The 22nd edition of MIPIM held in Cannes this week welcomed over 18,400 delegates, an increase of 7% year-on-year. The organisers claim that nearly 4,000 of the delegates were investors, marking a rise of 6% on last year's attendance.
The 22nd edition of MIPIM held in Cannes this week welcomed over 18,400 delegates, an increase of 7% year-on-year. The organisers claim that nearly 4,000 of the delegates were investors, marking a rise of 6% on last year's attendance.
'The underlying market stabilisation was evident at MIPIM 2011,' said MIPIM Director Filippo Rean 'What has been striking is that we have seen extremely ambitious projects being presented from a very diverse range of countries.'
Among the plans on show were development plans from London and Sao Paolo linked to holding the Olympic Games and the FIFA World Cup. Rwanda's Prime Minister, Bernard Makuza, led his country's first delegation to attend MIPIM to present international investors with the EUR 6.7 bn development programme for the capital Kigali and China's fourth largest city, Chongqing, made its debut appearance in Cannes to outline real estate possibilities linked to its programme to double in size by 2020.
Another project unveiled at MIPIM was the Baku White City development from Aberdjan which aims to regenerate the industrial Black City district of the country's capital. From Russia, the Northern Caucasus Resorts Company's General Director, Alexey Nevskiy, lifted the curtain on the world's largest skiing development involving five separate resorts and an investment in excess of EUR 10 bn.
Turkish developer Zorlu Property, host of the MIPIM Opening Night Party, actively promoted two major projects, the mixed-use Zorlu Centre and the Zorlu Levent office project, both based in Istanbul. Already EUR 1.7 bn has been invested in the Zorlu Centre, including EUR 214 mln in the performing arts facilities.
London mayor Boris Johnson chose MIPIM to announce that developers now have the opportunity to create one of several new neighbourhoods in the Queen Elizabeth Olympic Park. Starting next month, developers can bid to build up to 800 homes situated between the VeloPark and the Olympic Village. The neighbourhood will be developed as of 2013. 'My message to investors looking for long-term rewards is that this is just one of a myriad of similar opportunities that will arise in our great city,' he enthused.
MIPIM 2012 will take place in Cannes from 6-9 March.
