Global investors to discuss risks and opportunities in UK real estate at MIPIM UK

03 Jul 2017

Survey of international institutional investors managing over $600 billion in real estate assets marks the launch of MIPIM UK 2017

London, July 3rd, 2017 Global international investors remain committed to the UK real estate market despite the ongoing uncertainty over Brexit.

These are the key findings of a survey of 60 of the world’s leading institutional investors who together manage over $600 billion in real estate assets, which was published to mark the launch MIPIM UK 2017.

Nearly half (46%) of the investors, who gathered at RE-Invest Summit at MIPIM Cannes in March 2017, said they intended to continue with the same level of investment in UK property following the triggering of Article 50, which began the process of the UK’s withdrawal from the EU.

Meanwhile, the survey, undertaken by KPMG, found that 44% of respondents said their organisations would slow down investment in the UK, while only 10% said they expected to stop investment altogether.

When asked which cities would be likely to benefit from increased inward investment as a result of the UK leaving the EU, nearly a third (30%) stated they did not believe Brexit would have a material benefit on any other city, with London expected to retain its preeminent status as a global financial centre, regardless of whether the UK is in or out of the EU.

Others said Frankfurt (23%) and Dublin (22%) were likely to be the main beneficiaries of Brexit.

Now in its fourth year, MIPIM UK will reflect this shifting landscape – both the threats and the opportunities - in its theme UK Real Estate: The Next Chapter, with the content of the programme exploring the profound and far-reaching impact the changes will have on the industry.

MIPIM UK, which runs from 18-19 October at London Olympia, targets leading real estate decision-makers operating at a national, regional and local level in cities throughout England, Northern Ireland, Scotland and Wales.

Ronan Vaspart, Director of the MIPIM events said:  “The survey demonstrates the continuing strength of the appetite among global real estate investors for opportunities in the UK real estate market, despite ongoing economic and political uncertainty, and highlights issues that will be explored in detail at MIPIM UK in October.

“The issues and challenges the UK is facing, alongside the opportunities, will be explored in depth during MIPIM UK, which brings together investors, developers, local authorities, government and leading figures from across the property industry. Amid all the uncertainty there is incredible opportunity and this dynamic makes MIPIM UK more relevant and essential than ever,” noted Ronan Vaspart.

Organised by Reed MIDEM, a subsidiary of Reed Exhibitions, MIPIM UK conference sessions will provide analysis and debate of key issues, including infrastructure, regeneration, housing, the aging population, urban logistics, retail investment, the future of the workplace, innovation and proptech.

MIPIM UK will also host an Investors’ Summit and a Mayor’s think tank and will feature leading thinkers and speakers from across the property industry, as well as politics and economics.

Andy Pyle, UK Head of Real Estate at KPMG, said:  “What Brexit means for the real estate sector remains unknown long-term, unfolding day-by-day. That’s why there is a vital need to be prepared for the unexpected. Uncertainty naturally has an impact on the industry’s attitude towards investing in the UK, but these attitudes also vary by investor, the origins of capital, investment strategy and the stance on Brexit.”

More information on MIPIM UK on our press room.

For UK media enquiries please contact:
Tom ELLIOTT, Associate Director
Tel: +44 (0) 207 247 8334 - tom@ing-media.com

For international media enquiries please contact:
My-Lan CAO, Real Estate Press Director
Tel.: +33 (0)1 79 71 95 44 - mylan.cao@reedmidem.com

 

 

 

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