Delivering Invaluable Insight into the Asian Market at MIPIM Asia Summit 2019

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An overwhelming response at Asia Pacific’s leading property summit with highlights on the latest ESG trends

 

HONG KONG, CHINA – Media
OutReach
 – 28 November 2019 – MIPIM Asia Summit sits at
the intersection of global, economic, societal and technological trends
impacting the real estate industry. Despite Sino-U.S. trade
tensions, the future of the Asian property market remains promising and
lucrative with ample opportunities.

 

The MIPIM Asia Summit
agenda was thoughtfully designed to showcase the future of the built environment enabling economic growth, sustainable
performance and community cohesion within the region. The thought-provoking program rundown offered numerous presentations,
panel discussions, keynotes and networking opportunities under the overarching
theme of “Engaging the Future of Asian Markets”. Industry insights
such as Asia Pacific inbound and outbound investment flows, regional
development opportunities and retail real estate trends were thoroughly
dissected by a list of key industry luminaries of the Asian property industry.

 

Dr. Y K Pang, Chairman of the Hong Kong Tourism
Board, inaugurated the summit with a speech on Nov 26 at the opening ceremony. He
stated that, “Hong Kong is in an
unrivalled strategic location with free flow of information that gives global
appeal to businesses. Corporations can do business honestly, fairly and with
absolute confidence in Hong Kong which makes us the perfect gateway to China.”

 

Emphasis on Environmental, social and governance
(ESG) seems to lead the future investment trend, as summarized at the “Global
Investors’ Views” Panel. According to Laurent Jacquemin, Head of
Asia-Pacific, Real Estate, AXA IM — Real Assets, “there is a growing interest
in ESG in Europe as part of the underwriting. AXA pays a lot of focus to this,
which is part of our investment strategies towards the future”. “We look at ESG
to future proof our real assets. As a manager, we need to look ahead of upcoming
trend,” said Chris Chow, Managing Director of LaSalle Investment
Management.

 

The
event also gathered international delegates offering a global perspective on
the current real estate climate. Paris La Défense along
with its CEO, Marie-Célie Guillaume, highlighted the attractiveness and
potential opportunities in the area as a prime location for international
property investment as well as a new lifestyle destination. She indicated that,
“La Defense has attracted $2.7bn of investment; a large portion of that
investment is from South Korea. Our investor pool was mainly from Europe and North
America, but we are beginning to see a growing interest in Asia.”

 

There were a substantial number of delegates
representing the UK. Amongst the heavyweight attendees from the UK were Andy
Street
, Mayor of the West Midlands and Ian
Ward
, Leader of Birmingham City Council, who presented
the driving forces behind outbound investment from Asia to the UK and discussed
how investors could increase their portfolio value.

 

The
event closed with a highly anticipated Meet the Chairmen session with an
established panel of industry leaders which included Justin Chiu from
Cheung Kong Property Holdings Limited, Kenneth Gaw President and
Managing Principal of Gaw Capital Partners, Marie-Célie Guillaume, CEO
of Paris La Défense, George Hongchoy, Executive Director and Chief
Executive Officer of Link Asset Management, Suchad Chiaranussati,
Managing Director of SC Capital and Andrew Weir, Global Head of Asset
Management of KPMG.

 

Vanessa Cheung, Group Managing Director of Nan Fung Development and Adriel Chan,
Executive Director of Hang Lung Group opened the programme on Nov 27 at the New
Generation Leadership Series. Having taken on a
leadership role in Hang Lung, Chan explains the trajectory of the company’s
investment strategies in China, “Hang Lung is heavily focused on 2nd
tier cities as that’s where the growth has been. Third and fourth tier cities
are not sophisticated yet but are coming up.”

 

Vanessa also illustrates how The Mills is embracing
transformation. She states that, “Traditional retail is only about consumption
and transactions, but we position The Mills with the 3 pillars where we
construct not just a place where people shop but one that is an innovation,
cultural and experiential hub.”

 

Amongst the many compelling panel discussions and
speaker sessions, a topic-based luncheon took place on the second day of the
event that allowed participants to exchange practices and ideas. It encouraged
open dialogue between industry professionals related to current trends and
obstacles. One of the most notable topics discussed was the impact of climate
change on the industry. Nadira Lamrad, Assistant Director at Business
Environment Council, was present to delineate the risks and opportunities
brought on by climate change.

 

MIPIM’s global director, Ronan
Vaspart
states, “Despite the current situation in Hong
Kong, MIPIM Asia is undeterred to deliver the best industry knowledge and
insight in the region every year to professionals. We are confident in the long-term
growth of the Asian market and we know that it is now more than ever that these
insights are most useful for businesses that to equip and position themselves
to whether any storm that is ahead of them.” Vaspart reinforces, “MIPIM
Asia will continue to be the leading summit where industry leaders gather and
network.”

