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Remaking Manchester

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The Data Centres Summit

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The Middle East : The next chapter of global real estate 20-21 October 2026

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CONTENTS 05 News AI & tech, Manchester, living asset classes, logistics trends, hospitality, France, Italy, the Nordics, German capital, Brazil, Benelux region

30 Conferences All the session details, expert speakers, conferences and events to help you plan your time at MIPIM and make the most of the latest intelligence, insights and debate

MIPIM NEWS | MARCH 12

Spotted at MIPIM

SwiMIPIM was back in Cannes for the fifth year running, offering a novel way to network. This non-competitive open-water swim, co-organised by Elliott Wood and dMFK, raises vital funds for homelessness charity Streets of London.

DIRECTOR OF PUBLICATIONS Michel Filzi EDITORIAL DEPARTMENT Editor in Chief, Isobel Lee; News Editor, Julian Newby; Sub Editors, Neil Churchman, Joanna Stephens; Proof Reader, Debbie Lincoln; Reporters, Adam Branson, Clive Bull, Ben Cooper, Mark Faithfull, Andy Fry, Liz Morrell, Nigel Willmott; Editorial Management, Boutique Media International; Graphic Studio, studioA Design; Layout Designers, Harriet Palmer, Sunnie Newby; Head of Photographers, Yann Coatsaliou/360 Medias; Photographers, Cyril Chateau, Patrick Frega, Phyrass Haidar, Sebastien Nogier, Claire Sagny-LeBeau PRODUCTION DEPARTMENT Publishing Director, Martin Screpel; Publishing Manager, Amrane Lamiri; Printer CREAMANIA (France).

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MIPIM NEWS | MARCH 12

Your stands inspired us to find out more about your business, with warm welcomes all round

Miriam Buttet welcomed delegates to the Schindler stand with a friendly smile

Norbert Nowacki, Aneta Herbus and Karolina Misztal shared the news from the Wroclaw Agglomeration Development Agency

Johanna Winde and Miriam Weltz of HafenCity Hamburg told us all about one of Europe’s largest inner-city development projects

The National Council of the Order of Architects (CNOA) drew a crowd to the France Architecture stand

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MIPIM Awards Ceremony Followed by a cocktail reception open to all participants Thursday 12 March 2026, from 18.30 Grand Auditorium, Palais des Festivals Global Sponsor

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MIPIM NEWS | MARCH 12

Inside and out, delegates powered around the Palais des Festivals to make new connections at MIPIM 2026

Come rain or shine, MIPIM networking made you smile

A raft of spectacular projects made you stop by Brazil’s city stands

Pausing for a well-earned break helped business come together

Padel at the Howden Beach Club brought out your competitive side

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‘It’s about giving people fishing rods instead of giving them fish’ LAST YEAR, British actor, comedian and activist Steve Coogan, was appointed co-chair of the Middleton Mayoral Development Corporation (MMDC) by the Mayor of Manchester Andy Burnham. Coogan grew up in Middleton, a town positioned between the cities of Manchester and Rochdale; and he is now part of the initiative to regenerate and revitalise this, one of many de-industrialised towns in the north of England.

In an Invest Manchester panel session at MIPIM yesterday, Coogan and Burnham were joined by Councilor Neil Emmott, leader of Rochdale Borough Council, and Rose Marley, chief executive of Co-operatives UK, and a key driver of the MMDC around a co-operative model. The purpose of the session was to appeal to MIPIM delegates for investment into the project.

Speaking to MIPIM News after the session, Marley said that interest in the project came even before the Corporation was formally launched. “When Andy first announced the initiative, Steve and I appeared on video at the meeting, and the next day we got 14 enquiries. One was from a local businessman, who said: ‘I was born in Middleton and I grew up in Manchester.

If you put an AI centre in the place, I’ll give you 250 jobs immediately.”

“He’s very successful, has a very nice life and wants to grow his business,” Coogan said. “But he wants to do it hand-in-glove with enabling the town to improve and regenerate — to make it a nice place

to go. Right now, the town centre is a place where people go to get something and then leave; they don’t go recreationally. They used to, but sometimes a confluence of circumstances can make things unattractive. But that situation is easily reversible, with some help.”

At the formal launch of the MMDC, Marley said they were careful to get a mixture of locals — in terms of status and politically, in order that from the outset the initiative was non-partisan and inclusive. “We all have our political views but there are things around which everyone can coalesce. And that thing about ‘place over politics’, to me, is at the forefront of this,” Coogan added. “The co-operative model in the UK, which is seen as a left-wing thing that involves the unions, is not seen like that in this context. We said, ‘Look there is no us-or-them about this,’ — and the fact that my grandparents lived on the council estate has never been more useful to me!”

Coogan said that both he and Burnham see the MMDC as “a kind of laboratory. If this works this can be a template for change. This is ground-up, it’s not top-down. Central government can’t solve everything — not least because the world is now run by about four or five companies. But it can help. Devolution is a word that’s been bandied around for the past 50 years, but this is meaningful. It’s about giving people fishing rods instead of giving them fish.”

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Investment panel turns focus on France’s regional potential include health, digital and AI, creative and cultural industries and a more business oriented tourism offer.

Matthieu Vis, director of investment and business setup, One Provence Promotion said industry might not be the first thing associated with Provence, but the Greater Marseille region had quietly become one of Europe’s most strategic industrial and logistics hubs. The port is already France’s largest by tonnage, and the region is now hosting some €15bn of decarbonisation projects.

At the same time, Marseille has emerged as a digital gateway to the world, with around 20 submarine cables landing on its shores, turning the city into a strategic connectivity node between Europe, Africa and Asia. This, in turn, has triggered a boom in data-centre projects.

For international investors, Paris still looms large. But as Francesco Travagli, director of investments, Choose Paris Region insisted, the French capital region wants to be seen as far more than a museum city. As the EU’s only remaining “global city” following Brexit, it combines the continent’s highest regional GDP with a dense concentration of For-

CBRE’s Chris Gardener

WHY SHOPPING IS NO LONGER DROPPING

Team Nice Côte d’Azur’s Axelle Xerri

tune 500 headquarters, and international citizens account for roughly a fifth of the population, making it a genuinely global business environment.

Swiss Life strategy stays on course SWISS Life Asset Managers will continue its long-term investment strategy of focusing on the four Ls — lifescience, living, logistics and light industrial — according to German CEO, Holger Matheis. “These are the things we are still investing in and we’ll be investing in during 2026 as well,” he said.

The company has invested around €95bn in real estate over the last 12 years.

A new light industrial fund opened last year, and has seen a number of recent investments. This year it will offer a new pan-European fund for the residential market, comprising around €700m equity plus €300m leverage financing.

Around 20% of the fund will be available for alternative living, including student housing, senior living and co-living.

“Living is number one for us for the time being,” Matheis said. “We have invested around €22bn and that’s some-

thing where we have a lot of experience.

Demographics and the need for property in residential areas is something that will stay for a long time.”

Logistics, meanwhile, has stabilised, he said. “It’s not as crazy as it was two years ago but it’s still something where it makes absolute sense to still invest.”

The stabilisation effect was evident across sectors, he said. “We have a stable market again and that’s why we’re quite optimistic. Transaction volume rose around 8% last year, coming from a low level, and we think that will stay like this with another 7% growth rate in transaction volume for 2026.”

However, he admitted the Iran war could have an impact. “For the time being there is no big change but if the war extends then we will see interest change and could see problems with inflation and delivery chains.”

Swiss Life Asset Managers Germany’s Holger Mathias

THE RETAIL sector is once again enjoying its place in the sun after years in the doldrums, according to Chris Gardener, managing director and head of European retail at CBRE. “There is definitely this resurgence within retail — it is a topic that everybody’s discussing,” he said. “Last year, we were up 16% on the previous year in terms of total investment volume for retail in Europe, so around €38.5bn.”

Of course, not all retail property has bounced back in the same way.

“Retail is a huge spectrum of assets,” Gardener said.

“We’ve seen around 40% of the total deployed in retail parks and grocery.

The other big movement has been the capital going back into the large shopping centre market. That accounts for around 30% of all retail transactions and that’s up from a low about three years ago of around 20%.”

Underlying the figures is the fact that the public has remembered post-pandemic that shopping is a leisure activity.

“We’re now back to exactly where we were in 2019 in terms of footfall across shopping centres and we’re up on turnover.”

MIPIM NEWS | MARCH 12

THE DIVERSITY of France’s regions was in the spotlight on Wednesday in the session Investment Guide: Unlocking Opportunities In French Regions, which brought together public stakeholders and investors to showcase both the potential and the complexity of developing regional projects.

Opening the discussion, Jalil Benabdillah, president of the CNER Federation, said that in today’s world, competition for investment was becoming increasingly global and increasingly territorial. “Investors are not choosing countries. They are choosing ecosystems, innovation clusters, talent pools and quality of life. In other words, they are choosing territories.”

Axelle Xerri head of investment projects, Team Nice Côte d’Azur, underlined the role of Nice airport, France’s second busiest after Paris, as a gateway to both Europe and the wider Mediterranean. That connectivity, combined with a strong tourism base, has helped attract a calendar of global events including playing host to the UN Ocean Conference and a forthcoming central role in the 2030 Winter Olympics. Behind the scenes, however, the city is focused on building priority sectors that

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Rome’s urban transformation will see it ‘rise, shine and modernise’ the redevelopment of long-neglected urban areas and the renewal of its transport network. “The current administration is supporting this process with large public investment, especially for public-transport options,” he said. “New underground lines and stations, new electric buses and next-generation trams all form part of the plan to make the different districts of the city accessible.”

He added: “On the one hand, we have hospitality and, at the same time, we need to find new housing opportunities, especially for students. Rome is an im-

portant hub for universities and research centres worldwide, with more than 300,000 students at university level.”

Veloccia said Rome has many different asset classes with development potential: “Rome was, and still is, one of the largest cities in Europe and it is also the greenest city in Europe. So on the one hand, there’s a need for growth in the real estate sector. But at the same time, we do respect the environment.”

He concluded by saying that Rome will “rise and shine and modernise itself ” while honouring its history, identity and heritage.

Rome deputy mayor Maurizio Veloccia

Italy offers everything under the sun ATTRACTED by Italy’s political stability, simplified bureaucracy and financial incentives in the south, capital is flowing into Italy across all real estate asset classes, according to Marco Cito, Italian Trade Agency director of foreign investment.

In 2025, €2bn was invested in the industrial and logistics sector, €2.4bn in hospitality and a record €3.5bn in retail, with the latter up 49% on the previous year. Overall, real estate investment hit €13.5bn, an increase of 36% on 2024.

