until late.  
 
Retreat Extension
January 14-16 or 20-23 by special arrangement with Palace, Retreat Members are invited to extend their stay at Retreat’s special room rates. No formal program is planned.

Dress Code
The Retreat dress code is casual throughout, except for Cocktails and Gala Dinner, which is jacket required, tie optional.

Salutation
Retreat and GRI etiquette calls for all to address each other on a first-name basis.
Language
The Retreat language is “international” English and all grammar, syntax and other vocabulary rules are suspended. All native English speakers are urged to articulate slowly and loudly.  As Anglo- Americans have a natural language advantage, they are encouraged to help non-native English speakers articulate their views. All are encouraged to help with occasional translation, where appropriate.
 
Childrens Program
3 years old and under (additional fee):
Arts • Craft • Walk • Play/Games

3 to 12 years old (additional fee):
Dog and horse sleigh ride • skating • skiing
and more
 

For more information, contact
erica.smith@griclub.org
alberto.fornos@griclub.org
or tel: +44 20 7121 5060

THE GRI CLUB

The GRI is a global club of senior Real Estate
investors, developers and lenders
Its mission is to help its members build personal relationships and work together in creating better places as a legacy to our children. Founded in 1998, its core constituency consists of the world’s leading real estate players. The GRI runs its activities through a series of annual meetings focused on different regions of the world.
 
GRI Residential Europe 2019
GRI Residential & Offices Mexico 2019
GRI Awards 2019
Argentina GRI 2019
GRI Escritórios Brasil 2020
Fórum GRI de Fundos Imobiliários 2020
Central America GRI 2020
GRI Hoteis Brasil 2020
España GRI 2020
France GRI 2020
GRI Offices & Parks India 2020
Deustche GRI 2020
Italia GRI 2020
Latin America GRI 2020
CEE GRI 2020
Portugal GRI 2020
GRI Industrial e Logística Brasil 2020
British & Irish GRI 2020
GRI Shopping & Reatil Brasil 2020
GRI Residencial Brasil 2020
Mexico GRI 2020
Europe GRI 2020
India GRI 2020
GRI Loteamentos 2020
Infra Mexico GRI 2020
GRI Light Industrail & Logistics Europe 2020
Brazil GRI 2020
GRI Hospitality Latin America 2020
GRI Chairmen's Retreat 2021

INVITATION REQUEST

INVITATION REQUEST
Thank you for your interest in membership of the GRI Chairmen’s Retreat.
 
By invitation-only, the GRI Chairmen’s Retreat is reserved for the head of real estate or the immediate #2 of investor, lender, developer and property companies with assets in excess of $50 million for developers or $250 million for investors.

Real estate industry leaders that qualify and are interested in membership can request consideration by the invitation committee by sending the information below for review.