10/29/2009: Alexander Otto at the Urban Land Institute Summit in Barcelona
“Cities, developers and investors need to collaborate in these times of crisis“
Today at the first summit of the Urban Land Institute’s (ULI) Urban Investment Network in Barcelona, ECE chief and ULI Europe chairman Alexander Otto called on his industry colleagues as well as city officials to cooperate, particularly in these times of financial crisis. "If Europe’s cities want to succeed in the long run, there has to be a profound exchange of know how between private investors and cities,” said Otto. “The private and the public sectors have now the chance to create a win-win situation together. The ULI Urban Investment Network makes a continuous exchange possible in the first place.”
The network was launched in October 2008 in order to promote collaboration between private investors and European cities. Founding Partners are the cities of Barcelona, Amsterdam and Edinburgh as well as Allianz Real Estate, ECE Projektmanagement, Eurohypo AG and ING Real Estate Development. Among the partners of the network are the Deutsche Bank, the OECD and the European Investment Bank.
150 officials of the real estate industry and the public sector shared best practice during the inaugural summit of the ULI Urban Investment Network in Barcelona on Thursday. Other activities of the network like reports and workshops will secure the continuous dialogue.