Cito also pointed to greater diversification of investment beyond the twin economic engines of Milan and Rome. “We are at MIPIM to showcase 15 projects around the country and only two are from Milan and Rome,” he said. “The rest are from other important sites, such as Turin, Bari, Sicily, Calabria and the Naples area.”

Cito believes that the stability of the Italian government and streamlined bureaucracy and planning processes

have provided investors and developers with more certainty in terms of meeting delivery timelines, and this has encouraged more inward investment. In addition, national and local governments have been working more closely to facilitate development.

Ten regions in the south of the country have also been designated as a special economic zone, offering financial incentives for companies looking to develop real estate there.

“We have increased the diversification of both geography and asset types when it comes to investment and successfully positioned Italy as the place to be — on top of which, we are still a beautiful country with great food and sunshine.”

Cito said that ongoing demand for data centres, especially in the south, has led to the government being more selective over which schemes can go ahead: “We have had very strong demand, especially

because Italy is well set up to provide the renewable energy needed through solar and wind power, and we have already become a strong digital hub.”

Italian Trade Agency’s Marco Cito

Citius Advisory Group’s Miguel Cavazos and Nicole Huiban

MEXICO BUIILDS ON TIES WITH EUROPE MEXICAN consultancy Citius Advisory Group is at MIPIM to explore opportunities for transatlantic investment, according to managing principal Miguel Cavazos.

“We are here to learn about what is going on in the capital markets within Europe,” he said. “We have a few Mexican investors willing to invest their wealth in some of these markets. And at the same time, we are promoting investment funds out of Europe and global funds that are willing to explore investments in Mexico.”

Cavazos added: “There is a trend at the moment for exploring European markets, especially the UK, Spain, France, Italy, Eastern Europe and Ireland. We were in Dublin last year looking for properties. It’s about diversification on the part of Mexican investors. The cost of money in Mexico and the US is much higher than in Europe.”

Now 20 years old, Citius covers the spectrum of real estate advisory services.

“We have a presence in eight different cities in Mexico, so all the primary and secondary markets within the country,” Cavazos said.

“We represent a good number of tenants and global companies in their real estate operations.”

MIPIM NEWS | MARCH 12

ROME has returned to MIPIM for a third consecutive year as it showcases the city’s urban transformation and redevelopment.

Maurizio Veloccia, the city’s deputy mayor and councillor for urban planning, told MIPIM News: “My main message is all about trust. Rome is a one-of-a-kind city but this should not be seen as a constraint, rather an opportunity. Rome is a city that is alive and has many different needs and many different opportunities.”

In terms of the economy, Veloccia said Rome had reclaimed its place among European capitals: “Investments in real estate have been growing year after year.

And over the last year, more than €1.7bn of investments were made in our city, which is up 13% compared with last year.”

Turnover related to tourism has also been increasing. In 2025, the city’s jubilee year, more than three million pilgrims participated in Vatican events. Tourist numbers surged 20% during the summer, with over 38 million visitors recorded.

Veloccia said Rome is undergoing an unprecedented urban transformation with

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Expo 2030 Riyadh’s legacy of innovation will benefit world Sarcc’s James Atkinson

SARCC SHARES SMART PLANS FOR RESIDENTIAL LIVING

Expo 2030 Riyadh’s Abdulaziz Alaqel

international airport. There will also be a new metro station by 2030, which will connect to the city’s infrastructure.”

Conceptually, Expo 2030 will showcase “how countries and international institutions are working collectively to tackle the challenges that humanity is facing”, Carnevali said. This is the basis of the event’s strapline: ‘Foresight for tomorrow’.

Alaqel said one of the most exciting dimensions of the Expo is that it will provide a platform to showcase the entirety of Saudi Arabia’s Vision 2030:

Expo 2030 Riyadh’s Giovanna Carnevali

“There are so many projects under construction, from Qiddiya to Diriyah. But what is special about Expo 2030 is that it comes at the end of this period, so visitors can enjoy both the Expo and the other projects, many of which will be completed or nearly completed by the time they arrive.”

Expo 2030 Riyadh, scheduled for October 1, 2030 to March 31 2031, aims to bring together 197 countries and 29 organisations.

Adel unveils Dammam coastal city SAUDI Arabian real estate firm Adel is showcasing an ambitious new seaside residential project being developed at Dammam in the Kingdom’s Eastern Province.

Speaking to MIPIM News, Adel Real Estate chief development officer Jaafar Buhulaiga said the $26bn (€22.3bn) project will span 32 million sq m and be home to around 180,000 people. “We are working on several projects, but this is our biggest to date. It is a new urban development that will redefine coastal planning in the Eastern Province.”

As it stands, the new coastal city will have eight residential neighbourhoods, a range of commercial and investment plots, parks, recreational spaces and luxurious waterfront properties. Located next to Bahrain and Qatar, Buhulaiga expects the development to become a significant residential, tourism and business hub.

The main designs for the city are com-

plete and Adel is now working on the tendering process for the initial infrastructure execution. Around 80,000 people will be employed, with the goal being to complete the project by 2030.

Buhulaiga said building the city from scratch provides Adel with a unique opportunity to lead “a new generation of city planning and development”. We are working hard to anticipate the needs of the community that will come to this new city. We want to enhance quality of life and create a vibrant community in the region.”

MIPIM, he added, is the “perfect platform” to present Dammam. “It’s a great opportunity to communicate with investors and operators about taking part in a huge infrastructure project that aligns with Saudi Arabia’s 2030 Vision,” he said.

Explaining why international investors should become involved, Buhulaiga said: “It’s a very attractive proposition that

comes at a time when Saudi Arabia is executing a lot of successful projects. I think there is a high level of trust in Saudi Arabia and the Eastern Province because projects are being delivered on schedule.”

Adel Real Estate’s Jaafar Buhulaiga

SMART Accommodation for Residential Complexes Company (sarcc) aims to transform the living standards of the Kingdom’s workforce by providing innovative, safe environments. “Our task is to increase the supply of accommodation to meet the huge demand for employee services and to raise standards,” said James Atkinson, sarcc’s acting CEO. For ‘workers’ — those who come to build and deliver projects and then move on — the aim is to reduce the standard from eight to a room to four. Those categorised as ‘staff’ operate the projects after completion. Here, the target is a maximum of two.

An improvement in amenities is planned for all developments. Most workers come from Asia so, for instance, a variety of regional cuisine is offered in sarcc developments.

Sarcc, which is fully owned

by Saudi Arabia’s Public Investment Fund, is seeking best-in-class development partners at MIPIM. Al Nahkla in northern Riyadh is its first major acquisition, providing 1,136 units in the heart of the city. More ambitiously, a worker village for 12,000 is planned in north east Riyadh.

MIPIM NEWS | MARCH 12

SAUDI Arabia is working on several landmark infrastructure projects as part of Vision 2030. But few match the creativity and ambition of Expo 2030, discussed at a session entitled The Architecture Of Foresight: Designing Expo 2030 Riyadh.

Organised by Invest Saudi, the session brought together Expo 2030 Riyadh’s Giovanna Carnevali, head of design and executive director, and recently appointed chief development officer Abdulaziz Alaqel.

The session was moderated by Saud Alsulaimani, JLL’s CEO and head of capital markets, Kingdom of Saudi Arabia.

Carnevali began by taking a deep dive into the design of Expo 2030, which will last for six months, and aspects of its planned legacy.

“One thing that the Riyadh leadership said at the very beginning of this project was ‘let’s start from the legacy and come back to the Expo’. To me, that was the perfect way to plan this project,” she said.

With 43 million visitors due to attend, Carnevali said Expo 2030 has been “strategically located” to deliver the double vision of a tourist event and legacy community. “We are located on the north side of Riyadh, very close to the

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French real estate ‘held back by regulatory inconsistency’ BNPP AM Alts’ Gabriel Mattout

Blackstone’s Guillaume Lecois (left); Roland Paul, GSE; Vincent Sadé, Prologis France; and Marie-Cecile Tardieu of Business France

Roland Paul, chief executive of GSE, a firm offering design, construction and development consultancy services, agreed, saying there was currently “too much complexity” in the permitting process and the potential of legal interventions.

“Sometimes even when you have a permit to build a project, for three or four years, nothing can happen. I think the public and private [sectors] need to work together more.

“That could be interesting, because in the future perhaps land will belong to authorities more. We can find a new way to work together. We need to find a way to have the private and public working together.”

Sadé and Paul were joined on stage at the

Gare Maritime by Marie-Cecile Tardieu, director general of Business France — who opened the session with a presentation about opportunities in France — and Guillaume Lecois, managing director at Blackstone with responsibility for real estate acquisitions in France and Italy.

Sadé also criticised the chaotic situation in the rules around the low emissions zones in Paris and other big French cities, the zones à faibles émissions (ZFE), which he said are being changed far too often.

“It’s moving down, up, down, up, ” he said.

“It changes the rules of the game. As an investor we invest for the next 30 years, we do not invest for the next two years.”

Developers warned over ‘brand vanity’ CONSISTENCY is key when applying luxury consumer brands to property developments, but brand vanity has no place for either party. That was one of the conclusions of the Consumer Brands, And The Durability Of Brand Identity panel event held at MIPM yesterday, chaired by Jamie Ley, managing director of Forma Global.

“What we try to avoid is having the brand outside – we work on consistency,” said Tanya Byls, head of real estate and hospitality EMEA and South America at Tonino Lamborghini.

Michele Galli, CEO of The One Atelier, said brand alignment was also essential.

“The challenge of a luxury branded project is to connect the needs of the brand with the needs of the developer and sometimes they talk a different language,” he said. “The challenge is to convince the developer that consistency is important and the brand that they must be a bit more open to the developer’s needs.”

Tonino Lamborghini’s Tanya Byls Forma Global’s Jamie Ley

The One Atelier’s Michele Galli Kwerk’s Lawrence Knights

At Tonino Lamborghini, Byls said this was done by taking an individual approach to each project. “We try to recreate the creative process each time. We listen to the needs of the developer. It’s about a shared responsibility so that they understand what

makes the brand. We stay creative, stay dynamic and we understand that there are good ideas from the developer too.”

“Innovation is key and discipline is key,” said Lawrence Knights, president of Kwerk.

Such an approach also allows for differentiation, agreed Galli: “The opportunity is to create something that’s tailor-made.”

INVESTORS VALUE ESG DESPITE THE US-LED BACKLASH THE ROAD to Zero stage opened on Tuesday with the now annual briefing on real estate decarbonisation.

Gabriel Mattout, pan-European development coordinator, BNPP AM Alts, acknowledged an ESG backlash, especially in the US, however, he stressed that many institutional investors remain committed because improved environmental performance is increasingly seen as part of financial performance.

