# MIPIM

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{{Short description|Annual real estate event held in Cannes, France}}
{{Use dmy dates|date=July 2023}}
{{Use British English|date=July 2023}}
thumb|Cannes Palais des Festivals et des Congrès
'''MIPIM''' (from the French: '''''Le Marché international des professionnels de l'immobilier''''') is a four-day property and [real estate](/source/real_estate) [trade show](/source/trade_show) held annually in March at the [Palais des Festivals](/source/Palais_des_Festivals) in [Cannes](/source/Cannes), France. Drawing thousands of international attendees to the [French Riviera](/source/French_Riviera), it has become a major event in the property industry, but has also been criticised for its extravagance and sleaze. A sister event, MIPIM Asia, is held annually in Hong Kong.

==History==
Organised by Reed MIDEM, a subsidiary of Reed Exhibitions (today [RELX](/source/RELX)), the event was first held in March 1990,<ref name="CCT">{{cite news |title=MIPIM Over the Years |url=https://www.cctinvestments.com/mipim-over-the-years/ |access-date=10 December 2024 |work=CCT Investments |date=25 March 2016}}</ref><ref>{{cite news |last1=O'Keeffe |first1=Jennifer |title=MIPIM: What is the real estate event and who attends? |url=https://www.insidermedia.com/news/national/mipim-what-is-the-real-estate-event |access-date=10 December 2024 |work=Insider Media |date=11 March 2024}}</ref> and then attracted 2,950 attendees and 830 companies from more than 22 countries.<ref name="CCT"/> The MIPIM Awards were instituted in 1991<ref name="CCT"/> and the [MIPIM ''Architectural Review'' Future Projects Awards](/source/MIPIM_AR_Future_Projects_Award) started in 2002.<ref>{{cite web|url=http://akichiatlas.com/en/archives/mipim_future_project09.php|title=MIPIM Architectural Review Future Project Awards 2009|publisher=Architectural Review|accessdate=2009-09-16}}</ref> By 2009, MIPIM had become an established annual event where [property developer](/source/property_developer)s, cities and local authorities could meet with potential real estate investors;<ref name="CCT"/> in 2018, while noting the event always attracted "tycoons keen to party on lavish yachts", the ''[Financial Times](/source/Financial_Times)'' also noted the attendance of [Homes England](/source/Homes_England), the [Department for Homes, Communities and Local Government](/source/Ministry_of_Housing%2C_Communities_and_Local_Government) and the [British Property Federation](/source/British_Property_Federation).<ref>{{cite news |last1=Williams |first1=Aime |title=Government and developers come together at property jamboree |url=https://www.ft.com/content/1fba6e44-2933-11e8-b27e-cc62a39d57a0 |access-date=11 December 2024 |work=Financial Times |date=18 March 2018}}</ref> In 2019, a third of top-tier UK councils - 51 in total, including 11 London boroughs and eight Midlands county councils - attended MIPIM.<ref name=Calkin>{{cite news |last1=Calkin |first1=Sarah |title=Revealed: Third of top-tier councils attended Mipim 2019 |url=https://www.lgcplus.com/research/revealed-third-of-top-tier-councils-attended-mipim-2019-15-04-2019/ |access-date=19 January 2026 |work=Local Government Chronicle |date=26 April 2019}}</ref>

The event features some {{convert|20,000|sqm}} of exhibition space, a conference programme, numerous official and unofficial networking events, and an awards event featuring several categories of architectural projects. Spin-off events have also been held in other locations (for example, in London in 2014<ref name=Wainwright>{{cite news |last1=Wainwright |first1=Oliver |title=Protests disrupt property fair in London |url=https://www.theguardian.com/society/2014/oct/15/protests-mipim-property-fair-london |access-date=10 December 2024 |work=Guardian |date=15 October 2014}}</ref> and 2016,<ref name="Baxter">{{cite news |last1=Baxter |first1=Holly |title=Voices All the sickening things insiders told me about MIPIM, the London conference for property magnates |url=https://www.independent.co.uk/voices/mipim-housing-crisis-markets-insiders-what-they-say-london-conference-property-magnates-a7369621.html |access-date=10 December 2024 |work=Independent |date=19 October 2016}}</ref> New York City in 2023),<ref>{{cite news |last1=Russo |first1=Philip |title=MIPIM Propel Becomes MIPIM NY |url=https://commercialobserver.com/2023/03/mipim-ny/ |access-date=11 December 2024 |work=Commercial Observer |date=3 March 2023}}</ref> with MIPIM Asia in Hong Kong also an annual event.<ref>{{cite web |title=What is MIPIM Asia Summit? |url=https://www.mipim-asia.com/en-gb.html#/ |website=MIPIM Asia |publisher=MIPIM |access-date=11 December 2024}}</ref>

