Mipim 2017 news 1

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Tuesday 14 March 2017

www.mipim.com

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NAKHEEL

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Nakheel unveils new retail, residential and hotel deals on the first day in Cannes

MANCHESTER

WELCOME TO A LAND ALIVE WITH OPPORTUNITY Visit UK Government at C16.C great.gov.uk

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MIPIM veteran Sir Howard Bernstein bows out after 45 years with the city of Manchester

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The UK has the fastest growing economy in the G7. Attracting more foreign direct investment than anywhere else in Europe, it’s easy to see why over 1,000 new businesses are starting up here every day.

P3 reveals ambition to expand beyond Central and Eastern Europe after cash injection

Discover a land alive with opportunity at great.gov.uk

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02/03/2017 11:22

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CONTENTS NEWS

WHAT’S HAPPENING TODAY

4 HOK says prepare for the worst and hope for the best; Health and Wellness adds value: WPP shakes up real estate strategy; and more...

PROJECT NEWS

• Opening Ceremony: How Connectivity Is Reshaping Global Affairs?

Keynote address by Dr. Parag Khanna 10.00-11.00 – Grand Auditorium, Palais 1 •W orldwide Overview: What Are The Global Indicators Saying?

11.15-12.00 – New Deal room, Palais 3

63 Emerging schemes from around the world

•O usting The Establishment: What Is The Impact On The RE Industry?

14.00-14.45 - New Deal room, Palais 3 •H ow Is London Responding To The Immediate Challenges Posed By Brexit?

15.15-16.00 – Market Trends room, Palais 3 •W hich Capital Cities In Europe Have Most To Gain From Brexit?

16.30-17.15 - Market Trends room, Palais 3

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e Schedulce

ren Confe me a r prog m P35

FEATURES 77 Why everybody’s going Dutch

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79 Startups cross the finish line

The official MIPIM daily newspaper Tuesday 14 March 2017

Director of Publications Paul Zilk Director of Communication Mike Williams EDITORIAL DEPARTMENT Editor in Chief Graham Parker News Editor Doug Morrison Sub Editors Clive Bull, Julian Newby, Joanne Stephens Proof Reader Debbie Lincoln Reporters Ben Cooper, Mark Faithfull, Isobel Lee, Mark Moore, Liz Morrell, Paul Strohm Technical Editor in Chief Herve Traisnel Deputy Technical Editor in Chief Frederic Beauseigneur Graphic Designer Muriel Betrancourt, Véronique Duthille, Carole Peres Head of Photographers Yann Coatsaliou / 360 Media Photographers Christian Alminana, Phyrass haidar, Olivier Houeix, Michel Johner Editorial Management Boutique Editions PRODUCTION DEPARTMENT Publishing Director Martin Screpel Publishing Co-ordinator Emilie Lambert ADVERTISING CONTACT IN CANNES Laurianne Di Cecca 07 77 69 34 96 laurianne.dicecca@reedmidem.com Reed MIDEM, a joint stock company (SAS), with a capital of €310.000, 662 003 557 R.C.S. NANTERRE, having offices located at 27-33 Quai Alphonse Le Gallo - 92100 BOULOGNEBILLANCOURT (FRANCE), VAT number FR91 662 003 557. Contents © 2017, Reed MIDEM Market Publications. Publication registered 1st quarter 2017. Printed on PEFC Certified Paper.

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NEWS Brexit: expect the worst but hope for the best

AMF introduces next phase of Urban Escape Stockholm

HOK’s Chris Fannin

AMF Fastigheter’s Tomas Krywult

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F PROPERTY development cycles are long, how can smart cities anticipate and incorporate the technologies of tomorrow? Chris Fannin, director of planning at global design, architecture, engineering and planning firm HOK, will be exploring architecture’s next frontiers at tomorrow’s conference How To Think In Advance The Cities Of Tomorrow?

HOK’s London studio, where Fannin works, is working on several smart-city projects in the Middle East – and also currently has a strong UK focus with around 50% of its projects located in the capital. Is Brexit a worry? “I think we’re cautiously optimistic that the market will hold,” said Fannin. “Right now, everyone’s preparing for the worst and hoping for the best.”

In the context of design, “No one can look into the future and anticipate what will happen, but

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MF Fastigheter, one of Sweden’s largest property investment and development companies, is at MIPIM to unveil the latest stage in its Urban Escape Stockholm scheme.

Covering around 131,000 sq m of space, Urban Escape will be Stockholm’s most servicefocused business district, in a prime area comprising five buildings, four streets and two squares, anchored by shopping centre Gallerian.

“Including 62,000 sq m of office space, 38,000 sq m of retail and leisure as well as two unique hotels, the development will seamlessly integrate the wider business ecosystem in a strategic city location,” said Tomas Krywult, who joined AMF in February as head of Stockholm City.

“We’re at MIPIM to announce the launch of two hotels and three res-

by analysing certain data patterns, there are ways to predict behaviour and human desires as we move forward,” Fannin said.

“We’ve found that happiness is not affected by better public realm spaces or architectural elements, but rather things like employment and shorter commutes. That suggests that designers need to be more proactive in general, rather than waiting for policy and then speaking out.” He added: “If you live in a smart city, it doesn’t need to feel like a smart city,” Fannin said. “We make sure our projects are grounded in experience.”

HOK has several reasons to be hopeful, including the success of its recently opened Francis Crick Institute, a state-of-the-art biomedical research institute at Kings Cross. Construction has also started on Spire London, a 67-storey apartment complex which will be the tallest residential tower in Western Europe.

taurants on March 23, which mean that Urban Escape Stockholm is one-third complete,” Krywult added. “These include a rooftop restaurant and two further casual dining concepts, while the hotels will add 543 keys to the city.”

Run by Petter Stordalen, owner of Nordic Choice Hotels, the larger of the two hotels, At Six, will be crowned by rooftop restaurant TAK, overseen by awardwinning chef Frida Ronge.

Next door is creative lifestyle hotel Hobo, so-called to reflect the nomadic and transient nature of Stockholm’s community, designed by the award-winning Werner Aisslinger from Berlin.

“Our other news at MIPIM is the expansion of the Mood shopping centre into the Mood district,” Krywult said. “AMF has bought up the buildings around the centre and we’re going to breathe new life into that area, giving people a new reason to explore those streets.”

HIGHLIGHTS

MIPIM is enhancing its welcome to firsttime visitors with a dedicated lounge in the Gare Maritime complete with a concierge

The Palais dressed for business

Ring for service

Gare Maritime, the first port of call

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NEWS Nakheel shares its ‘vision of Dubai for the 21st century’

Manchester on a high as Sir Howard Bernstein bows out

Nakheel’s Sanjay Manchanda: “a world-class destination for living, business and tourism”

Sir Howard Bernstein: “Manchester is open for business”

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UBAI is in Cannes to showcase Dubai’s €1.5bn worth of real estate opportunities, which range from plots to commercial to residential to hotels, said Sanjay Manchanda, CEO of developer Nakheel.

“We are looking to talk to investors and buyers, create relationships and build networks,” Manchanda told MIPIM News.

“A strong part of our message is to stress the advantages of Dubai as a focus for development. We have a very stable market, comprehensible institutions and a transparent legislative system.”

Nakheel is “one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century — which is to create

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HIS WILL be the last time that Manchester City Council’s chief executive Sir Howard Bernstein comes to MIPIM in his present role.

Bernstein, a familiar figure in Cannes having attended some 15 MIPIMs, is standing down as Manchester’s chief executive.

Nevertheless, the city’s presence at the show is growing. “We are at MIPIM at the end of the day because the private sector in Manchester wants to be here and it is important for the city council to be here to support that,” Bernstein said.

Manchester has a new pavilion at MIPIM this year, having approximately doubled its presence to 113 participating companies over the last 10 years. The city first attended MIPIM in 2000.

Bernstein observed that MI-

a world-class destination for living, business and tourism”, Manchanda added.

He highlighted the role that MIPIM plays in instigating business: “The key conversations often start at MIPIM. It provides the vital environment that we can take advantage of to start joint-venture initiatives.”

Since MIPIM last year, Nakheel has announced record annual profits of €1.28bn and has signed joint ventures with Spanish and South-East Asian partners.

Nakheel’s impressive MIPIM stand focuses on the Palm 360, a 220-metre high twin-tower hotel and residential complex within the Palm Jumeirah complex. Also on show are the Deira Islands, a new 15.3 sq km coastal tourism, retail and leisure destination.

Getting a head start on schedules

Diving in to the market

PIM is no longer “just for sales and marketing” but is now also an opportunity for intelligent debate: “City leaders come together to debate their key challenges. And the last few months have taught us that we face similar problems. There is a need to balance national interests and globalisation.”

He added: “The Manchester story is the key reason why all of us are here — and over the last 10 years, it’s been a developing story. What we are communicating this week is the breadth and depth of the city’s investment propositions. We want to encourage growth and, at a time when there is so much uncertainty about the UK’s position in the world, it is more important than ever that we promote the fact that Manchester is open for business.”

Taking a break on the eve of MIPIM

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NEWS

Futuristic city masterplan set to transform Senegal

A Horst Lieder, CEO of International Campus

VISIONARY city project in Senegal will be unveiled today as the West African country seeks investment partners for a huge mixed-use scheme designed to make the country a gateway for the region.

Diamniadio Lake City (DLC) will form the heart of Diamniadio, a residential, business and leisure destination 30 km from the capital Dakar and served by fast road and rail links. At MI-

PIM Emirates/Senegal-based Semer Investment Group and Dubai-based architect FSS Consult are showcasing the project with a full model featuring a number of high-end residential blocks, a shopping centre, fashion zone, offices and three hotels.

Launched as a new vision for Dakar, envisaging a $2bn (€1.87bn) New Dakar city extension, DLC is the largest urban masterplan of its kind in sub-Saharan Africa and will include a new central business district for Dakar.

NEW STUDENT HOUSING FIZZES IN AUSTRIA INTERNATIONAL Campus, which claims to be the fastest growing student housing company in Germany, has entered the Austrian market with the purchase of a new development from Stonehill Holdings and Pegasus Capital Partners and the establishment of a subsidiary in the country.

The 663-apartment development The Fizz Wien in Vienna, which is for students and young professionals, will have a gross floor area above ground level of more than 22,500 sq m over seven floors and is due to open in October of this year.

The company is continuing its European expansion at pace and is looking for more opportunities in Austria with negotiations for two further project developments in the Austrian capital already under way, according to International Campus CEO Horst Lieder. “By 2020 we will have 8,000 apartments under management in Germany, 5,000 in the Netherlands and 3,500 in Austria,” Lieder said.

Semer Investment Group CEO Diene Marcel Diagne and architect Hussein Bakri

Speaking in Cannes, Semer Group vice-chairman and CEO Diene Marcel Diagne said that the project is an important part of president Macky Sall’s 2035 vision for Senegal and said that the government is “very enthusiastic” about seeing the scheme move forward.

Enabling works are expected to begin before the end of the year, with the first phase of residential, retail and commercial buildings delivered within three years.

Diagne said: “Senegal has made some major oil discoveries and DLC is exactly what we envisaged in planning to build the future. This is a very important project for the country and we’re looking to attract international investment because we have a transparent market and a long history of political stability.”

Architect Hussein Bakri said that the whole scheme has been designed to reflect nature, with curved architecture throughout and green roofs, a lake and natural finishes.

UK government makes MIPIM debut THE BRITISH Property Federation (BPF) has partnered with the UK government’s Department for International Trade at MIPIM to ensure the UK real estate industry continues to be a leading choice for investors worldwide. The first-ever UK pavilion will host a string of highlevel events.

Recognising how the UK – the industry, its customers, the government and wider general public – is responding to and taking advantage of unprecedented internal and external change is central to the partnership’s message at this year’s MIPIM. Whether this is through using technology as a tool to disrupt, collaborating with new partners

or using the creative arts as a catalyst, new routes to success are continually emerging and the programme at the UK government pavilion will explore these themes.

The programme kicks off today at 09.00 with a seminar on technological disruption in the

The UK pavilion in Cannes

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market and the resulting opportunities — both for the disrupters themselves and for the people who visit the places they shape.

BPF chief executive Melanie Leech said: “MIPIM is a timely reminder of the UK real estate industry’s significant contribution to the UK economy.”

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Magnolia Bostad.

We develop efficient, attractive and functional residential properties, including rental apartments, tenant-owned apartments and hotels, in attractive locations primarily in Sweden’s growth areas.

Our work is based on a holistic approach where the operations are conducted in a manner that promotes longterm, sustainable urban development.

Read more about one of Sweden’s fastest growing property developers at magnoliabostad.se

Magnolia Bostad’s share (MAG) is listed on Nasdaq First North.

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NEWS POWERED BY PECHAKUCHA SIX SPEAKERS are to take part in a Powered By PechaKucha series of events at MIPIM, that are separate from the regular city-based PechaKucha Nights that can be part of festivals and conferences,or as standalone events. At MIPIM the six speakers will deliver their presentation of new design ideas in a high-speed 20 images x 20 seconds format.

One of the first speakers taking part in the event Abdel Bounane, CEO of Bright, will present his digital art platform. Bright produces and exhibits digital art for brands and locations, with digital installations in airports, offices, hotels and other developments. Using what it says is unique technology, users can connect artwork with their space’s screens or video projectors to display their exhibits. Bright has worked with brands including Nike, Audi and Orange.

Representing HafenCity Hamburg, chief executive Professor Jurgen Bruns-Berentelg will highlight this major city and waterfront development which has the goal to develop a highly sustainable and outstanding new downtown. In his role he has overseen a world-class real estate transformation that has embraced the city’s industrial character, reintegrating it into the urban fabric of Hamburg.

Other speakers include JHP Design’s Steve Collis, 3XN Architects’ Jensen Kasper Guldager, citizenM hotels’ Tjoeng Meindert Jan and Waterfront Toronto’s Verner Kristina.

The PechaKucha event, A New Deal For Real Estate — co-organised with Danish architects 3xn — will take place on Thursday, March 16, in the Grand Auditorium at 11.00. The session is moderated by Quest Associates’ Peter Woodward.

Turkish pavilion presents new global investor deal

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URKEY is creating one of the most liberal and attractive investment climates in the world right now, according to Arda Ermut, president of the Turkish inward investment agency ISPAT (Investment Support and Promotion Agency of Turkey).

Talking at MIPIM Ermut listed the “active investments that will attract international investors to Turkey”, and outlined the developments relating to the new law on provision of citizenship to investors.

“In recent years Turkey has offered significant opportunities to international investors thanks to a number of ambitious mega projects, and Turkey has also established the opportunity for foreign investors to acquire citizenship if they purchase real estate with a value greater than $1m (€0.93m),” he said.

Ermut will hold a series of meetings during MIPIM explaining the investment opportunities in Turkey to international investors and lay the foundations for co-operation. He pointed out that “Turkey has already attracted an average of more than $12.5bn worth of investment a year since 2003”.

Ermut also said that along with

Arda Ermut, president of ISPAT

Istanbul, which has a 685 sq m pavilion this year located on the seafront between the London and Paris pavilions, cities such as Antalya, Balikesir, Hatay and Kocaeli are here in a bid to reach global investors.

Additional Turkish representation at MIPIM will be from municipalities focused on districtwide development, such as the

Beyoglu Investors Group (BIG), and projects that represent the development strength of Turkey such as the new airport in Istanbul.

Turkish minister of environment and urbanisation Mehmet Ozhaseki will explain decisively the investment opportunities to international investors at today’s Turkish Investors conference.

‘Health and wellness’ add value COUNSELORS of Real Estate chairman Scott Muldavin has become an evangelist for green buildings, and believes that principles of wellness should be embedded in every real estate project.

After a career at Deloitte and Guggenheim Real Estate, Muldavin founded the Green Building Finance Consortium, and he believes the financial contribution of wellness goes far beyond mere energy savings. “Health and wellness are a key part of the story but if you don’t put a value on them they’re hard to justify,” he said.

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“The Well Building Standard now allows that financial analysis to make sense. When you analyse a property financially you can put a value on those elements.”

