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At Yacht Parties In Cannes, Councils Have Been Selling Our Homes From Under Us

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http://www.theguardian.com/commentisfree/2014/oct/14/yacht-cannes-selling-homes-local-government-officials-mipim

Starting this Wednesday, 4,000 men (and, yes, they’ll mainly be men) will gather in a giant hall in London. Among them will be major property developers, billionaire investors and officials of your local council or one nearby. And what they’ll discuss will be the sale of public real estate, prime land already owned by you and me, to the private sector. The marketing people brand this a property trade show, but let’s drop the euphemisms and call it the sales fair to flog off Britain.

For the past 25 years, this conference – Mipim for short – has been held in Cannes. It’s a jaunt so lavish as to be almost comic – where big money developers invite town hall executives for secret discussions aboard private yachts, and whose regulars boast that they get through more champagne than all the liggers at the film festival.

Suitably oiled-up, local officials open talks with multinational developers to sell council housing estates and other sites. All this networking is so lucrative for the builders that they even fly over council staff. Last year, Australia’s Lend Lease paid for Southwark’s boss, Peter John, to attend Cannes. This is the same Lend Lease to which Southwark sold the giant Heygate estate at a knockdown price: 1,100 council flats in inner London to be demolished and replaced with 2,500 units, of which only 79 will be for “social rent”.

Events such as Mipim raise the flag on the land grab that eventually leads to thousands of people being kicked out of their homes – and in many cases out of London. It is a forum that relies on invitation-only lunches, secret talks and the public being kept well away. In a shamefully undemocratic development system, this is one of the most untransparent forums of the lot.

You might think that seven years after the collapse of an economic system built on property speculation and amid a historic housing crisis, Mipim would have no place in the UK. You’d be wrong. When it opens this week it will be to a welcome address from that loveable friend of big money, Boris Johnson. Even with 344,000 households in London awaiting a council home, the mayor is cheering on their flogging off and replacement with unaffordable luxury flats. Joining him will be Conservative ministers, senior civil servants and council delegations from Glasgow through Leeds and Liverpool and down to Croydon.

Does anyone know if this is classed as "foreign direct investment" for economic purposes?

Still at least it's a nice day out for our experienced council staff looking after the local residents interests.

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Starting this Wednesday, 4,000 men (and, yes, they’ll mainly be men)

Boo! Hiss! All men are evil! Good old Graun.

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Yes.

Because it's way way better to have our council estates owned by foreign investors so they can swallow all the HB money, then the UK government itself.

Just like it's better our rail and energy networks are owned by so many foreign states.

Because, like, gubberments are evil, but the gubberments in other countries are okay and the rich men who invested in those gubberments to put them in power are also wonderful.

Aren't we lucky our gubberment is getting smaller by selling everything it used to run to foreign gubberments and the rich individuals who've paid for and shaped those foreign gubberments?

Wibble wibble I'm a tree.

Edited by byron78

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http://

en.wikipedia.org/wiki/MIPIM

MIPIM (Le marché international des professionnels de l’immobilier) is an international property event hosted in Cannes, France each March. It is hosted by Reed MIDEM and includes an exhibition area, networking events and conference sessions over a period of 4 days.

The event aims to facilitate business between investors, corporate end-users, local authorities, hospitality professionals, industrial and logistics players and other real estate professionals.

It's not mentioned in the guardian article but the MIPIM organisation Is French and has a lot of French senior management.

It's a global organisation acting as a trade show market place (it's more than just a conference) and facilitating property business and deals all over the world especially the UK, France, Hong Kong, Japan and the Asia-Pacific region in general.

Boris Johnson seems to be a regular attendee/speaker at MIPIM events and going back several years.

One of the main sponsors is Savills, the real estate advisers and it's not just Conservative councils as the other parties are involved as well.

As usual it's a LibLabCon thing.

Not only are the people running the UK selling off the UK helped by MIPIM and its multi-national network but they're in effect helping the richest people from all over the world to influence/set the level of UK house prices.

