Estates Gazette rounds up the news, features, videos and analysis from MIPIM 2016
15-18 March – Palais des Festivals, Cannes, France
MIPIM 2016: it’s a wrap
With a thud, 24,000 MIPIM delegates have landed back at their desks, marking the end of another year of one of the biggest property gatherings in the world.
Business cards will be pored over, new information will be analysed and deals begun will be closed as the industry seeks to capitalise on their efforts during the event in Cannes on 15-17 March.
Star turns at the conference from ex-footballers Rio Ferdinand, Mark Noble and Bobby Zamora demonstrated how the industry transcends the core group of professionals who work in it.
And while the clouds of Cannes at times got heavy, the charitable nature of MIPIM was clear. The BNP Paribas Tennis Classic raised close to £20,000 for LandAid and the annual Legal & General Cycle to MIPIM raised £350,000 for principal charity Coram and others.
MIPIM debates
The appetite from investors for the UK’s core cities is as strong as ever. That was the message from Sir Michael Bear, chairman of UKTI Regeneration Investment Organisation
Life on Mars, “peak furniture” and technology-free gardens were all discussed in response to the Estates Gazette’s debate: How close are we to creating the ultimate future city?
Start-ups are disrupting the London office market and part of the industry is “asleep at the wheel”
When it comes to which global cities rule the world, most people probably have a list in mind
The UK rental market needs to learn from development in the US, rather than copy it, according to experts from the sector
Private Middle Eastern investors are starting to look beyond prime central London for better value, experts revealed at MIPIM
Brexit was the inevitable buzzword and seen as the greatest risk factor facing investors at an Estates Gazette panel discussion entitled “Identifying risks and reaping rewards in the current cycle” at MIPIM
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MIPIM: Global news
This government will deliver 1m homes by 2020 – including 200,000 starter homes. To do that, we need developers and major housebuilders to continue to build out
Watch all the news, views, flavour and fun from Cannes
Urban Splash chairman Tom Bloxham has explained why MIPIM is not only a “Massive International Piss-up in March”, but a serious networking event
Alternative real estate assets are now firmly ensconced in the mainstream, reflecting 25% of total European real estate investment activity in 2015, according to the latest analysis from Savills
Carter Jonas has formed a new strategic alliance with Dutch firm Van Gool Elburg
A technology platform which aims to simplify the delivery of goods to warehouses, shops and customers on a ‘one truck per street’ basis, has won MIPIM’s first start-up competition
The 26th MIPIM awards have been announced at a gala dinner at this year’s event in Cannes
The UK’s fledgling build to rent sector has plenty to learn from the more developed approach to multi-family housing in the US
Grey clouds failed to dampen spirits at today’s Land Aid Mipim Tennis Classic championship, now in its second year, as contestants battled it out for the title
While the skies at MIPIM may have been overcast this year, the charitable nature of the property industry was clear
More than £16,000 was raised at the LandAid’s MIPIM Tennis Classic 2016, with 28 property professionals competing in the event
Invesco has paid €358m (£281m) for a portfolio of Spanish retail assets operated by Erosk
“I don’t recall Cannes ever being quite so wet, windy and cold. The weather is important to MIPIM as it does require a sense of well being in order to promote optimum networking, especially as so much of the hospitality is at beach restaurants and on board boats,” Susan Freeman
A record amount of capital invested into real estate funds caused a dramatic cut in fund raising in 2015, according to Cushman & Wakefield
The UK build-to-rent market can learn lessons from the US but needs to find its own way and respond to the demands of the UK consumer, according to experts from the sector
Private Middle Eastern investors are starting to look beyond prime central London for better value, experts have revealed at MIPIM
The level of overseas investment into UK shopping centres increased by more than 200% last year to reach £864m
Nearly but not quite. Right up until doors opened, the British contingent at this year’s MIPIM was set to be the largest. But a late surge of domestic delegates saw the French emerge on top for the 27th of 27 MIPIMs. Does it matter? Symbolically, yes. And as we all know symbolism matters
Day one of MIPIM saw the biggest cross-border transaction complete, with 125 property professionals riding into Cannes as the annual cycle to Cannes 1,452km, six-day endurance event came to an end. Inside, business well and truly got under way at the London stand
A downpour of rain in Cannes appeared to be the appropriate backdrop for chancellor George Osborne’s budget as he announced a relatively gloomy forecast for the UK economy and increased taxes for large-scale property investors
Healthcare property will continue to be an attractive investment if innovation and new technology help to manage a global ageing population
Short-term uncertainty caused by Brexit is slowing the investment market but doing little to deter occupiers, according to British Property Federation vice-president David Sleath
P3 will not be sold or floated in the near future, according to the company’s chief executive Ian Worboys
It’s not all sun, sea and sailing as 20,000 delegates ready themselves for the hard work on shore in Cannes
With uncertainty hanging heavily in the air, there is a danger that ‘operation juddering climax’ could become ‘operation thundering halt’
Chinese investment into UK commercial real estate this year will exceed 2015 levels, according to Savills
