Great! There is sun in Cannes! So, walking around was nice on Sunday and Monday, but… no walk without any meetings. When on the way to collect my badge the first day I ran into some Russians, than the crew from Hamburg-headquartered real estate firm ECE, and when I say down for a “quiet” dinner, who was in the restaurant? Yes, at the table next were the German representatives of MIPIM, Berlin-based agency Runze & Casper, and in the corner, Swiss Circle. Yes, that is MIPIM – even before it has started officially. Somehow it seems like a spring “family” meeting. Besides the Germans and Russians, many Brits are on the road and there is a lot of buzz coming from the Nordic countries.
But where are the Turks? Turgay Tanes, General Manager of Is Gyo, is one of the big developers and investors in Istanbul. When asked to explain his country in short, he said: “Turkey has a strong potential with its promising, active and fast growing market. In addition, the Turkish economy has shown remarkable performance with its steady growth over the last eight years and met the expectations of the foreign investors. As we all know, Turkey also has a strategic location between Europe and Asia as well as Middle Asia. Related to these reasons; Turkey is becoming an attractive country more and more each day for investment and to do business for foreign investors. MIPIM provides an opportunity for all participations to explore the Turkey’s real estate market and compare the investment yields and opportunities with other countries.”
And Buket Hayretci from the Istanbul Representative Office of Aareal Bank adds: “Concerning the Turkish real estate industry, I can name the hot topics as the new reciprocity law, urban regeneration projects, and vast infrastructure investments such as, among others, “Istanbul Finance Center.” And regarding the choice of Turkey for MIPIM’s “Country of Honour” she continues: “I think the timing is really good as Turkey’s real estate market has been enjoying increasing interest and demand from international investors including government and pension funds during the last two years. I believe the Turkish government and companies are well prepared for the week with attractive stands and an eventful program of panels and discussions. The significance of the event for the country can also be seen by the high-level attendance of Deputy Prime Minister Mr Babacan along with the Minister of Environment and Urban Planning and Mayor of Istanbul.”
Mentioning the word “attractive stands” brings me to another aspect of MIPIM on Sunday and Monday. All the stand constructors were obviously busy in the Palais, and when walking through the halls, one can hardly imagine that it will look very different on Tuesday morning for the opening. But, indeed, it works! The stand construction of Moscow City Government this year, by the way, is a Russian-German cooperation, headed by Russian architect Sergey Tchoban and German Sven Eismann from stand building company “Spacewood” based in Frankfurt. And they did it fine. By the way: Congratulation to Sven Eismann and his team. Spacewood celebrates its 20 years anniversary this year. In the jubilee year they are not only busy with Moscow stand, but building the stands of Apcoa and Cushman & Wakefield at MIPIM, as well. All stands not small!
And another congratulation goes to Warimpex from Austria. They are exhibiting at MIPIM this year for the 20th time as well. CEO Franz Jurkowitsch explains: “As a Vienna and Warsaw stock-listed real estate company it is essential for Warimpex to be present at MIPIM. For exhibiting in a professional way, there is enormous work to do. This and the fact not to stress our internal structures too much, MIPIM is the only real estate show where we are as exhibitor.” And the developer and investor of hotels and office buildings – mainly in CEE/SEE – puts the reason in one sentence: “MIPIM simply is the most important real estate fair in Europe.”
Andreas Schiller is Editor-in-chief of the online medium “SPH Newsletter”, which mainly informs about news, trends and backgrounds in CEE/SEE real estate and investment markets as well as in Russia and Turkey. Germany-based, he is also a regular contributor to German daily “Frankfurter Allgemeine Zeitung”, to Austrian daily “Der Standard”, and to “Immobilien Business” in Switzerland, among others. Having been there for almost 20 years, Andreas is a MIPIM veteran as well.