Investors See MIPIM 2013 As Recovery Launchpad

PARIS, Feb. 1, 2013 /PRNewswire/ -- 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 Dr. 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 Depots, PGGM, Union Investment Real Estate, Aviva Investors, and Allianz Real Estate will access the 20,000m ² 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."

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