You are invited to the last European Chapter’s Mind Your Own Business event of 2023 in Italy at Hotel The Square which is situated in the heart of the City of Milan.
Mind Your Own Business events have become the flagship of European SIOR business generation meetings and are open for members only.
We welcome partners and guests to the leisure and optional activities.
Leisure optional programme for the weekend for members and guests.
The Society of Industrial and Office Realtors (SIOR) attended MIPIM in force with its international and European leadership all present to meet with its global membership and address the local and international issues that affect its 3,700 members in 45 countries.
In fact, with over 50 representatives present in Cannes this year, it was a record number of SIOR members and guests at the conference, and the organisation’s stand served as a great base camp for members, their clients and contacts to meet and do business.
For the SIOR leadership, there were two key trends on the agenda, as SIOR executive vice-president Patricia Loveall explained: “Industrial is up; office is down. The depressed office market is a direct result of the COVID pandemic and at this point the status quo is not an option. There is going to be a new look and feel in the office sector as the issues facing the industry represent a challenge to our members and our task is to provide them with support. That element of the industry needs to be reimagined.”
Meanwhile, the society’s CEO, Robert Thornburgh, highlighted reasons to remain optimistic “Building, design, everything is changing and those who are nimble and accept the challenges will be the winners. Our job is to educate, collaborate and assist our members over the next five or even 10 years to work through these issues and see them emerge stronger.
“On the industrial side, the disruption of supply chains is creating new opportunities, with limitations on imports benefiting local manufacturers. We’re seeing double-digit growth in 2023, and we don’t see the market changing for industrial.”
Finally, SIOR’s European Chapter President, Andrew Smith, added: “There are positive signs that recovering demand is bringing back industrial appreciation – certainly there appears to be competition again – and the occupier market has remained resilient, with many standout companies driving demand for land.”
For SIOR, MIPIM remains an essential meeting place for its members to make new connections and broaden their reach, and Robert Thornburgh highlighted that “There’s nowhere else that brings together such a wide variety of people, companies and countries.”
While there was a lot of uncertainty ahead of MIPIM in the UK, fuelled by doomsday talk of recession, Andrew Smith was keen to point out that in reality; “Judging from the noises on the ground, it seems that the UK economy has proved more robust than many people feared. There’s still a bit of nervousness around US interest rates, and concerns that these could keep rising until the end of the year, however it looks like UK interest rates may be peaking and the industry has perhaps weathered the worst of the storm. And while it’s difficult to generalise the pan European market, it’s largely been spared the same corrections as the UK market, which has taken a big hit in the last 9 months. With all that said, there are positive signs that recovering demand is bringing back industrial appreciation (certainly there appears competition again), and the occupier market has remained resilient, with many standout companies driving demand for land.”
Other trends of note to emerge from MIPIM were on the sustainability side, as external geo-political and macro-economic pressures over the last year has seen a massive rise in the number of businesses interested in transitioning towards low carbon solutions, as well as significantly ramping up of renewable energy sources, with commitments to phase down fossil fuel reliance really making a difference. This newfound urgency has translated into a dramatic focus in financing.
For SIOR, MIPIM has been a really good opportunity to bring together the leadership of the group from both the US and Europe, to congregate with far-flung colleagues and network. SIOR is at its heart a network of like-minded people, so the conference is a natural stage for members to make new connections and broaden the organisations reach.
The Real Estate Data Foundation is a not-for-profit initiative bringing together the whole sector around the topic of data and to raise data ethics up the agenda and we are delighted that SIOR Europe is supporting this collaborative alliance.
But what is 'data ethics', why should you care and what should you do about it?
Ethics is important in all corners of real estate, but as the volume of data that we collect and use grows, it is important to make sure that we apply ethical thinking to this. Having the technology to collect data and being allowed to under law is not enough - we need to consider whether we should be collecting and using the data. Ethics is all about asking 'should we?' If buildings of the future are about the user's happiness, health or productivity we can collect huge amounts of data on all of this - but should we? Where does the risk outweigh the benefit?
Before COVID, the idea of having your temperature taken to assess your health to be allowed to enter a building seemed inconceivable, yet for a while it became the norm. At what point should we stop collecting and using this data?