At MIPIM Muldavin will be leading a session on the healthcare sector. “There’s a tremendous amount of change under way,” he said, “with an ageing population, with technological advances and with changing patient expectations.”

One result of this is a drive to take healthcare out of the hospital and into the community.

“Research shows consumers are

Counselors of Real Estate chairman Scott Muldavin: “consumers receptive”

receptive to this, and it has implications for all real estate sectors, not just healthcare.”

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WEST END & CITY OF LONDON

I WASHINGTON DC

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NEWS

London’s Crossrail to up Mitsubishi gives its startup West End footfall by 25% hub more space to innovate

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H E W EST End of London will be reshaped by the completion of the Crossrail project in December 2018, with city business improvement district (BID) New West End Company (NWEC) to run a summit this summer at the 500-days-to-go mark.

NWEC chief executive Jace Tyrrell, speaking in Cannes yesterday, said that, after “a decade in the making”, London was now getting ready to reap the benefits of a transport project that is expected to bring a 25% increase in footfall to the heart of the city.

“I don’t think there is a city centre or shopping destination

New West End Company’s Jace Tyrrell: “huge opportunity” for London

that wouldn’t ache for that sort of increase,” Tyrrell added.

“Office occupiers, retail operators and leisure companies are all now beginning to think about how they configure their space to capitalise on this huge opportunity.”

Tyrrell said that it is also incumbent upon the local authorities to ensure they improve the public realm and civic facilities to match. At MIPIM this week, he added, NWEC would be outlining the transformation to investors from key markets, including the US, China and the Middle East. “It’s important that we get that message out clearly, plus the over-arching message from the London mayor that London is open for business,” he said.

Among other changes in the West End, detailed talks about reducing bus numbers as a result of Crossrail are also about to begin, which will help to improve air quality and reduce congestion. Luxury retail area Bond Street is also undergoing a major revamp of its public realm. Tyrrell said he was confident that this and other assetmanagement initiatives would continue to enhance the area.

“Things are changing massively and we need to ensure that the planning authorities keep up with and support that change,” he said.

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Mitsubishi Estate’s Fino Lab startup incubator in Tokyo

ITSUBISHI Estate has relocated its innovative startup hub to larger office space in the prestigious Marunouchi district of Tokyo, less than a year after the project first opened its doors.

The Japanese landowner and developer has moved the Fino Lab hub, a groundbreaking incubator for small businesses and startups in the fintech industry, into a new, more expansive site after the demand for space exceeded its original expectations.

Mitsubishi Estate established the hub in February 2016 to provide space and mentoring for young and developing companies within the fintech sector. As part of the Fino Lab initiative, business leaders, investors, tech specialists and other professionals act as mentors to startup companies, as part of the Finovators scheme, established in January 2016.

The new office space, which sits

within the core of the financial district of Japan, contains coworking space, mentoring zones, private meeting rooms, chill-out areas and a seminar room. It is part of a large cluster of buildings owned by Mitsubishi overlooking the gardens of the ancient Imperial Palace, close to Otemachi station.

Mitsubishi Estate is in Cannes to showcasing the new Fino Lab office space, as well as a slate of investment and development projects. Deputy general manager Hiroaki Fuji said: “This is the centre of Japanese economic activity. There are more than 4,300 corporations in the area. Work is changing and the city is changing — we need to encourage innovation in the financial services in Japan by investing in small fintech companies.”

The Fino Lab development is part of a major transformation of Tokyo’s financial district, which was begun more than 20 years ago.

Skanska rides CEE wealth wave

CEE-FOCUSED office developer Skanska Commercial Development Europe (CDE) leased almost 170,000 sq m of office space in 10 Central and Eastern European markets in 2016, declaring that its performance and year-end result “couldn’t be better”.

“With its strong economy, welleducated and talented people, and operational safety, this region is one of the best locations for FDI

and business-services centres,” said Arkadiusz Rudzki, managing director of Skanska Property Poland.

Poland accounted for 50% of leasing activity among Skanska CDE’s four local units in Poland, Romania, the Czech Republic and Hungary. Investment activity was also strong in 2016, when Skanska sold two office buildings and a hotel

worth €211m. The group also launched its own investment fund management company last year. Skanska TFI will manage a closed investment fund in which Skanska Group in Poland will be the sole participants.

In 2016, Skanska CDE started five new projects in four countries representing a total of 88,000 sq m. It now has 12 new projects in the pipeline.

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Skanska’s Arkadiusz Rudzki: CEE “one of the best locations for FDI”

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NEWS AIX-MARSEILLE IS NUMBER ONE FOR STARTUPS NOW IS the time to invest in Aix-Marseille Provence, according to the local economic development agency.

Metropole Aix-Marseille Provence positions the area as a strategic hub between Europe and the rest of EMEA and says that by 2040 the region will have attracted €60bn of investment.

It says that after Paris it is the top region for new business startups.

The Aix-Marseille French Tech startup ecosystem helped 250 new companies in its first year.

Aix-Marseille Provence is also the second region after Paris for tourism with seven million visitors. And the region also claims second place in France for both foreign investment and scientific research, and is the top business hub in southern France with a GDP of €55bn, and with AixMarseille University it boasts the largest French-speaking university worldwide.

The area is renowned for six key sectors, with firsts in many.

These include healthcare (where the region boasts the biotech leader in treatment of cancer by immunology); digital and creative (with the first manufacturer of microchips in Europe); shipping and logistics; tourism and the art of living; aerospace and mechanical and environment and energy.

The IT sector in the region totals 9,700 companies.

A number of major metropolitan projects are under way. These include Iter, a nuclear fusion energy project that is one of the most ambitious developments in the world, bringing with it an investment of €18bn to the area.

P3 moving towards expansion in UK and Hungary markets

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3 LOGISTIC Parks could have a presence in the UK within the next year, the company’s chief executive officer Ian Worboys told MIPIM News.

“We’ve started gently looking at the UK. It is an island with a 60 million population, so there will always be demand for warehouses,” he said.

“We have over 300 tenants — our customers — and a lot have UK operations, such as DHL. We’re one of their trusted partners and to be in the UK with them would be good.”

P3, which was acquired by Singaporean sovereign wealth fund GIC from TPG and Ivanhoe Cambridge in November 2016, is currently active in 11 European countries, but the UK has been a notable exception. Hungary is another obvious gap and Worboys

said P3 is also looking at expansion there too.

“GIC does have different ambitions on the growth of P3,” Worboys explained.

He said that the strategy is being finalised but that P3 will increase assets under management. Building out its land bank, which has zoned consent for 1.8 million sq m within two-to-three years is one strand of the strategy that will increase assets by 50%.

The firm also plans to acquire sites close to existing schemes, where it is already known and trusted, and to buy land with planning consent as well as income producing assets, including portfolios.

“The pace depends upon the market,” Worboys said. “But the order books are full of build-to-suit requirements and there seems to be no slowdown in demand.”

P3 Logistic Parks’ Ian Worboys

The focus of occupier demand is in the Czech Republic, Poland and Germany, but Romania’s comparatively low wage rates and flexible unions make it attractive too.

Shopping centre plays right tune GROSVENOR Europe has entered into an industry-first partnership to produce geographically tailored music playlists at one of its shopping centres.

The collaboration between Grosvenor and Soundtrack Your Brand, a company backed by music streaming giant Spotify, has resulted in three bespoke playlists based on the musical tastes of users within the catchment of Grosvenor’s Skarholmen Centrum in Stockholm.

The three playlists, which are based on moods, have been curated according to the songs local residents are listening to on Spotify. They will be further adapted to be played in particular areas of the centre based on the tenant mix and shopping or leisure habits common to each one.

Soundtrack Your Brand has previously teamed up with retailers to offer bespoke soundtracks to be played in stores, but this is

the first time it has worked handin-hand with a shopping centre owner.

The Stockholm-based company was founded in 2013 on the principle of creating an ‘audio identity’ for a physical space, to replace generic background music played on CD or radio.

Grosvenor has said it is consider-

ing extending the service to more of its centres.

Grosvenor Europe Nordics director Carl Strufve said: “Until now, individual retailers have managed their own playlists designed to their target consumers’ tastes, but there has been little cohesion between stores and the wider communal areas of a centre.”

Grosvenor Europe’s Skarholmen Centrum in Stockholm

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Warsaw Spire has redefined Warsaw’s business centre

Warsaw Spire with Plac Europejski (European Square) is a showcase of sustainable construction. It combines a visionary approach to architecture, design, and urban planning.

City forming is the most important aspect of Ghelamco’s mission, which the company has carried out for years through its investments. Warsaw Spire, with Plac Europejski as its integral part, has reshaped the appearance of post-industrial parts of Wola district and redefined the notion of public space creation by commercial companies.

Today Warsaw Spire is the finalist of MIPIM Awards 2017, which is competing for the title of the best office investment in the world.

Visionary public space The complex, which comprises three buildings (220 m tower and two 55 m office buildings), was erected in a post-industrial area: forgotten, unfriendly and inaccessible to residents while located very near to the city centre. Ghelamco’s mission was to bring the area back to life. With this goal in mind, the developer had to listen not only to the needs of businesses, but also to those of Warsaw residents. To this end, the company entered into cooperation with the top planners, designers and architects.

”We designed the buildings of Warsaw Spire in order to maximize openness to the city and to invite people to the public square on the ground floor. The volume of the tower is astonishingly slim, and seems to never end.

Its façade literally folds open while reaching for the sky and announces the openness of the permeable ground floor to the community,” says architect John Eyers form renowned Belgian studio Jaspers-Eyers Architects.

The design of the entire complex was entrusted to Belgian studio Jaspers-Eyers Architects (with cooperation with Projekt - Polish Belgian Office of Architecture). The integral part of Warsaw Spire is Plac Europejski, the first public space in Poland set up on a developer’s private plot and made available to the city’s residents. Plac Europejski was designed by Wirtz International, a studio whose portfolio includes such renowned projects as gardens of the Élysée Palace

or Jubilee Park in London’s Canary Wharf. The square itself was further complemented with Art Walk and an amazing body of the Genesis restaurant, designed by Mac Stopa, a worldclass, award-winning architect. Art Walk’s original body was awarded in the Outdoor Space category in the prestigious competition Best of Year 2016 in New York.

Openness to the city The square, entirely closed for car traffic, has become one of the most favourite places of meetings and leisure for Warsaw residents.

Around 14,000 various plants were planted on the square, including shapely trees such as dawn redwood, bald cypress, or honey locust known as “sun flare”. Employees of Warsaw Spire and the neighbouring offices will find here restaurants and cafes, located among fountains and rivers, greenery and art. Lots of

seasonal attractions are also available to the residents: in the winter a free of charge ice rink is set up and the square is illuminated by 100 thousand lights. The place also plays a unique role in promoting culture and arts: the outdoor Art Walk gallery organises regular exhibitions of works of young Polish modern artists.

New centre of Warsaw Today Plac Europejski is teeming with urban life and other investments are being implemented in the area. The square itself, along with the surrounding buildings, has naturally become the new business centre of Warsaw.

Warsaw Spire is also an example of a spectacular commercial success. Only half a year after completion of the construction and 100 percent of the space in the building is already leased. The building is a home to international organizations, i.e. MasterCard, Samsung, Frontex, BNP Paribas Securities Services, Adecco Poland, Benefit Systems, Bilfinger HSG Facility Management, Calypso, Compare King, Daftcode, Eleven Sports Network, Ghelamco Poland, JLL, Centre for EU Transport Projects, and The Heart Warsaw. Currently Warsaw Spire is home to organisations which in total employ nearly 8000 people.

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NEWS HAMBURG TARGETS HOSPITALITY RISING occupancy rates in Hamburg’s hotels have inspired the north German metropolis to target hospitality investors at this year’s MIPIM. Overnight stays in Hamburg reached 13.3 million in 2016 — a 5.5% increase on the previous year.

The conference sector is also experiencing rapid growth. In July Hamburg’s hotels will host more than 15,000 guests during the G20 summit.

“January saw the opening of one of the world’s most spectacular concert halls, the Elbhilharmomie Hamburg, which towers above an historic port warehouse,” said Rolf Strittmatter, CEO of the HWF Hamburg Business Development Corporation. “It is a strong driver of demand in the hotel industry.”

In 2017, 14 new hotels are expected to open in the city, adding around 2,300 rooms.

KWE OPTOMISTIC GOING FORWARD KENNEDY Wilson Europe Real Estate (KWE), which invests in real estate across the UK, Ireland, Spain and Italy, has reported a 23% growth in income for 2016.

The company credited a solid asset management performance after completing 140 commercial lease transactions across the portfolio, which is now 95% occupied. Non-core asset disposals delivered £400m (€456m) of sales across 89 properties.

‘In a year marked by significant political and capital market turbulence, the group reported a solid financial performance,’ said KWE chair, Charlotte Valeur. She added that 2017 offered a less predictable future, however “KWE’s diversified portfolio, together with low capital commitments and ample liquidity to capitalise on any fallout, places the business on a solid foundation.

New Human Capital Index helps identify outperforming markets

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NEW measure of the competing worth of cities is to be launched today at MIPIM by LaSalle Investment Management.

The LaSalle European Human Capital Index (LEHCI) captures and tracks the stock of human capital across Europe at regional level. It is based on an analysis of human-capital intensity across 300 European regions and 100 large cities.

LaSalle defines human capital as the capacity of the population to drive economic growth through productivity.

“LEHCI helps us to construct effective portfolios by selecting outperforming markets that are also resilient and able to faster cope with downturns,” said Mahdi Mokrane, head of European

research and strategy at LaSalle Investment Management. “Gender and inclusion are also factors that stimulate human capital as our research shows that, in Europe, 53% of the working-age population with tertiary education are female.”

Faster technological progress is spawned in areas with a higher stock of human capital to increase productivity and the ability to deal with new technologies and societal changes, Mokrane added.

The Index highlights Berlin as a city set for notable growth in its human-capital stock, due to its innovation district. Other emerging sub-markets in human capital-rich cities include London’s East India Docks, Amsterdam Sloterdijk and the Paris’ Quartier du Marais.

LaSalle Investment Management’s Mahdi Mokrane: “Gender and inclusion are also factors”

While the LEHCI highlights 10year forward-looking trends, it feeds into the LaSalle European Regional Economic Growth Index (E-REGI), which measures five-year trends.

Barings books $15.3bn in transactions

B A R I N G S Re a l Est at e Advisers is at MIPIM following a bumper year in which it completed some $15.3bn (€14.35bn) of t r a n s a c t io n s globally.

In 2016, Barings undertook $2.1bn of equity acquisitions and financi ng, a nd $ 4.4bn of globa l R E I T securities transactions. Among the deals carried out last year were the c omp a ny’s f i r st speculative development acquisition in continental Eu- Barings’ Landmark Manchester office scheme rope, the purchase shopping centre in Asti, Italy. of the Budapester Strasse of- During the year, Barings also fice development scheme in completed the process of inteBerlin, and the acquisition of grating a number of companies the 16,960 sq m Nuovo Borgo into its global structure.

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The wave of deals took Barings’ total value of assets under management to $48.3bn by the close of the year.

The acquisitions programme has continued into 2017 with a number of transactions, including the 18,000 sq m Landmark project in the centre of Manchester, UK. The speculative grade-A office scheme, which has a development value of €114.5m, is due to be delivered in the first half of 2019. The fully consented project includes a double-height reception area at ground level, together with 13 floors of citycentre space. Once complete, Landmark is due to have an BREEAM Excellent rating.

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NEWS NEWS IN BRIEF TOPUP Consultants, the independent real estate software consultancy, is to unveil new tenant portal and investor relations features for its eConnect product at MIPIM this week.

A digital correspondence platform for the real estate industry, eConnect is designed to reduce the industry’s reliance on outdated postal processes — cutting working hours and costs for real estate companies.

The latest updates include new engagement features and functionality that the company says will help commercial, retail and residential owners and managers to unlock hidden value from their buildings. The platform connects with leading ERP software.