From the insurance and risk perspective, Marco Rossi, global head of business development, Zurich Resilience Solutions noted that climate events not only damage physical assets directly but also disrupt revenues and increase operating costs. The message was that physical climate risk is already material, worsening, and must be integrated into plans.

Joy Sinderbrand, senior vice-president for capital programs, New York City Housing Authority, described NYC’s shift after Superstorm Sandy in 2012, when a $3bn federal grant funded retrofits for waterfront buildings. That “watershed moment” helped normalise climate risk, but, she said, resilience and decarbonisation can no longer be treated as separate “sidebar” projects.

MIPIM NEWS | MARCH 12

MORE clarity, consistency and stability in the regulations governing the French real estate market would enable more investment into the economy and better long-term planning, a panel of experts has agreed.

Members of a conference session dedicated to investing in France, held during MIPIM yesterday, concurred that the complexity and changeability of the country’s legal framework was hampering real estate development and growth.

Speaking at the session — Invest In France, Why? — Vincent Sadé, head of leasing and capital deployment at Prologis France, said that regulations were “not treated the same way everywhere in France”, meaning inconsistency and the possibility that one mayor of a French town can put an end to a real estate project such as a logistics centre.

“There are so many moving pieces locally, regionally and nationally which is not helping,” he said. “Real estate is long-term. We need more clarity, and more stability.

“Some regions of France are really in favour of our business so it’s easier — in some regions it’s much harder.”

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Tourisme Montréal declares the city is geared up for investors

Tourisme Montreal’s Manuela Goya

told MIPIM News.

“Montréal is a city with a proven, documented track record of excellence,” she said. “We are not just making claims — the rankings speak for themselves. Montréal ranked 19th in the world in the Economist Intelligence Unit’s Global Liveability Index 2025, with a score of 93.8, the biggest jump of any Canadian city that year and ahead of every single American city surveyed. For real estate investors, that kind of momentum matters.”

Goya also pointed to Montréal’s new mayor, Soraya Martinez Ferrada, who was elected in November last year, as a reason for confidence in the city. “Mayor Martinez Ferrada brings an extraordinary profile to the role: a former federal cabinet minister with deep experience in housing, transport and economic development, she came to Montréal as a child from Chile and built her career here,” she said.

“She is the first person of Latin American heritage to lead the city — a powerful symbol of the diversity that has always made Montréal exceptional. Her priori-

ties are directly aligned with investor interests, including reducing construction permit delays to a 90-day standard. After eight years under the previous administration, this is a city with fresh energy, clear leadership, and a majority mandate to build. For investors, that combination is rare and valuable.”

In addition, Goya described Montréal as a “powerhouse” for international conferences, having hosted 103 major events in 2024 compared to just 71 in Washington DC. Combined with a growing tourist economy, the need for further investment in the city’s hotel sector is clear. “Every delegate who arrives for a congress is a future investor, resident or ambassador for Montréal,” she said.

“Montréal is affordable, ambitious and proven. We have the infrastructure, the talent, the universities and the political will to support major investments. If you are looking for a North American city where your investment will grow alongside a thriving, safe and internationally recognised community, Montréal is your answer.”

Usability is ‘key to luxury sector’ “WE EXPECT continued growth, but also a clearer divide in the market.

Many branded projects have historically prioritised brand identity and design, with services often positioned as an added layer rather than the foundation of the offering,” Roberto Bergonzi Martinez, director at luxury residential property specialist Azur said.

“We believe demand is beginning to shift toward projects that deliver genuine usability, structured management, and meaningful experiences across wellness, culture, and lifestyle — not just how they look, but how they feel.

The next phase will be shaped by how people actually use these spaces, not just how they are presented,” he added.

Martinez also predicts increasing scrutiny around wellness and wellbeing claims, with buyers favouring offerings that are clinically grounded and professionally delivered rather than purely experiential.

“Among affluent buyers, the focus is increasingly shifting from simply owning a home in a wonderful location to how to spend time in an environment that supports wellbeing and nurtures longevity. We also see growing interest in hospitality-backed ownership models that combine professional operation, income generation and defined personal use.”

Azur has been behind a number of branded hospitality and residential developments such as Azurean and Benahavis Hills in Marbella and La Nucia Sports City and Hills of Altea in Alicante and Martinez said that MIPIM is a key platform for the company because it enables it to showcase the full ecosystem upon which its model is built.

“Across our four divisions — Azur Homes, Azur Hospitality, Azur Capital and Azur Bespoke — our approach is to bridge development, hospitality and investment into a coherent offer-

Azur’s Roberto Bergonzi Martinez

ing,” he added. “MIPIM allows us to engage directly with industry leaders and partners, from capital providers and operators to strategic collaborators.”

Commerz Real’s Nicole Arnold

COMMERZ REAL SETS SIGHTS ON RENEWABLES COMMERZ REAL’s focus for 2026 is on renewable energy and infrastructure.

“We see them moving together and an important area looking into the future,” according to Nicole Arnold, a member of the management board.

The company has set up retail funds to bring private investors into infrastructure investment, in sectors as diverse as schools, kindergartens, streets and digital networks. “The state puts money into infrastructure, but it needs private investment as well,” she said.

The company is looking at investment needs around western Europe and some east European countries, including Poland. The digital transformation will need a new energy infrastructure and also changes to social infrastructure, she said.

“Renewable energy has a big part to play to make the infrastructure work. A decrease in costs from energy efficiency in buildings means an increase in fixed rents. Also, lots of tenants want green buildings and to provide for their employees’ wellbeing.”

The focus in terms of location is on gateway cities.

“Tenants still want prime property in prime locations.” she said.

MIPIM NEWS | MARCH 12

MONTRÉAL now represents one of North America’s most compelling real estate investment destinations, Manuela Goya, vice-president, public and governmental affairs, Tourisme Montréal,

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Stockholm makes its pitch as a stable hub for talent and tech couple of challenging years for the digital sector, the city’s start-ups and scale-ups were also beginning to expand again, while the country is also seeing the expansion of its defence technology sector.

The construction of the new Nobel Centre project, a public building for science, literature and peace along Stadsgårdskajen, will further encourage innovators to make Stockholm their base, he believes.

The project is due to open in 2031 and is also expected to draw many visitors, with Stockholm’s hospitality sector already

rapidly expanding as Northern Europe becomes a popular alternative holiday destination.

“We have 30,000 islands which are becoming increasingly attractive for international tourists and with their numbers growing, so too this attracts more investment,” he said.

Wanngård added: “We are extremely proud of what we have achieved in Stockholm so far and our message here at MIPIM is that we can offer stability and transparency combined with a very good quality of life, which is why we are the place to be.”

Stockholm Business Region’s Staffan Ingvarsson and Mayor Karin Wanngård

Japan urges greener urban growth “JAPAN must take a long-term view on the sustainability of the planet and the economy,” Itsuhiro Miura, deputy director general of the Ministry of Land, Infrastructure, Transport and Tourism, told the Green Transformation In Japan session on the Geo Focus stage.

He said that although there had been long-term investments made in urban parks, Japan still had a shortage of urban green space by international standards.

He called for private investment in the quantity and quality of urban green space.

Kei Yokozawa, general manager of Mitsubishi Estate Company, gave the examples of progress in two cities, Tokyo and Osaka. In Tokyo, the Daimaru-Yu smart city covers 120 ha near the station, and is home to many large Japanese and international companies.

“Guidelines have been drawn up by landowners with the local authority incorporating greening and environmental

improvement as a basic principle, to improve wellbeing, social interaction and community participation,” he said.

In Osaka, a smaller site next to the station, which was a former freight yard, has been made into an urban green space, now used by families, bringing social diversity to the area.

Kentaro Kanebako, the representative of the city of Yokohama in Europe, gave a run down on Green Expo 2027 which runs from March to September next year.

Yokohama, with a population of nearly four million, and half an hour from Tokyo, is already seen as one of the most desirable places to live in Japan and has won global recognition for sustainability for its port.

The many sections of the Expo will include, the circular economy, carbon neutrality, nature-based solutions — and 10 million flowers and plants. “We are also planting 600 cherry trees with 40 varieties, and these will be a permanent legacy,” he said.

Kentaro Kanebako, Europe representative of Yokohama

Craig Wright, Aberdeen Investments

BENELUX BOOSTED

BY EFFICIENT INFRASTRUCTURE BENELUX benefits from the best transport infrastructure in Europe, something that is highly attractive to real estate investors, according to Craig Wright, head of European real estate investment research at Aberdeen Investments, which has just under €1bn of assets under management in the region.

Speaking ahead of a Benelux panel discussion, he said: “If I fly to Charles de Gaulle in Paris, it takes me an hour and a half to get into the city centre by taxi. If I fly to Amsterdam, I’m into the city centre in six minutes. Brussels is the same.”

He added: “With the airports, you can also access global markets from both Brussels and Amsterdam, which is a huge benefit for the region in terms of innovation and business.”

The result is that Benelux benefits from a highly dynamic economy that supports property investment. “Netherlands and Belgium are some of the most innovative parts of Europe in terms of the number of startups per capita,” Wright said.

“Both those countries rank really highly on a global level in terms of being creative, creating an environment for startups and for doing business.”

MIPIM NEWS | MARCH 12

STOCKHOLM is at MIPIM along with 54 municipalities from around the Swedish capital and 15 of the country’s largest real estate companies as the city makes its case for inward investment and as a livable city for workers.

Mayor of Stockholm Karin Wanngård said that the city offers companies not only a safe and stable environment in which to invest and work but also one which is continuing to promote innovation after establishing itself as one of Europe’s most important digital hubs.

“The quality of life in Stockholm is a very important factor and one of the reasons that we host over 20 global headquarters,” she said. “We have also built a reputation in business that we deliver on what we say, so in Stockholm a handshake is a handshake.”

The city has been rapidly expanding and in common with most major urban settings is working to create more homes, although Wanngård said that it is still possible to find affordable housing for workers, key as Stockholm continues to encourage younger generations to choose the city as their home.

Staffan Ingvarsson, CEO of the Stockholm Business Region, added that after a

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AI IS influencing decision-making across every industry and every job function. But in Tuesday’s session, Intelligent Transitions: AIAand Technology Powering The Net-Zero Shift, the focus was firmly on the practical role of AI in the building environment.

The session was moderated by Simon Chinn, head of research and advisory services at the Urban Land Institute, who said that 75% of companies are now using AI in the real estate sector, up from about a third, two years ago. “There has been a massive uptake in the adoption of AI, and this is happening across the whole value chain.”

