The Society of Industrial and Office Realtors (SIOR) attended MIPIM in force with its international and European leadership all present to meet with its global membership and address the local and international issues that affect its 3,700 members in 45 countries.
In fact, with over 50 representatives present in Cannes this year, it was a record number of SIOR members and guests at the conference, and the organisation’s stand served as a great base camp for members, their clients and contacts to meet and do business.
For the SIOR leadership, there were two key trends on the agenda, as SIOR executive vice-president Patricia Loveall explained: “Industrial is up; office is down. The depressed office market is a direct result of the COVID pandemic and at this point the status quo is not an option. There is going to be a new look and feel in the office sector as the issues facing the industry represent a challenge to our members and our task is to provide them with support. That element of the industry needs to be reimagined.”
Meanwhile, the society’s CEO, Robert Thornburgh, highlighted reasons to remain optimistic “Building, design, everything is changing and those who are nimble and accept the challenges will be the winners. Our job is to educate, collaborate and assist our members over the next five or even 10 years to work through these issues and see them emerge stronger.
“On the industrial side, the disruption of supply chains is creating new opportunities, with limitations on imports benefiting local manufacturers. We’re seeing double-digit growth in 2023, and we don’t see the market changing for industrial.”
Finally, SIOR’s European Chapter President, Andrew Smith, added: “There are positive signs that recovering demand is bringing back industrial appreciation – certainly there appears to be competition again – and the occupier market has remained resilient, with many standout companies driving demand for land.”
For SIOR, MIPIM remains an essential meeting place for its members to make new connections and broaden their reach, and Robert Thornburgh highlighted that “There’s nowhere else that brings together such a wide variety of people, companies and countries.”
While there was a lot of uncertainty ahead of MIPIM in the UK, fuelled by doomsday talk of recession, Andrew Smith was keen to point out that in reality; “Judging from the noises on the ground, it seems that the UK economy has proved more robust than many people feared. There’s still a bit of nervousness around US interest rates, and concerns that these could keep rising until the end of the year, however it looks like UK interest rates may be peaking and the industry has perhaps weathered the worst of the storm. And while it’s difficult to generalise the pan European market, it’s largely been spared the same corrections as the UK market, which has taken a big hit in the last 9 months. With all that said, there are positive signs that recovering demand is bringing back industrial appreciation (certainly there appears competition again), and the occupier market has remained resilient, with many standout companies driving demand for land.”
Other trends of note to emerge from MIPIM were on the sustainability side, as external geo-political and macro-economic pressures over the last year has seen a massive rise in the number of businesses interested in transitioning towards low carbon solutions, as well as significantly ramping up of renewable energy sources, with commitments to phase down fossil fuel reliance really making a difference. This newfound urgency has translated into a dramatic focus in financing.
For SIOR, MIPIM has been a really good opportunity to bring together the leadership of the group from both the US and Europe, to congregate with far-flung colleagues and network. SIOR is at its heart a network of like-minded people, so the conference is a natural stage for members to make new connections and broaden the organisations reach.
SIOR Europe's second ski weekend will be held from Thursday 25th through Sunday 28th January 2024 in Chamonix Mont Blanc, France.
For a world of information about Chamonix Mont-Blanc, visit the tourist office's website here.
Email us now to find out more and to register your interest.
The Society of Industrial and Office Realtors (SIOR), the leading global professional office and industrial real estate association, has promoted Matthew Leguen de Lacroix, SIOR, FRICS, as Head of Business Development, a new role within SIOR. Leguen de Lacroix previously held the role of Director of the SIOR European Chapter, and prior to that, within his role as an active member of SIOR, he was president of the SIOR European Chapter and a trustee of the SIOR Foundation.
He has more than 30 years of commercial real estate market experience in both Switzerland and France. Before joining SIOR, he was president of DTZ (now Cushman & Wakefield) in French-speaking Switzerland.
“I am excited to be an integral part of SIOR’s bold strategic initiative to make our organisation truly global,” said Leguen de Lacroix. “My focus is to strengthen our existing relationships Internationally and build new ones. I am looking forward to increasing our coverage in Europe and gradually expanding our network into other countries like Africa, where, incidentally, we have just gained two new members.”
In Leguen de Lacroix’s role, he will ensure that SIOR has a highly visible presence at MIPIM, Shedmasters, CoreNET, EXPO REAL and SIMI as well as potentially other national events around Europe in Austria, Germany, Ireland, Italy and Portugal. This position will also be integral in identifying the next generation of real estate professionals around Europe, working with colleges and universities to attract trainees into SIOR (named Member Associates.)
