MIPIM 2013 NEWS 3 by RX REAL ESTATE SHOWS

mipim nEWs ®

DAY

Thursday 14 March 2013

www.mipim.com

COUNTRY OF HONOUR

Turkey is growing, says Ali Babacan See page 4

INNOVATION FORUM

Maas calls for vertical villages See page 10

MINISTERIAL VISIT

Leader's league Visit us: Level 01, Booth 10.01 – 08.02 Moscow must modernise, says Khusnullin See page 18

We invite you to visit the events of the MIPIM 2013 business programme Contact us: mipim2013@kortros.ru

LOGISTICS

AEW targets growth markets See page 20

www.kortros.ru

Contents NEWS

mipim

+ hedule

s 4 4URKISH CONlDENCE HIGH s "ARCELONA OPEN FOR BUSINESS s 'REECE SELLS STATE ASSETS s -AAS APPEAL

Sc RENCE #ONFE ME PROGRAM P30

MIPIM INNOVATION FORUM The MIPIM Innovation Forum is located right next door to the Palais des Festivals in the Gare Maritime. It showcases the latest in design and technology and is a meeting place for everyone interested in the future of property.

mipim neWs 3 ÂŽ

4HE -)0)- .EWS TEAM IS LOCATED IN THE 0ALAIS DES &ESTIVALS ,EVEL 4HE OFlCIAL -)0)- DAILY NEWSPAPER Thursday 14 March 2013

$IRECTOR OF 0UBLICATIONS Paul Zilk $IRECTOR OF #OMMUNICATION Mike Williams %$)4/2)!, $%0!24-%.4 %DITOR IN #HIEF Graham Parker .EWS %DITOR Doug Morrison 2EPORTERS Ben Cooper, Mark Faithfull, Tony Hazell, Mark Moore, Steve McCormack, John Ryan, 3UB %DITORS Debbie Lincoln, Julian Newby, Joanna Stephens #OPY %DITOR Chris Newby 4ECHNICAL %DITOR IN #HIEF Herve Traisnel $EPUTY 4ECHNICAL %DITOR IN #HIEF Frederic Beauseigneur 'RAPHIC $ESIGNERS Muriel Betrancourt, Veronique Duthille, Carole Peres (EAD OF 0HOTOGRAPHERS Yann Coatsaliou / 360 Media 0HOTOGRAPHERS Christian Alminana, Olivier Houeix, Michel Johner, Yohann Mortier %DITORIAL -ANAGEMENT Boutique Editions. 02/$5#4)/. $%0!24-%.4 0UBLISHING $IRECTOR Martin Screpel 0UBLISHING #O ORDINATORS Nour Ezzedeen, Emilie Lambert, Amrane Lamiri 0RODUCTION !SSISTANT #ANNES /FlCE Eric Laurent 0RINTER Riccobono Imprimeurs, Le Muy (France). Reed MIDEM, a joint stock company (SAS), with a capital of â&#x201A;Ź310.000, 662 003 557 R.C.S. NANTERRE, having ofďŹ ces located at 27-33 Quai Alphonse Le Gallo - 92100 BOULOGNE-BILLANCOURT (FRANCE), VAT number FR91 662 003 557.

mipim

neWs STRASBOURG AND MULHOUSE UNVEIL ALLIANCE THE EASTERN French cities of Strasbourg and Mulhouse have come together at MIPIM to form a metropolitan alliance at the heart of the Alsace region. Under the banner Pole Metropolitan StrasbourgMulhouse, Jacques Bigot, president of the Strasbourg urban community, and Jean Rottner, mayor of Mulhouse, delivered a presentation highlighting the role of the urban agglomeration in regional terms, and outlining the synergies that will be achieved thanks to the alliance. Together, the two cities are home to 730,000 inhabitants. By joining forces, the city fathers hope to increase their visibility within Europe, as well as promote the development initiatives that are under way or planned for the near future. In addition to two international airports, the area is at the centre of a network of TGV lines and motorways, being close to both Switzerland and Germany. In practical terms, the alliance will see the joint promotion of a series of development projects, including a new quarter to the south of Strasbourg city centre comprising a new port area and 250 homes. Strasbourg will also beneﬁt from new ‘creative’ and international business quarters. Mulhouse will beneﬁt from extensive urban renewal and an improved transport network. Some €36m has been earmarked for the creation of Mulhouse Grand Centre, which will see the refurbishment and renewal of large parts of the Alsatian metropolis’ heart.

Conﬁdent Turkey is growing — and growing up, Babacan says

Deputy prime minister Ali Babacan: “Conﬁdence is very high”

ONFIDENCE has been the key to Turkey’s huge recent and ongoing economic growth, the country’s deputy prime minister said at MIPIM. In a keynote speech yesterday, Ali Babacan, deputy prime minister of the Turkish Republic, said: “Confidence is very high in Turkey by whatever yardstick is used to measure it. Confidence is good for investing and good for spending. This confidence applies both to the private sector and to the central authorities.”

Babacan said this confidence was based on a number of factors. “It’s because we have clear targets, based on clear economic programmes. We also have a firm commitment to the continuity of those programmes. The programmes are consistent. We have also removed red tape and made it easier to invest in Turkey. That builds confidence. We have a strong equitable and transparent legal framework. And we are navigating a successful course between regulations and a freer market. These factors have helped create confidence

in Turkey and are the main drivers of Turkey’s economic success.” Turkey’s GDP has tripled over the last 10 years and its economy grew by 9.2% in 2010 and 8.5% in 2011. Babacan pointed to OECD ﬁgures that indicate Turkey will be the country with the highest growth potential in the world over not only the next 10 years, but over the next 20 too. “But for those forecasts to turn into reality, we need to build up the middle class and establish the rule of law in Turkey on a rock-solid foundation. That’s the way forward for Turkey.”

ADDRESSING a rapt audience at yesterday’s conference session at the MIPIM Innovation Forum, European Commissioner for Energy, Guenther Oettinger, delivered a keynote on the key challenges of the EU energy policy

We acquire premium real estate assets. You require a strong partner. Do you have property in core locations for sale? Then talk to one of Europe‘s leading investors. ‡

Real estate assets under management of EUR 23 billion.

‡

455 objects worldwide in over 23 countries.

‡

Transaction volume in 2012 of more than EUR 3.7 billion.

: it us at MIPIM Come and vis .07. Riviera, R 33 stand Espace

Deka Immobilien GmbH

mipim

neWs FOCUS ON PRIME POLISH LOGISTICS ASSETS PAYS OFF FOR SEGRO LOGISTICS specialist Segro is reaping the beneﬁts of focusing on prime assets in Poland, according to Magdalena Szulc, business unit director for Central Europe.

Port and rail are vital to Barcelona logistics role

She said industrial vacancies across Poland are running at 10%, while Segro’s portfolio only has 4% voids. Apart from two assets in Poznan and Warsaw, which were bought as standing investments, Segro’s entire Polish portfolio of 700,000 sq m has been self-built over the past seven years. “We only develop with pre-lets in place, and our focus on grade A buildings in prime locations is the most sustainable business model,” she said. She added that demand from third-party logistics companies was growing while retailers remained active as they looked to grow market share in Poland. But although 2012 was a record year for logistics property in Poland, Szulc said there were still question marks about the prospects for 2013. Among the challenges she identiﬁed was the difﬁculty of assembling sites large enough for major distribution facilities because of Poland’s fragmented pattern of land ownership.

Segro’s Magdalena Szulc

Elisabet Cirici and Carlos Perramon, both of Incasol, representing the Government of Catalonia

EVELOPMENT of Barcelona’s port and its integration with the Catalonian rail network will prove vital to the development of the city and region as a major logistics gateway between Northern Europe and Africa. Elisabet Cirici, deputy director of land and housing, Incasol, representing the Government of Catalonia, said that the regional authority remains keen to encourage inward investment into the area and that the public authorities are working with private companies from the region to help achieve this at MIPIM. Cirici said: “The development of the whole region — not just Barcelona — as a logistics gateway is vital to the economics of the region and we have a number of areas of land which are available, with developed infrastructure. “As part of that we have already refur-

.(1*2 .XPD RI DUFKLWHFWXUH ¿UP Kengo Kuma & Associates yesterday spoke to a fascinated audience about sustainable urbanism. His talk was called Japan After the Disaster Seen By The Urbanism Plan. His current projects include the museum at the China Academy of Art. Kuma last year received the Japan InformationCulturology Society Award and the 6th Asiagraph Award.

bished the port area, which is also important to help the tourist industry because of the number of cruise ships which come in, and its links with the railway.” Although the regional government has plans for an extensive broadening of the infrastructure underpinning the logistics plan, which includes a number of cities — Girona being one of them — Cirici said that developing three key schemes was the priority before further projects were considered. “Parc de l’Alba, Can Sant Joan and Ca N’Alemany are all well developed and sit in important strategic positions to access Barcelona, which is a city constricted by the sea and the mountains,” she said. To the south of Barcelona, Tarragona is also an important trading port and particularly serves the oil industry. Cirici said that this would also be a focus for redevelopment, further bolstering the logistics infrastructure.

MontrĂŠal Safe Investment in a Creative Space Stand 19.02

mipim

neWs Peter Woodward @decten1

SOCIAL MEDIA - Tweet success

#mipim ‘First stage of becoming smarter is knowing how stupid you are now’ Frank Butstraen, Walloon IT Innov centre at MIPIM Innov Forum UKR SIGNS DEALS FOR DERBY AND NOTTINGHAM CANNES was the venue yesterday for the launch of an urban village development on the site of the former Derby Royal Infirmary. Derby Hospitals NHS Trust has agreed to sell 3.2 ha of land to the regeneration and development company UK Regeneration (UKR). UKR is now seeking planning permission to build a new urban village, known as the Nightingale Quarter. This development will feature around 300 homes for rent, plus retail, dining and other amenities. This is UKR’s second land deal in the Midlands, with the contract to buy a site in Nottingham signed earlier this week, where UKR will develop around 200 new homes for rent. “UKR is developing privately-rented homes for people who do not wish to commit to home ownership, with superior quality and designs of homes that form a community and reflect the reality of sharing,” said UKR chief executive Jackie Sadek. “The Nightingale Quarter is an exemplar site for UKR’s urban village developments planned for key locations across the UK.” Work on site will begin in November 2013 and the first homes will be delivered by October 2015.

Tweet trafﬁc is up

36%

over 2012 for Day 1! For more details, visit http://mipimworld.com or our facebook page.

Greece launches auction site to sell property online

REECE’s Public Properties Company is back at MIPIM and open for business. The company has a staggering array of more than 70,000 titles ranging from small storage sheds to 14 former Olympic venues and a ski resort covering three mountains. All are available for potential investment. And in an innovative move the business is setting up its own eBay-style operation to sell smaller properties via an auction website. Potential buyers can pick a location and search to find which property is available. Purchases may be made by an electronic sealedbid system or a competitive-style auction. Gregory Dounis, CEO of Public Properties Company, said: “This is a great opportunity to invest in Greece. The chances are that we will have the type of property an investor wants — and if we do not have it we can

point them in the right direction.” Public Properties Company is a merger of three former state-owned property companies which had separately handled tourism, Olympic and finance ministry properties. In all it manages 71,459 public properties with a total area of more than 3.4 trillion sq m, 14 Olympic properties covering almost 4.8 million sq m and another 277 tourist properties including ski resorts, hotels and marinas. Among those being brought to market this year is the Vouliagmeni private beach, 20 km from Athens. Two thermal springs on the island of Kythnos that have been closed since 1999 are also available. Dounis said that, with Greece’s renowned tourist reputation, these represent remarkable opportunities. But perhaps the most intriguing properties are the former Olympic venues. The company is calling for ideas

Gregory Dounis, CEO of Greece’s Public Properties Company

as to how the Equestrian Centre of Markopoulo can be redeveloped. With a land area of more than one million sq m and 33,000 sq m of buildings the centre offers a unique opportunity for an imaginative investor. Larger properties and projects will be made available on a concession basis by competitive tender. Investors will be given the rights to the property for an agreed period depending on the level of investment. Smaller properties can be bought outright.

Big names join forces for Vadistanbul THE THREE-kilometre long Vadistanbul project on the Belgrade Forest side of Istanbul’s business district of Maslak is one of the major projects currently underway in Turkey’s largest city. Artas Grup, Aydınlı Grup and Kelesoglu Insaat, some of the leading names in Turkish construction, have joined forces to develop one of the biggest projects in Turkey, Vadistanbul.

Vadistanbul is being developed on 424.000 sq m of land. Alongside the Sadabad River, there will be 3,000 apartments, a 55,000 sq m shopping mall and a 700-metre-long street with 28,000 sq m of retail outlets, restaurants, 240,000 sq m of ofﬁce space and 48,000 sq m of leisure facilities and hotels. According to Alpay Cepni, executive board member at Vadis-

tanbul, one of the strongest features of the scheme is that it will act as a cleansing and refreshing valve for Istanbul’s famous creek, the Golden Horn. “We cut a channel to bring in seawater at one end of the river Sadabad, and another channel to let it out at the other end, and together the two channels will act to refresh the water in the Golden Horn.”

mipim

neWs BRE TO SUPPORT BLUE GATE ANTWERP EXHIBITING at this year’s inaugural MIPIM Innovation Forum, Building Research Establishment (BRE) — the global authority on sustainability — has announced its involvement with the Blue Gate Antwerp project. The BREEAM Communities assessment method will be used as a framework for identifying key sustainability opportunities and as a tool for facilitating discussions between developers and local authorities. BREEAM Communities is designed to help professionals create places in which people want to live and work, and that are good for the environment and economically successful. Blue Gate Antwerp is a brownfield site to the south of the Belgian city’s centre. It is being redeveloped, in collaboration with the Flemish Region, into an eco-effective business park. To date, over 250,000 buildings have been BREEAM certified and more than one million registered for certification in 50-plus countries. Highly flexible, the BREEAM standard can be applied to a wide range of building types and locations, with versions for new buildings, existing buildings, refurbishment projects and large developments. Buildings are independently assessed for their performance in energy and water use, health and well-being, pollution, transport, materials, waste, ecology and management.

Maas calls for vertical villages to replace ‘boring’ city design MVRDV’s Winy Maas: encouraging professionals “to do better”

PEAKING at yesterday’s MIPIM Innovation Forum, Winy Maas, director at architect at MVRDV, challenged real estate professionals to think outside the box when considering the design of our future cities. In his introduction to the keynote panel discussion, Can Skyscrapers Be Sustainable?, Maas introduced the concept of making our cities more open and porous through innovative design. Rather than the traditional “boring” approach to

building design, which results in structures that he described as looking either like a “pebble or a rocket”, Maas illustrated how high-density structures can be designed to resemble vertical villages. Referring to the exhibition of Lego-built skyscraper models showcased in Cannes this year, he explained how studies into the theory of porous developments are producing a wide range of options for opening up traditional tower blocks. Not only do these provide interesting dynamic environments in

which to work and live, but the inclusion of pocket parks and public open spaces add to the structure’s green credentials. Maas told his audience that the traditional approach to construction needed to be reevaluated and that events such as the Innovation Forum were key to the evolution of real estate design. He added: “It is a good thing to host events like the Innovation Forum at MIPIM to provide comment on the main market and encourage professionals to do better.”

