B R O C H U R E THE SPRING MEETING OF. ESTORIL, CASCAIS May 2018 Hotel Palácio Estoril Rua Particular PT Estoril

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1 B R O C H U R E THE SPRING MEETING OF ESTORIL, CASCAIS May 2018 Hotel Palácio Estoril Rua Particular PT Estoril PRESENTATION & PROGRAMME ORGANISED BY Professional Association of Valuation Companies of Portugal Please register by 26 April 2018 at the latest.

2 THE ORGANISER Professional Association of Valuation Companies of Portugal ASAVAL, founded in 2010, is an association representing the Portuguese property valuation companies, as well as individual valuers, nationally and internationally. ASAVAL and its member companies stand for the setting in Portugal of the European Valuation Standards, for high levels of professionalism and independence of the valuation profession, including independence from real estate brokerage. The association is a Full member of TEGoVA since 2011 and an AMA and an R-AMA awarding member of TEGoVA since October The representatives of the Association to TEGoVA are: Adriano Callé Lucas REV President ASAVAL Isabel Araújo Ferreira REV Member of the Board ASAVAL Paulo Barros Trindade REV Member of the Board ASAVAL Carlos Calvário Secretary General ASAVAL Secretariat: Rosário Botelho Tel: Mob: asaval@asaval.pt 2

3 BRIEF HISTORY OF CASCAIS The development of Cascais began in the 12th century and in its humble beginnings, the coastal village depended on fishing and maritime commerce, but already in 1364 it obtained the elevation of town status. The town's medieval fortress was inadequate to invasions, and during the conflict with Spain in 1580, Spanish troops led by the Duque of Alba invaded Cascais. Later the fortress was enlarged and changed into its characteristic, and still remaining, citadel starshaped floorplan and it became part of the strategic defence line of the coast and reinforcing the protection of the maritime entrance to Lisbon. When King Luís I in the 1870ies decided to make Cascais into his summer residence the quiet fishing village turned into a cosmopolitan address and the Portuguese royal family stayed in Cascais to enjoy the sea during the summers until Thanks to King Luís, the citadel was equipped with the country's first electric lights in 1878 and the first railway also arrived here in Another important step in the development of the area was made in the first half of the 20th century with the building of a casino, hotels and a thermal SPA in neighbouring Estoril. During the two world wars, especially in World War II, Estoril became the elected getaway destination for European aristocracy to the horrors of the war and several of the exiled royal families of Europe, including those of Spain (House of Bourbon), Italy (House of Savoy), Hungary and Bulgaria came to live here. Besides aristocrats and royalty s, spies and writers also had a preference for the area, as was the case with for example Ian Fleming. It is supposed that he wrote the first part of Casino Royale, with its legendary figure James Bond here and thus projection of the image of the Cascais Estoril area to the four corners of the world. 3

4 FEES The registration fee of 595,00 includes entry to: - the Valuation Conference on 18 May, tea/coffee breaks and lunch - the Formal Dinner on 18 May - the General Assembly on 19 May, tea/coffee breaks and lunch The extra costs for delegate partners formal dinner, partners programme and informal dinner are indicated in the registration form. HOTELS & MAIN VENUE Hotel & Meeting/Conference Venue Hotel Palácio Estoril Located in the heart of Estoril just 20 minutes from the centre of Lisbon, the Palácio is a five-star hotel set in beautiful gardens and with outstanding views over Estoril and the Bay of Cascais. From the airport: 30 minutes Single room Double room Buffet breakfast included (complimentary access to Spa Banyan Tree sauna, hammam, jacuzzi, gym and dynamic pool) City tax : 1 per day and per person to be paid directly to hotel on check out Second Option Hotel Hotel Inglaterra Hotel Inglaterra embraces his conservative side of "belle époque" with its new contemporary and bold side that invites all of our customers to live more than an experience during your stay in Estoril. From the airport: 30 minutes Standard single room Standard double room Breakfast included City tax : 1 per day and per person to be paid directly to hotel on check out 4

