When asked what is the world’s largest property and location promotion event, anyone who knows about the topic will say it’s MIPIM, or Marché International des Professionnels de l’Immobilier. This is a forum that brings together the most influential players from all international property sectors, as well as local and regional authorities who are looking for potential investors.
A growing number of Central and Eastern European businesses and investment promotion offices — this year numbering more than 1,500 delegates — will be in Cannes to discuss property investment opportunities. Emerging Europe is going too and after our TTIP in the Spotlight special report, we are following this with the launch of a special report on Emerging Europe at MIPIM 2016.
We will try to understand the new investment environment in Poland and CEE and we will examine whether the pictures of Poland and CEE that are painted in the international media are a true reflection of the situation. We’ll investigate to what extent the political situation is affecting investor confidence, and assess the macro long-term drivers that will lead to increased stability and prosperity in the CEE region.
It is important to understand if, or how, CEE markets can reduce risk and attract foreign investors to the region’s cities. The increasing volume of cross-border capital flows and a growing FDI, in the era of globalisation, means that there is a growing need to harmonise different practices and the move to accept worldwide standards, in all fields of the property sector, is gaining momentum. The highly competitive CEE markets and cities are well positioned to take advantage of this trend and to attract new foreign investors.
We have already spoken to some large real estate consultancy firms about the property investment highlights of 2016, and we have been told that Europe, and CEE in particular, offer great investment opportunities for the real estate market. We have also been told that investment in the Central and Eastern European property market is more stable than in Western Europe and the experts have also told us which segments of the sector are particularly interesting in each individual country.
The developer of Riga Powerhouse, and the winner of the MIPIM 2016 Open Stage Competition, has talked to us about that project and has also invited us to the panel discussion: “High Return on Creative Investment: Co-working 2.0”, We are looking forward to dropping by to find out more.
We will talk to the leading investors in Polish cities and ask them about their experiences. What makes a city investor-ready, especially now, when the competition between cities is increasing, both in a regional and a global context. What is the best route for developers and investors to take to work together with the leading cities? Can city hubs push Polish cities onto the global stage?
And finally, we will talk to Mayors of the cities of Lviv, Tallinn, Budapest, Ostrava, Warsaw, Kraków, Gdańsk, Łódź, Vilnius, Ljubljana and Minsk, about their foreign investment strategies and the key sectors that they would like to promote in their cities. We’ll also talk to the businesses that operate in the CEE region about their investment projects and future plans.
Emerging Europe is a platform for discussion, so join our debate about the CEE region’s investment potential.
(photo: courtesy of MIPIM)