MIPIM, the international property event hosted in Cannes, France each March, has been postponed to 2-5 June.

Organisers Reed MIDEM said the 2020 edition – which was expected to host over 26,800 participants next week – had been moved from its original 10-13 March date due to growing concerns related to the spread of the coronavirus.

Reed MIDEM CEO Paul Zilk said: “The well-being of our clients and staff is our priority. Given the evolving context, the best course of action is to postpone MIPIM to June.

“This is not a decision we have taken lightly. We believe these new dates will provide the international MIPIM community with the opportunity to achieve their business objectives.

“We are grateful to our clients for their support and constructive input during this challenging period, and we look forward to talking with them in the coming days about MIPIM in June.

“We will be communicating regularly with the MIPIM community to provide details of MIPIM in June.”

Prior to Reed MIDEM’s announcement over the weekend, PGIM Real Estate and JLL had announced their decisions not to attend this year’s MIPIM event due to the ongoing spread of the coronavirus to ”protect the health and well-being of employees and clients”.

Latest figures coronavirus figures from Worldometers show coronavirus affecting 89,777 people in 70 countries and territories with 3,069 recorded deaths and 45,497 recoveries.

See updated figures here