INTELLIGENT CITIES A GLOBAL focus for topics related to the development of intelligent cities — the MIPIM Innovation Forum — is being held for the ﬁrst time this year in the Gare Maritime, a short walk from the main entrance to the Palais des Festivals

Best Office Nominated for lopment e & Business Dev QUAIRE Vote for THE S ward.com e-a www.thesquair

THE PERFECT LOCATION FOR

GLOBAL PLAYERS THE SQUAIRE, Frankfurt Airport A project of IVG Immobilien AG

HAPPIER EMPLOYEES. THANKS TO THE NEW WORK CITY CONCEPT: THE SQUAIRE offers a working environment that fosters productivity and motivation. The infrastructure is tailored to everyday working life with restaurants, stores, doctors, ﬁtness studio, day-care centre and various services.

MORE TIME. BECAUSE THE PRIME LOCATION BRINGS PEOPLE TOGETHER QUICKER: THE SQUAIRE is situated at one of the major European transport hubs – within walking distance of Frankfurt International Airport, above the ICE long-distance train station, and just off the A3 motorway.

MORE CLIENT CONTACT. BECAUSE YOUR CLIENTS REGULARLY PASS BY: 150,000 air passengers, 23,000 rail passengers and 300,000 vehicles pass through here every day. And that includes many of your clients, whom you can meet at the drop of a hat right on your doorstep.

Visit us at MIPIM: Palais des Festivals, Espace Riviera, R 33.07 FURTHER INFORMATION: +49 (0) 69 606050-1500 . www.thesquaire-award.com

mipim

neWs ALAIN JUPPE VISIT

Long-term forecast bright for Turkish investment climate

M FORMER French prime minister and foreign affairs minister Alain Juppe visited MIPIM yesterday. His tour of the Palais des Festivals and the surrounding pavilions took in a number of stands in the Grand Paris exhibition area.

IPIM Country Of Honour, Turkey, is set to see unprecedented growth over the next 10 years, according to Ozlem Gokce, vice-chairman of real estate investment trust association GYODER, and general manager of Extensa Istanbul, speaking yesterday at MIPIM. Outlining the future for both Istanbul and her country as a whole, Gokce said that, from almost every angle, the prospects for the Turkish real estate market look positive. She noted that upwards of 500,000 additional hotel beds would need to be built over the next decade to accommodate the anticipated uptick in tou-

rism. There will also be a requirement for 6.5 million new residential units to deal with a society that is increasingly urbanised, but where household size is shrinking rapidly. Gokce also said that Turkey has 19 cities with a population of more than one million, and in these secondary cities opportunities exist for retail and shopping-centre development. She was joined by Mehmet Ali Kahraman, general director of the General Directorate of Spatial Planning (GDSP) at the Turkish environment ministry, who provided an overview of the planning environment and the “mega” projects in the pipeline. He was followed by Buket Hayretci, first vice-president,

Aareal Bank, Istanbul representative ofﬁce, who provided the ﬁnancial backdrop. The central message was that Turkey looks set to remain one of the most attractive investment markets in the world for the foreseeable future.

GYODER’s Ozlem Gokce: Turkey set for unprecedented growth

HELP REACH THE TOP AT MIPIM AWARDS 2013 UNICREDIT TOWER AS “BEST OFFICE AND BUSINESS DEVELOPMENT”

UNICREDIT TOWER is a business centre designed by Pelli Clarke Pelli Architects within Porta Nuova, one of the largest urban regeneration projects in Europe, located in the centre of Milan. The tallest and most innovative office building in Italy, it has recently been awarded with the prestigious international LEED® Gold certiﬁcation.

www.porta-nuova.com

www.hines.com

mipim

neWs PRADERA TARGETS NEW DEALS IN ‘IMPERFECT’ MARKET

Russia and Japan sign Cannes deal for Solontsy City project

RETAIL warehousing is the immediate target for fund manager Pradera, which has circa €170m to place over the net few months for its latest fund. Managing director Neil Varnham said that the company was also progressing on a number of other projects, including the possibility of a “signiﬁcant” European shopping centre deal.

The retail park fund is operated in a joint venture with Brockton Capital, created to selectively acquire a portfolio of retail parks throughout the UK The partnership has jointly committed sufﬁcient equity to enable a gross portfolio value of approximately €285m to be acquired. Varnham said: “We are very open to how we progress with acquisitions, on our own, as joint venture partners or as a segregated mandate. I think what draws investors to us is that we are not a balanced fund, we are all about retail. That means going and seeing retailers week in week out to build relationships and to help understand what they want.” However, Varnham also warned that placing investment was not easy in the current climate. “It is a process of weeding out the interesting deals,” he said. “It is an imperfect market. Some schemes are over-valued and some are under-valued, it’s a question of sorting the wheat from the chaff. Just because something is disproportionately cheaper than it was, that doesn’t mean you should go out and buy it.”

N AGR EEM EN T for the master planning of a 210 ha urban development in Krasonyarsk, eastern Russia was signed at MIPIM on Tuesday. Nikken Sekkei, one of Japan’s leading architectural design ﬁrms, has been appointed by Russian developer Monolitholding to plan the Solontsy City project, north of Krasnoyarsk — the economic and cultural centre of eastern Russia. Solontsy City will be an innovative residential development serving the pressing needs for quality mid-income class housing. This is the third visit to MIPIM for the Japanese ﬁrm and its previous experience of the market lay behind the decision to sign the deal at MIPIM. “We are very much delighted with the previous working relationship with Monolitholding in designing the masterplan for Krasnoyarsk City and with the expertise of Nikken Sekkei in

Sealing the deal: Razim Abasov (left), chairman of Monolitholding, Nakamura Mitsuo chairman of Nikken Sekkei and Kazim Abasov, deputy chairman of Monolitholding

the comprehensive integration of urban planning, architecture, and landscape design, I am conﬁdent that this project will be another success. We are witnessing a new wave of ‘smart cities’ in Russia, and this project has potential to implement innovative concepts,” said Nakamura Mitsuo, chairman of Nikken Sekkei.

Monolitholding is a developer and construction company in eastern Russia, headquartered in Krasnoyarsk. Since 1990 the company has commissioned over 1.5 million sq m of real estate projects. Nikken Sekkei‘s Shibuya Hikarie Complex in Tokyo has been shortlisted as a finalist in this year’s MIPIM Awards.

The proposed Solontsy City development north of Krasnoyarsk in eastern Russia

Finalist for Best Hotel & Tourism Resort MIPIM 2013, Awards Gallery Developer: Prime Development Ltd. Concept Architect/Interior Designer: Antonio Citterio, Patricia Viel and Partners Project Architect: Squire & Partners www.bulgarihotels.com/en-us/london/ www.prime-development.co.uk

BUSINESS GROWTH OPPORTUNITIES Brazil Russia Turkey

CONTACT Laurianne DICECCA Laurianne.dicecca@reedmidem.com

www.mipim.com

11 - 14 MARCH

2014 Palais des Festivals

Cannes, France mipim.com

In 2014, MIPIM honours three key property markets

In partnership with

mipim

neWs

Moscow, looking for infrastructure investment

THERE are scientific approaches to prognostication about property markets and there are anecdotal approaches. Thankfully MIPIM allows a mix of both and we all come here to “gauge the mood of the market” etc and one of the best descriptions of the improved mood this year was “grounded optimism”. More scientifically, while at MIPIM, property consultant DTZ published a preview of its forthcoming Great Wall of Money report, revealing that, globally, new capital available for investment in 2013 is up 3% to $320bn from the $311bn reported six months ago. This growth has of course occurred despite the fact that economic recovery remains uncertain, the environment for fund raising remains a challenge and while investors are still coping with losses on previous investments. However, the research highlights that the capital increase has occurred in all regions except here in EMEA (Europe, Middle East, Africa). This region has seen available capital slip 1% from $115bn to $114bn, contrasting the 8% rise to $124bn in capital targeting the Americas and 3% hike to $82bn in that aimed at the Asia Pacific region. But as DTZ chief John Forrester pointed out in a meeting on Bettina, the yacht the company charters in Cannes, generalising about Europe is rather hard to do given that it is not a homogenous market. For references to the UK you can substitute “London” and likewise “France” with “Paris”. Furthermore, EMEA is a pretty big and disparate region in which Africa has frequently been an afterthought. That may soon need to change though. Forrester himself has fielded at least five hefty enquiries directed at that continent so far this week.

©iStockphoto.com/Dmitry Mordolff

Every day this MIPIM, Paul Strohm, editor of EuroProperty, shares insights from the European real estate publication’s research database

Moscow must modernise and expand, deputy mayor says

OSCOW’s deputy mayor has laid out his vision for the future of the Russian capital with ambitious expansion plans and a raft of new infrastructure goals for the city. Speaking to MIPIM News deputy mayor Marat Khusnullin, who has responsibility for city development and construction, said that in order to achieve the ambitious long-term goals for Moscow that his administration has set, Moscow needs to physically grow, as well as improve the existing infrastructure. He said: “The rapid development of Moscow is impossible within existing boundaries. With the integration of new territories the city gets the opportunity to implement largescale projects that can be successfully added to the existing metropolitan infrastructure and at the same time conserve the capital’s individuality”. Khusnullin, who is at MIPIM promoting Moscow to the international real estate community, stressed the need to press ahead with modernising and expanding the city to maintain its role as a driver of the Russian economy. He highlighted the raft of opportunities to invest in Moscow, in particular the new districts and areas of the city which are emerging thanks to a number of signiﬁcant

Moscow deputy mayor Marat Khusnullin

development projects in 12 key points of the city identiﬁed as being vital for its wider economic growth. He said: “We want to bring investment for the development of the city, for the projects able to boost economic and social activity the most. We offer investors a partnership with the Moscow government which assumes sharing both expenses and proﬁts from newlybuilt facilities.”

RINO COM

US$ 30 billion reasons to come to our seminar. The Brazilian state of SĂŁo Paulo has PPP projects in many sectors, such as housing, transport, education, security and health. Itâ&#x20AC;&#x2122;s a US$ 30 billion investment program designed for you.

About the state:

SĂŁo Paulo is the most developed state in Brazil. A place in constant growth that offers many opportunities for investments and businesses. To support your investment decision you can count on Investe SĂŁo Paulo. Our team is ready to advise you in areas such as: taxation, environmental regulation and infrastructure. And the best thing is: we can help you for free. There is no reason for you to lose our seminar. THURSDAY 14 MARCH - P.M.: 16:00 â&#x20AC;&#x201C; 17:00 AGORA ROOM - LEVEL 1 - AISLE 01-03 'VSUIFS JOGPSNBUJPO 3FOBUP #BSSPT r r SFOBUPCBSSPT!JOWFTUFTQ PSH CS

Visit our website www.investe.sp.gov.br

mipim

neWs NEW ALLIANCE BRINGS NEW OPPORTUNITIES SWEDISH property group Catella has signed an international alliance with UK agents Strutt & Parker. The alliance, which takes immediate effect, will see Catella and Strutt & Parker use their combined strength in Europe’s main business centres and provide their commercial clients with access to new international markets. Strutt & Parker will assist Catella in introducing its clients to new commercial opportunities in London and across the UK. In turn, Catella’s pan-European organisation will enhance Strutt & Parker’s international presence and allow it to identify and explore new property solutions across Europe for its clients.

AEW targets Germany and Netherlands for expansion

EW EUROPE is to expand its operations into Germany and the Netherlands as it seeks to take advantage of the strong performance and increasing demand for logistics buildings in Europe. The company will also target Poland once it has established “critical mass” in the two new Western European markets. Paris-based fund manager Remy Vertupier said that he was convinced that growth into new markets must be achieved through a global and local strategy, which is why the company would focus on selected markets. Vertupier said: “For us the future is not about diversifying into many markets but of creating strong portfolios in countries which enable us

to offer our occupiers ﬂexibility and choice.” Vertupier said that in order to satisfy the joint demands of occupiers and investors, such an approach was essential. “If you have a number of buildings, all in good locations, then you can provide flexibility through short or long leases, relocation of occupiers or reconﬁguration of sites to allow one occupier to grow and another to downsize,” he said. “This also provides the investor with reassurance that you do not simply create a vacancy but can redistribute occupiers around your portfolio but to do this you need a local team and critical mass.” He said that the rise in e-commerce distribution and third-party providers had significantly increased the demand for space, with supply

AEW’s Remy Vertupier: “The time to invest in logistics is now”

and demand compounded by the lack of speculative development. Vertupier said: “Logistics is really an income play, because capital appreciation is typically very low. So investors want strong income growth and reliability. In my view we will see yields further decrease because of the lack of supply and this will also introduce some capital growth. So the time to invest in logistics is now.”

caixa.gov.br

THE BRAZILIANS ARE THE OWNERS OF THE LARGEST 100% PUBLIC BANK OF LATIN AMERICA.

152 years of history, over 65 million clients, nearly 60 thousand service points in the country, R$ 1,3 trillion in assets, 36,4% of all savings account deposits in Brazil, 71,4% of all realty lending, the main Federal Government financial agent in social program implantation.Â The only Bigger image: Headquarters building of CAIXA in BrasĂlia.

Brazilian public bank to be considered one of the 150 largest in Latin America according to research performed by The Banker magazine (vol. 161, #1030, November 2011).

Come visit the GATEWAY NETHERLANDS PAVILION ” Best practices of inner city development”

“How sustainable is the Dutch property market?”

