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Featured Video - MIPIM 2009 - Cannes Property Market

The world's largest property market MIPIM took place in Cannes March 10-13. With the crash in the property market at the centre of the global credit crunch, attendance was down by one third this year. However it was billed as one of the most important MIPIM ever as global leaders in the property market met to size up their options for the future.

This video report looks at the property market from both a local and a global perspective. We hear from Peter Rhodes, Managing Director of Reed MIDEM, organisers of MIPIM; Peter de Soissons, Sales Director of Reed MIDEM's UK Property Division; Local Estate Agent Chrtistine Davis, Proprietor of the Chrisma Agency in Port de la Rague; Boris Johnson, Mayor of London and MIPIM attendees.

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News from MIPIM '10

Lloyds and RBS 'open business' to property industry at MIPIM telegraph.co.uk 21 Mar 10 Last Week at the annual Mipim property conference in Cannes key meetings were being held in hillside villas and hotels away from the limelight of the Palais des Festivals and La Croisette of the French Riviera town. The hosts? The two UK banks with the potential ability to pull the strings of the market. Lloyds Banking Group and Royal Bank of Scotland were using their hillside retreats to stress to clients and key agents that they were effectively "open for business" for new property lending and opportunities. Wags joked that the last few years have been like a horror story for the property industry, that the banks had become real-life incarnations of "The Hills have Eyes". However those attending the meetings returned to the hub of the conference with optimism, a stack of business cards and stories that Diana Brightmore-Armour, Lloyds' leading lady of corporate lending, was hosting a top-level dinner for some of the bank's biggest clients. Graham Ruddick.

MIPIM marks the end of the mini-boom Property Week 19 Mar 10 The big talking points at MIPIM this week were: European Hotspots - Paris: investor demand is growing but yields are yet toProperty Week 19 Mar 10 The big talking points at MIPIM this week were: European Hotspots - Paris: investor demand is growing but yields are yet to fall; Poland: surprised everyone with its resilience, until people appreciate its size. European dogs ; Germany: investment activity fell from €60bn in 2007 to €12bn in 2009. Russia: a complete property disaster. Ireland looks after its own. There is speculation that its asset protection agency, NAMA, will offload billions in UK property by the end of the year, while holding real estate in Ireland in an attempt to shore up prices. Our bet is that MIPIM marked the end of the mini-boom, as property pauses for breath until the autumn, at least. Giles Barrie.

The first model of Nice's new eco-valley unveiled at MIPIM Nice Matin 17 Mar 10 An ambitious project to reshape the Var plain took shape at MIPIM in Cannes. Until now just a concept, Nice’s eco-Valley is gradually taking shape. Its originator, the Industry Minister and Mayor of Nice, Christian Estrosi, unveiled Tues, the first model of this ambitious project of sustainable development. After opening the MIPIM market for real estate professionals, Estrosi said the new eco-development project would not be in competition with Sophia-Antipolis. The area will be a laboratory environment, creating another way to live, work and travel for 120,000 people based around a new transportation hub. Jean-Paul Fronzes.

Mipim 2010 property show is more than just fun in the sun timesonline.co.uk 17 Mar 10 The sun is shining, the yachts are docked and the wine is flowing, but there is a nervousness among the world’s property elite at this year’s Mipim shindig in Cannes. They can’t quite believe that the recovery will last. Business in London has been pretty buoyant in the past few weeks and, with the banks ready to offload some large, attractive properties, life looks a little bit sweeter for the commission-dependent. Rebecca O’Connor.

Austerity set to reign at annual Cannes real estate jamboree FT.com 16 Mar 10 Mipim, this week's famously excessive annual property jamboree in the south of France, is set to be the quietest for some time for those from the UK property market. For most boarding planes, trains and automobiles for the annual pilgrimage to Cannes, the traditional extravagance of the Riviera will turn to economy as expenses are restrained and diaries overloaded. Even if property values in parts of the market are recovering to pre-boom levels, confidence in the future is not there yet if numbers of attendees are any guide. Although the organisers say that the 18,000 or so official delegates will only be slightly fewer than last year - which was noticeably quiet - there are a number of well-known absences. Dan Thomas.

