Magazine article The Middle East

Istanbul Real Estate on the Red Carpet in Cannes

Magazine article The Middle East

Istanbul Real Estate on the Red Carpet in Cannes

Article excerpt

mipim2015 With 93 countries represented, MIPIM is the ultimate global meeting place for the world's real estate executives to come together with regional administrations seeking to develop and grow their towns and cities as international brands. Launched in 1990, the four-day event (10-13 March) is expected to attract over 20,000 delegates including more than 4,500 investors.

istanbul mipim

One of the main sponsors of this years' event is Istanbul, under the auspices of the Istanbul Chamber of Commerce (ICOC); their flagship pavilion features an impressive 96 square metre model of the city, with hourly shows with special effects that showcase 24 hours in this fascinating city, which links East and West.

The president of the ICOC, Ibrahim Caglar said "presenting Istanbul's new face, its vision and its heritage by emphasising its real estate and infrastructure projects as well as its iconic historical places on a 3D model is blazing a trail for us and other world cities. Our Chamber has 60,000 member companies active in the real estate and construction sectors and we aim to promote our efforts at MIPIM."

According to a recent report, /Emerging trends in real Estate 2015/, produced by the Urban Land Institute and PricewaterhouseCoopers (PwC), the real estate sector is expected to be busier and more profitable in 2015. "The optimism is clear despite weak fundamentals and economic conditions as well as an undercurrent of concern about the geopolitical situation in parts of the world. …

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