HOLBAEK Kommune is planning the development of 100,000 sq m of harbourside property beside Greater Copenhagen’s Holbaek Fjord.

The Holbaek Municipality team is in Cannes to attract investors to the Holbaek Harbour City scheme, which lies 45 minutes from Copenhagen Airport. There are opportunities for investment in housing, offices, retail, entertainment and hotel or conference facilities.

The project is designed to be the central link between the existing urban centre, the fjord and the surrounding green recreational areas which include three marinas, golf courses, beaches and public parks.

SAVILLS Investment Management, the international real estate investment manager, has purchased a retail warehouse cluster in northern Spain from a local developer for €16m.

‘This is the fund’s first acquisition in Spain and is a prime property close to San Sebastian in the country’s Basque region,” said Michael Reinmuth, Savills IM’s director in Spain. ‘The property is newly built and is already trading ahead of expectations.’

Comprising 10,300 sq m of space, the asset’s main tenant is Spanish grocery operator Mercadona.

Real estate shake-up is key to WPP’s new business strategy WPP’s Lisbon office, ready later this year

WPP’s Max Holliday

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LOBAL marketing and advertising group WPP is using a new real estate strategy to help transform its business, based on increasing co-operation between individuals within different group companies, said Max Holliday, WPP’s head of real estate, EMEA. The process began in 2015 and will continue until around 2022 or 2023 as the group looks to relocate its businesses into collaborative office spaces in 30 or 40 key locations across Europe.

First to be delivered will be offices in Hamburg and Lisbon later this year, followed by cities including Madrid, Amsterdam and Milan in 2018/19.

“The underlying reason behind it is that WPP is increasingly bringing individuals from different businesses within the group together to support key clients across a range of disciplines, be it advertising, media, public relations and so on, to offer a one-stop shop,” said

Holliday. “To facilitate that requires those people to be in the same building, and that’s what we’re helping the company to achieve.”

Holliday said that he has been set a challenging brief because the new sites need to be central, have an architectural significance that supports the WPP brand and also allows the individual businesses within to retain their own identity.

“We’re trying to drive innovation across all aspects of the business and from a real estate perspective of course it takes time to find the right sites at the right prices,” he said. “We’re fortunate that we don’t have to accept vanilla leases, we have the capability to manage complex development projects and leverage our covenant and also approach the fit-out with capital of our own.”

Holliday stressed that this new approach is enabling the company to use the capabilities of its real estate division as a way of supporting a major transformation of the group business.

South Africa sparks growth in Poland SOUTH African investors dominated a record-breaking year for the commercial real estate market in Poland, according to advisor Colliers International. Despite what it describes as “recent legislation turmoil”, the total value of transactions amounted to €4.6bn, representing the best result in the history of this sector in Poland.

With a 40% investment market share, Poland maintained its leading position in the CEE region, with evidence of growing liquidity and upward pressure on pricing. South African investors dominated with €1.8bn spent, ac-

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counting for 40% of the overall share in the investment volume. Over 70% of the capital was invested outside of Warsaw, both in single-asset transactions and portfolio deals.

Regional markets are expected to continue to grow in liquidity and attractiveness to investors, Colliers said.

The real estate advisor added: “We expect growth with new capital and investors entering Poland who are interested in all asset classes as well as platform/corporate deals, and who are ready to commit to forward funding and forward purchase arrangements.”

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BORDEAUX PLANS TIMBER TOWERS

European elections mean “uncertainty a way of life”

E The Silva Timber Tower will act as the new reference point for tall timber construction

THE CITY of Bordeaux is aiming to build the new leading example of tall timber construction with Art & Build Architects/Studio Bellecour’s 19-storey project Silva Timber Tower.

The construction will include more than 80% timber and is currently undergoing stringent seismic testing.

The 20,000 sq m mixed-use site is being developed by Kaufman & Broad and is scheduled for completion by the end of 2019. Although mainly residential the project will also provide office quarters and retail areas as well as communal functions. The first two floors are given over to parking spaces but can be converted to enable their conversion to workshops, retail spaces or residential units at a later date.

HOT PLAN FOR PORT SUD

PLANS are under way to create a southern hotspot for Greater Paris, at Porte Sud, served by the A6 motorway and the Francilienne ring road.

Operators and investors in leisure, retail, entertainment, sport, health and housing are invited to contribute to the development that aims to respect the environment. Around 150 ha in total will be built, with expressions of interest due to be launched later this year. A hub for sporting excellence is planned, to host entrepreneurs, research laboratories, training centres and sports federations.

By 2020, the Tram 12 express will connect the site to the centres of Massy-Versailles and Evry.

UROPE is in for a year of political uncertainty and that is going to impact on the real estate sector according to Martin Samworth, chief executive of CBRE’s EMEA region.

For example, he said his French colleagues expect the election to slow market activity during the first half of 2017. “Uncertainty is a way of life now,” he said. “It’s something we have to live with.”

But Samworth believes the foundations of the market remain solid. “Generally the economic outlook for Europe is good and we’re seeing continued strong demand from international and domestic investors for prime core investments,” he said. “Yields have fallen in Paris, Milan and other markets and that’s making London look good value again.”

And he added: “There’s a bigger pool of global investors than ever before but they have different attitudes. Some like real estate’s relatively high income return while others are looking for equity preservation, but either way real estate has a strong place in a diversified investment portfolio.” However he conceded that there is not enough stock for all

the money to be deployed.

The wave of disruption from new technology sweeping the industry is something to be embraced, Samworth believes, and far from eroding the position of the big brokerages he says it plays into their hands. “We see technology as an enabler,” he said. “It allows us to deliver better service in a more cost-efficient way. That requires significant capital investment and a significant shift in where we put resources, but we’re hiring people with different skill-sets to achieve Martin Samworth, chief executive of CBRE EMEA that.”

Cond’Or project ready for take-off DEVELOPER Chantier is transforming an obsolete series of 1960s office buildings in an exclusive part of Belgian capital Brussels to provide 9,705 sq m of mainly residential space. The project is close to completion.

The Cond’Or Residence project is located above the Galerie de la Toison d’Or, a shopping and entertainment mall renovated several years ago to designs by Jaspers-Eyers Architects.

Jaspers-Eyers Architects has again been commissioned for the renovation of The Cond’Or Residence, a project that will create a common lobby above the ground floor providing access to all apartments. Large terraces will be located on the rear facade of the building and on the front facade of the upper floors.

Larger apartments are being created on the sixth floor and upwards to accommodate larger families while the seventh, eighth and ninth floors will have terraces on both front and rear

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New-look The Cond’Or Residence in Brussels

Rendering: ©Jaspers-Eyers Architects

NEWS

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facades. Those apartments facing the Porte de Namur retail and entertainment area will have continuous wrap-around terraces that link the front and back facades.

The use of red brick along the back facade and white natural Marbella stone along the street facade will transform the former 1960s office buildings.

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NEWS LIVERPOOL REJUVENATES UK’S OLDEST CHINATOWN NEW CHINATOWN in Liverpool, UK consists of a regeneration of Europe’s oldest Chinatown and also includes a comprehensive redevelopment of Liverpool City Centre’s southern gateway.

The project, which went on site at the end of 2015 and is phased over five years, will see the delivery of up to 1,000 new homes, 160,000 sq ft (14,864 sq m) of retail space, a hotel, leisure facilities and a new Chinese-themed cultural attraction in the initial first three phases.

Developed by North Point Global, New Chinatown is worth £400m-500m (€458m-€572m) for the first three and subsequent phases. The project builds on aspirations set out in the Liverpool City Centre Strategic Investment Framework to create an international-quality urban quarter and visitor destination in the city.

The wider masterplan will see further development and investment opportunities for the city.

Investment demand for US real estate outstrips EMEA

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HE AMOUNT of new capital available for global real estate investment in 2017 stands at $435bn — below last year’s peak but the second highest figure recorded since 2009, according to research from Cushman & Wakefield.

The advisor’s Great Wall Of Money report tracks the amount of newly raised capital, including debt and equity, targeting real estate at a global level. The total ‘wall of money’ has fallen by 2% compared with 2016, the first drop since 2011. However, current levels are the second highest on record.

For the first time, more equity is available across the Americas ($79bn) than EMEA ($72bn). The fall in available equity across EMEA is largely a reflection of a strong dollar. With close to 80% of funds targeting Europe reporting in either euros or pounds, the currency context of reported volumes is a key component. Asia Pacific registered a strong 7% rise in available equity to $65bn.

Capital targeting EMEA shrunk 9% in US dollar terms to $130bn (€121.8bn), while the Americas grew 2% to $173bn, and Asia

posted a marginal increase to first time, we see more capital $132bn. targeting Asia than EMEA, putIncreasingly, investors are con- ting it second to the Americas.” centrating on single-country strategies rather than deploying capital across multiple nations.

Single-country investments now represent 61% of available capital, up 55% over the last three years. Based on Cushman & Wakefield estimations, the US is likely to remain the most targeted market, with many investors still under-allocated. China is expected to remain the second most targeted country, with the majority of capital committed from domestic funds. The UK is the third most attractive market, while Germany continues to experience strong demand, although accessing suitably priced stock remains challenging.

Nigel Almond, head of EMEA capital markets research, said: “One of the most striking trends in commercial real estate is the growth in capital targeting Cushman & Wakefield’s Nigel Almond: Asia Pacific Asia Pacific. For the investment outpacing EMEA

Athens mall signals new dawn GREEK real estate development company REDS is showcasing its

316,000 sq m mixed-use development, the Cambas project, at MI-

PIM this week. The development, which is located on the outskirts

of Athens, will include around 89,000 sq m of mixed-office use, retail, leisure, cultural and hotel facilities.

REDS claims that, despite retail sales in Greece dropping by 30% during the economic crisis, the country’s main shopping centres have managed to increase their sales and market share. The developer says that, with current shopping-centre density in Greece being the lowest in Europe and with a lack of grade-A office space in Athens, the new centre provides a good opportunity for investment into the Greek market.

REDS’ Cambas project outside Athens

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NEWS RESOLUTION PUSHES FORWARD WITH HONFLEUR MALL EUROPEAN real estate investor Revolution Property has exceeded 50% pre-let for the first phase of its 19,000 sq m Honfleur outlet centre in Normandy, with brands including Galeries Lafayette and a number of prestigious sports and fashion names. Construction is under way with completion of phase one set for autumn 2017. New signings include Levi’s, Nike, Haribo, Triumph, Kusmi Tea, Lindt, Haagen Dasz and Guess.

Resolution Property is working with operator Advantail to deliver more than 100 fashion and designer stores and three restaurants in the two phases of 13,000 sq m and 6,000 sq m. Ros Management has been appointed as joint letting agent to complement Advantail’s strength in the French market with coverage in Germany, Italy, Portugal and Austria. Honfleur Outlet will be the first outlet centre in the Grand-Ouest region of France and is expected to welcome over two million shoppers per year.

Resolution Property is also working on a scheme in the west of Denmark and is seeking new retail investment opportunities across Europe especially in the Netherlands, Germany and the UK, targeting mixed-use city-centre projects, shopping and outlet centres.

Earlier this year, Resolution announced McArthurGlen had entered into an agreement to purchase the Rosada Fashion Outlet in Roosendaal, the Netherlands from Resolution Property. The sale marked the conclusion of Resolution Property’s four-year repositioning and asset management strategy for Rosada.

AEW’s Europe City Retail Fund beats its €400m capital target

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EAL estate manager AEW has raised more than €415m of equity for its Europe City Retail Fund, exceeding its initial €400m target and taking its investment capacity to more than €800m.

“To have exceeded our initial fundraising target is a clear sign of the ongoing demand for good quality income-producing retail assets throughout Europe, and a strong endorsement of our investment strategy to date,” said AEW’s head of funds Germany Marc Langenbach.

The funds were raised from several institutional investors.

AEW, the real estate asset management platform of Natixis Global Asset Management, said in a statement that it is in dis-

AEW’s Europe City Retail Fund bought Serrano 7 Madrid’s Salamanca district last year

cussions with a number of investors and expects to increase the level of equity commitments up to €800m in the next few years.

Europe City Retail Fund raised €125m of equity at its first close in November 2015 and has already invested €200m across Europe.

The fund’s portfolio includes prime high-street assets on Via del Corso, Rome and on the Ostergade in Copenhagen.

Its strategy is to build a portfolio of well-located, high-quality, income-producing retail assets in principal European cities.

The fund’s maximum loan-tovalue ratio is 50%.

AEW manages €19.3bn of real estate assets in Europe on behalf of a number of funds and separate accounts (as of September 30, 2016) and has invested and divested a total volume of over €22bn of real estate across European markets.

UBS grows student housing portfolio UBS ASSET Management’s Real Estate & Private Markets business has acquired a 184-bedroom student accommodation development in West London for £31.5m (€36m) from Imperial College London.

Orient House, which is situated in Fulham, was purchased by the UBS Triton Property Fund at an average price of £171,000 per bed.

“London universities have over a quarter of a million full-time

The UBS Triton Property Fund has acquired Orient House

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students, almost 70% of which are unable to access university or private-sector accommodation,” said Howard Meaney, head of real estate UK and senior portfolio manager for UBS Triton.

“This demographic creates a demand profile which, combined with a lack of supply of direct-let purpose-built student accommodation, makes Orient House an exciting acquisition for UBS Triton, in line with its investment criteria and returns profile.”

Imperial College has managed the property as part of its GradPad portfolio, exclusively for graduate students, since its purchase of the asset in 2012.

Following the acquisition, Universal Student Living will operate the purpose-built scheme on behalf of UBS Triton, targeting students studying across London.

Orient House represents the fourth student accommodation addition to UBS Triton’s portfolio and its first standing investment in the sector.

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Commercial facility with the concept of "mental and physical health" styled commercial facility — Morinomiya Q’s MALL BASE — visited by more and more people not just locals even attracting overseas tourists.

As the aging of Japan's population is advancing and the Tokyo Olympics and Paralympics are coming up in 2020, Morinomiya Q’s MALL BASE has “mental and physical health” as the facility’s concept which is well considered in every countries and by whole range of people these days.

We work ed together with a track Olympian to produce our iconic mall facility called “Air Track,” the world’s first

300 meter running track built on the roof top of the mall, also athletic facilities such as 12.5m climbing wall and futsal courts are installed at the mall. These allow this mall to be a place not just for shopping but like a public park where people gather and connect, and also becoming the center of the community.

Osaka International airport Kobe

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Osaka

Morinomiya

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Kansai International airport

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his place was flourished as the castle town of Osaka Castle with bustling crowds of people and shops In 17C (1603).As time goes by, the Nissay baseball stadium was developed and became a place where a lots of people gathered for games and enjoyed playing sports in 20C (1950). On the site of the stadium, it turned into a new

[Owned by Osaka Museum of History]

City : Osaka Country : Japan Developer : Tokyu Land Corporation Archtect : Takenaka Corporation Other : Osaka City, Athlete Network

Nominated for Best Shopping Centre

Morinomiya Q’s MALL BASE

Votez pour moi s'il vous plaît!

Bitte stimmen Sie für mich!

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Official mascot “MORISPECTOR”

https://qs-mall.jp/en/morinomiya/

Tokyu Land Corporation Operating Officer

Hiroaki Hoshino Located in a populous part of Osaka near Osaka Castle, Morinomiya's Q Mall opened in April 2015. With 50 commercial tenants and annual sales of about 8.3 billion yen, the mall attracts 5 million visitors a year, and was designed as an open-air park with lots of green spaces. Its interactive environment encourages exercise and other healthy activities, and the facilities are very family-friendly, with playgrounds, free strollers, and diaper-changing rooms. It's also popular with foreign tourists because of its tax-free stores.

These days, shopping malls are no longer just retail outlets. They act as regional hubs that bring together communities and revitalize neighborhoods. Morinomiya's "Q" brand, which is a finalist for a 2017 MIPIM Award, epitomizes this concept, as it stands for four ideas: the "quartet" of region, customer, tenant and Tokyu; "quality and quantity"; "quick" assistance; and "queues," since the mall is always filled with people. The mall's mascot is a dog named Morispector, who is very famous in Osaka for his love of sports. Tokyu Land Corporation manages about 30 commercial facilities, the largest of which is AbenoQ's Mall in central Osaka, with more than 240 stores and annual sales of 50 billion yen. Currently, the company is carrying out a large-scale urban development project in Tokyo near Shibuya Station, a mecca for young people.