5 FORMAL DINNER Penha Longa Monastery Hotel Penha Longa Ritz-Carlton, Estrada da Lagoa Azul Sintra - Linhó Portugal INFORMAL DINNER Restaurante Monte Mar Rua da Cintura do Porto de Armazém 109, Cais Sodré 65, 1200 Lisboa 5

6 VALUATION CONFERENCE Hotel Palácio Estoril European Valuation Conference European Valuation Standards and Qualifications Guarantors of the professional competence that EU regulation requires Hotel Palácio Estoril Friday 18 May :00 17:30 GENERAL ASSEMBLY Hotel Palácio Estoril 6

7 VENUES (summary) Hotel Palácio Estoril - Meetings EVSB meeting ((Thursday 17 May, morning)) Board meeting (Thursday 17 May, afternoon) Other meetings (Friday 18 May, morning) General Assembly meeting (Saturday 19 May, morning) Hotel Palácio Estoril - Conference room Valuation Conference (Friday 18 May, afternoon) Mosteiro de Penha Longa Formal Dinner (Friday 18 May) Restaurante Monte Mar Informal Dinner (Saturday 19 May) Saturday 19 May 2018 PARTNERS PROGRAMME Visit to Village of Sintra A UNESCO world heritage site 10:00 15:00 Visit to: Cabo da Roca the westernmost point of the European mainland The National Palace in Sintra Some free time for strolling and shopping in the pedestrian streets and lanes of Sintra Lunch at Restaurant centrally located in historical centre Cost: 70 per person (minimum participants:10) The price includes entrance fees and English speaking guide. Lunch is included. 7

8 MEETING PROGRAMME Thursday, 17 May :00-18:30 Registration of TEGoVA Delegates 10:00-13:30 EVSB Meeting (for EVS Board Members only) 15:00-19:00 TEGoVA Board Meeting (for Board Members only) 20:00-23:00 TEGoVA Board Dinner (for Board Members, Advisers, Secretariat and Guests) Venue: to be defined Dress Code: Jacket, no badges 19:45 Meeting point: lobby of the hotel Friday, 18 May :30-18:30 Registration of TEGoVA Delegates 09:30-10:30 REV, TRV & REVC Contract Signing (Meeting Room) (for AMA, R-AMA and C-AMA delegates who have REV, TRV and REVC Agreements to be signed) 09:30-10:30 Recognition Committee Meeting (RC Members only) 10:30-11:30 EVQB Meeting (EVQB Members only) 11:30-12:30 EVPMB Meeting (EVPMB Members only) 12:30-14:00 Buffet lunch on the premises 14:15-17:30 European Valuation Conference (please see next page) 20:00-23:30 Cocktail & Formal Dinner (TEGoVA delegates, partners / guests) Venue: Mosteiro da Penha Longa Dress Code: Jacket & Tie, no badge Transport: Private bus 19:30 Meeting point: lobby hotel 8

