The international property industry will gather in Cannes next week for what the organisers are calling 'the most important MIPIM in the event’s 20 year history'.
With the €15 trillion international property industry feeling the effects of the on-going global economic downturn, MIPIM 2009 promises to bring together all the major sectors involved in real estate from over 80 countries and one of the key questions that will be asked is whether real estate remains high on the investment sector’s priorities?
A spokesman for the organisers said: 'While it is well documented that property values are challenged, with yields widening on both prime and secondary property, over the past year there has been ever greater recognition that the asset remains a tradable commodity, allowing corporations in all sectors of the global economy to potentially reshape their balance sheets.
'And in 2009, the international investment community has reiterated its commitment to real estate. To date, over 1,170 delegates from 383 major investment companies such as Deka Immobilien, CB Richard Ellis Investors, Evans Randall, GIC Real Estate, Goldman Sachs, Morgan Stanley, Pramerica RE Investors and Unibail Rodamco, have already registered for MIPIM.'
You can keep up to date with all the latest news from Cannes here at www.propertyweek.com/mipim09.