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www.glasgowchamberofcommerce.com
Invest Glasgow’s stand at MIPIM
City makes an impact at global real estate show
T
eam Glasgow made an impressive impact underlining a coherent strategy for the city at this year’s MIPIM, the world’s biggest property and real estate market, according to Chamber Chief
Executive, Stuart Patrick. However, as figures released showed that previous visits
to MIPIM and similar events such as MIPIM UK and Expo Real have led to £574m of investment in the city since 2014, Stuart cautioned about presuming such impacts are immediate. The delegation from Glasgow, led by the City Council, represented the city in a bid to attract further investment. “It takes time and you don’t get an immediate reaction from
investors on the day. It is about nurturing relationships that will emerge over time. It is an opportunity, particularly for Glasgow City Council’s Chief Executive Annemarie O’Donnell, to make a series of contacts with both the existing network and to open up some channels with potential new ones,” he said. It can often take three years from hearing about the opportunities to taking the investment plunge. “The proposition that Glasgow was putting out this year at
MIPIM was pretty impressive. It was coherent and founded on the Innovation Districts for Glasgow.” Five key investments were presented as part of Greater
Glasgow’s offering. These were: the Innovation Districts located in the West End around the University of Glasgow with its £500 million campus development, and its healthcare hub at the Queen Elizabeth hospital; the City Centre Innovation District around Strathclyde University, expanding from the TIC buildings towards Glasgow Green; the Custom House Quay project on the Clyde waterfront; the Clyde Gateway with its Dalmarnock and Magenta projects for mixed-used office and light industrial around Shawfield; and Renfrewshire Council’s showcase of the Advanced Manufacturing Innovation District Scotland at Inchinnan, and including the Glasgow Airport investment area. These developments have all been mapped out and funded by the City Deal. “This all showed there was scope for mixed-use private
development and investment. There are a lot of firm options for private investment and a sense that Glasgow is setting out its stall for the next 10 years in building up its economic base,” said Stuart. Glasgow regularly features in the top 10 of European cities
to invest in. More than 24,000 participants from more than 100 countries were represented at the four-day MIPIM 2018, including many from Glasgow’s competitor cities, such as Manchester, Birmingham, Sheffield and Leeds. “All the events that Glasgow held were very well attended.
They were busy, vibrant and active and there was genuine interest in what is happening in the city,” said Stuart. Annemarie O’Donnell said: “Glasgow continues to punch
Chamber Chief Executive, Stuart Patrick, speaks to the MIPIM audience about Glasgow: Scotland’s economic powerhouse
above its weight in terms of attracting jobs and investment to the city. “In order to maintain and develop this position in the face
of competition from other cities, we have to show developers and investors exactly why this is a great place to do business, and MIPIM is the ideal platform for us to do so.”
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