The MIPIM Cannes property festival has been postponed in response to growing concerns related to the coronavirus outbreak and is now set to take place in June, organiser Reed MIDEM has announced.

The event, staged annually in Cannes, had been scheduled to get underway next week (10 March) but is now set to take place between 2 and 5 June.

A number of delegates had already decided to cancel their attendance for the original date.

“The well-being of our clients and staff is our priority,” said Reed MIDEM chief executive Paul Zilk. “Given the evolving context, the best course of action is to postpone MIPIM to June.

“This is not a decision we have taken lightly.  We believe these new dates will provide the international MIPIM community with the opportunity to achieve their business objectives.

“We are grateful to our clients for their support and constructive input during this challenging period, and we look forward to talking with them in the coming days about MIPIM Cannes in June.”

Originally published in Insider Media Ltd