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Last week was very busy for EPRA, with a full week of meetings with senior government officials, institutional investors and property companies in Asia. Back in Europe, we were pleased to hear that a draft Polish REIT legislation has been published. The new law has entered consultation stage and is confirmed to be a top priority for the Polish Ministry of Finance.
 
Our association has been advocating for a Polish REIT regime from the very beginning. The first ever event on REITs organised in Poland in April this year, where EPRA gave an opening statement, gathered more than 200 representatives of the real estate sector in Poland. Since then works on a REIT regime have only gathered momentum, with the introduction of REITs having widespread backing in the Polish real estate community. We will monitor the evolution of the legislation and report from Warsaw in November, at a second REIT-dedicated event.

Philip Charls
EPRA CEO
EPRA NEWS

Assessing energy efficiency in the built environment

The European Commission’s Energy Directorate is to release a package of measures later this year to address energy efficiency in the built environment. EPRA, GRESB and INREV, the association for non-listed real estate, have been collaborating to assess how the industry can help achieve the target set at the Paris COP21 Climate Change conference, of cutting 77% of current CO2 emissions by 2050. Earlier this month, at a Brussels seminar co-organised by EPRA, DG Energy Director Mary Donnelly said the proposed package would include the existing Energy Efficiency Directive and a new Energy Performance of Buildings Directive. The latter would focus on reducing carbon emissions through the use of ‘smart’ technology. She explained that consumers are regarded as critical to Europe’s energy savings drive, while building assets and the neighbourhood envelope around them should be transformed from ‘silent observers’ to active participants in any strategy. The new Energy Performance Directive will recognise innovations such as digitalisation which allows ‘smart’ buildings to monitor energy consumption and help occupiers improve energy performance. Read more

Let’s talk sustainability

EPRA is hosting the second edition of its Sustainability Workshop on 23 November in Brussels. Join Paul Haudson and Antoine Begasse from the European Commission, the EPRA Sustainability Best Practice Recommendations 2016 Award winners and various investors to discover how sustainability can bring added value to real estate. Only 70 seats available! Programme and registration.

Asian investors debate post-Brexit European real estate

EPRA attended the ASK Real Estate Summit in Seoul, which attracted over 500 attendees, including major Korean institutional investors. Panellists presented mixed views on the UK market following the Brexit vote. EPRA also attended a very successful seminar on real estate investment trusts (REIT) regimes hosted by North-American association NAREIT, in partnership with the Asset Management Association of China (AMAC). High-level representatives from BlackRock, Green Street Advisors and Cohen & Steers made a strong case for REITs, in the context of China’s potential adoption of a REIT regime. Following the meetings in China, EPRA joined its partners from the Real Estate Equity Securitization Alliance to discuss current financial, regulatory and sustainability activities and reiterated the need for increased global cooperation if we want to achieve the best results for our industry.

Start 2017 with the right Insight!

Join a wide range of real estate and investor professionals to kick off 2017 with discussion surrounding the industry outlook for the coming year. We look forward to welcoming you in London on 9th January and in Amsterdam on 12th January. Seats are filling up rapidly - register as soon as possible to secure your place! Join the conversation online using the hashtag #EPRAInsight.
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