United Kingdom
MIPIM 2010
While there was a general view that there were fewer people at MIPIM this year, BDO saw a record number of people attend its Cocktails in Cannes event. Of those who were in Cannes in both 2009 and 2010, there was general consensus that while quieter, conversations that were taking place were far more productive then perhaps the halcyon days of the past. Overwhelmingly, the main topic of conversation was the positions being adopted by the banks and the extent to which a flexible view would continue to be taken over loan to value covenants on properties not considered to be prime or near prime. But, time will tell more clearly than any policy statements.
Another area much discussed was how long prime central London properties could continue to fetch prices based upon sub five per cent yields. The minority view this as a bubble but the predominant view appears to be it is understandable pricing in comparison to government and corporate bond yields as real estate also offers protection against longer term inflation fears.
If you are interested in any of these issues, or would like to talk to one of our MIPIM 2010 team please fee free to contact them directly:
MIPIM 2010 Team
| UK | |
| Name | Office |
| Solly Benaim | London |
| Simon Bevan | London |
| Jason Briggs | London |
| Russell Field | Southern |
| Michael Goldstein | London |
| Stephen Herring | London |
| Dermot Hough | London |
| Geraint Jones | London |
| Richard Kelly | Eastern |
| Paul Lavercombe | Southern |
| Richard Levy | London |
| Simon Michaels | London |
| Philipp Prince | London |
| Hira Sharma | London |
| Andy Smith | Reading |
| Eric Solomans | North |
| Philip Spencer | London |
| Alex Tapp | London |
| International | |
| Filip Diez | Belgium |
| Dirk Van Wal | Belgium |
| Arjan Endhoven | Netherlands |
| Tom Van Der Kooi | Netherlands |
| Calrinca van Veelen | Netherlands |
| Stuart Eisenberg | USA |
| Brian Bader | USA |
| Wolfram Bartuschka | Germany |
| Martin Beck | Germany |
| Sigmund Olav Lie | Norway |
| Hans Petter Urkedal | Norway |