Commercial Leasing & Property Management

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About

Your Guide to Commercial Property Valuations, Leases, Insurance & Legal Obligations during a Period of Market Recalibration

Attend to Access the Latest Information Directly from Industry Experts
• Tenants’ Panel: Key Issues in Commercial Leases
• Lessons From Christchurch
• 3-Part Market Commentary
• Legal Updates and Extended Q&A
• Rent Revaluations
• Commercial Property Valuation
• Accounting for Leases

Meet the Commercial Property,  Valuation & Law Specialists
• Bayleys
• Jones Lang Lasalle
• Buddle Findlay
• Pidgeon Law
• Knight Frank Christchurch
• DNZ Property Fund
• Property Strategies Ltd

- Sheldon & Partners

Full Day Workshop - 2 November
Insurance for Commercial Property with Lessons from Christchurch - Practical & Legal Implications
Facilitated by Joanna Pidgeon

Agenda

Agenda: Day 1

9.00

Welcome from the Chair

Geoff Graham, Corporate Services Manager
BAYLEYS PROPERTY SERVICES

9.10

Part 1: The New Zealand Economic Update

• Economic trends for NZ and abroad
• Should we rely on business and consumer confidence results?
• What is New Zealand’s value proposition and how does it benefit the commercial property sector?
• What are the signals to focus on so you don’t miss any opportunities?

Chris Dibble, Associate Director – Research & Consulting, JONES LANG LASALLE

9.35

Part 2: Commercial Property Markets – Trends, Figures & Forecasts

• What are the current trends in the commercial property industry
• Where is the most demand for commercial property now – Inner city, fringe or suburban locations?
• What are the most desirable types of commercial property in the current market
• Which sectors of commercial property will experience growth in the next 12 – 24 months?

Chris Dibble, Associate Director – Research & Consulting, JONES LANG LASALLE

10.00

Part 3: Provincial Commercial Property Round-up

• Which provincial regions of New Zealand can expect an upturn in the near future?
• Land values have been tipped at being too high to support sustainable growth in the provinces – is this set to continue?
• What are the industries which will provide growth for the provincial commercial property sector?

Layne Harwood, Managing Director, KNIGHT FRANK CHRISTCHURCH

10.30

Morning Break & Refreshments

10.50

Examining the Cost and Accessibility of Funding for Commercial Property

With the cost of credit, insurance, compliance and tax all going up commercial property owners are feeling the pressure. To ensure continued returns and cash flow to manage their property portfolios, they are looking to secure new debt facilities and hoping to encourage more investment in the sector. This presentation will examine where investments are coming from and how landlords can access the funding available.
• Accessibility and cost of funding – what are the current trends?
• Cost of refinancing and the renewal of debt funding facilities in the current market
• How can you mitigate the likely impact on your current and future margins?

Phil Brown, General Manager Investment, Development and Capital Management

11.30

Ensuring you Have Sufficient Insurance Cover

Insurance cover can no longer be seen as an unwelcome expense by property owners, managers and tenants. In today’s environment, ensuring you have sufficient insurance to cover the unexpected is one of the key lessons learnt by those within the property sector from the Christchurch earthquakes.
• Knowing what cover you need and seeking out the best policy for your situation
• Is leaving insurance solely in the hands of the tenant the best option?
• The necessity of accurate property valuations for insurance purposes

Representatives from AON INSURANCE BROKERS

12.15

Lunch

1.15

What Are the Property Owner’s Obligations in a Crisis?

After the series of earthquakes in Christchurch, questions are being raised around what the property owner’s obligations are in crisis circumstances in regards to leasing agreements and building standards.
• What are your obligations as an owner under common commercial leasing agreements, particularly under ALDS Leases?
• Where can you look to find information about the safety standards of your commercial property?
• What are the obligations of the owner in regards to strengthening buildings and ensuring they are compliant with legislation and bylaws?

Layne Harwood, Managing Director, KNIGHT FRANK CHRISTCHURCH

2.00

Tenants’ Panel: Key Issues within Commercial Leases (Panel)

This popular panel is back this year and will give you the opportunity to hear from tenants as they discuss what it is they look for in a commercial leasing arrangement and how landlords can gain advantage by addressing their concerns.
• What are the needs of retail, office and industrial tenants?
• Is flexibility important in a lease agreement?
• Ensuring buildings are up-to-scratch
• Changes to rental agreements or increases in rent

Jim Robb, Head of Corporate Property, TELECOM NZ
Nicholas Piper, General Manager – Commercial, BAYLEYS PROPERTY SERVICES
Kathy Ngatai, National Property & Procurement Manager, DELOITTE
Peter Scott, Director, PARALLEL DIRECTIONS LTD

