{"id":1004139879,"date":"2016-03-22T01:45:32","date_gmt":"2016-03-22T09:45:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139879"},"modified":"2020-05-14T05:16:18","modified_gmt":"2020-05-14T13:16:18","slug":"mipim-2016-round-up-part-i-housing-the-world","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mipim-2016-round-up-part-i-housing-the-world\/","title":{"rendered":"MIPIM 2016 Round-Up, Part I: \u201cHousing the World\u201d"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

\"MIPIM<\/a>

MIPIM 2016, Cannes, France<\/p><\/div>\n

New York<\/strong>\u2014The 27th annual MIPIM<\/a>, which convened in Cannes, France, for four days last week, reportedly brought together the largest-ever gathering of international investors (more than 4,800), along with developers, end-users, architects, hotel groups, public authorities and other CRE players. The total attendance of 23,5000, from about 90 nations, was 10 percent higher than last year.<\/p>\n

One trend, according to the organizers, was that many cities joined marketing forces at MIPIM (Le March\u00e9 International des Professionnels de l\u2019Immobilier) to attract investors. For the first time at MIPIM, all of the Ile-de-France exhibitors in the Paris Region pavilion were focused around a single project, rather than individual, largely unrelated schemes. That project is the Grand Paris Express, a massive, four-line expansion of the city\u2019s Metro system that will open in phases between 2020 and 2030.<\/p>\n

The same was true outside Cannes\u2019 Palais des Festivals et des Congr\u00e8s, too. In the United Kingdom, cities reportedly teaming up to promote themselves is rapidly becoming the norm, the Northern Powerhouse of Manchester, Liverpool, Leeds, Sheffield and Newcastle being one example, and the Midlands Engine, an alliance of 11 Local Enterprise Partnerships in the greater Birmingham region being another.<\/p>\n

There were also new and more active players at MIPIM. St. Petersburg, Russia, and Dubai-based developer Nakheel had major new pavilions; Turkey sent its largest delegation ever, of 250 companies and cities; and Chinese mega-developer Dalian Wanda made its first appearance at MIPIM.<\/p>\n

HOUSING FOCUS<\/p>\n

The central theme of MIPIM 2016 was \u201cHousing the World.\u201d And given U.N. data that more than 50 percent of the world\u2019s population now lives in cities and that annual urban growth is at 1.8 percent, it seemed highly appropriate.<\/p>\n

\u201cThe yield environment has been typically low for the residential sector, but at the moment it looks reasonably attractive,\u201d Mahdi Mokrane, LaSalle Investment Management\u2019s head of European research and strategy, told one session. \u201cIn Germany, there are perhaps 10 to 12 cities which we believe will really benefit from growth, even though nationally the population is in decline.\u201d<\/p>\n

\u201cWe like the Netherlands for different reasons,\u201d he added, and also London, Manchester, Birmingham and Leeds in the United Kingdom.<\/p>\n

Though the residential market in France is stable, Silvio Estienne, general manager at Patrizia Immobilien AG France, told a panel, he also expressed concern about the \u201csqueezed middle class,\u201d who have neither access to affordable housing nor the incomes to buy their own properties.<\/p>\n

In a different session, Ingvar Sejr Hansen, Copenhagen\u2019s head of planning, described the challenges his city faced after it lost more than half of its population to the suburbs and rural areas in the 1980’s. Today, he said, the goal is to rebuild Copenhagen\u2019s population to 750,000 by 2027, which will require 45,000 new houses, 20 percent of them affordable.<\/p>\n

Richard Fagg, London and South East director with Bouygues Development, commented on London\u2019s rather larger challenge: \u201cThey have to build 45,000 houses in 10 years. We have to build 50,000 a year.\u201d<\/p>\n

A later, Canada-centric panel discussed how contemporary ways of living and working are redefining living spaces. \u201cYou can\u2019t spend too much time getting to and from work,\u201d said John Forrester, chief executive EMEA at Cushman & Wakefield. \u201cCurrent and future generations aren\u2019t going to stand for that.\u201d<\/p>\n

\u201cDowntown is the place to be right now,\u201d said Arthur Lloyd, executive vice president, office, North America, at Ivanho\u00e9 Cambridge. \u201cThe modern worker expects things to be brought to them, not the other way around\u2026. We\u2019re also going to see much more multifunctional space in offices and dwellings, and much smaller unit space sizes.\u201d<\/p>\n

The next installment<\/a> of Commercial Property Executive<\/a>\u2019s MIPIM coverage will look at the conference\u2019s sessions on funding and capital flow.<\/p>\n

Image courtesy of the MIPIM official Facebook page<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This year’s MIPIM international real estate show focused on the challenges present in the global housing market.<\/p>\n","protected":false},"author":882,"featured_media":1004139880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,16,21783,23891,21742],"tags":[],"class_list":["post-1004139879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-international","category-investment","category-national","category-latest"],"acf":[],"yoast_head":"\nMIPIM 2016 Round-Up, Part I: \u201cHousing the World\u201d - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mipim-2016-round-up-part-i-housing-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIPIM 2016 Round-Up, Part I: \u201cHousing the World\u201d\" \/>\n<meta property=\"og:description\" content=\"This year's MIPIM international real estate show focused on the challenges present in the global housing market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mipim-2016-round-up-part-i-housing-the-world\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-22T09:45:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T13:16:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/10644431_1084227354975299_2919590170418422745_o.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"729\" \/>\n\t<meta property=\"og:image:height\" content=\"501\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mipim-2016-round-up-part-i-housing-the-world\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mipim-2016-round-up-part-i-housing-the-world\/\",\"name\":\"MIPIM 2016 Round-Up, Part I: \u201cHousing the World\u201d - 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