 

MIPIM PropTech
Asia: Matching User Expectations

 

Closely aligning
with the current trend, this year’s summit included a MIPIM PropTech day
of conferences, which was held at Grand Hyatt Hong Kong in Hong Kong SAR
on 27 November 2019. The event aimed to power the digital transformation
of the real estate industry with the theme of “Matching User Expectations” this
year.

 

Robert Wilkinson, Director of Corporate
Solutions APAC at Colliers International, headlined the event with intriguing
insight on “How tech enablers and disruptors will redefine the world of work?”. In attendance
were industry leaders such as Aaron Block, Co-founder and Managing
Partner of MetaProp.vc, Jonathan Hannam, Managing Partner from Taronga
Ventures, Eric Cheah, Head of Investment Management Asia Pacific of
Union Investment Real Estate, Antonio Hang Tat Chan, Vice Chairman of
King Wai Group, James Fisher, COO & Director of Market Analysis and
Analytics of Spacious.hk , Andrew Young, Associate Director of Sino
Group, Adrian Lai, Chief Executive Officer of Liquefy Limited, Christina
Tang
, Director of Blue Sky and Chen Lou, CEO and Founder of Spacious,
delivering actionable insight on the evolving narrative for PropTech regionally
and globally. Wei Jie, Director of Strategic Partnership and Growth from
WeWork, wrapped up the event on a high note with a keynote speaker session on
the “Evolving Real Estate with Technology and Community”.

 

At
the “Developers perspective on PropTech in the region”, Andrew Young emphasis the
change in the real estate industry especially PropTech will take time. “Our
advices to a lot of PropTech startups are to look for opportunities beyond Hong
Kong, and to also focus on places that are ready for PropTech such as the Greater
Bay Area, Southeast Asia.”

 

The MIPIM Startup
Competition co-hosted the event with global real estate tech partner MetaProp
NYC for the fifth consecutive year and revealed four short-listed startups that
provided groundbreaking solutions to urban challenges around the world. The five fledging
firms served up energetic, reality TV-esque pitches to an expert judging panel
that consisted of Eric Cheah, Head of Investment Management Asia Pacific
of Union Investment Real Estate, Antonio Hang Tat Chan, Vice Chairman of
King Wai Group and Jonathan Hannam, Managing Partner of Taronga
Ventures.

 

The
winning entrants REOMNIFY and MaiBlocks Technology are invited to
compete in the global MIPIM Startup Competition finals at the flagship MIPIM
summit in Cannes, France on 10-13 March 2020.

 

For MIPIM Asia highlights click here

 

Download images of MIPIM Asia 2019 here.

For more on MIPIM Asia visit: www.mipimasia.com

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About MIPIM Asia Summit

MIPIM Asia Summit is the annual property leaders’ summit in Asia Pacific organised
by Reed MIDEM, is widely seen as a “must-attend” event for leading industry
professionals. It features expert-led conference sessions, premium networking
accelerators and an exclusive awards gala dinner over a two-day period. Distinguished
speakers, senior executives, high-level business professionals and industry
experts from around the world will discuss the latest developments and
prevailing trends in the property and retail industry. MIPIM — the world’s
property market is the leading and largest global property event. The four-day
event takes place annually in Cannes every March. 26,800 delegates attended in
2019 with 6,380 investors, and 100 different countries being represented.

About Reed MIDEM:

Founded in 1963, Reed
MIDEM is an organiser of professional, international markets that are essential
business platforms for key players in the sectors concerned. These sectors are
MIPTV, MIPDOC, MIPCOM, MIPJUNIOR in Cannes, MIP China in Hangzhou and MIP Cancun
in Mexico for the television and digital content industries; MIDEM in Cannes
for music professionals; Esports BAR in Cannes and in Miami for the esports
business; MIPIM in Cannes, MIPIM UK Summit in London, MIPIM Asia Summit in Hong
Kong SAR, MIPIM PropTech NYC in New York, MIPIM PropTech Europe in Paris, MIPIM
PropTech Asia in Hong Kong SAR for the tech and real estate industry; MAPIC and
LeisurUp in Cannes, MAPIC Russia in Moscow, MAPIC Italy and The Happetite in
Milan, and MAPIC India in Mumbai for the retail real estate sector.
www.reedmidem.com

About Reed Exhibitions:

Reed Exhibitions is the world’s leading
events organiser, with over 500 events in 30 countries. In 2018 Reed brought
together over seven million event participants from around the world generating
billions of dollars in business. Today Reed events are held throughout the
Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 38
fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade
and consumer events. It is part of RELX Group, a global provider of information
and analytics for professional and business customers across industries.
 www.reedexpo.com