For its 24th edition, the World’s Property Market will place Turkey center stage. MIPIM will host a pavilion dedicated to Turkey that will be inaugurated by the country’s Deputy Prime Minister, Ali Babacan, showcasing leading players in Turkey’s real estate industry.
MIPIM is organised by Reed MIDEM, a subsidiary of Reed Exhibitions, and held in Cannes from 12 to 15 March 2013.
In May 2012, the Turkish government abolished a rule that banned some foreigners from buying property. This change of legislation should stimulate real estate investment in the country. For example, according to GYODER (The Association of Real Estate Investment Companies, Turkey) the Turkish real estate investment companies aim to attract $10 billion of foreign property investment a year. And following last year’s earthquake, the government launched a major program to overhaul Turkey’s housing base and construct earthquake-resistant buildings.
“Turkey is of course strategically located between Europe, the Middle East and Asia. Above all, we have chosen Turkey as our Country of Honor this year because of its strong potential and extensive market opportunities. The country’s demographic and financial health has been confirmed by the rating agency Fitch, which noted last November that Turkey's investment rating is attracting foreign investors as well as businesses. MIPIM provides an opportunity to find out more about a highly dynamic country that is increasingly attracting the international real estate market," says Filippo Rean, Director of MIPIM.
The Emerging Trends in Real Estate® Europe(2012) report by PwC and the Urban Land Institute, highlights care centers data centers and hospitals as among Turkey’s long-term assets, and hotels as attractive for short-term strategies. And for the second consecutive year, Istanbul has been ranked first for new investments and developments in Europe. This ranking largely reflects the robust health of the country’s economy and demographics.
Against this background, MIPIM will host a Turkish pavilion offering an opportunity to discover the country’s flagship businesses and projects. Thus, the pavilion will host Agaoglu , Akdag-windowist , Artas – Aydinli – Kelesoglu –AFK joint venture, Mesa, Artas, Kantur Joint Venture, Is REIT, Konutder, Timur Nef, TSKB, Proplan, Proje Yonetim, Globe International, Tahincioglu, and Nurol. Moreover, many Turkish companies will participate to the show. In addition, many international companies attending MIPIM have also already shown an interest in Turkey.
Conferences dedicated to opportunities in Turkey will be held throughout MIPIM, focusing on the upsurge in office real estate, hotel developments, and investment prospects and opportunities in the Turkish market. And as part of the MIPIM Awards, the jury will award a special prize to a Turkish project.