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Hot spots and packed pubs on St Patrick’s day

Emily Wright

Last night was a busy one. The evening kicked off with a catch up with Archial for a Building Buys a Pint. Within 5 minites if sitting down i had heard one of the greatest mipim stories yet. You’ll have to read the issue of Building out the week after next to get the full details.

Felt bad for Chris Littlemore who had his wallet stolen the day before from a restaurant and had to spend the majority of Wednesday in a French police station. Then off to the Majestic for the Rider Levitt Bucknall dinner where spirits were high and the developers and architects on my table were reporting decent amounts of private sector work, especially in London – all in line with what most other people have been saying.

They added that another hot spot is the hotels sector. Massive amounts of foreign investment from the Far East is keeping this market interesting. Several mega London schemes in the pipeline.

What with it being St Patrick’s Day, it would have been criminal not to have a pint of Guinness so it was off to Morrison’s, Cannes’ best known Irish pub. Of course, everyone else had the same idea and the place was absolutely packed, both inside and out.

The photo of the Morrisons pub doesn’t really capture the scale of the crush, but anyone who was there will know what i am talking about. The mix of suited and booted property types with the local French youth was an interesting one. One retail developer was overheard shouting: “Good God, This place is bloody ferrel.”

Final stop was the Lovell’s party which drew in a huge crowd considering it didn’t start until 11pm – but then, this is MIPIM.

Where are the QSs at Mipim?

Emily Wright

Dubai pearl images are pretty breathtaking. Sky palace apartments with infinity pools 73 floors up are something special (and a bit terrifying if you have a problem with heights) CEO of the project is confident that completion by 2013 is on track.

Just had coffee with RMJM’s Peter Morrison before he catches a flight to the STates this pm. He talked about the firm’s strategy, projects and Fred the Shred. More on  that another time…

Next stop cyril sweett lunch. Which reminds me…where are all the QS firms this year? Haven’t heard a peep from DL, EC HArris, G&T etc and several other people have said the same…

Missed meetings, quay contacts and Lovell’s expensive mistake

Joey Gardiner

Just had my first early morning meeting cancelled through the other party still being in bed. I’ll spare the blushes of the high profile consultant and regeneration magazine contributor involved as, on reflection, its completely my own fault. 

It’s a rookie error to assume that an 8.30 breakfast meeting on Thursday at Mipim is ever going to happen. What was I thinking?  

Questions were being asked under the trade descriptions act last night by guest regarding law firm Lovells’ Mipim boat party. In actual fact it was a party on the quayside near a boat, which no-one was allowed on.

Read more >

Mipim: Yachts deter quangoes despite promise of deals

Joey Gardiner

A surprise deal to rescue the development prospects for the Olympic site after the 2012 games was the big news to attempt to bring to life the Mipim annual property conference in Cannes.

Announced by London mayor Boris Johnson on Tuesday, the deal follows a year of negotiations between the Treasury, London agencies and the new Olympic Park Legacy Company over the ownership and cost of the land.

The deal, thought to be worth £430m will see the land passed from the ownership of the London Development Agency to the OPLC without debt, allowing the body, run by former EP chair Margaret Ford, to sell the land over time for development. Read more >

Rise of the MIPIM bunker dodgers

Emily Wright

Having only arrived in Cannes last night in time for a quick bag drop before dinner, I have yet to venture into the bunker. This rather ominously titled location is traditionally the heart of the MIPIM conference.

But it seems I am not the only one who hasn’t been in yet. And while I intend to head there today – there are a huge number of delegates who won’t be setting foot inside the Palais all week.

With the pass prices now costing around $1600 MIPIM-goers are increasingly opting out of forking out and are simply meeting in the surrounding bars, restaurants and hotels – picking up key bits of information from “the inside” on their blackberries and laptops.

Indeed, reports from those who have made it inside over the past two days suggest that it this far quieter now than the frenetic chaos of years gone by.

“It just doesn’t make sense for us as a company to pay to send staff out here and for their accommodation and then pay another $1600 just to get into the bunker when they can meet everyone they need to outside the main conference hub,” said one agent. “It is extortionate now and not worth the extra money. I hear there are plans to change the system next year as so many people have a problem with the soaring costs.”

“People who would hang around at MIPIM without bunker passes used to be known as hangers on,” said another. “Not anymore. Financially it is better to come along for the meetings but hold them somewhere other than inside the centre, especially as that’s where you’ll find most people now anyway as everyone has had the same idea.”

So there you have it, rising costs are forcing delegates out onto the streets and into the bars of Cannes from dusk til dawn to clinch those deals. As if Caffé Roma needed any more business…

Timber frame insurance controversy: Building responds

Thomas Lane

We’ve had quite a response to our story on insurers threatening to pull cover on timber frame buildings.

The gist of the responses is we gave the impression that insurers are set to withdraw all cover from all timber frame buildings. We’ve also been criticised for mentioning six people died in a fire in a housing block in Peckham in November.

Read more >

Schools construction: plenty to fight for

Sarah Richardson

It was difficult to know what kind of atmosphere to expect at this year’s BSEC. On the one hand, schools have been the construction industry’s saviour over the past year, in the face of meltdown in just about every other sector. But on the other, the likelihood of a change of government and unspecified cuts in spending in a few months’ time means that the market is the least certain it’s been in about a decade, and construction firms could be forgiven for turning their attention elsewhere.

Read more >

Surfing building.co.uk

Denise Chevin

For 167 years Building has been at the centre of the construction industry, informing, instructing and entertaining its readers. By investing in teams of journalists who deliver high-quality news, comment, data and technical information, we have throughout those years maintained our pivotal role in the industry we serve.

But times change, and so do the ways companies run their businesses. All the more so when the economy turns down. Building is no exception.

Read more >

The confusion over public sector spending cuts

Martin Hewes

There has been much comment recently concerning the planned cuts in public sector investment, with a figure of 50% often mentioned. This relates to the planned reduction in public sector NET investment over the period 2009/10 – 2012/13.

However, GROSS investment is planned to fall by a lesser 30% over this same period.

What is the difference between the two measures and which one is relevant to construction companies? Read more >

 
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