The massive MIPIM property festival in Cannes will not happen this year thanks to the Coronavirus outbreak.
The event was due to take place in March but was postponed to June as the number of Covid-19 cases was already growing rapidly.
Now organisers say the June Riviera event has been cancelled - and that a full Cannes event will return in March 2020.
Instead there will be a two-day MIPIM event in Paris in September, while organisers Reed Midem will also launch an online portal called MIPIM Connect.
Filippo Rean, real estate division Director at Reed MIDEM, said: “The situation surrounding COVID-19 is changing daily and government measures are becoming increasingly restrictive.
"It is clear that holding a large MIPIM tradeshow in Cannes in June is not feasible given the rapid spread, devastating impact and uncertain evolution of the virus.
"As it is not possible to organize a traditional MIPIM by the end of this year, we are planning a different form of gathering for clients in the autumn in Paris, plus a digital experience, MIPIM Connect. These aim to help the industry start to recover and are the precursors of MIPIM in Cannes in March 2021."
MIPIM director Ronan Vaspart said: “We appreciate the support and feedback we received from many MIPIM customers and are grateful for their patience and understanding.
"Together with our partners in Cannes, we look forward to welcoming everyone back to Cannes in March 2021 for an excellent MIPIM and, in the meantime, we hope people stay connected and, above all, safe."
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