They also manage malls in the Ginza, Omotesando-Harajuku, and Odaiba districts of Tokyo.

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NEWS INVITATION TO STRASBOURG THE FRENCH city of Strasbourg is presenting several key urban schemes to incentivise investment in the territory. Its Deux Rives project, the biggest crossborder scheme in France, will see the Strasbourg tram reach the German city of Kehl on the other side of the Rhine by April of this year.

This will be officially unveiled tomorrow at 16.00.

Strasbourg is focusing on two principal sectors to encourage inward investment — medical technology and the premium international service sector. The first aligns with its French tech reputation, which has seen numerous research laboratories, global groups and startups arrive in the territory in recent years. For the international service sector, it will create 85,000 sq m of offices near the European Parliament.

On Thursday at 10.00, Roland Ries, mayor of Strasbourg and Robert Herrmann, president of the Eurometropole of Strasbourg, will present the NextMed campus and the city’s Innovation Park. At 11.30, the mayor will unveil Strasbourg’s new international business district.

Coventry region in Cannes with strongest-ever offer

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OVENTRY & Warwickshire is at MIPIM with the largest regeneration agenda in its history. Several major new schemes — alongside longer established regeneration targets — will form the basis of the region’s presence in Cannes.

Plans for the City Centre South mixed-use development will be on show, with Coventry City Council having chosen Londonbased Shearer Property Group to deliver the scheme. Shearer, which has already created a restaurant offer at Cathedral Lanes in Coventry, will lead the £360m development, which will transform a large part of the city centre. The 818,000 sq ft (75,995 sq m) development will include a major department store, three flagship stores, 50 retail units, a hotel, cinema, restaurants and residential units. Around £82m is also being invested in Coventry station.

The expansion of the project, which has been financially supported by the Coventry & Warwickshire Local Enterprise Partnership (CWLEP) through the Growth Deal Fund, will include a range of improvements that will help deliver the

Coventry’s regeneration plans include a revitalised retail quarter

Friargate masterplan.

Plans to develop Nuneaton town centre and create a new creative quarter in Leamington Old Town, plus plans for an Innovation Campus at the University of Warwick are also being showcased.

Les Ratcliffe, chairman of the Coventr y & Warwickshire Champions, part of the Coventry & Wa r w ick sh i r e M I PI M Partnership, said: “I think this is

Antalya opens doors to world THE SOUTHERN Turkish city of Antalya makes a third visit to MIPIM this year.

The Antalya Metropolitan Municipality first came to MIPIM in 2015, under the slogan ‘Invest in Antalya’. This year, the aim is to ‘move Antalya to the top of the world investment rankings’.

Antalya is one of the fastest growing cities in Europe and the Mediterranean region, with substantial potential for development. It is also a city that of-

The Bogacay marina and creek project in Antalya, Turkey

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the strongest offer we have had in the time we have been to MIPIM. Coventry & Warwickshire has a booming economy across different sectors, and really notable improvements have already been made.”

Coventry’s bid to be UK City of Culture in 2021 and the development opportunities it could bring are also being highlighted via a series of events in Cannes. fers considerable opportunities in tourism, agriculture, industry and trade. Among Antalya’s natural assets are its climate, comfortable living conditions, and historical and cultural riches. At the same time, it offers a wide range of business opportunities.

The Antalya Metropolitan Municipality is showcasing a range of projects, including the Bogacay marina and creek project, the new Kepez Ecologic smart city and urban transformation, the Konyaalti project, the Tunektepe project and the cruise port project.

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3/9/17 2:04 PM

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NEWS BRIKVEST AIMS TO DISRUPT OLD FUNDING MODELS ONLINE real estate investment platform BrikVest has attracted direct investments worth £2m and revealed scaled-up plans for its funding model.

BrikVest has successfully secured the funds from a number of private companies, institutions and high-worth individuals from the tech and property industries. Announcing the first closing of its second-round financing, the company has said it will seek a further £2m to enable an acceleration of its own plans.

As part of the upgraded model a number of new financial products will be set up, to target family offices and institutional investors.

The business, which was founded a little over a year ago, has already attracted a community of over 2,350 investors and family offices with a combined net worth of €8bn, as well as a number of real estate sponsor firms including Thor Equity, M7 Real Estate and Venn Partners.

The platform offers individuals and companies direct investment opportunities in real estate projects via a crowdfunding model, with investments starting from €1,000.

Within the latest wave of funding is the former European co-head of Colony Capital, Jean-Romain Lhomme, who has also joined the company’s board.

Commenting on the appointment, Lhomme said: “I invested into BrickVest because I believe the company is about to disrupt the model of how to invest in real estate around the globe from small private investors to large institutions.”

Real estate will remain strong despite economic uncertainty

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EAL estate capital inflows are expected to remain strong in 2017 despite unprecedented geopolitical and economic uncertainty, according to Emerging Trends In Real Estate – The Global Outlook For 2017, an annual forecast of investor sentiment published by PwC and the Urban Land Institute (ULI).

Global business leaders interviewed for the report say these concerns will spur a “flight to quality” by the majority of institutional investors while real estate will remain one of the most attractive asset classes, providing a relatively high proportion of income return.

The report notes that the US election, Brexit and uncertainty surrounding forthcoming elections in France, Germany and the Netherlands have created a diverse array of risks, including exchange rate volatility, land cost and availability, and taxes and regulations.

PwC’s Gareth Lewis

ULI’s Lisette van Doorn

PwC’s real estate director Gareth Lewis said that the “apparent dislocation” between geopolitical concerns and positive sentiment towards property is largely explained by its position as a maturing asset class, in which many investors are still under-allocated, and the ongoing search for yield.

ULI Europe CEO Lisette van Doorn said megatrends such as urbanisation, demographic and social changes, and resource scarcity are “ushering in a new era for real estate”. She added: “From the growth of investible ‘real asset’ opportunities to

changing customer needs, industry leaders must pay attention to these rapid shifts in order to profit from the opportunities that come with them.”

The report also suggests that the line between real estate and infrastructure is becoming ever more blurred. On a global level, competition for core assets is driving up prices and forcing investors to either lower return expectations or consider alternative sectors.

PwC and ULI will present the research in a panel discussion in the Palais today at 14:00.

Sky Zone plans global expansion

US TRAMPOLINE park operator Sky Zone is attending MIPIM this year to look for new partners for its worldwide trampoline park portfolio.

Following on from the recent success of its first UK trampoline park, Freedome, at the Cheshire Oaks designer outlet centre, it is seeking new opportunities to grow in Europe and beyond.

While the growing trend for trampoline parks for children over the last decade has seen many spring up on secondary industrial estates, Sky Zone prefers to locate them next to shopping centres to maximise the use of parents’ time.

Freedome Cheshire Oaks park also includes an innovative “padless” large-scale trampoline, comprising an interlaced system

rather than the more typical series of multiple small trampolines connected together with joins protected by pads. Other features are a Ninja Warrior assault course, a cafe, party rooms, after-dark parties and live DJs.

The company said that all its new parks would feature padless large trampolines, and that its expansion plans were ambitious.

Worldwide, its parks operate under the Sky Zone name, and branded as Freedome in Europe.

Sky Zone plans to include a Freedome padless large trampoline in all its new parks

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YOUR GATEWAY TO FINANCIAL SERVICES REAL ESTATE

INVESTMENT MANAGEMENT

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FAMILY OFFICE

LUXEMBOURG www.luxembourgcapital.lu

mipim

NEWS RLI STRIKES KEY LOGISTICS DEAL GERMAN asset manager, fund manager and logistics specialist RLI investors has bought a logistics complex in North Rhine-Westphalia for the open-ended real estate special authorised investment fund (AIF) RLI Logistics Fund - Germany I. The property is located in Huckelhoven in the Rhine-Ruhr region close to the Cologne/Bonn conurbation in the southeast and the Duisburg/Ruhr conurbation in the northeast. It is let long-term to parcel service provider Hermes Germany, which operates one of its six — and in future 15 — Germany hubs at the site. At around €40m, the acquisition is one of the largest single transactions on the German logistics market. “Take the location, building quality, and tenancy situation — all key aspects of the property are premium, and we are very pleased to have secured this asset for our investors,” Bodo Hollung, managing director of RLI said. “It is another demonstration of our strong transaction performance as one of the biggest investors on the German logistics real estate market at this time.”

UK government policy hits high-end residential market

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ONDON residential specialist Residential Land invested £380m (€430m) during 2016, and chief executive Bruce Ritchie believes MIPIM is an opportunity to source new stock.

“We bought well last year, but this year is going to be different,” he said. “Changes to stamp duty [the UK property tax], Brexit and excessive government interference in the residential market have all dented the certainty of the London market and that’s cooled investor interest.”

Residential Land has commissioned research from Oxford Economics into the impact of these changes, but already it’s apparent that sales volumes in the central London residential market are down by a third. As a result the volume housebuilders have reacted by cutting back on projects and central London residential construction starts are down by 50%.

But Ritchie observes that housebuilders still have an issue with unsold properties. “From where I stand housebuilders are a source of stock. We’re able to take an entire phase off-plan and we’ve

Residential Land’s Bruce Ritchie: “Click-to-rent is going to happen”

already bought two such projects in the past year,” he said.

Another part of the MIPIM experience for Ritchie is the opportunity to take the temperature of the lending market.

“I’ll be interested to see what the banking appetite is,” he said.

“We’re seeing an increase in blended lending, offering higher loan-to-value ratios, but they’re more expensive.”

Looking ahead, Ritchie foresees

technology changing the face of the residential property market.

“It’s a growing force in the market,” he said.

“If you don’t have an active presence on social media and on the review sites, you’re missing out on potential occupiers. And click-to-rent is going to happen.

To achieve that you’re going to need all the information on the unit, and on us as a landlord, instantly available.”

Upturn boosts Czech retail ACTIVE Retail Asset Management (ARAM), one of the Czech Republic’s leading leasing and property management firms, had a good year in 2016. The company signed 102 retail deals totalling 19,235 sq m GLA at the Forum Nova Karolina and Futurum Hradec Kralove shopping centres The 58,000 sq m Forum Nova Karolina Ostrava centre led the way with 67 lease renewals and 13 new retailers, including fashion brand Gate, on-trend food concept Ugo Salaterie, sportswear retailer 4F — its third store in the Czech Republic — and

the bookshop NeoLuxor. During 2016 sales increased by 7% and footfall rose 5%.

ARAM’s 24,200 sq m centre Futurum Hradec Kralove signed five new brands and renewed 17 leases. Renewals include anchor tenants womenswear brand Lindex and fashion retailers Humanic and Takko. The centre saw sales grow by 5% on 2015.

Lenka Matthews, leasing director at ARAM, said: “The amount of new transactions completed at Forum Nova Karolina and Futurum Hradec Kralove is evidence that the Czech retail market is

Active Retail Asset Management’s Forum Nova Karolina centre

benefiting from a growing economy. We are focused on working closely with international

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and Central and Eastern Europe brands looking to enter the Czech market.”

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NEWS NEW HOMES PLANNED FOR CAMBRIDGE

Intu’s Spanish mall portfolio boosted by Madrid Xanadu

DEVELOPMENT and investment company Urban&Civic INTU Properties tive, said: “The acquisition and the secretary of state for has paid the Ivanof Xanadu is an excellent defence have submitted plans hoe Cambridge addition to Intu’s growing for up to 6,500 new homes on Group €530m for portfolio of leading re293 ha of brownfield land at Xanadu shopping gional shopping centres in Waterbeach Barracks, north of centre in Madrid, Spain, taking our ownerCambridge. As well as new with its associated ship to three of the counhomes, the outline planning management compatry’s top-10 centres and application includes up to three ny and the SnowZone now including one in the primary schools, community operating company. capital city. Xanadu’s marspace, retail, offices, a hotel, The centre itself, exket position as an attractive and sports and fitness centres. cluding the manageshopping and leisure desUrban&Civic chief executive ment company and tination covering a major Nigel Hugill said: “Outside SnowZone business, Intu Properties has acquired Xanadu shopping centre in Madrid sector of Madrid fits well London, Waterbeach is the was externally valued with our strategy.” best brownfield site in the on February 1, 2017 at Intu intends to improve the country. Three miles from the €526m, which repreleisure and catering offer, all-in cost of debt estimated to be Cambridge Science Park sents an initial yield for the centre around 2.0%. The balance is met with a Nickelodeon theme park with some of the most of 4.3% based on its annual net from Intu’s existing resources. and an aquarium due in 2017. dynamic employment in the rental income of €23m.

Intu is looking to introduce an On completion Intu will own four world, Waterbeach can help A €263m, five-year loan with investment partner into Xanadu Spanish shopping centres, plus a meet a demonstrable Santander, BBVA, Credit Ag- and is currently in discussions development site near Malaga shortage of accessible accommodation in the north ricole and Caixabank has been with potential investors. and options on sites in Valencia, of the city.” secured on the asset, with the Vigo and Palma.

David Fischel, Intu chief execu231_BNP_N1N2N3_PIM

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BNL-BNP Paribas new headquarters Rome, Italy An offices building. The headquarters of an international bank. A complex that is responsible and brings a generous vision for the future.

A piece of glass made of textures, rhythms, sequences, scenes, able to translate the daily life of 3.300 employees in a journey that is both urban, personal, intimate and collective.

A new building that represents the futurism and the affirmation of the present by creating a strong relation with the surrounding environment thanks to 30.000 square meters of glass and ceramics facades that reflect the changing light of the city of Rome.

The design of the new headquarters of BNL-BNP Paribas is particular, innovative, unique.

© Luc Boegly

235 meters in length - 50 meters in height 12 floors - 4 underground levels 43.800 sqm of commercial property 30.000 sqm of glass and ceramics façades 3.300 employees November 2016

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260_RM CONFS_N1_PIM

PROGRAMME OF CONFERENCES & EVENTS

Tuesday 14 March How can disrupting technologies impact the way 2h

TECH Innovation room (Palais -1)

45 min

REGULATION New Deal room (Palais 3)

15.00 we design, build and operate our environment?

8.00

Sponsor: Autodesk

What is the New Deal for institutional investors?

INVESTMENT

Sponsors: AXA IM, KPMG, RCA, Aberdeen, Nabarro, Rockspring By invitation only

4h30

Carlton Hotel

What does professionalism mean to your clients?

15.15 Co-organiser: RICS

Opening Ceremony

How is London responding to the immediate

10.00 Keynote address by Dr. Parag Khanna, Director,

Hybrid Reality Pte Ltd. How connectivity is reshaping global affairs?

1h

NEW DEAL Grand Auditorium (Palais 1)

45 min

How to manage +100 global offices via agile optimisation

15.15 in this fast growing market?

Sponsor: Domitys

45 min

Salon Croisette (Palais 4)

16.00 how to compete successfully?

Sponsor: Oslo Metropolitan Area - Co-organiser: ULI

Co-organiser: RBC

1h

Ruby room (Palais 5)

1h

Auditorium K (Palais 4)

Backing the best global cities

11.00 Sponsor: Estates Gazette

45 min

ECONOMY New Deal room (Palais 3)

45 min

TECH Innovation room (Palais -1)

Worldwide overview:

11.15 what are the global indicators saying?

11.15 How to shift from big data to smart data?

How to easily optimise energy efficiency investments?

12.15 Sponsor: Ruukki

30 min

TECH Innovation room (Palais -1)

INVESTMENT

Followed by a networking cocktail - By invitation only

How can RE investment strategies foster

16.30 a better life for people?

Which capital cities in Europe have most to gain

16.30 from Brexit?

Sponsor: Defacto - Co-organiser: Heuer Dialog

Co-organisers: PwC, ULI

EUROPE Market Trends room 45 min (Palais 3)

45 min

Honeywell’s connected services?

