Spring 2021 Issue - 22

developments
In addition to Reid, jury members were Randy Bredar, senior
vice president, JE Dunn Construction, Kansas City, Missouri; Lynn
Carlton, vice president of regional
planning, HOK, Kansas City, Missouri; Fernando Costa, assistant city
manager, city of Fort Worth, Texas;
John Gilmore, managing director,
Walker & Dunlop, New York City;
Kona Gray, principal, EDSA, Fort
Lauderdale, Florida; Veronica Hackett, principal, The Clarett Group,
New York City; Faron A. Hill, founder
and president, Peregrine Oak,
Atlanta; Steve Kenat, principal,
GBBN, Cincinnati; Jill McCarthy,
senior vice president, Kansas City
Area Development Council, Kansas
City, Missouri; Susan Meaney,
senior adviser, KSL Capital Partners, San Francisco; Joe Perry, vice
president, Port KC, Kansas City,
Missouri; Geeti Silwal, principal,
Perkins&Will, San Francisco; Amy
Slattery, founder and chief executive officer, Odimo, Kansas City,
Missouri; Lauren Standish, vice
president, HGOR, Atlanta; and
Margaret Wylde, chief executive
officer, ProMatura Group, Oxford,
Mississippi.
The ULI Hines Student Competition was created with a generous
endowment from longtime ULI
leader Gerald Hines, founder of the
Hines real estate organization.-J.A.

Finalists Announced
for 2021 ULI Hines
Student Competition-
Europe
ULI and international real estate
firm Hines announced eight finalists for the 2021 ULI Hines Student
Competition-Europe. The final
round will take place April 21.
The European program, now in
its second year, provides a compelling opportunity for the winners
to receive fast-track access to the
Hines internship program, as well
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as a free one-year ULI membership.
The team challenge pits students
from a diverse range of universities,
business schools, and other education establishments across Europe
against one another to test their
skills and knowledge of real estate
and land use in a practical case
study about the changing shape of
office environments.
The finalists are: Copenhagen
Business School, Denmark; EBS
Universität für Wirtschaft und Recht,
Germany; IESE Business School,
Spain; INSEAD, France; London
Business School, United Kingdom;
Politecnico di Milano, Italy; Universidad Politécnica de Madrid,
Spain; and University of Cambridge,
United Kingdom.
In the final round, students will
work in teams of four on a topical
challenge-the future of the workplace-which will assess their understanding of how offices will evolve
and remain connected to the communities where they operate.
The competition provides a
unique opportunity for students to
gain real-life experience working on
a project across multidisciplinary
functions, including design, development, investment, and finance,
as well as incorporate social and
environmental issues that affect
decisions involving land use and
sustainable development. The winning team members will be put on
a fast track to the Hines internship
program; receive a guided tour of a
live project and participate in project meetings in Hines's European
offices (as travel restrictions allow);
and receive a one-year ULI membership, which will provide access
to ULI's research content, events,
webinars, education and mentorship programs, knowledge sharing,
and connections with a multidisciplinary global network of real estate
and land use professionals.
" Due to the high-quality number
of applications, it was a challenge
to whittle it down to just eight
finalists, which is testament to the

standard of entries and the range
of submissions from a diverse array
of educational establishments we
received this year, " said Lars Huber,
chief executive officer of Hines
Europe.
" The competition provides an
incredible opportunity for the finalists
to gain exposure to senior real estate
leaders and test their knowledge on
current real estate issues. . . . We are
very proud of our long-term commitment to the ULI to connect with and
support young professionals while
broadening out the talent pool to
attract innovative and diverse talent
into our fantastic industry. "
" We are very proud of the collaboration with Hines, one of our key
corporate partners, with whom we
have jointly developed the ULI Hines
Student Competition-Europe, "
said Lisette van Doorn, chief executive officer of ULI Europe. " We are
delighted to have received more
entries this year than before, which
have been to a very high standard.
It is important to attract and retain
the best talent to our industry who
can help support us at ULI in our
mission of shaping the future of the
built environment for transformative
impact in communities worldwide.
" This competition is a perfect
example of everything ULI stands for,
with such a geographically diverse
and multidisciplinary collaboration
focused on thought leadership, learning, and sharing best practices. It
helps us to support the younger generation as they start their career in
real estate, and we benefit from the
innovative ideas of the future leaders
of our industry to collectively solve
the challenges ahead. "

Asia Pacific: Creating
Sustainable Models for
the Future of Retail
A return to the " old normal " before
the global pandemic is neither possible nor desirable, a panel of retail

leaders agreed at " Experience the
Experience, " ULI Asia Pacific's premier retail event of 2021. In a session moderated by Theo Knipfing,
managing partner at +Curiosity,
the panel discussed the future of
retail, both online and off, and how
landlords and tenants can integrate
both while creating more sustainable business models.
Retail's future will still involve a
focus on maximizing footfall, but
retailers will have to work more
creatively to earn it. While customers will want to return to physical
retail environments, " they have got
much more used to the omnichannel . . . and those online channels
have evolved and become more
experiential, " said Roy Westwood,
founder and strategic, commercial,
and creative director at Westwood
Consulting.
While creative online responses
to COVID-19 meet retailers' immediate needs for revenue, Westwood
said he wondered, " Are we actually
creating a barrier to footfalls later? "
Taku Yamaumi, partner and head
of Japan for L Catterton Real Estate/
LVMH Japan, agreed that that is a
concern. " The objective is how we
attract people who are accustomed
to staying in their apartment watching Netflix, " he said. " It means
brands, tenants, and operators
need to make special incentives for
the customer to come. "

" Experiential Memory
Palaces "
The solution, panelists said, is to
optimize and integrate online and
offline experiences. The demand
for convenience and delivery will
not go away. Retailers must provide
customers with multiple options
for access while also offering distinctive in-person experiences that
have no comparison online, they
said. Stores, shopping streets, and
malls must become " experiential
memory palaces " that trade on the
power of presence and emotional
connections, Westwood said.

SPRING 2021

3/31/21 11:00 AM

Spring 2021 Issue

Table of Contents for the Digital Edition of Spring 2021 Issue