“We are privileged to include Prologis and Panattoni as SIOR’s Global Industry Partners and in Europe, the first Industry Partner for the Chapter is TSL, a leader in technical construction. I am keen to develop additional partnerships where SIOR and industry companies can develop synergy and align on common interests.” notes Leguen de Lacroix
“Matthew has been a loyal and trusted member of SIOR since 2009,” said SIOR CEO Robert Thornburgh, SIOR, FRICS. “His position within the Chapter and his professional network of real estate friends and colleagues internationally have put him at the forefront of SIOR European business and we are thrilled to welcome him to the team at SIOR HQ.”
SIOR is the leading global professional industrial and office real estate association, established 82 years ago. With 3,700 members in 722 cities and 45 countries, SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.
10 January 2023
FOREWORD BY THE EUROPEAN CHAPTER PRESIDENT, ANDREW SMITH SIOR FRICS.
As COP27 has drawn to a close, SIOR Europe is keen to join the conversation about the focus that the summit brings on climate change impact to share commentary and advice from our members, all of whom support greater action in the race to net zero.
Our members have put climate change impact at the heart of their consultancy in response to the market and clients’ increasing ESG requirements and have embedded it into every stage of the property process.
SIOR Europe's Inaugural Ski Trip will be held from Thursday 26th through Sunday 29th January 2023 in Chamonix Mont Blanc, France.
For a world of information about Chamonix Mont-Blanc, visit the tourist office's website here.
Email us now to find out more and to register your interest.
MIPIM - The World's Leading Property Market
14-17 March 2023 - Palais des Festivals, Cannes, France
MIPIM brings together the most influential players from all international property sectors, offering unrivalled access to the greatest number of development projects and sources of capital worldwide. This unique environment provides exceptional networking, showcasing and commercial opportunities for property advisors, developers, regional authorities, investors and corporate end-users.
SIOR’s Global leadership attending MIPIM 2023 :
Patricia J. Loveall, SIOR, President.
Paul Danks SIOR FRICS, Member, Board of Directors.
Andy Smith SIOR FRICS, European Chapter President.
They will be supported by SIOR team members from HQ:-
Robert Thornburgh, SIOR, FRICS. Chief Executive Officer.
Brandon Hensley, Chief Operating Officer.
John Manganiello, Senior Vice President of Business Development.
Kelly Miller, CAE, Vice President, Member Experience.
Matthew Leguen de Lacroix, SIOR, FRICS, Head of Business Development EMEA.
SIOR members may benefit from SIOR's delegate stand rate.
Contact events@sioreurope.com for further details or to find out more about adhering to SIOR.
The European Chapter of the Society of Industrial and Office Realtors (SIOR), the leading global association for real estate advisors, has appointed Andrew Smith, Commercial Partner at Carter Jonas, as President. Smith succeeds past president, Paul Danks, and will serve from October 2022 until 2024.
Smith is a real estate advisor in the Commercial Division of Carter Jonas, with over 27 years’ experience in the industrial and office markets. He currently works with a number of major global occupiers and landlords on acquisitions and disposals in the industrial sector across the UK and Europe. Commenting on his appointment, Smith said: “The current market is challenging and ever-changing, so there has never been a better time to demonstrate the value of high-quality, professional, clear advice in the investment, development and management of real estate assets and portfolios. The SIOR designation is one of the world’s most valued and the association’s members are best-in-class.
“The focus of my presidency is to continue to build our great community of partners, advisors and clients so that they can collaborate to deliver work across Europe. At SIOR, we create lasting relationships and friendships, working together to remain at the forefront of the industry, networking to share business opportunities and coming together at our own and key sector events to share ideas and insights. It is a privilege to lead the Chapter in Europe and promote their expertise to prospective clients,” he added.
Other strategic priorities for Smith’s term include continuing to improve diversity and inclusion in the industry and encouraging the next generation of professionals.
Immediate past president, Paul Danks, said: “It has been a career highlight to lead the European Chapter of SIOR over the past two years. With an exceptional team in Washington DC, London and throughout Europe, we have grown our membership and done more deals across the network, for the benefit of the members and their clients. I have every confidence in Andrew’s ability to continue to grow and develop SIOR in Europe.” SIOR is the leading global professional industrial and office real estate association, established 81 years ago. With more than 3,600 members in 722 cities and 45 countries, SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.