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Derby hosts Mini MIPIM

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Couldn't get out to MIPIM this year? Well, not to worry, as Derby is hosting its own mini-version at the city's Pride Park Stadium today. 

Guests at the annual Property Summit will hear about the city's £271m development pipeline. Other subjects up for discussion include what do winning investment locations look like and growth opportunities for regional cities.

UK Regeneration chief executive and regular Estates Gazette columnist Jackie Sadek will be on a panel of speakers, which also includes Adam Wilkinson, chief executive of Derby city council. 

Sadek will be giving a keynote address asking are we seeing the rebirth of urban residential? UKR's recent investments in such projects in Derby and Nottingham highlight a growing trend in this sector.

Watch out for live Tweets and pics from the event from me. In the meantime, if you would like to know more about the city just click on the video below... 


Brum's Alternative MIPIM is a hoot(er)

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Birmingham's 'Alternative' MIPIM 'do' held on Wednesday this week managed to combine two timely high profile events - MIPIM, naturally, and tonight's charity gag-fest Comic Relief.

Tables in Andersons Bar & Grill in the city's Jewellery Quarter were adorned with red noses for all guests to wear and talk on the day centred around MIPIM and most importantly market sentiment.

Sentiment out in Cannes was a tad more optimistic this year and I have to say that this was also reflected by the 100 property folk that attended the French-themed lunch too. 

Enquiries are up, and people are starting to seriously look to the regions again to take advantage of the price differential when striking deals. Yes, deals are of course still hard to pin down and money remains tight, but more occupiers are looking at their options now than have been in years and people feel a market recovery, however fragile at this stage, is not as distant a dream as it was this time last year.

One well known Brummie resi developer told me that he'd had the best January- March sales this year, than in the last five years. Generally, the mood does feel lighter but it is cautious optimism that is buoying people. Let's not get ahead of ourselves...

The Alternative MIPIM event is a great idea. This was its fourth year. Borne out the market downturn, those who had usually gone to MIPIM still wanted that valuable networking opportunity. And doing that over moules marinieres, bourgignon (a slightly odd twist on this latter dish this year using fish instead of beef) and classic French cheeses all washed down with a bottle or five of Sauvignon and/or Merlot makes it all the more pleasant.

A big thank you must go to Mike Hargreaves of Coltham Developments, Eddie Morse of EM Consultants and Jilly Cosgrove of Barques Design for setting up the event. The icing on the tarte tatin was the £758 raised for Comic Relief on the day.

No doubt, seeds of deals will have been sown here, as well as over in Cannes, which after all, is what it's all about...



(Picture caption: Adrian Willet, CBRE; Tim Andrews, Hollywood Monster; Martin Guest, CBRE; John Nolan, Nolan Associates; Scott Rutherford, Cushman & Wakefield; Ashley Hancox, CBRE)


MIPIM 2012: Notts leads the way

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How refreshing to see Nottingham hitting the headlines in a good way and all the more pleasing that my good blogging colleague Jackie Sadek is partly responsible. Jackie's day job is CEO of UKR, the organisation that supports urban regeneration. I discovered that something exciting was up when our paths crossed in Nottingham a couple of months ago, but, consummate professional that she is, she didn't give away too many details.

Now we know that UKR is pioneering what it hopes will be the first of many of a new type of urban villages. What is interesting about the Sandfield scheme (and the concept) is the focus on private rented accommodation as the resi element of the mixed-use development. This sector has long had an image problem, so if Sandfield succeeds in moving perceptions away from sleezy, greedy landlords and scuzzy, poorly-maintained properties to affordable, funky modern living the benefits will be felt far beyond the East Midlands.

The Midlands as a whole will definitely benefit though, with plenty of former industry-dominated run-down areas gagging for a regeneration makeover. There are benefits for the commercial property market, too. Confident and well-supported neighbourhoods are a draw for the reliable workforces that form the backbone of our modern economy, so for this, and many other reasons, I for one will be keeping a hopeful eye on Sandfield's progress and keeping my extremities crossed that what started in Nottingham will be replicated elsewhere.

By Tim Garratt, director at East Midlands-based agent, Innes England


Thumbnail image for Tim Garratt.jpgMIPIM is always an interesting experience.  It's a world property show and you get to meet people from all parts of the globe . Last week I met the CEO of Argus Software - the folks who write the 'only' valuation software worthy of mention.

 

I mentioned where I was from - and until we did the Robin Hood 'thing' he wasn't sure. London sometimes seems to be the only place in the UK?

 

But it seems that this is not just Nottingham centric. Our sister cities in the East Midlands get the same treatment.

 

The East Midlands has a lot to offer - and my involvement this year at MIPIM is as part of the Team Nottingham 'crew' (pictured below). And it went well - we had a great Indian meal on Tuesday night - and hosted a drinks party for nearly 300 people on the harbour in the port of Cannes on Wednesday

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We have pressed the flesh with developers, investors and occupiers together with countless fellow professionals - from the UK, Europe and beyond.