30 min

HEALTHCARE Asset Class room (Palais -1)

TECH Innovation room (Palais -1)

1h

INVESTMENT Grand Auditorium (Palais 1)

1h

NEW DEAL (RE) Creation room (Palais 3)

1h

Ruby room (Palais 5)

in a challenging market?

How to think different in RE?

14.00 Creative session by Soon Soon Soon

Why is Turkey still a hot spot for investors?

14.00 Co-organiser: Invest in Turkey

Partners’ sessions

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Interactive session: Download the mobile app to interact during the session

Verrière Grand Auditorium (Palais 1)

1h30

Salon Croisette (Palais 4)

30 min

TECH Innovation room (Palais -1)

Co-organiser: ESSEC Business School

45 min

BUSINESS New Deal room (Palais 3)

What are the mega projects in key cities and

EMEA Market Trends room 45 min (Palais 3)

Followed by a cocktail at 19.00 - By invitation only

Women of influence networking cocktail Using 3D mapping for RE and property management,

17.15 how to benefit from this technology today?

New ways of working, new production tools:

17.45 what is the impact on office buildings?

17.45 how do they impact city development?

How do patient-oriented technologies change

MIPIM City Investment Forum

14.00 How to stimulate urban reinvestment and development

Limited seats – Pre-booking requested

1h30

16.30 Sponsor: Poland Today

How has Virgin Money UK improved workplace

14.00 experience and increased building efficiency with

Co-organiser: Manchester

1h

NEW DEAL (RE) Creation room (Palais 3)

HOTEL & TOURISM Networking zone 1h (Palais -1)

16.30

Sponsor: Parrot

From sick care to well care: how does rethinking

Sponsor: Honeywell

45 min

HEALTHCARE Asset Class room (Palais -1)

How to think different in RE?

Limited seats – Pre-booking requested

NEW DEAL Carlton Hotel

EUROPE Market Trends room 45 min (Palais 3)

16.30 Creative session by Soon Soon Soon

16.30 By invitation only

14.00 the healthcare industry impact the RE industry?

Sponsor: Medical Properties Trust

GOVERNANCE New Deal room (Palais 3)

Ruby room (Palais 5)

SOCIETAL DEMAND New Deal room 45 min (Palais 3)

Is this Poland’s golden age of development?

45 min

Emerging Trends in Real Estate: 14.00 what is the global outlook for 2017?

2h

How does public-private cooperation in the RE sector

16.30 favour better developments in healthcare?

Carlton Hotel

Ousting the establishment: 14.00 what is the impact on the RE industry?

Sponsor: Lennar International

1h

A New Deal for Real Estate: what makes a city attractive today and tomorrow?

12.30 Sponsors: AXA IM, KPMG, RCA, Aberdeen, Nabarro, Rockspring, Threestones Capital - By invitation only

HEALTHCARE Asset Class room (Palais -1)

16.00

The new Russian RE agenda: how do you transform

11.00 square meters into urban environment?

45 min

Make European cities great again:

30 min

City visions

11.00 Sponsor: Estates Gazette

Salon Croisette (Palais 4) TECH Innovation room (Palais -1)

10.15 strategy? Discover the Salesforce way Sponsor: Salesforce

Sponsor: Residential Land

EUROPE Market Trends room 45 min (Palais 3)

Senior serviced residences: what are the opportunities

Cities, regions, corridors and clusters:

10.10 are they maximising growth?

Sponsor: Estates Gazette

15.15 challenges posed by Brexit?

17.45 the face of the healthcare sector?

Sponsor: CAREIT Followed by a cocktail in the Hotel & Tourism lounge

45 min

HEALTHCARE Asset Class room (Palais -1)

30 min

TECH Innovation room (Palais -1)

Which key innovation drivers for a sustainable

18.00 multi-fluid smart-grid in the city of tomorrow?

Co-sponsors: Chamrousse, Cisco, InnoEnergy, Schneider Electric

19.30

Session certified by the Continuing Professional Development (CPD) Certification Service.

Please validate your participation to gain your CPD point.

Welcome Reception - Open to all participants

Carlton Hotel

Programme as of March 9th 2017, may be subject to change

09/03/2017 10:33

mipim

NEWS

Record volume of hotel London beats NYC as sales ‘unique to Ireland’ top spot for ultra-rich

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THI R D of I r ish hotels has changed hands since 2011, representing a combined sales value of around €2.4bn, according to a study from property consultant Savills Ireland.

The highest number of hotel sales occurred in the larger cites in the country, with 80% of Cork city hotels changing hands, 56% of Limerick’s and 47% of Dublin’s.

Tom Barrett, head of hotels and leisure at Savills Ireland, said Ireland is unique in terms of the sheer volume of hotel sales in recent years.

He added that the development of new hotels in Dublin and the refinancing of regional hotels would now be a core focus.

“Hotel development, like many areas of the property sector, stopped during the downturn, so there is a big element of catchup in Dublin. This, coupled with air traffic surpassing all previous records in 2016 — and with further growth expected this year — means there is a real need for new bedroom stock in the right areas,” Barrett said.

Although new supply this year will be relatively small at around 180 bedrooms, next year some 1,500 new bedrooms will be developed, Savills said. These include two new hotels from Dalata, a new Aloft hotel and a new hotel from Paddy McKillen Jnr’s Oakmount.

Added to that there are also 10 potential new developments in the pipeline.

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ONDON has overtaken New York as the most important city for the ultra-wealthy, according to the latest edition of the Knight Frank Wealth Report.

New to the report this year, the City Wealth Index identifies the cities that matter to ultra-high-net-worth individuals (UHNWIs) by analysing the four key measures of current wealth, investment, connectivity and future wealth.

Using this model, London emerges just ahead of New York, with top scores in both the investment and connectivity categories. New York, however, leads on both current and future wealth.

K night Fra n k counted

193,490 UHNWIs — those with $30m or more in net assets — worldwide in 2016.

“The global economic powerhouses of London and New York dominate the rankings due to their well-established lead over other cities,” said Liam Bailey, head of global research at Knight Frank.

Despite London’s leading position, all other European cities, except Moscow, score lower for future than for current wealth.

The UK capital is the only European location in the top 10.

“L ook i ng a head, f ut u rewealth concentrations and investment firepower look set to be dominated by a tussle for supremacy between Asian and North American cities,” Bailey concluded.

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A DEDICATED CLUB TO MAKE THE MOST OUT OF YOUR 1ST MIPIM! In exclusivity for you: • Trained staff to answer all your questions • Special tips on how to connect effectively with other participants • Interactive programme and demo sessions of our tools • Complimentary breakfast and lunch

WHERE? Rendez-vous at the 1st Timers HQ next to the Registration Area, Gare Maritime

WHEN? 13-16 March 2017, from 09.00 to 19.00 17 March 2017, from 09.00 to 13.00

MAKING IT THROUGH YOUR 1ST MIPIM

has never been so easy and enjoyable.

Do not hesitate to join us!

EVENTS SCHEDULE (14-15-16 MARCH) 09.00

Power breakfast

09.30

“Discover what MIPIM is all about”

10.00

“A beginners guide to using our networking tools: getting the most from our mobile app and online database”

11.00

“Discover what MIPIM is all about”

11.30

“A beginners guide to using our networking tools: getting the most from our mobile app and online database”

14.30

“Discover what MIPIM is all about”

15.00

“A beginners guide to using our networking tools: getting the most from our mobile app and online database”

17.00

Success Stories by our Pioneers : The do’s & don’ts of having a great 1st MIPIM.

AND ALSO

HAPPY HOURS OPEN TO ALL!

Join us in the 1st TIMERS HQ on 14-15-16 March from 17:30

mipim

NEWS TECH SPARKS DEMAND FOR PARIS OFFICES

RIBA addresses architects’ concerns over leaving EU

A BOOMING tech sector in Paris is fuelling demand for office space, according to ROUND two thirds Savills. The trend is most of British architects evident in the ninth have seen projects arrondissement, where it delayed, cancelled accounted for 21% of the or scaled back since total take-up last year, nearly the Brexit referendum last June, double that of the previous according to a new survey by the year. Savills has reported Royal Institute of British Archithat workspace take-up by tects (RIBA). the tech sector in Paris and There is also concern that UK the Western Crescent last architects’ qualifications should year increased by nearly continue to be recognised in the 10%. Lydia Brissy, director EU. At the same time 40% of of European research at architects from within the EU Savills, said: “Demand from working in Britain are considertech occupiers for space in ing leaving the country.

Paris has been rising since But RIBA’s members also think the government initiated a leaving the EU is an opportunity campaign to promote to undertake “wholesale reform France as a new Digital of the UK’s inefficient public proRepublic. Big names curement system”. including Google, Amazon The survey results give an insight and Apple, have clustered in into the major concerns and opthe ninth246_RM arrondissement.”

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portunities among UK architects, with 65% expressing concern about the impact of Brexit on their business.

In response to the concerns raised by its members, RIBA has outlined five priority recommendations for the government in the publication Global By Design: How The Government Can Open Up New Opportunities For UK Architects.

RIBA president Jane Duncan said that for the UK to remain a global hub for architecture, the government must ensure the UK has access to the best talent and skills; signs trade agreements that open access to foreign markets; provides support for education, research and innovation; takes action to address the UK’s competitiveness crisis including

WELCOME RECEPTION Tuesday 14 March from 19.30 Carlton Hotel, Cannes Open to all MIPIM participants

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RIBA president Jane Duncan

infrastructure investment; and maintains common standards and low compliance costs.

Duncan added that the government must also “address the structural challenges that threaten the UK’s attractiveness as a place to live, work and invest”.

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PROGRAMME OF CONFERENCES

INNOVATION ROOM TUESDAY 14 MARCH

EXPLORE THE MIPIM INNOVATION FORUM, a pavilion gathering all innovation stakeholders to showcase the most innovative solutions and practices.

• Over 60 exhibitors and partners

NETWORKING EVENTS & ROUND-THE-CLOCK PROGRAMME with expert panels (technology and real estate leaders), startup competition finals.

Located in level -1

10:15 – 10:45 How to manage +100 global offices via agile optimisation strategy?

Discover the Salesforce way.

Sponsor: Salesforce 11:15 – 12:00 How to shift from big data to smart data?

12:15 – 12:45 How to easily optimise energy efficiency investments?

Sponsor: Ruukki 14:00 – 14:30 How has Virgin Money UK improved workplace experience and increased building efficiency with Honeywell’s Connected Services?

Sponsor: Honeywell 15:00 – 17:00 How can disrupting technologies impact the way we design, build and operate our environment?

Sponsor: Autodesk 17:15 – 17:45 Using 3D mapping for RE and property management, how to benefit from this technology today?

Sponsor: Parrot 18:00 – 18:30 Which key innovation drivers for a sustainable multi-fluid smart-grid in the city of tomorrow?

Co-sponsors: Chamrousse, Cisco, InnoEnergy, Schneider Electric

EXHIBITORS & PARTNERS

D r o N o Tec

mipim

NEWS Immobel project set to transform Luxembourg’s Kirchberg Plateau

©ARQUITECTONICA

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RUSSELS-listed developer Immobel is attending MIPIM to promote a range of projects in the territories where it is active, principally Belgium, but also Poland and Luxembourg. The firm is, for example, constructing a 33,000 sq m mixed-use scheme at the entrance of the Kirchberg Plateau in Luxembourg.

Known as Infi nity, the project has been designed by Arquitectonica and M3 Architectes and will include 6,500 sq m of retail space, cafes and restaurants around a public plaza as well as 6,800 sq m of offices which have been reserved by law firm Allen & Overy. The project also includes a 25-storey tower which will provide 150 residences.

The developer said that the

Infinity will feature a 25-storey tower which will provide 150 residences.

scheme’s architecture is intended to unify a series of adjacent existing buildings as well as creating a destination for the enjoyment of Kirchberg Plateau’s occupants and visitors and enhancing the area’s connectivity. The project’s office component is aiming for BREEAM Excellent certification when the scheme completes in September 2019.

In Belgium, Immobel is the firm behind a new 61,882 sq m scheme in Espace Nord, the only dedicated high-rise district in Brussels. The building, known as Mobius, has been designed by Assar Architects and comprises twin towers of 27,856 sq m and 34,026 sq m respectively.

Tower 1 has been bought by Allianz which will occupy the building when it is complete in December 2019. Construction will start next September.

Tower 2 will be erected in a second phase. Assar Architects said that the Mobius project is aiming to achieve BREEAM Excellent certification.

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256_RM MIPIM UK_N1_PIM

Shaping and connecting UK property

The UK Property Marketplace 18-19 October 2017, London Olympia mipimuk.co.uk

GLOBAL CAPITAL € 2 3 . 24 b n

North America € 3 7.18bn

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FLOWS

Real estate is a global business and 2016 saw increased volumes of capital flowing round the world in search of new opportunities

€ 30.15 bn

1 7.6

6b n

6b n

Asia Pacific

Source: Real Capital Analytics / Design concept: ©

€14.41bn

– Graphic S tudio

EMEA €

€ 6 .0

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NEWS

Foreign investment drawn German hotel investment to UK’s regional markets market posts record year

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VERSEAS buyers formed a larger proportion of a falling level of investment in the UK regional office investment market last year, according to consultant Knight Frank. International money accounted for 45% of investment in offices across the 10 cities tracked, up from 35% in 2015.

Although overall investment volumes fell from £3.2bn (€3.6bn) in 2015 to £2.5bn in 2016, due mostly to political turmoil, overseas investment remained consistent at £1.1bn, said in its Regional Office Market Report.

Office investment in Scotland’s capital Edinburgh reached £445m — the highest annual level since 2006. Overseas investment represented 70% of this, with German buyers acquiring the245_RM largest portion.

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was one of only three UK regional cities to record investment levels above that of 2015, along with Bristol and Sheffield.

Knight Frank said that investor interest has been aided by the continued strength of the leasing market and that occupier activity had held firm. Take-up across regional centres was above longterm average and, in Manchester, reached 1.3 million sq ft (120,774 sq m) for the third consecutive year. The highest year-on-year growth was in Bristol, where take-up reached 783,000 sq ft — a 60% increase on 2015.

“Regional UK offices remain an attractive investment for overseas investors, attracted by the weak pound, the sophisticated property market and relative political stability,” said Knight Frank head of regions, Alastair GrahamCampbell.

HE SURGE in Germany’s hotel investment market continued in 2016, with transaction volumes setting a new record at €5.18bn and representing the seventh successive rise in annual turnover, according to BNP Paribas.

Single deals generated almost €3.1bn — another new high — with around 43% of the overall volume produced during the fourth quarter. In the portfolio market, the final three months contributed nearly half the year’s overall turnover.

Listed real estate companies/REITs form the dominant buyers’ group, generating more than 29% of total volumes, mainly portfolio deals. Around half of this was accounted for by the Interhotel portfolio deal, which after its purchase in 2015 was immediately sold on to FDM Management.

Foreign investors accounted for 57% of volumes and were responsible for several of the biggest transactions, including the Interhotel deal and the acquisition of the A&O hostel chain by TPG Real Estate.

Overall, investment in hotels in the seven key locations — Berlin, Cologne, Dusseldorf, Frankfurt, Hamburg, Leipzig and Munich — rose year-on-year by 8% to €2.93bn. This was considerably lower than the national increase of 18%, indicating that hotels are becoming a growing focus outside the major markets.

BNP Paribas said that making predictions for 2017 is particularly difficult. Investor demand remains “exceptionally robust”, however supply is insufficient to meet demand. BNP Paribas predicted that reaching the €4bn mark represents a feasible target.

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NEWS C&W TAKES COMFORT

MIPIM© is a registrated trademark of Reed MIDEM - All rights reserved

REAL estate services firm Cushman & Wakefield is entering into a partnership with retail specialist Comfort for the German market. Comfort, with offices in Berlin, Dusseldorf, Hamburg, Leipzig, Munich, Vienna and Zurich, offers supra-regional and international expertise.

