Insignia director Stephen Hubbard says that open-ended funds are at the show to spend money. They have at least €1 billion ($0.87 billion), and these funds are increasing all the time. They need a home, and MIPIM could provide the answer.
Hubbard predicts that much of this money will end up funding schemes in the UK, because it offers large lot sizes. Paris, France, offers similar advantages. But there are deals to be done further afeild as well. Open-ended fund DEKA has just bought its first property in Tokyo through Insignia, and is also looking at emerging markets such as Mexico.
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