Expect pantomime and poker-faces at MIPIM 2010 Forexyard.com 15 Mar 10 The biggest names in European property descend on the French Riviera this week for an industry gathering that promises to lay bare just how far the stricken asset class has travelled on the road to recovery. The annual pilgrimage to MIPIM (Marche International des Professionnels de l'immobilier) in Cannes is one that few cash-strapped real estate investors can afford this year, but even fewer can afford to miss. After more than two years of freefalling property prices, investors, developers and brokers are back hunting for deals and are primed to deploy an arsenal of expensive props to mask the battle scars that could spook potential new business. Lingering issues such as debt, European economic health, and the possibility of a double-dip recession remain, however. Sinead Cruise / Reuters.

MIPIM 2010: In uncertain times, property leaders toast to the future bridgingandcommercial.co.uk 11 Mar 10 As debate on the state of the property market recovery rages on, industry insiders are gearing up to attend the prestigious 4 day MIPIM show in Cannes next week. The show attracts leaders from across the field, who meet in glamorous Mediterranean surroundings to “collaborate on real-estate solutions to meet the diverse demands of the international market”, according to the event’s press release. In 2009, there were 17,658 real estate professionals, 1,871 exhibiting companies, 3,575 investors and 350 corporate end-users in attendance at the show. In the midst of real estate meltdown, participants were reminded to ‘stay calm’ and ‘don’t panic,’ as they shuttled between casinos and yachts.

Big Projects Back at MIPIM 2010 NewsBlaze.com 17 Feb 10 MIPIM 2010 is set to welcome a host of new real estate projects as the international property market emerges from the global financial downturn. Delegates to MIPIM 2010 will discover a complete range of city redevelopments, refurbishment projects and new buildings. And four of the most ambitious developments that will be presented come from South Korea, Egypt and Nigeria. Reed MIDEM Press Release.

MIPIM Conferences Welcome Eclectic Speaker Line-Up PR Newswire 17 Feb 10 Poland's Undersecretary of State in the Ministry of Economy, the Mayor of Stockholm, the Executive Director of the United Nations Human Settlements Programme UN-HABITAT and the CEO of the Islamic Corporation for the Development of the Private Sector, are among the personalities who will be taking the floor during the MIPIM 2010 conference programme. Reed MIDEM Press Release.

MIPIM Investor Registrations Up 12% Over 2009 GlobeSt.com 12 Feb 10 The first major European real estate trade fair of the year, MIPIM taking place in Cannes in early March, has received 12% more international investor registrations than in 2009 which, it says, points to improved confidence in the real estate market. Some 2,300 international investors have registered for the 21st edition of MIPIM on 16-19 March. Allan Saunderson.

News from MIPIM '09

Kranhaus 1

THE MIPIM AWARDS WINNERS 2009 Construction & Maintenance 13 Mar 09

Reed MIDEM, organiser of the MIPIM international property conference and exhibition, announces the winners of the 2009 MIPIM Awards, which took place March 12 in Cannes, France. Pictured; The SPECIAL AWARD OF THE JURY (Right): Highbury Square, London, UK. Architect: Allies and Morrison Architects. In the category BUSINESS CENTRES (Left): Kranhaus1, Cologne, Germany. Architect: Bothe Richter Teherani Architects BDA, Hamburg / Linster Architects, Trier-Aachen-Luxemburg. Developer: Development Partner AG.

MIPIM 2009 Special Award of the Jury

Sir Norman Foster reveals what inspired the design for his 90-storey towers at La Defense in Paris. Officially known as Hermitage Plaza, the 90-storey plus towers will front onto the Seine and will dominate the Paris skyline. Video posted on YouTube by AlexBuilding, the web editor of Building.co.uk working in London. Reporter: Olivia Boyd at MIPIM in Cannes.

Video Fly-through: Foster's 90-storey twin towers in Paris Building.co.uk 12 Mar 09 The Hermitage Plaza overlooking the Seine comprises 63 floors of apartments and levels of office space.

Foster & Partners plans La Défence tower project Building Design 11 Mar 09 Norman Foster this week unveiled plans for the tallest mixed-use building in Western Europe, located in the La Défense business area of Paris. Foster personally revealed plans for the Hermitage Plaza at Mipim on Wednesday. Ruth Bloomfield.

MIPIM 09 News Archive

MIPIM 09 Blogs & Features

A calm and collected MIPIM finally leaves Disneyland Property Week.com 20 Mar 09 MIPIM felt calmer and more professional than it has done for years – fewer models of both kinds and less champagne. There were far fewer people – officially 18,000 delegates compared with 27,000 last year. Peter Freeman.