The panel reflected this fact by bringing together leadership figures from a range of sectors. Among them was Doris Birkhofer, CEO Siemens France, who compared the impact of AI to electrification.

“Siemens has been a pioneer in electrification, an area that has really changed everything. And our conviction is that

AI is probably about the same thing. It will be as transformational. So, knowing that buildings represent 40% of energy consumption worldwide, it will have a tremendous impact if we identify the right use cases.”

Philippe Diez, associate partner/senior expert, McKinsey, said the bottom line is that “AI will make life much easier. That’s especially the case when we are talking about energy efficiency in buildings. One of the hurdles has always been the cost

of getting the information you need to convince management to proceed with a project. With AI, you can avoid all kinds of very costly and intrusive measures.”

The panel was also able to draw on the experience of a major German city — Hannover. City mayor, Belit Onay, said AI is a key tool in dealing with “all the challenges we are facing right now as a typical European city”. As an example, he said that digital tools have played a part in overhauling the city’s heating system.

The expert panel for Intelligent Transitions: AI And Technology Powering the Net-Zero Shift

Data centres make capital gains DATA centres outstripped another asset class in capital raised for the first time in history last year, it was revealed at a special session of MIPIM on Tuesday.

Data from Colliers presented to the first ever MIPIM Data Centres Summit showed that in 2025 the level of capital raised in the booming data-centre sector exceeded that of multi-family homes, the first time the tech-driven asset class has outperformed any other.

The findings were revealed during a session in which delegates heard about the new “gold rush” currently under way to serve phenomenal global demand for AI data centres.

Hundreds of MIPIM delegates packed the Asset Class stage on Tuesday afternoon, to hear a panel of experts discuss the opportunities and challenges in the booming sector.

Attendees heard from Colliers’ head of Data Centres Advisory for the EMEA region, Lottie Tollman, who described 2025 as an “absolute record year for investment and capital raising into data centres”.

Tollman added: “It’s the first time ever that this has outstripped any other of the asset classes. Capital raising for data centres has outstripped multi-family residential for the first time ever.”

Introduced by MIPIM director Nicolas Boffi, the Bits To Bricks session marked the launch of the Data Centres

Colliers’ Lottie Tollman introduces the session

Summit as a new MIPIM event in recognition of real estate’s vital role in the development of the technology.

Among the big points of discussion were demand trends, challenges in reforming national grids to provide the extraordinary amounts of energy required to power data centres, the development of

the buildings themselves, and the roles that both private- and public-sector organisations can play in their growth.

Joining Tollman on a panel discussion about data centres were Mark Whyte, global head of built environment and infrastructure at Control Risks, Dame Dawn Childs, chief executive of the Pure Data Centres Group, E.ON Energy Infrastructure Solutions chief executive Marten Bunnemann, and Jack McCarron, head of investment for Europe at QTS Data Centres.

Bunnemann said that currently the “biggest constraint to the growth of digital infrastructure and data centres” is grid congestion in “hotspots”, including London, Amsterdam, Frankfurt.

He said that the growth of data centres will require huge transformations to existing power grids, and associated regulatory environments.

“To give you a feeling,” he said, “a big data centre … consumes as much power as a city of 250,000 inhabitants. It’s a lot, on a very small part of land normally.

In the European energy infrastructure, electricity grids are not designed for this kind of growth.”

MIPIM NEWS | MARCH 12

How artificial intelligence is bringing real energy savings

“We use smart technology to identify where there is potential to create heating energy and bring it to the grid.”

Brett Ormrod, head of sustainability for Europe at LaSalle Investment Management, said AI is already “fundamental to what we do.”

In terms of AI use cases, he said the company currently has nine heating optimisation projects and several more where AI “sits on the top of the building management system, trying to learn how the building functions. We’ve seen some really good results. We are forecast to save a further 2,500 tonnes of carbon this year. We’re also using AI to bring down shared utility costs across the buildings where we’ve deployed it.”

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Albania harnesses ‘the power of architecture’ to build new future of opportunities; lots of beautiful nature. We have a lot of development projects that will change life in Albania. We want to bring back a lot of the Albanians who fled the country in the 1990s.”

Greca highlighted the wealth of development projects throughout Albania, including a new football stadium in the capital city that she said had the power to transform the surrounding area. It will be almost like a “new centre of Tirana”, she added.

Also on display is a masterplan for Krorez on Albania’s Mediterranean coast, less than 10 miles from the island of Corfu. The masterplan entails the development of just under 500,000 sq m across a space of 4.58 million sq m. The project will deliver new residential, hospitality, leisure, sport and F&B space, alongside a new Mediterranean marina.

The AKPT team is at MIPIM to meet potential partners and investors with an interest in Albania. Greca said AKPT is also interested in meeting architects.

Gesvalt Group’s Sandra Daza

SPAIN HOT AGAIN WITH GLOBAL INVESTORS

National Territorial Planning Agency of Albania’s Adelina Greca

The agency is keen to encourage more mixed-use schemes and designs, which Greca said “bring more spirit to a place”.

Destination France under the spotlight FRANCE has a high profile at MIPIM 2026, with the new Destination France pavilion bringing together the full strength of the range on offer from the French real estate ecosystem under one roof. The dynamism of the sector was further underlined at the France Press Conference, which took place on the Leaders’ Perspective Stage on Tuesday evening.

Following upbeat opening remarks from MIPIM director Nicolas Boffi, a string

of significant French announcements were unveiled. The programme featured several new projects from Paris and the regions, including details of urban transformation schemes and initiatives to promote innovation and AI. The first executives to share their insights were Grand Paris Aménagement’s Stéphan de Faÿ, Filière Hors-site France’s Céline Beaujolin and EpaMarne–EpaFrances’ Laurent Girometti.

The 2026 MIPIM French Press Conference

Among the developments discussed were the Plaine des Cantoux project at Ormesson-sur-Marne, which was presented as an example of a co-construction scheme with residents.

Next on stage were the National Council of Architects’ (CNOA) Christophe Millet and Marjan Hessamfar. In a joint presentation, Millet and Hessamfar discussed strategies to support the industry in a changing market.

VALUATION and consultancy company Gesvalt Group gave an overview of the some of the key changes in the Spanish real estate market over the last decade at its Spanish conference at MIPIM this week.

Gesvalt has been attending MIPIM for 17 years, according to CEO Sandra Daza. “We started coming here many years ago to get more involved in the international real estate market,” she said. “Then, 10 years ago, we started organising and sponsoring the Spanish conference.”

This year’s event focused on how, in the space of 10 years, “Spain has gone from being basically bankrupt to being one of the top countries for investment in Europe”, she added.

Over the next couple of years, residential investments will continue to remain key in Spain, Daza said: “There is still a lack of supply and that’s a structural problem. Demand is still strong. Spain is also strong in hotels and leisure.

We have new operators and interest from both private and institutional investors in hotels.” She also predicted that the logistics market — an asset that has suffered over the last couple of years — will recover and that the office sector also offers good opportunities.

MIPIM NEWS | MARCH 12

ALBANIA is entering a new period of growth with numerous transformative developments and investment opportunities throughout the country and across multiple sectors.

The SEE nation has stepped out of the shadows of its troubled past as a “closed country” and is looking forward to a more globally connected and prosperous future, the head of the Albanian National Territorial Planning Agency (AKPT) said.

At MIPIM, AKPT general director Adelina Greca is heading a large delegation of Albanian property professionals, showcasing a raft of projects in all asset classes at the national pavilion.

Greca, who is an architect by training, is passionate about the power of her profession to transform places and the potential for Albania. Speaking to MIPIM News, she said: “I believe in the power of architecture to bring out the best in Albania. We want Albania to be known around the whole world through its architecture. We have a lot

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2026 Conferences & Events 9.30 - 12.30 Audi I

12.30 - 14.00 Majestic Hotel

14.00 - 14.45 Audi I

Columbia AI Day

HTL Connection Lunch

Columbia AI course for Challengers

By invitation only

By invitation only

By invitation only

Leaders’ perspective

Asset Class

Road to Zero stage

Gare Maritime

Gare Maritime

Palais 5

Palais 3

Palais 3

Gare Maritime

Gare Maritime

stage

stage

Main

Room

Harbour

Room

Geo Focus stage

Palais Central (P-1)

9.00 - 10.30

10.00 - 11.00 The Power of Partnership: Regeneration that Delivers Real Social Impact

10.00 - 11.00 The Offices Workshop Part I: Global Trends, Local Markets - The Macro Impact Sponsored by

10.00 - 11.00 The Net Zero Reality Check: A Live Market Quiz & Debate

Organised by

10.00 - 12.30

Sponsored by

Sponsored by

12.10 - 12.30 The Offices Workshop Part III: Meet the experts

Sponsored by

Sur invitation uniquement

11.30 - 12.30 Purpose x Performance = Progress; the Built Environment at a Crossroads

Sponsored by

Sponsored by

10.00 - 11.00 LATAM Focus Identifying Safe Havens Amidst Tension

Organised by

From Bits to Bricks Part 2 - Designing, Building, and Financing AI-Ready Infrastructure

11.00 - 12.10 The Offices Workshop Part II: Evolving Occupier Needs - The Next-Gen Office 11.30 - 12.30 Investment Strategy Focus - Real Estate in Turbulent Times: Geopolitics and Macroeconomics Under the Microscope

Petit déjeuner de l’ADI

11.30 - 12.30 USA: Innovation, Investment, Opportunity Organised by

Sponsored by

12.30 - 13.00 Meet the Experts Networking Cocktail Sponsored by

14.00 - 15.00 Investment Strategy Focus - Navigating the New Normal: Best Practice in Raising Capital

14.00 - 16.00 Healthcare Workshop Senior Living & Care: Balancing Demographic Demand and Investment Risk

Sponsored by

14.00 - 15.30 Adapting for a Changing Climate: Regenerating Cities and Strengthening Urban Resilience

14.00 - 15.00 14.00 - 15.00 Vacance immobilière : quels outils pour monétiser vos m² vacants sans investissement lourd (CAPEX) ?

L’IA change-t-elle le pouvoir dans la ville ? Élus, promoteurs, architectes face à la souveraineté numérique

14.00 - 15.00 Middle East Focus Capital, Cities, and Megaprojects

Sponsored by

Organised by

15.00 - 16.00 Regulatory changes are increasing opportunities for international investment & positively impacting KSA’s real estate sector Sponsored by Organised by

16.00 - 16.30 Healthcare Workshop Meet the Experts Networking

16.30 - 17.30

Sponsored by

Cocktail francophone

Programme as of 8 March 2026. Information contained in this programme may be subject to change.