Tuesday 12 March, from 16.00 to 17.00, in Gaudi Room

Wednesday 13 March, from 17.30 to 18.30, in Gaudi Room

Speakers: Hi^Vc 7Zg\Zg GdhaVcY! <dkZgc^c\ BVndg! 8în d[ Dhad Cdgb 7djX]Zg! BVndg! 8în d[ BZY^X^cZ =Vi AZdcVgY =# @d`! BE6! 8:D 9ZeVgibZci [dg :Xdcdb^X VcY JgWVc 9ZkZadebZci! 8în d[ i]Z =V\jZ BhX =Vch KVc Gdhhjb! Egd_ZXi 9^gZXidg BV_dg Egd_ZXih! 8în d[ GdiiZgYVb! JgWVc VcY :Xdcdb^X 9ZkZadebZci Moderator: Egd[# <gZ\ 8aVg`! <adWVa 8î^Zh 6Yk^hdg! I]Z 7jh^cZhh d[ 8î^Zh AiY

Co-organiser: <G:H7 6hhdX^Vi^dc Speakers: GdWZgi 9^_X`bZZhiZg! 9Ze BVcV\^c\ 9^gZXidg! Oj^YVh 6bhiZgYVb 9ZkZadebZci D[ÄXZ ?ZgdZc <VaaZ! Edgi[da^dbVcV\Zg 6Xfj^hî^dc! B67 9ZkZadebZci GdZa KdaaZWgZ\i! 8]V^gbVc d[ i]Z 7dVgY d[ 9^gZXidgh! 6B Wk Moderator: :ahWZi] Fj^heZa! =ZVY d[ HjhiV^cVWâîn! <G:H7

Join us on stand 02.24-04.23, level 01

THE HAGUE CREATIVITY, INNOVATION AND SPIRIT OF COMMERCE

INTERNATIONAL CITY OF PEACE AND JUSTICE

Lî] V edejaVi^dc d[ '#' bâa^dc! i]Z XVeîVa gZ\^dc d[ i]Z CZi]ZgaVcYh h]dlh ^begZhh^kZ YZbd\gVe]^X \gdli] Ä\jgZh [dg i]Z cZmi '% nZVgh# I]Z 6bhiZgYVb gZ\^dc ^h ZXdcdb^XVaan higdc\! hiVWaZ VcY hjXXZhh[ja# 6bhiZgYVb ^h i]Z aZVY^c\ XgZVi^kZ gZ\^dc d[ :jgdeZ ^c gZ"jhZ VcY igVch[dgbVi^dc d[ kVXVci egdeZgi^Zh! lî] cZl ^ckZhibZci deedgijcî^Zh ^c ZkZgn eVgi d[ i]Z gZ\^dc ViigVXi^c\ ^ckZhidgh [gdb Vaa Xdci^cZcih# 6bhiZgYVb¼h fjVaîn d[ eaVXZ ^h `cdlc Vaa dkZg i]Z ldgaY/ lVa`VWaZ VcY W^`ZVWaZ# I]Z gZ\^dc ]Vh V igVYî^dc d[ Z[[ZXi^kZ XdgedgVi^dc WZilZZc i]Z ejWa^X VYb^c^higVi^dc VcY eg^kViZ XdbeVc^Zh! Vahd k^h^WaZ Vi i]Z B>E>B egZhZciVi^dc#

I]Z =V\jZ ^h ]dbZ id ]jcYgZYh d[ ^ciZgcVi^dcVa dg\VcôVi^dch VcY bjai^cVi^dcVah# Lî] V edejaVi^dc d[ *%%!%%% ^c]VWîVcih I]Z =V\jZ ]Vh V eaZVhVci XdhbdedaîVc Vibdhe]ZgZ VcY hinaZ# I]Z Xîn d[[Zgh V g^X] Y^kZghîn d[ a^k^c\ Zck^gdcbZcih VcY Vc ^YZVa b^m d[ XjaijgVa VcY hdX^Va [VXâî^Zh# I]Z =V\jZ ]Vh ZmXZaaZci XdccZXi^dch Wn gVâ! gdVY VcY eaVcZ# >ih ^ciZgcVi^dcVa Wjh^cZhh Xa^bViZ! ide fjVaîn ZYjXVi^dcVa [VXâî^Zh VcY i]Z ]^\] fjVaîn d[ a^[Z! XdbW^cZY lî] i]Z [VkdjgVWaZ 9jiX] iVm gZ\^bZ! bV`Z I]Z =V\jZ dcZ d[ i]Z bdhi ViigVXi^kZ Xî^Zh ^c :jgdeZ id hZi je V Wjh^cZhh# I]Z egZhZcXZ d[ ^ciZgcVi^dcVa XdbeVc^Zh hjX] Vh H]Zaa >ciZgcVi^dcVa! I"BdWâZ! VcY H^ZbZch VgZ iZhiVbZci id i]^h#

In partnership with:

www.haarlemmermeer.nl

www.am.nl

www.sadc.nl In partnership with:

www.zuidas.nl

www.potofamsterdam.nl

www.heijmans.nl

www.syntrusachmea.com

WORLD PORT, WORLD CITY

CITY OF CULTURE AND KNOWLEDGE

GdiiZgYVb ^h V ndjc\! YncVb^X! ^ciZgcVi^dcVa Xîn lî] V eVhh^dcViZan WZVi^c\ ]ZVgi# I]Z Xîn Xdci^cjZh id gZ^ckZci îhZa[ Vi V gVe^Y eVXZ! gZYZÄc^c\ VcY ZmeVcY^c\ îh VagZVYn ^begZhh^kZ h`na^cZ! egZhZci^c\ cZl XjaijgVa VcY hedgi^c\ ZkZcih id hjgeg^hZ VcY YZa^\]i ndj ZkZgn i^bZ ndj k^hî# >ih ZkZg"X]Vc\^c\ cVijgZ bV`Zh î V Xîn i]Vi ndj XVc gZY^hXdkZg i^bZ VcY V\V^c# GdiiZgYVb ^h/ " I]Z <ViZlVn id :jgdeZ! Vh :jgdeZ¼h aVg\Zhi! VcY dcZ d[ i]Z ide * bdhi ^bedgiVci edgih ^c i]Z ldgaY# " HigViZ\^XVaan adXViZY ^c i]Z :jgdeZVc bVg`Zi lî] ZmXZaaZci VXXZhh Wn gdVY! gVâ! V^g VcY lViZg# " 6c ZcigZegZcZjg^Va Xîn# I]Z Xîn¼h »gddb [dg ^cî^Vi^kZh¼ XdcXZei VcY îh ¼Ydlc id ldg`¼ bZciVaîn bV`Z i]Z Xîn V hiZee^c\ hidcZ [dg ZcigZegZcZjgh# " =dbZ id ide fjVaîn ^ciZgcVi^dcVa gZcdlcZY `cdlaZY\Z ^chiîji^dch VcY jc^kZghî^Zh! WdVhi^c\ V iVaZciZY VcY ]^\]an" h`âaZY ldg`[dgXZ#

JigZX]i¼h edejaVi^dc! ZXdcdbn VcY ZbeadnbZci Ä\jgZh \gdl hiZVYân ZkZgn nZVg! YZheîZ i]Z cVi^dcVa VcY :jgdeZVc Xg^h^h# JigZX]i¼h XZcigVa adXVi^dc! Vi i]Z XgdhhgdVYh d[ ^ciZg cVi^dcVa ]^\]lVnh VcY gVâgdVYh ^h Vh ^bedgiVci Vh ZkZg# I]Z ]^hidg^X ^ccZg Xîn VgZV WjooZh lî] h]deh! ZciZgiV^cbZci! Vgi VcY XjaijgZ# JigZX]i ^h V higdc\ bZZi^c\ eaVXZ d[ iVaZci! YjZ id îh aVg\Z jc^kZghîn VcY bVcn `cdlaZY\Z gZaViZY ^chiîjiZh VcY XdbeVc^Zh# ;dgbZg hijYZcih hiVn ^c i]Z Xîn! VcY [dgb V ndjc\! ]^\]an ZYjXViZY ldg` [dgXZ# 8dci^cjZY ^ciZgZhi d[ XdbeVc^Zh VcY eZdeaZ id hZiiaZ ]ZgZ ^h iZhiVbZci id i]Z ViigVXi^kZcZhh d[ JigZX]i# 7n '%'*! JigZX]i ZmeZXih id \gdl id (,,!%%% gZh^YZcih# CdiVWaZ gZVa ZhiViZ egd_ZXih ^cXajYZ/ " JigZX]i hiVi^dc 6gZV lll#Xj'%(%#ca " AZ^YhX]Z G^_c lll#aZ^YhX]Zg^_c#ca " JigZX]i HX^ZcXZ EVg` lll#jigZX]ihX^ZcXZeVg`#ca

In partnership with:

www.cool63.nl

www.multi.eu

www.asrvastgoedontwikkeling.nl

www.amred.nl

Make every square count Square foot, square metre or square deal. Whatever your SHUVSHFWLYH RQ SURSHUW\ ZH FDQ KHOS \RX ÂżQG WKH YDOXH LQ HYHU\ square. Find us at MIPIM stand LR4.14

joneslanglasalle.com

mipim

neWs

Japan’s rallying economy Moscow lifts its sights offers rich opportunities REPARATIONS are tion of choice for domestic and

APAN’s economic climate is showing signs of improvement, with activity in the real estate sector on the rise, a representative of the Japanese government has said. Yohei Ueda, director of the general affairs division at the Japanese Land Economy and Construction and Engineering Industry Bureau, said there is “more and more investment coming into the real estate market” as conﬁdence returns. According to Ueda, vacancy rates in the ofﬁce market are falling again after a big high last year, and activity in the logistics sector is also improving. Japan is rich with opportunity for investment, he said, adding that the change of government last year should kick start a new era of growth for the economy.

Yohei Ueda: “more and more investment”

Other positives highlighted by Ueda include Japan’s strategic location in Asia, and the fact that the country now has 20 cities with populations over 100,000, and 11 of more than a million.

being made to build the world’s tallest observation wheel as part of a new entertainment, leisure and retail complex outside Moscow. The Moscow Capital View project is set to deliver some 275,000 sq m of mixed-use space. The scheme, which is due to open in early 2017, will be situated in the Vorobiev hills, the city’s highest point and home to the world-famous Moscow State Circus. The observation wheel will stand at 220 metres. Cushman & Wakeﬁeld (C&W) Russia is advising developer Group Twelve on the pre-construction phase of the project. C&W’s general director for Russia, Sergey Riabokobylko, said: “Moscow Capital View has the potential to become a new emblem of the city and the destina-

international travellers.” The scheme will also feature a theatre, a museum, a hotel, restaurants, entertainment facilities and retail space.

The observation wheel at Moscow Capital View

BE MORE THAN A TOURIST. INVEST IN LOS ANGELES.

We are at MIPIM!

+001 213 590 6041 // JRSUNSETSTRIP@AOL.COM

GreatArchitectureLA.com

mipim

neWs Investors won over by German logistics offer

IGH ret u r ns a nd strong performance are encouraging investment into the German logistics market, both from domestic institutions and overseas buyers, according to Garbe Logistic CEO Christopher Garbe. Garbe said that returns in the sector had been higher than in the other key German real estate asset sectors, including the buoyant retail market. “Investors such as German life insurance companies have been attracted by this growth,” he added. “Germany has been seen as a safe haven generally for foreign investors, who have also bought logistics assets.” Garbe said that the automotive industries were particularly large users of logistics buildings last

Christopher Garbe: German logistics outperforming the market

year as a result of strong exports of the VW and BMW brands. However, he warned that tightening supply would make competition for acquisitions challenging for investors. “Developers are struggling to get funds for speculative development,” he said. “At the moment, the banks still will not ﬁnance anything speculative. As a result, the outlook continues to be for limited supply to the market.”

Immature but learning fast THE RISING demand for logistics space by e-commerce suppliers and retailers has helped logistics become better understood as an asset class, according to Philip Dunne, Prologis’ president of Europe. Dunne said that Europe remained an immature logistics market, but that strong investment performance last year had raised its proﬁle. “If you look at a mature market like the US, there are four times as many logistics buildings there as in a bigger market like Europe,” Dunne added. “From an investment point of view, logistics remains a relatively young business in Europe and there is certainly the scale for strong potential growth.” For investors, much of that potential comes from the disconnect between supply and demand, said Dunne, who poin-

ted to the UK market as a good example: “At one point, there were 18 empty speculative logistics sites in the UK, but now they are all full and there has been very little new building.” He added: “For investors, that situation represents strong rental growth and 2013 really has marked a point of inﬂection for the industry.”

Prologis’ Philip Dunne: Europe still an immature market

UPSKILL TO A BETTER JOB enhance your property development skills AND understand the process.

BETTER PROJECTS? BETTER APPLY TO RGU.

OUR MSC PROPERTY DEVELOPMENT COURSE STARTS SEPTEMBER 2013 OR JANUARY 2014 WITH FLEXIBLE ONLINE STUDY MODES TO FIT WITH YOUR BUSY WORKING LIFE. APPLY NOW!

WWW.RGU.ac.uk/BETTERPROPDEV 01224 263609 BETTER@rgu.ac.uk

SPECIALIST CONSULTANCY FOR THE PROPERTY SECTOR Strategic Communications Corporate Finance / Restructuring Economic & Financial Consulting Construction Solutions Global Risk & Investigations

www.fticonsulting.com

CRITICAL THINKING AT THE CRITICAL TIME™ FTI Consulting is the ofﬁcial communications partner to MIPIM

mipim

HTL lounge the meeting point for OV[LS [V\YPZT SLPZ\YL real estate professionals

HTL activities — day three — Thursday, 14 March 2013

The HTL lounge situated at level 3 of the Palais des Festivals is the platform for representatives of the hotel, tourism and leisure sector. HTL presentations Spread over the entire duration of MIPIM and clustered into ﬁve topical sessions of half a day each, top-notch hospitality professionals pitch their projects in front of a 40-seat audience and showcase their business opportunities. Pop by and be part of it!