In February 2020, MIPIM organisers postponed the event to June 2020 due to the [COVID-19 pandemic](/source/COVID-19_pandemic),<ref>{{cite news |last1=Fairs |first1=Marcus |title=MIPIM property fair postponed until June over coronavirus fears |url=https://www.dezeen.com/2020/02/29/mipim-property-fair-postponed-until-june-over-coronavirus-fears/ |access-date=10 December 2024 |work=Dezeen |date=29 February 2020}}</ref> before eventually cancelling it altogether. The 2021 edition was also cancelled due to the pandemic. MIPIM resumed in 2022.<ref>{{cite news |last1=Ford |first1=Coreena |last2=Finch |first2=Hannah |title=MIPIM 2022: Who is going to the international property conference and what to expect |url=https://www.business-live.co.uk/commercial-property/mipim-2022-who-going-international-23348750 |access-date=10 December 2024 |work=BusinessLive |date=10 March 2022}}</ref><ref>{{cite news |last1=Phillips |first1=Mike |title=Lower Numbers, Less Partying, But MIPIM Sees Real Estate Shrug Off Hazards |url=https://www.bisnow.com/london/news/commercial-real-estate/lower-numbers-less-partying-but-mipim-sees-real-estate-shrug-off-hazards-112295 |access-date=11 December 2024 |work=Bisnow |date=17 March 2022}}</ref> According to the organisers, the 2023 event attracted over 22,500 delegates from 90 countries, including 6,500 investors from 76 of the top 100 investment managers.<ref>{{cite web |title=MIPIM invites young professionals to challenge the real estate industry |url=https://www.mipim.com/content/dam/sitebuilder/rm/mipim/2024/press/MIPIM%20invites%20young%20professionals%20to%20challenge%20the%20real%20estate%20industry.pdf.coredownload.946967007.pdf |website=MIPIM |publisher=MIPIM |access-date=12 December 2024}}</ref> In 2024, 6,000 of the event's 21,000 delegates were from the UK, with London, Manchester, Liverpool, Newcastle and Belfast supporting a UK stage.<ref>{{cite news |last1=Delahunty |first1=Stephen |title=Dispatches from MIPIM 2024 |url=https://www.insidehousing.co.uk/insight/dispatches-from-mipim-2024-85643 |access-date=13 December 2024 |work=Inside Housing |date=15 March 2024}}</ref> In 2025, the [Mayor of London](/source/Mayor_of_London) Sir [Sadiq Khan](/source/Sadiq_Khan) led a team seeking £22bn of investments in 20 key projects.<ref>{{cite news |last1=Mercer |first1=Karl |title=Sir Sadiq Khan in Cannes to 'bang drum for London' |url=https://www.bbc.co.uk/news/articles/c4gdkl7z3g4o |access-date=10 March 2025 |work=BBC News |date=10 March 2025}}</ref>

==Criticism==
However, the cost of attending MIPIM in Cannes, and what some have regarded as excessive networking and socialising,<ref name="Baxter"/> have come in for criticism. For example, amid UK public sector spending constraints, the cost of sending local authority representatives to Cannes has been attacked by councillors in [Belfast](/source/Belfast)<ref>{{cite news |last1=Kenwood |first1=Michael |title=Controversial Cannes property conference sparks row among Belfast City Council |url=https://www.belfasttelegraph.co.uk/news/northern-ireland/controversial-cannes-property-conference-sparks-row-among-belfast-city-council/41825732.html |access-date=10 December 2024 |work=Belfast Telegraph |date=8 July 2022}}</ref><ref>{{cite news |last1=Kenwood |first1=Michael |title=Belfast councillors clash over attendance at south of France property conference |url=https://www.belfastlive.co.uk/news/belfast-news/belfast-councillors-clash-over-attendance-29778611 |access-date=10 December 2024 |work=Belfast Telegraph |date=20 August 2024}}</ref> and [Dudley](/source/Dudley).<ref>{{cite news |last1=Storer |first1=Rhi |title=Dudley Council 'could have lost £400,000 of taxpayer’s money over Cannes conference' |url=https://www.expressandstar.com/news/local-hubs/dudley/2023/04/12/dudley-council-could-have-lost-as-much-as-400000-of-taxpayers-money-to-attend-a-global-property-conference-in-france-according-to-leaked-document/ |access-date=10 December 2024 |work=Express & Star |date=12 April 2023}}</ref><ref>{{cite news |title=Calls for inquiry over £100k Dudley Council France trip |url=https://www.bbc.co.uk/news/uk-england-birmingham-67782222 |access-date=10 December 2024 |work=BBC News |date=21 December 2023}}</ref> In 2014, ''[The Guardian](/source/The_Guardian)'' said it had a reputation as "a champagne-soaked jamboree where local authority chiefs are wined and dined by investors";<ref>{{cite news |last1=Wainwright |first1=Oliver |title=Anger at Cannes property fair where councils rub shoulders with oligarchs |url=https://www.theguardian.com/society/2014/mar/14/anger-cannes-property-fair-councils-developers-mipim |access-date=10 December 2024 |work=Guardian |date=14 March 2024}}</ref><ref name=Wainwright/> in 2019, the ''[Local Government Chronicle](/source/Local_Government_Chronicle)'' said it had "a reputation for excess".<ref name=Calkin/>

