MIPIM 2018: The most sought-after real estate assets are industrial
Tech got mainstream as industry eyed urban future during MIPIM 2018, the world’s leading international real estate business, conference and networking event.
CBRE – Industrial in the spotlight
The annual EMEA Investor Intentions Survey, released during MIPIM by CBRE, confirmed that for European investors the most sought-after real estate assets are industrial, notably logistics. CBRE noted that is the first time industrial has overtaken office investment and the interest in logistics clearly reflects the growth in e-commerce. The report also noted that 33% of investors intend to deploy more capital in 2018 than last year, with 70% of investors actively pursuing ‘alternative’ assets.
CITIES AS ECONOMIC DRIVERS
Representatives from some 60 of the world’s largest sovereign wealth, pension, institutional and insurance company investment funds come together for the annual Re-Invest Summit. Investors acknowledged that the increasing importance of cities as economic drivers, has led them to adopt a city-by-city investment strategy compared to a country or regional approach of previous years.
CUSHMAN: ASIAN INVESTORS INCREASE PRESENCE IN EUROPE
In its annual Global Investment Atlas 2018, Cushman & Wakefield noted that Asian investors were particularly active, increasing their investment in Europe by 96% year on year. Investment from Asia Pacific to Europe hit $39.5 billion in 2017 compared to $20.9 billion heading towards the Americas. The Asian delegation at MIPIM was drawn from 15 countries.
26,000 real estate, city and political leaders, including 5,400 investors, from over 100 countries came together at this year edition of MIPIM.