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We are entering the final stretch before the EPRA Conference at the beginning of September and works are underway to ensure a great experience for all our members. From exclusive property tours around London, through over 40 company pitches to investors and high-level keynote speakers, to the reveal of EPRA’s new brand and website, we are confident this edition will be like no others. If you have not done it yet, make sure to book your seat before your holiday via this link.
 
During our event, we will also publish the latest edition of the Global REIT Survey. Thanks to the application we are developing for you, attendees will be able to download the new report in just one click. I would like to thank our partners – Deloitte, EY, PwC, KPMG, Loyens & Loeff, Chiomenti, NAREIT, Mazars, CMS and BDO – for their ongoing support in updating this widely-read publication.
 
In September, EPRA will also present new academic and market research papers. Earlier this week at the Research Committee meeting in London, our members reviewed the preliminary submissions of the projects EPRA commissioned for this year. Make sure to subscribe to our Research Digest in order not to miss it.
 
Speaking of research, last week together with our US partner NAREIT we concluded a very successful investor outreach trip, meeting investment managers, consultants and a global pension fund. We look forward to hosting NAREIT in Europe in September for a reciprocal tour.
 
I wish you a pleasant summer and look forward to seeing you at our Conference in September.
 
Dominique Moerenhout
EPRA CEO
EPRA NEWS

Sustainable Finance in the EU

In its Capital Markets Union Mid-Term Review published in June, the EU Commission announced it will take into consideration the recommendations of the High Level Expert Group (HLG), established to help to define a comprehensive European Strategy on Sustainable Finance. Specifically, it will work to prepare measures to improve disclosure and better integrate Environmental, Social and Governance (ESG) matters in rating methodologies and supervisory processes, as well as in the investment mandates of institutional investors and asset managers. The HLG published its interim report in mid-July and presented it during a public hearing attended by EPRA later that month. The report analyses the major challenges and opportunities in sustainable finance, where the main funding gaps lie and how financial regulation could be remodeled to meet the challenge. The HLG is collecting feedback on the interim report open to stakeholders in order to prepare its final position. EPRA will review the HLG’s proposals, collect our members’ views and assess the need to establish policy recommendations.

Where do real estate equities fit in the broader market?

Each quarter EPRA compiles a report on activity in the listed property sector in Europe. It includes useful data on the size and scale of the sector as well as the corporate activity of the past quarter. At the end of the second quarter of 2017 the value of the total listed real estate sector in Developed Europe was USD 448bn, with the largest markets being the United Kingdom (USD 93bn), France (USD 90bn), and Germany (USD 79bn). Europe was further strengthened by seven IPOs raising over EUR 1.2bn. Europe has also made significant progress in terms of securitised real estate, with Germany being the prime example of this achievement, with only half a percent of the country’s commercial real estate available to investors on the stock market in 2005 to over 5 percent in June 2017. Same success stories apply to Spain and Ireland, where both the real estate sector and the broader economy have benefitted from the introduction of REIT regimes. EPRA expects the global listed real estate market to continue to grow in the future, offering a broad range of opportunities to investors. For more information download the EPRA 2017-Q2 Total Markets Table.

Promoting gender equality

EPRA partners up with Women Talk Real Estate to tackle the visibility gap for women in real estate. “Women currently represent just 14% of speakers at real estate events across Europe. This significantly underestimates the contribution female professionals make in the industry,” said founding director Viktorija Grubesic. EPRA is strongly committed to work towards a more gender balanced sector and ultimately more equal society. As the leading association for European listed real estate, we believe EPRA is best placed to drive the change in the male-dominated property sector. This is why EPRA is committed with it Diversity Programme to increase the number of women in the talent pipeline, in management and in executive roles as well as promoting diversity at Board level. Read more about promoting gender equality in real estate here and EPRA’s Diversity Programme here.

EPRA Conference 2017 – RE-think real estate

Watch the video and discover why you should attend the EPRA Conference in London! Our speakers line-up includes Hoover Institute, Stanford Professor Niall Ferguson, the Executive Director at Singularity University Salim Ismail, MIT Economics Professor William Wheaton and former UK Deputy Prime Minister Nick Clegg. Let us RE-think real estate together – join us in revealing EPRA’s new brand and website on 6 September and meet the winners of the Outstanding Contribution to Society Award – our (exciting) new project. Do not forget to join the conversation on Twitter #EPRAconf and see you in London!
 
We are grateful to all our sponsors for their support: Unibail-Rodamco, Hispania, Colonial, Arowntown, Klepierre, PSP Swiss Property, JLL, Credit Suisse, RealFoundations, CeGeREAL, EY, SEGRO, Affine, TLG, Green Street Advisors, Cofinimmo, Derwent, Gecina, alstria, CA Immo, Vonovia, Icade, British Land, Westfield, Landsec, Befimmo and Merlin Properties. Want to be in the sponsorship spotlight? Contact us here.
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