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Brochure
15-16 April 2015
Kempinski Villa Rosa, Nairobi, Kenya
Package
$675 Early Bird (before the 15th February)
$825 Standard Delegate Pass
$975 Late Registration (1 - 15th April)
Limited bookings. Register now to secure your place.
Platinum sponsor
Industry Sponsors
Gold sponsor
Silver sponsor
Bronze sponsor
Research Partner
Venue Partner
East Africa Property Investment Summit
East Africa is
ALIVE with Potential
Join the discussion at the 2015 EAPI Summit!
EAST AFRICA presents investors with a vibrant property sector
driven by economic growth, strong regionally based trade and the
prospect of future mineral revenues. With increased expenditure
on infrastructure, foreign investment and diaspora remittance, East
Africa has proven itself to be an area overflowing with potential.
East Africa boasts a population of over 150 million, and is one of
the fastest growing regions with GDP on the rise, despite global
economic conditions. These factors have all paved the way for
positive real estate growth for many years to come.
The goal of the EAPI SUMMIT is to connect like–minded individuals
with the idea to pool resources on the East Africa real estate
agenda. The summit attracts professionals with a role in promoting
investment and building infrastructure centered on property
related transactions. The 2015 EAPI Summit provides the perfect
environment for industry decision-makers to meet new partners,
build personal relationships and engage in mutually beneficial deals
across the continent.
CAPITALISE ON AN UNPARALLELED
OPPORTUNITY TO NETWORK
WITH LOCAL AND INTERNATIONAL
PROPERTY PROFESSIONALS AND
INVESTORS EAGER TO ENGAGE
IN THE EAST AFRICA GROWTH
STRATEGY.
Delegates will experience quality content, interactive presentations,
professional experiences and, most importantly, the opportunity
to engage in ample networking sessions. Substantial industry
representation, coupled with the highest caliber of speakers,
sponsors and delegates, ensures the EAPI Summit is the perfect
environment to discuss the latest commercial property news!
THE 2014 EAPI SUMMIT PROVED TO BE A
HUGE SUCCESS.
EAPI SUMMIT 2014 SUMMARY
The E-API Summit has proven to be one of the leading events for discussion and networking
around property investments in East Africa. In 2014 the forum attracted over 220 delegates
and provided a bespoke opportunity to analyse and network with industry players who are
focused on East African economies and projects.
The 2014 EAPI Event held in Nairobi was attended by:
• Over 220 delegates
• Representation from over 100 different organisations
• Delegates from all countries within the East Africa region
• Majority of delegates in a decision making position i.e. CEO, CFO, Managing Director, etc
• Companies with new developments on the continent worth US $3,5 Bn
• Africa Property Funds with current assets of US $20 Bn.
• 8 major banking institutes with reach into the continent
• Many large African retail companies
• 18 major media companies representing print, radio and TV
The 2014 event was proudly sponsored by:
Platinum sponsor
International Partner
Educational Partner
Venue Partner
THE EAST AFRICAN CORPORATE IDENTITY
THE EAST AFRICAN LOGO OPTIONS
1
Media partners
2
PLEASE NOTE CAREFULLY:
Any other application & excecution this CORPORATE ID apart from the above two is regarded as WRONG
THE EAST AFRICAN SLOGAN
Understanding the region
East Africa Property Investment Summit
The Foremost meeting
of East African
Property Leaders!
Prominent members of Africa’s largest real estate
companies and peripheral industries have pledged
to meet again at the 2nd annual East Africa Property
Investment (EAPI) Summit to be held on the 15-16th
April at the Villa Rosa Kempinski , Nairobi Kenya.
Since its inception the East Africa Property
Investment Summit has established itself as the
leading commercial property event devoted to the
growing real estate sector. Driven by passionate
professionals and exciting projects, the real estate
sector in East Africa is alive with potential and
opportunity for those willing to participate in the
growth story.
Connect with private investors, businesses and
government officials who are active on the continent
and privy to in depth information on the latest real
estate trends. Don’t miss out on a standalone
opportunity to gain strategic insights and share
your experiences at the 2015 East Africa Property
Investment Summit!
The EAPI Summit is the perfect opportunity to voice
your opinions, build effective relationships and keep
abreast on the latest trends in the sector with worldclass speakers and experts on the stage and within
the audience.
Whether through vigorous debates, ample
networking sessions, The EAPI Summit provides
the perfect platform to sharpen your companies
competitive edge and facilitate its expansion into the
East African region.
Don’t miss out on the ultimate networking space for investors and
professionals alike!