Yvo Postleb head of Cushman & Wakefield in Germany, said: “The co-operative partnership with Comfort in retail letting is the logical complement to our established retail investment team.” Helge T Strobel, managing director of Comfort, added: “Cushman & Wakefield’s global network and its many decades of experience are an excellent Cushman & fit with our Wakefield’s Yvo Postleb letting expertise.”

Brno’s revitalised Olympia mall sold for ‘strong return’

E

CE REAL Estate Partners and Rockspring Property Investment Managers have sold Olympia shopping centre, the largest regional shopping centre in the Czech Republic, to Deutsche EuroShop for €374m. The transaction, which is due to complete by the end of the month, follows an open-market process for bids.

Olympia, which is based in Brno, was bought by the duo in 2011 in an equal joint venture, with Rockspring acting on behalf of a separate account mandate and ECE Real Estate Partners representing the ECE European Prime Shopping Centre Fund. Since then, the centre has been managed by ECE Projektmanagement, which will continue to be responsible for management and

The Olympia centre in Brno: 170 new leases signed in the past five years

leasing post-sale.

With a leasable area of around 86,000 sq m and more than 200 stores, Olympia has gone through an asset-management programme since the original 2011 sale. This included a modernisation, with new lighting and facilities, and a tenant-mix revamp, which saw

the arrival of new store concepts and anchor tenants, such as Peek & Cloppenburg and Reserved.

ECE Real Estate Partners and Rockspring have signed 170 new leases for Olympia over the past five years.

Michael Pryer, partner and fund manager at Rockspring, said: “This sale is the result of the successful asset-management programme implemented by an expert team within the JV, who delivered a core shopping-centre product and, in turn, strong investment returns for our investors.”

“We are delighted that we have been able to divest our first property, with a considerable increase in value, about six years after the first ECE Fund was launched,” added Volker Kraft, managing director ECE Real Estate Partners.

2017 Guide The world’s property Who’s Who Pick up your copy at the registration area – gare maritime

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NEWS

Multi-storey warehouses set to go up in the world

T

HE TREND for multi-storey warehouses — already commonplace in many densely populated areas of Asia — is on its way to Europe, according to a new report from Colliers International.

The demands of e-commerce, including same-day delivery, have increased the pressure on retailers to be closer to their customers, said Bruno Berretta, Colliers’ associate director, EMEA, of research and forecasting.

“Segro is paving the way on the continent, building a 15,000 sq m two-storey warehouse in Munich’s Daglfing district,” Berretta added.

“Vailog is also building a 64,000 sq m two-level warehouse with ramp access in Gennevilliers,

in Paris’ suburbs. And in Amsterdam, near Schiphol airport, Vailog is marketing a 67,000 sq m warehouse over three levels.”

Tower structures enable developers to maximise the value of land, Berretta said, although tenants until now have been slow to warm to the idea. X2, among the first multi-storey warehouses in the UK, built near London’s Heathrow airport in 2008, took years to achieve full occupancy, according to Berretta. But he insisted they would be a part of the industry’s future: “Amazon’s new centre, under construction in the port of Tilbury, is going to be the UK’s tallest at more than 70 ft [22 metres], with four levels,” he added.

Vailog’s two-level warehouse in Gennevilliers, Paris

Segro in full control of APP UK REIT SEGRO is now the sole owner of the Airport Property Partnership (APP), having bought out its former joint venture partner, Aviva Investors.

Segro paid the equivalent of £365m (€416m) for the 50% interest in APP that it did not already own. The price will be paid as £216m in cash and assets, and by handing over assets worth £149m.

Segro acquired its stake in APP in June 2010 and acted as asset manager for the joint venture, with Aviva Investors acting as fund manager. APP holds 21 assets, which are valued at £1.097bn and have a combined area of 350,000 sq m. Most of the buildings (87% of the portfolio by value) are located at

48

London’s Heathrow Airport, and they include most of the airport’s airside cargo facilities. The portfolio also includes one development project currently under way and expected to complete in 2017.

As at December 31, 2016, the properties generated an annual rent of £42m, which will increase by £6m when rent-free periods expire — a net initial yield of 4.2%.

“We believe now is the right time to take full control and ownership over APP, in which we see a number of opportunities to realise further value from its unique portfolio in the short and long term,” said Segro chief executive officer David Sleath.

230_POLAND TODAY_N1_PIM

Poland Today at MIPIM 2017 For the 3rd year in a row Poland Today is running the Poland & CEE content at the world’s leading real estate fair in Cannes. find out more at www.poland-today.pl

Tuesday 14Th March

Wednesday 15Th March

16.30 – 18.00, Verriere Grand Audi

14.00 – 15.30, Ruby Room (5th floor)

– Showing of film specially commissioned for MIPIM – Q&A’s with developers of Poland’s leading commercial real estate projects, hosted by Richard Betts, Publisher of PropertyEU

– Panel discussion featuring Jacek Jaśkowiak, Mayor of Poznań, Ewa Łabno-Falęcka from Mercedes-Benz Manufacturing Polska and leading real estate figures, moderated by Judi Seebus, Editor of PropertyEU and Wiktor Doktor, CEO of Pro Progressio

Is this Poland’s golden age of development?

19.00 – 21.00, Verriere Grand Audi

Poland & CEE at the heart of Europe – Cocktail Party & Buffet Dinner Co-hosted with PropertyEU

Polska & CEE: Closer together or further apart?

mipim

NEWS

Seine Musicale hosts Star and GSA bring new Dylan for opening gig student housing to Tokyo

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M

IPIM Award-winning project the Seine Musicale, a new concert hall for Paris, opens its doors next month in the Boulogne-Billancourt area of the city. After less than three years of construction work, this classical and contemporary music venue will host Bob Dylan and his band on April 21 in its main auditorium, which holds 4,000 seated or 6,000 standing concert-goers. Located on the city’s Seguin Island, the venue also includes an acoustic hall which requires no amplification with 1,150 seats. Rehearsal rooms and a 2,660 sq m conference space complete the project.

Part of the Hauts-de-Seine Cultural Valley programme, the Seine Musicale has been built in a 224_ULI_N4_PIM collaboration between Bouygues

The Seine Musicale

Batiment Ile-de-France, Sodexo, Ofi Infravia and TF1 to a project by architects Shigeru Ban and Jean de Gastines. The scheme is set to strengthen the attractiveness of the western Paris district.

The Seine Musicale won the Best Future Project Award at the MIPIM Awards 2015 in Cannes and was also recognised by the PPP eco-culture prize.

OUTIQUE investor Star Asia Group and international student accommodation specialist GSA are to embark on a series of developments to bring a fresh wave of housing attached to The University of Tokyo. The partnership, GSA Star Asia KK, will enable the construction of space for a further 20,000 student beds across a number of sites in and around the university. The first of these will be a 4,500 sq m development in the Bunkyo-ku district of Tokyo, a popular student area. When complete the housing will provide 364 beds in high-quality student apartments with lounges, theatre rooms, communal areas and study space. The development will be enabled by a combination of funding from Star Asia Group, GSA Group and two unnamed global institutional investors backed up

by Japanese bank financing.

The partnership comes at a time when university accommodation is in high demand, after a historical undersupply of property in the sector. It is the latest project from the two companies, which first teamed up in 2014 with the formation of the GSA Star Asia Japan, the parent company of GSA Star Asia KK. GSA managing director for Asia Pacific Simon Loveridge said: “We’re delighted to partner with Star Asia to bring a new generation of student accommodation to Japan. We have been operating student accommodation in Tokyo for several years and also provide homes for Japanese students in other parts of the world.

Japanese students are ready for this new concept in student communal living, built on high-quality design and aimed at building a strong community of local and international students.”

Connect.

Learn.

Contribute.

Unique among professional organisations, ULI brings together nearly 40,000 people across every discipline and sector in real estate, from rising stars to worldrenowned industry leaders. Through ULI, members network, share knowledge, further their careers, and give back to their communities around the world.

Belong to the best professional community the industry has to offer - join ULI today.

Find out more about ULI’s activities in Europe at

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Become a member of ULI. 50

258_RM MIPIM PROPTECH_N1_PIM

October 11, 2017 – Convene, 117 W 46th Street, New York The premier real estate technology event in North America, in partnership with METAPROP NYC

Share, learn and network to build the future! +40

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mipim

NEWS TH Real Estate secures major debt deal for five outlet malls

I

NVESTMENT manager TH Real Estate and Neinver, Europe’s second-largest operator of outlet centres, have secured €344m of debt financing on behalf of the joint venture between Neinver and TIAA. TH Real Estate is acting on behalf of the TIAA and Neinver joint venture.

TH Real Estate and Neinver have recently completed the acquisition of six outlet centres in Spain, Italy and Poland on behalf of the venture, and acquisition financing was provided for five of those assets: San Sebastian de los Reyes The Style Outlets, Getafe The Style Outlets and Las Rozas The Style Outlets in Spain; Vicolungo The Style Outlets in Italy; and Factory Poznan in Poland.

Farrah Brown, head of treas-

ury at TH Real Estate, said the finance deal reflected the “longstanding relationship with each of the lenders involved”. She added: “The financing will further support the strong investment performance and returns expected for our investors across this leading outlet-mall portfolio, which now comprises 11 assets in Europe.”

Francisco Javier Cortijo, finance administration and controlling director at Neinver, added: “Our partnership with TIAA has achieved a strong portfolio in a very short period of time. Neinver’s specialised management and expertise in the market guarantees a continuous revaluation and growing performance of the centres.”

The refinance deal follows major retail and office acquisitions by TH Real Estate on behalf of its

European Cities Fund, including OMNi Edinburgh from Aviva Investors and an 18,500 sq m office building in Berlin from CA Immo.

The latter will be located at Wash-

ington Platz in the urban district of Europacity, between Berlin’s main station and the chancellor’s office. The planned building — The Cube — will hold 1,000 sq m of retail space on the ground floor, plus an underground car park and 10 office floors.

TH Real Estate said it has targeted Edinburgh and Berlin as two “future-proofed” cities “best positioned for long-term growth”.

Italy’s Vicolungo The Style Outlets now part of Neinver/TIAA’s “leading outlet-mall portfolio”

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mipim

NEWS

Good news from BREEAM UK asks NABERS for help for Milan’s Bodio buildings with environmental rating

T

HE ENVIRONMEN- non-harmful indoor-cleaning TAL, economic and stra- products and adopting solutions tegic value of sustainable for reducing water consumption construction and building and guaranteeing sustainable momanagement is now wide- bility. The certification process ly acknowledged, as reflected by thus introduced sustainability the BREEAM certification process without elaborate measures and requested by CBRE Global Inves- major restructuring work. tors and carried out by Habitech for CBRE Global Investors acted as Bodio buildings 1, 2 and 3 inside the investment and asset manager the Bodio Center in Milan. of the three properties.

Bodio Center covers 65,000 sq m along Viale Bodio in the Bovisa district. The buildings were recertified to the new BREEAM InUse International 2015 protocol, certified as Good.

A study of consumption levels over 12 months and an analysis of operations to run and manage the buildings made it possible to identify energy-efficiency measures and designate tools and policies for more sustainable Milan’s Bodio Centre: awarded BREEAM management, suchAWARDS_N1_PIM as choosing In-Use International certification 259_RM

A

USTRALIAN office energy-rating scheme NABERS (National Australian Built Environmental Rating System) is to be used to assess the energy performance of Stanhope and Mitsui Fudosan UK’s new Angel Court development in the City of London in a pilot project to demonstrate the benefits of the system.

“This pilot means that office buildings across the UK can achieve more accurate predictions of thermal models, which has historically been a challenge,” said Mark Terndrup a director of engineering consultancy Waterman, which is involved in the pilot project.

NABERS targets the in-use energy performance over the development process, which is then verified by an investment-grade rating using 12 months of metered data.

Waterman said the system had

been particularly successful for rating base-building services in large rented offices, typically under control of the landlord.

The analysis of Angel Court follows a feasibility study, from May 2016, which confirmed that NABERS-style schemes could work in the UK. The 18-month pilot is led by Robert Cohen of Verco Advisory Services, and supported

by Bill Bordass, from the Usable Buildings Trust.

Waterman teams in London and Australia are to test ‘design-forperformance’ in UK prime rented offices, validating buildings’ energy consumption against that declared at design stage.

“Differentiating base-building energy use from that used by occupiers has provided a focus for stakeholders in Australia. We are convinced the same potential exists for the UK,” Terndrup says.

VOTE

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the winners at the MIPIM Awards Ceremony

the winners at the MIPIM Awards Cocktail

until Thursday 16 March noon

Thursday 16 March 18.30 > 19.30

Thursday 16 March 19.30

Awards Gallery, Palais - 1

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Official Media Partner:

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146V2_WALLSTREET JOURNAL_N1_2_N3_N4_PIM

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NEWS TURKISHCERAMICS TARGETS NEW MARKETS

Leslie Jones to design retail for Hong Kong third runway

TURKISHCERAMICS’s biggest presence at MIPIM this year coincides with its ESLIE Jones Ar- Hong Kong participation, with the support chitecture has been International of Turkey’s Ministry of commissioned as part Airport Economy, in the new Turkish of a project team led Design Centre, a 1,650 sq m

by AECOM to despace in Clerkenwell, London. liver the commercial design Turkey is one of the top-five strategy for the future Third ceramics exporters in the Runway Concourse at Hong world, with over $500m in tile Kong International Airport. exports and more than In August 2016 Airport Au$200m in sanitary-ware thority Hong Kong started exports last year. that premium space is effectively the HK$141.5bn (€14bn) The company aims to investment to construct a three- planned with retailers positioned connect with architects, runway system at Hong Kong to engage with high volumes of developers, contractors, and International Airport, including global travellers. Leslie Jones sector professionals, a third runway and concourse, was appointed alongside a proparticularly in the key target with 57 parking bays, connected ject delivery team including the markets of the UK and US. It scheme’s lead consultant AEto Terminal Two. is also looking into growing Leslie Jones has been appoint- COM, lead architect Aedas, the organisation’s presence in ed as the retail architect for the Hong Kong, masterplanners OTC Germany, the number-one project, responsible for the con- and advertising specialists Wildexporting country for Turkey course’s commercial design stone Airport. both in ceramic tiles and strategy. The design will ensure The development of Hong Kong sanitary ware products.

244_RM SO ME_N1_PIM

L

International Airport’s new runway and concourse will include reclaiming 650 ha of land, with completion expected in 2024. It will enable the airport to handle an additional 30 million passengers annually, allowing it to meet the demand of 100 million passengers and nine million tonnes of cargo by 2030.

Simon Scott, head of international business at Leslie Jones Architecture, said: “Our extensive experience working in both retail and infrastructure environments means we can deliver design solutions that enhance retailer-consumer engagement while encouraging dwell time and increasing passenger spend all within an innovative space.”

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THE CONVERSATION! Engage with MIPIM 2017 Follow us live, online & onsite

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Live reports & more on MIPIM’s official blog globalrealestateexperts.com

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mipim

NEWS Brexit ‘just changes pathway’ not London’s rich potential

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ONDON’s deputy mayor Jules Pipe is representing the UK capital at MIPIM with the clear message that, despite the Brexit vote, London is open for business.

“Brexit just changes the pathway,” he told MIPIM News.

Pipe believes that the UK’s decision to leave the EU makes devolution of more powers from central government to the city authorities imperative. “We want to make progress on a series of levels — on transport and infra- London deputy mayor Jules Pipe:“A big priority for us is creating places” structure, on skills and investment in the workforce and on fis- don, Pipe added: “Crossrail is a Meanwhile, the massive investcal devolution,” he added. key piece in the jigsaw, but HS2 ment in infrastructure is openThe Crossrail east-west under- [linking London and the North of ing up new areas of opportunity, ground rail line, due to open England] and Crossrail 2 [a pro- such as at Old Oak to the west in 2019, is going to change the posed north-south line across the of the city centre. “A big prioreconomic geography APP_N1_PIM of Lon- capital] need to fit in as well.” ity for us is creating places,” 168_RMMOBILE

58

Pipe said. “In the public sector, we are here to make sure it happens.”

