The growing concern surrounding the spread of the Coronavirus has resulted in leading developers and consultants from across the property industry starting to withdraw from MIPIM, the premiere property event for developers, investors and the construction supply chain. However, MIPIM organisers have reconfirmed that the 2020 event will run as scheduled.
Major players including Landsec, Cushman & Wakefield, Knight Frank and HKO architects confirmed that they had all pulled out of MIPIM. The news follows cancellation of major events across Europe.
In a statement this morning a spokesperson for MIPIM, which attracts around 30,000 delegates every year, said: “Whilst we appreciate the situation is continually evolving, as of today more than 90% of companies remain committed to attend MIPIM. Therefore, we re-confirm 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.”
The organisers confirmed that the programme with major keynotes and senior figures including mayors, political leaders and key stakeholders from the real estate industry remains on schedule.
MIPIM will also 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.
Anecdotal reports indicate that product deliveries from China are beginning to effect component supply chains.