11:00 Hampton by Hilton Warsaw City Centre 11:15

The FP by S Barcelona Diagonal case study 11:30 Evenia Basic Bogotá 11:45 Motel One Wien-Staatsoper: Vienna’s ﬁrst inner city budget hotel 12:00 Hilton Garden Inn Istanbul Golden Horn 12:15

City hotels – affordable chic 10:00 Welcome 10:15 Successful well designed city hotels – from Prague over Germany to Ekaterinburg (Angelo/Andel’s) 10:30 Great expectations

Four Points by Sheraton: a conversion opportunity

Roomz graz – hotel for people in motion

12:30 CUBE Project Kitzbühel Alps Austria – Affordable “All-in-one” hotel development in the mountains 12:45 Milestone 17:00 HTL cocktail reception

10:45 Winters Hotel Berlin Mitte – The Wall at Checkpoint Charlie

MIPIM CONFERENCES AND EVENTS THURSDAY 14 MARCH 8.00 - 9.30

FIN

EVE MAJESTIC HOTEL

Leaders’ breakfast “Private Talks” with Dr Jürgen Stark, Member of the European Central Bank Executive Board (2006 - 2011) By invitation only 9.30-11.00

INNO MIPIM INNOVATION FORUM

Innovators’ vision: MIPIM Awards screenings Powered by Pecha kucha* 10.00 - 10.45 CIT

TURKISH PAVILION

Middle Eastern investors attracted to the Turkish market: the effects of the Reciprocity Law Co-organiser: Reidin 10.00 - 11.00 FIN

GRAND AUDITORIUM

Hotel & Tourism Lunch By invitation only Sponsored by ApexBrasil

11.15 - 12.15 INNO

13.00 - 14.30 GEO EVE

MIPIM INNOVATION FORUM

KEYNOTE ADDRESS BY ARCHITECTS Architecture and responsible innovation Co-organiser: Lord Culture

Italian Lunch By invitation only Sponsored by IDeA FIMIT

Jürgen Mayer H. , Principal, J. Mayer H. Architects

14.30 - 15.30 GEO

Philippe Chiambaretta, Architect, Philippe Chiambaretta / PCA

11.30 - 12.00 TUR

TURKISH PAVILION

Changing Workplace (Ofﬁce/Logistics/ Industrial/P&DS) Role of Corporate Solutions, Emerging Opportunities in Workplace. Prepare for changing trends

XXL warehouses: optimisation and resources mutualisation

11.30 - 12.30 GEO

14.30 - 15.30 INNO

AUDITORIUM A

HOBAN

10.00 - 11.30 LOG

11.30 - 17.00 INNO

MIPIM INNOVATION FORUM

30-minute innovation showcases

10:00-10:30 Port of Barcelona Organiser: Barcelona Catalonia

12.30 - 13.00 INNO

10.30-11.00 Port of Gdansk Organiser: DCT Gdansk

KEYNOTE ADDRESS Decalogue for a senseable / smart city

11.00-11.30 Stockholm Business Region Development Organiser: Stockholm Brd

Carlo Ratti, Director, MIT Senseable City Lab and Founder, carlorattiassociati srl

Does being green create value for end-users? Co-organiser: ISA 14.30 - 17.00 LOG

Finance & Investment

HTL Hotel, Tourism & Leisure

SEG Focus by segments

LOGISTICS PAVILION

4 logistics pitching sessions

MIPIM INNOVATION FORUM

15.30-16.00 Barjane new Project Organiser: Barjane 16.00-16.30 Multimodal Logistics Hub between East and West Organiser: Port Of Tallin 16.30-17.00 The logistics system of Tuscany (waterfront, ports, retroports) as an engine for the attraction of investments in the territory Organiser: Invest In Tuscany 15.00 - 15.30 TUR

INNO Innovation

LOG Logistics

TUR Turkey, Country of Honour

EVE MIPIM Events

TURKISH PAVILION

Retail real estate in Turkey: a fast-growing market for international investors

*Pecha Kucha: creative format of presentation based on 20 images, 20 seconds of talk per image

FIN

MIPIM INNOVATION FORUM

14.30-15.00 Chapelle international multimodal Hub Organiser: Sogaris

Italian Real Estate. Reloaded. Co-organiser: Chiomenti Studio Legale Sponsored by IDeA FIMIT

GEO Geographical focuses

AUDITORIUM A

GAUDI

10.30 - 11.00 Veneto City: urban innovation Organiser: Veneto City

3 logistics pitching sessions

Iberian Peninsula (Spain & Portugal): economic perspectives Co-organiser: Jones Lang LaSalle

The regulation game: implications of Basel III, AIFMD, Solvency II for investment and ﬁnancing debt Co-organiser: IPD

Is Scandinavia as stable as it seems or just late in the cycle? Co-organiser: Fastighetsnytt

LOGISTICS PAVILION

AUDITORIUM A

Ihsan Murat Tabanlioglu, Founding Partner / Architect, Tabanlioglu Architects

12.30-13.00 Meet the speakers

10.00 - 10.30 Innovation to build the future Excellence in construction sites Organiser: ANCE

MAJESTIC HOTEL

14.30 - 15.30 FIN

Dr Jürgen Stark, Member of the European Central Bank Executive Board (2006-2011)

Case studies

GRAY D’ALBION HOTEL

Kengo Kuma, Architect, Kengo Kuma and Associates

11.30 - 12.30 LOG

MIPIM INNOVATION FORUM

13.00 - 14.30 HTL EVE

HTL Presentations: City hotels - affordable chic Co-organiser: PKF hotelexperts

PLENARY KEYNOTE ADDRESS: The global economic outlook and the EU ﬁnancial crisis

10.00 - 11.00 INNO

HTL LOUNGE

Caroline Barat, Architect, Agence Search

HOBAN

Lille’s road to Excellence in presence of Martine Aubry, Mayor of Lille, President of Lille Metropole Organiser: Lille’s 10.00 - 10.45 TUR

10.00 - 13.00 HTL

CIT Cities & Infrastructure

Access to MIPIM 2013 conferences and events is free of charge for all registered delegates, within the limit of space available. Programme as of 8th March 2013. All information contained in this programme may be subject to change.

15.00 - 16.00 HTL

16.00 - 17.00 HTL

HOBAN

MASTERMINDS HOTEL & TOURISM Perspectives on the hospitality industry 15.00-15.15 Keynote introduction by Stephen Joyce, President & CEO, Choice Hotels International 15.15-16.00 Panel discussion with Rui Barros, Senior Vice President and Managing Director, Wyndham Hotel Group Stephen Joyce, President & CEO, Choice Hotels International Simon Vincent, President, EMEA, Hilton Worldwide INNOVATION 15.30 - 16.00 INNO EVE MIPIM FORUM Meet the end-users cocktail

HTL Power Meetings Co-organiser: PKF hotelexperts

16.00 - 17.00 GEO

17.30 - 18.30 FIN

GAUDI

Chile: the strategic platform Co-organiser: AOA & Prochile 16.00 - 17.30 SEG

17.30 - 18.30 FIN

Investing in residential and social housing Co-organiser: IPD 17.00

LOG EVE LOGISTICS PAVILION

19.00 - 19.30 EVE

HTL EVE HTL LOUNGE

17.00 - 18.00 EVE

GRAND AUDITORIUM’S ENTRANCE & FOYER

MIPIM Awards Red Carpet & Cocktail

HTL Cocktail reception

15.45 - 16.00 TUR

GAUDI

The importance of retail in mega mixeduse projects Co-organiser: RLI

Logistics Cocktail reception 17.00

HOBAN

Opportunities in commercial real estate ﬁnance - U.S and European perspectives Co-organiser: CRE Financial Council

AUDITORIUM A

17.00 - 17.30 HTL TUR

KEYNOTE ADDRESS Ahmet Haluk Karabel, President of TOKI

HTL LOUNGE

High expectations for low budget hotels Co-organiser: PKF hotelexperts

15.45 - 17.15 INNO MIPIM INNOVATION FORUM Views of 6 stakeholders - Manage innovation for a better return on investment TURKISH PAVILION

17.15 - 18.00 HTL EVE

HOBAN

19.30 - 20.30 EVE TURKISH PAVILION

GRAND AUDITORIUM

MIPIM Awards Prize-giving Ceremony Sponsored by: - Immobilien Zeitung - Kuwait Finance House

Hotel developments and investments in Turkey: your major destination Co-organiser: REImonitor AGORA ROOM

MIPIM Final Press Conference

FRIDAY 15 MARCH MIPIM CONFERENCES AND EVENTS 10.30 - 11.30 FIN

MIPIM INNOVATION FORUM

MIPIM Wrap-up: Painting the Big picture An insightful synthesis of the trends that emerge from the market and what you, the participants, believe is the future of the industry. In association with the Wisconsin School of Business 11.45 - 12.30 INNO

MIPIM INNOVATION FORUM

CLIENT CONFERENCES & EVENTS ferences & events Grand Paris Region programme of con Marina Hall - Stand MAR.PR29

10.30 - 11.00 MARINA HALL - MAR.PR29 Presentation of the La Défense Seine Arche territory, its projects and challenges, using the scale model Organiser: Grand Paris Region - Epadesa

Ten golden rules to increase the value of the property asset

Conferences sponsors Gold & Mayors Think Tank sponsor

Logistics Premium sponsors

RE-Invest Platinum sponsor

RE-Invest industry partner

RE- Invest Research partner

Silver sponsors

MIPIM Innovation Forum Premium sponsor

CLIENT CONFERENCES & EVENTS THURSDAY 14 MARCH 8.30 - 9.30 | MAJESTIC HOTEL Région de Bruxelles-Capitale séminaire petit-déjeuner Organiser: Région de Bruxelles-Capitale By invitation only

8.30 - 10.00 | CARLTON HOTEL Changing Places Organiser: Leeds City Region

9.00 - 9.15 | GRE projects

STAND 05.20 / 07.19

Organiser: GRE - LIEGE

9.00 - 9.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Rio day - Invest in Rio de Janeiro The gateway to Brazil Organiser: Rio de Janeiro - Firjan System

9.00 - 10.00 | AUDITORIUM E, LEVEL 3 The UK Property Market: investor and global context & breakfast Organiser: IPD

10.00 - 10.30 | STAND H4.28 Future site Tempelhofer Freiheit Organiser: Berlin Senate Department for Urban Development and The Environment

10.00 - 10.45 | STAND 21.14 Mayors’ breakfast for smart and sustainable cities Organiser: City of Helsinki

10.00 - 10.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Classical values in modern times Organiser: Vivere Fastigheter Ab/Vivere Properties Ab

10.00 - 11.00 | STAND 14.02 Bristol Filton enterprise area Organiser: Bristol and Bath @ MIPIM

10.00 - 11.00 | AUDITORIUM J, LEVEL 4 Investment Atlas launch 2013 Organiser: Cushman & Wakeﬁeld

10.30 - 11.00 | STAND R27.09 Eastside: using transport infrastructure to regenerate a city centre Organiser: Birmingham By invitation only

10.30 - 11.00 | Idelux projects

STAND 05.20 / 07.19

Organiser: Idelux

10.30 - 11.00 | STAND B1.00 NOMA: one of Manchester’s newest lifestyle districts. Organiser: Manchester at MIPIM Partnership

10.30 - 11.30 | STAND 07.02 / 09.01 Major urban development projects in Montpellier / Les grands projets urbains de Montpellier Organiser: Ville de Montpellier By invitation only

10.30 - 11.30 | STAND R29.32 Launch of world green building council report Organiser: RICS

10.30 - 11.30 | STAND 03.16 - 05.13 Présentation du projet d’Eco-village balnéaire et golf de la Porte des Deux-Caps Organiser : Eurotunnel

10.30 - 13.00 | AUDITORIUM K, LEVEL 4 Taking stock - The relationship between businesses and ofﬁce provision in the City Organiser: City of London Corporation By invitation only

11.00 - 11.30 | Namur projects

STAND 05.20 / 07.19

Organiser: Namur - Wallonia

11.00 - 11.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Invest in corporate real estate in Morocco Organiser: Casanearshore/Technopolis, Saz, Al Manar

11.00 - 12.00 | STAND 13.18 / 15.17 Long-term spatial development priorities of Tallinn Organiser: City of Tallinn

11.00 - 12.00 | Metro-talk

STAND H4.20

Organiser: European Metropolitan Region Nuremberg

11.00 - 12.00 | AUDITORIUM I New investment opportunities in the Öresund Region Organiser: Invest In Skåne

11.00 - 12.00 | STAND R27.05 Enterprise zones: opportunities & challenges Organiser: Leeds City Region

11.00 - 12.00 | STAND 02.20 / 04.19 Labour market in the Leningrad Region Organiser: Leningrad Region

11.00 - 14.00 | AUDITORIUM E, LEVEL 3 Refreshments, networking & one to one meetings with IPD Organiser: IPD

11.30 - 12.00 | IBW projects

STAND 05.20 / 07.19

Organiser: IBW

11.30 - 12.00 | STAND H 4.18 Current developments in the Stuttgart Real Estate Market Organiser: City of Stuttgart

11.30 - 14.00 | RESTAURANT GASTRONOMIQUE, LEVEL 3 2013 : L’année capitale de Marseille Provence Organiser: Marseille Métropole

12.00 - 12.30 | STAND R27.09 Driving investment into Birmingham’s automotive industry Organiser: Birmingham By invitation only

12.00 - 12.30 | STAND 14.02 The engine shed launch Organiser: Bristol and Bath @ MIPIM

12.00 - 12.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Successful investment in affordable housing in Russia, key success factors: International designer - European investor Russian developer Organiser: Kvartstroy

12.30 - 14.00 | AUDITORIUM I, LEVEL 4 Hals Development press conference Organiser: Hals Development By invitation only

12.30 - 15.00 | MAJESTIC HOTEL, HALL “LA BAULE” Developer’s lunch - “Government stimulus to attract investments in real estate development sector” Organiser: Ministry of Regional Development of the Russian Federation and RBC daily Co-organiser: Kortros

13.00 - 13.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Investments into the Leningrad Region: your success in Russia Organiser: Leningrad Region

13.30 - 16.30 | AUDITORIUM K, LEVEL 4 Think green save money - the Swedish experience in sustainable urban development Organiser: Business Sweden

14.00 - 14.30 | STAND 05.20 / 07.19 Wilhem & Co – projects Organiser: Wilhelm & Co

14.00 - 14.45 | Presentation

AGORA ROOM, LEVEL 01 - AISLE 01-03

Organiser: “Aero Park City” Access to MIPIM 2013 conferences and events is free of charge for all registered delegates, within the limit of space available. Programme as of 8th March 2013. All information contained in this programme may be subject to change.

THURSDAY 14 MARCH 14.00 - 15.00 | STAND 21.14 City of Pori & Porin Puuvilla Oy reception Organiser: City of Pori & Porin Puuvilla Oy

14.00 - 15.00 | STAND 13.18 / 15.17 Presentation of the development projects in Tallinn Organiser: City of Tallinn

14.30 - 15.30 | STAND 07.20 Rencontre-débat avec les porteurs de projets sur le territoire du Canal et présentation de l’essor démographique Organiser: Région de Bruxelles - Capitale

15.00 | STAND 14.02 Weston Super Mare Junction 21 enterprise area Organiser: Bristol and Bath @ MIPIM

15.00 | ITALIAN PAVILLION STAND C1.01 Como and Bellagio Lake Resort projects Organiser: Nessi & Majocchi SpA

15.30 - 16.00 | STAND B1.00 Live: the way that cities grow when they are serious about managing climate change. With guest speaker Mark Watts, director at Arup Organiser: Manchester at MIPIM Partnership

15.30 - 16.00 | STAND 14.02 Bristol transportation - Airport, rail and port expansion Organiser: Bristol and Bath @ MIPIM

15.30 - 16.30 | STAND 02.20 / 04.19 Creating a settlement as a convenient environment for a human in the Leningrad Region Organiser: Leningrad Region

15.30 - 16.30 | AUDITORIUM J, LEVEL 04 New ideas of business for Italian real estate Organiser: Quotidiano Immobiliare Daily Real Estate

16.00 - 17.00 | HTL LOUNGE, LEVEL 3 Choice Hotels International Press Conference Organiser: Choice Hotels International

16.00 - 18.00 | STAND 15.18 / 17.13 City of Riga reception Organiser: City of Riga

16.00 - 19.00 | STAND 04.20 / 06.19 Mebe One Khimki Plaza launch Organiser: Mebe Development By invitation only

16.30 - 17.00 | LOGISTICS PAVILION - LEVEL 01 Logistic opportunities in Tuscany Organiser: Invest in Tuscany By invitation only

17.00 - 18.00 | STAND 09.02 Présentation de l’éco-cité “ Jardin des Maraîchers” (Dijon), par M. Nicolas Michelin, architecte urbaniste coordinateur du projet (Agence Anma)

15.30 - 16.15 |

15.30 - 17.00 | AUDITORIUM I, LEVEL 4 One city – Ambitions and plans

Useful Tuscany

Organiser: So Toulouse - So Attractive By invitation only

Organiser: Eplaad

16.00 - 17.00 | AUDITORIUM E, LEVEL 3 German and European Returns of Real Estate

Organizer: Zorlu Center

ITALIAN PAVILLION INVEST IN TUSCANY STAND

Organiser: Invest in Tuscany

15.00 - 15.30 | STAND 05.20 / 07.19 BSPACE - presentation Organiser: BSPACE

Organiser: IPD

15.00 - 15.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Birmingham airport: landing investment for the region Organiser: Coventry City Council By invitation only

15.00 - 15.45 |

ITALIAN PAVILION INVEST IN TUSCANY STAND

Useful Tuscany Organiser: Invest in Tuscany

15.00 - 16.00 | AUDITORIUM E, LEVEL 3 Property EU CEE investment brieﬁng: where are the best returns? Is it time to look at secondary?

