Sunday, 6 March 2011
Scotland - no money for a good time at MIPIM
You know, at this time of year when the sap is rising and a healthy young man's thoughts turn to property development (and other things), it is just as well that MIPIM 2011 is just round the corner. After a long hard winter of doing deals, flattening historic buildings, devastating greenbelt and building masses of breeding boxes for the plebs or shiny new business parks for the plutocracy, it's natural that the property development industry should look to shake the dust from its portfolios and head for the sun.
Now for you ignoramuses out there, MIPIM (Marché International des Professionnels d'Immobilier) is the world's greatest trade show for international property development and takes place annually in Cannes, attracting almost 20,000 participants from almost 70 countries. In reality it is one big party! Of course I'm sure that some deals are done and doubtless some servant architects will make connections with new clients and hope that they win a big job. But for most it is allegedly about drink, drugs and sex.
There is an interesting article in the Sunday Herald today (not online) about Scotland's non-attendance at MIPIM this year. There will be no official representation by Government, public agencies like the beleaguered Scottish Enterprise or Councils - with the exception of Edinburgh who are going of course. Also some Scottish firms will definitely be there as the lure of those scantily clad Russian maidens plying their wares is too strong to keep young property folk in Scotland during a dull overcast March.
So perhaps the message has got through to public agencies about the alleged orgies and drunken capering at MIPIM. On one hand it is a national disgrace that Scotland is not represented on the Riviera. On the other hand, some say that it is not always easy to point to an instant return from such an event - well try telling that to the well known property executive who needed a course of injections when he came home or the prominent local government officer whose wife found some unusual female under-garments in his suitcase on returning home. I've never been to MIPIM unfortunately so I wouldn't know - but I would leap at the opportunity of course! Scottish Enterprise says that 'restricted budget availability' is the reason for their non-appearance. Maybe they are just not up to it anymore!