A Henry Stewart 2006 Market Briefing

Licensed and Leisure Property

• How rental and capital values are changing
• What happens next

As always this annual examination is a DETAILED, WELL INFORMED, COMPREHENSIVE briefing on the STATE OF THE MARKET SECTORS and the DISCERNIBLE TRENDS. In short what is HAPPENING AND WHERE IT IS HAPPENING AND WHAT IS GOING TO HAPPEN AND WHERE IT WILL HAPPEN.

The briefings will cover:
• The pub market
• Restaurants in all their forms
• Funding sources and terms
• Hotels across the range
• All the other major players in leisure property including fitness centres, casinos and clubs, as well as bingo and bowling

It will cover:
• Consequences for values of changes in the
- licensing laws
- planning regulations
• The knock-on consequences of reduced retailer demand
• Implications of smoking regulations
• The growth in the desirability of hotels
• The re-emergence of vertical ownership in the drinks market
• Implications of the investment drive for ‘yield’
• Consequences of the increased interest being shown by private equity funds
• Lessons from the market, with the latest deals analysed to establish emerging trends
• Dealing with over-rented property
• Trends in market demand
• Developments in the funding market

In short, all the major issues challenging the licensed and leisure property market.

For all licensed and leisure property professionals including operators, developers, investors, property and leisure surveyors, agents and brokers, planners, architects, consultants, and financiers and local authorities.

Full documentation will be provided and adequate time set aside for questions.

Friday, 31 March 2006 • Radisson SAS Portman Hotel, London W1