Work is already under way on the first new homes at Old Oak. Pipe emphasised that large-scale, masterplanned schemes at locations including Old Oak, Stratford, Greenwich Peninsula and Wembley are key to solving London’s perennial housing crisis. “The mayor’s number-one priority is affordable housing and the availability of housing in general,” he said.

But as well as banging the drum for London, Pipe also sees MIPIM as an opportunity to learn from other cities’ experience. “I’m confident London will remain an attractive place to locate and we do that by learning from other places,” he said. “We need other places to be successful too, so that we can do business with them as part of a stable global community. We will achieve that by sharing knowledge and successes.”

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R7.C.29

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FOCUS ON HEALTHCARE REAL ESTATE TUESDAY 14 MARCH 14:00-14:45 - Asset Class room, Palais -1 From sick care to well care: how does rethinking the healthcare industry impact the RE industry?

Sponsored by Medical Properties Trust.

15:15-16:00 - Asset class room, Palais -1 Senior serviced residences: what are the opportunities in this fast growing market?

Sponsored by Domitys.

WEDNESDAY 15 MARCH

16:30-17:15 - Asset class room, Palais -1 How does public-private cooperation in the RE sector favour better developments in healthcare?

16:30-17:30 - Networking Zone H&T, Palais -1 Healthcare Matchmaking Session, Sponsored by Threestones Capital.

17:45-18:30 - Asset class room, Palais -1 How do patient-oriented technologies change the face of the healthcare sector?

Sponsored by CAREIT. Followed by a cocktail in the Hotel & Tourism lounge

EXHIBITORS & PARTNERS

FOCUS ON LOGISTICS & INDUSTRIAL PROPERTY WEDNESDAY 15 MARCH 11:15-12:00 - Asset Class room, Palais -1 Is investment in Catalonia the strategic entry to Europe?

Sponsored by Barcelona Catalonia.

THURSDAY 16 MARCH 10:00-11:30 - Asset class room, Palais-1 Why Greater Copenhagen is the growing hotspot within global logistics?

Sponsored by Greater Copenhagen.

14:00-14:45 - Asset class room, Palais -1 How do new consumer behaviours reshape last mile delivery?

EXHIBITORS & PARTNERS

16:30-17:30 - Networking Zone H&T, Palais -1 Logistics Matchmaking Session.

251_RM H&T_N1_PIM

FOCUS ON HOTEL & TOURISM Hotel project showcases - Panel and discussions Organised by PKF Hotel Experts Vienna

TUESDAY 14 MARCH CITY HOTELS 14:30-14:45 The European roll-out of Jo&Joe, Christian Giraud, Senior Vice President Development Europe, AccorHotels 14:45-15:00 The mutation of city hotels in Paris, Axel Schoenert, Founder, Axel Schoenert architects

15:00-15:15 Moxy: Three Years into the Game – Time to Pause, Assess, Evaluate, Adjust, Expand, Markus Lehnert, Regional Vice President Hotel Development, Marriott

15:30-16:00 Open panel discussion followed by meet and greet of presenters 16:00-17:00 PKF hotelexperts cocktail reception (PKF hotelexperts HOTEL & TOURISM Bar)

15:15-15:30 Rolling out Radisson RED, Mathijs van Dalsen, Manager Business Development, The Rezidor Hotel Group

RENDEZ-VOUS IN THE HOTEL & TOURISM NETWORKING ROOM, PALAIS -1

EXHIBITORS & PARTNERS

TM

Hotel, Tourism and Leisure

group

177_RICS_N1_PIM-GAUCHE

www.define.fm

Join us for our IFMA-RICS

RAISING THE BAR Research Launch

Explore findings from 1,700 global corporate real estate professionals on how strategic FM is enhancing their business.

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Trillions of dollars of investment flow through property markets every year ($1.2tn in 2015).

With consistent professional standards our collaboration aims to deliver millions of dollars in efficiency savings and value from real estate assets.

PROJECT NEWS VAL BENOIT, LIEGE, BELGIUM

mipim

CYRELA BY PININFARINA, SAO PAULO, BRAZIL

Mixed-use — Presented by: SPI – Liege Provincial Development Agency The Val Benoit project will transform a 1930s-built former university campus into a modern, mixed-use neighbourhood on 9.3 ha. The scheme will create 35,000 sq m of business space of which 15,000 sq m will be offices. The area is expected to create employment for 1,800 people and it is envisaged that it will attract 1,000 visitors per day, including students and business clients. The development will include 300 housing units for a mix of students, senior citizens and family occupation. There will also be space reserved for service, leisure and cultural activities as well as for hospitality businesses, in addition to a central pedestrianised park. The project, based on a masterplan, will feature highenergy performance buildings, the first of which is already completed.

Infrastructure, including car parks and roads, will be created soon and the final three former university buildings will be renovated for culture, housing and business use. Completion is scheduled for 2020.

Residential Presented by: Pininfarina Architecture & Interiors Developed by Cyrela in partnership with Pininfarina, the luxury residential project, due to open in 2018, has an area of 2,050 sq m.

The exclusive and innovative skyscraper project is intended to provide a new way of living. The design combines movement and dynamism, inspired by curves and shapes, enabled by its metal structure. The building, which takes the names of its own designers, won the iF Design Award 2016 in the Architecture and Interior category.

CHRISTIANSHOLM, COPENHAGEN, DENMARK

TAHETORNI TEHNOPARK TALLINN, ESTONIA

Mixed-use — Presented by: Uus Maa Property Advisors Tahetorni Tehnopark, located west of Tallinn, is a 20.5 ha business park which is being planned by Favorte for commercial use — retail, manufacturing, storage and logistics enterprises. The park provides 26 plots with a total area of 133,000 sq m and is being developed in four phases. Tahetorni Tehnopark is closely allied to one of the biggest commercial areas in the North of Estonia and Tallinn — Rocca Al Mare. The project has wide ranging possibilities for different enterprises and development will start this year.

Urban development — Presented by: Copenhagen City & Port Development Developers Danica Ejendomsselskab, Unionkul Ejendomme, Nordkranen and CPH City & Port Development are planning a 45,000 sq m mixed-use project comprising residential space, a public swimming pool and other public functions.

Christiansholm is an island at the heart of Copenhagen’s waterfront and currently occupied by old warehouses. The project will create a series of new halls for informal public functions and a swimming pool. Private housing will be constructed above the halls which encircle a green and intimate courtyard. The whole island will be linked by a public promenade. The new facilities will open in early 2022.

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IZ RESIDENTIAL MARKET ANALYSIS Rapidly define a competitive market price. iz.de/wma a quicker and more extensive market overview detailed information about location quality, price developments, settlement offers, duration of offers differentiation between house purchase, purchase / rental of apartments IZ-Wohnmarktanalyse IZ-Wohnmarktanalyse: Vergleichsobjekte haus-Wiederverkauf Baujahr 1900 (Baujahresklasse < 1919) Luisenstraße 24 65185 Wiesbaden-Mitte

Wohnung Miete

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Wiesbaden - mitte - luisenstraße 24 Ausgewählte Objekte Die folgende Darstellung enthält Vergleichsobjekte zu Ihrem Objekt. Verglichen werden die Objektmerkmale wie Baujahr, Wohnlage, Aktualität des Angebots (linke Spalte) sowie die Entfernung zum Objekt (rechte Spalte). Der Grad der Übereinstimmung zeigt sich über die Anzahl der Sterne – je mehr Sterne, desto größer die Übereinstimmung.

Vergleichsobjekte nach Objektmerkmalen

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Vergleichsobjekte nach Objektnähe

Treffer

Wohnfläche

Angebotspreis /m2

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307 m2

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3

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1*

949.000 €

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754 m

1.950.000 €

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500 m2

1.150.000 €

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118 m2

5*

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300 m2

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397.000 €

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280 m2

900.000 €

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500 m2

1.290.000 €

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175 m2

399.000 €

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300 m2 134 m2 340 m2 340 m2 170 m2

446.000 € 495.000 € 749.000 € 449.000 € 799.000 € 899.000 € 519.000 €

Die zu berücksichtigenden Objektmerkmale kommen aus der iib-Datenbank und den Eingaben des Auftraggebers.

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PROJECT NEWS LE BELVEDERE, BORDEAUX, FRANCE

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GLUCKSTEINQUARTIER, MANNHEIM, GERMANY

Mixed-use — Presented by: Altarea Cogedim Right next to Saint-Jean Station which will host the TGV in July 2017 and which will link Bordeaux to Paris in 2 hours, the Garonne-Eiffel district creates a new area on the East bank of Bordeaux. The Belvedere project will constitute the heart of this new district and will offer panoramas over the 18th century town, which is listed as a UNESCO World Heritage Site, to the Garonne and the surrounding hillsides. The project consists of more than 1,200 housing units, an office space that can accommodate a company of any size and a retail offer of more than 9,000 sq m. This programme, accompanied by the creation of a central square facing the old town with 2 000 sq m of cultural and events facilities, ensures the animation of the neighbourhood and the dynamics of this new hub.

Residential — Presented by: Blocher Partners Diringer & Scheidel Unternehmensgruppe’s Gluckstein Quartier residential project, south of the main railway station, is one of the biggest projects in Mannheim. Due to complete this year, the project provides accommodation on five storeys. The design includes 97 housing units with a total of 9,400 sq m of living space and a gross floor area of 12,900 sq m. The project was allocated following an architectural competition during which the jury noted the scheme’s truncated corners that permit views of an adjacent park from the street, and which also provide a glimpse of a protected historic engine-house complex that will soon house of offices and restaurants.

SKYDECK SELECT, AHMEDABAD, INDIA

TORRE GALFA, MILAN, ITALY

Mixed-use — Presented by: Urban Up – Unipol Projects Cities Torre GalFa is part of Urban Up, a renovation project by Gruppo Unipol (UnipolSai Assicurazioni / CMB) which is aimed at enhancing some of the most important buildings of the Italian architectural portfolio. Designs for Torre GalFa respect the volume ratios and the facade of the original Melchiorre Bega project which was completed in 1959 and these remained unaltered.

Based on market analyses, the uses identified for the refurbished 27,000 sq m, 31-storey building, include a four-star hotel Melia comprising 145 rooms, 65 apartments, retail spaces, a restaurant and a sky-bar on the top two floors which are to be accessible using a glazed elevator. The design will equip the building with a cellular transparent envelope to enable the optimisation of the property’s performance and of the renewable energy plant. The renovation, by architect Maurice Kanah (BG&K Associati), will include the redesign of the urban space at the base of the tower. Completion is scheduled for 2019.

Residential — Presented by: Blocher Partners Developer Saanvi Nirman’s Sykdeck Select 15,000 sq m apartment project will provide twin 13-floor towers that comprise split-level apartments, with the room spaces expanding upwards and downwards alternately. Between them there are third apartment units forming bridges between the two wings of the towers. The 225 sq m apartments are arranged so that all 48 are well ventilated at all times from every side. Meanwhile, balconies that wrap around the towers provide shade. The length of, and planting on, balconies gives each dwelling the appearance of a standalone unit creating, for residents, the illusion of a freestanding detached house. The project will open this year.

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PROJECT NEWS IGASHIYAMA KYOTO PROJECT (SANSO KYOYAMATO H & PARK HYATT KYOTO), KYOTO, JAPAN

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VIA, RUSELOKKEVEI 26, OSLO, NORWAY

Mixed-use — Presented by: Storebrand Eiendom / Oslo Metropolitan Area Although Ruselokkevei 26 is an office building, it will also act as a public space.

The 69,000 sq m building, due to open in 2021, is not a closed office, centred on itself, but has dialogue with its surroundings and will completely transform the area by linking Nationaltheatret train station with the lively waterfront, owing to a diagonal public route through the site. By opening the ground floor to the public, surrounding streets will flow into the site, making it a natural route for passing pedestrians. The city needs high quality, non-commercialised spaces that are open 24/7 and Ruselokkevei 26 aims to provide that. The scheme is core to the future development of Central Oslo and is also ambitious about sustainable future development.

Hotel & Tourism — Presented by: Takenaka Corporation Takenaka Corporation in co-operation with Kyoyamato is planning to develop a new 70-room luxury hotel, Park Hyatt Kyoto, in Kyoto, Japan, in an 8,590 sq m scheme. Adjacent to the renowned Sanso Kyoyamato restaurant, Park Hyatt Kyoto will have a low-rise profile which complements the Ninen-zaka hillscape and the surrounding landscape. The hotel will be within walking distance of several UNESCO World Heritage Sites including the famed Kiyomizu-dera Temple and will provide views of Kyoto City and the Yasaka Pagoda.A number of historical buildings within the site will be preserved in the new development, the oldest of which is a 360-year old teahouse. Construction of Park Hyatt Kyoto began at the end of 2016 with completion slated for 2019. In addition to owning the project, Takenaka Corporation will oversee design and construction works. Park Hyatt Kyoto will be designed by worldrenowned designer Tony Chi Associates with Takenaka Corporation as co-interior designer.

ALTIC INVESTMENT ZONE (BSI) III, B PRUSZCZ GDANSKI, POLAND

9 SMART NEIGHBOURHOOD CENTRES, 3 MOSCOW, RUSSIA

Urban development —Presented by: ADG Group Developed by ADG Group, a pioneering real-estate developer focused on redefining urban environments to meet the fast changing needs of Russian citizens and communities, the 39 Smart Neighbourhood Centres project offers an extensive network of neighbourhood centres providing a variety of essentials, leisure, educational and sports activities, which will be seamlessly accessible online and offline. Through its size, 324,000 sq m (± 8,000 sq m per centre), as much as its catchment of 2.5 million people within 15 minutes of the 39 centres, the project aims to provide international retailers and local entrepreneurs with an opportunity to deliver products and services to the doorsteps of local residents. Designed by London-based architects AL_A and JHP, the new buildings include the latest sustainable technologies and will re-brand each neighbourhood with a modern touch intended to induce the revival of 1950s- to 1970s-built public parks, gardens and urban areas as the heart of Moscow’s new residential neighbourhoods.

Supported by the city of Moscow, fully financed and with some buildings already under construction, the project will complete in phases between 2018 and 2019.

Logistics — Presented by: Pruszcz Gdanski Baltic Investment Zone (BSI) III covers an area of 23.13ha and is designed for industrial, warehousing and storage facilities. Designs include 0.77ha of multifamily housing, 5.97ha of service buildings as well as 16.39ha of production buildings. There is also scope for 2,000 sq m of retail space. Baltic Investment Zone (BSI) III is located close to the Tri-City Bypass, the A1 motorway and the national route connecting Gdansk, Łodz, Warsaw and the Gdansk-Warsaw railway line. Lech Walesa Airport, connected with many cities in Europe, is 20 km away and there is also a local airport in the city. BSI III is also well connected to the seaports of Gdansk (the Deepwater Container Terminal) and Gdynia (the Baltic Container Terminal).

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PROJECT NEWS LS JONCS, GAVA E (BARCELONA METROPOLITAN AREA), SPAIN

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ODEL MALL, COLOMBO, SRI LANKA

Retail — Presented by: Blocher Partners Odel Mall is situated at Ward Place in the town centre’s Colombo Seven, which is one of the country’s most important tourist districts. Odel Mall is the logical next step in the process of making Sri Lanka’s capital, Colombo, more attractive and vibrant. The project combines shopping and spa facilities, entertainment, culinary enjoyment and 39 premium apartments. The development is also intended to utilise sustainable architecture while combining local themes with a cosmopolitan air. Lushly planted terraces and a green boulevard form a visual connection with an adjacent park creating a seamless transition from outside to inside while various protruding and recessed architectural elements break up the facade. Combined with traditional terracotta, this creates a blend of new and old elements. Near to Odel Mall are well known attractions and cultural sites as well as the town hall. When the project completes in 2019 it will be more than just a mixed-used building, it will be a microcosm of the comforts of life, crowned by an opulent, green sky garden.