16.00 - 17.00 | STAND 14.02 Bristol public property board launch Organiser: Bristol and Bath @ MIPIM

16.00 - 17.00 | STAND 13.08 Whisky tasting event and prize draw Organiser: City of Edinburgh

17.00 - 19.00 | STAND R33.05 Dj party 17.30 - 18.00 | STAND H 4.18 Building the city of tomorrow Organiser: City of Stuttgart

18.00 - 18.45 | AGORA ROOM, LEVEL 01 - AISLE 01-03 Successful investment in affordable housing in Russia, key success factors: International designer - European investor Russian developer

16.00 - 17.00 | STAND 07.20 Présentation du nominé Belge aux Awards

Organiser: Kvartstroy

Organiser: Région de Bruxelles - Capitale By invitation only

Organiser: BTR Group By invitation only

21.00 - 24.00 | RESTAURANT PLAGE L’ANNEX BTR Group Private Party

Organiser: IPD

ces & events en er nf co of e m m ra og pr n lio vi Pa London

SUN.01

Produced by NLA - London’s Centre for the Built Environment Sponsored by GVA

LONDON: THE WINNING CITY 10.00 | NLA STAGE Estates Gazette panel debate - London: capital of Asia?

11.30 | NLA STAGE Workplace requirements in a rebalanced economy

10.30 | NLA STAGE Residential: why the world wants to buy into London

12.15 | CITY MODEL Tall buildings in an historic context

12.45 | NLA STAGE London Stansted Cambridge 16.00 | NLA STAGE The big think on the future of London

CLIENT CONFERENCES & EVENTS ces & events en er nf co of e m m ra og pr on gi Re ris Grand Pa rina Hall - Stand MAR.PR29 Ma

9.30 - 10.00 | MARINA HALL - MAR.PR15 Rendez-vous Vinci Immobilier: lots a11 et a9a2 : the choice of the dynamism of Paris rive gauche

11.30 - 12.30 | MARINA HALL - MAR.PR03 Plaine Commune, de l’accueil des grands comptes au territoire de la culture et de la création

Organiser: Vinci Immobilier

Organiser: Grand Paris Region - Plaine Commune

10.00 - 10.30 | MARINA HALL - AGORA - MAR.PR29 Marne-la-Vallée - Val d’Europe: an area of renewed growth

11.30 - 12.30 | MARINA HALL - MAR.PR15 Rendez-vous Kaufman et Broad: lot a9b: a signature for a unique building in Paris Rive Gauche

Organiser: Grand Paris Region - Marne-la-Vallée

10.30 | MAR.PR15 Rendez-vous Société d’exploitation de la Tour Eiffel (SETE) Le réaménagement du 1er étage de la Tour Eiffel : une architecture sous inﬂuence 10.30 - 11.00 | MARINA HALL - MAR.PR29 Presentation of the La Défense Seine arche territory, its projects and challenges, using the scale model

Organiser: Kaufman et Broad

11.45 - 12.30 | MARINA HALL - AGORA - MAR.PR29 Promotion-design discussions for the Grand Paris Express stations Organiser: Grand Paris Region Société du Grand Paris

Organiser: Grand Paris Region - Epadesa

12.00 - 13.00 | MARINA HALL - MAR.PR22 Saint-Quentin-en-Yvelines : le Pas-duLac ou comment renouveler un quartier d’immobilier d’entreprise

10.30 - 11.30 |

Organiser: Grand Paris Region Saint-Quentin-en-Yvelines

MARINA HALL - ESPACE RESTAURANT MAR.PR21

Les projets structurants d’aménagement et d’immobilier d’entreprises du Val d’Oise Organiser: Grand Paris Region - Val d’Oise

14.30 - 15.00 | MARINA HALL - MAR.PR15 Rendez-vous SemPariseine: front de Seine, a neighborhood revival

11.00 - 11.30 | MARINA HALL - MAR.PR25 Le white, Montrouge – 25 000 m² : l’excellence architecturale accessible par le métro

Organiser: Paris - SemPariseine

Organiser: Grand Paris Region - Hauts-de-Seine

15.00 - 16.00 |

11.00 - 11.45 | MARINA HALL - AGORA - MAR.PR29 La Défense’s value is also intangible! Organiser: Grand Paris Region - Epadesa

11.30 - 12.30 | MARINA HALL - MAR.PR23 East trapeze: looking to a “high urban quality” district

14.30 - 15.15 | MARINA HALL - AGORA - MAR.PR29 Conﬂuence, Seine Aval and Grand Paris Organiser: Grand Paris Region - Seine Aval MARINA HALL - ESPACE RESTAURANT MAR.PR21

Accessibilite et attractivite économique à Evry Centre Essonne : Orly, l’aéroport du Grand stade de rugby et du cône sud francilien de l’innovation

15.15 - 16.00 | MARINA HALL - AGORA - MAR.PR29 Eqho – why choose the vertical campus? Organiser: Icade

15.30 | MAR.PR15 Rendez-vous Paris Batignolles Clichy Batignolles : une nouvelle génération de bureaux dans le nord ouest parisien 16.00 - 16.30 | MARINA HALL - MAR.PR25 L’immobilier d’entreprise dans les Hauts-de-Seine : conjoncture, grandes transactions et perspectives Organiser: Grand Paris Region - Hauts-de-Seine

16.00 - 16.45 | MARINA HALL - AGORA - MAR.PR29 Carpe diem, a new reference at La Défense Organiser: Aviva / Predica

16.30 - 17.00 |

MARINA HALL - ESPACE RESTAURANT MAR.PR21

La Seine-et-Marne et le téléCentre, un nouveau mode de travail Organiser: Grand Paris Region - Seine et Marne

16.30 - 17.00 | MARINA HALL - MAR.PR15 Rendez-vous Icade: lot t6c / panorama in Paris Rive Gauche : a building and a bridge - technic for urban creativity Organiser: Icade

16.45 - 17.45 | MARINA HALL - AGORA - MAR.PR29 At the Centre of the Grand Paris metropolitan area, Vinci is hard at work on the Les Halles redevelopment project Organiser: Vinci

17.45 - 18.45 | MARINA HALL - AGORA - MAR.PR29 Majunga, the reinvented tower Organiser: Unibail - Rodamco

Organiser: Grand Paris Region Evry Centre Essonne

Organiser: Grand Paris Region - Ile Seguin Rives de Seine - Boulogne Billancourt

8LI 2I\X +IRIVEXMSR SJ +PSFI7X GSQ MW ,)6)

EXPECT MORE

1SVI 3VMKMREP 'SRXIRX 1SVI 8MQIP] 9THEXIW 1SVI -RXIVEGXMZI (IWMKR 1SVI 'YWXSQ 1EVOIXMRK

Setting the agenda for Commercial Real Estate Worldwide:

The International Property Report Running the first Wednesday of every month, The Journalâ&#x20AC;&#x2122;s International Property Report is an overview of commercial real estate in a leading international market. This two-page feature carries timely stories, highlighting trends, valuations and leasing activity in some of the most exciting international countries and cities. Take advantage of this expanded coverage to strategically position your company, properties or services in the global real estate marketplace.

2013 Featured Cities: February: Europe/ Sales of Distressed Assets March: Hong Kong April: Moscow May: Australia

For more information please contact: Marti Gallardo US 212-597-5619 Marti.Gallardo@wsj.com

Rob Monaghan Europe 44 (0) 20 7572 2124 Robert.Monaghan@wsj.com

Mary Leung Asia 852-2831-2552 Mary.Leung@wsj.com

mipim

neWs Level39 bridges gap between innovators and big business EVEL39 is an exciting new concept in working space at Number One Canada Square in the heart of Canary Wharf, in the east of London. Serial entrepreneur Eric Van der Kleij is leading the initiative for the Canada Wharf Group. The 2,700 sq m of accelerator space on the 39th floor aims to bridge the gap between innovators and big business. There are three key elements to the space: financial technology, retail technology and future city technology. Van der Kleij described the Level39 as space for “growing up rather than start-up businesses”. The idea is to be supremely flexible allowing businesses to grow at their own pace without constraints. There are “sandboxes” where organisations can hold brainstorming

sessions for key individuals. And Level39 has events space capable of seating 250 people, with the aim of attracting 40 events a year. There will also be the Level39 Business Club Lounge with a membership club and an area for businesses to meet clients and partners

as they go through rapid expansion. The Canada Wharf Group says Level39 will bring together its existing financial and professional services tenants, which employ over 100,000 people at Canary Wharf, and connect them with London’s tech scene.

ITALIAN ASSOCIATIONS JOIN FORCES IN CANNES AN AGREEMENT between Italian institutional and business associations ANCE, ICE and Federcostruzioni, aims at providing a nationwide network to help Italian companies to be internationally competitive. The three associations are together for the ﬁrst time at MIPIM. At the same time, the president of ANCE, Mr Paolo Buzzetti will make a presentation of the Italian government-approved Piano Citta — which will outline projects in Italy and the quality of Italian builders.

DUVAL SHOWCASES FRENCH PROJECTS

Entrepreneur Eric Van der Kleij is spearheading the Level39 initiative

Developer Group Financiere Duval is at MIPIM to showcase a number of projects that it is currently undertaking. Among these, are the 6,470 sq m Palais des Congres in Juan-Les-Pins, the mixed-use 81,300 sq m Central Reims scheme and the 33,800 sq m Mauberge (in the north-east of France) schemes.

PLUS PRÈS DES SOMMETS ! CLOSER, HIGHER! GRENOBLE-ALPES MÉTROPOLE présente

les écomobilités au cœur du projet urbain STAND H4, 22

29 77 ne on lle d Be

rs 2 rco Ve

tre

Ici l’horizon a toujours été au-delà de 2030

Mondo Italia Gallery is the project designed for large spaces for a megastore of the Italian excellence: Fashion, Food, Home, Sport, Kids and Wellness. You will be able to take a trip through an original and spectacular scenery; a tour through the main monuments and Italian piazzas that will be the setting for apparel stores for men, women, children, sports accessories and home, plus a food court area where you can try the typical Italian tastes thanks to the presence of restaurants, pizzerias, pubs, cafes. The course is completed by an area for relaxation and wellness. MIG solves the problem of big unused spaces MIG renews and innovates the image of shopping malls MIG will be the new play area for the whole family Franchising information www.mondoitaliagallery.com - mondo@mondoitaliagallery.com Tel. +39.030.6863577/6863189 - Fax +39.030.6624889

immobilien.megatrends. seize the opportunities. immobilienmanager. the decider‘s magazine.

immobilienmanager.award. be the best. meet the best. whoiswhoimmobilien. ﬁnd property easily.

immobilienfachwissen. know what is in demand.

plötzimmobilienführer. perfectly evaluated.

immobilienmanager.tv. see clearly.

www.immobilienmanager.de. be up to date.

Immobilien Manager Verlag IMV GmbH & Co. KG P.O. Box 41 09 49 · 50869 Cologne · Phone +49 (0)221-5497-169 Fax +49 (0)221-5497-130 · service@immobilienmanager.de www.immobilienmanager.de/mediakit.html

Ein Unternehmen der Gruppe Rudolf Müller

mipim

neWs Agaoglu invites global investors to the ‘new centre of the world’

LI AGAOGLU, chairman of Agaoglu — the biggest real estate developer in Turkey — visited the company’s stand in the Turkish Pavilion on MIPIM’s opening day. The company is showing two of its major projects in Cannes: the Istanbul International Finance Centre and Maslak 1453. “We are at MIPIM to attract international investors to Istanbul,” Agaoglu said. He added: “Turkey is on course to become the 10th biggest economy in the world. Istanbul has taken on a very important role in the path towards this goal and the Istanbul International Finance Centre project, of which we are the contractor, has a very important role in the realisation of this target. Agaoglu observed that Istanbul is “visibly on its way to becoming a regional financial centre in the short term and an international financial centre in the medium-term”. To this end, he added, there have been significant structural changes in Istanbul in recent years to transform the city into an international financial hub. As part of this, trade laws have been revised to integrate the country with the West. “Besides the physical infrastructure that

FUND REPORTING JUST GOT EASIER SWITZERLAND-based Drooms is at MIPIM to launch its AIFMD/command system for virtual data rooms. The model enables alternative investment funds to comply with reporting obligations under the new EU rules, which come into force in July. Drooms managing director Jan Hoffmeister said unclear documentation trails and auditing processes had been particularly prevalent after the banking collapse, as distressed properties passed between investment houses. Maintaining a clear and coherent system means tracking assets and showing the correct procedures have been followed — a process that, thanks to Drooms, is now much easier.

Ali Agaoglu: “We are ready”

we are building for the Istanbul Finance Centre, new financial and legal regulations have also been developed,” Agaoglu added. “To sum up, we are ready and we invite all investors to invest in Istanbul, the new centre of the world.”

Keep up with change, Rivers urges REAL estate is core to the business of global law ﬁrm DLA Piper — and partner Susheela Rivers believes attendance at MIPIM is key for those who are serious about keeping up with developments in the industry. Rivers is head of the Asia-Paciﬁc real estate group and leads the company’s hospitality and leisure group, Asia. With nearly 20 years of property-law and hotel-sector experience, she believes it is important for legal service providers to match their skills to the evolving needs of the market. “Real estate is a global market and we are prepared to invest to build valuable relationships,” she said. “Client’s needs change and you can’t keep abreast of these changes from behind a desk.” DLA Piper’s Susheela Rivers: investing in “valuable relationships”

He said: “We work with large estate managers, such as retailers, for whom monitoring documentation can be very difficult. Of course, many fund managers see the new rules as additional work, but they should also be considered as a ‘quality gate’, ensuring portfolios are being administrated properly.”

