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13 February 2012

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China's CIC, Abu Dhabi among MIPIM first-timers

China Investment Corporation and Abu Dhabi sovereign wealth fund Mubadala Development were among first-time visitors to the 21st edition of MIPIM this week in Cannes, which attracted some 18,000 delegates from 81 countries. Organisers said investor confidence, major city delegations and ambitious projects were all present in abundance. Among the 1,118 investment firms - 10% up on 2009 - 180 attended for the first time. Signs of an improving market were underlined by realtor Jones Lang LaSalle, which predicted European transaction volumes will rise by 30% in 2010 to around e90bn. (See upcoming PIE Editions for full story)

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