9 EUROPEAN VALUATION CONFERENCE * European Valuation Standards and Qualifications Guarantors of the professional competence that EU regulation requires Friday 18 May :00 Registration (Entrance Free for TEGoVA Delegates) 14:15 Welcome - Adriano Callé Lucas FRICS REV, President of ASAVAL, Chairman of CPU Consultores and Paulo Barros Trindade REV, Board Member of ASAVAL; CEO of TERRAVAL 14:20 Opening by the Conference Moderators João Carvalho das Neves PhD FRICS REV, Professor of ISEG; Coordinator of the Post Graduation in Valuation & Property Management and Jean-François Drouets FRICS REV, Member of the Board and Treasurer of TEGoVA; CEO, Catella Valuation, France 14:30 The need to adopt EVS European Valuation Standards as Portuguese legislation Michael Reinberg PhD FRICS CRE REV, Chairman of the European Valuation Standards Board of TEGoVA; Member of the Board, Austrian Association of Real Estate Experts; Managing Director, Reinberg & Partners Immobilienberatung 14:45 REV (Recognized European Valuer) and TRV (TEGoVA Residential Valuer): The key to valuers Europe-wide professional recognition Roger Messenger BSc FRICS FIRRV REV MCIArb, Vice-Chairman of the Board of TEGoVA; Chairman of the REV/TRV Recognition Committee and European Valuation Qualifications Board; Council Member, Institute of Revenues, Rating and Valuation; Partner Wilks Head & Eve 15:00 The role of Valuation Companies in the Mortgage Lending Industry - João Carvalho das Neves 15:15 Real Estate Valuation The Challenges of their Supervision and Regulation - Tiago dos Santos Matias Head of Supervisão de Gestão de Investimento Colectivo CMVM 15:45 The limits of statistics and AVMs in valuing individual properties Krzysztof Grzesik FRICS IRRV (Hons) REV, Chairman of the Board of TEGoVA; Vice-President, Polish Federation of Valuers Associations; Partner, Polish Properties 15:55 16:25 Coffee Break 16:25 Valuer s Fees Competition/fees/quality and the race to the bottom Roger Messenger 16:45 Sanctuarising the valuer s professional experience and judgment the EVS-compliant Valuation Report Cédric Perrière REV, Member of the European Valuation Standards Board; JHP Valuation 17:05 Discussion Moderated by João Carvalho das Neves and Jean-François Drouets 17:25 17:30 Conclusion - João Carvalho das Neves and Jean-François Drouets * Programme subject to minor amendments 9

10 Saturday, 19 May :30-09:30 Registration of TEGoVA Delegates (entrance GA room) 10:00-15:00 Partners Programme Vist to Sintra - UNESCO world heritage village - with lunch 09:45 Meeting Point: lobby of the hotel 09:30-16:00 TEGoVA General Assembly 11:00-11:30 Coffee break 13:00-14:30 Lunch Delegates TEGoVA General Assembly (hotel) 14:30-16:00 TEGoVA General Assembly continued 16:00-17:30 Board Meeting 20:00 23:00 Informal Dinner Venue: Restaurant Monte Mar Dress Code: Smart casual, no badge Transport: by bus 19:30 Meeting point: lobby of the hotel REGISTRATION PROCEDURE Meeting registration fees Information Events Meeting Registration Fee (including the valuation conference and the formal dinner) Formal Dinner - Friday 18 May 2018 Mosteiro Penha Longa (dinner cost for partners) Partners Programme - Saturday 19 May 2018 Visit to Sintra including lunch (see Brochure p. 7) minimum participants: 10 Informal Dinner - Saturday 19 May 2018 Restaurant Monte Mar Lisbon (not included in the registration fee) Cost

11 Registration instructions Submit your meeting registration at: Payment methods: Please be informed that payment can be made online with credit card or by bank transfer. Payment by bank transfer - bank charges to be paid by delegate Invoice: The invoice will be sent to the address indicated in the online registration form. Registration conditions: Completing the online registration form represents a legally binding contract and a commitment to pay all charges incurred. Cancellations have to be made in writing by to secretariat@leading.pt Registration cancellation rules: Full refund of paid registration fee will be granted until 26 April. After this date No refund of paid registration fee will be granted. Liability: The organisers indemnify from and against all and any claim, action or demand brought by any person in relation to any act, matter or thing arising directly or indirectly. The organisers are not liable to others for any indirect, direct, consequential or special damages of any kind. It is recommended that participants conclude a personal accident insurance before starting the trip. Hotel reservations Should you wish to book a room please make sure to do this registering for the meeting online (see above). Please note that hotel reservation is only valid and confirmed upon receipt of payment for the room reserved. Please also see the cancellation conditions for room reservations on the online reservation form. Should you wish to book your room for other /additional dates please contact the event secretariat via secretariat@leading.pt. We can only guarantee availability and hotel rates until 26 April If you are not able to book by until this date, please contact the event secretariat to check availability. 11