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Cannes New opportunities emerge in uncertain times

Material partner
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:

Alexander Misev, Head of Property, Aware Super:

“Now is one of the best times to be deploying money, it’s not the time to retreat. Some really interesting deals will pop up in the UK and Europe and we want to be ready”.

Barry Gosin, CEO, Newmark:

“It’s our intention to be fully built out throughout Europe. The primary markets where the majority of transactions occur are the UK, France and Germany, so we expect that we will be one of the top two or three in each of those markets. If you’re going to launch to clients and the European market, this is the place.”

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:

Sanna Marin, former Prime Minister of Finland in her keynote address:

“Without a green future, there is no future. When you do things first, you create opportunities. To this audience, I would say it is smart to be a front-runner in areas like green steel and green cement, in technology, or in finding new ways of living.”

Sophie Haestrop Andersen, Lord Mayor of Copenhagen on Road to Zero Stage:

“Climate action needs strong public support. We have a huge task ahead of us and we cannot do it without public support and collaboration – we need everyone on board.”

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.

Michal Mlynar, UN Assistant Sec-Gen & Acting Executive Director of UN Habitat:

“We need to mobilise support to address issues of adequate and affordable housing globally - 96,000 new, affordable homes need to be built across the world every day. Rapid urbanisation calls for sustainable solutions - enhancing housing conditions in societies is crucial in fostering individuals' health, education, and economic achievements.”

Joanne Henderson, Head of Life Sciences, CBRE:

“There’s lots more to play for in terms of real estate creating life sciences clusters. We’re doing more than just building labs and facilities. Developers are getting more involved in the industry… and putting their own cash into the sector.”

With such crucial challenges facing the sector, MIPIM launched its inaugural MIPIM Challengers initiative to both attract the next generation of real estate leaders to MIPIM and to challenge the status quo by finding new, undiscovered solutions to overcome these issues.

Muyiwa Oki, RIBA President, one of the jury members of MIPIM Challengers:

“We had more than 150 entrants from across the globe and selected 16 of them. Some of the ideas aren’t necessarily new but they’re left in the university curricula and aren’t broadcast to a wider audience, such as urban farming and how it could work in places like South America. Our hope is that people at MIPIM see these as solutions to real-life problems and don’t stick to the status quo.”

Wrapping up MIPIM 2024, Nicolas Kozubek, MIPIM Director said:

“This year’s MIPIM provided the global real estate industry with a platform to discuss new approaches for addressing the most important challenges facing our cities and society.

“For the first time at MIPIM, we launched the Housing Matters! conference during the pre-opening. We are proud to have Housing Ministers from France, Germany, and the UK—the three largest markets at MIPIM—sharing their perspectives on housing issues and exploring alternative strategies.

“The main message I took from MIPIM was one of hope. From the fresh ideas of our future leaders in the MIPIM Challengers to the inspirational speech from Sanna Marin, that if we act now it won’t be too late and we will all benefit together in the long run. I look forward to hearing from the industry how their MIPIM went and to start planning for another successful Global Urban Festival in March 2025.”

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.

Latest news

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Poland Panattoni delivers in Krakow

schedule 12 April 2024
Opr./edited by JC

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Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
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Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

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Romania Marelvi is set to stay at MLP Bucharest West

schedule 12 April 2024
Opr./edited by ANZ

Marelvi, a distributor of electronics and home appliances in Romania, has extended its lease agreement for more than 8,100 sqm of space at the MLP Bucharest West logistics park. 

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Poland The April edition of "Eurobuild" is now ready to read!

schedule 11 April 2024
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Poland Midocean takes more and more

schedule 10 April 2024
Opr./edited by JC

Panattoni has launched the construction of Panattoni Park Ruda Śląska IV. A major tenant has already been found with Midocean to lease 20,000 sqm of storage space, including an extension option for a further 10,000 sqm.

Investment & finance

Poland Big splash in Silesia

schedule 10 April 2024
Opr./edited by JC

Mitiska REIM has sold a 6.7ha land plot to Momentum Leisure to develop a theme and water park which will further reinforce the offering of the Europa Centralna retail center, located in Gliwice.