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Thursday 12 March 18.30 - 19.30 Grand Auditorium Stage GLOBAL SPONSOR

Open to all

UK Hub

Audi K

Debussy Room

Verrière Californie

Palais 1

Palais 4

Palais 3

Palais 5

8.30 - 10.00 Industrial & Logistics Breakfast

Organised by

HTL

Connection stage

C21 - Plage J. Macé

8.30 - 10.00 Nordic Breakfast

9.30 - 10.30 NovaCity, the Vertical Mix: Shared spaces, Shared lives

9.00 - 10.00 Networking Breakfast

Organised by

Organised by

By invitation only

10.00 - 11.00 Bologna TEK: Investing in the new EU Hub on big data, AI and Entertainment

Organised by

10.15 - 11.00 Investible North

10.30 - 12.00 Affordable housing: why the market can’t do it alone

Organised by

10.00 - 11.00 Branded Residences How data identifies future “brand-ready” destinations – and why some markets take off?

Sponsored by Organised by

11.15 - 12.00 Cities, capital, and local power: Urban regeneration in a devolved UK

11.30 - 12.30 Value in the details: Why hospitality interiors shape ROI Organised by Organised by

Organised by

14.00 - 14.45 Scotland’s Housing Landscape

14.00 - 15.00 FDI in Focus: How Global Investment Flows Are Reshaping Real Estate Markets

14.00 - 15.00 Premio de ilQI al MIPIM di Cannes

14.00 - 14.45 Destination Trends

Sponsored by

Organised by Organised by

15.00 - 15.45 A Tale of Two Northern Cities: Regeneration, Renewal and Diverging Paths – Perspectives From Tom Bloxham CBE MBE And George Clarke

Organised by ilQI il Quotidiano Immobiliare

®

15.30 - 17.30 Capital Meets Climate: Unlocking Housing Through Brownfield Regeneration

Followed by a networking cocktail 16.30 - 17.30

Networking Cocktail Organised by

English speaking session with a Sessions with a

will be translated by Kudo into the language of your choice. are sessions with a networking component.

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UK and French Focuses

Thursday 12 March

Palais 1 8.30 - 10.00 Industrial & Logistics Breakfast

9.00 - 10.30 – Harbour Room / Gare Maritime

Petit déjeuner de l’ADI (By invitation only)

Organised by

10.15 - 11.00

Investible North

10.00 - 13.00 – Gare Maritime

Data Centers Summit: From Bits to Bricks - Part 2 Table francophone pendant le networking dirigé (workshop)

Organised by

11.15 - 12.00

Cities, capital, and local power: Urban regeneration in a devolved UK Organised by

14.00 - 14.45 Scotland’s Housing Landscape Organised by

15.00 - 15.45 A Tale of Two Northern Cities: Regeneration, Renewal and Diverging Paths.

Perspectives From Tom Bloxham CBE MBE And George Clarke

14.00 - 15.00 – Harbour Room / Gare Maritime L’IA change-t-elle le pouvoir dans la ville ? Élus, promoteurs, architectes face à la souveraineté numérique Organisée par

14.00 - 15.00 – Main Room / Gare Maritime Vacance immobilière : quels outils pour monétiser vos m² vacants sans investissement lourd (CAPEX) ?

15.00 - 15.30 – HTL Connection Stage Les nouveaux codes de l’hôtellerie de luxe : de Bendor à Cannes en passant par Courchevel et Paris Organised by

16.30 - 17.30 – Harbour Room / Gare Maritime Cocktail francophone

C14

C12B

10.00 - 10.45 Function, flexibility, connectivity: London’s approach to Life Sciences space

10.00 - 11.00 Marchés locatifs en 2026 : signaux d’inflexion et perspectives pour le Grand Paris

11.00 - 11.45 Beyond the bottom line: Redefining viability to unlock London’s housing delivery

11.30 - 12.30 Net Zero et tertiaire parisien : premiers résultats, nouvelles obligations, nouvelles valeurs

14.00 - 14.45 Materials first: Practical sustainability & adaptive reuse in the Built Environment

14.30 - 15.30 Capital Market : institutionnels, privés, family offices – qui finance quoi ?

16.00 - 19.00 Reception | Sundowner Sessions DJ Set Sponsored by City AM

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N RTH OF ENGLAND POWERED BY Place

POWERED BY

THURSDAY BREAKFAST BRIEFING: INDUSTRIAL & LOGISTICS

08:30-10:00, UK Stage • Developers, investors, local government leaders, and economic advisers will assess the state of the market, invitation-only

INVESTABLE NORTH

10:15-11:00, UK Stage • Quick, digestible, and impactful presentations spotlighting some of the most ambitious cities and projects

UNLOCKING GROWTH THROUGH REGENERATION AT THE URBAN FRINGE

11:15-12:15, North of England Suite • Explore how strategic investment in inner-city edges and fringe neighbourhoods can drive wider economic renewal

WOVEN WHISKY TASTING

11:30, Scotland stand, UK Hub

SCOTLAND’S HOUSING LANDSCAPE

14:00-14:45, UK Stage • Get under the skin of Scotland’s housing crisis and analyse the routes to solve it

MIPIM CLOSING RECEPTION

16:30-19:00, North of England Suite • A private gathering for delegates to reflect and celebrate the week’s successes and learnings

READ THE WEEK’S HEADLINES FROM PLACE MEDIA GROUP

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28.01.26 10:03

Norway ‘offers transparency, hospitality and opportunity’ Sycomore Eco-District in Bussy-Saint-Georges

Herman Følling Ness, Malling Tone Tellevik Dahl, Norsk Eiendom

Kjetil Martinsen, Malling

Kjetil Martinsen, head of research at Malling, outlined the macroeconomic environment, highlighting Norway’s resilience even during downturns. He said that the office market had traditionally been the most important in terms of size and transactions, but the sector had slowed. “Retail and logistics are seeing strong growth and we have seen a hotels bonanza,” he said.

“We’re not seeing investors shying away from Norway — far from it. We’re seeing new people coming in and entering.”

Elin Mack Løvdal, Haavind

Herman Følling Ness, head of international capital markets at Malling, highlighted some of the most important deals and opportunities in Norway, including Bodo airport, a transformation project at Okern Sentrum and Victoria Terrase, previously the Ministry of Foreign Affairs.

He said Norway’s natural security defences of mountains and fjords, as well as plentiful renewable energy, also made Norway a growing market for data centres, with 52 currently in the pipeline.

Model showcase for Diriyah Company DIRIYAH Company is at MIPIM this week to spotlight the newly unveiled central district grand avenue within its wider masterplan with one of the largest scale models at the show. The company is expecting big things from MIPIM. “We always get a lot out of our time here,” said Kiran Haslam, chief marketing officer at Diriyah Company.

“We always meet the right people with the right intention and with the right spirit and normally the people we meet quickly come out to see us and to experience what’s actually going on in the region.”

The 1:300 scale model highlights the 1.9km-long, 75m- wide grand avenue within the project which will be home to a mix of uses, including retail, offices, hotels, residential, and food and beverage. “This is the central spine that connects Riyadh with the Diriyah masterplan,” Haslam said.

“To understand it on paper is one thing, but then to bring the largest model we’ve ever constructed in our history gives us a chance to develop that deeper emotional understanding of what it presents architecturally,” he said.

“You can really envisage yourself standing in and amongst the buildings and it makes it so easy and tangible for us to have these important conversations with investors.”

Haslam said that the Diriyah giga-project currently remains both on time and on budget for its 2030 completion. More than 60,000 people are now on site helping to build the project, some of which is already complete and in use. This includes the Bab Samhan luxury hotel and two fully operational dining districts. “There’s a lot coming out of the ground, so people are coming to the kingdom and experiencing Diriyah in the here and now. They can have these

overnight stays; they can go to dine and then they can go to shop. It feels like things are really moving and everyone can touch and feel the project.”

Kiran Haslam, Diriyah

FRENCH BIOBUILD HOMES COME OF AGE SUSTAINABLE developer EpaMarne–EpaFrance has reached the milestone of 10,000 housing units built with bio-based materials, strengthening their commitment to low-carbon city development, the company has announced at MIPIM. Further upcoming consultations for housing developments integrating biobased materials will also be announced at MIPIM. For more than a decade, EpaMarne–EpaFrance has been committed to promoting sustainable, high-quality development in eastern Paris. Their priorities include decarbonisation, land-use efficiency, and preserving the productive and ecological functions of soils.

Innovation is the key challenge in EpaMarne’s urban planning development to realise its aims, Arnaud Marty, EpaMarne’s head of development and marketing, said. EpaMarne is also leading in the use of off-site construction, with one of the largest examples at the Noisy-Champs station site.

The 2025–29 Strategic and Operational Project of the EPAs, adopted in July 2025, strengthens its ambition of “decarbonising the city and mobility”. The five-year goals include integrating eco materials into 40% of new construction.

MIPIM NEWS | MARCH 12

NORWAY is a country of “ample real estate opportunities”, according to panelists in the Norway Investor Summit, with investment potential in infrastructure and hospitality, as well as in the traditional markets of office, retail and industrial/logistics.

Tone Tellevik Dahl, CEO of Norsk Eiendom, said Norway remained one of the most stable business environments in the world. “Even with increased political polarisation, the fundamentals of Norwegian governance remain solid and the property sector operates within a well-regulated and open transparent environment,” she said.

This transparency was essential to dealmaking, she said: “Our policies are documented and rights and obligations are clearly defined. As a result, investors encounter a market where legal certainty is the norm rather than the exception.”

One such example was the standardisation of lease agreements for commercial property. “These widely adopted contract templates provide clarity, balance and predictability for landlords and tenants,” she said.

Elin Mack Løvdal, partner at Haavind law firm, said that this led to increased efficiency of the due diligence required for investment deals. “When you have standardised agreements people know how it’s intrepreted, which gives a predictability,” she said.

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Panel calls for collaboration to scale affordable housing added that communication was key as she outlined the need for the private and public sectors to work together. “There are lots of policy changes being implemented and lots of work going on in, for example, the EU. But I think that the private sector is largely unaware of them.” she said.

Pascal Eveillard, deputy vice-president, sustainable development and group director for sustainable construction at SaintGobain added that there also needed to be more work around creating resilient homes, adapted to climate change.

“This is imperative,” he said. “We need to be developing climate-ready housing and the question is whether we can build in resilience for all. Failure to do so means

losing money and losing homes.”

Alisa Bankovska, FIABCI-Ukraine president and founder of Synchro Space, also reflected on the special challenges of rebuilding in post-conflict environments, where a lack of governance and functioning municipalties can cause uncertainty.