A more extreme example may be the decision about placing cameras inside buildings. This can allow all sorts of data to be collected and used to improve the experience for the resident, but there is a high risk that residents will resist it – and complain about it, as happened recently when North Ayrshire Council used Facial Recognition Technology in its school canteens. But what if the cameras are used to assist the elderly to continue living on their own by providing an automatic alert system for any falls or health problems? As long as data was suitably anonymised and secure and residents were fully aware of what was being collected and why, then this may feel like a more acceptable use case.
Whatever your views on the examples above, we can see that the ethical use of data is not black and white which is why the real estate sector needs to be on the front foot.
Data ethics in real estate matters for 3 reasons:
The ethical use of data is complex and subjective, but the good news is that it is easy to take significant steps towards making sure that you are using data in an ethical way. The RED Foundation has developed 6 data ethical principles that we ask both people and companies to sign up to. Sign up to these today and build them into any decisions you make relating to data and you are well on the road to addressing it.
For those who wish to take a step further, we have published a Data Ethics Playbook which builds on these principles and provides practical guidance on how to build data ethics into your thinking.
Written on behalf of the RED Foundation by:
FOREWORD BY THE EUROPEAN CHAPTER PRESIDENT, ANDREW SMITH SIOR FRICS.
As COP27 has drawn to a close, SIOR Europe is keen to join the conversation about the focus that the summit brings on climate change impact to share commentary and advice from our members, all of whom support greater action in the race to net zero.
Our members have put climate change impact at the heart of their consultancy in response to the market and clients’ increasing ESG requirements and have embedded it into every stage of the property process.
The SIOR European Chapter committee have the pleasure of inviting you to attend our fourth business generation and best-practice event, over one and a half days, including an informal networking apéro and dinner. Thursday, 30th March 2023, 8h30 CET to Friday 31st March 2023 12h30 CET.
The event is free of charge but open only to SIOR members. Sponsorship is sought if you would like to get involved.
Mind Your Own Business – a one & a half day conference for members to be held in Berlin, Germany.
Wednesday, March 29th 2023:
Thursday, March 30th 2023:
Friday, March 31st 2023
The SIOR European Chapter committee have the pleasure of inviting you to attend our third business generation and best-practice event, to be followed by an informal networking apéro.
The event is free of charge but open only to SIOR members.
Mind Your Own Business – a one-day conference for members to be held in Amsterdam, Netherlands.
The event is being hosted by Colliers International and will be held in their offices, at Stadionplein 14, 1076 CM Amsterdam.
9.30am Meet & Greet with Coffee & Croissants
9.45am Conference Kick Off – Welcome to Amsterdam
10.00am MYOB Part One – Paris Review & Business Generation Working Groups
11.30am Networking Break
11.45am Presentation by Sander Breugelmans, SVP Regional Head Northern Europe, Prologis.
1.00pm MYOB Part Two – Ideas, Innovation & Learning (Sharing on Fees/Pitches/Wins & Losses)
2.30pm Wrap Up
3.00pm Site visit of award-winning office building – The Edge
5.00pm Social Apéro in local venue (tbd).
Upon invitation only, SIOR Global our hosting a DINNER on the preceding evening, Wednesday 14th September at MR. PORTER (invitation only).. The evening is intended as a recruitment event and members wishing to join the dinner must be accompanied by a prospective member. The cost of the prospect's dinner will be covered by SIOR Global.
SIOR members that are interested by this proposal should contact firstname.lastname@example.org
The SIOR International European Conference has called for the creation of ‘a new asset class’, as part of a mission to deliver more sustainable food production and security.
Food is now recognised as a major cause of climate change, contributing as much as 25-30% of total GHG emissions. COVID has compounded the problem, highlighting weaknesses in food supply chains. Against a backdrop of growing populations, rising food prices, and the wheat shortage caused by the war in Ukraine (source of 30% of the world’s supply), delegates were warned that we are at crisis point.
These problems were highlighted by sustainability expert and author Mike Berners-Lee in his keynote address to the Conference. He challenged companies to think differently about how to solve the problems of climate change. Drawing on ideas and research from his book There is no Planet B, Mike said: “We need to look at climate change holistically, and tackle everything at once”.
How well are the real estate and construction industries responding to these challenges? Food manufacturing currently sits in the B1 Planning Use class of industrial and logistics, and yet has very specific needs in relation to resources and operations. These needs often make food company tenants undesirable to owners and landlords of general industrial and logistics parks.