NCC SELLS OSLO SITE NORDIC developer NCC Property Development has completed the sale of a major parcel of land to the Municipality of Oslo in a Swedish krona 199m deal ( 24m). The Brynsengfaret 8-12 site in the Norwegian capital has been purchased for the construction of a new school by the municipality. NCC Property Development president Joachim Hallengren said: “Together with the municipality, we found an excellent solution for both parties.”

23; , 6) % *6 7, 4 674 '8-:) 32 )9634 %2 4634 68= 86 2(7

For intelligence, innovation and the inside track on European commercial property, read EuroProperty Trends. Every month weâ&#x20AC;&#x2122;ll analyse the emerging trends in a FREE, easy to navigate magazine available as a digital edition or on iPad. EuroProperty Trends will not only bring you incisive comment but interactive features including image galleries, audio interviews, video and more.

Go to estatesgazette.com/eptrends to ďŹ nd out more and to register for your FREE subscription.

mipim

neWs

Germany is ﬁrst choice for Europe’s investors UROPEAN property investors have Germany in their sights this year. The country is the number one target for investors, according to new research from property adviser CBRE, which states that Germany is Europe’s most attractive investment market for more than a third of investors, with the UK coming in second at 24%. The attractiveness of the CEE markets fell to 14% from 19% in 2012, with Poland remaining the region’s most appealing market. At 10%, the number of respondents to the survey who selected Poland was ahead of France, Spain and the Nordics, each of which were chosen by between 5%-6% of investors. Italy’s share of the investment cake slipped to just 2%. Peter Damesick, chairman of EMEA research at CBRE, said: “Investor intentions for 2013

E THE GROWING importance of the CEE markets is being reflected at key events this week in Cannes, including Back To The Future: The Next Ten Years For The CEE & SEE Property Markets, which was organised jointly by MIPIM and Central & Eastern European Real Estate Quality Awards (CEEQA). The opening CEE-focused session on Tuesday heard from David Nixon (left) of Warsaw-based law firm Norton Rose Piotr Strawa and Partners; Yannis Delikanakis of Blue House Capital; Charles Taylor of Cushman & Wakefield; Tomaz Trzoslo of Jones Lang LaSalle; Andreas Ridder of CBRE; Martin Erbe of Landesbank, Hessen-Thuringen; and Tim Norman of Europa Capital Partners.

continue to be shaped strongly by perceptions of market risk and the relative strength of the economic fundamentals in different parts of Europe. The most favoured markets for purchases remain heavily concentrated in northern Europe, notably Germany, the UK and Poland.” Investor sentiment in Germany is spread across Munich, Berlin, Hamburg and Frankfurt, with Munich topping the bill at 16%. Collectively, the four cities represent 34% of investors’ intentions in the country, up from 21% last year. Of particular note in the city rankings is the appearance of Dublin, which perhaps reflects investor perceptions of the value and potential for recovery in the Irish market. Madrid’s inclusion in the top 10 also suggests increased conﬁdence in the possible recovery of the Spanish real estate market.

MAKE THE MOST OF MIPIM Pick up your MIPIM 2013 GUIDE now ! The “who’s-who” of the world's property market. A year-round networking tool to connect you with over 20.000 real estate professionals.

DISTRIBUTION POINT LOCATED AT THE FRONT OF THE PROTOCOLE ENTRANCE 41

REACH OUT TO RETAIL ✔ Engage the UK retail property market ✔ Increase your market reach to over 40,500 retail professionals ✔ Network with senior decision-making property directors ✔ Create awareness of your business within the retail property market

RW_ R RW W_A A4_ A4 4__01_ 4 01_U 0 UM M

Only with

R E TA I L- W E E K . C O M

retail-week.com/property +44 (0)20 3033 4222 ask for Jenni

mipim

neWs Investors offered double-digit returns on housing in Brazil

RAZILIAN developer, EcoHouse Group is attending MIPIM to promote some of the best available real estate product in the country to investors. With £450m in sales, it is a partner in the Brazilian Government’s successful large-scale social housing scheme, Minha Casa Minha Vida (My House, My Life), which aims to tackle the chronic housing shortage in the country by building three million properties by the end of 2014. The project enables applicants

who earn between two and ten times the national minimum wage a month (circa £190) to live in properties paying back as little as 5% for their mortgages. Under the scheme, EcoHouse is attracting funding from international investors and building social housing units near Natal, in the North Eastern state of Rio Grande do Norte. Demand for the ﬁrst two residential developments was so high that the developments sold out prior to build. “We are offering double-digit

returns on investment, which is seeing a phenomenal response from the business world, hence our presence in Cannes,” said Anthony Armstrong Emery, EchoHouse founder and CEO. Emery puts the company’s success down to the simple approach of providing healthy, safe investment products to the international market. “There is a huge shortfall in house building in the country and massive growth in the middle class. It is just a dream come true for any developer — you just have to build!”

EcoHouse Group’s Anthony Armstrong Emery

INVESTMENT DRIVES UP LONDON PRICES

Frogmore’s Patrick Smith

LONDON property specialist Frogmore is riding a wave of international interest in the UK capital, according to director of acquisitions Patrick Smith. As an example Smith pointed to the Baltimore Wharf project overlooking the River Thames where 170 apartments were sold off-plan to purchasers from South East Asia only months after Frogmore acquired the site in late 2012. “We’ve completely de-risked the scheme,” Smith said. Frogmore is also seeing sustained interest in UK assets from around the world. “International investors are … driving up prices to levels where UK investors are becoming more willing to sell,” he said. The net result is growing turnover in London. Smith expects to see the vendors reinvesting the proceeds elsewhere in the UK.

Thales’ HQ ﬂoats on Cristal Campus WITH what has been described as the largest pedestrian ofﬁce campus in the greater Paris area, Cristal Campus — designed by Art & Build Architects and developed by AG Real Estate — accommodates the new Thales Communications & Security headquarters building. Cristal Campus is located in Gennevilliers in the Paris suburbs. The nine-building Cristal Campus provides 87,500 sq m of sustainably designed office space nestled within a landscaped park with extensive water features.

Planning constraints imposed by the surrounding floodplain are used to keep parking below grade level. A large aquatic garden links the buildings to form a floating campus and promotes pedestrian flow. The nine buildings house client reception areas, conference facilities, showrooms, social premises, a staff canteen, open plan offices and sheltered parking spaces. Cars are kept to the lower ground floor, so generating a car-free environment at ground floor across the campus.

The ‘ﬂoating’ Cristal Campus

mipim

neWs GLOBAL INTEREST BUILDS IN STABLE SCANDINAVIA WITH the comparatively stable economies of Norway, Sweden, Finland and Denmark generating interest in their commercial property markets, Reed MIDEM and Swedish trade journal Fastighetsnytt are bringing together a number of speakers to provide insight into the Scandinavian market. In today’s Is Scandinavia As Stable As It Seems Or Just Late In The Cycle?, the panel will examine such questions as where in Scandinavia to invest and in which kind of assets.

Optimistic US investors turn disasters into opportunities

Johan Zetterstedt: Scandinavia fundamentals attracting investors

The Swedish property market has experienced very few price falls during the ﬁnancial crisis and the subsequent debt crisis in Europe. This stability is making international investors take notice. In Norway, oil means that the country has unique economic conditions, while the Finnish economy is considered to be highly competitive. Although Denmark has had more challenges, there are signs to suggest an improvement. Indeed Swedish investors, among others, have been active in the territory, according to Johan Zetterstedt, managing director and founder of Business Arena Nordic Real Estate Summit.

Morgan Stanley’s Michael Levy (left) with AEW Europe’s Russell Jewell, and GE Capital Real Estate’s Francois Trausch at yesterday’s Private Equity Real Estate session

HE AMERICANS are coming! That was the hope offered by the Private Equity Real Estate conference held at MIPIM yesterday. Michael Levy, managing director of Morgan Stanley, painted a picture of a conﬁdent US privateequity sector with investors pursuing opportunities. “Disasters that took place a few years ago have turned into opportunities today,” he told delegates. “When and whether there will be an opportunity in Europe is dominating discussions,” he added. Russell Jewell, head of private equity at AEW Europe, said there were already signs that US investors were ahead of their European counterparts. “It is easier to have a conversation with Ame-

rican investors about opportunities in Europe than it is to have one with Europeans. European investors are caught in a mire of negativity, while US investors are more optimistic,” he said. But, he added: “American investors are not writing cheques yet.” The best opportunities in the US have come from banks deleveraging — but European banks have not deleveraged to the same extent, Jewell said. Private-equity investors are now looking for lower returns of, perhaps, 15% or 16% with less leveraging, rather than high leveraged deals offering 20% returns. Investors from Asia are taking a similarly cautious approach. Francois Trausch, CEO of Asia Paciﬁc at GE Capital Real Estate, said: “Koreans, for example, are

looking at core and core-plus real estate. They are not interested in distressed deals. It can be very difﬁcult to ﬁnd the right investment: private equity is facing a tough time.” Within Europe, Jewell said that the UK, France and Germany remain the favoured nations. In these markets, investors will look outside core. But in the southern European territories, they want core investments. One country that is cropping up in discussions frequently is Spain and whether any opportunities will arise from the country’s bank restructuring. However, the question of nonperforming loans inevitably leads to concerns about the potential to make money.

Think differently and get solutions you can implement quickly for long-term results!

Join your colleagues at the CoreNet Global EMEA Summit in Amsterdam. Learn, network and return to work energized and equipped with: : Discover advanced methodologies for reducing costs, funding new projects and keeping your enterprise ahead of the competition. ! New ways of measuring workplace effectiveness and productivity ! An enhanced ability to inﬂuence and guide the implementation of strategic decisions ! Tools for creating, developing and maintaining efﬁcient key internal partnerships

General Session Speakers Announced! Dr. Jonas Ridderstråle Dr. Ridderstråle is a presenter “with a difference who makes a difference.” He has spent the last ten years giving people the competence, conﬁdence and courage to think, feel and do things differently. Jonas has a PhD in International Business and in 2007, was awarded the prestigious Italian Nobels Colloquia award for “Leadership in Business and Economic Thinking.”

Dr. Alf Rehn The British newspaper Times , called Dr. Alf Rehn a “star of the future.” The Thinkers 50, the listing of the world’s top 50 business thinkers, included him on their Guru Radar, among the Up and Coming Business Thinkers for the fourth consecutive year in 2011. As a thought-leader and a trickster he has challenged and amused people in a plethora of ﬁelds and in a number of countries. Dr. Rehn is a management professor, an internationally recognized opinion leader within business trends, an author and speaker. He currently holds the Chair of Management and Organization at Åbo Akademi University in Finland.

For sponsorship opportunities, please contact Jessica Lisi at jlisi@corenetglobal.org

)* (& %()*') $*%'! &' "# %(&"'*$)# & )* "#* #& %() ) &( *#)% *)$(%()* #" )$$&"'% $ ( + + " %+ " +'#+ + &+ + &+ & +& &+ &

) *+'!'$ *(* '!)#$(%'!* " *) )'($*&'*( ) %# )(*% ) (* " #* $&')$$ '!$*%'!*&' )$("#$*

! %'(*(! #% *( )* '!$ ( %(*%#)* ##)'( #%&$&' * % &(% *

)'$* #% *!)% $*%'! (#)'!$*("*&!)'(& ( )*#& (*&' )$( )'( " "#( '&(&)$* "# " #* &#

!*( #

%)' (! +!) *+'$)%#* )" $)+ + )+ & &+ $ ) %(!#

%&'* % % )* '" )! ) #" *&'$(&( (&"'$*( %(*%#) ) &' *("*!) &')* #& %() #)% *)$(%()*("!%

)) * *("*!%() &( *( )* %()$(*(#)'!$ $ % &' *( )*&'! $(#

)%!*&' !) ( * #" & )$*%'!*&'()# &) $* &( ( )* )" )* "*%#)*&' )' &' * %' &' %'!*!) ) " &' *( )*&'! $(# * " %

"%+ "%)+ )#'($*+"%+#"+* * %( ) '$$ * * * * *

& '($ $ $ #& (&"'$ )& )!&% " *

(*(# )#)') $ " *

mipim

neWs Cross-border co-operation boosts Frankfurt’s appeal

‘W

ITHOUT bor- capital region and a gateway ders’ is the to Poland and Eastern Europe. strapline of the And the other is to show how c o n u r b a t i o n the two towns are coming clothat straddles ser together.” the border between Germany Citing the universities of both and Poland on the river Oder, a Frankfurt and Slubice, which atshort distance to the east of Ber- tract students from across Eastern lin. Together, Frankfurt Europe, Wilke said (Oder) and the Polish that investment into town of Slubice stand the area is coming as an example of crossfrom a round the border urban co-operaworld. Projects are tion, according to Franattracting backing kfurt’s lord mayor, Dr from Denmark, the Martin Wilke. US, France and GerWilke said that were many, among others. two reasons for coming “It makes sense to atto MIPIM: “The ﬁrst is tract investment with lord mayor Martin to show that Frankfurt Frankfurt options from two Wilke: “options from two is part of the German markets” markets,” he added.

Pilotez efficacement toutes les étapes de vos opérations immobilières

Opérations Immobilières sur tablette via l’application Monikiosk” : iPad Androïd

Chaque mois,

La revue pour décrypter et analyser les grands enjeux de votre activité Urbanisme et Environnement - Construction - Ventes et Contrats spéciaux Gestion et Professions - Financement - Fiscalité

Chaque semaine,

La newsletter pour suivre l’actualité du secteur

Au quotidien,

A tale of two cities: the Frankfurt/Slubice conurbation straddles the river Oder

Boutique is best for old hotels OCCUPATION rates at some smaller Paris hotels have been increased from around 50% to 90% by transforming them into boutique establishments. Axel Schoenert, director of Axel Schoenert Architectes Associes, told a gripped meeting in the HTL lounge how the potential of older hotels could be realised. Transforming a 40- to 50-room hotel might take 15 to 18 months. About six months would go into planning and nine months into the actual work. Hotels could

remain open during the work as changes could take place one ﬂoor at a time. One example is the 61 Paris Nation Hotel, which has been remodelled in Sixties style. Two ﬂoors of the hotel were upgraded at a time. The work cost around €40,000 per room. The key, Schoenert said, is to create an individual feel to each hotel. For instance, the Hotel de Bretagne in Paris is being modelled on a theme of travelling across both time and destination.