2.45

Afternoon Break & Refreshments

3.00

Approaches to Commercial Property Depreciation

As we head into an era where depreciation on commercial buildings no longer applies for tax purposes, how is the depreciation of the buildings being handled? This session will cover the following points:
• Tax Depreciation treatment of Property Assets
• History of the changes beginning in 1992 then 2005 and now post Budget 2010 and the reason for the changes
• Examples of pre and post 1 April 2011 analysis of a commercial property transaction
• Benefits of this analysis and how to get it right
• Depreciation recovery on sale

John Freeman, Director of Valuation & Advisory Services, BAYLEYS VALUATIONS LTD

3.50

Rent Revaluations: What is the Best Way to Approach Changes in Rent?

What is the best way to approach a change in rental payments? Especially when the previous valuation of the property and the new valuation have a significant difference in value, changes to rents can become a nightmare for the lease holder and the property owner. This session will look at the intricacies involved in rent revaluations and how you can ensure the rent being paid is a fair assessment of the building’s commercial worth.
• The latest trends in rent reviews
• In what circumstances do rent reviews work best?
• Should rent revaluations be broached by the lease holder or the owner of the building?

Mike McLean, Registered Valuer, SHELDON & PARTNERS LTD
Mike is a Registered Valuer with over 13 years experience and most recently worked as an Associate Director of Jones Lang LaSalle Valuation and Advisory.

4.30

Ensuring Accurate Valuation of Commercial Property

Julian Rattray, Registered Valuer, TELFER YOUNG

5.15

Networking Drinks

Agenda: Day 2

9.00

Opening Remarks from the Chair

Geoff Graham, Corporate Services Manager, BAYLEYS PROPERTY SERVICES

9.05

Case Study: Adding Value to Ensure a Successful Sale or Lease (Case Study)

Joanne is an experienced property manager and registered valuer within the commercial property sector. This case study will look at the ways she has increased the value of commercial property and helped get tenants or prospective buyers for commercial property portfolios.
• Knowing what the buyer or leaser wants and catering for it
• Why providing amenities can create more opportunities for sale or lease
• Constantly looking out for an opportunity to add value

Joanne McCracken, Director, PROPERTY STRATEGIES

9.50

Maximising the Future Potential of Commercial Properties

What are the key ingredients for ensuring commercial workspaces stand up to the rigours of time? This session will look at the trends in commercial workspaces and how you can save money and add value to your property with clever fit-out choices.
• Ensuring compliance when there is a change in building use
• Creating flexible workspaces for your potential tenants

Peter Scott, Director, PARALLEL DIRECTIONS LTD

10.30

Morning Break & Refreshments

10.55

Property Law Update: What Are your Rights & Responsibilities as Landlords?

What are you legally accountable for as a property owner? This property law update will cover the latest developments for commercial property law from recent leasing cases and the clarification of the Property Law Act provisions on leases including.
• Setting up of lease agreements and the breaking of them
• Who is liable for maintenance?
• What happens when your tenant can’t pay or becomes insolvent?

Daniel Kelleher, Partner, BUDDLE FINDLAY

11.25

The Unit Titles Act and its Implications for the Commercial Sector

This property law update will look at the newly enacted Unit Titles Act and the implications it will have on the buying and selling of commercial property that fall under the Unit Titles Act.
• Main implications for landlords and managers to be aware of
• Ensuring transparency when dealing with common property
• What does disclosure really mean and are you ready for it?

Joanna Pidgeon, Principal, PIDGEON LAW

12.00

Extended Legal Q&A

This extended questions and answers session gives you the opportunity to ask our legal experts about any aspect of property law.

12.20

Lunch

1.20

Panel Discussion: Challenges and Triumphs in the Current Commercial Property Climate

John Browning, Director, MOUNTAIN PRODUCTIONS LTD

2.20

Afternoon Break & Refreshments

2.40

Fundamentals of Accounting for Leases

The International Accounting Standards Board’s Exposure Draft on leases has the potential to fundamentally change how organisations view and manage their leased assets. This session will examine the proposed changes to the way leases are accounted for and the potential impact on the commercial property market.
Key topics to be addressed in the session are:
• Implications of the proposed changes for lessees and lessors
• Proposed changes to the way sale and leaseback arrangements are reported
• Changes that may be made to the Exposure Draft when issuing a final standard.

Jackie Russell-Green, National Technical Manager, STAPLES RODWAY

3.40

Closing Remarks from the Chair & Close of Conference

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