Experts warn of ‘paranoia’ about occupiers Property Week.com 20 Mar 09 Fears of corporate occupier distress across Europe will deter investors from buying assets in 2009, a panel of industry experts warned last week at the MIPIM conference in Cannes.

More work, less sunbathing at annual Cannes bash FT.com 16 Mar 09 Whether attendees were down 10,000 or 20,000 is irrelevant, as the fewer that went were there to work, rather than drink and sunbathe. This was welcomed by the dealmakers in Cannes as the industry began the task of rebuilding itself from a brutally hard few months of steepening price drops and emergency cash raisings. Daniel Thomas.

Real Estate Eyes Future at MIPIM Construction & Maintenance 13 Mar 09 Some 18, 000 delegates, spanning all sectors of the global real estate industry and representing 80 countries, leave Cannes today saying that MIPIM confirmed their belief that €15 trillion international property industry remains a solid long-term investment asset and that the industry is getting back to basics.

Councils walk tall in recession-worn Cannes PropertyWeek.com 13 Mar 09 The sombre mood at mipim this week reflected the fact that numbers were more than 10,000 down on last year’s peak. All the gains in capital values since those optimistic days – and more – have been wiped out and the only people out in force were the public sector. Giles Barrie.

Russian to the slopes Building Design 13 Mar 09 Wilkinson Eyre unveiled a 300,000sq m ski jump and winter sports complex for the Russian city of Nizhny Novgorod at Mipim on Wednesday.

MIPIM 2009: Snyder rails against 'protectionism' PropertyWeek.com 12 Mar 09 City of London grandee Sir Michael Snyder today told a MIPIM audience that the world must not 'retreat into protectionism'. Deidre Hipwell.

Sochi 2014 Promotes Investment At Real Estate Conference GamesBids.com 12 Mar 09 Sochi projects, including its Olympic facilities' projects, are on view at the display stand of the Krasnodar Territory in the Azure Pavilion at the 20th international market of real estate professionals and investors (MIPIM-2009) in Cannes France, which opened Tuesday. Russia's delegation is headed by Dmitry Kozak, Russia's Deputy Prime Minister. GB Staff.

MIPIM 2009: Western Europe going into deep recession says King Sturge PropertyWeek.com 11 Mar 09 Western Europe is going into a recession that may be deeper & longer than anticipated, according to King Sturge. In a report released at MIPIM today it said the 'credit-fuelled illusion is over with a vengeance and Central & Eastern Europe will follow with a mixed outcome – some suffering worse than Western Europe'. Deidre Hipwell.

European real estate, but not as we know it SNL.com 10 Mar 09 European real estate markets will bounce back eventually but it will be a multispeed Europe, say some of the sharpest minds in European property investment. At the MIPIM property conference in Cannes on the French Riviera, a panel of experts on March 10 said it was likely to be "back to basics" in the future as real estate investors stick with quality and shun anything that is less than prime for years to come. William Kemble-Diaz.

Recession, credit woes rock European property mkt Reuters 10 Mar 09 Commercial property values are expected to come under massive pressure across Europe this year, with some cities in France and Spain seeing further corrections of as much as 40 percent said researchers at MIPIM.

MIPIM 2009: Savills names biggest property lenders PropertyWeek.com 10 Mar 09 Just two UK banks make up the top 12 list of property lenders, according to Savills. Deidre Hipwell.

MIPIM 2009: London to pick up before Paris PropertyWeek.com 10 Mar 09 Property transaction activity in London will pick up ahead of Paris, according to one of France's leading property developers, as investment values and rents plummet. Mark Shepherd.

MIPIM 2009: Grand Design's Kevin McCloud to open Northamptonshire event at MIPIM PropertyWeek.com 10 Mar 09 TV personality and designer Kevin McCloud is to back Northamptonshire's plans to become a national research and development hub for sustainable construction. Deidre Hipwell.

Taxpayer-backed bankers head off for a Riviera jolly Evening Standard 9 Mar 09 Private bank Coutts sparked outrage today by sending staff to a property jamboree in Cannes despite a multi-billion-pound taxpayer rescue of its owner Royal Bank of Scotland. Coutts, the Queen's banker, said six staff were heading to Mipim on the Riviera to host a cocktail reception for clients this week.

