Nick Gibb, deputy managing director at Willmott Dixon, looks back on MIPIM 2016 in this exclusive piece.
As MIPIM draws to a close I look back over the last three frenetic days and am delighted on how our presence at the international property event has helped us reach our objectives.
We launched Adjuto this week – a finance mechanism created for public sector bodies that unlocks development opportunities through a unique funding solution, collaborative partnerships and private sector skills and capacity.
As a case study to illustrate the benefits of using Adjuto, we used one of our high profile projects we are working on for Nottingham City Council, the Biosciences development. Through the Adjuto solution, the city council will save an impressive 10% (£2.5 million) on the build, enabling them to recycle the monies into other schemes.
Adjuto is a market first and has been in the planning stage for nearly five years and it’s fantastic to launch it with Nottingham City Council which is the first customer to commit to the initiative. Through our launch at MIPIM we are already experiencing a great deal of interest from potential customers looking for a financial solution.
As well as launching Adjuto, this year we joined forces with city council leaders to market Leicester, Lincoln and Nottingham and it has been great to see the three cities showcase the tangible opportunities they have to offer. We worked alongside our Adjuto partners to champion these cities to communicate to developers and investors on an international stage what commercial opportunities are available.
We choose to sponsor the cities we already have a strong alliance with and we are currently working on major projects in these areas including the Biosciences building Boole Technology Centre in Lincoln and University of Leicester’s Medical Building – the UK’s largest non-residential Passivhaus.
We invest heavily in each of these cities, aiming to provide sustainable buildings for the community and support worthy projects and young people through providing work experience and apprentice placements.
Willmott Dixon has had another very fruitful MIPIM and the hard work continues when we get home, following up on enquires and building on newly created relationships.