Some 20,500 delegates from 93 countries, including 4,500 investors, gathered in Cannes for the MIPIM international real estate trade show.

Some 20,500 delegates from 93 countries, including 4,500 investors, gathered in Cannes for the MIPIM international real estate trade show.

The four-day event from 11 to 14 march featured exibitors' presentations, business meetings and high-level industry talks at the RE-Invest Summit, the MIPIM Innovation Forum and the sixth Mayors' Think Tank.

MIPIM organiser Reed Midem said in a news roundup on Friday that the event celebrated its 25th anniversary in Cannes against a backdrop of largely positive industry results for 2013 and signs that post-2008 distressed territories, particularly in Southern Europe, are coming back into favour with investors.

The traditional flurry of industry reports that are released during MIPIM highlighted that most markets are in strong recovery mode. JLL's Office Investment Market Review noted 2013 investment in European offices reached €70 bn, a 7% rise on 2012. JLL predicted that 2014 will see continued growth in office investment, driven by Southern Europe and Ireland, an increase in portfolio sales, an increase in capital raised by private real estate funds and a 20% rise in the delivery of new offices.

Global property advisor CBRE's European Capital Markets report confirmed that European countries that had been hardest hit by the 2008 economic downturn such as Italy, Spain, Portugal and Ireland, had bounced back more strongly than expected in 2013, with the total number of transactions in Ireland being three times higher in 2013 compared to 2012. International real estate advisor Savills predicts commercial real estate turnover will hit €3 billion in Ireland this year. Savills noted that retail investment volumes in Spain hit some €850 mln in 2013 - three times the 2012 level - with Madrid and Barcelona drawing particular interest. This was reflected in Cannes by constant traffic to the stands of both cities.

Click on the link below for the full official MIPIM News Show on YouTube