She said that in redeveloping Ukraine, the emphasis needed to pivot from simply looking at housing to how residential and business could be aligned. “In Ukraine we are seeking to bring residential and business parks together, addressing not just the housing needs but also the economic and jobs requirements as well,” she said.

“If we don’t create economic and social eco-systems then it won’t be sustainable.”

FIABCI Ukraine’s Alisa Bankovska (left); Saint-Gobain’s Pascal Eveillard; ULI’s Sophie Chick; UN Habitat’s Anacláudia Rossbach; WGBC’s Julie Emmrich; and Azerbaijan government’s Ramil Jahangirov

Invest in Madrid’s housing ambition THE MAYOR of Madrid, José Luis Martinez-Almeida, is at MIPIM, seeking global investment partners for his city’s ambitious plans for affordable housing. He outlined his dynamic vision for the city in a conversation with Carolina Roca, president of the Madrid Association of Real Estate Developers (ASPRIMA).

Martinez-Almeida said that his city has more land available for affordable housing than any major city in Europe, with plans to build 200,000 homes over the next decade.

Exploring why investors should have confidence in Madrid as a partner, the mayor pointed to the city’s long-term political stability and aligned vision with the regional government. “We can provide investors with certainty, legal security, low taxes and a commitment to public-private collaboration,” he said.

Martinez-Almeida called Madrid “one of

the most vibrant cities in the world, full of energy” and said that he is seeking a balance between economic success and quality of life. “Our residents want the best quality of life, in terms of public services, mobility, green spaces, security, leisure and so on. They want a complete environment, not just for their professional life, also for their personal life.”

He sees the emphasis on affordable housing as key to delivering this quality of life — and also attracting talent. “If you reflect on the future of cities, then the difference between them is talent. If we want talent to come to Madrid and live here, then without affordable houses there is no way that will happen.”

Roca also shared her thoughts during the session, noting that European cities “are competing to attract global capital, talent and long-term investment, while also facing problems such as growing

Mayor of Madrid José Luis Martinez-Almeida

pressure on housing affordability”.

She said Madrid “has positioned itself as a city that combines strong growth, institutional stability and a clear strategy, working in co-ordination with the private sector.”

Team V’s Frank Bouwman

STATIONS CAN ADD VALUE TO CITIES AND LIFESTYLE THE STATION is more than a transportation hub — it’s where living, working, and mobility converge, a message Team V brought to MIPIM. In the Netherlands, new station projects connect districts while creating public spaces, homes and urban value.

“It connects different modes of transportation, promotes sustainable mobility, and stimulates economic growth,” Frank Bouwman, partner at Team V Architectuur, said.

Intelligent development can create vibrant, green and accessible spaces that make cities more efficient and attractive.

“If you want to encourage people to travel by public transport, you need to invest in the quality of the experience,” Bouwman said. Lessons from the 1990s, including Rotterdam Central and Amsterdam Zuid, show that high-quality stations boost rail use and catalyse urban development.

“Research shows 25% of the travel experience is determined by the station experience,” he said. With rail, bus, and cycle connections converging at station areas, they offer opportunities to link living, working, amenities and mobility.

MIPIM NEWS | MARCH 12

“CLEARLY what we are doing is not working,” warned Anacláudia Rossbach, UN Under-Secretary-General and executive director, United Nations Human Settlements Programme (UN-Habitat), as she set the scene for the panel session Derisk Housing: Capital Will Follow.

Stressing that the affordable housing crisis was due to a lack of capital, she stressed that the bid to build affordable housing needed bold approaches but said there were reasons to see “a light at the end of the tunnel”.

“Land is the first thing we talk about and it is currently so difficult to make brownfield sites work financially and logistically. For developers it is easier to build on edge-oftown sites where there is no infrastructure,” Sophie Chick, vice-president, ESG programmes at the Urban Land Institute said.

“It’s these infill sites that we really need to bring vacant properties back into use and for that you need investors with a longterm view,” she added. “We are seeing action across Europe with positive case studies. What is missing is how we deliver these at scale.”

Julie Emmrich, sustainable finance lead at the World Green Building Council,

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Brussels develops strong sense of repurpose to meet housing needs CBRE Investment Management’s Eric Decouvelaere

POLARISATION WILL CONTINUE TO SHAPE RETAIL AND OFFICES

Brussels chief architect Lisa De Visscher

temperature of the city down in the summer and collect rainfall.

“A number of areas of Brussels are being regenerated in what is a transforming city, where we are trying to redefine areas that were once just offices and make them mixed-use areas within the capital,” she said.

“The city is constrained by its boundaries so, when it comes to new buildings, we have to think in terms of bigger volumes.”

Areas undergoing change include a project to make the European Quarter

greener, plus regeneration of the area around the Brussel-Noord station and the area adjacent to the Brussel-Zuid station, all of which are being converted into more cohesive neighbourhoods.

De Visscher’s role includes looking at all schemes of over 5,000 sq m. She stressed the importance of developers collaborating with her department at the outset to enable the city and private developers to work together to help improve Brussels’ appearance and functionality.

Where are the rewards in today’s risks?

AS REAL estate undergoes its most significant transformation yet, driven by shifting demographics, geopolitical changes, sustainability demands and AI hypergrowth, major global investors shared what it means for them in Tuesday’s Global Investors’ Vision session on the Leaders’ Perspective Stage. In particular, the panel explored the impact on the future role of real estate in a multi-asset portfolio, on asset-class allocations and on asset selection and management.

Opening the discussion, McKinsey & Company’s Ben Dimson said that, while it is very clear that there is a lot going on in the world right now that can be seen as challenging, there are also opportunities. Citing issues such as global supply chains, logistics for tariffs and geopolitical instability, he said the panel had a lot to address.

Australian Retirement Trust’s Mark Lee said that real estate’s inflation-hedge story has been “broken” in the last few years and that replacement-cost constraints

mean returns are likely to be back-ended this cycle. “If anything, what’s happened over the past week and a half will likely increase that replacement-cost situation,” he added. “Therefore, for supply responses to kick in, values and rents will have to catch up. The question in the next 10 years is when will that happen?”

GIC’s Tracy Stroh underlined real estate’s role as an inflation-hedging defensive pillar within a multi-asset sovereign portfolio. She also stressed the importance of global geographic diversification and “boots on the ground” local teams, while still being prepared to take opportunistic risk if it can be structurally de-risked.

GIC’s Tracy Stroh

CBRE Investment Management predicts that the polarisation in both retail and offices will keep widening, according to Eric Decouvelaere, head of the company’s EMEA urban destinations operator division.

He believes high-quality retail assets will continue to strengthen as pricing settles, liquidity returns and investors look for resilient income with room for ESG-focused repositioning. For offices, demand for top-tier, sustainable, flexible workplaces in world-class cities will keep growing, he stressed.

“Confidence is coming back and we see opportunities in strong shopping centres, selected food-anchored retail parks and selective high streets across major European cities,” he said.

“We’ll be talking to investors about where we see real conviction opportunities, dominant regional shopping centres where tenant demand is strong and pricing is relatively attractive.”

He added: “Some office markets have over-corrected, creating attractive entry points. Buildings capable of meaningful environmental upgrades will continue to command rental premiums.

As occupiers consolidate into the best spaces, those that help companies attract talent and build culture will outperform.”

MIPIM NEWS | MARCH 12

BRUSSELS faces the twin challenges of increasing the densification of its residential property to accommodate more residents and needing to make the city greener and more livable, said Lisa De Visscher, chief architect of the Brussels-Capital Region.

With little spare land left for development, De Visscher said the Belgian capital needs to look to its circa 1 million sq m of vacant office space and other brownfield opportunities to create more residential towers for its 1.2 million inhabitants.

“We have around 50,000 people on the waiting list for social housing, plus a high need for affordable homes for families, middle and higher earners, many of whom are forced to leave the city for accommodation,” she said. “As a result we are looking at how we can repurpose assets like old offices, but also provide schools and other public amenities.”

Despite the apparent contradiction between needing more buildings but also more green areas, De Visscher said that Brussels is looking to spaces such as car parks around old 1960s and 1970s office blocks which, by being converted, could also help to bring the

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Redevco’s pan-European retailpark strategy gains momentum

Redevco’s Israel Casanova

retail parks across the UK for £518m (€599m) in December 2024, with the portfolio assembled by Oxford Properties via the M7 Real Estate specialist platform it acquired in 2021.

“We were an early mover in acquiring

retail again and, obviously, we have a long history in the sector — we are not new kids on the block,” Casanova said.

“There has been a price correction across retail and our view is that retail parks offer the convenience and mix of generally affordable brands that consumers are looking for. In fact, consumers have remained more resilient than expected.”

For its pan-European fund, Redevco is targeting what Casanova described as retail parks in strong catchments and that are dominant in their areas. The focus so far has been on markets where the company has teams on the ground.

Investors largely abandoned retail real estate investment as online retail increased.

Then the global financial crisis struck.

However, Casanova said that interest has now returned. He added: “I think as well that investors have turned their interest to income-producing assets. Retail parks are generally very well occupied on long leases, they are flexible and they don’t require large amounts of capex, so they fit this model very well.”

Verifying data-centre sustainability SUSTAINABILITY benchmarking body GRESB is on the cusp of launching a new assessment focused on data centres, according to director Tyler Guthrie.

“We are about to launch the industry’s first sustainability benchmark and assessment for data centres specifically,” he said. “We launched an infrastructure assessment in 2019 and now we are responding to industry need for a data centre-specific assessment.”

A dedicated assessment for data centres is necessary, Guthrie continued, because these facilities have such unique characteristics: “Data centres are so different to other real estate assets — they operate differently and have much higher energy requirements. They also have much more impact on local communities, high-water needs and so on. They can be very difficult to get done, sometimes be-

cause of community opposition or grid constraints. We’re trying to provide an assessment framework that allows investors and operators to communicate what they’re doing in a structured way that investors, stakeholders and communities can understand.”

Data centres inherently require a great deal of energy and water, but Guthrie said it is still worth distinguishing between those that are developed in a sustainable manner and those that are not.

“If you invest in developing in a way that increases the sustainable performance, you can actually build quite a responsible data centre,” he said. “It’s not going to be the same as something that has absolutely no impact, but it’s the difference between what is a best-in-class today and what is a less-than-ideal asset for both the investor and the community itself. There is a spectrum.”

GRESB’s Tyler Guthrie

Harper B’s Belinda Coates

MIPIM: WHERE ‘YOU LEARNS THINGS YOU CAN’T GOOGLE’ MIPIM is the ideal event for understanding what’s really going on in the world of real estate, according to Belinda Coates, founder of management consultancy Harper B, which focuses mainly on the UK and Australian markets.