MIPIM 2009: Brum developer plans £125m tower Property Week 9 Mar 09 Midlands developer Regal Property Group has unveiled plans for one of Birmingham’s largest towers, which it plans to build on Broad Street in the city. Jennifer Rigby.

Property party in Cannes adopts a more sober mood Financial Times 8 Mar 09 The forecast is for sunshine at the annual property jamboree in Cannes this week, but there will be a more gloomy outlook among the reduced numbers of real estate executives attending the usually lavish parties in the hotels and yachts. Daniel Thomas.

Not so sweet: Candy brothers ready for scaled-back Cannes Independent on Sunday 8 Mar 09 Property entrepreneurs the Candy brothers will once again be taking their lavish yacht Candyscape to the Mipim real estate conference in Cannes this week. However, Candyscape will not be playing host to a huge party, as it did last year. Mark Leftly.

MIPIM 2009: Conference organisers predict ‘sober’ event Private Equity Real Estate 6 Mar 09 Peter Rhodes, managing director at Reed MIDEM UK says there will be fewer parties at the world’s largest property event as firms send fewer junior executives and the number of non-paying visitors decline. Jonathan Brasse.

MIPIM: So many big names, so little time... The Architects Journal 6 Mar 09 This year’s MIPIM will witness its first Pecha Kucha – the frenzied ‘show and tell’ fun-fest made popular in Japan. The profession’s good and the great, including the likes of Ken Shuttleworth, Sunand Prasad and Tom Bloxham will get just six minutes and 40 seconds to showcase 20 slideshow images as part of a continous stream of super-quick mini-lectures at Cannes’ Hotel Majestic. Richard Waite.

Cut Costs, not corners Property Week 6 Mar 09 MIPIM this year will be a less flamboyant affair than usual. The organiser expects the dearth of parties to force people who go to Cannes without signing up as delegates back into the Palais to do business. Susan Freeman.

Recession hits Mipim attendance Building Design 5 Mar 09 The number of delegates heading to Mipim this year has plummeted by more than a third as architects, public bodies, agents and developers slash their representation at the world’s largest property fair. Will Henley.

Most important' MIPIM starts next week Property Week 4 Mar 09 With the €15 trillion international property industry feeling the effects of the on-going global economic downturn, one of the key questions is whether real estate remains high on the investment sector’s priorities?

Crunch takes fizz out of property jamboree Evening Standard 3 Mar 09 The once-mighty Mipim international property trade fair in Cannes next week will see nearly 10,000 fewer people attending than last year as the economic crisis keeps delegates from London and around the world at home. Hugo Duncan.

Nizhny Novgorod region to present 4 realty projects in Cannes Novosti 2 Mar 09 Central Russia's Nizhny Novgorod Region will present four large investment projects at the Cannes 20th commercial property fair, the regional governor said on Monday.

MIPIM Conferences Offer Crisis Solutions Construction and Maintainence 25 Feb 09 What are the major trends in the fast-changing real estate markets? Are some territories less affected by the crisis than others? How can businesses find the right partners? When will things get back to normal?

Recession hits the Cannes gathering Telegraph.co.uk 14 Feb 09 With just three weeks to go before the property industry decamps for its annual sojourn in the South of France I hear that some companies' plans for the week may have sprung a leak. Dashwood, edited by Jonathan Russell.

Official MIPIM 2009 Blog

MIPIM blog 6: Less is more TheLawyer.com 16 Mar 09 Arriving at Cannes at first nothing really looked different from any other year - the expanses of additional tented exhibition space, the hoardings bearing the names of various agents and banks adorning the front of various hotels and the sun glinting off the boats bobbing along the Jette Albert Eduoard. Then you notice it. Rhodri Pazzi-Axworthy, real estate partner, Nabarro.

Sean Griffiths MIPIM 2009: Ending Mipim with a Splash Building Design 16 Mar 09 Final day at Mipim was all about Urban Splash’s Tom Bloxham’s barbeque at his amazing space-age house high up in the hills between Cannes and Nice.

Sean Griffiths Mipim 2009: Those crazy Russians Building Design 13 Mar 09 Yesterday I spent a good portion of the day showing various people my favourite stand, which can be found in the Russian Federation tent. In the notable absence of the usual hyper models of hyper developments that are normally the staple diet of the stands hosted by the Gulf states, the Russians have won this year's megalomania and crazy model competition hands down.