French energy and services group ENGIE has been shortlisted to buy Bilfinger’s property businesses, including Bilfinger GVA
More mergers and acquisitions in the property advisory are “inevitable”, according to John Forrester, Cushman & Wakefield’s EMEA chief executive
European developers are 37% more likely to invest in alternative assets than they were this time last year, PwC and the Urban Land Institute revealed today at MIPIM
More than 125 riders made it safely to MIPIM in Cannes yesterday after leaving London on 10 March
Mike Sales, TH Real Estate’s co-global head, was in buoyant mood at Mipim, boosted by the launch of its new European cities fund as well as the recent performances of his beloved Crystal Palace football club
Hines Europe will diversify into emerging Europe in the coming year, the company has announced
Valad Europe is to phase out its name over the course of this year
The global ageing population will drive real estate transaction volumes to surpass $1tn (£704bn) globally by 2020, up from $700bn in 2015, according to a new report released today by JLL at MIPIM
Savills has revealed its top ten hotspots for investment in Europe: five sectors for risk-taking investors and five for those hunting for secure returns
Dubai’s biggest developer is targeting European investors with investment opportunities worth more than €1bn (£0.8bn) at MIPIM
Estates Gazette today launched a new website providing insight, research and need-to-know trends and influences on the global real estate market
There are hundreds, if not thousands of shanti towns, slums, townships, barrios, favelas, whatever you want to call them, around the world that house millions of people
Fresh blood dominates in the Estates Gazette Power List 2016 with 80% of this year’s ranking made up of new entries
Estates Gazette with Mishcon de Reya and U+I has launched a search for property’s best collaborator
Blackstone is to sell a US hotels business to Chinese insurer Anbang for $6.5bn (4.5bn)
China Overseas Land & Investment is to buy the Chinese residential assets of Citic for $4.8bn (£3.3bn)
TH Real Estate has launched a €3bn (£2.3bn)-€5bn European cities fund
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MIPIM: UK news
UK councils are sitting on almost £1bn of pledged investment from developers to build affordable housing, according to an Estates Gazette investigation
Manchester development NOMA is taking its role of creating a digital neighbourhood in the heart of the city seriously
Croydon Council has set up its own development company with the aim of delivering 9,500 homes on council-owned land by 2018
Manchester-based property company Nikal has secured funding for its major residential scheme Exchange Square, in Birmingham’s city centre
Housing and planning minister Brandon Lewis has challenged build-to-rent operators to come up with a unified view to present their requests to government
Plans for a third office building at Birmingham’s £400m Arena Central development have been unveiled
Some 625,000 sq ft of Manchester office space is to be refurbished over the next two years in response to healthy take-up, according to Savills
PwC has agreed a prelet to be the first tenant at Paradise Circus Limited Partnership’s £500m Paradise regeneration development in Birmingham
The Boots enterprise zone, one of the most significant regeneration zones in the East Midlands, is officially being launched at MIPIM
Westrock has launched a new management platform for its UK private rental portfolio
Birmingham has announced more detail about its £500m proposals for the regeneration of the city’s wholesale markets site, known as Smithfield
If you want real growth look to the regional cities is the message from Savills’ head of UK development
Central Manchester University Hospitals NHS Foundation Trust has created a 10-year strategic property partnership with Bruntwood
So far in 2016, total take-up of UK warehouse space has exceeded 5m sq ft, with a further 1.9m sq ft (176,515 sq m) under offer – a 85% increase on last year’s figure of 2.7m sq ft, according to Savills
M&G Real Estate is to fund the construction of Ballymore’s Three Snowhill, a 420,000 sq ft office development in Birmingham city centre
Greater Birmingham will launch a relocation service to cope with unprecedented investor demand at MIPIM on Thursday morning
There is genuine concern among Manchester’s property fraternity about a recession-induced talent gap
Manchester and Liverpool civic leaders have set out their priorities for the northern powerhouse to record delegations from both cities
The next London mayor must focus on a wider strategic vision for London and creating the infrastructure for growth, according to experts at MIPIM
Greater Birmingham has outlined its plans to build more than 45,000 homes across development sites as part of the Black Country Garden City
Belfast has a critical need for offices, according to the city council’s chief executive Suzanne Wylie
Peel Land and Property has today announced plans to deliver more than 30,000 homes across its Strategic Waters sites, which could have a total investment value of £4.5bn over the next 30 years
Former England captain Rio Ferdinand and Brandon Lewis, minister of state for housing and planning, are launching their affordable housing venture at MIPIM 2016
Complex Development Projects has unveiled plans to create a £20m Eco Riverside Business Park in Coventry, as part of wider proposals to create a major new heritage trail in the city
Small lots sizes, Scotland, high street retail outside of London and urban logistics will offer the best returns this year, according to the latest analysis from Savills
Regional developers looking for the quickest turnaround in planning permission should head to Renfrewshire, where it takes an average of 70.3 days
Team Lincolnshire, the public-private sector contingent led by the Greater Lincolnshire Local Enterprise Partnership (GLLEP) will unveil more than 700 acres of development land opportunities at this week’s MIPIM