Connect
with East Africa
A critical component of the EAPI Summit is the intention to connect property professionals who are
doing business in the region. The summit includes various focused networking opportunities which
allow you to meet with like minded real estate enthusiasts from around the globe.
Africa Smart Networking
An innovative session to assist you in meeting your peers
and fast track the networking process
Summit Lunches
Formal sit down lunches allowing you to interact with other
industry players over a meal within the conference venue
Cocktail Function
Indulge in a world-class culinary experience with fellow
peers and speakers
Exclusive Site Tour
Site tour of the upcoming Two Rivers Development
Site Tour
An additional benefit to the 2015 conference is a formal
site tour of the upcoming Two Rivers Development
located in the affluent Runda /Gigiri area of Nairobi. The
Development will sport an impressive 100 acres of space
that will encompass a myriad of mixed use developments
including the much anticipated Two Rivers Retail centre.
Be apart of history as delegates get to witness the
construction of over 62 000 m2 of lettable retail space!
The Site Tour will be conducted in conjunction with Centum
& Athena Properties, the Key developers of the site.
Exclusive Site Tour will feature:
• Guided walking tour of the construction area
• Access to exclusive development information
• All transportation, safety equipment, souvenirs, snack
and refreshments provided
Who will attend?
• Government and corporate pension funds
• Private equity firms
•Entrepreneurs
• Real estate project managers
• Real estate attorneys, conveyancers and
notaries
• Banks and other financial institutions
• Large commercial tenants
• Real estate asset managers
• Industry professionals – architects,
construction firms, quantity surveyors
• Property management and development
service providers
• Real estate analysts in Africa
• Direct investors in African real estate
• General Africa equity analysts
• African-related asset managers
• Other related African market enthusiasts –
investors, politicians, economists and media
Agenda
Day 1 - 15 April 2015
07:30 - 08:30
Breakfast and Registration
09: 00 - 09:15
Welcome and Opening address by our Platinum Sponsor
09:15 - 10:00
Regional Economic and Political Overview-East Africa
This year heralds interesting times for East Africa as each of its member states tackle unique experiences to prosper. Kenya, the largest economy in the region is still faced with insecurity
challenges while Tanzania is banking on re-basing its economy for a better 2015. Rwanda will be seeking to re-ignite its economic spark, whilst Uganda looks at its fledgling oil industry.
This session will provide delegates an opportunity to discuss key drivers of growth and allow us to compare data for the various East African countries.
Key Points to be elaborated on:
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•
10:00 - 10:45
Political and Economic Governance of East Africa
Macro Economic outlook
Foreign Investment into the East African Region
Ease of doing business and growth challenges
Drivers of the East African Growth Story
How does the growing property industry improve the economic prospects?
East Africa vs. Competing Emerging Markets.
Policies and changing economic landscape on the continent
How to structure a successful property development in East Africa?
Property Developments can be tricky to structure, especially when dealing with new markets. This session will give you step by step guide on how to effectively manage a) the purchasing
of your land b) the design phase and construction of your project c) fund-raising and d) any legal challenges that may arise.
Obtain an in-depth understanding from our lawyers, Bankers, Property and Asset managers
In this session we cover:
•
•
•
•
•
•
10:45 - 11:00
Land ownership rights
The importance of finding a good local partner in East Africa
Cross border financing vs. Local financing – dollars vs KSH vs TZS
Criteria/ Checklist required for bank finance
Design and cost challenges in East Africa.
What banks look for when lending to developers?
Africa Speed Networking Session
This session will allow individuals to get to know the players in the room and hear about their strategy in Africa. The networking format will assist delegates with building contacts and
growing business relationships across the continent
11:00 - 11:15
11:15 - 11:45
Tea Break and Media Interviews
The future of Airport cities in East Africa - a look at the growth of JKIA
In this session we elaborate on the future of Airport cities and the importance airports play in building a country and attracting foreign FDI
•
•
•
•
•
•
11:45 - 12:30
Understanding the plans for JKIA as a regional transport hub
A clear vision of the future - what airports of tomorrow represent and what is the plan for regional airport development
Insights on the medium term project plans to ensure EAC Airports can keep pace with the current growth in aviation demand
Real estate development and investment around airport nodes- hotels, logistics and commercial requirements?
Do regulations hamper the approach to airport modernisation programmes
Lessons learned & solutions for successful airport city development
Future of REIT’s in the East Africa Community
Kenya has become the third country in Africa to establish a REIT as an investment vehicle for private or public investment funds. Many investment companies now look to capitalize on
this international trend in East Africa.