Le site www.operationsimmobilieres.com pour accéder 24h/24 où que vous soyez à tous les services numériques ou l’information de dernière minute Base de données - Alertes - Compléments rédactionnels - Archives Revue en version numérique…

Abonnement 1 an : 10 numéros

(version papier + numérique)

399 € TTC

Retournez-nous dès maintenant votre demande d’abonnement :

Opérations Immobilières - Service diffusion 17 rue d’Uzès - 75108 Paris cedex 02 www.operationsimmobilieres.com Renseignements Service Clients : 01 40 13 50 65

Participez au 6e Pro-Am de golf des VIP de l’immobilier !

Plus d’information : Thomas Cabrières - 01 46 05 09 73 - tcabrieres@bcm-sports.com Inscription : Anaïs Piot - 01 44 83 62 84 - apiot@businessimmo.fr

Connecting Real Estate

mipim

neWs C&W braced for inﬂux of new business into Turkey

Members of C&W’s Turkey team: Tugra Gonden, Didem Erendil, and Togrul Gonden

HE LATEST additions to real estate advisor Cushman & Wakefield Turkish office talked to MIPIM News about the regional phenomenon that Turkey has become. Brothers Togrul and Tugra Gonden have joined Cushman & Wakeﬁeld from Jones Lang LaSalle as partners and members of the Turkish board of directors. Didem Erendil has also re-joined the Cushman & Wakeﬁeld team from Pramerica as director for Capital Markets. The reason behind the rapid

expansion of C&W’s main Turkish ofﬁce in Istanbul is as a response to the “central importance of Turkey as a destination in its own right and as a regional springboard for entry to the entire region”, Tugra Gonden said. “It’s very likely that a European or American ﬁrm will increasingly be looking to headquarter its entire Middle East operations in Istanbul rather than elsewhere in the region.” Such moves make a lot of sense, Togrul Gonden said. “Turkey is going headlong on a series of massive infrastructure projects

which will transform the business environment. There’s the third Bosphorus bridge; the new airport which will be the biggest in the world; there are satellite residential cities being built round Istanbul; there’s the massive Bosphorus bypass canal; and there are a series of huge replanning proposals to cope with the effects of earthquake.” Both brothers and Erendil agreed that Istanbul will be in the centre of the world as much in the 21st century, as it was in the 16th century.

INTERNAL GROWTH AND EXTERNAL FOCUS ONE OF the prime movers behind the creation of the Turkish Pavilion – at MIPIM for the ﬁrst time – is Avi Alkas, chairman of Istanbul-based Alkas and chairman of consultant Jones Lang LaSalle’s operation in Turkey. “The Turkish attendance at MIPIM has been growing for a number of years now,” Alkas said. “At the same time we’ve seen the attention of the world focusing closely on Turkey as one of the fastest growing economies in the world, with some authorities putting its growth second only to China. And we wanted to bring those two forces, the internal growth and the external focus, together.” Of the new pavilion he said: “It’s not only a good place to meet investors interested in Turkey, it’s also the start of a new era for Turkey and MIPIM,” Alkas said. Alkas sees the Pavilion as being particularly useful for ﬁrst-timers at MIPIM. “And of course, those companies that choose to exhibit separately and not be part of the Pavilion exhibiting space we call the Agora for their press conferences, and be a part of the Turkish Pavilion experience by that means.”

Zorlu has something for everyone MEHMET Even, vice-president of Zorlu Property Group, said that while the location for the new mixed-use Zorlu Center project is second-to-none — near the end of the ﬁrst bridge over the Bosphorus — what really sets it apart is the fact that it is “one of the very few projects anywhere with all five functions: retail, office, leisure, hotel, and a 3,000-seat perfor-

ming arts centre”. One of the aims of the project is to satisfy all the social and work requirements of the Centre’s residents. The Zorlu Center project, designed by the joint venture of Emre Arolat Architects and Tabanlıoglu Architects, won the Architectural Review Future Project Awards 2011 at MIPIM in the Regeneration and Masterplanning category. The

project is set in 10.6 ha of which 7.8 ha will be green space. “And as part of that we’ll have the largest children’s play area in the city,” Zorlu said. “We also aim to create a distinctive and unique project that adds value to the whole city of Istanbul. And we believe at Zorlu that we are making a huge contribution to the process of making the new Istanbul an attractive city.”

The Zorlu Center in Istanbul: all ﬁve functions

The property market and the Financial Times The Financial Times, one of the worldâ&#x20AC;&#x2122;s leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing essential news, comment and analysis for the global business community. The FT (online, in print, tablet and smartphone) reaches more key decision makers who authorise business premises and industrial sites than any other international media organisation*, and these readers are responsible for more business expenditure on commercial property than any other international quality daily. Within the past year they made business purchase decisions worth â&#x201A;Ź1.01 trillion. (BE Europe 2012) For information on advertising solutions please contact: Lyn Thompson +44 (0)20 7873 4967 lyn.thompson@FT.com

*Daily, digital and platform monthly usage

mipim

neWs VPS HELPS TO AVOID THE EMPTY THREAT PROPERTY owners and occupiers could be losing thousands of euros through the mismanagement of their empty units, an expert in vacant property has said. Mark Silver, CEO of specialist vacant-property management company VPS, said that with proper planning and maintenance the value of empty properties can be protected and risks to the owner mitigated. These include increased insurance costs through vandalism and other forms of damage, and hazards such as open asbestos and crime. VPS works with property funds, private owners and occupiers throughout Europe and, increasingly, in the US to manage empty property on their behalf. “There are tangible beneﬁts to managing vacancy properly. If a property is not looked after, it very quickly goes downhill. We look after vacant properties, carry out regular risk assessments for owners and keep them in good shape for reoccupation.” Silver added that, on average, most large property portfolios have a vacancy rate of around 10%, which can cost their owners dear. By managing and securing these vacant units, owners can reduce their own exposure to risk and ensure a smoother transition to re-letting or selling. This, Silver added, also provides a valuable service to communities by reducing “blights to high streets”. UK-based VPS operates throughout Europe via a network of depots in several countries. It is now in the process of establishing a foothold in the US.

Ambitious Ukraine proves it can build European-quality property

Kiev has a range of opportunities for investors

KRAINE is home to a raft of developments and opportunities for i nvest ment i n a nd around the capital Kiev, representatives of the Eastern European country have said. At MIPIM, a number of Ukrainian developers are showcasing the residential, commercial, retail and infrastructure projects either under construction or forming part of their country’s ambitious plans for its future. Kiev-based KAN Development has a variety of projects on show. These include a 65,953 sq m residential complex, Central Park, in the centre of Kiev, which is due for completion next year, and the 292,246 sq m Victory Towers project. Another developer with a major pipeline of projects in and around Kiev is Eastgate Development. Specialising in retail malls, Eastgate has built some 50,000 sq m of shopping-centre space in

Ukraine, and is currently developing the 90,000 sq m Cosmo Mall in the country’s second largest city, Kharkiv. Kiev deputy mayor Ruslan Kramarenko said: “Ukraine is a country of opportunity. It’s the right place to invest in, and the right time to ﬁnd out what type of country it is. We will support investors from the moment they ﬁrst study our market until the

end of a project.” Ukraine’s proﬁle was boosted by being nominated as the co-host of the 2012 UEFA European Football Championship, which Kramarenko said was the perfect way for Europe to see the country. “It showed that we can build European-quality property,” he added. “The country is more stable than before, both politically and economically.”

Ukraine hosted the 2012 UEFA European Football Championship

PICTURED here at the rafﬂe draw held on the COFECI stand are the Brazilian realtors association’s CEO, Heitor Kuser (left), and president, Joao Teodoro da Silva. The winners received prizes of footballs and a shirt in the ofﬁcial national colours of Brazil

VPS’ Mark Silver: “tangible beneﬁts”

CNN BUSINESS ALWAYS ON THE MONEY Our global team asks opinion leaders the hard questions and uncovers the real issues. Keep up to date with business and finance on the number one international news channel.*

cnn.com/business *For monthly, weekly and daily audience reach. Source: GEMS 2012 â&#x20AC;&#x201C; The Media Survey of Global Affluents / Ipsos Synovate. Universe = 68,890,000 adults across 47 markets. CNN name, logo and all associated elements TM and ÂŠ 2013 Cable News Network. A Time Warner Company. All Rights Reserved.

mipim

neWs Recovering US housing market attracting inward investment

HE US housing market is filled with opportunities for European investors and funds with promising signs of an economic recovery already emerging from the sector, a residential developer has said. Miami-based housing developer Lennar, which has built properties throughout the US, is at MIPIM for the first time to showcase what it says are numerous opportunities for funds and private investors to capitalise on growing confidence and demand among American homeowners. Lennar is exhibiting at the stand with One World Properties, also from Miami, which is working in partnership with the developer on the international market. Speaking to MIPIM News One World Properties CEO Peggy Fucci said: “It’s the first time a major US home builder has reached out to the European investment and brokerage community. “There is a lot of opportunity and lots of business that needs equity. Prices are up in most of the market, and now we want to bring European investors to the US. There has been so much interest from European funds and

brokers, and we said ‘we need to get over there’.” Lennar, which has a US-wide portfolio worth around $5bn (€3.8bn), builds residential houses typically valued at $300,000 — $400,000, in what it describes ‘resort cities’ such as Orlando, Miami and Las Vegas.

Many of the houses are located strategically to cater to certain ‘lifestyle’ uses such as golf, or for retirement or second home uses near to beach resorts. Lennar has also built properties in New York City, Houston, Texas and is currently developing housing in San Francisco.

One World Properties CEO Peggy Fucci

RYDER RETHINKS HOSPITAL DESIGN

Ryder’s hospital concept

RYDER Architecture has created a concept design for a hospital in Hong Kong, which will create a fluid arrangement of space. The 50,000 sq m facility provides flexibility for bookable outpatient clinics, reducing duplication of space and driving efficiencies in the overall building area. Standard rooms are developed on a modular basis with consistency of size that will allow ease of transition from treatment room function to consultation and examination function. There will be suites of single room inpatient accommodation in anticipation of a declining need for large blocks of inpatient beds. This will provide longer-term adaptability for outpatient or day case requirement.

KPF showcases European projects

KPF at MIPIM in force: John Bushell (left), Cristina Garcia, Eugene Kohn and James von Klemperer

NEW YORK-based architect Kohn Pedersen Fox Associates (KPF) was at MIPIM to showcase a number of current projects, including schemes in the UK and France. These included office development Sixty London, proposed residential tower One Nine Elms — both in London — and the Parc Du Millenaire ofﬁce development in Paris. Chairman Eugene Kohn said that MIPIM provided the ideal platform to bring developers and potential investors together. “I have been at every MIPIM from the second one,” he said. “Often for investors, being able

to see the projects allows them to visualise and better understand the projects. That can be key to attracting funding and our stand can help that process.” The company’s Paris project was reignited at a previous MIPIM after a long period of dormancy, said design principal James von Klemperer. “Now the project is about to begin construction and the French Ministry of Justice has agreed to take space.” KPF has completed 278 projects around the world and its current project book includes schemes from 12,000 sq m to 12 million sq m, Kohn said.

Get all your industry and MIPIM coverage – now available on your tablet

From the latest deals and developments, through to analysis of trends, you won’t need to go anywhere else for coverage of the property world’s most important events. You can keep track on Twitter @PropertyWeek, access content via your mobile, smartphone, read the latest news on our rolling daily edition on your tablet or log on to the main desktop site at your leisure. Read the breaking news as it happens — follow us on Twitter: @MrMikePhillips @EmmaHaslett @SarahAnnStewart @HatcherDavid

Online: www.propertyweek.com/mipim Mobile: m.propertyweek.com Tablet: app.propertyweek.com Newsletters: www.propertyweek.com/my-account/my-newsletters

To add the tablet to your current subscription or find out more about our packages, call 08448 150 850

mipim

neWs INVESTORS LOOK PAST LONDON

ROSSR A I L , t he east-west rail link c u r r e nt ly u n d e r construction in London, is driving property investment in the UK capital, according to a report from property consultancy GVA. In January, CBRE Global Investors acquired two central London properties on Tottenham Court Road and Clerkenwell Road in a £20m (€22.95m) deal, while in the same month Goldman Sachs submitted plans for a 1.2 million sq ft ofﬁce scheme along Farringdon Street. It is also expected that developers AXA Real Estate will complete the construction of Sixty London in Farringdon this summer. Crossrail’s own property depart-

S En eafr tra ont nc e

MAJOR cities in the UK and satellite towns in the south and southeast could beneﬁt from the struggle to ﬁnd value in London retail property, according to BNP Paribas Real Estate. As a result, more investment could be freed up for the UK market. Senior director and head of retail investment, Simon Williams, said that, despite the phenomenal rise in demand and rents for prime retail real estate in London, some investors now believe value could be found outside the UK capital. Williams said: “Many investors seem to be approaching the situation with more of an open mind and we believe that could see more of a spread in investment this year.”

Study conﬁrms Crossrail’s positive impact on London

Crossrail’s Ian Lindsay: “making good progress”

ment has secured planning permission for close to 92,900 sq m of development space. A total of 278,700 sq m has already been earmarked for office, retail and residential property above new Crossrail stations and sites. All these projects are expected to benefit from the 10% increase in rail network capacity that Crossrail is set to deliver when it finally opens for business in 2018 (work began in 2009). Ian Lindsay, Crossrail director of property, said: “With our own property plans also making good progress and plenty of commercial opportunities still in the pipeline, Crossrail will continue to be a key driver in the future development of London.”

LERINS HALL RIV VIER VIERA RA HALL HA HA RIVIERA SEAVIEW RIV

Acce es ss tto Lerin ns Ha ns Hall alllll & Rivie e Sea era aview a view

Schedules are available in hotels and at any information point in the Palais des Festivals

PALAIS DES FESTIVALS C En roise tra tte nc e

GARE IME MARIT

Mipim Shuttles

Shuttle hotline: +33(0) 620 93 00 62 The world’s property market

If your hotel is located outside Cannes, check out the free shuttle service. Available to all delegates from 08:00-00:00

DOSSIERS IMMO BELGIUM /ÂˇHVVHQWLHOOH ,002 OH PDJD]LQH LPPRELOLHU GH SUHVWLJH HQFDUWp WRXV OHV PRLV GDQV Â´/D /LEUH %HOJLTXHÂľ OH TXRWLGLHQ EHOJH QDWLRQDO PORTRAIT BURO II & ARCHI + I ZOOM BATIBOUW 2013 TABLE RONDE CONSTRUIRE, RĂ&#x2030;NOVER, AMĂ&#x2030;LIORER IMMOBILIER PRĂ&#x2C6;S DE 300 BIENS Ă&#x20AC; VENDRE ET Ă&#x20AC; LOUER

Lâ&#x20AC;&#x2122;ouragan Sandy fait trembler les Etats-Unis

LE MAGAZINE IMMOBILIER DE LA LIBRE â&#x20AC;&#x201C; FĂ&#x2030;VRIER 2013 â&#x20AC;&#x201C; NÂ°104

p. 3

MIPIM

ANDREW BURTON/GETTY/AFP

2012

Dossier Salon MIPIM

Alain Robbe-Grillet, vu par sa femme, Catherine. Et publication de leur correspondance. Pages 2-3

Samedi 9 mars

SupplĂŠment Ă La Libre Belgique du lundi 29 octobre 2012

CHRISTOPHE LEHENAFF/PHOTONONSTOP/REPORTERS

Sexe et religion : une orageuse liaison

l RĂŠcit

Une nuit sans fin ě&#x201D;° Pour

renouer avec celui quâ&#x20AC;&#x2122;Alzheimer a rendu autre, Arno Geiger retrace la souffrance et le dĂŠsarroi de son pĂ¨re et de ses proches.