There is “nowhere” co-working giant WeWork won’t go as it expands in London and overseas
The biggest cross-border transaction of the real estate calendar began this week as 125 property professionals set off on the annual cycle from London to MIPIM in Cannes
The Scottish Cities Alliance will be launching investment-ready opportunities worth £7.5bn at next week’s MIPIM
The biggest cross-border transaction of the real estate calendar began this morning as 125 property professionals set off on the annual cycle from London to MIPIM in Cannes
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MIPIM: Regional news
The new West Midlands Combined Authority is to create an investment fund to unlock difficult development sites
Brandon Lewis MP, Minister for Housing and Planning, will be launching the Northern Gateway Development Zone prospectus at MIPIM today with the aim of delivering 100,000 new homes and creating 120,000 new jobs
Midlands universities will be an integral part of ongoing city centre redevelopment, delegates at MIPIM heard today
The North West industrial market faces a severe shortage of grade-A stock by the end of 2016 despite the 2.2m sq ft of new space due to be delivered across 11 schemes this year
Major proposals have been unveiled at MIPIM today for a key development site in the UK Central regeneration area in the West Midlands, which will house the interchange station for the £55.7bn HS2 high-speed rail project
The Midlands contingent will unveil 33 investment opportunities, valued at a combined total of £14.4bn, in its new Midlands engine pitch book initiative at MIPIM in Cannes this week
The UK’s biggest ever ‘garden city’ will be built near Wolverhampton, in the heart of the Black Country, the region has announced today
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MIPIM: London news
‘No ball games’ said the signs on the estates where these Premiership footballers grew up. But with Aviva and Colliers onside, they want to turn that around
Richard Blakeway, London’s deputy mayor for housing, is set to move to Downing Street as a special adviser to the prime minister on housing
The number of residential towers being submitted across London has smashed through the 100 barrier for the first time
Croydon Council has set up its own development company with the aim of delivering 9,500 homes on council-owned land by 2018
Aviva Investors is funding the first regeneration development by former footballer Rio Ferdinand to create a sport-led, mixed-use development in Central Bedfordshire
Whitbread is to open a Premier Inn at Berkeley’s Royal Arsenal Riverside regeneration scheme, Woolwich, SE18
In an exclusive interview with Estates Gazette, Rob Tincknell, chief executive officer of Battersea Power Station, says that resale reports at the development are “somewhat embellished”
London’s West End is the most attractive retail destination in Europe and second to New York globally, but it could still be improved, according to a survey
A long list of six partners for a £2bn regeneration vehicle to transform north London’s Haringey was announced at MIPIM today
The GLA’s executive director for housing and land has questioned whether the housing and planning bill will help London deliver on its 50,000 homes-a-year target
London is the top retail destination in Europe and second in the world, according to The New West End Company’s 2016 Global Retail Destination Index, launched at MIPIM
London remains the most popular city in Europe for real estate investment, although on a country level Germany is now attracting the most attention, according to research by CBRE
Berkeley Homes and the Greater London Authority are joining forces to build one of the largest PRS schemes in London, as previously reported by Estates Gazette
Start-ups are disrupting the London office market and part of the industry is “asleep at the wheel”, PwC’s UK real estate leader Craig Hughes said at an Estates Gazette debate
Deputy mayor for planning Sir Edward Lister has launched new guidance for private rental developments in London
Whitbread has bought 191 Old Marylebone Road, NW1, to redevelop into its next hub by Premier Inn hotel
Some of London’s senior property professionals are already preparing for the next market downturn
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MIPIM: Cannes calling
“Central London needs outer London like it never needed outer London before. It’s all changing.” Stark words from Jo Negrini, executive director of Place, Croydon council, at the first session at the London stand at MIPIM on day one
Nine Elms is perhaps London’s most controversial major development site. Peter Bill, former Estates Gazette editor, recently called it an ‘urban disaster zone in the making‘, while others who you’d expect to be more critical, such as the Guardian’s Deborah Orr, have been surprising optimistic about its future…
At MIPIM, the London borough of Haringey has been “hot topic”. A seminar titled: Haringey – Regeneration Opportunities, has been looking at Wood Green, Tottenham & beyond as areas of potential growth
The Royal Docks is the subject of a MIPIM talk that took place in Cannes
MIPIM delegates are currently discussing the opportunities in a London > Stanstead > Cambridge corridor, and rightly so
MIPM today kicks off on the ides of March with a whole slew of presentations and discussions
This is the second discussion that our representatives in Cannes have been to with a panel that included Sir Merrick Cockell, Chairman of the Crossrail 2 Growth Commission
Delegates from EGI’s Research team are at MIPIM today where they attended the “Harrow – Why Harrow? Why Now?” conference
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2016 investor guides
Click on the cover to read the investor guide digital editions
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