MIPIM in Cannes was held for the 30th time, and this event remains the largest forum of the investment market. Every year, participants from Russia complain about a reduction in the representation of stands from our country, but every year they continue to go here and wait for the exhibition, which for many personifies the beginning of spring.
The Russian delegation this year has shrunk compared to the past, but interest in the exhibition remains, it is still for many consulting and development companies to visit MIPIM is obligatory. There are really not many Russian projects on display, regional projects are not represented at all. But we note the qualitative growth of interaction with foreign colleagues and partners. For our compatriots, MIPIM ceases to be a meeting place with each other and becomes a platform for international cooperation and exchange of experience.
This year we observed a great activity of Russian developers at the stands of such countries as Cyprus, where there are opportunities for obtaining EU citizenship. ILM has a project Zen Invest, which is responsible for the rental and sale of foreign real estate. We can say that traditionally this direction is interesting for private investment from individuals, however, the arrival of institutional investors can mean that the direction is moving to a fundamentally new level. At the same time, there are a number of segments that have always been considered exclusively by professional investors, for example, warehouse real estate. But the investments of private individuals, which have already become widespread in retail facilities, will sooner or later become relevant here.
Thus, the general trends for the investment market are business diversification, on the one hand, and private investment, on the other. This year we took part in the Russian Breakfast, the theme of which was the readiness of the real estate market for technological breakthroughs and the need for transparency. These are very relevant topics now, and all this is also connected with new communication opportunities, new rules for doing business and new investment channels. What will remember the anniversary MIPIM? I will note a special prize received by the Zaryadie park. This is a big victory for all of us and, of course, for Sergey Kuznetsov! Congratulations to all involved in the project and wish us all more bright and bold urban planning solutions!
Source - CRE https://cre.ru/expert/2076