As delegates worked their way through day two of the Mipim trade show in Cannes, France, three talking points quickly emerged as the overarching topics of conversations.
ESG, Ukraine and Inflation are being discussed everywhere as precursors to the detail of specific business proposals and projects.
All three issues are covered in the latest edition of PropertyEU, on display at the exhibition halls for delegates to take (pictured).
Inside the latest edition are interviews with Blackstone’s ESG guru, Caroline Hill, plus GRESB the sustainability benchmark firm, and companies such as Goodman, P3, Mileway, Savills, Drees & Sommer UK, Hollis, Cromwell Property Group, Patrizia, Bouwinvest, and Redevco.
The centre piece ESG roundtable and a special report on Diversity & Inclusion come before the Outlook 2022 report identifying Ukraine and Inflation as potential gamechangers.
MIPIM 2022 DEEPER DIVE
But initial reports from our correspondents on the ground at Mipim during Tuesday suggest within that context, key takeaways are emerging:
-This year, there are fewer people attending Mipim than ‘normal’ years.
-While there are many companies represented, they have sent smaller teams.
-There are also fewer investors especially from outside Europe who have put travel on hold as well as investment, possibly for three-to-six months.
-Domestic investors are relishing the reduction in competition.
-Financial metrics such as yields for core-plus and value-add investments will alter due to lower rental growth and expected higher interest rates.
-Persistent higher inflation will naturally favour index-linked leases.
Our correspondents will bring more detail on these as they emerge