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Economic Development

MIPIM release update on whether Cannes property festival will go ahead after top firms pull out

Organisers Reed MIDEM said 90% of firms remain committed to attending the showcase

MIPIM is a global property showcase in Cannes each spring

The organisers of MIPIM property festival have today reaffirmed their commitment for the event to go ahead - despite firms pulling out due to fears over the deadly Coronavirus outbreak.

Officials have today issued a statement saying despite the situation "continually evolving", "90%" of firms remain committed to attend the event.

Organisers Reed MIDEM added that it extended "best wishes" to firms including Knight Frank, Cushman and Wakefield, PGIM Real Estate and Landsec, who have announced they will no longer be sending teams to Cannes.

The statement added that dedicated medical teams will be in place at the south of France event - "working with city and health authorities to ensure that any delegate will have access to full medical treatment and guidance in the unlikely event that it is required".

The full statement from Reed MIDEM said:

"Firstly, we extend our best wishes to those clients who have made the very difficult decision to not attend MIPIM 2020. We do not underestimate how challenging this decision has been for them. They are long-standing members of the MIPIM family and we look forward to welcoming them back in 2021.

"However, whilst we appreciate the situation is continually evolving, as of today more than 90% of companies remain committed to attend MIPIM. Therefore, we re-confirm that MIPIM will run as scheduled on 10-13 March.