MIPIM 2024 – Digitalization, AI and the future of urban living spaces

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The European real estate industry came together at the MIPIM in Cannes again this year. The Global Urban Festival on the Côte d’Azur ran from March 12 to 15 and covered everything that moves real estate decision-makers. We were present with our team at the London, Luxembourg and Munich stands.

At our evening event “Inspiring Sunset” at Rado Beach, our guests enjoyed a relaxed end to the first day of the trade fair with “Canapés and Content.”

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Vivian Brady-Phillips, Head of Strategic Initiatives for Urban Transformation at the World Economic Forum, inspired participants with her keynote “Cities thrive through public-private collaboration.” She spoke in favor of stronger collaboration between public and private organizations. Frank dialogue and exchange are needed to develop sustainable and resilient cities.

The economic situation continued to be the topic of particular concern to MIPIM visitors this year. There is great interest in realizing unused savings potential, both at property and portfolio level. Artificial intelligence can contribute to reducing energy consumption and making operations more economical.

One asset class in particular is currently benefiting from the rise of AI and streaming: data centers. The demand for data center capacity is growing exponentially and offers investors and project developers attractive yield opportunities beyond the traditional asset classes.

Investments in infrastructure is another trend. Investors who have so far primarily focused on real estate are now diversifying their portfolio.

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The increase in transactions in the weeks leading up to MIPIM gives reason for confidence. International players in the field of private equity in particular see opportunities for interesting investments in Europe.

Our time in Cannes has shown us that internationalization is important and remains so. And, companies that are active across Europe also demand this internationality from their consulting and implementation partners.