“When you have conversations at MIPIM at roundtables, dinners or cocktail parties — or if you’re lucky enough to be invited on to a yacht — that’s where you learn about what’s really happening. You learn about things you can’t Google and that’s why conferences like this are really valuable.”

A native Australian, Coates said her home country should have a bigger presence in Cannes given how much money its pension funds especially have invested in global real estate. “There’s a real fight for capital and people are getting very savvy about coming together as countries and having a unified approach to target that capital,” she said.

“With another hat on, I’m here trying to promote the idea of MIPIM for Australia as well.”

She added: “We distribute 70% of Australian wealth to other countries. We’re very giving by nature but I think we’ve possibly become complacent.”

MIPIM NEWS | MARCH 12

REDEVCO is set to close on a retail park acquisition in France and is also in the process of purchasing schemes in Germany, the Netherlands and Belgium as it continues to deploy funds from CBRE Investment Management raised in August.

The company launched its inaugural Redevco European Retail Parks Fund having secured €500m in equity commitments from CBRE Investment Management Indirect Real Estate Strategies, acting on behalf of global institutional clients, and including a significant co-investment by Redevco.

The Amsterdam-based company has already deployed around 60% of that capital on retail parks in the UK, Belgium, Germany and Spain. It is an asset class in which it has shown strong conviction and in which it has been an “early mover”, according to Israel Casanova, investment director of Redevco European Retail Parks and country head for Spain and Portugal.

Redevco acquired a portfolio of 16

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Sirius ramps up military spend as defence industries expand vested in defence properties, he said. “People in the military supply chain don’t sell to just anybody. You need a certain approach; certain disciplines have to be maintained.”

In UK, defence-related re-industrialisation is already happening, he said, with

Sirius’ Andrew Coombs

versions of war bonds, defence innovation bonds, floated as a funding vehicle.

He added: “Although the UK may not be spending more, it is now the third biggest shipbuilder in the world, for instance. The money is coming from foreign investors, such as German companies like Helsing and Rheinmetall.

“Look around, defence industries are growing at a rapid pace. Other sectors have long lead times — data centres up to seven years — defence is here and now.”

Sirius’ defence investments are in addition to its existing business, Coombs said. It has €4bn in assets in business parks and aims to add an extra €1bn in defence assets. Sirius was set up in London in 2007 and operated exclusively in Germany until 2021 when it bought BizSpace and its UK operations.

At MIPIM it has a team of four people aiming for a specific number of engagements. “Our experience is that high activity here at MIPIM will result in one or two leads coming to fruition later.”

Goodbye reticence, hello confidence A SENIOR leader of one of Europe’s largest real estate specialist banks has said he sees signs of recovery across the industry and an “upbeat” attitude on display at MIPIM. Christof Winkelmann, management board member and chief market officer at Aareal Bank, said that 2026 was already showing promise for a full recovery and stronger sales volumes than last year, with particular strength in key sectors such as hospitality.

“The market is better than last year,” he said. “There’s been increased sales activity, which is great, meaning more re-financing opportunities for us.

“I think we will see increases across all asset classes. People in Cannes are upbeat.”

Aareal Bank offers various services to firms in the real estate economy, specialising in structured property financing and banking and digital solutions. From the base of its

parent company in Wiesbaden, the group has operations in Europe, North America and the Asia-Pacific region.

Winkelmann said the company was looking ahead to the remainder of 2026 with renewed optimism, reflecting wider hopes across the industry.

He said that after a year marked by general reticence, with many investors choosing to maintain their existing portfolios, there were signs of more deals and more movement driven by the possibility of better pricing for assets.

Winkelmann cited particularly strong outlooks in the hospitality industry and hotel asset class, in logistics, and in prime offices in prime locations.

Conditions surrounding the hotel sector were particularly favourable. “I do believe it’s going to be one of the very strong sectors in 2026 and very much sought after,” he said.

Aareal Bank’s Christof Winkelmann

KSPF’s Simon Shaw

KING SALMAN PARK GROUP UNVEILS NEW INVESTMENT SAUDI Arabia’s King Salman Park Foundation (KSPF) has used MIPIM to announce more than $3bn in fresh investment for its ambitious Riyadh-located park city project. A consortium led by Kolaghassi Development will deliver a new residential-led mixeduse district, a centrepiece project in the kingdom’s Vision 2030 programme.

King Salman Park is a 17.2 sq km development offering a variety of cultural, artistic, entertainment, sports, commercial and residential facilities. Construction is already well under way and funding to date tops $5bn.

The scheme comprises a residential-led development spanning over 400,000 sq m, including a school, offices, retail and hospitality outlets.

George Tanasijevich, KSPF CEO, said: “Securing investment of this scale, supported by international capital and expertise, is an important milestone.”

Simon Shaw, KSPF chief communication and marketing officer, said the concept of a park city was a pioneering approach.

“We’re learning so much as we go, about sustainability, about water resilience. The citizens will see their quality of life improved immensely by amount of green space.”

MIPIM NEWS | MARCH 12

THE GERMAN “debt brake” to allow the country to spend €100bn a year on defence spending could yield as much as €10bn a year in rental income, according to Andrew Coombs, CEO of Sirius Real Estate. “Peace does not come cheap,” he said.

Coombs is rapidly moving Sirius to benefit from the defence-driven re-industrialisation in UK and Germany, including appointing a defence adviser, retired Major General Angus Fay. “We’re working with Angus to identify the right kind of opportunities,” he said.

“What we are looking for is defence assets which are quite ‘sticky’, which are not easy to move like clothing.”

In 2025 Sirius raised €130m in capital to acquire defence-related properties. Its first acquisition was a Munich company specialising in laser-defence technology, followed by a company in Bedford, UK, making parts for ejector seats for military jets — both use high-tech equipment which is difficult to set up and to move.

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New approaches as Brussels emerges from political limbo

citydev.brussels’ Benjamin Cadranel

ment especially.” Cadranel said. Productive activities and autonomy within the cities are also important he said, citing services or food products that are made “by the people of the city, for the people of the city, and that really inhabit the city fabric with residentials and other functions in harmony”. Citydev will exploring potential partnerships at MIPIM and has a long history of working with the private sector.

“So what we’ve been doing in the past years, and we’re doing this year again, is to announce all our public tendering — the ones that are ongoing — so that we can explain how they work, why the people who got the tender got it, and update how it is going,” he said.

Among the major schemes currently under development are Lion City and Bridge City — both conceived as flagship mixed-use zones to be built over the next few years. Cadranel also highlighted a new co-investment model being prepared with private developers to expand affordable housing. “If we can deliver our current pipeline, we already have enough work for at least 10 years,” he said.

Top tile-maker makes MIPIM debut ITALIAN porcelain tile manufacturer Atlas Concorde has taken its own stand for the first time at MIPIM 2026, illustrating the growing importance of materials suppliers in the property-development chain.

With regulations and customers becoming more demanding, it’s becoming increasingly important that developers involve suppliers at an early stage, Atlas Concorde CEO Maurizio Mazzotti believes. “It’s important that developers understand the technical specifications, ESG parameters, certifications for recycled products and so on,” he said.

Atlas is recognised as a leader in porcelain tile manufacture. It is based in Fiorano Modenese, a short hop from the Ferrari car factory, in the heart of Italy’s industrial belt. Expertise is all around, with Europe’s biggest concentration of tile makers.

Porcelain can do things that natural stone cannot. It can be used for a whole ecosys-

Atlas Concorde’s Maurizio Mazzotti

tem, from walls and floors to work tops and tables, inside or outside. Making the tiles is more and more technical, and the Modena region also leads in equipment for making the tiles, Mazzotti said.

Atlas Concorde now has offices in 30 countries dealing directly with developers in local markets, so taking their own

MIPIM stand was a logical step.

“We can have more private conversations than on a country stand. Trust is very important; making a contract is an act of faith, there’s a lot at stake.

Meeting in person means we can look each other in the eyes and shake hands,” he said.

Emlak Konut’s Muhammet Enes Zorlu

EMLAK KONUT AT MIPIM TO KICKSTART GLOBAL GROWTH EMLAK Konut, the biggest real estate investment company in Türkiye, is at MIPIM to boost its international expansion.

Muhammet Enes Zorlu, the firm’s investor relations officer, told MIPIM News that the company has delivered hundreds of thousands of housing units, alongside commercial space, in Türkiye in the last 20 years but now it is looking to widen its horizons.

The developer currently has one project outside Türkiye, in Saudi Arabia, and is hoping to do more after bringing a large delegation to Cannes. “We have made a lot of contacts,” Zorlu said.

“It’s the first step to expanding globally. We are searching right now for new markets. We have made connections with Oman, connections with some people from Germany and with Italian advisors. It’s been really fruitful for us. This is our main goal: to find connections and opportunities, and then to take first steps into being a global company.”

He added: “Why not go to France and bring some Euros into the Turkish markets? We have some problems with the currency [in Türkiye], so it’s a hedging mechanism.”

MIPIM NEWS | MARCH 12

WITH BRUSSELS setting fresh priorities for its public real estate strategy, Benjamin Cadranel, CEO citydev.brussels, is in Cannes to share his insights into the agency’s evolving role in shaping the city’s urban landscape under a newly formed regional government.

The new administration came to power after a 615-day deadlock. “It was very long in the making, so it’s kind of a new start with new objectives on real estate and the public real estate market, especially,” Cadranel told MIPIM News.

“We are a public agency. So what we try to do is really to promote the mixed-use concept, the 15-minute city, where you can accommodate in a very compact urban area, residential, affordable residential, but also economical activities, and public amenities, like schools, kindergarten, public spaces of quality.”

Citydev.brussels is at MIPIM is to set the new agenda for big projects, with the emphasis on mixed-use. “We are very in line with the European Commission agenda that is focusing right now on affordable housing, affordability is a very big topic everywhere, and in the housing depart-

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BNP Paribas advocates guarded optimism amid global turbulence prospects of growth, not just in residential and logistics, but across offices also.”

MIPIM was the key place and time to take check in on the market. “Especially for me, my clients are all cross-border or international or global investors

BNP Paribas Real Estate’s Etienne Prongué

and it’s a key moment in the year to be speaking to your clients, understanding what their outlook is, what their strategies are and how they’re looking to do deploy those strategies.”

In terms of trends, BNP Paribas had, like others, seen an increase in activity in the defence sector, mainly in leasing. This includes a deal at the end of 2025 for an asset owned by Tristan Capital Partners in Widnes, north-west England. But there are issues in the defence sector because it is dispersed, not in prime locations, and each deal is very specific.