ě&#x201D;° Un

rĂŠcit remarquable et nĂŠcessaire, bouleversant et poĂŠtique.

acques Derrida devait avoir raison de le dire : On ne cesse dâ&#x20AC;&#x2122;implorer pardon quand on ĂŠcrit.â&#x20AC;? La luciditĂŠ de ces quelques mots rejaillit sur tout le rĂŠcit, Ă la fois douloureux, intense et bouleversant, quâ&#x20AC;&#x2122;Arno Geiger (Bregenz, 1968) consacre Ă son pĂ¨re. Pris au piĂ¨ge de la maladie dâ&#x20AC;&#x2122;Alzheimer, ce dernier a perdu de sa superbe pour se muer en un â&#x20AC;&#x153;vieux roi en son exilâ&#x20AC;?. DĂ¨s lâ&#x20AC;&#x2122;instant oĂš August nâ&#x20AC;&#x2122;a plus eu accĂ¨s Ă lâ&#x20AC;&#x2122;univers dâ&#x20AC;&#x2122;Arno, le fils a dĂŠcidĂŠ de jeter un pont vers son pĂ¨re. En rĂŠsulte ce joyau sobre et poignant.

Les premiers signes dâ&#x20AC;&#x2122;un manque dâ&#x20AC;&#x2122;entrain nâ&#x20AC;&#x2122;ont alertĂŠ personne. August ne venait-il pas de voir sa femme le quitter aprĂ¨s trente ans de mariage ? Ne vieillissait-il pas, tout simplement ? Jusquâ&#x20AC;&#x2122;au jour oĂš un diagnostic fut posĂŠ. DĂŠbuta alors â&#x20AC;&#x153;le temps des pertes irrĂŠversiblesâ&#x20AC;?. Les bizarreries comportementales avaient dĂŠsormais une explication. Qui nâ&#x20AC;&#x2122;offrait aucun rĂŠconfort Ă son entourage. â&#x20AC;&#x153;Je mâ&#x20AC;&#x2122;effrayais chaque fois de voir combien il paraissait vulnĂŠrable, abandonnĂŠ. Il avait changĂŠ, lâ&#x20AC;&#x2122;expression dâ&#x20AC;&#x2122;accablement qui se lisait sur son visage ne disait plus le dĂŠsespoir de perdre la mĂŠmoire, mais lâ&#x20AC;&#x2122;apatriditĂŠ profonde dâ&#x20AC;&#x2122;un homme pour qui le monde entier ĂŠtait dĂŠsormais une terre ĂŠtrangĂ¨re.â&#x20AC;? Une ĂŠpreuve insurmontable pour lui qui avait survĂŠcu de justesse Ă la Seconde Guerre mondiale et ĂŠtait rentrĂŠ chez lui, Ă dix-neuf ans, en formulant le serment de ne jamais plus quitter sa maison. La maladie transforme les proches dâ&#x20AC;&#x2122;August. BientĂ´t, ceux-ci doivent se rĂŠsoudre Ă faire appel Ă des aides-soignantes. Elles nâ&#x20AC;&#x2122;ont pas toutes la patience nĂŠcessaire, sâ&#x20AC;&#x2122;effraient de ses excĂ¨s. Certaines situations sont cocasses, mais la peur et le dĂŠsespoir ba-

laient ce sentiment. Il y a aussi ces instants arrachĂŠs Ă la maladie, le rĂŠpit de quelques heures heureuses. MĂŞlĂŠ Ă un sentiment dâ&#x20AC;&#x2122;urgence, de bonheur parfois, mais aussi de faillite. â&#x20AC;&#x153;[â&#x20AC;Ś] jâ&#x20AC;&#x2122;en savais trĂ¨s peu sur mon pĂ¨re, sur ses origines, ses dĂŠfaites, ses peurs et ses dĂŠsirs.â&#x20AC;? Tressant de sa plume racĂŠe et poĂŠtique un lien nouveau avec son pĂ¨re, Arno Geiger â&#x20AC;&#x201C; dont un premier roman, â&#x20AC;&#x153;Tout va bienâ&#x20AC;? (2008), avait ĂŠtĂŠ couronnĂŠ par le prestigieux Deutscher Buchpreis â&#x20AC;&#x201C; montre que la maladie est un rĂŠvĂŠlateur sans fard. â&#x20AC;&#x153;Les spĂŠcificitĂŠs humaines et les situations sociales sâ&#x20AC;&#x2122;y reflĂ¨tent comme dans un verre grossissant.â&#x20AC;? Ce rĂŠcit digne et marquant, quâ&#x20AC;&#x2122;il a voulu terminer avant quâ&#x20AC;&#x2122;August ne meure, estimant que son â&#x20AC;&#x153;pĂ¨re, comme tout homme, mĂŠrite que son destin reste ouvertâ&#x20AC;?, tĂŠmoigne dâ&#x20AC;&#x2122;un amour rare. â&#x20AC;&#x153;Presque aucun homme nâ&#x20AC;&#x2122;arrive Ă ĂŞtre Ă la hauteur de lâ&#x20AC;&#x2122;image que les enfants se font dâ&#x20AC;&#x2122;un pĂ¨re.â&#x20AC;? GeneviĂ¨ve Simon Le vieux roi en son exil Arno Geiger / traduit de lâ&#x20AC;&#x2122;allemand par Olivier Le Lay / Gallimard / 180 pp., env. 17,50 â&#x201A;Ź

NAMUR - LUXEMBOURG - LUNDI 29 OCTOBRE 2012 - www.lalibre.be

La deuxiĂ¨me vie de certaines de nos ĂŠglises La modernisation des fabriques dâ&#x20AC;&#x2122;ĂŠglises entraĂŽnera des dĂŠsacralisations de lieux du culte. pp. 4-5

Dossier rĂŠalisĂŠ par la RĂŠgie GĂŠnĂŠrale de PublicitĂŠ - Mars 2012

Afrique du Sud : dĂŠbat sur la rĂŠforme agraire.

Rednic retrouve le cĹ&#x201C;ur du Standard.

Rencontre avec AgnĂ¨s Limbos, reine des objets.

International pp.12-13&Edito p.56

Sports pp.26-27

DĂŠcouvertes pp.42-43

Quotidien europĂŠen â&#x20AC;&#x201C; Belgique 1,20 â&#x201A;Ź â&#x20AC;&#x201C; France 2 â&#x201A;Ź â&#x20AC;&#x201C; Luxembourg 1,20 â&#x201A;Ź

ARCHITECTURE INTELLIGENCES URBAINES

rs ie rn rs De jou

MONTURE GRATUITE !

*Non cumulable avec dâ&#x20AC;&#x2122;autres actions. Valable jusquâ&#x20AC;&#x2122;au 31/10/12. Conditions sur pearle.be.

129e annĂŠe â&#x20AC;&#x201C; nÂ° 303 â&#x2DC;&#x2026;â&#x2DC;&#x2026;

TĂŠl.: 02/744.44.44

Audience

Samedi 9 novembre

Lectorat la Libre :

191.100 lecteurs (+24%) FLP 3DSLHU

Sites - Libre.be : 140.662 v/j

6FRUHV QRY

ÂŤ Lâ&#x20AC;&#x2122;architecture est la volontĂŠ de lâ&#x20AC;&#x2122;ĂŠpoque transformĂŠe dans lâ&#x20AC;&#x2122;espace Âť Mies Van Der Rohe

PHOTO NEWS

Dossier rĂŠalisĂŠ par IPM IMMO - DĂŠcembre 2012

Portrait

SupplĂŠment Ă La Libre Belgique - NÂ°007 - Semaine du 22 novembre au 29 novembre 2012

Rencontre avec Guy Lecobel, fondateur de lâ&#x20AC;&#x2122;agence century 21 P. 3

En vue medium

/D /LEUH ,002 OH VXSSOpPHQW LPPRELOLHU FKDTXH MHXGL GDQV /D /LEUH %HOJLTXH

ARCI ASSOOCIĂ&#x2030;S

P. 2-3

Avant-AprĂ¨s Grand place de Tournai dans le hainaut

Le dossier bold

D.R

P. 4

Notre analyse sur les nouveaux concept architecturaux urbains

Dossier Salon REALTY Jeudi 16 mai

Nos annonces

P. 7>16

JOHANNA DE TESSIERES

D.R.

PASSION

ARCHITECTURE

Dans ce supplĂŠment, 11pages pour trouver le bien de votre choix PP. 2-3

Rendez-vous sur www.Logic-immo.be

Dossier Salon MAPIC Jeudi 14 novembre

WORTEGEM-PETEGEM T. 055 39 03 90

TESSENDERLO T. 013 29 27 17

OVERIJSE T. 02 657 39 16

toutes nos rĂŠalisations sur www.SWIMMINGPOOLS.be

RETROUVEZ VOS DOSSIERS SUR WWW.LOGIC-IMMO.BE

SupplĂŠment Ă La Libre Belgique - NÂ°007 - Semaine du 22 novembre au 29 novembre 2012

YHUR OHFOHUFT#LSPLPPR EH Â&#x2021; GDSKQH PHUWHQV#LSPLPPR EH

IPM IMMO - Rue des Francs 79 - 1040 Bruxelles

Dossier ARCHITECTURE & Grands Projets

NEW! MIPIM LOGISTICS PAVILION

THE EXCLUSIVE HUB FOR LOGISTICS REAL ESTATE PROFESSIONALS A FULL PROGRAMME OF CONFERENCES AND EVENTS AT THE HEART OF A DEDICATED EXHIBITION AREA

VISIT THE MIPIM LOGISTICS PAVILION, LEVEL 01 AISLE 8 IN PARTNERSHIP WITH Business partners

Media & industry partners

mipim

neWs WORLD CUP BRINGS BENEFITS TO NIZHNY NOVGOROD THE NIZHNY Novgorod region of Russia is ripe with opportunities for investment with a wealth of new developments in the pipeline, its deputy governor told MIPIM News. Nizhny Novgorod deputy governor Natalia Kazachkova, said that a number of factors, including the upcoming World Cup, were presenting opportunities for international real estate investors interested in the region. She said: “We have lots of programmes at the moment, including the construction of the new stadium ready for the World Cup in 2018. There are also lots of projects linked with the stadium, such as hotels and the development of other sporting facilities.” Kazachkova said that the regional government was open to discussions with developers and funds interested in opening talks, and highlighted her commitment to encouraging new businesses with public private partnerships. The government, she said, was willing to work with partners at all stages of the development including the initial research.

From Calais with love: work starts at Spyland theme park

Shoot ‘em up at Spyland

S A major port of entr y for Br itish tourists heading for continental Europe and historically part of England, Calais has long been regarded as a gateway to France. And in 2016 the British and any other tourists in the Calais region will ﬁnd a further reason to make a pit stop in the area when the nascent Spyland theme park — located on a 45 ha site a few minutes from the city centre — becomes a reality. Work on the secret agent-themed park that will offer entertainment

and education, kicks off this year with a feasibility study. Following approval, it is anticipated that development and construction will begin in 2014 and continue for two years, when the ﬁrst visitors are scheduled to arrive. The aim of the project is to provide additional impetus to the renovation and tourism initiatives already under way in the region and give the area a unique proposition. Spyland will feature 800 hotel rooms, ranging from two to four stars, 5,000 sq m of retail and between 3,000 and 4,000 parking spaces. The project will be un-

dertaken in phases with the ﬁrst phase involving an investment of €393m and €658m being spent on the second phase through to 2016. Bertrand Eliard, president of Noraparc, the Spyland developer said: “We spent a long time considering a suitable location and ﬁnally Calais was good for us. A theme park in the northern part of Europe is much more effective than further south because we don’t have the sun and the sea as competition!” Further details of Spyland are available from the Calais Region stand at MIPIM.

Low-rise luxury close to Brussels

The four building Lindepark project comprises one four-storey 1,482 sq m building, two four-storey 1,831 sq m buildings and one three-storey 1,918 sq m building. With a total of 60 apartments, each with its own terrace, Lindepark provides room for a wide variety of different housing units. The ﬁrst phase comprising three new buildings is scheduled for completion at the end of 2014. The second phase, which includes the conversion of the existing library building into apartments, starts later.

ITALIAN DESIGN ON SHOW MADE expo, the Italian trade show for the building and planning sectors, presented a case study from Italian architect Marco Piva entitled Urban Evolution at MIPIM Innovation Forum yesterday, as part of a drive to raise the proﬁle of design from the country.

Lindepark in Tervuren, Belgium

LINDEPARK in Tervuren, Belgium is the latest low-rise residential ensemble designed by JaspersEyers Architects and developed by Immobel. Nestled in a 0.55 ha landscaped garden adjacent to the valley of the river Voer with direct views over Robiano Castle, Lindepark is located in the heart of Tervuren municipality north of Brussels. Tervuren is linked to the Brussels CBD via the Avenue de Tervuren, originally built by King Leopold II, or via a tramline.

NEW! MIPIM INNOVATION FORUM

Seeking solutions to increase the value of your property asset through innovation?

Visit the

“In 10 years, all shopping will be online.”

… and the earth is flat.

At ECE, we tend not to believe in platitudes. Instead, we actively explore how our industry will develop. And most importantly, we ask our customers about their perspective. Together with Roland Berger Strategy Consultants, we recently interviewed almost 42,000 people and analyzed around 2,000 shopping diaries. The result can be found in one of the most comprehensive studies into how people really act in today‘s retail world. Key insight: offline retail continues to be a main driver for the future of shopping. Find out the full story at www.ece.com/multichannelstudy

Shopping | Office | Traffic | Industries ECE Projektmanagement G.m.b.H. & Co. KG Heegbarg 30, 22391 Hamburg, Germany Phone: +49 (0)40 606 06-0, Fax: +49 (0)40 606 06-6230 www.ece.com, info@ece.com

at Visit us 1 6.0 Stand 1