Cannes property festival MIPIM is postponed amid coronavirus outbreak

International property festival MIPIM has been moved to June amid growing fears over the global coronavirus outbreak.

The event in Cannes on the French Riviera, which attracts delegates from all over the world, was due to be held from March 10-13.

On Friday morning organisers again said the event would go ahead despite news that some large firms were pulling out due to fears over the ongoing spread of coronavirus.

But today it was confirmed the event would be moved as the outbreak continues worldwide. There have been hundreds of cases in northern Italy, with 21 deaths.

Today Reed MIDEM Chief Executive, Paul Zilk, said: “The well-being of our clients and staff is our priority. 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 in June."

Many British cities and regions, inclduing Liverpool, Manchester and the Midlands, send large delegations to MIPIM.