Residential is still the most attractive market in terms of fundraising, he said — BNP Paribas in UK has just sold the Greenwich portfolio worth over €1.1bn — but there were administrative barriers.

“The capital is there ready to go and would have positive impacts, not just into the economy but in terms of social impacts. But it is a struggle for people to deploy the capital.”

High profile for Brazilian real estate THE PRESIDENTS of three of Brazil’s regional real estate bodies are in Cannes to showcase the many opportunities their states offer to international investors.

Joining the delegation led by the national Brazilian Federal Council of Real Estate Agents (COFECI) are the presidents of three of 26 state real estate bodies, the Regional Council of Real Estate Brokers (CRECI).

They are here representing real estate professionals, and championing their regions to potential investors, from the federalised states of Ceará, Minas Gerais and Bahia respectively.

Nilson Araújo, president of CRECI Bahia, on Brazil’s Atlantic coast, highlighted the “explosion” of residential and tourism real estate development currently under way in the state. He said that Bahia was rich with potential for foreign investors to capitalise on the opportunity.

Tibério Benevides, president of CRECI Ceará, located on the north east of Brazil, also on the coast, spoke of the many

opportunities for the development of sporting facilities and related tourism, based in part around the area’s reputation as the “Mecca of global kite surfing”.

And Ricardo Mendes, president of CRECI Minas Gerais, an interior region rich with mineral and rare-earth resources, said that the primary draw for foreign investors lies in the great opportunities for mining.

Mendes said that CRECI Minas Gerais

was available to facilitate potential deals with foreign investors in mining and other key industries, including agriculture, and cuisine, for which the state is famous.

CRECI’s 27 regional real estate bodies reflect Brazil’s federal system of states.

The network of CRECI councils works in partnership with COFECI nationally and internationally to promote the Brazilian market to the world.

CRECI state presidents: Tibério Benevides (left), Ceará region; Ricardo Mendes, Minas Gerais; and Nilson Araújo, Bahia

Arcadis’ Christian Goldsmith

FLEXIBILITY IS KEY TO DATA-CENTRE DEVELOPMENT INVESTORS and developers face unique challenges in the data-centre sector, which make understanding its complexity essential, according to Christian Goldsmith, data centre global solution lead at Arcadis. “Scaling data centres and particularly hyperscaling an AI data centre is a challenge to investors and developers, because the traditional delivery models don’t work,” Goldsmith said.

Parallel demands, including marrying power, land, investment and end-user, have to be managed carefully even before the design and development process begins. “You can’t speculatively build a data centre. The securities and covenants that traditional developers and investors are used to are very different as well,” he said.

Flexibility of design is essential, Goldsmith added: “You’ve got complex problems with your funding and investment in the actual building itself, because the shell has a lifespan of 30 to 40 years, but the equipment that goes inside might only have a five-to-10-year depreciation, so you’re going to need to effectively refit the building every five years. Most real estate developers and investors aren’t used to that.”

MIPIM NEWS | MARCH 12

ETIENNE Prongué, head of international investment group at BNP Paribas Real Estate, probably summed up the general mood of MIPIM: continue with cautious optimism about the market in 2026 for now.

“There is volatility from the situation in the Middle East, but volatility is normal.

We’ve had Brexit, COVID, Ukraine — investors have had to deal with a lot.”

He said BNP Paribas had a strong pipeline of sales coming up in about six weeks and assumed competitors had similar plans in line with usual market timing.

“Investors don’t have to spend now, they can continue the work setting up deals.

In six weeks there should be clarity about the geopolitical situation.”

Existing market optimism was justified, he said. Interest rates were coming down slowly and inflation at the right point (apart from UK) supporting reasonable, but not excessive, growth. “If you are in the right areas, which is strong locations and good quality buildings, you can see strong

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REAL estate companies looking for quick-fix AI models or short-term projects will not get the results they are looking for, warned Josh Panknin, director of real estate AI research and innovation at Columbia University, in a lecture on understanding AI. He said that, instead, the industry needs to examine how it creates data and how that can be applied in meaningful rather than generalistic applications. Many companies, he added, are investing in AI “out of FOMO” rather than because they have a clear strategy or applications for AI. “We need to get away from the hype and the storytelling, because that leads to unrealistic expectations and then frustration,” he said. “Instead, we need to remember there is a difference between the text book and the real world and we need real estate companies to try and apply their industry experience to create more meaningful data and ultimately outcomes.”

Panknin said that much of the prob-

lem stemmed from the desire to create models that could assess, for example, multifamily-home values, but which inevitably attempt to evaluate as many properties as possible and, by doing so, become too generic and vague, there-

Columbia University’s Josh Panknin

fore creating unreliable results.

“We need real estate professionals to be working to ensure that the machine learning understands all the small nuances between properties,” Panknin added.

“Right now, there is a communications gap and the real estate industry needs to learn how to become translators for these AI processes, then combine this with the computational abilities of technology.”

Panknin was joined on stage by Shawn Lese, Nuveen’s chief investment officer and head of funds management, Americas, who said that real estate investors are at the start of applying AI within their businesses and often incorrectly assume that rivals are ahead of them in deploying machine learning.

“Traditionally real estate has been a laggard in using technology,” he said. “Right now, we are all throwing a lot of money at AI. However, things are changing quickly.

The use areas we have today are unrecognisable from even six months ago.”

Living Workshop shares best practice MIPIM 2026 continued its deep dive into the living sector on Wednesday with the thought-provoking Living Workshop: Delivering Scale And Sustainability In A Supply-Starved Market.

The prevailing view is that the living sectors remain resilient, with investors committed to asset classes including build-to-rent (BTR), purpose-built student accommodation (PBSA) and branded residences. However, the people-centric nature of the sector brings innate complexities, not the least of which is the affordability of housing.

The purpose of the Living Workshop was to address these through a framing keynote, an expert panel and a series of roundtables exploring affordability, asset classes and related topics such as co-living and later living.

Moderator Alex Notay of The Housing Forum in the UK set the scene by saying the goal of the day was to “share some of the global best practice, identifying tailored local solutions to universal challenges”. He then conducted a one-on-one interview with New York City Housing Authority’s Joy Sinderbrand, who ran through some of the challenges of delivering public housing

The Living Workshop expert panel

in one of the world’s biggest cities.

Sinderbrand said a key issue was the range of population sub-groups that struggle with affordability, from public workers to seniors. “Our households are very diverse, but 45% are run by seniors which, for us, means over 62. This is a low-income population that would be pushed out of New York City without public housing.”

The panel looked at where capital is scaling across living sub-asset classes and how value is being created through operating models, ESG-linked finance and cross-border expansion. Speakers included Swiss Life Asset Managers’ Loïc Bouchard, Grey-

star’s Rafael Fernández-Villaverde, L&G’s Emma Long, DWS’ Ulrich von Creytz and Rzk Empreendimentos’ Silvia Gomes.

Von Creytz said that Spain and Australia offer significant built-to-rent opportunities at present, while Gomes discussed the pressure that high-interest rates place on families in middle-income brackets.

Long said: “We have a residential-living platform invested across built-to-rent, single families, student accommodation and affordable housing. One of our key principles is about creating supply. That’s why we went into the build-to-rent market, because we wanted to create what wasn’t there.”

The Invest In Asia panel

APAC UNPACKED AT INVEST IN ASIA YESTERDAY’s Invest In Asia session threw the spotlight on APAC real estate investments — and the clear message was that Japan, Korea and Australia are all regarded as attractive for investors.

JLL’s Pamela Ambler shared data showing high levels of liquidity in Japan and Korea, with offices accounting for a high proportion of overall transactions.

Alyssa Partners’ Chedli Boujellabia explained that the Japan-focused management platforms’ investment is split across Tokyo, Osaka, Nagoya and Fukuoka, with a strong focus on residential. He said Alyssa “has very strong convictions in this asset class, particularly the middle-class residential sector.” Rava Partners’ Claire Tang, said “data centres and multifamily living are a big strategy for us”. She added: “Logistics also continue to have very strong fundamentals, as well as social infrastructure relating to education and life sciences.”

IFM Investors’ Amanda Steele provided insights into Australia, where her company has a wide portfolio. “We are just 0.3% of the global population, but continue to rank [as a] key destination for investment,” she said. “I think that’s because of Australia’s high-quality assets and great ESG credentials.”

MIPIM NEWS | MARCH 12

AI models require real data, not ‘FOMO, hype and storytelling’

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Lessons in how sport can up the city-regeneration game globally” in terms of attracting investment.

“It’s even better if you can combine the two,” he said. “In terms of engaging local communities, sport is what people get and many cities use sport to unlock investment.”

Coe is working in tandem with Collette Roche, CEO new stadium development, Manchester United, who is charged with delivering a new 100,000 seat stadium and she said that the club had now created the platform to reach out to potential investors.

“We have 170,000 people on the waiting list for a season ticket, so the demand is proven,” she said. “I also think in terms of long-term investment, we’ve been there 150 years and hopefully we’ll be there another 150 more. That gives investors confidence.”

Cllr Huw Thomas, leader of Cardiff Council and deputy chair, Cardiff Capital Region, also pointed to the impact of the

Principality Stadium in the heart of his city and the economic benefits it brought to the hospitality sector especially. The council is now working to develop an arena as part of the Cardiff Bay regeneration, along with a tram system.

“We have regenerated the CBD all the way from the stadium to the railway sta-

Property Week’s Lem Bingley (left); Lord Sebastian Coe; Manchester United’s Collette Roche; Cllr Huw Thomas and Newcastle City Council’s Pam Smith

MIPIM NEWS | MARCH 12

THE DEVELOPMENT of major sports stadia can deliver huge investment opportunities to a city through the “unique credibility” that they create, according to Lord Sebastian Coe, chairman, Old Trafford Regeneration Mayoral Development Corporation.

Coe is part of the team tasked with creating economic and regeneration opportunities around a revamped Old Trafford stadium, home to Manchester United football team, having spearheaded the enormous redevelopment that continues to go on around the former 2012 Olympics stadium in Stratford, East London.

Speaking as part of a panel called From Pitch To Place: How The UK Is Attracting Global Investment Through Sport-Led Regeneration, he said that sports and entertainment represented “the two great IPs

tion since its construction in 1999 and it has been a major boost to the city,” he said.

Pam Smith, chief executive, Newcastle City Council, added that a sports club redeveloping a stadium within a city represented a “great vote of confidence in that city” and underlined the importance of sport, culture and creativity in underpinning the ambitions of the host city. That in turn attracted investors, she maintained.

“And for the city, it’s about maximising what goes on inside, outside, benefitting the businesses and giving visitors a great experience.”

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