Over 20,000 delegates representing 90 countries gathered in Cannes for the 34th edition of MIPIM, the global urban festival that brings investors, political leaders and the real estate community together to facilitate relationships and find solutions to the challenges facing the built environment.
With a growing number of stands and pavilions (340) taking more space (19,500 sqm) with new delegations from North America, the Middle East, South East Asia and elsewhere, MIPIM 2024 demonstrated that there are still a significant number of opportunities amid geopolitical, environmental and socio-economic uncertainty.
MIPIM continues to attract representatives of the world’s largest institutional investors, such as pension funds, mutual funds, insurance companies, university endowments, and sovereign wealth funds. Overall, MIPIM welcomed investors managing over €4 trillion of assets.
MIPIM 2024 was the most sustainable edition to date, distinguished by four commitments to making MIPIM cleaner, greener, more diverse and increasing our social impact. As part of this ongoing decarbonisation journey, MIPIM has signed up to the “Road to Zero Alliance” of high-profile businesses, including PwC and real estate investment trust Icade, to take faster, more effective action.
Conversations at MIPIM highlighted new areas of opportunity and optimism. This was particularly reflected by Australia’s Aware Super and USA’s Newmark:
Nevertheless, urgency on climate action and the built environment’s pivotal role in the green transition was at the top of all discussions, with the world’s political leaders making their case:
Dynamics surrounding capital flows into new and emerging asset classes were reflected in discussions, speeches and panels across the week. With the housing emergency continuing, MIPIM facilitated a new platform for discussing the immediate and innovative solutions required at Housing Matters! Demonstrating its significance, housing ministers from France, UK and Germany – MIPIM’s three largest markets by delegate numbers – all attended this year to attract investment into their respective countries.
Elsewhere, other sectors such as life sciences, renewable energy and infrastructure have taken on an increasingly prominent role on the programme, featuring speeches from a broad range of political leaders including the Prime Minister of Thailand and Dr Khalfan Al Shueili, Oman’s Minister of Housing and Urban Planning.
MIPIM returns to the Palais des Festivals in Cannes 10-14 March 2025.
The MIPIM Asia Summit will take place on 3-4 December 2024 in Hong Kong.
Source : MIPIM