Swedish Real Estate Conference

Tuesday, September 18, 2018

September 2018

Conference

Swedish Real Estate Conference

Are we at the top of the real estate cycle?

thursday, November 08, 2018
merchant taylors' hall, london

Swedish Real Estate Conference

Are we at the top of the real estate cycle?
Tuesday, September 18, 2018
September 2018
Finlandshuset
Stockholm

Swedish Real Estate Conference

Are we at the top of the real estate cycle?

Tuesday, September 18, 2018
September 2018
Finlandshuset
Stockholm

Swedish Real Estate Conference

Are we at the top of the real estate cycle?

Tuesday, September 18, 2018
September 2018
Finlandshuset
Stockholm
Stockholm

Swedish Real Estate Conference

Are we at the top of the real estate cycle?

Tuesday, September 18, 2018
September 2018
Finlandshuset
Stockholm

Swedish Real Estate Conference

Are we at the top of the real estate cycle?

Tuesday, September 18, 2018
September 2018
Finlandshuset
Stockholm

The commercial real estate market is booming but risks are looming. The Swedish housing market has slowed down, housing construction is expected to decrease and households are heavily indebted  – what would the effect be on GDP one of most important drivers for commercial real estate market - are we at the top of the cycle or have we passed it?

Join Moody’s Real Estate Conference to gain the latest insights on Swedish real estate companies’ creditworthiness and financial stability, as well as understanding how environmental factors may impact credit analysis, and the trends, risks and opportunities for the bond markets this year.

To access the event in Swedish, please click here.

Agenda

08.30         Registration & Coffee

09.00          Welcome Address

Marie Elvesol, Senior Vice President, Country Manager and Head of Nordics

Chairperson: Maria Gillholm, Vice President - Senior Credit Officer, Corporate Finance Group

09.10           Opening Presentation

Moody's outlook for credit quality in the Swedish real estate sector (Swedish)

  • Do positive outlooks on several real estate companies’ ratings reflect
    company-specific fundamentals, or our view of the sector?
  • Strengths and weaknesses of Swedish real estate companies versus the
    rest of  Europe

Maria Gillholm, Vice President - Senior Credit Officer, Corporate Finance Group

09.35           Panel Discussion

Are we at the top of the cycle or have we passed it? (Swedish)

  • Status and outlook for the property market
  • The banks’ appetite for real estate exposure
  • GDP expectations and the likelihood of increasing interest rates and margins
  • Event risks: Household debt, project developers’ credit quality, increasing bad loans on banks’ balance sheets, weakening GDP due to lower consumer spending, declining residential construction
  • Credit quality implications for real estate companies

Led by Maria Gillholm, Vice President - Senior Credit Officer, Corporate Finance Group

Arvid Lindqvist, Head of Research, Catella Corporate Finance

Urban Håkansson, Head of Real Estate Sector, Swedbank

Louise Lundberg, Senior Credit Officer, Banking

Niclas Boheman, Assistant Vice President – Analyst, Banking

Olivier Chemla, Vice President - Senior Analyst, Sovereign Risk Group

10.10          Presentation and Keynote Panel Discussion

Financial stability: Potential risks for commercial real estate? (Swedish)

  • Largest threat to financial stability in Sweden
  • What are the largest risks for banks when it comes to housing market and commercial real estate?
  • How will liquidity be supplied if investor appetite for banks’ covered bonds wanes?
  • As interest rates in Europe rise as a result of reduced quantitative easing, can Sweden act independently to limit risks to households and commercial real estate?  
  • Sweden has negative interest rates, is the interest rate weapon exhausted?
  • Will additional regulations be needed to curb household debt?