Logistics — Presented by: Incasol The economic activity areas of the Llobregat Delta, in the Barcelona metropolitan area, are zoned for economic activities associated with cuttingedge industry as well as logistics activities. Llobregat Delta has one of the greatest concentrations of logistics activities and infrastructure in Europe. It includes the port, airport, ZAL, Mercabarna, rail terminals and logistics platforms covering all modes of transport: sea, air, rail and road. The 80ha Els Joncs, located in the municipality of Gava, is located at the access point to the town, at the intersection of the Gava-Begues highway C-234 with the C-32. The Barcelona-Tortosa railway line forms the north-western limit and the B-210 road, forms the south-eastern margin. The main aim of the new zone is to extend the economic activity of the Camí Ral and Parets/Barnasud Industrial Park with its industrial, logistics, tertiary and office uses.

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PROJECT NEWS FFICE ONE, STOCKHOLM ARLANDA AIRPORT, O SWEDEN

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PALM 360, DUBAI, UAE

Mixed-use — Presented by: Nakheel PJSC Palm 360 is a twin-tower luxury hotel, apartment and penthouse complex on Palm Jumeirah’s western crescent in Dubai. Set in 46,450 sq m of landscaped ground, Palm 360 includes two 55-room boutique hotels, 252 high-end serviced apartments and 12 “ultra-lavish” four-bedroom penthouses, including six duplexes of 1,115 sq m. Each penthouse occupies one or two entire floors and comes with a private infinity pool, gymnasium and home theatre. Soaring more than 220 metres above Palm Jumeirah, Palm 360 provides all-round, uninterrupted views of the island, the Arabian Gulf and the Dubai skyline. Other features include a roof-top infinity ‘sky pool’ and speciality restaurant complex connecting the two buildings at the 30th floor, more than 170 metres above ground. At 155 metres, the pool is longer than a football pitch. There will also be two further pools located above a range of beachfront restaurants

Offices — Presented by: Swedavia Swedish airport operator Swedavia is constructing a 20,000 sq m office building at Airport City Stockholm, the new airport city taking shape at Stockholm’s Arlanda Airport. Close to both the airport terminals and other transport links, the building will face a new square which is designed as a hub for work, events, shopping and socialising which creates opportunities for tenants moving into the building. Office One consists of 15,000 sq m of floorspace on seven storeys. The interior will feature different light woods. The building has been designed for maximum efficiency and minimal energy use and will be fitted with high-quality insulation, climate control systems and ventilation. The scheme is targeting a BREEAM-SE Excellent rating.

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PROJECT NEWS CITY DOX, BRUSSELS, BELGIUM

MILLENIA OFFICE, CHULA VISTA, USA

Urban development — Presented by: Atenor City Dox is a new generation mixed-use urban district which is being developed

by Immobiliere de la Petite Ile and Rest Island, a wholly-owned subsidiary of Atenor, on a 5.4 ha canal-side site in Brussels. The first phase, the development of which began last September, will provide apartments, business services, retail units, a rest home and a serviced residence, all surrounded by parkland and gardens. Future phases will include more residential space served by shops, cafes and restaurants, aimed at creating a vibrant neighbourhood. City Dox is easily accessed by road or rail and is a few minutes from Brussels South railway station. The project’s contemporary architectural styling features open spaces, terraces and green areas combined with efficient, low-energy buildings. The project gives priority to pedestrian and bicycle circulation, and will utilise new energy and waste management methods.

Offices — Presented by: Chesnut Properties Millenia Office is a cluster of three campuses designed to facilitate a new paradigm of how and where people want to work. Located in Eastern Chula Vista, in the San Diego metropolitan area of California, the three campuses are designed to create synergies between academia, technology, research and life sciences. Developer Chesnut Properties is developing close to the world’s busiest border in order to provide ease of goods transportation and the availability to an international airport for travel accessibility. The Think Campus comprises two buildings totalling 29,543 sq m on 2.86 ha, plus an amenity building with a restaurant and fitness centre, and parking for 1,302 cars. The Think Campus is approved, graded and ready for development immediately with occupancy scheduled for the fourth quarter of 2018. The Invent Campus comprises four buildings totalling 65,032 sq m on 4.57 ha, plus an amenity building, and two structures providing parking for 2,153 cars. The Discover Campus comprises one building of 37,161 sq m on 3.8 ha, plus amenity space and a 1,630-space car parking garage.

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8. Juni 2017 | Maritim Hotel Frankfurt Treffen Sie u.a. folgende Experten & Speaker Frank Sportolari United Parcel Service Deutschland Inc. & Co. OHG (Ups)

Wolf Matthias Mang Präsident der Vereinigung der hessischen Unternehmerverbände (VhU)

Prof. Dr. Tobias Just IRE BS Immobilienakademie

Paul D. Roeser IDI Gazeley

Klaus Löckel EUroCEnTral Dassault Systèmes Deutschland GmbH

Michael Löhr tiramizoo GmbH

Horst Schneider Oberbürgermeister der Stadt Offenbach

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mipim

FEATURE THE NETHERLANDS

With high demand for office space in top locations, vacancy in these markets is dropping, which is putting rents under upward pressure

Why everybody’s going Dutch The Dutch property markets offer a beacon of stability in uncertain times. But will 2016 prove to have been the high point in the current cycle, asks Graham Parker?

HOLLAND IN CANNES WANT to take the pulse of the Dutch market at MIPIM? Then head for the Holland Metropole pavilion on the seafront.

Holland Metropole is the central region of the Netherlands and home to the country’s four largest cities: Amsterdam, Rotterdam, Utrecht and The Hague. The cities are increasingly pooling their resources and collaborating on a combined pitch to international investors, positioning Holland Metropole as a top urban region for growth and development.

A

CCORDING to data from Cushman & Wakefield, 2016 was a record year for

the Dutch investment market, with investment turnover reaching an all-time high of €14.8bn. Of this, offices attracted the lion’s share at €6.1bn, followed by the €4.2bn that flowed into the residential sector. Retail saw €1.7bn of investment, and industrial and logistics were not far behind on €1.6bn.

Cushman & Wakefield says capital was widely available and that investor appetite was high. As a result, prime yields dropped in all segments. However, the broker sounds a warning note that 2017 may not live up to such lofty standards. Investor demand is expected to remain strong, but lack of available stock could dent investment turnover. Nonetheless, international capital is still expected to account for half of all transactions in the Netherlands, as it did in 2016.

Moreover, Cushman & Wakefield warns that Brexit, the Trump presidency and the upcoming elections in several major EU countries coinciding with a populist upswing could conspire to lead to more economic uncertainties.

In the occupational markets, the office sector has enjoyed a strong run, with occupancy levels rising, according to CBRE research. The firm calculates that office vacancy rates in the main Dutch cities have fallen from

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16% at the start of 2015 to just 12% at the start of 2017.

In part, this reflects the strength of the Dutch services sector. Indeed, Oxford Economics calculates that, by 2020, another 224,000 office jobs will have been created in the Netherlands. The problem for employers is that the population is effectively static, so competition for staff with the right skills is increasing. CBRE reports that this is driving companies to upgrade their office environments and implement flexible workspace strategies that fit the demands of their staff.

CBRE says: “With high demand for office space in top locations, vacancy in these markets is dropping considerably, which is putting rents under upward pressure.

Given the limited construction pipeline, market conditions are expected to remain tight, which is likely to fuel further rental growth; particularly as the Amsterdam municipality remains restrictive in its land policy by retaining a cap on new office developments.”

Outside Amsterdam, this effect is less apparent, CBRE notes: “Utrecht and some of the more regional markets, such as Den Bosch and Eindhoven, have relatively healthy supply/demand balances, although potential for rental growth in these markets is limited in the short run. Despite relatively strong job growth, rent increases have been weaker in The Hague and Rotterdam as both markets still have sufficient spare capacity to accommodate new tenants and expansions.”

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mipim

FEATURE MIPIM STARTUP COMPETITION

Startups cross the finish line

Following MIPIM’s launch last year of the global real estate industry’s first-ever competition to honour the best startups, this year’s will feature the unveiling of 2017’s most promising and innovative young companies. Liz Morrell looks at the nine startups in contention

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FEATURE T HE 2017 MIPIM Startup Competition is being organised with

global real estate tech partner MetaProp NYC and is sponsored

by BNP Paribas Real Estate. The competition is split into three categories and the winners will be revealed at a ceremony in the Grand Auditorium on tomorrow.

The Startup Competition attracted nearly 150 entries this year. Last year’s winner, Jean-Paul Rival, CEO of Urbismart, says the accolade has been hugely valuable.

“Thanks to our victory, we were able to access new investors and institutions and, therefore, boost our development,” he adds.

Who will do the same this year? The nine finalists will make their pitches at 16.00 on Wednesday in the Grand Auditorium.

BUILDING CATEGORY

Chainels

DUTCH B2B communication and data platform Chainels allows property managers to share information, such as news, features and events, between tenants and serviceproviders via a website, app and newsletter.

“Real estate investors, managers and tenants use Chainels to save time and improve the quality of their shopping centre,” says the company’s co-founder, Sander Verseput.

“Effective collaboration between tenants, property managers, security guards, marketing professionals and owners can sometimes be difficult to arrange. Due to incorrect contact details, staff changes and outdated communication methods, some stakeholders are often unaware of what the other stakeholders are doing. In order to achieve common goals, everyone has to know what’s happening, when and why. Our user-friendly platform offers all the tools one needs to reach and engage every stakeholder in a shopping centre.”

Cunio Technologies

APP and web application cunio connects residential-building landlords, tenants, property managers and service providers.

“It’s a virtual meeting place that manages all the relevant information centrally,” says Erik Boska, founder and partner of cunio Technologies.

Boska believes cunio will disrupt the industry in three key ways: “First, we bring all stakeholders together on our digital platform.

This leads to efficient ways of working in building management and stops the daily

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burning of money because of a lack of information and unco-ordinated participants.”

The second step-change is automation. “We have re-engineered the business processes so that property managers need less effort to do their daily work,” Boska says.

The third effect is change: “With cunios’ feedback system we have a positive impact on the working style and break up the oldfashioned connections between stakeholders.

For example, in the case of dissatisfaction, tenants are able to give direct feedback to the cleaning staff via the cunio app without contacting the property manager.”

Ravti

US-BASED Ravti produces software to track, manage and procure HVAC (heating, ventilation, and air-conditioning) for sophisticated CRE owners and operators. The company describes itself as an ‘HVAC management solution for the 21st century’ in an industry that has fought shy of digitisation.

“Today HVAC is a completely opaque industry,” says Ravti co-founder Alex Rangel. “At Ravti, we are fundamentally adding transparency and disruption to the largest maintenance and repair expense in CRE. With data, we are putting the power back into the owner’s hands.”

Rangel sees the Startup Competition as a valuable platform. “It’s not often you have the opportunity to showcase CRE tech to potential clients,” he says. “Winning would be a prestigious honour that reflects positively on the incredible team we are building.”

mipim

FEATURE CITY CATEGORY

Addweup

TAIWANESE company Addweup, which launched in March last year, claims to be the airport industry’s smartest change-processing expert. The company allows airports and their visitors to deal more efficiently with surplus foreign currency, either by adding it to an online account or by donating it to a charity.

Travellers simply insert their leftover money in an Addweup machine located at the airport and key in their email address or mobile number. They can then choose to deposit their cash into to an online payment account such as PayPal or donate it to a charity of their choice.

ParkBee

Envelope

ENVELOPE’s 3D urban map-based software helps real estate professionals to visualise, analyse and run scenarios on development potential under zoning constraints.

The New York-based company is run by CEO Cindy McLaughlin. “We allow users to model building potential with lot assemblage, air rights transfers, city-offered bonuses, use types, custom floor-to-floor heights and more,” she says. “Once you can visualise and calculate what’s possible to build under a range of zoning rules, you can help all stakeholders contribute to the city planning process, with a clear understanding of the consequences and trade-offs of new developments.”

It is also transforming processes, McLaughlin adds: “We take what is currently a fiveto 10-hour manual process done by experts and turn it into a dynamic, fun, web-based exercise, taking minutes instead of hours.

We’re replicating the output of the existing process, so it’s 100% familiar, but far faster, much cheaper and entirely private.”

TRANSACTION CATEGORY

WeDeal

LONDON-based ParkBee uses parking spaces that sit within company buildings that are usually empty during evenings and weekends, when parking pressure is at its highest, to make money.

“We decided to develop smart hardware and software to open up these private garages to the public,” says Tom Buchmann, co-founder and managing director of ParkBee, London.

“Now, through our partner parking apps, Parkmobile and RingGo, people can park at private car parks for at least 30% less than the on-street tariff. For landlords, it’s a great opportunity to maximise the use of their assets, which helps to solve a city’s parking problem while also generating a large extra rental income.”

Buchmann adds: “We are the only parking platform that co-operates directly with big players in the real estate industry, as well as Europe’s largest parking-app providers. This way, we create supply and demand faster and more efficiently.”

POPULAR Street is the creator of the homerental platform WeDeal, which allows renters and owners to directly and instantly set up deals, schedule viewings and sign custom rental agreements.

“Our renters follow five steps from search, shortlist, discussion and legal — including rental agreement signings — to move-in,” says Popular Street founder and CEO Peter Lam. “Once their properties are listed, owners have a clear dashboard to perform ‘actions’, such as screening, viewings and dealing. Owners can perform everything on our platform themselves, or they can engage our ambassadors to perform these actions for them.”

Lam adds that WeDeal enables the traditional problem areas to be avoided. “Most owners and renters are dissatisfied with traditional store-front agents, but they help with negotiations and legal,” he says. “Our platform addresses these pain points with simple, streamlined, stress-free negotiations and legal signing.”

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StackSource

STACKSOURCE, an online platform for commercial real estate loans, allows property owners to connect easily with lenders to finance their projects.

“Our platform guides the borrower through the process of building a loan request and automatically matches them with appropriate lender contacts,” says Tim Milazzo, co-founder and CEO of StackSource. “There are thousands of lenders out there, accessed through an old-school process of tracking down the right loan officer, asking them if they are currently interested in your type of project, creating a flat document with information about your project, and then fielding feedback and loan offers according to a different process with each lender. We’re a tool for simplifying all of this — follow a simple process, connect instantly and get your loan deal done.”

Storefront

LONDON-based Storefront claims to be the world’s largest specialist of short-term retail for pop-up stores, shopping malls and showrooms.

“Our company connects vacant retail space across the globe with premium brands and retailers for the purpose of creating temporary pop-up stores and showrooms for durations of between one day and 18 months,” director Matthew Greenwell says.

Storefront now has seven international offices spread across London, New York, Paris and Hong Kong. Its online platform powers more than 10,000 retail listings, which represent 30 million sq ft-plus (2.78 million sq m) of space. Storefront has found space for clients including Google, Samsung, Adidas and L’Oreal since in launched in 2014.

“We are creating liquidity in the market for both parties to get retail moving forwards,” Greenwell adds.

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Nomina

ted for

“Best inn green bu ovative at MIPIM ilding” Awards.

Vo te for us !

Sustainability goes public.

The world’s most open corporate headquarters is a model of sustainability.

Not a typical headquarters.

The new Siemens corporate headquarters is not a typical HQ building. It is open for everyone and forms an attractive downtown district full of opportunities in the heart of Munich that invites people to meet, stroll and linger. The building also sets standards in terms of environmental friendliness, energy efficiency and the sustainable use of resources. The result: 90% less electricity, 75% less water and 90% fewer CO2 emissions compared with the previous headquarters. And its nomination for “Best innovative green building” at the MIPIM Awards. Please vote for us!

siemens.com

Siemens Headquarters designed by Henning Larsen Architects.

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06.03.17 13:51

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DISCOVER THE FUTURE OF EATING OUT

Visit us at Stand

P-01.H51

The all new “Foodtopia” in MyZeil Frankfurt/Main is scheduled to open by the end of 2018. Its highlights include a unique combination of food, leisure, entertainment from day to night and outdoor seating overlooking Frankfurt’s skyline. The existing spectacular glass architecture is the setting for the new concept with urban gardening and vintage industry style elements. This will make MyZeil a premium shopping and leisure experience. www.ece.com

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28.02.17 20:26