In this session we discuss:
• The growth in South Africa’s REIT Market as a case study for East Africa
• Types of REIT’s – Income vs Development
• Formation and Structure of the REITS in East Africa – Including a look at the tax benefits
• The ability for REITS to invest in regional property?
• Prospects for growth in market capitalization of REIT industry?
12:30 - 13:30
13:30 - 14:30
Lunch
Project Showcase - 5 developers, 5 exciting projects!
In this session we allow 5 developers within East Africa to present their projects, giving the audience the opportunity to see first hand how the East African landscape will change in the
coming years. This will be followed by a Q&A where presenters will answer any delegate questions in order to obtain insight into:
•
•
•
•
•
14:30 - 15:15
What factors contribute to the success or failure of projects in East Africa?
The changing face of tenants profiles within the region
Lessons learned when buying land
Growing competition between developers – is there enough room for everyone?
Where are the development opportunities in the EAC?
Keeping projects on time and within Budget
In this session, we outline a construction site from beginning to end, and elaborate on the success and failures of a project in an African context.
•
•
•
•
•
•
•
Construction costs across the continent
Times to deliver projects
How to work around poor Infrastructure and logistical difficulties.
Availability and importing of construction materials
Challenges of logistics on site in East Africa
Different construction techniques and associated costs
Competition and pricing
15:15 to 15:30
Tea Break and Media Interviews
15:30-16:15
Comparing EAC markets
The various regions across the continent present a story of rapid economic growth and an expanding consumer class- East Africa is no different! Each region also has its own unique set
of challenges. This session will allow us to consider East Africa as a key investment hotspot for future real estate investment.
The above is followed by a panel discussion where we will compare the regions based on the following:
•
•
•
•
•
•
•
•
16:15-16:45
Opportunities in the Development Sector
The future nodes around airports and ports in East Africa
Growth Forecast across the EAC
Infrastructure growth
The Housing gap across the East African market
Land ownership rights and ease of doing business
Expected IRR’s for typical projects within the region
Construction cost and the ease of development in each region.
Confidence through Professional Standards
Professionalism is not the job you do, it’s how you do the job. As a consequence of globalisation, market efficiency requires consistency, transparency and comparability. International
standards are the backbone. In This session we understand
•
•
•
•
•
•
IFRS* and valuation – the link (*International Financial Reporting Standards)
The International Standards Coalition
Better standards = Increased Transparency
Market confidence leads to sustainable investment
Professional ethics
Global Standards and local practitioners
16:45 to 17:00
Closing remarks and questions
17:30-19:00
Cocktails and Dinner at Kempinski
Day 2 - 16 April 2015
07:00 - 07:30
Breakfast and Registration
07:30 - 08:30
MASTERCLASS What Drive’s Value in Real Estate?
08:30 - 09:15
Key Note Speaker Address
09:15 - 10:00
Beyond the capital cities- exploring growth nodes in outlying provinces
East Africa’s previously dormant, satellite towns are gaining elevated attention as agriculture, oil, gas and improved transport connectivity provide a springboard for growth. These towns,
examples such as Nanyuki, Dodoma, Eldoret, Kisumu, Jinja and Arusha all have unique opportunities for real estate developers and investors.
In this session we discuss:
•
•
•
•
•
•
•
•
10:00 - 10:30
10:30 - 10:55
The type of developments needed in these satellite towns
What are the drivers of growth in these secondary towns? Education, Tourism, Mining, oil, Agriculture, major transport routes?
The ease of developing in these towns and challenges with regards to land ownership
What does this market need and how do we bridge that gap?
The connectivity from a businessman’s point of view – how easy are these places to access?
What will be the major ports after the completion of the LAPSAT rail project? And how will this affect development?
Rentals and Returns compared to the major capital cities?
How do the investors/ developers deal with construction risk – local contractor or international player and how does this affect the cost of the development.
Tea Break and Media Interviews
The future of retail in East Africa
The time is thus ripe for big brand retailers to set up shop in Africa. Many are using East Africa as a springboard into Africa. The rapidly emerging middle class and increasingly wealthy
consumers are embracing western brands, products and lifestyles. At the same time, retailers need to understand the importance of supply chains, labour costs and consumer dynamics
•
•
•
•
•
10:55 - 11:15
We receive analysis from the CEO of Africa’s leading retail property manager
Understanding the rise of the African middle class and the impact it has on the retail market.
International retailers are flowing into the region although barriers to entry and ease of doing business might be a deterrent to foreign investment.
How do you see the retail environment changing in East Africa?