Susan Freeman's MIPIM 2009 Blog - Friday 'The MIPIM gods have been kind – the rain held off until today, the final day of MIPIM and Cannes is looking drably wet with a distinct after the party feel to it'.

Sean Griffiths Mipim 2009: Four legs good, four wheels bad Building Design 13 Mar 09 The most noticeable effects of “challenging times” are the lack of parties, people leaving early, and the fact that I’m having to buy my own lunches. These are tough times indeed.

MIPIM blog 5: The tragedy of the French waiters The Lawyer.com 12 Mar 09 Wednesday and Thursday are traditionally the busiest time at MIPIM, so what did Wednesday bring? Possibly a few more people, but it is quite apparent that the crowds of last year are not holding back to make a dramatic late appearance. Graham Prentice, real estate partner, Dewey & LeBoeuf.

MIPIM blog 4: The Yachts The Lawyer.com 12 Mar 09 What do Liverpool, Manchester and Nottingham have in common? The only English cities to have provided European Cup winning teams? No, this year they share the distinction of having a boat at Cannes for MIPIM. Do they think their council tax payers won’t find out? (They know now..) Graham Prentice, real estate partner, Dewey & LeBoeuf.

Susan Freeman's MIPIM Blog - Day Three PropertyWeek.com 12 Mar 09 Now well into day three, there seems to be a general consensus that smaller is better as far as MIPIM is concerned.

MIPIM blog 3: Champagne and freebies The Lawyer.com 11 Mar 09 Clear blue skies, sun, light breezes, lapping waves – sometimes it’s difficult to remember that there is a real world out there with storm clouds gathering. If this can’t put people in the mood to do deals, nothing can, but the unfortunate reality is that it will take more than the Cannes sunshine to make the banks lend and investors put their hands in their pockets. Graham Prentice, real estate partner, Dewey & LeBoeuf.

MIPIM blog 2: A thought from Boris The Lawyer.com 11 Mar 09 The London pavilion was packed this afternoon, probably because Boris Johnson made an appearance. According to Boris, MIPIM stands for May I Push you Into the Mediterranean. Graham Prentice, real estate partner, Dewey & LeBoeuf.

MIPIM blog 1: On the way to Cannes The Lawyer.com 11 Mar 09 My inbox has been bombarded over recent months with offers of cheap travel and accommodation. Last autumn you couldn’t even get on a waiting list for Heathrow flights, let alone economy class. Graham Prentice, real estate partner, Dewey & LeBoeuf.

MIPIM 2009 Blog PropertyWeek.com 10 Mar 09 'MIPIM has started on a roll!' says Susan Freeman

MIPIM Boris News

London Mayor Boris Johnson

London Mayor offers companies one year free rent Times Online 11 Mar 09 Speaking at Mipim, the European property industry’s annual conference in Cannes, Mr Johnson attempted to lure new businesses to London with a range of incentives, including up to 12 months of free office space and the use of a dedicated adviser to help companies to establish an operation in the capital. Catherine Boyle.

Boris Johnson's Facebook Page with MIPIM stuff

Boris at MIPIM Twitter pic

Yes we Cannes: Boris leads cheers of Riviera bravado PropertyWeek.com 13 Mar 09 Numbers were down, depression was in the air and the euro prices were astronomical but, hey, Boris Johnson popped down to MIPIM to cheer everyone up.

Video Boris bashed over ‘pocket money’ for Great Spaces Building Design 11 Mar 09 London mayor Boris Johnson faced ridicule this week after unveiling a public realm strategy for the capital funded with what critics described as “pocket money." Will Hurst.

Mipim round-up: day one Daily Telegraph 11 Mar 09 Boris Johnson, the Mayor of London, unveiled plans to attract foreign businesses to the UK capital by offering them a year of free office space. Mr Johnson, speaking at the international property conference Mipim in Cannes, said companies moving to London will also be provided with advisors to help set up business opportunities and connections. Graham Ruddick.

MIPIM 2009: Boris Johnson and Think London to attract overseas investors PropertyWeek.com 11 Mar 09 Boris Johnson and Think London have outlined a range of measures to attract foreign investors to London. Deirdre Hipwell.

Boris bashed over ‘pocket money’ for Great Spaces

Building Design 11 Mar 09

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