Page 57 - March 2023 #179

Taking place alongside the four-day gathering is the MIPIM Awards private equity firm, together with DJM, a San Jose and Los Angeles-
2023, which features 43 finalists in the globally-renowned real estate based private equity real estate developer, have relaunched the famed
competition for completed or yet to be built projects around the world. shopping centre at Hollywood & Highland, which included a major
In addition to the usual criteria, this year the jury focused on how projects design update and new name, Ovation Hollywood. After construction
seek to enhance the built environment’s prospects in line with ESG goals. began back in 2021 and upon completion in phases last year, Ovation
The six key criteria are sustainability, integration of the project in its Hollywood has been transformed into a vibrant, mixed-use destination
environment and community, quality of the user experience, economic that includes 135,000sq ft of retail, two floors of nearly 100,000sq ft of
contribution, originality of the concept and architectural qualities. creative office space, 85,000sq ft of dining, 65,000sq ft of entertainment
Nicolas Kozubek, MIPIM Director, said: “MIPIM continues to provide space and 40,000sq ft of event space. With an emphasis on a refreshed
an unrivalled opportunity to access and unlock significant global capital, tenant mix and updated merchandising, DJM leant into their retail
as evidenced by the number of cities and investors committed to expertise to bring an updated tenant mix to the property.
the 2023 event. MIPIM shows us the value of in-person, face-to-face A project under development by Thor Urbana is The Landmark
discussions and meetings which are unique components for conducting Tijuana, which is a project that is located in the Golden Zone, the area
business and securing vital investment. Together with our delegates, I with the highest real estate growth in the city of Tijuana in Mexico.
look forward to discussing the best solutions to overcome the challenges On course to open in spring this year, the Landmark Tijuana will bring
our cities face whilst driving forward the real estate industry in what will together the best shopping, dining and entertainment offerings unlike
be a crucial year for securing investment and delivering major projects anywhere else in the area. It will be complemented by an exclusive
and regeneration schemes. This spring, we anticipate welcoming more residential tower, luxury hotel and class A+ office spaces to become
delegates to Cannes than last year, driven by strong growth in our the new place to live, work and play. The lifestyle centre will feature
main markets in Europe but also including more people from the rest 308,000sq ft of leasable area, whilst the surround facilities within the
of the world. MIPIM will become a truly global event in 2023 with the scheme will include 154,000sq ft of A+ office space, 190 residences,
participation of delegations from major international cities and regions, a brand new hotel with over 200 rooms, more than 2,000 car parking
including those from Japan, Canada, the US, Brazil, Turkey, Qatar, Saudi spaces and all this will open to the public in spring of next year. The
Arabia and Egypt.” upcoming project will offer a unique mixture of cultural diversity from the
region, integrating itself into an existing, bicultural, vibrant community in
Global Schemes search of exceptional experiences. The Landmark Tijuana will transform
Americas the lifestyle of every person who has the chance to experience this most
Gaw Capital USA, a Hong Kong and Los Angeles-based real estate innovative development in northern Mexico.