ESG

Czech Republic Domeq is doing WELL

schedule 09 April 2024
Opr./edited by JC

CTP, in cooperation with Ruby Project Management, has received the highest level of the WELL certification for its project Domeq in Brno. It's the first residential investment in the country to meet the criteria.

Investment & finance

Poland Additional loan for Hillwood

schedule 08 April 2024
Opr./edited by ANZ

Hillwood has increased its loan with Millennium Bank to EUR 29 mln for the construction of phase II of the Park Hillwood Zgierz I project, located in Central Poland, 2.5 km from the A2 motorway entrance and 15.5 km from the A1 motorway junction.

Warehouse & industrial

Poland Hermes by the German border

schedule 08 April 2024
Opr./edited by JC

Panattoni has finished the construction of a logistics centre for Hermes Fulfilment. This is the first project that has been built for the company in Poland.

Office & mixed-use development

Romania Bucharest office market remains fluid and flexible

schedule 08 April 2024
Opr./edited by ANZ

Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first three months of this year, the office sector in Bucharest shows a positive fluctuation in terms of total leasing activity, being 71 pct higher than the same period last year.

Eurobuild FM

Poland Tristram Carfrae on sustainable engineering

schedule 07 April 2024
Eurobuild CEE

Welcome to Eurobuild FM! We invited an excellent expert to the today's episode – distinguished structural engineer Tristram Carfrae, deputy chair of world-renowned design consultants Arup gave us an exclusive interview.

Office & mixed-use development

Poland Cornerstone laid for Booster Zabrze

schedule 05 April 2024
Eurobuild CEE

LemonTree, in cooperation with Commercecon, has launched the construction of Booster Zabrze following the cornerstone ceremony for the project. The mixed-use development will ultimately offer more than 100,000 sqm of retail, logistics and office space, surrounded by landscaping — accessible to both tenants and local residents.

Investment & finance

Poland Refinancing secured for Galeria Młociny

schedule 04 April 2024
Opr./edited by JC

EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.

Residential

Romania One United Properties moves into premium housing

schedule 04 April 2024
Opr./edited by JC

One United Properties has concluded a memorandum of understanding with CPI Property Group for the acquisition of a 21 ha site close to the Eroii Revoluției metro station just south of Bucharest city centre. The project planned on the site should see the construction of round 5,000 housing units.

Warehouse & industrial

Poland For the seventh time for K-Flex

schedule 04 April 2024
Opr./edited by ANZ

Panattoni is developing another BTS project for K-Flex – an international manufacturer of elastomeric thermal and acoustic insulation materials. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year.

Investment & finance

Poland Loan for Dobrzykowice

schedule 04 April 2024
Opr./edited by ANZ

Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.

Residential

Poland Prefabricated for students

schedule 04 April 2024
Opr./edited by JC

Solida Capital Europe and 1 Asset Management selected Pekabex for the execution of the purpose student housing PBSA project located in Puławska street in Warsaw.

Warehouse & industrial

Romania Maracana won't move out

schedule 04 April 2024
Opr./edited by JC

Maracana, a company specialising in transport, warehousing, logistics and distribution services, has renewed its lease contract for 5,000 sqm at the MLP Bucharest West logistics park.

Investment & finance

POLAND Grójecka 5 sold and renamed

schedule 04 April 2024
Nathan North
deputy editor

Dubai-headquartered investment platform Solida Capital has acquired the G5 office building at ul. Grójecka 5 in central Warsaw from Cromwell European REIT for EUR 15.86 mln. The property is to undergo a refurbishment following the change of ownership and will be rebranded as G5 Prime Offices.

Retail & leisure

Poland Terg invests in retail parks

schedule 03 April 2024
Opr./edited by ANZ

Terg, the owner of Media Expert, plans to strengthen its portfolio of investments in its own retail locations. The company wants to put into operation facilities with a total area of 72,000 sqm within the next two years.

Latest in Material partner

schedule 21 March 2024

New opportunities emerge in uncertain times

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.

schedule 07 March 2024

Silesia invites you to Cannes!