 

My impression of MIPIM this year was that it was quieter - that there are very few cities with 'flash' displays (aka yachts). The cities that do occupy the Palais De Festivals seem to be from the Eastern Block!

 

We went with a great team - but on a no frills, no nonsense basis. We had a consistent message to play out - that despite the city not being able to attend as it has for the last few years the private sector still values MIPIM. On more than one occasion last week I was told that this is 'The Big Society' being played out.

 

We took with us Lorraine Baggs from Invest in Nottingham and she, along with Mike Taylor from Nottingham Regeneration Limited have been able to sell the city without favouring any of the private sector partners.

 

So, without putting too fine a point on it - Nottingham is still very much open for business - that's not changed. But perhaps the emphasis will be on the private sector for the next few years!

 

Come and see us in Nottingham - we have 'leccy and mains gas and drains. And it's not so high up that you'll get a nosebleed....

 

 

 

Blog post: #MIPIM Midlands round up

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Well here we all are back in Blighty after last week's MIPIM whirlwind. For those in the Midlands who didn't attend (and there were many who didn't), here's a quick round-up...

 

Overall, MIPIM didn't disappoint. Yes the Croisette was quieter than usual but the Palais (aka the bunker) was heaving. It was a very focussed event with much more emphasis on smaller, private dinners rather than big flashy parties, and as a networking opportunity it remains unparalleled.

 

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When it came to announcements London tended to hog the headlines and the modest number from the Midlands had mainly been trailed in the media before MIPIM. So it was particularly baffling that one of the biggest genuine first glimpses was left almost until the end of the show. Impressive CGIs of the new John Lewis about to be built as part Birmingham's redeveloped New Street station (pictured right) were unveiled on Thursday night, after the property press had gone to print and many delegates were already packing their bags for home. There will undoubtedly be questions this week about whether Birmingham city council and Network Rail got the timing wrong and missed out on some much-deserved attention.

 

# mipim - So far, so good

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Yesterday saw a good start to the annual MIPIM event. Although, initially noticeably quieter than usual (this is my first Mipim for two years and the atmosphere was definitely more subdued), people are certainly more focussed and events are generally on a much smaller scale.

 

I caught up with Derby City Council leader Harvey Jennings who was keen to tell me - ahead of the announcement made today - that five major schemes are to benefit from the city's £10m regeneration fund. This will be rubber stamped at a council meeting next Tuesday and details will be announced then. However, Jennings did say that Darley Abbey Mills looks set to benefit from a £900,000 contribution for a refurbishment programme.

 

Next on the Brum stand - some of you may have already seen my tweets about the extraordinary lighted floor on the stand which certainly was a talking point - and an interview for EGTV with Birmingham City Council's strategic director of development Mark Barrow (watch out for this on EGi) who talked about Birmingham's aspirations for MIPIM.

More one to one meetings then Birmingham's welcome reception and keynote speech from Mike Whitby.

 

Whitby outlined how plans to develop the 1.5m sq ft mixed-use Paradise Circus site can now push ahead. After an agonising wait, the proposed £500m redevelopment are back on track thanks to the government ruling on the city's controversial central library building.
The day was rounded off nicely with a tasty curry at the Team Nottingham dinner at the Maharaja restaurant. Hats off to the team who have really rallied round to give Nottingham a presence at MIPIM this year.

 

You can read more about what went on today at MIPIM in our daily digital edition. You can also see all the MIPIM news stories and video's at www.estatesgazette.com

 

#mipim Derby - The Renaissance Continues - view film here

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 Click below to view the latest film shown at Mipim this morning about Derby's continuing renaissance.

 

 

#mipim Derby Retail Embassy private screening

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Around 100 guests have turned out to hear Derby talk about the £1bn investment in the city in the last three years. Guests including: Derby City Council chief exec Adam Wilkinson, Miller Birch's Mark Bielby and developer Chek Whyte watched the Derby Renaissance film and heard that Compendium Living has been chosen as preferred developer to bring forward the Castleward Urban Village project which will comprise over 800 new homes.

 

Derby council leader Harvey Jennings said his main priority is to secure the next £1bn of inward investment for the city. Jennings said he's placed Derby at the heart of the new Derbyshire and Nottinghamshire LEP called D2N2. The newly created Derbyshire Renaissance Board will influence the LEP.

 

With a major predicted increase in jobs to be created in the city centre to 16,000 demand for commercial space in the city is on the up.

 

Derby council chief executive Adam Wilkinson gave an economic overview of the city (see later blog to come). Suffice to say, major job creation and office development is a main focus going forward.

#mipim Whitby gets ready

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Brum City Council leader Mike Whitby learning his lines just prior to his keynote speech on the Brum stand

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