The annual gathering of international property investors and developers is usually held in Cannes. This year it is shifting to Olympia in London – perhaps an indication as to where the current international property market is heading.
The Leader of Lambeth Council is booked in to speak on two sessions:
15 October, The Case for Investing in Affordable Housing.
“Everyone seems to agree on the desirability of more affordable housing but how can this be delivered in practice and how can it work with the mainstream development industry? We include a focus on innovative financing schemes.”
You could argue that it makes sense for a local authority leader who is overseeing the gentrification of Brixton to have an input on a panel that is addressing affordable housing.
We hope that Lib will outline in more detail the ‘aim’ to have 40% affordable housing at the Somerleyton Road development, despite her party’s original manifesto pledge to offer 50%.
We were actually quite warming to Lib and her contribution to the annual jolly for all those involved in international housing investment. But then we saw that she was also returning to MIPIM the following day for a second panel sessions:
“With a mix of retail, leisure, hospitality space and B1 offices, Nine Elms on the South Bank represents an exceptional opportunity for central London occupiers.”
The ‘occupiers’ probably aren’t the type that are forced to find empty accommodation because they have been out-priced out of their local neighbourhood.
The local group Housing Action in Southwark and Lambeth are not best pleased with Cllr Peck’s contribution at the glory fest for property investors. It has called for a Twitter Storm to take place on Thursday 25 September from midday:
“We want to know:
Why is Lambeth Council failing homeless people by forcing them into the private sector?
Why has Lambeth adopted an allocation policy that undermines the demand for social housing while tricking applicants that their chances of social housing will be improved?
Early bird tickets for MIPIM are available from £395…