MONTREAL, March 5, 2012 /CNW Telbec/ - Richard Deschamps, Vice-chair of the Montréal Executive Committee responsible for major projects and economic development, will be heading the 23rd edition of the MIPIM world property market in Cannes, France, March 6 to 9, 2012. "This annual rendezvous, which brings together more than 18,000 delegates from 90 countries, is very important for Montréal, as it highlights the city's international reputation and is an opportunity to promote major projects with foreign real estate investors and promoters," said Mr. Deschamps.
For a seventh consecutive year, the Ville de Montréal and its partners will take advantage of this major international real estate showcase to highlight structuring projects for Montréal as well as services provided by Regroupement Montréal partners. Montréal enjoys record real estate vitality much as it did in the 60s, with 197 construction sites, each valued at $5 million and more, for total investments estimated at $17 billion.
In addition to many business meetings to promote foreign investments, Richard Deschamps will take part in the Mayors' Think Tank on new financing models for infrastructures throughout the world.
Montréal: a solid real estate market
In a context of world economic and financial crisis, the 2012 edition of MIPIM will enable Montréal to stand out as an attractive destination, offering foreign investors a stable, safe real estate market.
According to a study conducted in 2012 by the Altus Group, Montréal, as the second metropolis in Canada and its second business centre, is well positioned to take advantage of the economic recovery. Its strong office building market has not been affected significantly by the recent world economic crisis. It is one of Canada's most predictable markets and one that has resisted the economic crisis better than other cities. This is an opportunity to look ahead and seek out good values, because the Montréal market offers higher returns and more affordable, stable prices.
Contribution by the gouvernement du Québec
Regroupement Montréal received a $70,000 contribution from the Ministère des Affaires municipales, des Régions et de l'Occupation du territoire for its participation in the 23rd edition of the World's Property Market.
"By providing its financial support to Regroupement Montréal's presence at the 23rd edition of MIPIM, our government wishes to promote the Montréal metropolitan area as a business destination with foreign investors and thereby emphasize the city's international reputation," said Laurent Lessard, Québec minister of municipal affairs, regions and territories.
About Regroupement Montréal
Regroupement Montréal was created in 2006 by the Ville de Montréal. It was formerly known as Consortium Montréal. In 2012, Regroupement Montréal is made up of 12 partners: Aéroports de Montréal, Borden Ladner Gervais s.e.n.c.l.r., Centre hospitalier de l'Université de Montréal (CHUM), DTN Canadian Ski Resort Land Investment, École de technologie supérieure -Carrefour de l'innovation INGO, Fonds immobilier de solidarité FTQ, Groupe Germain, Montréal International, Nuno ID, Société du Quartier de la santé de Montréal, Technoparc Montréal and Ville de Montréal.
For more information, please visit www.montrealsafeinvestment.com
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