Real estate sector flocks into Cannes

ISTANBUL - Hürriyet Daily News

Istanbul Mayor Kadir Topbaş (3rd L) poses with the real estate representatives yesterday in the Turkish Pavillion at MIPIM real estate expo. Company photo

Turkey’s real estate sector eyes gearing up its rising lure as representatives gather with the leading international actors of the sector at the MIPIM exhibition in Cannes, where Turkey has been selected to be the Country of Honor this year.

Deputy Prime Minister Ali Babacan, along with Environment and Urbanization Minister Erdoğan Bayraktar and Mayor of Istanbul Kadir Topbaş, will attend the world’s largest real estate expo MIPIM in Cannes, France March 12 to 15.

The ministers and mayor will be accompanied by a huge delegation of Turkish sector representative who expect to attract many real estate developers and investors as well as share their expertise and forge commercial links with other delegates.

During the three days of the event, there will be 13 conferences held on the Turkish sector, whereas Babacan will give speech on the economic outlook and investment opportunities at one of them while Bayraktar will give his perspective on urban renewal in Turkey

Within the fair, the best real estate projects in certain categories are also awarded every year at MIPIM prize ceremony and two projects from Turkey have also been short-listed among 36 finalists competing for this year’s awards. A record number of 32 projects from Turkey applied for MIPIM awards in various categories this year.

The Akasya Acıbadem project fits into the “Best Residential Development” category and Marmara Park in the “Best Shopping Mall” category have moved on to the finals. The “Best Turkish Project” also will be awarded during the ceremony since Turkey is the Country of Honor at this year’s event.