How does East Africa compare to the rest of Africa
Retailer expansion in East Africa
Nakumatt Holdings is today the leading retailer in East Africa. They operate nearly 50 branches across Kenya, Tanzania, Uganda and Rwanda. For more than two decades now, they have
shaped and built their business on their founding principle of providing a variety of affordable, quality brands as well as excellent and superior service to their customers. In this session
we learn from one of the brains behind the brand:
•
•
•
•
•
•
11:15 - 12:00
Closer look at retailer strategies – each country presents retailers with specific challenges and not even the most hardened Africa players are immune from country failures.
Do logistical issues pose a risk to the retailer’s African expansion?
What are retailers looking for when searching for housing for their brands?
How does turnover rentals affect retail trade and expansion
What do retailers look for when entering the market?
How do you feel about the competition entering the EAC market?
Bridging the residential Gap in East Africa
Rapid urbanisation in response to population growth and sustained economic expansion is boosting demand for residential rental stock in Africa. The lack of affordable home loan
solutions is resulting in an enormous rental market and in turn giving rise to high yielding mixed use developments across the region, In this discussion we elaborate on:
•
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•
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What is the demand for residential in the East African market?
Does the high cost of construction make it unaffordable to own a house in East Africa?
Would Low cost residential developments be lucrative investments for the rising middle class?
Does the lack of affordable home loan solutions open the door to a lucrative rental market?
Are Governments offering any incentives for developing residential developments?
What kind of residential offering is in demand? Low cost housing, mixed use developments, social housing?
MC Closing statement
12:00 - 13:00
EAPI Closing lunch at the Kempinski
13:00 - 17:00
Site Tour- Two Rivers Development
East Africa Property Investment Summit
Juba
“The East African booming property
market is adding much weight to the
regional economic story. The real estate
sector contributed 5.9 per cent to Kenya’s
GDP in 2013, accounting for some change
in the level of the country’s GDP. This
has been in response to demand that has
been created by the expanding middle
class” CNBC Africa
Speakers
A brief overview of some of our experts on stage
Aneesa Arshad
James Mworia
CEO
Group CEO
Lamudi
Centum Investment
Comparing and analysing the growth in the East
Africa residential markets
Insight into the two rivers development from
the CEO of the company with the vision
Heri Bomani
Peter Welborn
CEO & Group Managing Director
Partner, Restructuring and Recoveries
Pangani Group
Knight Frank International
Sharing insights into Tanzania’s commercial
property market
How to Balance risk and opportunity in African
property investment
Mark Walley
Thiagarajan Ramamurthy
Managing Director , EMEA
Regional Director - Strategy and Operations
RICS
Nakumatt Holdings Ltd
Understanding the importance of professional
standards in the East African market
Why Nakumatt is East Africa’s leading
retailer, and some advice to new international
competitors
David Ndii
Malcolm Horne
Managing Director
Group CEO
Africa Economics
Broll Property Group
Thought provoking political and economic ideas
to drive East Africa forward
Retail insight from Africa’s largest property
services company
James Muratha
Kevin Teeroovengadum
Regional Director
CEO
STANLIB Kenya
AttAfrica
Sharing market knowledge from one of the
regions largest Asset Managers
Structuring your company effectively- advise
from one of Africa’s biggest retail players
Gladys Mboya
Timothy Manyuira
Head of Real Estate
Founding Director
Mboya Wangong’u & Waiyaki Advocates
Tandem & Stark
Understand how to structure a successful property
development from our expert legal advisors
Dealing with project timelines & cost analysis
in East Africa
Edward Kirathe
Henning Rasmuss
CEO
Africa & Brazil Business Development Director
Acorn Group Ltd
Paragon Architects
Tracking the key developments in the East
African Market
Design insights from one of Africa’s leading
architectural companies
Ronal Samani
Dr Dan Twebaze
Director of Corporate Development
Managing Director
AMS Properties Ltd
TWED Property Development Ltd
Why real estate developers are bullish about the
Kenyan market in 2015
Project insight into the Ugandan Real Estate
Market
and many more... to view all please visit our website at www.eapisummit.com
East Africa Property Investment Summit
Venue Information
The Venue
Villa Rosa Kempinski
The Villa Rosa Kempinski is a world class hotel, with excellent dining and
conference facilities. Guests will experience a five star hotel located in the
commercial hub of Nairobi. The hotel boasts 200 elegantly appointed rooms
and suites distributed throughout 10 floors, featuring a Pan- African and
European fusion design.
