Anticipazioni sul MIPIM di Cannes

A record 60 pension and sovereign wealth funds and over 4,300 international investors are set to attend MIPIM 2013, amid predictions that real estate will experience a recovery later this year. Organised by Reed MIDEM, MIPIM will take place in Cannes, France, March 12-15.
According to Thomas Beyerle, Managing Director & Head of CS & Research, IVG Immobilien AG: «The main message for 2013 is simple: the Euro will survive – the end of the crisis is to be expected this year for most of the real estate markets. Financial market confidence has improved significantly – later in 2013 a gradual recovery should start».
MIPIM Director Filippo Rean says that this year’s event is focussed on providing industry information, contacts and deal-making opportunities in order to prepare real estate executives for the short and mid-term future. «The main objective of MIPIM 2013, in view of the global economic situation, is to give all participants the best contacts and viewpoints from international experts so they can anticipate future developments»,  Rean noted.
Major international investors such as La Caisse des Dépôts, GIC RE International, Union Investment Real Estate, Aviva Investors, and Allianz Real Estate will access the 20,000m² of exhibition floor space hosting investment-seeking real estate projects from 80 countries. In addition, the MIPIM conference programme of over 70 sessions, offers a wide range of discussions on investment opportunities around the world including case studies covering China, Africa, Japan, Turkey, Brazil and Russia.
Among this year’s hot conference topics is the question of how the liquidity crisis is carving out a new landscape for real estate financing. As Pierre Vaquier, CEO of AXA Real Estate, says: «Appetite for core and core-plus assets continues to be extremely strong with a focus on greater joint ventures and club deals. However, I think in 2013 we will start to see more realism in the pricing of non-prime assets, leading to increased liquidity as investors start feeling more comfortable with the associated risks».
Two conferences will analyse this development in real estate financing: “Pooled funds at a cross roads ?” on 12 March at 5:30pm with the participation of Georg Allendorf, Head of RREEF Alternatives Germany, Austria and Switzerland, RREEF Management and “on 13 March at 2:30pm, with the participation of Andrew Smith, Global Head of Property, Aberdeen Asset Management.
On the same theme, MIPIM is hosting the second edition of RE-Invest, the institutional investors summit where over 30 of the most influential pension funds and sovereign wealth funds meet behind closed doors to debate the following theme: “Real estate strategies: Navigating through the uncertainty. Managing risks and opportunities against global economic headwinds” . 32 institutions from 21 countries have already confirmed their presence for this summit, including, for the first time, the sovereign wealth funds of Kazakhstan (Samruk-Kazyna), Azerbaijan (State Oil Fund), and Angola (Fundo Soberano) and the endowment fund of The University of Texas Investment as well as the pension funds : Canada Pension Plan Investment Board, Washington State Investment Board, Teacher Retirement of Texas and Progreso Panama. The summit is organised in partnership with IP Real Estate and KPMG.
Another major theme of the MIPIM conference programme is which regions are attracting most investor interest? MIPIM will provide a platform both for countries already targeted by investors, as well as for those offering new potential.
In Europe, for example, the English, French and German markets represent 80% of the European real estate investment market, with the French property sector attracting strong foreign interest. As Xavier Lépine, Chairman of the Management Board, La Française AM, commented: «In 2012, the French Investment market has – once again – proved very appealing to foreign investors. The market share of non-domestic buyers has actually reached approximately 50%, never seen since 2007. La Française REM expects that the economy will recover in the second half of 2013, which will have a positive impact on letting markets. We foresee fresh new investors coming to our markets».
Nella foto, Filippo Rean