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EPRA Monthly Brief
June 2018
You find me in Beijing airport drafting this month’s EPRA Brief at the end of a very successful 10th EPRA Asia Week tour. Our Hong Kong team hosted Aroundtown, Dream Global REIT, Gecina, Unite Students and Wereldhave in five cities over five days, including three seminars and more than 120 one-on-one meetings with local investors.
 
At the same time, our continental Europe investor outreach team hosted the first Frankfurt-based event of the year, which you can read more about below, and moderated a panel on the listed sector at the Iberian Real Estate Summit in London. Our research team held a panel session at the European Real Estate Society's Annual Conference that EPRA continuously supports for the past years, while our reporting & accounting team attended the International Accounting Standards Board meeting in London which focused on the Primary Financial Statements project. Our public affairs department talked about the expansion of the REIT regimes at the Figyelő event in Budapest and sat on the jury for the 11th annual European Pensions Awards.
 
It was also a busy month from the membership perspective, and I’m pleased, as always, to welcome our new members this month: the Swedish logistics company Catena Fastigheter, EPRA’s long-term partner VIEWS+S Consulting and the international hotel & resort group PPHE, taking the total EPRA membership to 269.
 
I look forward to catching up with all our members at the EPRA Conference on 4-6 September in Berlin and encourage you to register before you leave on your summer holidays. I hope those present in Berlin will find the content of the programme enjoyable and the speakers inspiring and thought provoking. For those of you who will not be able to make it, our speakers' opinions and the highlights of the event will be available in the next issues of the EPRA Industry Magazine, which is now also accessible as a multi-media app, so don’t forget to download it from the App Store.

Dominique Moerenhout, EPRA CEO
EPRA news

Building a stronger Europe

Stock exchange listed property companies play a unique role in delivering, enhancing and operating the built environment says a new EPRA report targeted at policymakers. It highlights the unique contributions listed property companies make to the health, vibrancy, efficiency and accessibility of the European property market and the opportunity that growth in this sector can play in building a stronger Europe. The sectors’ main benefits and characteristics, ranging from regulation and accountability to transparency, sustainability, liquidity and investment performance are laid out in easy to use chapters. The report will be soon available for download here.

Are you ready for the 2018 EPRA sBPR assessment?

EPRA has updated its assessment methodology for the Sustainability Best Practices Recommendations (sBPR) Awards. The new methodology is now in line with the third edition of the sBPR Guidelines, published late last year, which supports companies with their reporting on wider social and governance issues as set out in in the EU directive on the disclosure of non-financial and diversity information. The methodology updates the scores and weightings used to reflect the newly introduced social and corporate governance categories and will take full effect as of 2019. In keeping with previous years, JLL and EPRA will assess the companies during the summer and announce the 2018 Award winners at the Conference in Berlin on 5 September. For more information, contact sustainability@epra.com

Investor outreach in Europe

The EPRA Private Wealth Manager events moved to Germany this month, where the CEOs of Landsec, alstria office REIT and Xior Student Housing outlined their approach to their respective markets. Assisted by Credit Suisse, the half-day session introduced the benefits of the listed sector to a new audience of investors. Following earlier editions in London in the spring, focus moves to real estate development after the summer. Together with a corporate access event towards the end of the year, and our traditional Investor Day on 6 September during the EPRA Conference, our Continental investor outreach is maintaining its momentum in 2018.

Global real estate shows its strength

As the global economy exhibited solid growth and central banks rolled back their post-crisis stimulus in a steady fashion, inflation worries have now come to the forefront, especially in interest-rate sensitive sectors like real estate. Regardless of what lies ahead, rents have been rising in line with economic growth and inflation, and with limited new supply in many markets and increasing occupancy levels, the industrial, residential and diversified property sectors have performed strongly over the past year. Read the full article on the FTSE Russell blog.
 
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