Apparently the trade fair is being held at Olympia London from tomorrow to Friday (for some reason the guardian link doesn't mention the exact venue) and there will be delegates from the councils listed below,

  • Ashford
  • Barnsley
  • Basingstoke and Deane
  • Bassetlaw
  • Birmingham
  • Bolsover
  • Bolton
  • Bracknell Forest
  • Bradford
  • Bristol
  • Bury
  • Calderdale
  • Cardiff
  • Chesterfield
  • City of London
  • Croydon
  • Derby
  • Derbyshire Dales
  • Doncaster
  • Dundee
  • Edinburgh
  • Gateshead
  • Gedling, Rushcliffe, Newark & Sherwood
  • Glasgow
  • Hampshire & East Hampshire
  • Highlands & Islands
  • Kingston upon Thames
  • Kirklees
  • Lambeth
  • Liverpool
  • Leeds
  • Leicester
  • Leicestershire
  • Luton
  • Manchester
  • Milton Keynes
  • Newcastle
  • Northampton
  • North East Derbyshire
  • North Tyneside
  • Nottingham
  • Perth & Kinross
  • Reading
  • Rotherham
  • Sheffield
  • Slough
  • South Lakeland
  • Southwark
  • Stoke-on-Trent
  • Sunderland
  • Swale
  • Wakefield
  • West Berkshure
  • Windsor & Maidenhead
  • Wokingham
  • Worcestershire
  • York
Edited by billybong

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Apparently Evolving London/GVA has a stand at MIPIM as well


http://

evolvinglondon.gva.co.uk/speaker-bios/

with some well known names involved.

Edited by billybong

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http://www.theguardian.com/commentisfree/2014/oct/14/yacht-cannes-selling-homes-local-government-officials-mipim

Does anyone know if this is classed as "foreign direct investment" for economic purposes?

Still at least it's a nice day out for our experienced council staff looking after the local residents interests.

It's like a François Truffaut Trougher movie

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Mr Johnson speaking at MIPIM Cannes March 2014 - with questions/answers at the end.

Doing his best to pretend to be on the side of the average Londoner (who he wants to vote for him of course) and average people elsewhere in the UK. Not a very receptive audience even to the miserable little carrots he was pretending to offer to average UK people.

Little or nothing about real investing in UK manufacturing.

25 years of MIPIM and 6 years of Mr Johnson and now new 1 bed London flats built on old power station sites at £1 million each.

Abject policy failure.

Edited by billybong

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Posted a chart on Twitter about foreign investment from China, which looked very good compared to EU counterparts, indeed that was how it was being spun, as a success.

Until someone with some sense pointed out that investment means 'ownership.'

The country is being parcelled up and sold off to foreign rentiers. I'm sure this will suit the likes of Boris and his chums

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This kind of thing makes me pretty grumpy.

I don't think you have to be a loony lefty socialist to object to our artificially limited supply of buildable housing sites being sold off in sweetheart deals with our elected representatives during a "conference" on the Mediterranean.

The justification is no doubt that this is much needed investment and the free market at work. But as we know the housing market is about as free as a Haitian slave in the 18th century, and what are the chances the public are getting value for money from these opaque transactions. This is neofeudalism writ large.

It is exactly the kind of corrupt corporate-socialism that is the reason our country is in such a mess economically, and the reason why people have lost faith in their elected representatives of all parties to represent them, not just the 0.1%.

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You know, there was a time when the low-paid in the UK had their housing situation improved by elected government, providing basic decent secure social housing at an affordable rent to give them and their children a stable platform to improve their lot if they so chose.

These days it is the property developers and speculators that are given a helping-hand by our elected representatives, they are ones that are given a stable platform to make profit, without any thought given to whether this investment is actually beneficial to the UK as a whole.

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When it opens this week it will be to a welcome address from that loveable friend of big money, Boris Johnson. Even with 344,000 households in London awaiting a council home, the mayor is cheering on their flogging off and replacement with unaffordable luxury flats. Joining him will be Conservative ministers, senior civil servants and council delegations from Glasgow through Leeds and Liverpool and down to Croydon.

"London property is a global asset class" Boris Johnson, Davos.

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Boo! Hiss! All men are evil! Good old Graun.

