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MIPIM 2011: UK Country of Honour Celebrations - UK Property Open for Business

At a time of global uncertainty, mature and transparent property markets such as the UK will prove ever more attractive to investors, the MIPIM conference will hear tomorrow.

Tumultuous events in Africa and the Middle East have highlighted the UK’s status as a safe-haven for global capital, the event will hear, with prime assets, particularly in London, in high demand. Some GBP3bn was invested by overseas buyers in London City Offices alone in the fourth quarter of 2010 – accounting for 75% of investment in the sector.

Bringing together leaders of the UK property industry with major investors from across the globe, the breakfast seminar will be hosted by MIPIM and the British Property Federation as part of the UK Country of Honour celebrations.

John Richards, President of the British Property Federation, said: “At a time of global uncertainty it is entirely logical that investors should look to a mature, sophisticated, transparent and liquid market that provides a genuine diversifier from alternative, well-recognised investment sectors.”

MIPIM Director Filippo Rean said: “The decision to commemorate the UK in 2011 is in recognition of the contribution the UK has made to the global real estate market during MIPIM’s 21 year history and the vital role the UK has played in the promotion of cross-border investment.

“The honour also provides a great opportunity for UK real estate to be showcased at what is a crucial time in the recovery. The UK is a major player at MIPIM and it has consistently been one of the leading countries in terms of exhibitor numbers.”

ENDS

For further information, images and interview requests please contact BPF Media and Public Affairs Manager Patrick Clift on 07834 439 505, or email pclift@bpf.org.uk.

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