Published: 16 March 2017
Area of Law: Real Estate
Keep calm and carry on at MIPIM
MiPIM is the international property event held in Cannes every year. The biggest property event of its type in the world, it attracts thousands of professionals from across the globe. Brendan Walsh gives his views from the south of France.
It’s MIPIM again. Myself and four colleagues from Shakespeare Martineau are here in Cannes to do business, make new contacts and place ourselves at the forefront of not only the national, but the international stage.
Ten years ago the regional development agencies co-ordinated the Midlands teams.
Towns, cities and regions would compete against each other to win a piece of the RDA's budget, and the East and West Midlands missed out as city regions such as Manchester powered ahead with inward investment and property development on an unprecedented scale.
Times have changed. This year, Shakespeare Martineau is a proud sponsor of a truly Midlands-wide delegation. The first ever Midlands Pavilion was launched at MIPIM by Sir John Peace on Tuesday.It’s the first time ever that the East and West Midlands has come together for true collaboration.
City leaders from Coventry and Lincoln are rubbing shoulders with those from Nottingham, Birmingham and Derby.
Sitting just opposite Manchester’s stand on the beach and very close to London, the Midlands Pavilion presence is attracting a lot of attention The pavilion is buzzing with crowds coming to take a peek at the Midlands’ first ever true collaboration.
As a MIPIM regular, what do I see? I am pleased to see the local authorities and the LEPs with a combined approach. These organisations are no longer disparate, but they have come together as a Midlands combined force – showing that there is a Midlands plan which complements and doesn’t overlap or clash. There are more developers here in MIPIM this year and the event seems better attended than ever. Despite Brexit, there is a great deal of interest in the UK. I went to a global investors debate and it was observed that the Midlands was doing well – and will fare better than London after Brexit. They said that investors would look outside London for opportunities. There may be short term political problems such as the upheaval in the UK, the US and France, but globally, there remains a great deal of optimism for the UK’s approach.
The messages from MIPIM this year? It’s business as usual. Everyone is busy getting on with it. Or, perhaps the over-riding message from Cannes this week is ‘keep calm and carry on’