There is wide-spread agreement within the food industry that we need greener agriculture, more efficient production, less waste and healthier eating. However, there is also growing awareness that our food systems and infrastructure are outdated and inefficient, and are not equipped to embrace the exciting new food technologies that are emerging.
Jackie Wild, CEO of TSL and SmartParc, spoke at the Conference on a panel discussing ‘Opportunities in a World of Risk’, and is proactively seeking to solve these problems in a variety of ways. She has launched a campaign to create a new real estate asset class for food manufacturing, which allows property investment to align specifically with the needs of the food industry.
She has also been instrumental in creating SmartParc, the UK’s first dedicated food business park with shared services. Working in partnership with SEGRO and CBRE, SmartParc brings this new asset class to life. It delivers the holistic solution, which Mike Berners-Lee proposed in his keynote speech, and was fully endorsed by the SIOR membership, as a way of taking positive action.
SmartParc SEGRO Derby is the first in a series of investments, across the UK and internationally, designed to ‘change food production for good’. It represents an entirely new asset class in the commercial property sector, bringing together world-class, purpose-built food production facilities and support services, all on one site.
It offers a range of buildings of different sizes and specifications (3,500-400,000 sq ft) as well as access to shared non-competitive services, including green energy, water, effluent, and other utilities. This sharing model helps to reduce operating costs (savings of up to 20%), and to deliver business optimisation through design (further savings of up to 30%).
Jackie said: “We can’t tackle climate change, if we don’t tackle food production. We must reinvent and redefine property rules, so money can easily be directed to where it is needed. This means creating a dedicated asset class, catering specifically to the needs of food producers. It also means re-educating the market about why food production is a valuable and attractive investment and development opportunity.
“SmartParc is a great example of turning this ambition into action. It provides a fresh opportunity for forward-thinking food businesses, to grow in a more sustainable and collaborative way. It also offers cities and regions the chance to regenerate their economies and boost local communities by creating new jobs. For SEGRO, it is an attractive commercial investment, which will deliver great returns.”
The first phase of SmartParc SEGRO Derby is underway, with anchor tenant Hello Fresh already up and running. Completion of the park is due in 2024.
The SIOR Europe Diversity and Inclusion Committee held a webinar to mark International Women's Day, which this year has the theme of ‘break the bias’. The inspirational discussion focused on championing women in real estate and finding positive ways to empower more women to join the industry and stay to build fulfilling careers.
Chaired by Andrea Carpenter, Director of Women Talk Real Estate, we welcomed an expert panel of women who shared their unique perspectives and experiences – Katie Whipp, head of Deepki, Sonja Beier, Counsel at DLA Piper, Nicola Mottershaw, Partner at Vail Williams, and Małgorzata Kalinowska - Klimek, VP Franchise Operation Poland & Eastern Europe at Accor.
The session kicked off with participants relaying what prompted them to enter the industry and find their own place within it. We heard how Nicola was encouraged to become a chartered surveyor by her father. She wanted variety, problem solving and transactional work, and occupier advisory ticked all the boxes. Małgorzata studied hospitality in Poland, being promoted over many years as she worked for numerous hotels. For Katie, it was not a conscious decision – her real estate journey stemmed from being open to opportunities she came across in London. Sonja, too, was not aware of the industry before her internship as a corporate lawyer, which led her to the real estate team.
They shared the changes they have seen for women in their part of the market. All agreed that there has been positive progress.
We then explored what is hindering more female participation and progress in real estate.
Looking ahead – the panel agreed that we must act to encourage more women into the industry. When asked what advice they would give their former selves and other women, responses ranged from remembering to celebrate achievements, to finding what you are most passionate about and not doubting yourself because it is not a traditionally female-dominated area. Recognise that you have a voice that matters, talk to people and seek the necessary support along the way.
Renata Osiecka, Managing Partner at AXI Immo Group, concluded the session by highlighting that, while it is uplifting to see more women in business and leadership positions, there is still room for improvement in encouraging young women to join the sector. We must lead by example and show that diversity is an asset that adds value to companies, the industry and society.
Thursday, 7th April 2022, 9h30 CEST to 22h30 CEST in Paris, France.
The event is open to all SIOR members.
The SIOR European Chapter committee have the pleasure of inviting you to attend our second business generation and best-practice event, to be followed by a networking event at the infamous "Travellers", a private members club on the Champs-Elysées.
Mind Your Own Business – a one-day conference for members to be held in the centre of Paris, France.
Times subject to change.