Saturday, February 24, 2024

Mipim 2023: What to Expect in Critical Year for Real Estate on International Stage

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Mipim, the world’s largest real estate conference, gets under way in Cannes this week (Tuesday 14 March) expecting 23,000 delegates, and there has perhaps never been more at stake for countries talking to the international investment community.

Delegates will be looking once again for the conference to bring some clarity to what the industry should be looking out for in the year ahead.

CoStar News will, as always, be there in force covering the breaking news, presentations and trends as well as interviewing key participants. So what should delegates and readers be preparing for?

Lord Dominic Johnson CBE, minister for investment in the Department for Business and Trade, will lead a UK delegation looking to attract foreign direct investment into the UK’s major cities and placemaking schemes. Arguably it has never been more critical to get the message across to an international audience given continued wariness around the UK’s place in the world after Brexit, the pandemic and the mini Budget.

Johnson will be joined by a number of UK cities and regions exhibiting including London, Liverpool, Manchester, Belfast, Cardiff Capital Region, Newcastle, West Midlands Combined Authority, West of England and Central South UK, which includes Portsmouth and Southampton.

West Midlands Combined Authority is made up of 17 local councils and three local enterprise partnerships, including the cities of Birmingham, Coventry and Wolverhampton. The Manchester Partnership will promote the 10 Greater Manchester councils, including Manchester City Council, Stockport and Salford City. The London stand will have representatives from the Greater London Authority, City of London and London boroughs.

Johnson is making no bones about the importance of telling the UK story well. He said in a statement: “We are determined to be Europe’s undisputed number one investment destination and, having reached new heights of £2 trillion in inward investment stock, the UK’s investment environment continues to go from strength to strength.

“Encouraging further investment, especially across infrastructure and property, is a priority for the government and is crucial for our levelling up agenda. I greatly look forward to meeting the investors that are building a brighter, better future for the UK.”

Rohan Marwaha, UK managing director at organiser RX, says it will be another important year for UK cities as they seek to attract vital capital inflows to support major housebuilding, infrastructure and regeneration projects.

“We have a huge amount of interest globally in Mipim 2023, and there has arguably never been a more important time to promote the UK as a destination for international investment. Mipim is an unparalleled platform to achieve that.”

As CoStar News first reported last month, more than 23,000 people are expectd to attend, a 15% increase on last year, with delegates from more than 90 nations and 2,400 exhibiting businesses. This has been driven by an increase in visitors from UK, France and Germany, as well as an increased global presence, with delegations from the US, Canada, Brazil, Japan and countries from across the Middle East.

Seventy-six of the world’s top 100 investment managers, advising on €4 trillion of assets, will also be in town.

Senior politicians and city leaders are regular attendees and there wil be two top-ranking ministers from France, Christophe Béchu, who is minister for ecological transition and cohesion of the territories, and Olivier Klein, minister delegate for cities and housing.

Among the eye-catching speakers is Amanda Staveley, the British businesswoman who had a key role in the Saudi Arabian buyout of Newcastle United recently. She will be talking about the role of sport investment in real estate development. Staveley has strong Middle Eastern connections and was involved with the purchase of Manchester City and a large investment in Barclays Bank.

The keynote speaker opening the event will be Professor Jeremy Rifkin.

Rifkin, an American economic and social theorist and author of 20 bestselling books, will address the importance of innovation moving the built environment towards a more sustainable model. Having advised companies on renewable energy, electricity transmission, advanced manufacturing and economic modelling, Rifkin will address the main theme of MIPIM 2023, “Better Places – Greater Impact – Stronger Business”. Professor Rifkin is best known for his influential work on the third industrial revolution, for which he is an adviser to the EU.

Other prominent speakers and investors include:

  • Belit Onay, mayor of Hanover
  • Bradley Weismiller, managing partner, Real Estate Capital Markets
  • Cristina Gamboa, CEO, World Green Building Council
  • Henning Koch, CEO, Commerz Real
  • Isabelle Scemama, global head of AXA IM Alts
  • Juhana Vartiainen, mayor of Helsinki
  • Julie Manning, global head of climate and carbon strategy, LaSalle IM
  • Kanji Matsushita, General manager, Takenaka Corporation
  • Karin Sheppard, senior vice-president and managing director Europe, IHG
  • Kwasi Benneh, managing director, Morgan Stanley
  • Michael Lascher, senior managing director, Blackstone
  • Michelle Cecchini, head of public health, OECD
  • Piotr Uściński – secretary of state, Ministry of Economic Development and Technology, Poland
  • Remigijus Šimašius, mayor of Vilnius
  • Rui Moreira, mayor of Porto
  • Seita Kisanuki, group manager, Sumitomo Forestry
  • Stephanie Hyde, chief executive, JLL UK
  • Steve Rotheram, mayor of Liverpool.

CoStar News will be at Mipim covering all of the action via our news and film coverage. Our sister titles France’s Business Immo and Germany’s Thomas Daily News will also be covering the event.

To share a Mipim story, email pnorman@costar.co.uk.

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