Preston Rowe Paterson was proud to again be a sponsor of the Property Funds Association (PFA) conference in Adelaide in May 2018. Greg Preston, who sits on the executive of the PFA, commented that the conference which was themed “New Horizons Exploring Property Opportunities” had an exceptional line-up of speakers who dealt with contemporary issues in new asset classes.
Keynote speakers included Nick Vrondas of the Goodman Group, Gary Horwitz of Lend Lease, Chris Tynan of Blackstone Real Estate Australia and Michelle McNally of ISPT Super Property.
The conference agenda addressed demand drivers for industrial property, how experiential retail will conceptually impact the future of retail bricks and mortar, private equity markets as well as contemporary issues in office design. Multifamily housing, student accommodation and health care asset classes were front and centre also.
The PFA, as part of its underlying fundamental mantra, works tirelessly on behalf of its fund manager members reviewing and commenting on the evolution of the legal and regulatory framework around capital raising for investment real estate. Greg Preston commented that the regulatory update provided by Harry New of Hall and Wilcox on Corporate Collective Investment Vehicles (CCIV’s), product design and distribution obligations, a review of ASIC’s Regulatory Guide 97, ASIC’s fee for service model and the PFA’s views on the Royal Commission into Banking was an important update for unlisted fund managers.
Preston Rowe Paterson was represented at the conference by Greg Preston, Neal Ellis, Neal Smith, Hamish Goldfinch and Kieran Fleming.
Further details of the conference are available on the PFA website www.propertyfunds.org.au.