MIPIM’s organisers have reiterated that they intend to go ahead with the property conference, despite major participants pulling out over coronavirus fears.
Reed MIDEM said: “Firstly, we extend our best wishes to those clients who have made the very difficult decision to not attend MIPIM 2020. We do not underestimate how challenging this decision has been for them. They are long-standing members of the MIPIM family and we look forward to welcoming them back in 2021.
“However, while we appreciate the situation is continually evolving, as of today more than 90% of companies remain committed to attend MIPIM. Therefore, we reconfirm that MIPIM will run as scheduled on 10-13 March.
“Our decision is based on current facts and guidance from local, national and international authorities including the World Health Organization. There is no travel ban in place across France, and France and Cannes are not identified as areas of concern.
“MIPIM will have a dedicated medical team in place in Cannes and will be working with the city and health authorities to ensure that any delegate will have access to full medical treatment and guidance in the unlikely event that it is required.”
CBRE is the latest big name in a string of firms dropping out of the conference, which was set to be held on 10-13 March at the Palais des Festivals in Cannes.
Other firms withdrawing from the event include: Avison Young, Blackstone, Savills, Legal & General, Lloyds Banking Group, Knight Frank; Grosvenor; Greycoat; Landsec; PGIM Real Estate; and developer CTP.
Cushman & Wakefield was the first big property firm to withdraw from the conference.
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