Il primo “MIPIM Japan” a Tokyo chiude con oltre 2.500 delegati da 30 Paesi

Leading Japanese and international real estate executives, politicians and scores of international investors acclaimed the inaugural MIPIM Japan, which took place in Tokyo, May 20-21.
Throughout the two days of presentations, conferences, and networking events, the more than 2,500 attendees from 30 countries, including 335 investors and delegates from financial institutions, focused much of their attention on the real estate investment opportunities available in Japan – one of the world’s top real estate markets. 596 companies were represented, including some 222 from outside Japan.
With Japanese overseas real estate investment hitting new highs in 2014 and 2015, a series of presentations covering opportunities in the United States, Russia, the United Kingdom and South East Asia underlined MIPIM Japan’s credentials as a forum for inbound and outbound investment discussions.
In the inaugural MIPIM Japan Opening Keynote address covering the macroeconomic outlook and its impact on Japan’s real estate sector, Hiromichi Iwasa, Chairman and CEO of Mitsui Fudosan Co. Ltd. expressed optimism for the Japanese real estate market and the growth of J-REITs.

“With JPY13 trillion (approx. US$107 billion) in assets, the J-REIT market is now second only to that of the U.S. The spread between J-REIT dividend yields and 10-year government bonds is 2.7%, an attractive level even by global standards,” commented Mr. Iwasa.
His keynote address, which was delivered to a standing-room-only audience, also touched on the impressive growth of Japan’s tourist market.
“The Abe Administration has set a target of 20 million foreign visitors to Japan annually by 2020, but now believes this goal can be achieved ahead of schedule thanks to cooperation between the public and private sectors,” the Mitsui Fudosan Chairman and CEO added.

International investors attending MIPIM Japan, including leading executives from Temasek (Singapore), AXA Real Estate (France) Generali (Italy), Manulife Financial (USA), NDV Group (Russia), Citic Capital (China), SEB Investment (Singapore) and Wells Fargo Securities LLC (USA), voiced their support for an event that combined showcases of investment opportunities with discussion of the best methods to successfully do business in the Japanese market.
Andy Tan-ChyeGuan, CEO, Asia at Generali Real Estate, a leading long-term investor in global real estate, commented, “We are very proud to be a Platinum Sponsor of the inaugural MIPIM Japan. It demonstrates our belief in Japan as a key gateway for us in Asia and our optimism about Governor Masuzoe’s strong initiatives to make Tokyo the best city in the world.”
Stanley Ching, Senior Managing Director and Head of Real Estate Group at CITIC Capital, commented, “Japan is a market that must be taken seriously, and for new investors, MIPIM Japan is a great place to meet and learn from people who already have experience here.”
“Japan is a big market, it’s a liquid market, and it’s a market that you cannot ignore,” said Choy-Soon Chua, Managing Director of SEB Investment GmbH. “MIPIM Japan is a great forum for Japanese developers and investors to meet foreign investors. It is always an excellent opportunity for us to interact with existing partners and to meet new partners.”

MIPIM Japan saw a broad spread of attendees from all sectors of the real estate industry including developers, investors, hotel groups, architects, agents, business services, corporate occupiers, local authorities, real estate associations, service providers and specialist media.
Dr Megan Walters, Head of research at JLL Asia Pacific Capital Markets, said, “Our recent data shows that across the 25 global major office markets, Tokyo is expected to be one of the star performers both in terms of rent and capital value appreciation. Office rents in Tokyo have been rising for 12 consecutive quarters since 2012, and we expect rents to continue to rise by as much as 30% over the next four to five years, a sign of a solid and sustained upturn in demand in the real estate markets. MIPIM Japan has been a very successful event with lots of high level senior industry and government participants and from our JLL experience it has been an honour and a pleasure to take part.”

A Cushman & Wakefield report* issued during the inaugural MIPIM Japan was equally optimistic about Tokyo’s office leasing sector. According to the report, “Vacancy rates for Grade A offices have tightened to below 5%, with strong corporate performance driving demand as companies seek to relocate.”
“We have been encouraged by the reaction to the inaugural MIPIM Japan and are particularly grateful for the support and advice we have received from the Ministry of Land, Infrastructure, Transport and Tourism,” commented Filippo Rean, Director of the Real Estate Division at MIPIM Japan’s organizer Reed MIDEM.
“The quality and diversity of the companies and cities represented, combined with the interest shown by international delegates, particularly investors, confirms the need for a specific real estate event devoted to the Japanese real estate sector. This has been an opportunity to discuss business and to debate on some of the most important issues facing global real estate, cities and national governments, particularly innovation and sustainable urban development policies,” added Filippo Rean.

A statement from the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) noted, “MIPIM Japan has been an excellent showcase for the country’s dynamic real estate market. The presence of international real estate investors confirms global interest in the national property sector. The exchanges around innovation in real estate, the impact that the 2020 Tokyo Olympic and Paralympic Games will have on real estate and tourism and the sharing of best practices associated with smart cities, smart buildings and sustainable urban development, have been invaluable.”

Source : Company

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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