REFINE Real Estate Workshop: Prices, Illiquidity and Diversification Potential

The ReFinE Workshop on commercial real estate is a place for practitioners and academics to meet and exchange ideas. It allows the former to renew their vision and enrich practices that are sometimes based on fragile or fragmented data. The latter find new sources of questioning on a broad and transverse subject such as commercial real estate, in line with the concerns of private and public players.

This new edition will be an opportunity to reflect together on investment strategies, fund selection and asset allocation in real estate.

The papers presented will showcase advances in applied research on a range of areas identified by the network in its research programme, in order to offer new insights into the scope and relevance of often consensual conclusions.

Programme:

8.30am: Welcome coffee

8.55 am: Introductory remarks by Kevin BEAUBRUNT-DIANT (Scientific Director of the ReFinE network)

9:00 : DE JONG Marielle (Associate Professor in Finance at Grenoble Ecole de Management) : The Covariance Structure of Liquid and Illiquid Assets

9h45 : MOSCOVICI Denis (President of DM Conseil et Stratégie and Senior Advisor of IEIF) : Study of the French real estate market for professionals

10:30 am: DELESTOILE Etienne (Banque de France)

11:15 : Coffee break (10 – minutes)

11:25 : GUEDJ Béatrice (Head of Research & Innovation, Swiss Life Asset Manager/ Scientific Manager of the ReFinE network) : SCPI in open architecture

12:15 – Buffet lunch (45 – minutes)

13h00 : SOTURA Aurélie, (Banque de France)

13h30 : PETEY Joel, (University of Strasbourg) : Lending standards and credit risk. Lessons and implications from 20 years of French housing loans production.

14h00: AOUADI Amal (University of Lille) : Designing a real estate climate index: International evidence

14h30: End of the ReFinE Workshop

Registration