The MIPIM real estate conference in Cannes unfolded as the US-Israel war on Iran entered its 11th day, casting a shadow over the annual gathering. Despite the event's focus on global real estate opportunities, delegates grappled with how the geopolitical crisis might impact market sentiment and capital flows. The tension diverted attention from traditional conference priorities.

Investors demonstrated clear preferences for commingled funds, club deals, joint ventures, and separate accounts during dozens of meetings held throughout the week. On the debt side, lenders intensified competition for available deals, reflecting a market adapting to uncertainty. Capital flow discussions became increasingly shaped by geopolitical risk assessment rather than purely economic fundamentals.

The PERE podcast highlighted how market participants remain divided on whether the Iran crisis will derail real estate's recovery. While some see the conflict as creating buying opportunities, others express caution about potential market disruptions. The conference revealed a real estate sector recalibrating strategies amid geopolitical uncertainty, with capital deployment becoming more selective and deal structures evolving to accommodate risk management requirements.