Mishcon de Reya Partner Susan Freeman is writing a daily MIPIM blog – a unique insight into the events, debates and parties during MIPIM week.
Below are some snippets from the blog, which can be viewed in full here.
After a longish lead in period and a wonderfully relaxed dinner hosted by London Chamber’s Mark Collins and Colin Stanbridge, it was great to get started in earnest on MIPIM day one. The weather, which is clearly going to be a feature of this year’s MIPIM, was warm enough for breakfast on the Carlton Terrace with Gabrielle Berring from Lloyds Bank. We compared itineraries and wardrobes before starting in the gruelling round of meetings, seminars and meals. We agreed that a mix of existing contacts and new was the ideal mix for MIPIM.
After a late night following our lively MIPIM dinner I was on parade bright and early (but without a voice!) Some of our guests seemed similarly afflicted. The early start was for the BPF International Investor Breakfast sponsored by Bilfinger GVA. It was an impressive international turnout with standing room only for latecomers. We were informed that although MIPIM delegates were here in record numbers, the French delegation had again pipped the Brits at the post and, at the last moment, beaten us to be the largest MIPIM delegation. This was possibly due in some way to the presence of the French interior Minister, whose ten car cavalcade I saw yesterday as he visited the London Stand. He was surrounded by swarms of police, minders and camera crews. I doubt that our Housing and Planning minister Brandon Lewis MP will have that sort of entourage when he makes his flying visit to MIPIM.
My day started with an early Movers & Shakers breakfast on devolution co-hosted with JLL. JLL’s Katie Kopec set the scene with a canter through the comparative tax take across a number of international cities. London only retains 7% of its tax income although, from next year, its councils will retain 100% business rates. We learnt that New York retains 23% of its income tax and that Berlin has a dog tax. Devolution is under way and cities that control more tax can invest in local infrastructure. More, she said, will be happening in collaboration and following the Budget announcement of combined authorities, local authorities will be working together. As George Osborne said ‘North, South, East and West the devolution revolution is under way.’