16 Mar 2018
A delegation from Glasgow, led by the City Council, has represented the city this week at MIPIM, the world’s biggest property and real estate market, in a bid to attract further investment to the city.
Previous visits to MIPIM and similar events such as MIPIM UK and Expo Real on behalf of the city have directly led to £574m of investment since 2014. Glasgow regularly features in the top 10 of European cities to invest in.
Key recent examples of investment coming to the city as a result of attending MIPIM include multi-million pound sites at Central Quay, Custom House, Holland Park and Beith Street.
More than 24,000 participants from more than 100 countries were represented at MIPIM 2018, including many from Glasgow’s competitor cities, with intense competition and interest in development and investment opportunities over the four days.
The delegation comprised of Glasgow City Council officers, Glasgow Chamber of Commerce, the Universities of Glasgow and Strathclyde - who joined with the Council for the international launch of the city’s two Innovation Districts, located in the West End and the city centre - with Renfrewshire Council also attending to showcase the Advanced Manufacturing Innovation District Scotland at Glasgow Airport.
Stuart Patrick, chief executive of Glasgow Chamber of Commerce, said: “MIPIM continues to be the biggest gathering of property investors, developers and professionals in Europe, and just about every major European city is represented. It’s important that Glasgow has a presence.
“It remains one of the best ways to present the case for attracting private property investment in housing, offices and hotels, and is the quickest way to get a fuller understanding of how competing cities are developing their economic infrastructure to attract investors.”
Alan Dickson, a director at leading property and construction consultancy Gleeds, said; "This is our 20th year at MIPIM with Gleeds' delegation of 30 real estate professionals from 15 European offices. The key investors are always present at MIPIM and we’re delighted to support the Glasgow team as one of the private sector partners."
Annemarie O’Donnell, chief executive of Glasgow City Council, said: “Glasgow continues to punch above its weight in terms of attracting jobs and investment to the city. In order to maintain and develop this position in the face of competition from other cities, we have to show developers and investors exactly why this is a great place to do business, and MIPIM is the ideal platform for us to do so.”