UK Property News

MIPIM London property conference targeted by protesters

by Mark Benson on October 16, 2014

MIPIM London property conference targeted by protesters

MIPIM London property conference targeted by protesters

The MIPIM annual property conference has been held in Cannes for the last 25 years so this year’s switch to London caught the attention of many developers, investors and council officials across the region. Yesterday’s soirée with champagne bottles aplenty has been promoted and advertised for some time now with Mayor Boris Johnson opening the event. However, the first day of the conference yesterday was marred by ugly protests outside and there was a heavy police presence leading to a lock down of the building.

Protesters are furious that local authorities are looking to sell off council land to an array of developers with very expensive and very high spec properties in the offing. Indeed there are 400 properties empty in the Olympic Park, East London, although an enormous 24,000 strong housing waiting list in the area, begging the question, how do councils justify selling off these properties? [click to continue…]

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