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Real estate industry

MIPIM 2011: International Real Estate Community Meets in Cannes

Strategic Insights

— 1 min read

The 22nd edition of the MIPIM, held in Cannes from March 8-11, brought together major players in the real estate industry from around the world. The event saw an increase in participation, with over 18,400 delegates, including nearly 4,000 investors, attending the conference. The market reports released during the event confirmed a rebound in 2010, with prime product scarce in gateway locations. The event also saw a notable shift in investment preferences among European real estate investors, with Germany and Central and Eastern Europe emerging as the most attractive markets.

Key Takeaways:

  • The MIPIM 2011 saw an increase in participation, with over 18,400 delegates and nearly 4,000 investors attending the conference.
  • Market reports released during the event confirmed a rebound in 2010, with prime product scarce in gateway locations.
  • German and Central and Eastern Europe emerged as the most attractive markets for European real estate investors, with approximately one-third of investors intending to target acquisitions in Germany in 2011.
  • Asian investors are expected to diversify their investments beyond domestic markets to mitigate risk and secure higher returns.
  • Direct investment in commercial real estate is expected to rise by 30% in Europe compared to 2010.
  • The MIPIM Mayors' Think Tank roundtable discussions, attended by over 80 city mayors, focused on the trend of cities sharing experiences and best practices in developing sustainable urban strategies.
  • The event saw the participation of renowned economists, including Dr. Nouriel Roubini, who outlined the opportunities in emerging eastern markets as well as in Latin America and the Middle East.

Statistics:

  • Over 18,400 delegates attended the MIPIM 2011.
  • Nearly 4,000 investors participated in the conference.
  • Approximately one-third of EU investors intend to target acquisitions in Germany in 2011.
  • Nearly 30% of direct investment in commercial real estate is expected to rise in Europe compared to 2010.
  • Global investment is expected to increase by 5%-10% in 2011, reaching €485 billion.

Sources:

  • "MIPIM 2011", Reed Midem.
  • "MIPIM opens with a bang", MIPIM 2011 Press Kit.
  • "Asian investors to diversify outside region", MIPIM 2011, March 10.
  • "Direct Investment to Rise in Europe", Jones Lang LaSalle, March 10.
  • "The Real Estate Market Outlook", CitiGroup.
  • "MIPIM: International Real Estate Forum", VerticalNews.com.
  • "MIPIM 2012", Reed Midem.

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