At the Mipim real estate trade show in Cannes, official representatives from Messe Frankfurt, the City of Riga and business development agency HA Stadtentwicklungsgesellschaft signed a letter of intent regarding the joint development of a new exhibition and convention centre in the Latvian capital of Riga. The agreement resulted from an official request made by the Riga municipal authorities to Messe Frankfurt. The city is to draw on the expertise of this global trade fair organiser in developing its new event grounds.