We would like to invite you to the meeting: "Explore Silesia: Where Economic Resilience Meets Opportunity!", held at MIPIM this Wednesday. Silesia and its metropolise are one of the fastest growing and most innovative regions in Europe. During the discussion, the roots of its success and specific future prospects will be discussed.

schedule 12 February 2024

Challenges accepted at MIPIM!

The premier real estate fair of the year is now fast approaching! On March 11–15th, at its usual grand venue of the Palais des Festivals in Cannes, MIPIM will welcome delegations from more than 90 countries to take part in an extended four-day programme of speeches, panels, awards and networking

schedule 15 November 2023

In business, we focus on long-term partnerships

Michał Ptaszyński, Country Manager Poland, Logicor, tells us optimistically about the future of the logistics industry in Poland, the company's upcoming investment plans and explain why it is worth cooperating with local communities

schedule 29 September 2023

Łódź invites you to Munich!

We cordially invite all guests of this year's Expo Real to the events organized at the stand of the Łódź City Hall, "Eurobuild" will also be there as a media patron.

schedule 25 September 2023

Grounded in experience

Justyna Cymerman, the head of the urban planning department of land transaction consultancy Greenfields, and Michał Różycki, its director of the land department – living sector, tell us about the company’s greatest achievements, the state of the market, and what needs to happen next to tackle the housing shortage

schedule 06 July 2023

A solid relationship for years

Operational and financial systems supporting property managers are constantly expanding and changing to keep up with changing market needs. Good relationships between providers and users of these systems and a willingness to face challenges together remain invaluable.

schedule 13 April 2023

Land is the key to success but requires skills

Warsaw is one of the most affordable capitals in the European Union to live in. In order to maintain its competitiveness, it is crucial to expand the availability of plots

schedule 22 December 2022

Biuro Na Miarę - more comprehensive, across Poland

The company has been strengthening its position on the commercial real estate market as a specialist consultancy providing comprehensive tenant and landlord services.

schedule 02 August 2022

New ESG Report – Atrium

Atrium European Real Estate has published its 6th ESG report summarising the company's achievements in 2021. The report details the key initiatives involved in the implementation of the its ESG strategy. The company has set new and even more ambitious medium-term targets for 2030, which include a 40 pct reduction in the carbon footprint of its shopping centres by 2030, compared to 2019 levels. By 2050, Atrium wants to have become a carbon-neutral organisation.

schedule 15 June 2022

Power is in people

SKJB Szybkowski Kuźma Jeleń Brzoza-Ostrowska is a Polish boutique legal practice that’s not only celebrating its 5th birthday this year but also its listing on the Legal 500 ranking.

schedule 04 April 2022

Coworking in Atlas Tower

In the times of uncertainty due to the pandemic situation worldwide and restrictions connected with that, co-working spaces and offices are gaining more and more popularity amongst potential tenants. Flexibility of renting terms plus tax law support for new entrepreneurs are things highly needed for small and medium businesses and these come in handy when cooperating with Twój Startup foundation.

schedule 22 March 2022

Tricity attracts with its Scandinavian climate

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schedule 01 February 2022

How to return to the office in good health?

Skanska has recently carried out its third survey on the return to the office in four countries – Poland, Romania, the Czech Republic and Hungary. While previous studies have focused on the needs of employees and their expectations of offices in the new reality, this time Skanska has focused on the impact that the pandemic has had on the employees’ mental health and well-being.

schedule 08 November 2021

Sustainable attraction

"Our research shows that 65 pct of employees in the CEE region want to work in a certified sustainable office. We expect that tenants will opt to migrate to new buildings that suit their needs better", admits Paweł Warda of Skanska Commercial Development Europe

schedule 20 October 2021

MAPIC returns to Cannes

MAPIC 2021 will be held at the Palais des Festivals from Tuesday, the 30th of November, to Thursday, the 2nd December, 2021

schedule 31 August 2021

It's a comfortable life

Ziv Zviel, the CEO of Atlas Estates, tells ‘Eurobuild’ about the company’s plans for the residential sector, top investments and the future of the market

Edition 4 (287) April 2024

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