We will be joined by the following panelists:
- Facebook – Dan Madrigal,'96 Corporate / Real Estate Development
- WeWork – Mary Finnigan, Head of Transactions for WeWork
- Audacity Partners and Lyxstreet – Alfredo Triviño, CEO
- Autodesk – William Lopez Campo, '18 (EXP-23) Senior Business Consultant
Moderated by Philip Byun, '01 Principal Asset Management at DRC Capital.
6:30 - 8:00 pm – Panel discussion and Q&A
- Trends: How are technology firms and millennials reshaping the real estate industry.
a) Urbanisation impact – Greater mobility and increasing rental population in bigger cities (concentration of college educated workers is increasing in big cities leading to urban revival and concentration of talent. How is each player participating in this industry transformation).
b) Startup Ecosystem shift and Third Wave of Internet – Shifts in startup map, both geographic (rise of China and decline of US pre-eminence) and economic (Fintech, Cybersercurity and Blockchain). Third Wave verticals (Uber for mobility or Airbnb for hospitality) and Deep Tech (AI, Big Data & Analytics, Life Sciences).
c) Growth on data consumption and the 'cloud' – need for well connected facilities and data centers (Cloud Infrastructure – Amazon Web Services, Microsoft Azure, Google Cloud, Facebook Open Compute Project).
- Tools and products being developed to improve efficiency and productivity across multiple sectors (education, work, retail, infrastructure)
a) Facebook – Creative Hub Project; Workplace
b) WeWork – WeGrow; WeLive; partnerships ('Flatiron school'...)
c) Audacity Partners (digital innovation studio collaborating with brands, retailers and publishers to design new products and to define long-term growth strategies) and Lyxstreet – e-commerce for luxury brands
d) Autodesk – Building Information Modelling (BIM), digital prototyping; Convergence of Construction and Manufacturing
a) How can real estate investors better prepare for ongoing technological disruption?
b) What are areas of research that each firm is focusing on to maintain its competitiveness and longevity (R&D)? "Patent applications have grown by an astounding 174% in the past 20 years, with R&D spending as a share of the GDP growing by 13% in same period, On a similar upward trend, number of R&D researchers per capital has grown 18% in the past 10 years." (Global Startup Ecosystem Report 2018 – Startup Genome)
c) Technology (AI, BIM, CRM and POS) transformation of hospitality industry, residential sector (modular homes)
8:00 to 9:00 pm - reception
Philip Byun, '01 (Moderator)
Principal Asset Management, DRC Capital
Philip has 20 years of real estate and debt capital markets experience in US and Europe. At DRC Capital (a real estate debt fund), Philip oversees the asset management of all its investments totalling c.£2 bln covering all sectors (office, retail, student housing, residential, hotel, logistics). Since joining DRC over 4 years ago, Philip has played an instrumental role in the scaled growth of the business underpinned by operational discipline. This is evidenced by trifold growth in assets under management, diversification of real estate debt products, and recent 25% sale of the firm to Savills Investment Management.
Prior to DRC Capital LLP, Philip was VP of Special Servicing at Hatfield Philips in London being responsible for commercial real estate loans workout and acquisition underwriting. Before joining DRC Capital, Philip spent 9 years at ABN AMRO in debt capital markets and risk management. Prior to ABN AMRO, Philip was a rating analyst at Fitch. He has an MBA from the University of Chicago Booth School of Business and a BS in Economics from the University of Illinois at Urbana-Champaign. Philip is also a CFA charterholder.
Mary Finnigan (Panelist)
Head of Transactions, WeWork
Mary is the Head of Transactions for WeWork where she negotiates the leasing deals throughout Europe under which WeWork operates its premises. She specialises in real estate and has previously worked with and advised major European developers, landowners and retailers, including British Land, The Crown Estate, SuperDry and Marks & Spencer.
Before joining WeWork, Mary set up and ran an Asset Management Team at a large European law firm. She also lectured at Graduate Law School, worked as a real estate lawyer at an American law firm for several years and lived in Marseille for a year where she worked for a large retailer.
Mary earned her Masters Degree in in French and German from the University of Cambridge and her legal qualifications to practise as a lawyer from Chester College of Law.
Mary comes from Liverpool and now lives in North London with her husband and 2 children. She is passionate about gender diversity and equality for women in the workplace and is an active member of the RE Women Group.
Dan Madrigal, '96 (Panelist)
Corporate / Real Estate Development, Facebook
Dan has 20 years progressive experience in real estate development, portfolio management, strategic planning, deal structuring and operations in various industries (technology, biosciences, consumer packaged goods and banking). He has worked within corporate finance, private equity and investment banking groups (Bank of America, The Clorox Company, Amgen, Devonshire Investors, Equinix and currently at Facebook). In his roles, he has completed deals exceeding $4.2 billion in major international markets in the Americas, Europe, Middle East, Africa and Asia Pacific.
He has a Bachelor's degree from University of Oxford and an MBA from The University of Chicago Booth School of Business.
Alfredo Triviño (Panelist)
Founder & CEO, Audacity Partners
Founder & CEO of Audacity Partners, a London-based experience design and innovation studio focused on delivering enterprise culture marketing through extraordinary digital products, experiences and stories that help organisations to change.
In the age of AI and robots, Audacity Partners are content experts helping senior leaders in four key stages of their cultural transformation:
(1) To understand how relevant content (culture marketing) is for their business.
(2) To define a content strategy, and a brand content and distribution model.
(3) To create relevant content and content-driven products and experiences.
(4) To measure how successful content is to favour sales or engagement.
Triviño is also founder of LYXSTREET, which introduces the next generation of premium e-commerce —content and experience driven. LYXSTREET aims to accelerate conversion and increase the return on the investment on content already created.
Triviño spent 7 years in key senior management roles at News Corp, ultimately as Director of Innovation. Through radical new products he was instrumental in the global development of a pay model for digital journalism, and in imagining long-term editorial and commercial growth strategies.
In 2006, four years before the iPad, he invented the Newsbook —a device where to read newspapers, books, magazines. In 2008, three years before Pinterest, he created whatmakesme.me, which anticipated the appetite for a shopping-driven network built upon affinity of interests. In 2009, forecasting Siri, he prototyped for Vodafone an app called 'Love Fridays', an assistant that offered location and emotion-based experiences, through conversation. In 2012, he created a mobile media which inspired 2015 Snapchat's Discovery platform and experience.
He has a BA in Communication from University of Navarra and completed the Stanford Executive Program at Stanford Graduate School of Business.
William Lopez Campo, '18 (EXP-23) (Panelist)
Senior Business Consultant, Autodesk
William has over 15 years experience in the field of architectural design and technology implementation of construction projects covering education, residential and infrastructure sectors. In his current role at Autodesk, he helps large corporate clients with the strategy and implementation of Building Information Modelling (BIM), a technology-based approach to Design and Construction for several international corporates.
He has an Architecture degree from University of Buenos Aires and an MBA from the University of Chicago Booth School of Business.