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SOUTHERN NEW ENGLAND TO BE PROMOTED AT MIPIM, THE WORLD’S PROPERTY MARKET CONFERENCE

RI Realtors’ East Coast Commercial Property Network to Showcase Area Markets at Conference in Cannes, France, March 12-15

MIPIM, the world’s leading global real estate market, business conference and networking event, will welcome RI Realtors’ East Coast Commercial Property Network to its 2019 event in Cannes, France. RI Realtors will be part of the USA pavilion, hosted by the National Association of Realtors®, the United States’ largest real estate trade organization. NAR will be among the 3,350 exhibiting companies at the 2019 event.

MIPIM, the world’s leading property market, brings together all the key actors of the real estate business. Investors, developers, end-users, architects, hotel groups, public authorities and property associations gather in Cannes for four intensive days of networking, matchmaking and development of international business relations. MIPM has established itself as an essential meeting place for city administrations who attend in order to both promote inward investment opportunities and discuss major key policy issues that urban conglomerations are facing around the world.

“We’re looking forward to heading back to MIPIM this year. Last year was my first year in attendance and I was overwhelmed by the opportunities that presented themselves there. The conference provides a fantastic opportunity to showcase our corner of the world and all that it has to offer to developers and investors,” said Dean deTonnancourt, 2019 President of the RI Association of Realtors.

Once again, NAR has expanded its MIPIM exposition footprint in response to the growing U.S. presence and to accommodate new exhibiting partners. The NAR-sponsored USA pavilion provides local and regional U.S. markets the ability to showcase opportunities for foreign investors.
“The U.S. remains the top-ranked market for real estate investors,” said Charlie Oppler, 2019 first vice president of the more than 1.3-million-member trade association. “Foreign investment in the United States remains strong and investors consistently identify the U.S. as the most stable market for real estate investment and the best opportunity for capital appreciation. Strong job creation and business expansion is fueling the U.S. commercial market, and the shortage of available commercial inventory is driving continued increases in transaction prices.

“The third quarter 2018 witnessed a resurgence of large transactions in the large cap market, leading to higher deal volume and prices,” said Oppler. “Investment volume in this space totaled $152.7 billion, a 17 percent jump from the same period in 2017.

“MIPIM provides a unique opportunity to showcase local property markets on a global scale,” continued Oppler. “With sales in both gateway cities and secondary markets advancing in 2018 and several smaller markets posting record sales, we’re excited to see more of our markets taking advantage of MIPIM to attract foreign investment dollars.”

“We’ve found that the international business community is extremely interested in areas in southern New England which are ideally located near large cities like New York and Boston and are easily accessible by plane, train and cars. We have a lot to offer here and we’re looking forward to meeting with attendees about some of the projects we have in the works,” said detonnancourt.

Some 26,000 leading real estate executives from 100 countries, including more than 5,400 investors, are expected in Cannes for the four-day annual gathering of the global real estate industry. The event brings together investors, developers, occupiers, architects, hotel groups, public authorities, city mayors and property associations from around the world.

Note: East Coast CPN subscribers can showcase their listings/projects through email blasts and videos to targeted MIPIM attendees. Find out how by contacting East Coast CPN at 401.432-6925 or 401.432.6948.