Yup. Why are they selling them...er, to fund the pensions of ex public sector little old white ladies who refuse to die. OK, that's a generalization. But if the guardian wants to generalize, well its generally men who die sooner.

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And Boris Johnson is being groomed as the next Conservative party leader. We have so much to look forward to in this country, it makes me leap for joy. Either that or the meds.

Boris really is sick. The worrying thing is he is the embodiment of greed, but he's a tory women will vote for. Unstoppable if that happens.

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Boris really is sick. The worrying thing is he is the embodiment of greed CRONY CAPITALISM, but he's a tory women will vote for. Unstoppable if that happens.

I thought Dave was the one they said women will vote for,

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"London property is a global asset class" Boris Johnson, Davos.

while to the people of london it is chiefly a place to live.

that's the difference.

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In his March 2014 MIPIM Cannes speech Boris pretended he couldn't remember what MIPIM stands for.

For sure he would know it actually stands for Le marché international des professionnels de l’immobilier which in English means The international market for real estate professionals.

He eventually decided he knew what it stands for and his version was "Making Important Property Investments For Millions of Londoners on Modest Incomes".

It's all just confidence trickery.

He could have prepared a speech saying that it did mean The international market for real estate professionals and he could have then gone on to describe in some detail how that was going to help Millions of Londoners on Modest Incomes (MILLIONS) but he would have quickly realised how utterly unconvincing it would be.

Edited by billybong

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Boris really is sick. The worrying thing is he is the embodiment of greed, but he's a tory women will vote for. Unstoppable if that happens.

My Mum can not stand him though she may have been influenced by the fact that I am always telling her that Boris is a complete ****.

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Boo! Hiss! All men are evil! Good old Graun.

Yes, h

Boo! Hiss! All men are evil! Good old Graun.

yes, that's how one discredits everything they're about to write before they've even begun.

Clearly a panel of all women would have never done that...

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Well Sir Howard looks pleased with himself ... unlike the Guardian, the Evening News seems to think that inward investment is a good thing (bringing jobs and new homes to live in) ...

Manchester and Liverpool to champion property investment projects at MIPIM UK

JS40271885.jpg

The event follows the success of its internationally-focused moniker held annually in Cannes, France. Representatives from Manchester and Liverpool will join together today to showcase major property developments and opportunities to invest in both cities at MIPIM UK.

The event follows the success of its internationally-focused moniker held annually in Cannes, France. Both cities will be exhibiting together to showcase a range of projects from across the M62 corridor to an audience of investors, developers, occupiers, hotel groups, agents and business service providers at the inaugural event.

Together, both Manchester and Liverpool will be backed by 26 sponsors and partners including Peel, Deloitte, Morecrofts, the Liverpool BID Company, Homes and Communities Agency, Bruntwood, Innov8, Cheshire West and Chester, Manchester City Council, MIDAS – Greater Manchester’s inward investment agency, Stockport Council and Virgin Trains to name a few.

Manchester’s involvement in the exhibition comes during a significant rise in development activity for the Greater Manchester region, which will support the forecast of additional 40,000 jobs within the city centre in the next decade, and GVA increasing by over £5.5bn by 2023, to a total of almost £20bn. Additional infrastructure is also planned to support the city’s growth proposals.

The city’s Victoria station is currently undergoing a £44m redevelopment to provide space for millions more passengers a year, with additional redevelopments planned for Oxford Road and Piccadilly stations as part of the proposed Northern Hub. Manchester is looking to communicate this message of development at MIPIM UK as well as future plans around east- west connectivity investment of the One North proposals.

Sir Howard Bernstein, chief executive of Manchester City Council, said: “Both Manchester and Liverpool need more powers to shape our cities that attract quality investment to help pump the heart of the North to complement London so that we can compete with the biggest cities in the world, supporting strengths like cutting-edge research as well as more traditional investment in sectors such as housing and commercial development. “This strategy is already bearing fruits. For example, the Beijing Construction Engineering Group is playing a key role in the development of the £800m Airport City project, and the city’s constructive relationship with Abu Dhabi United Group, the privately-owned investment company which also owns Manchester City FC, has seen the announcement of a major new partnership to regenerate two east Manchester neighbourhoods.”

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