Last week saw MIPIM, the world’s leading property market event, take place in Cannes. As thousands of property experts from across the globe gathered under some glorious sunshine and in the eye line of some stunning sea views, to discuss new market trends, important announcements and to network, we were left in a very windy and rainy Sheffield, observing from a distance.
However, even sat in the office behind our computers screens, the four-day conference offered us PRs who dabble in the property sector the chance to learn some valuable information about the industry. The Yorkshire region especially heard some fantastic news (but perhaps we are a bit bias…).
Here’s our summary of key announcements for the region from this year’s event:
Key announcements from day one included insight on the Sheffield City Region from Sir Nigel Knowles, with inward investment from car maker McLaren and aviation giant Boeing being referred to as the “tip of the iceberg”.
In addition, details were revealed about the Global Innovation Corridor that will link prestigious assets – including the Advanced Manufacturing Innovation District, the University of Sheffield’s Manufacturing Research Centre and Sheffield Hallam’s Advanced Wellbeing Research Centre.
Day two saw mention of Channel 4’s move to Leeds, with Roger Marsh, the chairman of the Leeds City Region Local Enterprise Partnership announcing that it will impact the region far beyond inward investment.
New proposals were also announced regarding a new multimillion-pound high-rise development in the heart of the city’s business district in Leeds. Plans say that the site, which was formerly the International Pool, will have the potential for around half a million sq ft of mixed-use commercial and retail space, alongside the possibility of residential premises or even a hotel. Very exciting times for our Northern neighbour!
Harrogate received some interesting news on day three, regarding a £250m visitor attraction which will create 1,000 jobs and bring in an estimated 3.5 million visitors each year. A planning application for the ‘food park’ is expected to be submitted in June 2019.
The final day, day four, saw more positive news for Harrogate as it was revealed it had showcased £300m of ‘substantial projects’ during its week at MIPIM. A panel also said that the Northern Powerhouse can be stronger together, and went on to discuss Northern Powerhouse Rail, HS2, digital infrastructure and devolution.
We have certainly gained some valuable insights regarding both the Yorkshire region and the UK from MIPIM last week. News from the event shows a real confidence in the Yorkshire region going forward, despite these uncertain times we find ourselves in, which shines a positive light on the regions capabilities and future.
Until next year MIPIM!