The atmosphere and dynamics at MIPIM have shifted significantly. Four key changes I’ve noticed speak volumes about the current state of the property and real estate industry.
1. Less of Peacocking and More Business
One of the most striking shifts has been the reduction in the peacocking along the Croisette. Back in 2019, it felt as though the week had a bit of a “show-off” culture, with people (mainly men) strutting along in flashy suits and Ray-Bans. Fast forward to today, and there’s been a notable change. There’s much less posing and more focus on meaningful business conversations. The glossy façade has faded, replaced by a deeper engagement in the issues that are shaping the industry.
It’s refreshing to see people engaging in serious, purposeful discussions. The pose has become less important than the substance. MIPIM is now less about spectacle and more about collaboration, insight, and tackling real-world issues within our sector.
2. More Diverse and Inclusive: A Broader Range of Voices
Another change I’ve experienced first-hand is that MIPIM is much more diverse and inclusive. There’s a palpable shift towards gender and ethnic diversity, and this has been one of the most welcome transformations. Women are taking their rightful place at the event, and there’s a real push to ensure that everyone has a presence.
This inclusivity isn’t just in numbers; it’s in the conversations, too. The perspectives and approaches from diverse groups are leading to more creative and innovative solutions. It feels like the industry is embracing the richness of experience that comes from having a broad range of voices driving the conversation forward.
3. A Shift in Focus: Practicality Over Partying
Perhaps one of the most noticeable changes has been the shift away from extravagant yacht parties and over-the-top events. While networking is still a key part of MIPIM, the marketing budgets seem to be much more carefully spent. Companies are far more strategic with their investments, choosing to focus on the aspects of the event that truly provide value for their businesses. We’ve seen a lot less of the traditional showy events and much more focus on private one-to-one meetings, strategic partnerships, and intimate lunches and dinners.
4. The UKREiiF Impact
Since 2022, UKREiiF has also played a pivotal role in this shift towards serious business conversations. However, whereas the UK counterpart prioritises alliances with local authorities and the wider public sector, MIPIM focuses on private investment and financing for development projects. The emphasis is now on making developments viable and ensuring that the real estate industry stays on course despite the challenging times we face.
5. More Serious Business Conversations: Addressing Industry Challenges
The importance of serious, constructive dialogue cannot be understated. MIPIM 2025 is all about addressing some of the pressing issues facing the industry today, such as the implications of the Building Safety Act and the ongoing planning constraints. These are not topics that can be ignored or glossed over. They are shaping the future of the industry, and MIPIM has become a forum where these issues are discussed head-on.
In Conclusion
As I reflect on today’s MIPIM versus 2019, I’m filled with optimism. The changes I’ve witnessed show an industry that’s evolving in a positive direction – one that’s more inclusive, pragmatic, and focused on tackling the challenges ahead. While there’s still much to be done, I believe that the lessons we’ve learned will continue to shape the future of our sector. Here’s to the next chapter of MIPIM and the exciting opportunities that lie ahead!