Superior Room
Single B&B USD$250
Double B&B USD$280
Contact Person: Anne Kariuki
Tel: +254 20 3603000
Reservations: reservations.nairobi@kempinski.com
Directions from Jomo Kenyatta International Airport to Villa
Rosa Kempinski
Head east, and take a slight left towards Airport South Rd. Continue
straight on Airport South Rd. At the roundabout take the first exit. Continue
straight onto the B10.Keep right to stay on B10.Continue onto Mombasa
Road/ A109. At the roundabout, take the second exit onto Uhuru Highway.
Continue through two roundabouts. At the next roundabout, take the first
exit onto Waiyaki Way. Take the ramp onto Waiyaki Way. The Villa Rosa
Kempinski is on the left.
Transport Options
At Jomo Kenyatta Airport there are various airport transfer companies and
taxi services available. Please ensure you utilise established services. Prices
range from US $30.
Recommended Hotels
- Preferential rates
Intercontinental Nairobi
Queen Superior Room
Single B&B USD $220
Double B&B USD $255
Contact Person: Boniface Nganga
Email: boniface.nganga@ihg.com
Tel: +254 20 3200317
Southern Sun Mayfair
Single B&B Standard Room: US$225
Double B&B Standard Room: US$250
Contact Person: Benson Mulandi
Email: reservations@southernsun.co.ke
Tel: +254 (20) 374-0920
Prideinn Hotel Westlands
Standard Room:
Single B&B: KSH10,500
Double B&B: KSH12,500
Contact: Grace Muthoni
Tel: 0724 957 944 /0734 076 773
Email: gmuthoni@prideinn.co.ke
Three Easy Ways
to register
Email us
raeesa@terraceafrica.co.za
Register online
www.eapisummit.com
Call & talk to us on
+27 11 250 2260
5 Reasons to be there
1. Expand your network of top tier investors and business contacts
2. Find new financial & development partners
3. Gain Access to an Exclusive Site Tour and be privy to the in’s and outs of a real life project
4. Discover corporate expansion plans and fast growing companies
5. Promote your company in Africa and internationally
2015
Registration Document
15-16 April – Villa Rosa Kempinski Hotel, Nairobi, Kenya
Package No. of Delegates
One and a half day Conference
$675 Early Bird Registration before 15th February 2015
$825 Standard Delegate Registration before 31st March 2015
$975 Late Registration 1-15th April
Conference fee includes:
• Full one and a half day access to the East Africa Property Investment Summit
• All refreshments includes breakfasts and lunches
• Exclusive Day Two Networking Lunch
• Invitation and access to all networking events
• Full conference documentation and access to presentations and research
•Parking
Your Details
Delegate Name:
Job Title: Organisation:Industry:
VAT registration number:
Address:
Country:
Tel:
Email:
Dietary Requirements:
Halaal
Kosher
Vegetarian
Post Code:
Fax: None
Code:
Other
Authorising Manager:Signature:
Job title:Email:
Payment Details
On booking, please note payment is due within 14 days from date of invoice. By signing and returning this
form you are accepting our terms and conditions. If you reserve your ticket and select to pay via EFT, payment
is still required within 14 days from date of invoice.
Bank transfer /EFT
Credit Card (online)
Invoice me Bank Details
API SUMMIT
Standard Bank Account No 42 00 35 966
Hyde Park Branch, Code 006605
Payment Ref (‘invoice #’- EAPI)
Swift Code: SBZAZAJJ
Please send the completed form to raeesa@terraceafrica.co.za via email or scan
Privacy policy
You may be contacted about relevant products and services offered by EAPI Summit and its group companies, or reputable third parties which we believe may be of interest to you. Please
tick the appropriate box if you do not wish to disclose your contact details or receive information:EAPI Summit Third parties
Terms and conditions
1. Should you be unable to attend the event, a substitute delegate is welcome to attend at no extra cost. 2. EAPI Summit will not provide a refund for cancellations, if the cancellation
within 30 days of summit. Invoice sums are payable in full. 3. EAPI Summit reserve the right to alter the programme without prior notice including the substation , alteration or cancellation
of speakers and /or topics of the dates of the event. 4. EAPI Summit is not responsible for any loss or damage as a result of a substitution, alteration , postponement or cancellation of an
event or for any loss whatsoever except where such loss arises as a result of gross negligence on the part of EAPI Summit. By attending the EAPI Summit in Nairobi, Kenya, delegates fully
understand the regional risks relating to terrorism and political instability. The organisers cannot be held liable for any refund of delegate fees should the event be postponed or cancelled
as a result of the above. 5. A complimentary ticket cannot be used by a delegate already registered for the event. No refund will be given and the registered person will be held liable for
full payment. 6. Registration fees are subject to currency fluctuations and can be fixed at an exchange rate as per at organisers discretion