In 2018, MIPIM delegates' use of [prostitute](/source/prostitute)s was highlighted<ref>{{cite news |last1=Hatcher |first1=David |date=24 March 2016 |title=Not the property industry’s finest hour |url=https://www.egi.co.uk/news/not-the-property-industrys-finest-hour/ |access-date=10 December 2024 |work=EGI}}</ref> (also noted by a ''[Construction News](/source/Construction_News)'' journalist in 2001: "as a naïve young reporter, I was amazed to see a list of the best [brothel](/source/brothel)s in town contained within the unofficial, but widely distributed, event guide").<ref name=Marrs>{{cite news |last1=Marrs |first1=Colin |title=MIPIM sums up a changed industry |url=https://www.constructionnews.co.uk/sections/long-reads/opinion/mipim-sums-up-a-changed-industry-27-03-2024/ |access-date=11 December 2024 |work=Construction News |issue=27 March 2024}}</ref> In 2018, after the London [Presidents Club](/source/Presidents_Club) scandal had revealed the "sleazy underbelly" of the property industry, MIPIM organisers issued a 'code of conduct' forbidding businessmen from bringing prostitutes to its conference and exhibitions,<ref>{{cite news |last1=Bloom |first1=Jonty |title=Cannes property show accused of sleaze and sexism |url=https://www.bbc.co.uk/news/business-43215804 |access-date=10 December 2024 |work=BBC News |date=27 February 2018}}</ref> and several organisations including [Coutts](/source/Coutts), [HSBC](/source/HSBC) and [Bank of America Merrill Lynch](/source/Bank_of_America_Merrill_Lynch) withdrew their MIPIM delegations.<ref>{{cite news |last1=Neate |first1=Rupert |title=Presidents Club scandal casts shade over 'sleazy' property industry |url=https://www.theguardian.com/uk-news/2018/mar/16/presidents-club-scandal-casts-shade-over-sleazy-property-industry |access-date=10 December 2024 |work=Guardian |date=16 March 2018}}</ref><ref>{{cite news |last1=Williams |first1=Aime |last2=Allen |first2=Kate |title=Property executives dominate at men-only Presidents Club dinner |url=https://www.ft.com/content/e276bad8-0128-11e8-9650-9c0ad2d7c5b5 |access-date=7 December 2024 |work=Financial Times |date=24 January 2018}}</ref><ref>{{cite news |last1=Mairs |first1=Jessica |title=World's biggest property event criticised for response to Presidents Club scandal |url=https://www.dezeen.com/2018/01/31/mipim-property-industry-event-criticised-presidents-club-scandal-news/ |access-date=10 December 2024 |work=Dezeen |date=31 August 2018}}</ref> The male-dominated and sometimes sexist culture of the event has also been criticised.<ref name=Marrs/><ref>{{cite news |title=It’s lads lads lads at MIPIM and that’s the way we like it |url=https://www.architectsjournal.co.uk/news/opinion/its-lads-lads-lads-at-mipim-and-thats-the-way-we-like-it |access-date=10 December 2024 |work=Architects' Journal |date=15 March 2023}}</ref><ref>{{cite news |last1=Hughes |first1=Kay |title=A woman's view of Mipim |url=https://www.bdonline.co.uk/briefing/a-womans-view-of-mipim/5092740.article |access-date=11 December 2024 |work=Building Design |date=23 March 2018}}</ref>

==References==
{{reflist}}

==External links==
{{commonscatinline}}
*{{Official|https://www.mipim.com/en-gb.html}}

Category:1990 establishments in France
Category:Trade fairs in France

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Adapted from the Wikipedia article [MIPIM](https://en.wikipedia.org/wiki/MIPIM) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/MIPIM?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.