Led by Maria Gillholm, Vice President - Senior Credit Officer, Corporate Finance Group

Kerstin af Jochnick,  First Deputy Governor, Riksbank

Henrik Braconier, Chief Analyst, Swedish FSA

11.10         Networking & Coffee Break

11.35           Panel Discussion

Bond market insights (Swedish)

  • What are the trends, risks and opportunities in the bond market?
  • The number of rated real estate companies is increasing; will they take
    the opportunity to diversify into other markets and lengthen debt maturities?
  • Green bond issuance is rapidly increasing, will this become the “new
    normal”?     

Led by Maria Gillholm, Vice President - Senior Credit Officer, Corporate Finance Group

Åsa Bergström, CFO, Fabege

Ulrika Danielson, CFO, Castellum

Louis Landeman, Chief Analyst, Danske Bank

Helena Lindahl, Portfolio Manager, Storebrand

Christer Nerlich, CFO, Vasakronan

12.20            Presentation

Carbon transition: Risks but mostly an advantage for real estate (English)

  • Low regulatory risk
  • Companies voluntarily adopting stricter environmental frameworks to enhance their competitiveness and profitability and have favourable financing costs.

Matthias Hellstern, Managing Director, Corporate Finance Group

12.40           Closing Remarks 

Matthias Hellstern, Managing Director, Corporate Finance Group

12.45           Light lunch

Speakers

Moody's Speakers

Niclas Boheman

AVP - Analyst

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

AVP - Analyst

Niclas Boheman

Niclas Boheman, based in London, is Moody’s lead analyst on a number of financial institutions in the Nordics and Baltics.

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Olivier Chemla

Vice President - Senior Analyst

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Vice President - Senior Analyst

Olivier Chemla

After serving the French public administration in several positions (including as Senior Adviser to Valérie Pécresse, Minister for the Budget and Public accounts) between 2007 and 2012, Olivier was appointed Chief Economist of the French leading Business Association (Association francaise des entreprises privées) in the summer of 2012. He joined the Moody’s Sovereign Department in Frankfurt as Vice-President/Senior Analyst in May 2018.

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Marie Elvesol

Head of Relationship Management for the Nordics

Commercial Group

Moody's Investors Service

Moody's Investors Service

Commercial Group

Head of Relationship Management for the Nordics

Marie Elvesol

Marie Elvesol is part of the Commercial Team in EMEA and is responsible for Moody’s Investors Service’s Stockholm office and outreach activities in the Nordics. She serves as the point of contact to issuers and other market participants in Sweden, Denmark, Norway, Finland and Iceland.

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Maria Gillholm

Vice President – Senior Credit Officer

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Vice President – Senior Credit Officer

Maria Gillholm

Maria Gillholm is a VP-Senior Credit Officer in the Corporate Finance team and has worked with Moody’s in Sweden since March 2017. She is the lead analyst for Nordic real estate issuers.

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Matthias Hellstern

Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director

Matthias Hellstern

Matthias Hellstern, Managing Director, has been with Moody’s Deutschland GmbH in Frankfurt since October 2004. Matthias is Team Leader in the European Corporate Finance Group heading the Frankfurt-based analytical team focusing on manufacturing industries. The principal industries covered by his team include Auto, Capital Goods, Paper and Packaging, and Building Materials. He is also managing teams in London and Stockholm that are covering the Real Estate, Shipping and Airlines sectors.

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Louise Lundberg

Vice President - Senior Credit Officer

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President - Senior Credit Officer

Louise Lundberg

Louise joined Moody’s in November 2016, and is the lead analyst for the large Swedish and Danish banks. Prior to joining Moody’s, Louise spent nine years at Standard & Poor’s. She initially worked as a senior credit analyst in the Sovereign and International Public Finance Group, and thereafter in the Financial Institutions Group - in the midst of the global financial crisis. The last 4 ½ years at S&P, Louise headed up the rating agency’s Banking Industry Country Risk Assessments (BICRAs), the key element of bank ratings, globally.

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Further Information

Moody’s Events 

Eleanor Mcintosh

Events Manager

+44-207-772-1559

eleanor.mcintosh@moodys.com