MIPIM summit 2018: “Sustainability in real estate is no longer an option, it is the norm”

Metropolitan cities want to be the biggest: expanding, creating more housing and work spaces. By 2050 it is estimated that 60 percent of the world population will be living in urban areas. Nature is suffering, if not disappearing. At the MIPIM  (“Marché International des Professionnels de l'immobilier”) summit in Cannes experts presented lots of smart alternatives how to create properties and buildings in a sustainable way up to 2050. The motto this year was “Mapping World Urbanity”.

13-16 March 2018 - Palais des Festivals, Cannes, France

If they can do it, we can do it

Topics at the MIPIM Summit were sustainability in real estate including mobility, town and city planning, new technology, architecture and design. Numerous initiatives in this field were showcased. Experts of ONGC  for example talked about their planned office-buildings lighted up 80 percent by daylight, where energy consumption is less than 50 percent and water consumption is one third less than comparable buildings in that region. Where? In India, not Europe. Other great working examples are the efficient technology of a tunnel system of air condition which is unique in New Delhi - one of the most polluted cities worldwide, or the fact that 90 percent of the construction rubble is recycled and not disposed. Furthermore 70 percent of all construction materials come from local ecosystem-funds to minimize the consumption of primary commodities. That’s why the ONGC was prevailed among 55 other countries and was one of the four finalists in the category “Best Innovative Green Building”. Winner in that category was Marina One, from Singapore, a company owned by Khazanah Nasional Berhad, Kuala Lumpur, Malaysia and Temasek Holdings, Singapore, MIPIM report said. 

Sustainable constructions are more than necessary

Today, sustainability in real estate is no longer an option, it is the norm. Beyond smart buildings, it’s now important to consider sustainability from a city perspective and how to go about achieving sustainable strategies. This topic covers a number of subjects including mobility, infrastructure, and energy efficiency. This is why we have decided to hold the MIPIM Sustainability Summit.
— Ronan Vaspart, Director of MIPIM.

Other sessions at the summit talked about Urban Mobility or newer, cleaner and more energy-efficient technologies and materials such as wood that the EU is aiming to use to help cut greenhouse emissions by 80% by 2050. Exhibiting for the first time was the UN-Habitat, which presented a re-development project for the Switzerland headquarters. The building will include a new sustainable office building and the comprehensive renovation and modernization of the historical Palais des Nations buildings. 

Inspiration is king

Hundreds of ambitious urban development projects filled up the event in these three days. Experts networked and spread their new knowledge over the world. Cities house more than 50 percent of the world's population. So the need for city authorities and real estate companies is to take up a joined strategic approach to urban development. 

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