by Christine Baird | 25 March 2017
The superstars of the real estate world last week wrapped up the annual MIPIM event at the Palais des Festivals in Cannes, France – held at the same venue as the Cannes Film Festival. From the 14th – 17th of March, the blue carpet was rolled out for the 24,000 attendees from 100 countries for the premier international real estate event.
The stars of the Cannes MIPIM include real estate investors, developers, financial institutions, asset & investment fund groups, government dignitaries, city and local organizations, political leaders, advisors, architects, and innovators.
MIPIM is THE premier event for any organization involved in global real estate. With more than 360 speakers, 100 conference and panel discussions, and 3,100 exhibiting companies, MIPIM brings together the most influential players from all sectors of the international real estate world for four days of intensive conferences, exhibitions, and lots of networking.
As a delegate member with FIABCI, an International Real Estate Federation, this organization also had a strong presence at MIPIM with 50 countries in four continents represented and 15 sessions held on market and global perspectives, smart cities, and ethic standards. FIABCI also confirmed their continued alliance with the United Nations and collaboration with UN-Habitat.
Opening keynote speaker Dr. Parag Khanna, Managing Director of Hybrid Reality, discussed urbanization and global connectivity. He said that transportation, energy and communications infrastructures are connecting the world more despite the current geopolitical concerns.
Dr. Khanna said the United States continues to lead total global real estate investments, followed by the United Kingdom and Germany. The U.S. Foreign Investment in Real Property Tax (FIRPTA) reform in 2015 enabled a boost in institutional and SWF investments beyond REITs into high-yield U.S. industrial and commercial properties. He also said that new asset classes includes developers moving into “active adult communities” and “multi-generational living.”
Political change – populism, the Brexit vote, the new Trump administration, and the upcoming elections in France, Germany and the Netherlands – were the MIPIM themes this year and discussion points in many sessions on how these topics will impact the global real estate market. Also technology innovation and growing urban populations were major factors to consider for future real estate strategies.
For more info about MIPIM, see the website at www.mipim.com.
Clarus Real Estate News 